Best Day Trading Platforms and Brokers in Canada 2025
The best day trading brokers in Canada offer high-quality charting platforms, competitive pricing, margin trading and fast execution.
Many firms are regulated by the Canadian Investment Regulatory Organization (CIRO) and offer tailored conditions for Canadian day traders, including live accounts denominated in the Canadian Dollar (CAD). They also provide access to popular markets such as the Toronto Stock Exchange (TSX) and currency pairs like the USD/CAD.
Here you will find the best brokers for day trading in Canada. Each platform accepts Canadian investors and has been tested rigorously by our experts using demo or real-money accounts.
Best 6 Platforms For Day Trading In Canada
After evaluating hundreds of online platforms, these are the top 6 brokers for day trading in Canada:
Here is a summary of why we recommend these brokers in April 2025:
- IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
- Fusion Markets - Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
- FXCC - FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
- AvaTrade - Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- Qtrade - Qtrade is an award-winning Canadian financial services firm that offers a selection of investing accounts with $8.75 and $6.95 stocks, mutual fund trades and 100+ commission-free ETFs. This is a long-running brand that is well regarded in Canada, where many investors choose it to build their savings account or pension pot. QTrade is also highly trusted and authorized by the Canadian Investment Regulatory Organization (CIRO).
- FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
Best Day Trading Platforms and Brokers in Canada 2025 Comparison
| Broker | CAD Account | CIRO Regulated | Minimum Deposit | Markets | Platforms | Leverage |
|---|---|---|---|---|---|---|
| IC Markets | ✔ | - | $200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
| Fusion Markets | ✔ | - | $0 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, cTrader, TradingView, DupliTrade | 1:500 |
| FXCC | - | - | $0 | CFDs, Forex, Indices, Commodities, Crypto | MT4 | 1:500 |
| AvaTrade | ✔ | ✔ | $300 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | 1:30 (Retail) 1:400 (Pro) |
| Qtrade | ✔ | ✔ | $0 | Stocks, ETFs, Bonds, Mutual Funds, Options, GICs | TradingCentral | - |
| FOREX.com | ✔ | ✔ | $100 | Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral | 1:50 |
IC Markets
"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
Christian Harris, Reviewer
IC Markets Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Regulator | ASIC, CySEC, FSA, CMA |
| Platforms | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
| Minimum Deposit | $200 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- IC Markets secured DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its seamless, industry-leading MetaTrader integration, refined over years to maximize the platform experience.
- As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
- IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
Cons
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
- Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
- Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
Fusion Markets
"Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC."
Fusion Markets Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Regulator | ASIC, VFSC, FSA |
| Platforms | MT4, MT5, cTrader, TradingView, DupliTrade |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
- The market analysis features, Market Buzz and Analyst Views, are great tools for discovering opportunities and conveniently integrated into the client dashboard.
- Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.
Cons
- There is no proprietary trading platform or app built with beginners in mind, a notable drawback compared to AvaTrade.
- While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US.
- Fusion Market trails alternatives, notably eToro and IG, in the education department with limited guides and live video sessions to upskill new traders.
FXCC
"FXCC continues to prove itself an excellent option for forex day traders with an extensive range of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and high leverage up to 1:500 in the ECN XL account. "
FXCC Quick Facts
| Bonus Offer | 100% First Deposit Bonus Up To $2000 |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Indices, Commodities, Crypto |
| Regulator | CySEC |
| Platforms | MT4 |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP |
Pros
- There are no restrictions on short-term trading strategies like day trading and scalping
- As an MT4 broker, FXCC offers advanced charting tools and excellent support for algo traders, especially when combined with the free VPS
- FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding
Cons
- Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView
- FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences
- There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG
AvaTrade
"AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets."
AvaTrade Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures |
| Regulator | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM |
| Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
| Minimum Deposit | $300 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (Retail) 1:400 (Pro) |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
- AvaTrade continues to enhance its suite of products, recently through AvaFutures, providing an alternative vehicle to speculate on over 35 markets with low day trading margins.
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
Cons
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
- Although the deposit process itself is smooth, AvaTrade still doesn’t facilitate crypto payments, a feature increasingly offered by brokers like TopFX, which caters to crypto-focused traders.
Qtrade
"Qtrade is a good match for Canadian traders who are looking for a reputable and regulated broker to make longer-term investments as well as leveraged trades."
William Berg, Reviewer
Qtrade Quick Facts
| Bonus Offer | $150 sign-up bonus, up to 5% cash back, unlimited free trades |
|---|---|
| Demo Account | Yes |
| Instruments | Stocks, ETFs, Bonds, Mutual Funds, Options, GICs |
| Regulator | CIRO |
| Platforms | TradingCentral |
| Minimum Deposit | $0 |
| Minimum Trade | Variable |
| Account Currencies | USD, CAD |
Pros
- Simple investor/member login process
- Offers a range of accounts to suit standard investments or various types of pension
- 100+ commission-free ETFs
Cons
- Only available to residents of Canada. So if you are residents of Dubai, the UK or Lebanon, you will not be eligible
- Limited funding options and no credit/debit card deposits
- CAD to USD exchange charge
FOREX.com
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
FOREX.com Quick Facts
| Bonus Offer | Up to $20,000 in cash back |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto |
| Regulator | NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA |
| Platforms | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:50 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
- The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
Cons
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
How To Choose A Day Trading Broker In Canada
Based on our extensive experience in the industry, there are several factors to consider before registering with a day trading broker:
Choose A Regulated And Trusted Platform
Choosing a trusted brokerage will ensure you are protected from unfair trading practices and scams, some of which have been prevalent in Canada.
One example is the Alberta couple who operated a fake investment company and defrauded victims out of $1.3 million. Fernando Honorate de Silva Fagundes and his wife, Emilia Alas-As Elansin, used a phoney investment course to lure victims based in Alberta and British Columbia.
We therefore always check whether brokers are regulated by trusted authorities, such as the Canadian Investment Regulatory Organization (CIRO), which subject firms to strict monitoring and audit procedures.
We also look out for a long track record, a strong reputation and positive client reviews, especially in cases where a CIRO license isn’t present.
- Interactive Brokers continues to lead as one of the most heavily regulated firms that accept Canadian day traders. The broker has a long 40+ year history and is licensed by the CIRO, among other Green Tier authorities.
Choose A Broker With Competitive Day Trading Fees
It’s important to choose a broker with low trading and non-trading fees. Active day traders, in particular, are likely to accrue more transaction costs which can eat into profits.
We ensure that brokers offer competitive pricing for traders, including low spreads on popular assets like USD/CAD as well as non-trading fees like deposit and withdrawal charges.
In cases where higher costs are incurred, we consider the overall quality of the broker’s services along with the day trading tools provided to justify such expenses.
- Forex.com is one of the lowest-cost brokers based on our extensive testing, with forex spreads as low as 2.2 pips on USD/CAD, plus zero commissions and no deposit or withdrawal fees.
Choose A Broker With High-Quality Charting Platforms
Trading on a stable and reliable charting platform is key for day traders who typically require a range of technical tools for uncovering short-term market opportunities.
During our hands-on tests, we look out for high-quality and varied analysis tools suitable for all trading styles and experience levels. A selection of basic technical indicators such as moving averages, as well as more sophisticated solutions such as Ichimoku Cloud, will serve both beginners and seasoned analysts.
- Forex.com maintains its position as a top day trading broker, thanks to the availability of feature-rich charting platforms, MT4 and TradingView, plus additional tools for varied requirements, including Trading Central and SMART Signals.
Choose A Broker With Diverse Market Coverage
The best online brokers in Canada offer access to a generous range of markets, including popular assets like USD/CAD, EUR/CAD or the Toronto Stock Exchange (TSX).
Most day traders aim to build a diversified trading portfolio, so we look for traditional short-term assets, alongside emerging investments that are popular in Canada, such as Cannabis stocks.
We also assess the availability of specific short-term trading vehicles, including contracts for difference (CFDs) which allow you to speculate on rising and falling prices without owning the underlying security.
- Interactive Brokers continues to offer an unmatched range of assets, with thousands of instruments from over 100 global market centers, including the Canadian Securities Exchange (CSE).
Choose A Broker With High-Quality Order Execution
Registering with a broker that delivers fast execution is vital for day trading strategies. Intraday traders require optimum conditions to secure the best chances of success, which means no latency or slippage.
The best brokers in Canada will ideally meet our execution speed benchmark of <100 milliseconds and deliver a high rate of order fulfilment.
Bear in mind that other factors can also affect execution quality, including the order size and the type of asset being traded.
For example, a large order may take more time to fill. Conversely, more liquid assets are typically easier to execute at favorable prices.
Choose A Broker That Supports Leverage And Margin Trading
Leverage trading allows you to boost your earnings with only a small initial outlay. Choosing a broker that offers sensible and flexible leverage is important for experienced day traders looking to increase their purchasing power.
For example, a broker may offer you 1:50 leverage (or 2% margin requirement) on the USD/CAD forex pair, which means if you deposit an initial sum of $1000, you have $50,000 to trade with.
However, it’s important to remember that your risk of losses also increases, so a solid risk management strategy is key. It’s also worth checking your broker’s individual margin rules.
- AvaTrade is a leading day trading platform offering transparent margin requirements. For example, the USD/CAD pair is offered with a 1.5% margin.
Choose A Broker With An Accessible Minimum Deposit
Choosing a broker with an accessible minimum deposit will ensure that you can start trading in line with your budget and financial situation. This is particularly vital for beginners with limited trading capital.
Most Canadian brokers require an initial deposit of <$500, though many of the brokers that we’ve personally tested go even lower.
- AvaTrade is a great option for Canadians since it offers a CAD account with an accessible starting deposit of 300 CAD.
Methodology
To find the best day trading platforms in Canada, we used both quantitative data and qualitative insights from our rigorous broker reviews, focusing on several factors:
- We confirmed that the broker accepts Canadian day traders.
- We checked whether the brokerage is regulated by a trusted authority, such as the CIRO.
- We prioritized brokers with competitive day trading fees.
- We favored brokers that deliver high-quality charting tools for short-term strategies.
- We checked for a wide range of assets and prioritized those with access to Canadian markets.
- We paid attention to the broker’s execution quality, including speeds and pricing.
- We focused on brokers with transparent margin and leverage requirements.
- We ensured all day trading platforms offer an accessible minimum deposit.
FAQ
Which Day Trading Brokers Accept Clients From Canada?
You can refer to our list of the best day trading brokers in Canada, many of which hold several top-tier licenses, including from the CIRO, and offer a range of assets popular in Canada.
How Much Capital Do I Need To Start Day Trading In Canada?
Most platforms that accept Canadian clients require a first deposit between $0 and $500.
We recommend that beginners opt for a low minimum deposit broker and trade only in small amounts to start with.
Who Regulates Day Trading Brokers In Canada?
The Canadian Investment Regulatory Organization (CIRO) is the authority responsible for licensing investment firms in Canada.
The CIRO works closely with Canada’s provincial umbrella organization, the Canadian Securities Administrators (CSA), which oversees the regulation of capital markets in the 10 provinces and 3 territories of Canada.
You can check your broker’s details on both the CSA and the CIRO registers.
Recommended Reading
Article Sources
- Canadian Investment Regulatory Organization (CIRO)
- Canadian Securities Administrators (CSA)
- Canadian Securities Exchange (CSE)
- Toronto Stock Exchange (TSX)
- Canadian Trading Scam
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