Best CFD Trading Platforms and Brokers in Canada
CFD brokers in Canada are a popular option with local traders. Investors can access thousands of financial instruments through CFD platforms within one of the safest regulatory environments in the world.
This page will list the best CFD providers in Canada, as well as explaining what to look for in Canadian CFD platforms, including fees, regulatory status, market access and more.
Top 6 CFD Brokers In Canada
These are the 6 best CFD brokers for traders in Canada:
This is why we think these brokers are the best in this category in 2025:
- IC Markets - You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike.
- Fusion Markets - You can go long or short on a range of CFDs covering forex, commodities, shares, indices and cryptos. High leverage up to 1:500 is available for experienced traders in some locations, whilst beginners will appreciate access to micro-lots. There are no restrictions on short-term trading strategies using CFDs.
- FXCC - FXCC offers a narrow range of CFDs beyond forex with a limited selection of metals, energies, indices and cryptos. However, it stands out with its high leverage up to 1:500, which will serve experienced day traders looking to maximize their buying power while speculating on rising and falling prices.
- AvaTrade - AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. What we love is that you can speculate on rising and falling prices in the broker’s feature-rich web and mobile platforms with market-leading research tools to help you discover short-term trading opportunities.
- FOREX.com - With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious day traders.
- CMC Markets - CMC lets you trade CFDs on 12,000+ assets across currencies, indices, commodities, shares, ETFs and treasuries. Spreads are relatively tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market.
Best CFD Trading Platforms and Brokers in Canada Comparison
| Broker | CFD Leverage | Minimum Deposit | Minimum Trade | Regulators |
|---|---|---|---|---|
| IC Markets | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | $200 | 0.01 Lots | ASIC, CySEC, FSA, CMA |
| Fusion Markets | 1:500 | $0 | 0.01 Lots | ASIC, VFSC, FSA |
| FXCC | 1:500 | $0 | 0.01 Lots | CySEC |
| AvaTrade | 1:30 (Retail) 1:400 (Pro) | $300 | 0.01 Lots | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM |
| FOREX.com | 1:50 | $100 | 0.01 Lots | NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA |
| CMC Markets | 1:30 (Retail), 1:500 (Pro) | $0 | 0.01 Lots | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
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
| FTSE Spread | 1.0 |
|---|---|
| GBPUSD Spread | 0.23 |
| Stocks Spread | 0.02 |
| Leverage | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
| Regulator | ASIC, CySEC, FSA, CMA |
| Platforms | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
- You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
- IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
Cons
- 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.
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
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
| FTSE Spread | 1.0 |
|---|---|
| GBPUSD Spread | 0.13 |
| Stocks Spread | 0.01 |
| Leverage | 1:500 |
| Regulator | ASIC, VFSC, FSA |
| Platforms | MT4, MT5, cTrader, TradingView, DupliTrade |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
- Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.
- Average execution speeds of around 37 milliseconds are noticeably faster than many rivals and can help day traders secure optimal prices in fast-moving markets.
Cons
- While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US.
- There is no proprietary trading platform or app built with beginners in mind, a notable drawback compared to AvaTrade.
- 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 |
|---|---|
| FTSE Spread | Variable |
| GBPUSD Spread | 1.0 |
| Stocks Spread | NA |
| Leverage | 1:500 |
| Regulator | CySEC |
| Platforms | MT4 |
| Account Currencies | USD, EUR, GBP |
Pros
- 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
- There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders
Cons
- FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences
- High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
- Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView
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
| FTSE Spread | 0.5 |
|---|---|
| GBPUSD Spread | 1.5 |
| Stocks Spread | 0.13 |
| Leverage | 1:30 (Retail) 1:400 (Pro) |
| Regulator | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM |
| Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
- 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.
- 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.
Cons
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- 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.
- 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.
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 |
|---|---|
| FTSE Spread | 1.0 |
| GBPUSD Spread | 1.3 |
| Stocks Spread | 0.14 |
| Leverage | 1:50 |
| Regulator | NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA |
| Platforms | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
- With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
- 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
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
CMC Markets
"With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels. "
CMC Markets Quick Facts
| FTSE Spread | 1 pt |
|---|---|
| GBPUSD Spread | 0.9 |
| Stocks Spread | 0.02 |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Regulator | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
| Platforms | Web, MT4 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN |
Pros
- CMC offers excellent pricing, including tight spreads and low trading fees for all but stock CFDs. The Alpha and Price+ schemes also offer perks for active traders with up to 40% discounts on spreads.
- CMC Markets is heavily regulated by reputable financial authorities and maintains its stellar reputation, helping to ensure a secure and trustworthy trading environment.
- The web platform delivers a fantastic user experience with advanced charting tools for day trading and customizable features, catering to both beginners and experienced traders. MT4 (but not MT5) is also supported.
Cons
- The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
- An inactivity fee of $10 per month is applied after 12 months of inactivity, which may deter casual investors.
- While CMC offers an above-average suite of assets, there is no support for trading real stocks and UK clients can’t trade cryptocurrencies.
What Is A CFD?
A Contract For Difference (CFD) is a type of derivative investment that allows traders to benefit from market fluctuations without owning the underlying asset. They are an agreement between an investor and a CFD broker to pay the difference between the initial and closing price of a position.
CFDs have been available to Canadian retail investors since October 2009, though there has been a recent rise in the number of CFD providers operating in the country.
This popularity has been driven by the straightforward, low-cost access to markets provided by CFD brokers in Canada. Traders are given exposure to the full value of an asset without having to put up the whole amount or own the underlying asset.
How CFD Brokers In Canada Work
Most Canadian CFD brokers offer a free, user-friendly platform that provides clients with a long list of assets, plus the ability to carry out market analysis and execute orders. Some of the most useful functions, which are generally offered by the best CFD brokers in Canada are a range of order types and a good selection of charts, indicators and automated trading tools.
The leading CFD providers in Canada offer access to thousands of financial instruments. These might include forex pairs with the CAD, cryptocurrencies like Bitcoin, stock indices, commodities, individual shares and treasury bonds.
How To Compare CFD Brokers In Canada
Finding the best Canadian CFD broker is a subjective journey, as everyone has different requirements and goals. Some important things to look for when choosing a CFD platform based in Canada or overseas include:
Fees
Most CFD brokers in Canada make money through spreads, so for you to break even, your chosen security will need to rise by at least the spread amount. It then follows that lower spreads will provide you with more earning potential. CFD brokers in Canada can offer spreads as low as 0.2 pips on major currency pairs like EUR/USD.
There may also be other charges, such as trading fees, minimum deposits, withdrawal fees or commissions. Users should aim to consider all costs from initial deposit through to withdrawal when comparing the fee structures of different brokers.
Leverage
CFD brokers in Canada are popular because traders can access high exposure levels through leveraged trading. For instance, leverage of 1:30 on the USD/CAD means you can multiply your buying power and results (profits and losses) 30x.
Maximum leverage levels at Canadian regulated brokers are typically lower than offshore firms which may offer leverage of 1:1000 and upwards, seriously amplifying the risk of large losses. Still, risk management is essential for all investors trading with leverage.
Market Access
CFD brokers in Canada offer a wide range of CFD instruments. Be sure to opt for a broker that gives access to the markets you are interested in. The best CFD providers in Canada will allow CFD trading on forex pairs such as EUR/USD and GBP/USD, cryptocurrencies, stock indices, commodities, shares, treasury bonds and more.
Canadian Regulation
The top CFD brokers in Canada operate under strict local regulation by the Canadian Investment Regulatory Organization (CIRO) – a ‘green-tier’ regulator in line with our Trust Rating.
Opening an account with a CIRO-regulated broker automatically provides membership to the Canadian Investor Protection Fund (CIPF), which offers traders impressive levels of protection. This includes cover against broker insolvency with reimbursements up to 1 million CAD.
If you open an account with a broker based elsewhere, check that they’re licensed by a reputable overseas agency, such as the Financial Conduct Authority (FCA). This will help you avoid any online scams.
Bonuses
It is common for CFD brokers to offer referral scheme rewards, through which users can typically earn around $250 by referring customers who open CFD accounts. The tight regulation in Canada does limit promotions and bonuses that CFD brokers can offer, so be wary of those with deals that seem too good to be true.
Accounts
The best CFD brokers in Canada offer a variety of account types that cater to traders of differing needs. When choosing a platform, be sure to make a thorough comparison to pick the account type best suited to your requirements. Common characteristics that vary are minimum deposits and lot sizes, spreads and available instruments.
Platforms
MetaTrader 4 (MT4), MetaTrader 5 (MT5), and NinjaTrader are the most popular platforms offered by Canadian CFD brokers. Mobile apps and web trader options are also widely available. Different platforms may also be better suited to your needs, depending on your trading style and frequency. Compare features like technical analysis tools and automated trading options when deciding which is the best broker for you.
Mobile Apps
CFD positions are often held over short timeframes, sometimes only a few hours. A mobile app will allow you to take advantage of short-term market fluctuations as you will always have your platform to hand.
The best CFD brokers in Canada have developed their own applications that replicate the functionality of traditional desktop platforms, and most will offer MT4 and MT5 mobile apps that can be downloaded alongside proprietary software.
Tools
Traders should keep an eye out for Canadian CFD providers that offer a range of advanced tools, such as customizable indicators and algorithmic trading features. These tools will help you improve your investing techniques and understanding of the markets. The top platforms also offer extensive tutorials and educational materials, which are a great way for beginners to improve their strategies.
Customer Support
Should you run into any problems or have an important question, you’ll want to be with a Canadian CFD broker that has active customer support. The best CFD brokers in Canada offer 24/5 live chat as well as email, telephone and fax contact options. User reviews on sites like Trustpilot are a great way to gauge the reputation of a broker’s customer service.
Deposits & Withdrawals
The top CFD brokers in Canada allow users to make payments and deposits through a variety of means. These will typically include credit/debit cards, bank transfers, PayPal and e-wallets like Skrill or Neteller.
Find a platform that allows straightforward withdrawal options, ideally with low fees. The ease with which you can deposit and withdraw will improve your overall experience and lower transfer charges will maximize your profit margins.
Taxes
If you are using a CFD broker in Canada, you may be subject to Canadian tax rules. Depending on how you complete your tax return and other factors, your profits will either come under capital gain tax or business income tax. If you are reporting your profits as business income tax, you will be able to deduct any losses.
Consult a local tax advisor to get tailored information about reporting your profits.
Final Word
As well as offering access to a wide variety of markets and securities, CFD brokers in Canada are highly regulated, which means they are among the safest in the world. The strict regulation affords users impressive protection of up to 1 million CAD. However, you may still be opening yourself up to risks if you intend to use high leverage rates for your strategies.
Each provider will offer different fees, market access, platforms and more, so make a thorough comparison of our list of the best CFD brokers in Canada to find the platform that’s right for you.
FAQs
What Is The Best CFD Broker In Canada?
When choosing the top CFD broker in Canada it is important to consider factors such as fees, market access, customer support and available platforms. We have compiled a list of the best CFD brokers in Canada here.
Is It Legal To Have A CFD Broker In Canada?
Yes, CFD brokers are legal in Canada but they must be registered with the Canadian Investment Regulatory Organization (CIRO). The CIRO has a list of the registered brokers on its website. Alternatively, you can open a CFD account with an offshore platform, though this carries greater risks.
What Are The Advantages Of Having A CFD Broker In Canada?
The regulatory environment in Canada is relatively secure. Clients of CFD brokers in Canada are protected up to 1 million CAD under the Canadian Investor Protection Fund (CIPF). However, strict leverage limitations are in place that may cause difficulties for margin trading strategies.
Do I Pay Tax If I Have A CFD Broker In Canada?
If you make a profit with a CFD broker in Canada, you may have to pay capital gains or business income tax. This must be paid before the end of the tax year on December 31st. You should speak to a local tax advisor for more information.
What Assets Can You Trade With A CFD Broker In Canada?
CFD brokers in Canada offer traders a wide variety of assets to speculate on. These will typically include forex pairs such as USD/CAD and EUR/CAD, cryptocurrencies like Bitcoin, stock indices, commodities, shares and bonds.