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Best Forex Brokers in Canada 2026

Every broker scored for traders in Canada on cost, entry requirements, platforms, and regulation.

Updated October 17, 2026 13 screened 10 shortlisted

Updated October 17, 2026

  • Written Rafat Sany Written

The shortlist

10 brokers · updated October 17, 2026

Our top pick for Canada

Our highest-ranked match for this list, using the same facts as every broker below.

Compare the top brokers in Canada

Support, spreads, commission, swap-free, and markets — the same facts as the listings.

Broker Support Spread Commission Swap-free Markets
01 Fusion Markets logo Fusion Markets 24/7, Live Chat, Phone, Email 0.0 pips Best Not disclosed Available Not disclosed
02 Interactive Brokers logo Interactive Brokers Phone, Email 0.1 pips Not disclosed Not available Not disclosed
03 XM logo XM Live Chat, Phone, Email 0.6 pips Not disclosed Not available Not disclosed
04 TMGM logo TMGM 24/7, Live Chat, Phone, Email 0.0 pips Not disclosed Not available Not disclosed
05 BlackBull logo BlackBull 24/7, Live Chat, Phone, Email 0.0 pips Not disclosed Not available Not disclosed
06 InstaForex logo InstaForex 24/7, Live Chat, Email 0.0 pips Not disclosed Available Not disclosed
07 FXPro logo FXPro Live Chat, Phone, Email 0.3 pips Not disclosed Not available Not disclosed
08 Axi logo Axi Live Chat, Phone, Email 0.7 pips Not disclosed Not available Not disclosed
09 switchmarkets logo switchmarkets Live Chat, Email, WhatsApp 0.0 pips Not disclosed Available Not disclosed
10 MC-Prime Broker logo MC-Prime Broker 24/7, Live Chat, Phone, Email 0.4 pips Not disclosed Not available Not disclosed

What we weighted for Canada

Weights are unique to this list. Missing data is dropped, not scored as zero.

  1. 30% Trust & regulation

    Licence quality, number of regulators, and our published trust score.

  2. 24% Trading cost

    Headline spread on major FX pairs and the broker’s overall fee class.

  3. 18% Entry cost

    How much you need to fund the account before you can place a trade.

  4. 16% Platforms

    Breadth of trading platforms, including MetaTrader and cTrader support.

  5. 12% Flexibility

    Swap-free options, demo access, VPS hosting, and leverage headroom.

How the shortlist scores

Broker Trust & regulation Trading cost Entry cost Platforms Flexibility Overall
1 Fusion Markets 9.2 10.0 10.0 10.0 8.0 9.5
2 Interactive Brokers 10.0 9.4 10.0 7.4 5.8 8.9
3 XM 9.2 7.8 9.6 7.5 7.6 8.5
4 TMGM 9.2 10.0 6.0 8.3 6.6 8.4
5 BlackBull 5.5 10.0 10.0 9.6 7.4 8.3

Every broker on the Canada shortlist

Each broker is listed with the same facts. Unverified figures are marked as not disclosed.

01

Fusion Markets Top pick

Fusion Markets is a low-cost ECN forex and CFD broker founded in 2017, offering 250+ instruments including 90+ forex pairs, commodities, indices, and crypto CFDs. Regulated by ASIC, VFSC, and FSA (Seychelles), it features ultra-tight spreads from 0.0 pips, $2.25 per side commissions, and no minimum deposit for global traders.

Account types
Not disclosed
Support
24/7, Live Chat, Phone, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Available Islamic account
Markets
Not disclosed
02

Interactive Brokers

A globally recognized brokerage platform offering low-cost trading across stocks, options, futures, forex, and more, with advanced tools designed for active traders and professionals. It provides direct market access, powerful risk management features, and institutional-grade execution quality.

Account types
8
Support
Phone, Email
Spread
0.1 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
03

XM

XM is a globally trusted forex and CFD broker founded in 2009, serving over 3.5 million clients in 196 countries. Regulated by top-tier authorities like CySEC and ASIC, it offers competitive spreads from 0.6 pips, leverage up to 1:1000 (region-dependent), and 1,000+ instruments including forex, stocks, commodities, and cryptos. Ideal for beginners and pros with low $5 minimum deposits, negative balance protection, and robust education tools for informed trading.

Account types
Not disclosed
Support
Live Chat, Phone, Email
Spread
0.6 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
04

TMGM

TMGM, founded in 2013, is a globally recognized forex and CFD broker regulated by ASIC, FMA, VFSC, and FSC. Offering over 12,000 tradable instruments, including forex, indices, stocks, and cryptocurrencies, TMGM provides tight spreads from 0.0 pips, leverage up to 1:1000, and platforms like MetaTrader 4, MetaTrader 5, and IRESS. With a low $100 minimum deposit and robust customer support, it’s ideal for both beginners and experienced traders.

Account types
Not disclosed
Support
24/7, Live Chat, Phone, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
05

BlackBull

Founded in 2014, BlackBull Markets is a multi-award-winning ECN broker based in New Zealand, delivering institutional-grade trading conditions to retail traders. With access to over 26,000 tradable instruments including forex, stocks, CFDs, commodities, and cryptocurrencies, it offers lightning-fast execution speeds (under 75ms average), raw spreads from 0.0 pips, leverage up to 1:500, and no minimum deposit on most accounts. Powered by Equinix servers in NY4, LD5, and TY3, BlackBull provides deep liquidity, segregated client funds, and 24/7 support. It's ideal for scalpers, algo traders, and high-volume professionals, with platforms like MT4, MT5, cTrader, and TradingView. Regulated by FMA (New Zealand) and FSA (Seychelles), it ensures secure, transparent trading for beginners to experts.

Account types
Not disclosed
Support
24/7, Live Chat, Phone, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
06

InstaForex

InstaForex, established in 2007, is a globally recognized forex and CFD broker regulated by the BVI FSC. Offering MetaTrader 4 and 5, it provides competitive spreads, high leverage, and innovative features like PAMM and ForexCopy for social trading. Ideal for beginners and experienced traders.

Account types
Not disclosed
Support
24/7, Live Chat, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Available Islamic account
Markets
Not disclosed
07

FXPro

FXPro is a highly respected forex broker offering a wide range of trading instruments, competitive spreads, and exceptional customer support. It is trusted by traders worldwide for its robust trading platforms and comprehensive educational resources.

Account types
Not disclosed
Support
Live Chat, Phone, Email
Spread
0.3 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
08

Axi

Axi is a globally trusted forex and CFD broker founded in 2007, offering ultra-low spreads, lightning-fast trade execution, and advanced tools via MetaTrader 4. With licenses in top jurisdictions and a focus on trader success, Axi is ideal for both beginners and professionals.

Account types
Not disclosed
Support
Live Chat, Phone, Email
Spread
0.7 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
09

switchmarkets

Switch Markets is a trusted ASIC-regulated forex and CFD broker founded in 2019, offering over 1,000 tradable instruments including forex pairs, indices, commodities, shares, and cryptocurrencies. With lightning-fast execution, spreads from 0.0 pips, and leverage up to 1:1000, it's ideal for beginners and pros seeking low-cost, high-leverage trading. Enjoy free VPS hosting, MT4 platform support, and 24/5 multilingual customer service. Not available in the USA, Iran, Yemen, North Korea, or Cyprus. Client funds are segregated for maximum security.

Account types
Not disclosed
Support
Live Chat, Email, WhatsApp
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Available Islamic account
Markets
Not disclosed
10

MC-Prime Broker

MC-Prime Broker is a dynamic online trading platform offering forex, CFDs, and commodities trading with competitive spreads and flexible leverage. Regulated by trusted authorities, it provides access to MetaTrader 4, MetaTrader 5, and a proprietary WebTrader, catering to both novice and experienced traders. With a low minimum deposit and robust mobile trading options, MC-Prime is a solid choice for traders seeking affordability and advanced tools.

Account types
Not disclosed
Support
24/7, Live Chat, Phone, Email
Spread
0.4 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed

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Everything on BrokersCourt is based on verified broker data and independent research. We may receive compensation from brokers we feature, which never affects how they are scored. Trading forex and CFDs carries significant risk of loss.