Forex Brokers in Canada
Canada may not be famous as a country of origin for the biggest Forex brokers, but, nevertheless, it is a chosen location for offices of some foreign exchange companies. Strict regulatory environment makes Canada an attractive jurisdiction to brokers that value safety of funds and reduced risks for traders. Here you will find a list of brokers that either chose to open an office in this country, were founded here, or are regulated by the CIRO (formerly known as IIROC). The traders' funds at Canadian brokers are often protected by the Canadian Investor Protection Fund (CIPF). Canadian Forex brokers are open to residents of almost every country in the world. You will find 9 brokers listed in the table below.
When you are to choose a broker by its location or jurisdiction of its regulation, these reasons may turn your attention towards a Canadian one:
- You reside in Canada. You will get better and faster service from a local company. It might also be a real problem to find a foreign broker who will take a Canadian trader.
- You believe that the Canadian FX regulatory laws would mean better protection of your rights as a currency trader.
- You don't need to use high levearage in your trading strategy.
