Compare Forex brokers in Canada

Compare up to 3 brokers side by side on all our criteria: rating, minimum deposit, fees, platforms, regulation, instruments and customer service.

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Comparison of AvaTrade, FOREX.com, Questrade
Criterion
Overall rating9.8/109.5/109.2/10
Minimum deposit$100 CAD$100 CADNone to open the account. $1,000 CAD to enable margin trading.
Spread EUR/USDFrom 0.9 pip (variable spread account)From 1.0 pip (Standard account), 0.0 pip + commission (RAW account)From 0.8 pip in optimal conditions, typically around 1.9 pip (weighted average)
CommissionsNo commission on Forex and CFD tradesStandard account: no commission. RAW account: US$7 per $100,000 lotForex: no commission (revenue from the spread). Canadian and US stocks: no commission since 2025 (Questrade Self-Directed). Options and other instruments: see the current official pricing schedule.
Main platforms
  • MT4
  • MT5
  • AvaOptions
  • AvaTradeGO
  • MT4
  • MT5
  • TradingView
  • Web Trader
  • Questrade Global
  • Questrade Edge
MT4 / MT5 / TradingView
  • MetaTrader 4: yes
  • MetaTrader 5: yes
  • TradingView: no
  • MetaTrader 4: yes
  • MetaTrader 5: yes
  • TradingView: yes
  • MetaTrader 4: no
  • MetaTrader 5: no
  • TradingView: no
RegulationCIRO (Canada)
Also: Central Bank of Ireland, ASIC, FSCA, FSA, FSC
CIRO (Canada)
Also: FCA, ASIC, CFTC/NFA, CySEC, MAS
CIRO (Canada)
CIPF / ProtectionCIPF up to $1 million CAD per account categoryCIPF up to $1 million CAD per account categoryCIPF up to $1 million CAD per account category
Lloyd's of London insurance up to $9 million CAD per account (on top of CIPF coverage)
Number of instruments
  • 55 Forex pairs
  • 60 stocks
  • 20 ETFs
  • 10 commodities
  • 25 indices
  • 10 bonds
  • 40 options
  • 80 Forex pairs
  • 2,700 stocks
  • 200 ETFs
  • 20 commodities
  • 15 indices
  • 10 bonds
  • 55 Forex pairs
  • 4,500 stocks
  • 1,200 ETFs
  • 25 commodities
  • 21 indices
  • 50 bonds
  • 100 options
Customer serviceLive chat, Email, Phone
English and French. 24 hours a day, 5 days a week (Sunday evening to Friday evening)
Live chat, Email, Phone
English and French. 24 hours a day, 5 days a week (Sunday evening to Friday evening)
Live chat, Email, Phone
English and French. Monday to Friday, 8 a.m. to 8 p.m. (Eastern Time). Reduced service on statutory holidays.
Open accountVisit AvaTrade (affiliate link) Visit FOREX.com (affiliate link) Visit Questrade (affiliate link)

The data comes from our detailed reviews and is revised at least twice a year. Read each broker's review for full details of fees and conditions.

How to read this comparison

Overall ratings are the average of 5 ratings out of 10: regulation, platforms, fees, instruments and customer service.

Trading CFDs involves a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.