All brokers

Best Forex Brokers in Canada — Full 2026 Rankings

Every broker below is a CIRO member with CIPF protection. Rankings follow our published methodology and are updated monthly.

RankBrokerRatingAccount

#1

OC OANDA Canada

Best overall · No minimum deposit

+ No minimum deposit

9.6/10

★★★★★

C$0 minimum depositTrade from any account size

#2

FC FOREX.com Canada

Best for MT4 & MT5

+ MT5 available

9.4/10

★★★★★

Full MetaTrader suiteMT4 & MT5 supported

#3

IB Interactive Brokers Canada

Best for professionals · Lowest costs

+ Institutional pricing

9.2/10

★★★★★

Interbank-style pricingCommission-based FX

#4

CM CMC Markets Canada

Lowest spreads · Most pairs

+ 300+ FX pairs

9.1/10

★★★★★

Widest pair selection300+ forex pairs

#5

FD Friedberg Direct (AvaTrade)

Best for beginners

+ Fixed spreads available

8.9/10

★★★★★

Fixed spread accountsPredictable trading costs

Read the full expert review for any broker, or see our methodology.