Best CFD Brokers in Canada 2022


If you're looking for the best CFD brokers in Canada, you've come to the right place. Here, we'll list some of the top brokers in the country so that you can make an informed decision about which one is right for you. CFDs (contracts for difference) are a type of investment vehicle that allow investors to trade on the price of assets without having to actually own them. This can be a great way to diversify your portfolio and maximize your profits.

How to Choose CFD Brokers in Canada?

There are a few things to keep in mind when choosing a CFD broker, such as the fees charged, the platform offered, and the level of customer service. We've done the research for you and compiled a list of some of the best CFD brokers in Canada so that you can choose the one that's right for you.

Fees: The first thing to consider when choosing a CFD broker is the fees charged. Some brokers charge commission on each trade, while others charge a flat fee per transaction. Make sure to compare the fees charged by different brokers before making your decision.

Regulations: Another important thing to consider is the regulation of the broker. In Canada, CFD brokers must be registered with the Investment Industry Regulatory Organization of Canada (IIROC). If not by IIROC, find brokers that are regulated by reputable regulatory authorities and accept Canadian traders. This ensures that they are subject to strict regulations and oversight.

Platform: Another important factor to consider is the platform offered by the broker. Some platforms are more user-friendly than others, so it's important to find one that you're comfortable using. Make sure to test out the platform before committing to a broker.

Products: When choosing a CFD broker, you should also consider the products offered. Some brokers only offer a limited selection of assets, while others offer a wide range of asset classes. Make sure to choose a broker that offers the assets that you're interested in trading.

Customer Service: Finally, it's important to consider the level of customer service offered by the broker. You should be able to get in touch with a customer service representative easily if you have any questions or concerns. Make sure to test out the customer service before committing to a broker.

We hope this list of the best CFD brokers in Canada has been helpful. Remember, there are a few things to keep in mind when choosing a broker, such as fees, platform, and customer service. 

Best CFD Brokers in Canada

Finding a reliable CFD broker is a exhausting and time consuming task. Don't worry we have made your job easier by doing extensive research. We have picked top 4 CFD Brokers for Canadian Traders. 

- FP Markets

- AvaTrade 

- Plus500

- easyMarkets

FP Markets

FP Markets is an international Forex and CFD broker with offices in Australia, Cyprus and Norway. The company provides online trading services to clients around the world. FP Markets offers a wide range of currency pairs, indices, commodities and other financial instruments for trading.

FP Markets Logo

image credit: FP Markets

FP Markets Regulations

FP Markets is a multi-licensed broker, regulated by reputable regulatory bodies. The broker is regulated by the following regulatory authorities:

Australia: FP Markets is regulated by ASIC In Australia.

Cyprus: FP Markets is also authorised and regulated by the Cyprus Securities and Exchange Commission.

Global Operation: FP Markets LLC is also a registered business of St. Vincent and the Grenadines.

Trading Platforms at FP Markets

FP Markets offers a wide range of trading platforms, including MT4, MT5 and web Trader. The company also provides apps for Android and iOS devices.

FP Markets Products

FP Markets offers more than 10,000 trading instruments, including currency pairs, bonds, gold, silver, commodities, indices and CFDs in crypto. The company provides a variety of account types, including standard, raw and demo accounts. FP Markets also offers 1:500 leverage for Forex trading.

FP Markets Cost

FP Markets doesn't have any deposit fees. The minimum deposit for FP Markets is $100. Most methods of deposit are immediate, except for bank transfers, which can take up 3 to 5 days. For withdrawals, it's also free. 

However, the company might charge a commission for wire transfers.The Commission for Standard Account is zero. The Raw Account Commission amounts to 3 dollars per side, per standard lot. FP Markets spreads on Standard accounts start at 1.0 pip. For the Raw Account, Spreads begin at zero pip.

Markets Customer Support

FP Markets customer support is available 24/7. You can reach FP Markets customer support through several methods, such as live chat, telephone Telegram, live chat, or email. The most efficient method is to reach them through the live chat feature or by phone.

Read Full Review of FP Markets

FP Markets Pros and Cons

Pros

- ECN execution

- Over 10,000 tradable instruments

- Low spreads on forex currency pairs

- Fast deposit and withdrawal processing

Cons

- High stock CFD fees

- Outdated desktop and web platforms

If want to trade with FP Markets, you can click this link:

AvaTrade

AvaTrade is a popular CFD broker in Canada that offers a wide range of products. It was established in 2006 and has been shown to be a reliable and customer-oriented company.

AvaTrade logo

image credit: AvaTrade

AvaTrade Regulations

AvaTrade is licensed and regulated by various regulatory authorities across the globe:

Ireland & Cyprus: Avatrade is regulated by the Central Bank of Ireland and Cyprus Securities and Exchange Commission in Europe.

Poland: AvaTrade is regulated by the Polish Financial Supervision Authority.

Australia: AvaTrade is regulated by ASIC in Australia.

The Global AvaTrade has been supervised by the British Virgin Islands Financial Services Commission for its global operations.

Japan: AvaTrade is regulated by the Financial Services Agency and Financial Futures Association of Japan in Japan.

Middle East: AvaTrade is subject to the supervision of Financial Regulatory Services Authority (FRSA) for the Middle East

Israel: AvaTrade is regulated by the Israel Securities Authority in Israel.

AvaTrade Trading Platforms

The broker provides a variety of trading platforms that are manual including the well-known MetaTrader 4. MetaTrader 5, WebTrader, AvaOptions for options trading as well as AvaTradeGo for trading on the go. Automated trading is supported by DulpiTrade as well as ZuluTrade.

AvaTrade Products

AvaTrade provides a wide range of products including 55 Forex pairs, and options, 14 cryptocurrencies, CFDs of stocks of major corporations around the globe, ETFs, bonds, indices and commodities. Spreads start at zero and leverage can be as high as 1:400.

AvaTrade Cost

AvaTrade does not have any fees or charges on transactions. They earn profits through swaps and spreads derived in the trading itself. 

The minimum deposit threshold is $100 in your base currency. When you withdraw funds to credit cards or e-wallets, the minimum amount is 1 base currency for the account. When making a bank transfer withdrawal, the minimum amount is $100 in base currencies.

AvaTrade Customer Support

AvaTrade provides customer service 24/5 in 15 languages through live chat, email, and telephone. The broker also has a ticketing system and an extensive FAQ section on its website.

Read Full Review of AvaTrade

Pros and Pros and AvaTrade

Pros

√ Lot of instruments are offered.

√ Multi-platform trading platform including AvaTradeGO.

√ AvaTrade allows EAs

√ Competitive spreads and leverage

√ AvaTrade is licensed in multiple justifications.

Cons

- AvaTrade restrictes their services to Belgium, Brazil, Democratic People's Republic of Korea (DPRK), New Zealand, Turkey, USA.

If you want to trade with AvaTrade, You can do so by clicking the following link:

Plus500

Plus500 is a well-known online broker that offers trading in a wide range of financial instruments, including forex, CFDs, and cryptocurrencies. The company is listed on the London Stock Exchange. Plus500 has been operational since 2008 and has a large number of satisfied clients from all over the world.

Plus500

image credit: Plus500

Plus500 Regulations

Plus500 is regulated by different reputable regulatory authorities around the world.

United Kingdom: Plus500UK Ltd is authorized & regulated by FCA.

Cyprus: Plus500CY Ltd is authorized & regulated by CySEC.

Singapore: Plus500SG Pte Ltd, is licensed and regulated by MAS (Monetary Authority of Singapore).

Australia: Plus500AU Pty Ltd (ACN 153301681) is licensed by ASIC.

New Zealand: Plus500 is also regulated by FMA (Financial Markets Authority).

South Africa: Plus500 is authorised by FSCA. 

Seychelles: Plus500SEY Ltd is authorized & regulated by the Seychelles Financial Services Authority. 

Plus500 Trading Platforms

Plus500 offers a web-based trading platform and mobile apps for Android and iOS devices. The web-based trading platform is simple and easy to use, with a user-friendly interface. The mobile apps are also well designed and offer all the features of the web-based platform.

Plus500 Products

Plus500 offers a wide range of financial instruments for trading, including forex, CFDs, and cryptocurrencies. The company is one of the few brokers that offer a demo account with virtual money, so that new clients can try out the platform before investing real money. 

Plus500 Cost

Plus500 charges a commission on trades, but the commissions are very competitive. The company also offers a number of promotions and bonuses, which can lower the cost of trading. They charge inactivity fees of $10 per month if any account is inactive for more than three months.

Plus500 Customer Support

Plus500 has a very good customer service, with multilingual support available 24/7. The company also has a well-designed FAQ section on its website.

Read Full Review of Plus500

Plus500 Pros & Cons

Pros

√ Well-known and reputable broker

√ Listed on the London Stock Exchange

√ Wide range of financial instruments for trading

√ Competitive commissions 

Cons

- Does not accept clients from the USA

- Limited range of cryptocurrencies for trading.

If want to trade with Plus500, you can click this link:

easyMarkets

easyMarkets is a world-leading online trading provider, with over 200,000 clients in over 160 countries. easyMarkets is a trademark of EF Worldwide Ltd. easyMarkets is the official partner of Real Madrid C.F

easymarkets review

image credit: easyMarkets

easyMarkets Regulations

easyMarkets is a Multi licensed and regulated CFD Brokers.

Cyprus: The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.

UK: easyMarkets is also regulated by the Financial Conduct Authority (FCA). 

Australia: easyMarkets is also registered with the Australian Securities and Investments Commission (ASIC).

easyMarkets Trading Platforms

easyMarkets has its own proprietary web trading platform called easyMarkets Platform. They also have industry standard MT4 and MT5. easyMarkets also has integration with the TradingView platform.

They also have a proprietary mobile app for both android and iOS. 

easyMarkets Products

easyMarkets offers a range of products which include Forex,  CFDs, metals and commodities.

easyMarkets offers Forex trading with over 60 currency pairs to choose from. 

easyMarkets provides stock CFDs from US, EU, AU, Japan and Hong Kong shares. 

easyMarkets offers 17 Crypto to USD pairs. Traders can also trade gold, silver, platinum, palladium, copper, crude oil, natural gas, agricultural commodities and Indices.

easyMarkets offers three types of Live account along with Demo Account. Live accounts are VIP, Premium and Standard accounts.

easyMarkets Cost

easyMarkets does not charge any deposit and withdrawal fee.

They don't have any commission for trading. For easyMarkets web platform and MT4, spreads are fixed which starts from 0.8 pips to 1.7 pips depending on account types. On MT5, they offer variable Spreads which start from 0.6 pips.

easyMarkets Customer Support

easyMarkets has a phone, email and a FAQ section to answer many of your queries. 

They also have a live chat option along with Facebook Messenger, Whatsapp, Viber. I have tried their live chat option, and they were quick to answer my queries. Live support is available 24/5 from Monday to Friday.

Read Full Review of easyMarkets

easyMarkets Pros and Cons

Pros

√ It is a fully licensed and regulated broker

√ They offer competitive spreads and no commissions

√ An wide range of leverage levels, from 1:1 up to 1:500

√ Various deposit and withdrawal methods, including credit/debit cards, bank transfers and e-wallets

Cons

- Comparatively High spreads

- easyMarkets doesn't allow hedging 

If want to trade with easyMarkets, you can click this link:

Conclusion 

CFD trading is becoming increasingly popular in Canada. This is because it offers traders a number of advantages, including the ability to trade on margin and the opportunity to profit from both rising and falling markets. However, finding a reliable CFD broker can be an exhausting and time consuming task. That's where we come in. We have provided you with four of the best brokers for Canadian traders, so you can rest assured that you are making the right decision when choosing a broker. Have you tried any of these brokers? What has been your experience? Let us know in the comments below.