Recently we have received a lot of queries from our visitors from different parts of the world searching for top 10 Canada Forex Brokers. People have been searching for legitimate brokerage firms that offer the best trading environment and are rated best as per industry standards. So keeping the needs and demands of the aspiring Forex traders, we have incorporated several details below that can help you find the best merchant operating in the Canadian financial market.
Mentioned below is a comprehensive guide where you will find every detail you have been searching about for different blogs and other forum sites. All your needs would be satisfied under one roof over here and you need not have to visit any further website!
Top 10 Canada Forex Brokers: Brief Overview
Mentioned below are two of the very best Forex brokers that accept Canada-based residents for trading in the FX market. These merchants are rated best in the industry and have very good customer base all over Canada and other parts of the world. These brokers are known for their good trading platform and excellent customer service. A general overview of the brokers is mentioned under the following headings below:
- Plus500: It is one of the very best brokerage firms that you would ever come across in the financial market. It
was founded in 1999 and is regulated by agencies like CYSEC, FCA and ASIC. It offers expertise in trading Forex, commodities, indices, shares and ETF. The minimum deposit size is 100 Euros and it offers language support in English and Arabic. The minimum deal size is 5,000 lots and maximum leverage is 1:200. MT4 is the primary trade platform offered by the broker with 3 different versions namely web-based, downloadable and mobile trading. There is only one type of trading account that requires a minimum fee of $100. Fixed spreads start from 2.0 pips and offer sophisticated tools for trading online.
- IC Markets: It is one of the oldest brokerage firms that were incorporated way back in 2006. It has approximately one decade of quality service and a great customer base to vouch for its credentials. Assets index is pretty exhaustive and one can trade in financial instruments across 49 different types of currency pairs. Support is made available in 49 different languages and this shows the commitment level of the broker adhering to the needs of customers from all over the world. It offers a single trading platform named MT4 which is available on the web as well as downloadable version. Leverage ratio can be as high as 200:1 and the merchant offer other trading benefits like no commission and in-depth market analysis.
Trading from Canada is Easy in FX Market
There are certain nations that have weird laws that restrict its citizens from entering the Forex market and make money online. However, there is no such taboo with the Canadian government and you are free to open a trading account with any of the top Canada Forex Brokers mentioned above. These brokers are best in the industry and offer reliable service. All you need is to sign up with the broker and open a trading account. It just takes less than 5 minutes to open a live account and you would be good to start placing trades immediately. At the same time, you will be eligible for some nice Welcome Bonus plans and other promotions that can give you easy money and the capital needed for investment in Forex market.
When you sign up with the brokerage firms mentioned over here, you can rest assured that you will get best services in return. There are no payment hassles and all the funds are settled immediately. You can take advantage of myriad payment options like credit/debit card, MasterCard, Visa and electronic wire transfer for your deposits and withdrawals. You should know that the deposits are acknowledged immediately while withdrawals take around 3-5 days time to arrive in your bank account. Money transaction is hassle free and there are no fees or commissions charged by the broker concerned.
Top 10 Canadian Forex Brokers: Important Service to Look For
The services and trade benefits offered to the individual customer varies from one broker to another. Before you finally settle down with your favourite merchant, there are certain things you need to look out for. The same is discussed under the following headings below:
- There are certain merchants who ask for commissions or spread for every trade transaction you make for your Forex investment. On the other hand, there are firms who do not charge commission. Your primary concern would be to search for those institutes that do not ask for any sort of commission. Even if they ask for some sort of fees, make sure that it is not more than 15 percent.
- Customer support is another important criterion that you should look for when searching for a legitimate Canadian FX broker. Make sure that the merchant is able to offer good service in the form of live chats, telephone calls, email support etc so that you have no troubles in settling your queries fast. Give a test run to the broker’s customer service and see whether you are satisfied or not.
- Nothing is better than the broker offering a refund in the event if you lose a given trade. Ask the merchant about this feature in the first place because it has overwhelming results in the long run. If you are offered a refund amount, you need to make sure that it should be at least 15% of the total cost of the trade so that the loss is made viable to you and you are able to earn a nice incentive in return.
Forex trading is regarded as one of the most profitable investments in the present time. One can make quick returns in a reasonable period of time and get filthy rich. But in order to taste success, it is imperative that you must have a legitimate and reliable broker at your services who can guide you well. When you get online, you will find hundreds of Canada Forex Brokers who are willing to offer the best services. The important thing is choosing the best one who offers a safe journey in the FX market without any kind of financial hiccups. It is imperative to do some research at your end before you arrive at your choice of broker. At the same time, you are advised to stay away from fraudulent agencies that are meant to promote spam online.
In order to avoid the hardship in selecting a broker, we offer you a comprehensive list of best-rated Forex merchants operating in the Canadian market. You can sign up with any of the brokers mentioned above and start trading. These merchants are the best in business and have carved a niche for itself in the industry. Open a trading account today itself and give a boost to your financial career today itself!