Finding a Forex Broker in Canada

There are many different forex brokers out there.

Some are really good and reputable. Others are shady and need to be avoided.

There are certainly a good number of reputable online forex brokers currently operating in Canada that deserve your business, however I can only speak on the two companies that I have actually traded with.

If I were to recommend a company that I hadn't personally tried, then it would just be an empty recommendation.

The two companies below are companies that I have actually traded with for years. Both of these companies I can recommend easily and without hesitation:

Forexyard.com is a leading forex broker that has been in business for over five years. The site also treats its Canadian customers like gold.

The company offers 24/7 support and up to $1,000 cash back when you open and fund an account. They also offer the ability to fund an account with a credit card, meaning that you can be up and running within just a couple of minutes. The minimum deposit is $100.

The company, as mentioned, offers 10% cash back on your initial funding deposit up to $1,000. So, if you decide to fund your account with $500 to start, then you would receive $50 free in your account that you can trade with.

Forexyard offers access to many different markets and currency pairs. They offer fixed spreads in all markets, continuous quoting with no price freezes and negative balance protection.

Click Here To Open an Account at Forexyard.com

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Questrade - Questrade has built up their business by listening to their customers and giving them what they want.

When I first opened up my account with Questrade (years ago), I sent them a question on a Saturday, fully expecting to hear back on Monday.

I was shocked to receive a reply on Saturday, and even more shocked to receive a reply from one of the founders of the company.

Now, the company is quite a bit bigger now, and you may not receive a reply from the founder if you email them a question. However, this just speaks to the hands-on customer service that Questrade looks to provide.

The company is based out of Toronto, and has a number of different offerings, including a forex offering.

Questrade's forex offering includes access to over 30 currency pairs, free eSignal charting and a competitive spread structure.

Click Here to Open an Account at Questrade

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When choosing your forex broker, take your time, do your research and don't be afraid to give them a call if you have any questions.

Any forex broker that doesn't take the time to answer your questions doesn't deserve your business.


Filed under: Company Reviews