Which Are The Best Canadian Forex Brokers (In My Opinion)?

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Now, before I begin, let me just say that this is an entirely subjective article. Different people will look for different things in a forex broker - I am simply giving you my opinion as to which forex brokers that I believe are the best.

You should always do your own due diligence when selecting a forex broker. They are many different brokers that will accept Canadian customers, so keep that in mind when reading this article. This is merely meant to be a starting point for you in your quest to find the perfect forex broker.

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Now, without further ado, here are my two favorite forex companies that accept Canadian customers (please note, I have experience with ALL of these companies):

1. Etoro. The leading edge of online forex trading that is currently the largest FX broker in the world.

Etoro is a very well-run company that can boast of fabulous customer service and cutting edge offerings.

One of my favorite Etoro creations? OpenBook, which allows you to automatically copy the trades of successful traders on the site.

On top of all of that, Etoro will give you an initial funding bonus of up to $10,000 when you sign up. That's pretty incredible.

Click Here to Sign Up for Etoro

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2. Forexyard. A well-run company that has very strong customer service (in my experience).

Signing up for an account at Forexyard is a breeze (it literally takes minutes), while depositing into your account is even easier (you can fund via credit card, bank transfer, etc.)

If you are looking to test out the software, then Forexyard offers its users the opportunity to demo the software at no cost to you. In addition, the company will also throw in an online course on the basics of forex trading to get your feet wet. Trading forex is different from trading stocks, and Forexyard wants to make sure that you are comfortable before starting to trade with real money.

Forexyard allows its customers to open accounts (SuperMini) with as little as $100, while still enjoying 200:1 leverage.

Forexyard also offers commodities trading as well (Gold, Oil and Silver).

Click Here to Visit Forexyard




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3. Questrade. I’ve been with Questrade since about 2001. The company is based in Canada (Toronto to be exact), and is one of the largest independent online brokers in the country.

In addition to offering stock trading, Questrade also offers a comprehensive forex trading package as well.

Here are the things that I like most about Questrade:

1. Strong customer service (are you noticing a trend? Customer service is VERY important to me)

2. A quick account sign-up process.

3. Decent commissions.

4. Intuitive and easy-to-use software package.

Questrade is a very good choice, in my humble opinion.

Click Here to Visit Questrade Today




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To be honest, you can’t go wrong with either Forexyard or Questrade, and I can whole-heartedly recommend them both.


Filed under: Company Reviews