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Canada is somewhat limited in the number of forex brokers that can be used relative to other areas of the globe like the U.K. AvaTrade is a fully-regulated broker with a presence in Europe, South Africa, the Middle East, British Virgin Islands, Australia and Japan. AvaTrade deals mainly with forex and CFDs on stocks, commodities, indexes and cryptocurrencies. Currency trading in Canada is highly regulated by the Investment Industry Regulatory Organization of Canada .
- The CSA has all the regulatory bodies in each of these territories and provinces under its umbrella.
- Several of the leading brokers in Sweden offer demo accounts to help you practice trading on the MT5 trading platform software.
- Canada has a multitude of agencies dedicated to ensuring stability and proper regulation within the financial sector.
- The best way to do that is to read the reviews from reliable sources of information only.
- Follow strategy managers and copy their trades, removing the hassle of having to trade yourself.
- There is also no better way to improve your trading judgment than by making a good trading plan.
Notably, Interactive Brokers has been around since 1978 and is regulated in Canada by the IIROC and the CIPF. Furthermore, the broker has won many awards over the years for its services and is even regulated in the US by the SEC. Aside from the currencies above, you can also find some other currencies on many brokers. You can only open a trade on any of the currency pairs via a forex broker. Most brokers are legalized in Canada, offering Forex trading services. As per several broker reviews, Interactive Brokers offers comprehensive Forex services, and the user can access different markets like Forex, future, stocks, options, bonds, and CFDs. read more