Best Online Brokers in Canada 2025

Country

We Invested Our Own Money to Test the Canada’s Top Brokers - See Which Brokers Passed the Test!

Interactive Brokers
Interactive Brokers
4.9/5
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CMC Markets
CMC Markets
4.8/5
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XTB
XTB
4.7/5
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Oanda
Oanda
4.6/5
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Moomoo
Moomoo
4.5/5
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Forex.com
Forex
4.5/5
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FXCM
FXCM
4.4/5
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Webull
Webull
4.3/5
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Oanda
Fusion Markets
4.3/5
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Moomoo
Questrade
4.3/5
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Interactive Brokers
Interactive Brokers
4.9/5
CMC Markets
CMC Markets
4.8/5
XTB
XTB
4.7/5
Oanda
Oanda
4.6/5
Moomoo
Moomoo
4.5/5
Forex.com
Forex
4.5/5
FXCM
FXCM
4.4/5
Webull
Webull
4.3/5
Oanda
Fusion Markets
4.3/5
Moomoo
Questrade
4.3/5

Best Brokers in Canada 2025 - Find Your Perfect Match Now

Looking to trade smarter in 2025? Explore our top picks for the best brokers in Canada and find the perfect platform to maximize your investments with unbeatable tools, low fees, and expert support!

1. Interactive Brokers – Offers low-cost trading, advanced tools, global market access, and unique features like fractional shares, extensive research, and direct market access, ideal for experienced traders seeking diverse options and fast execution.

2. CMC Markets – Offering tight spreads, powerful charting tools, and access to global markets, this platform is perfect for active traders looking for low-cost, flexible trading options with in-depth market analysis.

3. XTB – Designed for traders seeking flexibility, this platform offers low spreads, advanced tools, and a wide range of markets, along with educational resources and detailed research to enhance trading strategies.

4. Oanda – Known for its transparent pricing, robust analytics, and flexible trading options, this platform is ideal for forex traders seeking reliable execution, advanced tools, and access to comprehensive market data.

5. Moomoo – With zero commissions, powerful analytical tools, and real-time insights, this platform caters to active traders looking for a seamless, tech-focused trading experience with a strong community aspect.

6. Forex – Specializing in forex trading, this platform offers competitive spreads, advanced charting tools, and flexible account options. Also offers stock and crypto trading.

7. FXCM – Known for its zero-commission trading, advanced tools, and access to forex and CFDs, this platform is ideal for traders seeking competitive spreads, automated strategies, and a user-friendly experience.

8. Webull – Offers commission-free trading with advanced tools, real-time data, and a user-friendly interface, making it ideal for traders seeking a cost-effective, flexible platform with powerful features.

9. Fusion Markets – With tight spreads, low fees, and powerful trading tools, this platform is designed for forex traders looking for an efficient, reliable trading experience with quick execution and global market reach.

10. Questrade – Designed for investors seeking flexibility, this platform provides low-cost trading, advanced tools, and a diverse range of investment options, including stocks, ETFs, and retirement accounts, all in a user-friendly environment.

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Online Brokers in Canada Key Features

When it comes to online brokers, there are some key features that really stand out, making it easier for both beginners and experienced investors to navigate the markets. 

One of the most appealing aspects is low-cost trading—many brokers offer commission-free trades for stocks, ETFs, and options, so you don’t have to worry about high fees eating into your profits.

Another great feature is advanced trading tools. These platforms often come with powerful charting software, real-time data, and detailed market research, which can help you make smarter, more informed decisions. If you’re an active trader, these tools can be game-changers.

For Canadian investors, there’s also the benefit of tax-advantaged accounts, like the Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP), which let you grow your wealth while enjoying tax benefits.

Most brokers also ensure security with strong regulations from bodies like IIROC and CIPF, so your investments are well-protected.

Lastly, many brokers offer user-friendly platforms with educational resources, helping even beginners feel comfortable as they start their trading journey. All of these features make Canadian online brokers a solid choice for anyone looking to invest.

Best Online Brokers in the Canada 2025

BrokerOverall RatingMinimum Deposit
Interactive Brokers4.9/5$01-3 days
CMC Markets4.8/5$01-3 days
XTB4.7/5$01 day
Oanda4.6/5$01-3 days
Moomoo4.5/5$01-3 days
Forex4.5/5$1001-3 days
FXCM4.4/5$501-3 days
Webull4.3/5$01-3 days
Fusion Markets4.3/5$01 day
Questrade4.3/5$10001 day

Top Online Brokers in Canada - Users Data

Here’s a quick guide to the top online brokers in Canada, with user data and key insights to help you make an informed choice about which platform is best for your trading needs.

interactive-brokers-review
Interactive Brokers
292,076
CMC Markets
CMC Markets
65,259
XTB
XTB
75,014
oanda
Oanda
26,332
moomoo
Moomoo
13,752
forex.com
Forex
12,872
FXCM
FXCM
8,290
webull
Webull
18,293
fusion markets
Fusion Markets
49,570
questrade
Questrade
3,127

Which Broker Provides the Best Value? A Fee Comparison Guide

This comparison breaks down the fees of top brokers, helping you determine which offers the best value for your trading needs by highlighting cost-effective options.

BrokerUS StockUK Stock
Interactive Brokers$1$3.80.1
CMC MarketsNot AvailableNot Available0.6
XTB$0$00.6
Oanda$0$01.0
Moomoo$0Not AvailableNot Available
ForexNot AvailableNot Available1.2
FXCMNot AvailableNot Available0.7
Webull$0Not AvailableNot Available
Fusion MarketsNot AvailableNot Available0.0
Questrade$5Not Available1.9

Non-trading Fees (Other Fees)

Most brokers have extra fees beyond trading costs that can influence your overall expenses. These may include inactivity fees, account maintenance charges, currency conversion costs, withdrawal fees, and more.

It’s important to be aware of these additional fees to avoid surprises and choose a broker that fits your trading habits.

BrokerAccount FeeInactivity FeeDeposit Fee
Interactive Brokersx markx mark$0$0
CMC Marketsx markcheck mark$0$0
XTBx markcheck mark$0$0
Oandax markcheck mark$0$0
Moomoox markx mark$0$0
Forexx markcheck mark$0$0
FXCMx markcheck mark$0 - $40$0
Webullx markx mark$0$0
Fusion Marketsx markx mark$0$0
Questradex markx mark$0$0

Regulations and Safety Measures in Canada

In Canada, regulations and safety measures are in place to ensure that investors are protected and that financial markets remain trustworthy. The Canadian Securities Administrators (CSA) works across provinces to set consistent rules, while the Investment Industry Regulatory Organization of Canada (IIROC) keeps an eye on brokers and investment firms to ensure they follow fair practices and remain financially sound.

One key safety feature is the Canadian Investor Protection Fund (CIPF), which protects your investments if a broker goes bankrupt, up to a certain limit. This gives investors extra peace of mind when trading with Canadian brokers.

Brokers in Canada also follow anti-money laundering (AML) and Know Your Customer (KYC) regulations, which help prevent fraud and ensure that the people they’re working with are properly verified. Plus, most brokers use strong encryption technologies to keep your personal and financial data safe.

With these regulations and security measures in place, Canadian brokers provide a safe and reliable environment for trading. Whether you’re just starting out or an experienced investor, these safeguards help ensure that your investments are secure and your trading experience is as smooth as possible.

Canada

Comparing the Best Online Brokers in Canada

A comparison of top online brokers in Canada, showcasing their features, fees, and services to help you find the best option for your trading needs, so you can save money and make informed decisions.

interactive-brokers-review

Interactive Brokers

Best for experienced traders, this platform offers low commissions, global market access, and advanced tools, making it ideal for active traders seeking competitive fees and a comprehensive trading experience.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$0
Deposit MethodBank Transfer
Withdrawal MethodBank Transfer
Withdrawal Fee$0
Account Opening Time1-3 Days
Inactivity Feex mark
ReviewRead Here
CMC Markets

CMC Markets

Best for active traders, this platform provides tight spreads, advanced charting tools, and a wide range of markets, making it ideal for those seeking flexibility and detailed market analysis.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$0
Deposit MethodBank Transfer, Credit Cards and Debit cards
Withdrawal MethodBank Transfer, Credit Cards and Debit cards
Withdrawal Fee$0
Account Opening Time1-3 Days
Inactivity Feecheck mark
ReviewRead Here
XTB

XTB

Best for forex and CFD traders, this platform offers low spreads, advanced tools, and a user-friendly experience.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$0
Deposit MethodBank Transfer, Credit Cards, Debit Cards, PayPal, Paysafe, Skrill, PayU, Ecommpay
Withdrawal MethodBank Transfer
Withdrawal Fee$0
Account Opening Time1 Day
Inactivity Feecheck mark
ReviewRead Here
oanda

Oanda

Best for forex traders, this platform provides transparent pricing, advanced tools, and seamless trading experience.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$0
Deposit MethodBank Transfer, Credit Cards, Debit Cards, PayPal, Skrill, Neteller
Withdrawal MethodBank Transfer, Credit Cards, Debit Cards, PayPal, Skrill, Neteller
Withdrawal Fee$0
Account Opening Time1-3 Days
Inactivity Feecheck mark
ReviewRead Here
moomoo

Moomoo

Best for modern investors, combines commission-free trading with powerful tools and real-time insights.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$0
Deposit MethodBank Transfer, Wise
Withdrawal MethodBank Transfer
Withdrawal Fee$0
Account Opening Time1-3 Days
Inactivity Feex mark
ReviewRead Here
forex.com

Forex

Best for forex traders, provides competitive spreads, advanced tools, and a secure, reliable trading experience.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$100
Deposit MethodBank Transfer, Credit Cards, Debit Cards, Neteller, Skrill
Withdrawal MethodBank Transfer, Credit Cards, Debit Cards
Withdrawal Fee$0
Account Opening Time1-3 Days
Inactivity Feecheck mark
ReviewRead Here
FXCM

FXCM

Best for cost-conscious traders, the platform offers low fees, tight spreads, and efficient forex and CFD trading.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$50
Deposit MethodBank Transfer, Credit Cards, Debit Cards, Neteller, Skrill, Google Pay, Apple Pay, China Online Payment, Crypto
Withdrawal MethodBank Transfer, Credit Cards, Debit Cards
Withdrawal Fee$0 - $40
Account Opening Time1-3 Days
Inactivity Feecheck mark
ReviewRead Here
tradestation global

Webull

Best for tech-savvy traders, this platform combines zero commissions with advanced analytics and real-time data for a streamlined, modern trading experience.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$0
Deposit MethodBank Transfer
Withdrawal MethodBank Transfer
Withdrawal Fee$0
Account Opening Time1-3 Days
Inactivity Feex mark
ReviewRead Here
fusion markets

Fusion Markets

Best for budget-conscious traders, it offers low fees, tight spreads, and fast execution for cost-effective forex trading.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$0
Deposit MethodBank Transfer, Credit Cards, Debit Cards, Paypal, Interac, PayID, Crypto, Skrill, BinancePay, Neteller, E-wallets
Withdrawal MethodBank Transfer, Paypal, Interac, Skrill, Neteller, Crypto, AstroPay, DragonPay
Withdrawal Fee$0
Account Opening Time1 Day
Inactivity Feex mark
ReviewRead Here
questrade

Questrade

Best for self-directed investors, it offers low fees, tax-advantaged accounts, and robust tools for confident investing.

Interactive Brokers OverviewInteractive Brokers Data
Minimum Deposit$1000
Deposit MethodBank Transfer, Credit Cards, Debit Cards, E-wallets
Withdrawal MethodBank Transfer
Withdrawal Fee$0
Account Opening Time1 Day
Inactivity Feex mark
ReviewRead Here

How We Evaluated and Ranked the Best Online Brokers in the UK

To evaluate and rank the best online brokers in Canada, we conducted an in-depth analysis across several critical factors to ensure our recommendations meet the diverse needs of Canadian investors. Our approach was designed to provide a comprehensive understanding of what each broker offers and how it aligns with user expectations.

Key evaluation criteria included:

Fees and Costs

We examined trading commissions, account fees, and non-trading charges like withdrawal or inactivity fees to identify brokers offering the best value for money.

Features and Tools

Advanced charting, research tools, and platform usability were assessed to determine which brokers provide a seamless and feature-rich trading experience.

Account Types

Brokers were evaluated on the variety of accounts available, including tax-advantaged options like TFSAs and RRSPs, which are crucial for Canadian investors.

Market Access

We reviewed the range of tradable assets, such as stocks, ETFs, forex, and mutual funds, to ensure diverse investment opportunities.

Regulations and Safety

The brokers’ compliance with IIROC and CIPF membership was verified to confirm investor protections and asset security.

Customer Support and Education

Accessibility, quality of support, and educational resources were considered to assess their value for beginners and seasoned traders alike.

This thorough methodology ensures our rankings reflect brokers that offer a reliable, secure, and user-friendly experience tailored to Canadian investors.

FAQ

What are the most important factors to consider when choosing an online broker in Canada?

When choosing an online broker in Canada, it’s essential to consider factors like fees, available account types (such as RRSPs and TFSAs), the range of tradable assets, platform features, and the broker’s regulatory compliance with Canadian authorities like IIROC and CIPF. These elements ensure that you get the best value and security for your investments.

Are online brokers in Canada regulated?

Yes, online brokers in Canada are regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which oversees trading practices, and members are insured by the Canadian Investor Protection Fund (CIPF), offering protection to investors in case of broker insolvency.

Can I trade forex with Canadian online brokers?

Yes, many Canadian online brokers provide access to forex markets, allowing you to trade currency pairs. It’s important to ensure the broker offers competitive spreads, low fees, and advanced tools to help you make informed forex trading decisions.