Best Trading Platforms Canada 2024

Choosing The Best Regulated Trading Platform Canada

Choosing the best Canada trading platform for you can be overwhelming for new investors. The good news is that many Canada investment platforms provide education, research, and trading tools to help you get started. We'll show you how to evaluate new Canada trading platforms for example checking they are regulated and where you should begin.

All trading platforms in Canada need to be regulated by British Columbia Securities Commission (BCSC), Canadian Investor Protection Fund (CIPF), Financial Transactions and Reports Analysis Center of Canada (FINTRAC), Investment Industry Regulatory Organization of Canada (IIROC), Ontario Securities Commission (OSC), Ombudsman of Banking Services and Investments (OBSI), The Cayman Islands Monetary Authority (CIMA). Its also a good sign if when using an international trading platform that serves Canada residents if they are regulated by a major European financial regulator like the UK's Financial Conducat Authority (FCA) and Cysec.

Top Canada Trading Platforms Compared

Best Trading Platforms Canada List

Best Online Brokers Canada Reviewed

What Can I Trade on Canada Trading Platforms

Trading platforms in Canada have seen a have seen huge growth in the last 5 years.

Modern Canada trading platforms are easy to find, use and install. The internet's expansion in Canada and the rest of the world, the improvement in terms of cost in Canada and speed has lowered the barrier to entry to Canada traders. More people in Canada can now access these online Canada trading services and begin trading in minutes. Trading has also been revolutionised by the internet for Canada people, which has made trading in Canada not only more convenient but also real-time.

We list the most popular tradable financial assets available on Canada trading platforms below.

Stocks And Shares on Canada Trading Platforms

Canada Stock market trading is the buying and selling of company stocks and shares, or other securities through a Canada stockbroker and trading platform in Canada. Trading on the Canada or global stock market is accomplished by placing a buy or sell order to your Canada trading platform. A buy order is placed when you wish to purchase a security, and a sell order is placed when you wish to sell the security back to your Canada trading platform.

Most people trade stocks and shares with Canada online trading platforms. Canada trading platforms offer more convenience for local Canada residents than traditional brokerage firms that used to handle buy and sell financial instrument transactions by phone.

When trading stocks and shares on a Canada trading platform, stocks and shares are the primary source of funds for companies listed on Canada and global stock exchanges. Investing on a Canada trading platform offers investors a stake in listed companies, as well as a share of that companies profits through dividends. The price of stocks and shares can go up or down depending on how the Canada financial market perceives their value.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
UK Stocks	Yes	Yes	No	Yes	Yes
US Stocks	Yes	Yes	No	Yes	Yes
DE Stocks	Yes	Yes	Yes	No	Yes
JP Stocks	Yes	Yes	No	No	Yes
Penny Stocks	No	Yes	No	No	No
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Canada Fractional Trading

A relatively new trading feature for Canada traders that Canada trading platforms offer are fractional shares. A fractional share is a fraction of a full share of an equity stock. Stock splits, which don't always result in an even number of shares, frequently result in fractional shares. Fractional shares are not traded on the open market; they can only be sold through a larger Canada trading platform brokers. Canada trading platforms that offer fractional shares allow Canada traders to buy shares with a lower barrier to entry.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Fractional Shares	No	No	No	No	No
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Cryptocurrency Trading on Canada Trading Platforms

In order to be able to trade cryptocurrency in Canada, you need a Canada crypto trading account. This is where your Canada crypto assets are held and perform a similar function to Canada bank accounts used in the real world. You will need to create a crypto Canada trading account if you are from the Canada, so that you can start buying and selling cryptocurrency with ease.

Cryptocurrency trading is one of the fastest growing financial markets in the world today. It has grown exponentially over the past few years and it shows no signs of slowing down. In fact, there are now more cryptocurrencies than ever before and each exchange has an average daily volume that exceeds $1 million USD.

In order to trade cryptocurrencies from Canada, you first need to open a Canada cryptocurrency trading account with a Canada cryptocurrency exchange or crypto Canada trading platform. You can then deposit cash from your Canada bank or credit card into a Canada trading account in order to buy different cryptocurrencies with USD dollars or other fiat currencies available in Canada.

After you have purchased your digital assets on a Canada trading platform, you can withdraw your Canada crypto assets onto your local computer or store them in another software wallet that you have control of in Canada.

Make sure you trade cryptocurrencies with a well regulated and secure trading platform in Canada. If you decide to leave crypto on a unregulated unsecure Canada exchange, be careful not to keep too much of your digital currency on any one Canada trading platform as unregulated Canada crypto trading platforms are known for getting hacked.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Crypto	Yes	Yes	Yes	No	Yes
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

ETFs on Canada Trading Platforms

Most modern online Canada Trading platforms allow trading in ETFs. Exchange-traded Funds (ETFs) in Canada are a type of investment that trade on an exchange just like stocks. The value of ETFs is based on the collective value of their underlying assets. Because they trade on an local Canada or global financial exchange, ETFs can be bought and sold at any time on a Canada ETF trading platform during market hours. Canada trading platforms allow Canada traders to purchase partial shares or full shares depending on the desired commitment to the investment and ability to pay for it.

Indices on Canada Trading Platforms

Canada indice trading platforms allow Canada traders to invest in local Canada Indices and stock indexes as well as indices on financial markets all over the world.

Financial market indices are used to measure changes in the value of a Canada or global selection of stocks, bonds, or other financial assets.

The most common Global indices Markets include: the London Stock Exchange, the Dow Jones Industrial Average (DJIA), Standard & Poor's 500 (S&P 500), the NASDAQ Composite, and the Russell 2000.

Financial indices are also referred to as stock market indices or a stock market index. The Dow Jones Industrial Average (DJIA) is often referred to as the “Dow 30” or “the Dow,” while the Nasdaq Composite is also referred to as the “Nasdaq”.

When trading on Canada trading platforms, financial indices are designed to show how a group of Canada or worldwide stocks performs in relation to other market-traded stocks or indexes. Financial indices can measure stocks on an absolute basis or relative basis.

A benchmark index is a statistical measure of the value of a section of the global or Canada stock market. It is computed from the prices of specific selected stocks and reflects changes in their valuations.

Financial indices can help Canada investors using Canada trading platforms understand how markets have performed over time from month-to-month and year-to-year against local Canada financial markets and markets all around the world.

Bonds on Canada Trading Platforms

Bonds from Canada and all over the world can be actively traded on Canada trading platforms.

Bonds are a kind of loan from individuals or institutions to the Canada government. They help governments meet their borrowing needs and finance their local Canada expenditures. Canada Bonds can be issued as either long-term (20 years or more) or short-term (less than three years). These bonds are issued on behalf of the government by its debt manager, the Bank of Canada.

How do Canada Bond Trading Platforms Work?

When you buy a bond on a Canada trading platform, you're essentially loaning money to the government. When the government receives your loan, it will pay you interest on your investment until its debt is paid off; Usually after 20 years or more. You can choose to hold onto your bonds within your Canada trading platform until they mature, sell them before they mature, or put them in a portfolio that automatically re-balances itself by purchasing more bonds when prices fall and selling some when prices rise, an approach called 'rebalancing'.

Commodities on Canada Trading Platforms

When trading from Canada commodities trading is a way of investing in commodities through contracts. Some of the examples of commodities are gold, silver, oil, stocks and other goods that are traded in the public market. Modern trading platforms allow Canada residents to trade commodities not only from Canada but also commodity markets all over the world across multiple timezones via commodity futures or commodity CFD trading.

Canada investors have a choice to either go for futures or physical commodities. A futures contract is a standardised legal agreement between unrelated parties to buy or sell something at a predetermined price at a predetermined time in the future. Physical options are where you directly acquire some goods as soon as you agree to a deal; however, this requires more funds which is why many people prefer going for futures options.

Margin Trading on Canada Trading Platforms

Margin trading on Canada trading platforms have a higher profit potential than standard trading, but it also comes with a higher level of risk. The repercussions of losses are amplified when buying stocks on margin. A margin call, which asks you to sell your stock position or front more funds to keep your investment, may also be issued by the broker.

Stock CFD Trading on Canada Trading Platforms

Trading traditional stocks and shares are usually better suiting for long term trading. Modern online trading platforms in Canada allow CFD stock trading.

CFD stock trading is where more experienced traders can speculate on a stocks up or down price movement using leveraged margin trading which allows a fraction of a traded amount to be placed with a Canada CFD stock trading platform.

Stock CFD trading is high risk and you may lose more than your deposited amount with some Canada trading platforms. No underlying real company stocks are brought on a CFD stock trade on your Canada trading platform. A CFD stock trade is a speculative deal between you and your Canada CFD stock broker platform on a stock assets price movement.

ETF CFD trading on Canada Trading Platforms

When you trade ETFs as CFDs (Contracts for Difference), you are investing in the price of the ETF rather than the actual ETF. The market value of the financial instrument that a CFD instrument represents is used to calculate its value. Most trading platforms in Canada will allow speculative trading in ETFs through CFDs. Check you fully understand what ETF CFDS are as they hold risk and what CFD ETFs your trading platform in Canada specfically offers.

Commodity CFDs on Canada Trading Platforms

Commodity CFDs although high risk due to their leverage feature, are a versatile tool for experienced Canada investors. Trading platforms in Canada allow CFD trading in commodity futures at a fraction of the cost of trading tradtional commodities. You can also utilise Stop Loss and Take Profit orders on your Canada trading platform to automate trades, leverage to raise your position's exposure, and technical analysis to construct exact strategies. Understand that no underlying commodities are traded on your Canada trading platform with a commodity CFD. A commodity CFD is high risk speculation using leverage on up or down price movement on a specific commodity between the trader and the Canada trading platform.

Bond CFDs on Canada Trading Platforms

Some trading platforms in Canada allow Canada traders to trade Bond CFDs.

A bond CFD is a form of financial derivative trading. When you trade a bond, you are taking a position on the price of the underlying instrument and not purchasing the instrument itself. Bond CFDs use leverage which is very high risk.

Canada trading platforms sell bond CFDs, which are financial instruments. The reference asset for each Bond CFD is a specific Canada or global bond financial instrument. The capital return of the instrument is the difference between the open and closing prices of the reference bond, which is what CFDs stand for. When trading CFDs, the difference is settled in cash, and no physical delivery of bonds is required.

Futures CFDs on Canada Trading Platforms

Futures CFD trading is available on most trading platforms in Canada.

Futures contracts are standardized agreements or contracts with obligations to buy or sell a particular asset at a preset price with a future expiration date. Although CFDs allow investors to trade the price movements of futures, they are not futures contracts by themselves.

Futures CFDs are high risk leveraged trades on speculative Futures price movements up or down with your Canada trading platform or broker. With a Futures CFD you are not trading any underlying Futures assets. Futures CFDS although high risk can have a lower barrier of entry than traditional Futures trading.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Stock CFDs	9,000	1,800	253	50	50
ETF CFDs	250	114	250	50	50
Commodity CFDs	6	22	16	20	20
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Forex Trading on Canada Trading Platforms

Forex, short for foreign exchange, is the largest financial market in Canada and the rest of the world. Trading currencies in Canada allows you to take advantage of the swings in values in local Canada and global currencies, and the volatility that occurs between different countries currencies. On your Canada trading platform, Canada residents can trade on these price differences with the goal of making a profit from speculating on price movements, or using currency fluctuations to hedge against losses in another investment position. All of this can be done on modern online Canada trading platforms.

Different Canada trading platforms offer different currency pairs available. All major currency pairs will be available on your Canada trading platform, but if you need some more exotic currency pairs when trading from Canada, you will need to check they are available in your Canada trading dashboard.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Forex	Yes	Yes	Yes	Yes	Yes
Major Pairs	Yes	Yes	Yes	Yes	Yes
Exotic Pairs	Yes	Yes	Yes	Yes	Yes
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Trading Platform Canada Features & Tools

Canada trading platforms offer varying features and tools that help Canada traders with technical analysis and financial market research. Canada trading account tools can include a range of chart types, technical indicators, market news, advanced order types, trading simulators and faster order executions.

MT4 on Canada Trading Platforms

MT4 is a Forex and CFD trading platform, which means you can trade Forex online with it. MT4 stands for MetaTrader 4 and it was developed by MetaQuotes Software Corp., a Russian software company that has been in business since 1999.

MetaQuotes is still one of the market leaders when it comes to Canada Forex trading platforms, but there are other companies like eToro which also offer their own trading platform solutions.

While the basic features of MT4 and other similar platforms may look quite similar, there are some differences between them that you need to keep in mind before picking one or another. If you have used MT4 before and are happy with it check if your Canada trading platform offers MT4.

MT5 on Canada Trading Platforms

Unless your Canada trading platform have built their own proprietary trading platform, your Canada broker is probably using MT5 or MT4 as their trading platform for Canada residents.

MT5 is a more modern version of MT4 offering more technical indicators to Canada traders. MT5 has more technical analysis tools like depth of market which allows Canada traders to view financial instrument bid prices across many global financial markets, not just the Canada market. MT5 offers over twice as many timeframes on its charting tools to Canada users. MT5 is not just for CFD trading. MT5 is a multiasset trading platform allowing trading stocks, commodities, futures, Forex and cryptocurrencies. MT5 is 64 bit and has been designed for speed. Check if your Canada trading platform offers MT5.

cTrader on Canada Trading Platforms

cTrader is a full-featured trading platform that Forex and CFD firms can provide to their Canada clients. The cTrader platform is jam-packed with features that cater to most Canada traders needs. If you are looking for a trading platform in Canada that offers automated trading facilities to users in Canada. cTrader is known for is popular accessible programming language. Check to see if your Canada trading platform offers these features if you need this functionality.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
MT4	Yes	Yes	Yes	Yes	Yes
MT5	Yes	No	Yes	Yes	Yes
cTrader	Yes	No	Yes	No	No
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

STP Accounts on Canada Trading Platforms

A Forex broker that offers Straight Through Processing of trade orders is known as a STP broker. These are brokers who submit the trader's orders directly to liquidity providers (big banks) for processing and fulfilment of trade orders.

STP brokerages can often provide tight spreads and cost of execution without the disadvantage of a dealing desk's higher costs.

ECN Accounts on Canada Trading Platforms

A real ECN account is a pure order-matching execution system in which the Canada trading platform charges a premium as commission per trade rather than artificially inflating the raw spread that occurs naturally during the order-matching process.

In liquid market situations, Canada ECN accounts might offer tighter spreads and a lower overall cost of trading in Canada.

DMA Accounts on Canada Trading Platforms

Direct market access (DMA) is an electronic trading strategy that allows Canada investors to conduct transactions on Canada trading platforms by engaging directly with an electronic order book. An order book is a collection of orders listed on Canada trading platforms. Canada DMA trading platforms displays prices and volumes and is a list of orders that records the orders placed on the stock exchange by buyers and sellers. If you require DMA trading in Canada check your Canada trading platform offers it.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
STP	Yes	Yes	Yes	Yes	No
ECN	Yes	No	Yes	Yes	No
DMA	Yes	Yes	Yes	Yes	No
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Social Trading on Canada Trading Platforms

Social trading is a form of investing in which Canada individuals copy or mirror the trades or portfolios of other, more successful investors. Social trading allows you to invest in ways that were previously only available to a select few institutional investors – including hedge fund managers, investment bankers, and venture capitalists.

It can take decades for Canada traders to build up the necessary experience and expertise to fully understand risk and make consistent profits on financial markets. With social trading, new traders can research and follow the trades of more successful Canada and global traders.

It takes some skill to identify skilled traders whom you should follow closely on Canada trading platforms. Fortunately, many Canada trading platforms offer Canada users trading tools designed specifically for this purpose. A social trading Canada portfolio should be well diversified to help mitigate trading risks.

Copy Trading on Canada Trading Platforms

Copy trading is a system that allows Canada investors to copy the trades of other traders not only in Canada but all over the world. Canada traders can either trade a specific financial instrument or the market as a whole. While it can be done manually, it is now common for Canada trading platforms to offer copy trading on their Canada platforms. Copy trading is offered by many Canada brokers including eToro, but not all Canada copy trading platforms have the same trading features and systems. The best way to find out about the details of how each Canada trading platforms offers copytrading is to read each Canada copytrading platforms user guides. eToro is the biggest social trading and copytrading platform in the world with over 20 million registered users.

If you do opt in for a Canada copy trading platform, then it will generally be up to you which trades you want copied from other Canada or worldwide traders and when those copies should be made. You will normally be able to choose between having one-to-one copies of every trade made by another investor on your Canada copytrading platform or having automatic 'buy' and 'sell' copies made automatically once per day at a set time so long as there has been activity during that day in that option or market as a whole.

If there hasn't been any activity during the day (or no new positions being opened) then no automatic copies will be made on your Canada trading platform until there is some activity again after midnight GMT/UTC time (the default time zone set by most brokers). It really depends on what your Canada trading platform offers with their own system so always check first before making any assumptions with your trades.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Copytrading	Yes	No	Yes	Yes	No
Social Trading	No	No	Yes	Yes	No
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

VIP Trading Account on Canada Trading Platforms

Trading with a Canada VIP account is similar to trading with a personal market analyst, but with the added benefit of lower Canada trading fees and lower latency for faster execution for Canada traders.

VIP trading accounts are preferable to normal accounts since they come with a slew of extra features. These accounts are open to both professional and individual traders of any degree who have a big amount of money to trade.

Many Canada trading platforms offering VIP accounts offer Canada users additional trading features including free VPS trading machines, hosting service, no deposit/withdrawal fees, private consultations with a Canada personal account manager, exclusive seminars and events which may be available locally in Canada or worldwide. Canada VIP trading account features vary between Canada trading platforms. Check to see what your VIP Canada trading platform offers.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
VIP Accounts	No	Yes	No	No	Yes
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Auto Trading on Canada Trading Platforms

Automated trading in Canada is a way of participating in financial markets by executing pre-set procedures for entering and leaving trades on Canada trading platforms through a computer programme. As a Canada automated trader, you'll combine in-depth technical analysis on global and Canada financial instruments, with the creation of position characteristics like open orders, trailing stops, and guaranteed stops.

Many Canada trading platforms offer APIs and programming languages allowing traders in Canada to make use of and add automation to their investment strategies. MT4, MT5, cTrader all offer Canada traders access to automated trading features.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Automated Trading	Yes	Yes	Yes	Yes	Yes
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Canada Mobile Apps on Canada Trading Platforms

Trading in Canada and worldwide financial instruments such as the stock market, cryptocurrencies, Forex, commodities, Indices, ETFs, and CFDs using a smartphone or tablet, such as an Apple or Android device, is known as mobile app trading. Canada mobile trading apps have become more advanced as technology, software and the internet has progressed in the last 5 years. Trading in Canada a decade ago was previously mostly conducted through desktop trading, which was done using a PC or Apple Mac computer. No mobile app trading in Canada on Canada trading platforms in now faster and easier. With the help of a variety of Canada trading apps, a Canada trader can purchase and sell financial instruments as well as manage a portfolio on his or her mobile phone.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Mobile Apps	iOS, Android	iOS, Android and Windows	iOS, Android and Windows	iOS, Android	iOS, Android and Windows
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Trade Signals on Canada Trading Platforms

Trading signals are instructions to purchase or sell a security based on a set of pre-defined parameters. Canada Traders can develop trading signals on many Canada trading platforms based on a range of parameters, ranging from simple ones like earnings reports and volume surges to more complicated signals drawn from previously generated signals and technical data.

If you are looking for a Canada trading platform that offers trading signals, make sure you understand that they are very high risk. Check to see if your trading platform in Canada is well regulated and able to offer trading signals to traders in Canada.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Signal Trading	Yes	Yes	Yes	Yes	No
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Islamic Accounts on Canada Trading Platforms

Canada Islamic Trading accounts in Canada are designed to allow Canada traders to trade in accordance with the ethical principles of Islam.

Canada Islamic trading accounts reflect the Islamic prohibition against trading (“gambling”) by excluding speculative investments that include buying on margin or borrowing money to trade, and by only allowing certain asset classes such as currencies, commodities and stocks. However it does allow for certain riskier trades including options and derivatives.

Canada traders who wish to trade using a Islamic compatible trading platform available in Canada should be aware the Shariah rules for Islamic Financial instruments are set out in detail by the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI).

The AAOIFI have codified all aspects of these financial instruments including how they should be structured. These rules cover topics such as profit-sharing arrangements which protect returns from being used before earning them; one-year contracts which prevent speculation on short-term price volatility; regular payments on deposits which remove the element of risk from banks depositors; and interest rates which are not excessive. If you are looking for for a Canada Islamic trading account check your Canada trading platform offers these Islamic compliant trading accounts.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Islamic Accounts	Yes	Yes	Yes	Yes	Yes
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Demo accounts on Canada Trading Platforms

A Canada demo trading account is a type of account provided by Canada trading platforms that are filled with fictitious virtual trading funds raning from 100k USD that allows a potential Canada trader to test the Canada trading platform and its features before opting to open a real Canada trading account.

If you are new to trading it is essential you learn to trade first with a Canada trading platform, before risking losing real money on a live Canada trading account. Demo accounts are free on most reputable Canada trading platforms.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Demo Accounts	Yes	Yes	Yes	Yes	Yes
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Financial Regulation on Canada Trading Platforms

Financial regulation in Canada is the process of controlling and managing financial services in Canada regional area. It combines aspects of Canada law, consumer protection and economics. Governments like Canada often implement financial regulations to prevent industry abuse, ensure fairness and protect consumers from mismanagement or fraud for Canada residents. Canada and international financial regulators also control the amounts of risk that Canada individual retail trading can take with their investments.

Canada Financial Regulation

All trading platforms in Canada need to be authorised and overseen Canada financial regulators including by British Columbia Securities Commission (BCSC), Canadian Investor Protection Fund (CIPF), Financial Transactions and Reports Analysis Center of Canada (FINTRAC), Investment Industry Regulatory Organization of Canada (IIROC), Ontario Securities Commission (OSC), Ombudsman of Banking Services and Investments (OBSI), The Cayman Islands Monetary Authority (CIMA). Traders in Canada can also use online trading platforms that serve Canada residents. Check that any online trading platform you use from Canada is regulated by a major European financial regulator like the UKs Financial Conduct Authority (FCA).

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Regulated By	Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa	Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217	Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)	Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Canada Trading Platform Customer Service

Phone Support on Canada Trading Platforms

For most trading platform users in Canada, it's more convenient to call a phone number and speak to an actual Canada trading platform support person when we need help. Canada trading platform phone support also allows you to ask questions in real time without having to wait for an email response. A real human from Canada who is able to talk in your language can answer all of your Canada trading platform questions, and if they don't know the answer, they can connect you with someone who does.

A good Canada trading platform phone support person will not only answer your Canada trading platform questions. A thing to note is that although a Canada trading platform support person can help you resolve Canada trading platform issues, they cannot and are not allowed to give you financial advice.

Live Chat Support on Canada Trading Platforms

Livechat is the most popular method of contacting your Canada trading platform. Canada trading platforms that offer livechat support are able to offer answers to Canada traders queries in often less than 5 minutes. Livechat sometimes is reserved for VIP Canada traders trading in higher volumes. Check to see if your Canada trading platform offers livechat to Canada traders.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Live Chat	Yes	Yes	Yes	Yes	Yes
Phone	Yes	Yes	Yes	Yes	Yes
Email	Yes	Yes	Yes	Yes	Yes
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Canada Trading Platform Minimum Deposits

Canada trading platform minimum deposits usually range from $0 up to $1000 dollars plus depending on the type of Canada trading account (i.e., margin vs non-margin).

Canada trading platforms set minimum deposit requirements that vary for each account depending on the type of trading and features you require for your Canada trading account. Many Canada trading accounts offer low minimum deposits and commission fee trading. If you require margin based trading or more advanced trading tools and features you may need a Canada trading platform which requires a greater minimum despost.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Min Deposit	100	No	200	100	100
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Does It Matter How Many Traders My Canada Trading Platform Has?

One benefit to trading with a large volume Canada trading platform with a larger amount of users, is that you have access to more liquidity from other traders on the Canada trading platform looking to invest in your chosen financial asset whether is stocks, currency, crypto or commodities. You can buy or sell with greater confidence knowing that there is a great chance there someone else on either side of your trade looking to take advantage of changes in the financial markets. eToro for example has over 20 million registered traders.

In addition, if you want your money quickly, high volume Canada trading platforms will offer quick settlement times as well as fast execution speeds on their Canada trading platforms. When placing an order with a lower volume Canada trading, it may take longer for your transaction to complete since only a handful of people use their Canada trading platform leading to an increased risk in the financial markets changing while waiting for confirmation of a buy or sell order on your Canada trading platform.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Usedby	10000	250000	89000	10000	142500
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Educational Resources on Canada Trading Platforms

Many of the more established Canada trading platforms offer Canada traders a range of learning and educational resources that Canada traders can use to learn more about Canada trading platform trading tools and technical analysis and financial market search. These educational resources on Canada trading platforms can range from how to trading videos, market research article guides, trading webinars, free courses and podcasts. See what your shortlisted Canada trading platforms are able to offer you.

Trading Platforms Canada Trading Fees Explained

Make sure you are fully aware of all the fees and commissions that your short listed Canada trading platforms charge. Check and compare the fees that Canada trading platforms that you decided upon charge. Some trading platforms in Canada may charge monthly fees for having accounts open with them but some are free or charge very little if any at all.

Paying additional fees on your Canada trading platform may be necessary in you require some more advanced trading tools. But if you do not require these tools pick a Canada trading platform without these fees.

Canada Share Dealing Fees

There is a charge for each purchase and sell transaction you make on a Canada trading platform for shares on the local Canada and global stock markets.

Generally on Canada trading platforms, the lesser the cost, the larger the share transaction. A minimal fee is charged by Canada trading platforms. Fees of stocks and shares vary from 0.1% to 3%. Depending on your Canada trading platform share dealing fees might be as low as 0.1 percent for larger trades.

Canada Trading Commission

Trading commission is the amount charged by the Canada trading platform to execute a trade. The amount of commission charged by different Canada trading platforms varies depending on the asset traded and the type of service provided. Check you understand and are happy with your shortlisted Canada trading platform trading commissions before trading.

Canada Spreads

When Trading on a Canada trading platform the difference between the bid and ask prices for a currency pair is called a spread. In forex, spreads are typically much smaller than in other markets like equities or commodities. If you trade with a more liquid Canada trading platform with larger user bases the spreads should generally be better. Check you undertand your Canada trading platforms spreads well before trading.

Canada Trading Platform Fees

Canada Overnight Financing Fees

When trading on a Canada trading platform using a leveraged trading you may have to pay an overnight financing fee. Overnight financing is a price you pay to keep a trading position open overnight on leveraged transactions; It's effectively an interest payment to cover the cost of the leverage you're using overnight. Positions with no fixed expiration date are subject to overnight financing charges. Check what overnight fees your Canada trading platform charges if you are planning to use leverage trading.

If you're trading CFDs on a Canada trading platform, you may have to pay an overnight finance cost if you keep your trade open past a specific period. Because of overnight fees CFDs that are charged by all Canada trading platforms, they are better suited for short-term trading strategies.

Canada Trading Platform Transaction Fees

Some Canada trading platforms allow you to deposit and withdraw funds fee-free, while others will implement a charge. This might be based on your chosen payment method or because you are using a Canada trading platform that is denominated in a currency other than the currency of your Canada bank account. One currency has to be converted to another which may incur a fee.

Canada Trading Platform Inactivity Fees

Certain Canada trading platforms may charge a fee if your account remains inactive for a certain amount of time. If you are no longer using your Canada trading account or forget about it, check you are not liable for any inactivity fees. If you are no longer using your Canada trading account be sure to contact support and close your Canada trading platform account.

Canada Forex Trading Fees

Canada trading platforms do not offer free Forex trading. When you trade Forex, you can expect to pay a fee no matter what your trading strategy is, through spreads. The Forex spreads fees differ with each Canada trading platform. Some are more competitive than other Canada trading platforms. Some Canada trading platforms charge a fixed spread while other Canada trading platforms change a variable spread. Fixed spreads are are determined by the Canada trading platform and remain constant regardless of market conditions or volatility. Fixed spreads allow you to plan your investment strategy by knowing your spread cost ahead of time. Variable spreads may for experienced traders be beneficial if a financial market is less volatile depending on the investment strategy and goals.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Withdrawal Fee	No	No	No	Varies	No
Deposit Fee	Yes	No	No	Varies	No
Inactivity Fees	No	Yes	Yes	No	No
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

Canada Trading Account Payment Methods

When trading with a Canada trading platform online, there are a variety of payment options accessible to Canada traders; Depending on which Canada trading plaforms you shortlist each will have different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits.

Some traders consider the time it takes to execute a payment to be critical, while others are content to wait a few days. Similarly, transaction costs may be more or less essential depending on whether you will make numerous little transactions or fewer, larger ones.

Popular Canada Trading Plaform Payment Methods

The funding and withdrawal methods a Canada Trading Plaform offers is very important when trading. The number of payment methods available to Canadian traders is increasing every month.

Popular payment methods available on Canada Trading Plaforms include Canada Bank Transfers, Canada Debit Cards, Canada Credit Cards, PayPal, Neteller, Skrill, Rapid Transfer, iDeal, Klarna and Poli. Funding and withdrawal payment methods differ from broker to broker in Canada.

Name	FP Markets	XTB	Pepperstone	FXPrimus	easyMarkets
Payment Methods	BPAY, Credit Card, FasaPay, Neteller, PayPal, POLi, Skrill, Visa, Wire Transfer	Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,	Apple Pay, Credit Card, Debit Card, Mastercard, POLi, QIWI, UnionPay, Visa	Bitcoin Payments, Credit Card, emerchantpay, Mastercard, MoneyGram, Neteller, Paysafecard, Skrill, Visa, Wire Transfer	Bitcoin Payments, BPAY, Credit Card, Debit Card, JCB Card, Mastercard, QIWI, Skrill, Sofort, UnionPay, WeChat Pay
riskwarning	Try Now Losses can exceed deposits	Try Now 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Try Now CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Try Now Losses can exceed deposits	Try Now Your capital is at risk

How to Open a Canada Trading Account

Step 1: Open a Canada Trading Account

When opening a Canada trading account. Set up two factor authentication as well as a strong password; we recommend using Google Authenticator for extra security; Make sure that email addresses associated with your Canada trading account are verified.

Verifying your Canada trading account will you to access your withdrawal history should any issues arise in future;

Step 2: Confirm Your Canada Identity

Online trading platforms Canada, require a Canada resident to have a verified Canada account with them before they will let you trade on their Canada trading platform.

Canada trading accounts will require some form of identify verification such as Canada social security number or equivalent, Canada drivers license or Canada passport. You will not be able to trade on your selected Canada trading platform until you have passed verification checks. This is due to the financial regulation Canada trading platforms have to adhere too. Verification of your Canada trading account may take 2-10 working days but may be faster.

Step 3: Deposit Funds To Your Canada Trading Platform

Canada trading platforms offer a wide range of deposit funding methods before you begin trading. Pick a deposit method that you are most comfortable with. Remember to keep your Canada trading platform minimum deposit requirements in mind when opening your new Canada trading account. The minimum deposit requirement amounts may vary depending on the type of Canada trading account you decide to open.

Step 4: Research a Financial Instrument To Trade On Your Canada Trading Platform

Research financial instrument is one of the most difficult parts of trading on a Canada trading platform. Experienced traders have spent years learning how to understand market sentiment using technical analysis and charting tools. To use a Canada trading platform effectively you will have to spend time to understand how these tools work.

One of the most important things you can do when researching a financial asset on a Canada trading platform, is to look at financial statements, annual reports and historical price data. You need to have a good understanding of how your financial instrument makes money, what they spend their money on, and more importantly, the financial markets sentiment towards the financial instrument. A Canada trading platform will offer market research tools but you must use your own judgement and understand what you are doing.

Step 5: Place a Trade

Create a watchlist or browse the financial markets on your chosen Canada trading platform.

Open the chart of the financial asset you want to invest in.

Your Canada trading platform will have a range of tradable financial instruments available. Whether it's a stock, commodity, currency pair, or crypto asset your have selected on your Canada trading platform, click 'Buy' or 'Sell' for the desired financial asset.

Enter the number of units you want to buy or sell. Set up your Take Profit and Stop Loss levels on your Canada trading platform. If you do not know what risk management strategies are learn about them before trading on a Canada trading platform.

Before you click buy make sure you understand the trading risks and know clearly what you are doing. Do not trade with money you cannot afford to lose. Trading on the financial markets on a Canada trading platform holds risks. Click on the Buy Trade button.

On your chosen Canada trading platform, your trade will be sent for order execution by your Canada trading platform immediately.

Best Trading Platforms Canada Verdict

Their has been a huge growth in online trading in Canada. New Canada trading platforms have seen their user bases see huge spikes in registrations over the last 2 years as new traders embrace trading online in Canada.

Modern Canada trading platforms are good because they offer both the traditional financial instruments like stocks and shares, Forex and commodities and the futures markets along with new financial markets like cryptocurrencies and higher risk leveraged trading options like CFDs.

Modern online trading platforms in Canada offer Canada traders access to thousands of tradable financial assets in multiple asset classes on financial markets not just in Canada, but all over the world. Modern Canada trading platforms offer very advanced trading tools, all available online, through a mobile app or even as downloadable software. Mordern Canada traders can easily place buy and sell orders from just there mobile devices anywhere in the world.

Best Trading Platforms Canada 2024 Frequently Asked Questions

We answer the most frequently asked Canada trading platform questions below.

What is the best trading platform in Canada?

The best Canada trading platforms is eToro. eToro has the worlds most advanced online social trading platform with 0% commissions charged on real stocks.

What is the best platform for beginners in Canada?

Here are some of the best trading platforms for beginners in Canada: eToro - best for following more experienced traders. XTB - Low fees, good tools and fast account opening. Avatrade - Great research tools and free withdrawal and deposit options.

What is the safest Canada Trading Platform?

eToro is among the safest trading platforms in Canada as they are heavily regulated.

What can I trade on Canada Trading Platforms?

Canada trading platforms allowing trading in stocks, commodities, futures, ETFs, CFDs, Forex and cryptocurrencies.

Related Guides

• Best Trading Platforms Canada
• Best Stock Trading Apps Canada
• Trade US Stocks in Canada
• Best Indices Brokers Canada

Best Stock Trading Apps Canada Reviews

We also have in depth reviews of each of the best Canada trading platform reviews listed below.

Best Trading Platforms Canada Reviews

We also have in depth reviews of each of the best Canada trading platform reviews listed below.

• FP Markets Review (read our in depth 2024 reviews)
• XTB Review (read our in depth 2024 reviews)
• Pepperstone Review (read our in depth 2024 reviews)
• FXPrimus Review (read our in depth 2024 reviews)
• easyMarkets Review (read our in depth 2024 reviews)
• SpreadEx Review (read our in depth 2024 reviews)
• HYCM Review (read our in depth 2024 reviews)
• Swissquote Review (read our in depth 2024 reviews)
• Axi Review (read our in depth 2024 reviews)
• Eightcap Review (read our in depth 2024 reviews)
• ForTrade Review (read our in depth 2024 reviews)
• ForexMart Review (read our in depth 2024 reviews)
• ETFinance Review (read our in depth 2024 reviews)
• Interactive Brokers Review (read our in depth 2024 reviews)
• IG Review (read our in depth 2024 reviews)

Best Trading Platforms Canada Alternatives

We also have in depth guides of the best Canada alternative trading platforms for each Canada broker below.

• FP Markets Alternatives
• XTB Alternatives
• Pepperstone Alternatives
• FXPrimus Alternatives
• easyMarkets Alternatives
• SpreadEx Alternatives
• HYCM Alternatives
• Swissquote Alternatives
• Axi Alternatives
• Eightcap Alternatives
• ForTrade Alternatives
• ForexMart Alternatives
• ETFinance Alternatives
• Interactive Brokers Alternatives
• IG Alternatives