Comparing Best Trading Platforms in Canada

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Thank you for sharing your experience, Hadi Al Khatib! We are happy to hear you are enjoying our service and we are looking forward to many more positive moments in the future. I’m resident in the United Arab Emirates and we don’t have tax here in the UAE. So I contacted the support and they were very helpful and sort it all out.

InvestCube requires a $10,000 minimum balance, and charges an annual rebalancing fee of 0.3% to 0.5%. Wealthsimple Trade does not support margin trading or options trading. This means that you cannot short stocks with Wealthsimple Trade.

If you’re a student 25 years of age or older, you can get discounted stock and ETF trades of $5.95, all with no annual fees and no minimum balance requirement. TD charges a quarterly maintenance fee of $25 if you don’t deposit at least $100 every month. While commissions are higher than discount brokerages, you may be eligible for discounted commissions if you make 150 or more trades per quarter.

I have been trading for 6 years in a variety of things including equity derivatives, options, commodity futures, and of course, forex. I actively traded the CHFUSD and EURUSD pairs and found FXCM to be a great broker to use to achieve my goals. Additionally , there’s the somewhat limited trade offer in terms of the available markets. With 40 FX pairs, 13 index CFDs and eight commodity CFDs. We have participated in the live trading webinars several times and found them very interesting.

Automatic option assignments and exercises are charged $15, while manual option exercises come with a commission of $43. Stock trades cost $0.01 per share, with a minimum commission of $8. For a limited time, CMC Markets is offering commission-free trading for all Canadian and U.S. stock CFDs available on their platform.

Trading types and order execution

As you can see in our test report, we were pleasantly surprised by the broker’s offer in our test of FXCM. Numerous trading platforms and good conditions made a great first impression. You need to be 18 years of age to open an account with Oanda. One unique feature is that Oanda allows PayPal deposits via e-cheque. Other deposit methods include debit cards and bank wire transfer.

I already spoke with 3 employees and none of them wake up. WhatsApp says that it is not available and they answer you all indignant if you speak to the number with an English prefix. We were privileged to have the opportunity to serve you, iliya! In case the above is not exactly what you actually looking to have, please always let us know via Live chat. We are always more than happy to hear as much as possible about what could make your trading experience at FXCM even better. The trading system is very easy to navigate around, and is simple enough for beginners.

RBC Direct Investing also offers free Level 2 quotes for stocks and ETFs listed on the TSX. If you’re an active trader, you may also be eligible to receive free Level 2 quotes for the Canadian Securities Exchange and NASDAQ stocks and ETFs. While QTrade commissions are higher than Interactive Brokers and Questrade, they are discounted compared to the big banks. Stock trading commission is a flat $8.75, while options cost $8.75 plus $1.25 per contract. Qtrade only offers Canadian and U.S. stocks and ETFs. Other features that IB offers include a dividend reinvestment program , earning interest on your cash margin balance, and earning interest for lending out your shares to short sellers.

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For options, the commission is $9.99 plus $1.25 per contract. You can trade some investment types commission-free, such as mutual funds and IPOs. Automatic dividend reinvestments through TD’s DRIP are also commission-free.


If you ever want to share any thoughts or preferences, we are always happy to hear more about what could make your experience even better. No response from us regarding your deposit and withdrawals does not sound like FXCM at all and we really wanted to learn more about your case. We had a quick check but unfortunately not able to locate any account under your name that encounters with the issue you are mentioning about. Could you please get back to us with your email address registered at FXCM and your trading account number?

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This includes, for instance , taking 1st place in the so-called “Readership Award 2010”. With the trading platform “TradingStationWeb”, FXCM offers a browser-based platform. Forex traders in Canada can alternatively choose a desktop version or the MetaTrader 4.

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Withdrawals can also be made back to your PayPal account, debit card, or bank account via wire transfer. CMC Markets, regulated by the IIROC, is a CFD and forex broker that offers over 5,000 Canadian and U.S. stock CFDs, treasuries, commodities, and indices. You can also trade over 9,400 global shares from 23 countries, along with 1,000 ETFs.

Companies can ask for reviews via automatic invitations. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Award-Winning BrokerSince 1999, FXCM Group has been on the leading-edge of the forex market. From technological proficiency to the creation of common sense solutions, FXCM has garnered many acknowledgements and accolades while promoting the advancement of the forex and CFD. It’s great to hear that you are enjoying FXCM, and if you ever want to share any further feedback, we’d love to hear you out.

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No more rigid legacy systems and long onboarding We bring smarter products together while reducing onboarding times. Robust functionality and user-friendly experience delivers efficiency and transparency to your investment management process.


This page will compare the 15 best trading platforms in Canada for stock trading, day trading, options, CFDs, crypto, and forex. Interactive Brokers Canada, part of the global Interactive Brokers group , is an online brokerage that provides access to a wide variety of markets around the world with low fees and commissions. In fact, it’s the largest online brokerage in the United States! BMO’s 5 Star Program gives discounted pricing for active traders or for those with large account balances.

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Alternatively, you can speak with us on Live chat via our website anytime during weekdays. No Rollover fees campaign makes FXCM easily the best CFD broker. I saved over $10,209 in rollover fees trading with FXCM for almost 2 years now. It makes a massive difference in these rough markets where instead of 5% P.A for overnight holdings you are paying 0%.

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fxcm canada, part of GAIN Capital, is a forex broker regulated by the IIROC in Canada. offers 3,000 stocks, 1,000 stock CFDs, 80 forex currency pairs, and a wide variety of indices and commodities. National Bank’s InvestCube is similar to a robo-advisor that automatically rebalances your portfolio into various ETFs.

  • We are happy to hear you are enjoying our service and we are looking forward to many more positive moments in the future.
  • While that’s higher than brokers like Interactive Brokers, it does give you access to leverage not offered by other brokers.
  • Traders have access to powerful platforms including FXCM’s proprietary forex and CFD trading platform, Trading Station for Web, Mobile, and Desktop, FXCM MetaTrader 4 and more.
  • Overall their system is easy to use, and welcomes those just beginning with trading.

Investment management program to streamline portfolio construction, shadow accounting, risk research & cashflow analysis, CRM, & more. It’s positive for investors that the broker FXCM may be a member of the so-called Financial Services Compensation Scheme, British deposit insurance. As mentioned at the beginning, FXCM Canada is one of the best forex and CFD brokers in Canada.

Another feature that Questrade offers, besides its large selection of paid market data packages, is the ability to get unlimited snap quotes. This is free real-time data for certain Canadian and American markets, including TSX, NYSE, and NASDAQ level 1 data, that is available with just one click. Among so many things that FXCM offers, I use the FXCM Trading Station and I like it because it offers Possibility of exploring multiple types of orders.