Top 3 Canadian Brokers 2018

Broker’s Name
Minimum Deposit
Deposit Bonus
Type of Platform
Maximum Leverage
Regulation:
More Info
HYCM
$100
Up to $5000
MetaTrader 4
1:200
FCA, CySEC, CIMA
FXTM
$5
Sign Up to 20%
MetaTrader 4
MetaTrader 5
1:1000
FCA, CySEC, CIMA
FXCM
$300
None
MetaTrader 4
Proprietary platform
Web-based
1:50
ASIC, FCA

Broker's Name

HYCM
Minimum Deposite Deposite Bonus Type of Platform Maximum Leverage
$100 Up to $5000 MetaTrader4 1:200 FCA, CySEC, CIMA

Broker's Name

HYCM
Minimum Deposite Deposite Bonus Type of Platform
Maximum Leverage
$5 Sign Up to 20% MetaTrader4
MetaTrader5
1:1000 FCA, CySEC, CIMA

Broker's Name

HYCM
Minimum Deposite Deposite Bonus Type of Platform

Maximum Leverage
$300 none MetaTrader4
Proprietary platform
Web-based
1:50 ASIC, FCA

5 Tips For Selecting A Forex Broker

first

Ease of Deposits and Withdrawals

Brokers may allow clients to fund accounts online with a credit card, via ACH payment or via PayPal, or with a wire transfer, bank checkor any other payment system.

second

Regulatory Compliance

Different countries have varying regulatory bodies and requirements so you should do your due diligence and confirm that your broker of choice has proper regulation. You can always verify the compliance of a broker by checking their website as well as the website of the respective regulator(s).

third

Trading Platform

You want a platform that has all the features and capabilities you’re looking for to succeed at trading. Metatrader 4 is currently considered as the most stable, fast and user-friendly platform on the market. You can open a demo account with any broker and test the platform before the live trading.

fourth

Customer Service

Dedicated account manager is a huge advantage for a beginner trader. On the first step you may have issues with technical aspects of trading, and here is the moment when the broker should give a helping hand. Don’t hesitate to ask any questions to a customer support manager. If you do not get a response in time - it might be a good idea to switch to another broker.

fifth

Reputation

Find information about the broker history. Check if broker has any fines/penalties with regulators, security commissions or courts. Clean reputation is a good guaranty for secure trading.