Best Forex Brokers Authorized In Quebec And Canada
For traders wishing to trade forex in Quebec and Canada, it is important to choose a broker authorized and regulated by the financial authorities. There are several advantages to using a forex broker authorized and regulated by the financial authorities of Quebec and Canada. First, a forex broker registered with the Investment Industry Regulatory Organization of Canada (IIROC) and the Autorité des marchés financiers du Québec (AMF) must meet strict criteria on its liquidity and business practices.
In addition, forex brokers authorized in Quebec and Canada are members of the Canadian Investor Protection Fund (CIPF) which offers security to clients in the event of bankruptcy by guaranteeing funds of up to 1 million Canadian dollars.
All forex brokers included on this page are authorized and regulated by the Investment Industry Regulatory Organization of Canada (IIROC), the Autorité des marchés financiers du Québec (AMF) and members of the Canadian Investor Protection Fund (CIPF).
Table of the best forex brokers in Quebec
Forex Broker | Quick Facts | Trading Platforms | Website |
1. Friedberg Direct – Avatrade | » Founded in 2006 » Minimum Deposit $100 » +50 currency pairs |
» AvaOptions » Metatrader 4 » Metatrader 5 |
» Official Website |
2. Fortrade | » Founded in 2014 » Minimum Deposit 200$ » 60 currency pairs |
» Metatrader 4 » WebTrader |
» Official Website |
3. Questrade | » Founded in 1999 » Minimum Deposit 1000$ » +50 currency pairs |
» FX Global » Metatrader 4 » IQ Edge |
» Official Website |
1. Friedberg Direct – Avatrade
Friedberg Direct is a division of Friedberg Mercantile Group Ltd., a Canadian brokerage regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and member of the Canadian Investor Protection Fund (CIPF) dedicated to providing its clients a safe trading environment.
Friedberg Direct offers the world-renowned technology of the forex broker Avatrade to traders in Quebec and Canada. Several trading instruments are offered on advanced trading platforms, instant execution and quality technical support.
Trading platforms: Metatrader 4, Metatrader 5, Avaoptions, DupliTrade.
Minimum deposit: $100
Financial products: Forex, Commodities, Shares, ETFs, Stock Indices.
Regulation: IIROC (Investment Industry Regulatory Organization of Canada), AMF (Autorité des Marchés Financiers du Québec).
Free Demo » Open Demo Account
Real Account » Open Real Account
Learn More » Official Site
2. Fortrade
Fortrade offers access to more than 300 global markets, including more than 60 currency pairs, hundreds stocks and more on the powerful Metatrader trading platforms.
Clients can access forex trading markets through powerful trading platforms including Metatrader 4, as well as numerous mobile trading apps for iPhone and Android devices. Fortrade is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).
Trading platforms: Metatrader 4, Web Trader.
Minimum deposit: $200
Trading products: Forex, Commodities, Shares, Stock Indices.
Regulation: IIROC (Investment Industry Regulatory Organization of Canada), AMF (Autorité des Marchés Financiers du Québec).
Free Demo » Open Demo Account
Real Account » Open Real Account
Learn More » Official Site
3. Questrade
Questrade, as a forex broker, offers competitive pricing on over 55 currency pairs. In addition, Questrade also offers favorable terms for trading US and Canadian stocks with commissions as low as 1¢ per share and options for $6.95 +75¢ per contract.
Questrade offers an additional title insurance policy, through Lloyd’s of London. This policy protects clients beyond CIPF limits, up to a maximum of $9 million CAD per client and is subject to maximum collateral limits determined by Questrade.
Trading platforms: FX Global, Metatrader 4, IQ Edge.
Minimum deposit: $1000
Financial products: Forex, Commodities, Shares, Bonds, Stock Indices.
Regulation: IIROC (Investment Industry Regulatory Organization of Canada), AMF (Autorité des Marchés Financiers du Québec).
Free Demo » Open Demo Account
Real Account » Open Real Account
Learn more » Official Site