Forex regulation in Canada
This page explains the authorities and public records connected with retail forex and CFD activity in Canada. Rules can depend on the product, legal entity, client type and location.
Regulatory overview
CIRO dealers only; provincial rules apply on top.
Authorities
Broker records
| Broker | Authority | Licence | Status | |
|---|---|---|---|---|
 Plus500 9.0/10 | CIRO | Not confirmed | Review pending | View licence record |
 CMC Markets 8.5/10 | CIRO | Not confirmed | Review pending | View licence record |
 FOREX.com 8.2/10 | CIRO | Not confirmed | Review pending | View licence record |
 Questrade 7.9/10 | CIRO | Not confirmed | Review pending | View licence record |
 Fortrade 7.7/10 | CIRO | Not confirmed | Review pending | View licence record |
 OANDA 7.5/10 | CIRO | Not confirmed | Review pending | View licence record |
Client protections
Under CIRO
- Client-money rules
- Applies in limited circumstances
- Capital requirements
- Varies by licence
- Negative balance protection
- Not confirmed
- Leverage restrictions
- Not confirmed
- Compensation scheme
- Potentially available subject to eligibility
- External dispute resolution
- Not confirmed
- Risk disclosures
- Required for relevant firms
- Reporting or audit
- Required for relevant firms
Complaint routes
We have not confirmed a public complaint-submission route for an authority in Canada. Check the official website and the broker's governing documents.
Official warnings
No official warnings connected with Canada are recorded.
Frequently asked questions
Is forex trading regulated in Canada?
CIRO is the authority on record for Canada. CIRO dealers only; provincial rules apply on top.
Does a foreign licence protect a trader in Canada?
Only when the account is legally contracted with the licensed entity and the licence permits the relevant service. A broker brand may operate several entities, and the protections follow the entity that signs the account agreement, not the brand.