CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Most retail accounts lose money.
Broksal

Best CFD brokers in Canada

2 of the 7 brokers we review accept residents of Canada. XTB is our top pick. Availability last checked 6 October 2026.

How we score

Each broker gets five sub-scores out of 5:

Regulation and safety (30%), trading costs (25%), platforms and tools (20%), range of markets (15%) and ease of use (10%). The overall score is the weighted average, rounded to one decimal.

Availability is checked against each broker's published country lists. The ranking order is editorial and reflects our commercial agreements, so it does not always follow the scores. Full methodology

Advertiser disclosure

Broksal is free to use because some brokers pay us a commission when you open an account through our links. This can influence which broker we feature and the order in which brokers appear.

Commissions never change the facts we publish about regulation, fees or country availability, and they cost you nothing.

By , investing in forex and CFD markets since 2017. Updated . How we test

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    Interactive Brokers logo

    Interactive Brokers

    4.7

    The widest market access here, with low costs and top-tier regulation

    Minimum deposit
    No minimum
    Platforms
    Trader Workstation (TWS), IBKR Desktop, Client Portal (web) +2
    Entity for Canada
    Interactive Brokers LLC / regional affiliate — Top-tier regulators
    CFDs
    Yes
    Show pros, cons and feesHide details
    Interactive Brokers homepage screenshot
    Interactive Brokers homepage, showing the desktop platform and mobile app and the new AI-assisted analysis integrations.

    What we like

    • Listed on Nasdaq and regulated by top-tier authorities worldwide
    • Access to stocks, options, futures and bonds on 150+ markets
    • No minimum deposit and no inactivity fee
    • Accepts residents of most countries

    Watch out for

    • Trader Workstation has a steep learning curve
    • CFDs are not available to US residents
    • Account opening asks for more documents than most brokers

    Fees

    Two pricing plans: Fixed (one all-in commission) and Tiered (lower exchange-based commission plus pass-through fees). CFD commissions are charged per trade, with financing on overnight positions. There is no inactivity fee.

    Best for

    Experienced investors who want access to global exchanges.

    Visit Interactive BrokersRead the review

    CFDs carry a high risk of losing money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.

Trading from Canada: what to know

Canadian residents have fewer choices: XTB serves Canada through its French branch and Interactive Brokers through a CIRO-regulated Canadian entity. XM, IC Markets, IQ Option and eToro do not accept Canadians.

Tax

Trading profits are taxed either as business income or as capital gains with a 50% inclusion rate; the planned increase of the inclusion rate was cancelled in 2025. Frequent trading points towards business income. This is general information, not tax advice.

Trading CFDs from Canada: the rules

Financial services in Canada are supervised by the Canadian Investment Regulatory Organization (CIRO). International brokers usually onboard residents of Canada through an offshore entity, where leverage can be higher and investor protection is weaker than in the EU, UK or Australia. Check which entity you sign with and whether local rules restrict trading with foreign brokers.

Which entity will you sign with?

Most brokers run several regulated companies and assign you one based on where you live. For residents of Canada, this is typically:

BrokerEntityRegulator
XTBXTB International LimitedOffshore entity
Interactive BrokersInteractive Brokers LLC / regional affiliateTop-tier regulators

The broker confirms the entity during sign-up. Always check the legal name in your client agreement.

Brokers not available in Canada

XM, IC Markets, Freedom24, IQ Option and eToro do not accept residents of Canada according to their published country lists. Opening an account with false residency details breaks the broker's terms and can get your account closed with funds frozen.

Frequently asked questions

What is the best CFD broker in Canada?

XTB is our top pick for residents of Canada. Own platform, no minimum deposit, commission-free stocks and ETFs within a monthly limit.

Which brokers accept traders from Canada?

Of the brokers we review, XTB and Interactive Brokers accept residents of Canada.

Which brokers are not available in Canada?

XM, IC Markets, Freedom24, IQ Option and eToro do not accept residents of Canada according to their published country lists.

Is CFD trading legal in Canada?

Rules differ by country. Brokers that accept residents of Canada do so under their own licences, but local law may restrict trading with foreign brokers or moving money abroad. Check with the Canadian Investment Regulatory Organization (CIRO) if unsure.

Do most traders lose money with CFDs?

Yes. Regulated brokers must publish the share of retail accounts that lose money, and it is typically well above half. Only trade with money you can afford to lose.