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RegulatorsBrokers by Market Signal

Online trading platforms in Canada

Who can legally serve Canada residents, and how they rank. Rankings use the licensed entity each broker would open your account with. Local regulators: CIRO, CSA.

Forex brokers

Full ranking (6) →
  1. 1OANDA logoOANDA3.5/5
  2. 2CMC Markets logoCMC Markets4.1/5
  3. 3FOREX.com logoFOREX.com4.1/5

CFD brokers

Full ranking (5) →
  1. 1OANDA logoOANDA3.5/5
  2. 2CMC Markets logoCMC Markets4.1/5
  3. 3FOREX.com logoFOREX.com4.1/5

Stock brokers & investing apps

Full ranking (5) →
  1. 1moomoo logomoomoo3.8/5
  2. 2Webull logoWebull4.3/5
  3. 3Interactive Brokers logoInteractive Brokers4.1/5

Crypto exchanges

Full ranking (6) →
  1. 1Coinbase logoCoinbase4.1/5
  2. 2Crypto.com logoCrypto.com4.2/5
  3. 3Kraken logoKraken4.0/5

Rules in Canada

Quoted from the regulators. Coinish only links to providers whose entity is allowed to serve Canada residents.

Forex

Local licence required

Firms trading with Canadians must be registered with the securities regulator of each province or territory where they do business. CIRO oversees the investment dealers.

Regulator sources (2)
  • “anyone in the business of trading securities or advising clients on securities must be registered with the securities regulator in each province or territory where they do business”

    securities-administrators.ca · Jan 14, 2026

  • “CIRO oversees investment and mutual fund Dealers and their representatives across Canada”

    ciro.ca · May 28, 2026

CFDs

Local licence required

Firms trading with Canadians must be registered with the securities regulator of each province or territory where they do business. CIRO oversees the investment dealers.

Regulator sources (2)
  • “anyone in the business of trading securities or advising clients on securities must be registered with the securities regulator in each province or territory where they do business”

    securities-administrators.ca · Jan 14, 2026

  • “CIRO oversees investment and mutual fund Dealers and their representatives across Canada”

    ciro.ca · May 28, 2026

Stocks & ETFs

Local licence required

Brokers must be registered with Canadian securities regulators (dealers are overseen by CIRO).

Regulator sources (1)
  • “anyone in the business of trading securities or advising clients on securities must be registered with the securities regulator in each province or territory where they do business”

    securities-administrators.ca · Jan 14, 2026

Crypto

Local licence required

Crypto trading platforms serving Canadians, including those based abroad, must be registered with Canadian securities regulators.

Regulator sources (1)
  • “Platforms located outside of Canada that provide services to Canadians must also be registered in Canada”

    securities-administrators.ca · Mar 5, 2026