The Best Forex Trading Apps in Canada

Today it is not necessary for you to use the web client of your trading platform. It is because almost every trading platform comes with a Forex trading Canada app. Thus, you can stay online anytime, anywhere from your smartphone using that app. However, the experience with every application is not the same, so it is necessary to carefully select your trading application.

Here is everything you need to know about selecting the best Forex trading Canada app and our top picks.

Compare Top Canadian Forex Trading Apps

Broker
Rating
Regulated
Min. Deposit
Bonus
Max. Leverage
1.
FXCC

CySEC, FCA

Min $100 Deposit

100% First Deposit

1:500

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
2.
Avatrade

ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA

Min $100 Deposit

Up to 40% Deposit Bonus

400:1

Review » Open Account » Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3.
Eightcap

ASIC, VFSC

Min $100 Deposit

$30 No Deposit Bonus

500:1

Review » Open Account » Open Account
Terms & conditions apply
Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).
4.
easyMarkets

CySec, ASIC, BVI

Min $100 Deposit

Up to 50% With Sign-up

1:30

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
5.
Blackbull Markets

ASIC, VFSC

Min $50 Deposit

-

500:1

Review » Open Account » Open Account
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
6.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

-

500:1

Review » Open Account » Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
7.
LegacyFX

CySEC, VFSC, NBRB, FCA

Min $250 Deposit

-

1:200

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
8.
Forex.com

FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC

$100

Up to $5000 Welcome Bonus

50:1

Review » Open Account » Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How to know which Forex trading Canada app is right for you?

There are several applications available in the market that provide Forex trading options. However, all of those applications are not good. So, here are the top 4 things to consider when selecting your Forex trading application for the best experience.

Regulation is the most important thing

The first quality to check in your Forex trading platform and its application is the regulation with your local regulatory authorities. You will need IIROC regulation in Canada for the most reliable and safest experience.

Features and functionalities

After you get a Forex trading platform that IIROC regulates, you will need to check all the features and functionalities it provides. Make sure to select the platform that provides all of your required features.

Trading options

Next up on the list are the trading options and instruments. More is better, but if you want a specific trading experience, you only need to look for those options.

Customer service and Experience

The last thing that matters here is the experience you get. It includes the user experience of the application as well as the customer service experience.

These things ensure that you get the best Forex trading application.

The 6 best Forex trading Canada App Reviewed

All of the top Forex trading platforms provide their trading application. Here we have shortlisted the top 6 Forex trading Canada app choices for you. Now you can easily check which of these brings the best experience for you according to your requirements. See which of these Forex brokers will work for you in USA here.

1. AvaTradeGo

AvaTradeGo is the mobile application provided by AvaTrade. It has been providing its services since 2006 and is a leading trading platform in Canada. There are no reliability issues here because the broker only is regulated by IIROC. It also comes with many other regulations.

Here you get over 250 trading tools from one application. Thus, this one application helps you trade in crypto, securities, indices, and stocks.

2. IBKR Mobile

Interactive Brokers was set up in 1977, and its app IBKR Mobile is among the top trading apps in Canada for Forex trading. While the trading experience here is great, it is known for low trading fees. There are a few things that you can set up to display according to your custom requirements.

The best part is its streaming function which provides a desktop-like experience. The charting interface is good, which makes all the trading stats clear while you get over 80 indicators here.

3. IG Trading

IG Markets is the best-known platform in the world of CFD trading, and its application IG Trading is your best choice for Forex trading in Canada. IG Trading app is safe to use and feature-rich. It brings features and a user-friendly interface that is good to start for beginners and useful enough for the experts and experienced brokers out there.

The application has 20 drawing tools with 30 TA indicators to help you through trading. There is a lot of other useful feature out of which biometric security is the one that enhances security for you.

4. Oanda fx Trade

If you want the best analytical experience from your mobile trading app, go with Oanda fx Trade. Oanda has one of the best applications for both iOS and Android users out there. It brings a safe and reliable experience, but the main highlight is the list of educational and research features it brings.

This way, the Oanda fx Trade application enhances your experience with better analytical tools. The best part about it is that 30 technical indicators and a charting tab can be customized according to your needs.

5. FXCM Trading Station

FXCM is also safe and reliable for traders in Canada, and it brings good value for traders as well. First of all, withdrawals and deposits are made user-friendly. The user interface of this application is feature-rich yet easy to navigate through.

Different drawing tools have magnifier features to get the most accurate trendlines. Thus, the overall experience of the FXCM Trading Station mobile app is simple, easy, and good, with almost 60 indicators.

6. CMC Markets Invest

CMC Markets is an online broker and reliable brokers. It is not only regulated by IIROC but by 7 others as well. The CMC Markets Invest mobile trading application brings a simple design for a good experience. There is a lot of educational content here.

Along with that, you get a powerful interface for charting. The CMC Markets Invest mobile app also has good market research tools and 29 indicators. The best part is that if you have been using its web client, you can easily sync your old indicators with the mobile app.

The 6 best Forex trading Canada App options – Comparison

Below are all the basic qualities you need to check in your Forex trading application before opening your account there.

App IIROC Regulation Minimum Deposit CAD Account Max Leverage
AvaTradeGo Yes $100 No 1:400
IBKR Mobile Yes $0 Yes 1:50
IG Trading Yes $300 Yes 1:200
Oanda fx Trade Yes $1 No 1:200
FXCM Trading Station Yes $50 No 1:30
CMC Markets Invest Yes $0 No 1:500

A CAD account is beneficial if you are looking to start Forex trading in Canada because you can do all the calculations according to your base currency. However, only a few platforms provide this feature. With the help of this comparison table above, you can easily check which of these applications brings the best functionality for you.

Conclusion

Selecting the right Forex trading Canada app is your first step toward a good trading journey. So, be careful when selecting your Forex trading platform and application. However, selecting the right app does not mean everything will be right. Once you select your trading app, you must start working on your trading strategy and other things to ensure the best-earning chances.