Fx, foreign exchange or the forex market is the world’s most liquid and largest financial market. We are here to guide you and explain the fx market, where the exchange of currencies (e.g. USD, EUR, bitcoins) takes place.

News

Taper Nervous Breakdown

The next time the Fed reduces its bond purchase program the market reaction should be more like a nervous breakdown… Continued

Markets end 2020 in “risk on” mode

Macroeconomic/ geopolitical developments Trump finally signed the $900 billion COVID relief bill, a relief for markets.The EU-UK trade deal finally… Continued

US Dollar ends 2020 still very weak!

Major reversal on EuroPound Breaks upUS Dollar-CAD fails at major resistanceKiwi support rises Continued

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Top Brokers in Canada

Broker Pros Features  
Founded: 1999 Reg: NFA, CF...
HQ: United ...
4.6/5
91/100

- Regulated by IIROC
- Trusted Global Market Leader
- Regulated in US, UK and Canada
- Online FX & CFD Trading
- 180+ Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
- Forex, Indices, Commodities, Equities & Bitcoin

Min. Deposit: $100
Pairs Offered: 84+
Leverage: 1:30 UK/EU. 1:500 US

Trust Score: 91/100
Founded: 2001 Reg: ASIC, C...
HQ: Cyprus...
4.5/5
90/100

- 24/5 Shares Trading
- 0% Commission
- 300 plus trading instruments.
- Deal cancellation feature.
- Fixed spreads.

Min. Deposit: $100
Pairs Offered: 200+
Leverage: Up to 1:30
Withdrawal Process Time: 1 day
Trust Score: 90/100
Founded: 2011 Reg: CySEC...
HQ: Cyprus...
4.8/5
96/100

- 50% bonus with every deposit!
- Some of the lowest spreads in the industry
- No commissions or swaps
- Ultra-fast trades execution
- Instant deposits and fast withdrawals

Min. Deposit: $5
Pairs Offered: 48
Leverage: Up to 1:500
Withdrawal Process Time: Within 24 hours
Trust Score: 96/100
Founded: 2016 Reg: ASIC, C...
HQ: Austral...
4.5/5
90/100

- Tight Spreads
- Welcome bonus
- Customized IB structure

Min. Deposit: $200
Pairs Offered: 167
Leverage: 500:1
Withdrawal Process Time: 1-3 Business Days
Trust Score: 90/100
Founded: 2014 Reg: FMA, FS...
HQ: New Zea...
4.5/5
90/100

- 1:500 leverage
- Multi award-winning New Zealand broker
- Institutional-grade spreads from 0.0 pips

Min. Deposit: $200
Pairs Offered: 300+
Leverage: 1:500
Withdrawal Process Time: Within 24hrs
Trust Score: 90/100
Founded: 2014 Reg: FCA, Cy...
HQ: Seychel...
4.5/5
90/100

- Regulated by FCA and CySEC
- Low Spreads
- Low Commissions
- Low swaps

Min. Deposit: $100
Pairs Offered: 60+
Leverage: Up to 1:500
Withdrawal Process Time: 1 working day
Trust Score: 90/100

What is FX Explained Canada and why are you here?

  • Are you from Canada and interested in Forex Trading and just do not know where to start?
  • Do you have questions about the legality of Forex Trading in Canada?
  • Are you currently trading and struggling, finding it difficult to achieve consistent profits?
  • Do you not fully understand some of the language being used on other FX or Trading websites?
  • Are you having difficulty choosing the best Broker in Canada?

FX Explained Canada is here to help and guide you. Forex explained in an easy way!

We have a passion for Financial Markets and for helping those trying to find their way in the complicated world of Currency Trading and Investing.

Originally we successfully helped UK traders and now we aim to help traders from Canada as well. Today it is legal to trade forex in Canada as long as you pay tax on your capital gains or business income. And, needless to say, you need to abide by all financial laws and not be involved in money laundering. Regulations have been set in place by the Canadian Securities Administrators (CSA), which is the main financial regulator in Canada and also an umbrella regulator for the thirteen provincial regulators. The Investment Industry Regulatory Organization of Canada (IIROC) is the main forex regulator catering to the retail FX market. With a total of fifteen regulators in the market, Canada provides one of the safest trading environments in the world for retail FX traders. All gains that Canadian traders make need to be declared to the Canada Revenue Agency (CRA).

Whether you are a complete novice or seasoned veteran, we believe that our high level of expertise and knowledge about Canada, combined with a simple approach will help you to develop confidently in this sometimes difficult world of forex trading.

We aim to:

  • Be a guide for you in how FX Trading works for traders in Canada.
  • Offer trading tools that you can use in your everyday trading.
  • Provide a comprehensive knowledge base that you can draw on.
  • Help you decide who you should trade with and pick the best broker to trade with when you are from Canada.
  • Provide timely updates on important FX developments (via email).

We welcome all traders from Canada to join the FX Explained community to help you become a better trader! We don’t show you how to trade, we help you to become a Trader!

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