The best CFD brokers in Canada will depend on your individual trading needs and goals. Some of the key factors to consider when choosing a CFD broker in Canada include regulation, fees and commissions, the trading platform, asset selection, and customer service.
In Canada, CFD brokers are regulated by the Investment Industry Regulatory Organization of Canada (IIROC). Some popular CFD brokers in Canada include Plus500, eToro, and IG, but there are many other brokers to choose from.
When comparing CFD brokers in Canada, it’s important to carefully research and compare their offerings and to carefully read and understand the terms and conditions of the CFD contract before you start trading. It’s also a good idea to read reviews and check the broker’s reputation to get a sense of their reliability and customer service.
The Investment Industry Regulatory Organization of Canada (IIROC) is a self-regulatory organization that oversees investment dealers and trading activity in the Canadian capital markets. IIROC is responsible for setting and enforcing rules and regulations for the industry, including rules for the supervision, sales practices, and business conduct of its members.
IIROC was created in 2008 through the consolidation of two existing self-regulatory organizations, the Investment Dealers Association of Canada (IDA) and the Market Regulation Services Inc. (RS). IIROC is recognized by the Canadian Securities Administrators (CSA) as a national self-regulatory organization for the investment industry.
IIROC’s mandate is to protect investors and strengthen market integrity by setting and enforcing high standards of conduct and proficiency for its members. IIROC also plays a role in promoting fair and efficient capital markets by working with other regulators and industry stakeholders.