Best Futures Trading Platforms in Canada 2025

Thadeus Geodfrey is an experienced and celebrated writer and self-taught trader specialising in cryptocurrencies and forex. Market analysis, identifying fraudulent brokers, and security are his cup of tea. At BrokerRaters Thadeus develops educational materials and user-guides, offer market insights, ensures our content conforms to the best standards. Join Thadeus to succeed in your trading endeavours.

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Welcome to futures trading, where, with a bit of capital, you can speculate on the future prices of diverse assets and earn high rewards. You just need adequate knowledge and a reliable trading platform. Speaking of reliable platforms, a broad spectrum of futures brokers are available in Canada, from shoddy and scammy sites to reliable and trustworthy entities.

Today, we will make it easier for you to find the best futures trading platform in Canada and avoid brokers that will make it harder for you to succeed. Our experts vetted countless service providers based on regulatory compliance, past user feedback, fees, and other aspects. We then picked the best 5, which we’ve reviewed here.

List of the Best Futures Trading Platforms

  • FP Markets – Best for Traders Looking for a Cost-Friendly Futures Broker
  • Interactive BrokersBest Futures Broker for Professionals
  • AvaTradeBest Futures Broker for Beginners
  • SaxoBest Futures Broker for High-Net-Worth Investors
  • Forex.comBest for Traders Seeking Comprehensive Futures and Forex Integration
In This Guide

Canadian Futures Brokers: Comparison Table

The Canadian futures brokers we encountered while searching for the best service providers varied widely. We stumbled upon everything from reputable brokers with the best specs to shoddy companies without discernible licensing. Our expedition made us realize how easy it is to settle for a terrible service provider, a move that can have countless repercussions, from slow support to significant financial losses.

We want you to be extremely cautious when selecting the best futures broker Canada FOR YOU. Our goal is to make the process as easy and smooth as possible. For this reason, we will start with a comparison table outlining some aspects that encourage us to recommend the service providers we are about to review.

Futures Trading PlatformLicense & RegulationSupport ServiceSoftwarePayment MethodDemo Account
FP MarketsCIRO, FCA, MAS, FSCA, ASIC, CMA, CySEC, FSA24/7MT4, MT5, TradingView, cTrader, WebTrader, Mobile App, Copy TradingCredit/debit cards, Neteller, Skrill, Bank transfer, Google Pay, Apple Pay Yes
Interactive BrokersCIRO, FCM, SEC, FINRA, CFTC, NFA, FCA24/5Trader Workstation, IBKR Global Trader, IBKR Desktop/Mobile, IBKR APIs, IBKR ForecastTrader, IMPACTOnline banking, Wise, Online BPAYYes
AvaTradeCIRO, FCA, MAS, FSCA, CBI, CySEC, PFSA, ASIC, B.V.I FSC, FSA, ADGM, ISA24/5WebTrader, AvaOptions, AvaTrade App, Mac Trading, MT4, MT5, Automated TradingCredit/debit cards, Neteller, Skrill, Wire transfer, WebMoneyYes
SaxoCIRO, FSA, ASIC, FCA, IMA, MAS, SFC, JFSA24/5SaxoTraderGO, SaxoTraderPRO, SaxoInvestorBank transfer, credit/debit cards, Quick paymentYes
Forex.comCIRO, FCA, CFTC, CySEC, NFA, CIMA, FSA, MAS, ASIC24/5WebTrader, Mobile App, MetaTrader 4, MetaTrader 5, TradingViewCredit/debit cards, PayPal, Wire transferYes 

Platforms Short Overview

Trading gurus like us know the importance of trading with a broker that offers the right assets. Our escapades have also taught us that trading with companies that aren’t hell-bent on profiting from high fees is indispensable to each trader’s success. That is why we had to include quick comparison tables of our recommended futures brokers’ fees and assets.

Fees

Futures Trading PlatformMinimum Deposit RequirementCommission/ SpreadsDeposits/ WithdrawalsInactivity Fee
FP MarketsCA$100From 0 pipsFreeCA$0
Interactive BrokersCA$0From 0.1 pipsFreeCA$0
AvaTradeCA$100From 0.13 pipsFreeCA$50 after every 3 consecutive months of inactivity
SaxoCA$0From 0.6 pipsFreeCA$0
Forex.comCA$100From 0.0 pipsFree£15 monthly

Assets

Futures Trading PlatformStocksForexCryptoCommoditiesIndicesETFsOptions
FP MarketsYesYesYesYesYesYesYes
Interactive BrokersYesYesYesYesYesYesYes
AvaTradeYesYesYesYesYesYesYes
SaxoYesYesYesYesYesYesYes
Forex.comYesYesYesYesYesYesNo

Our Expert Opinion About Futures Brokers

A highlight of essential factors can point you in the right direction. But you should make final decisions based on highlights alone. To avoid making detrimental mistakes and regretting them in the future, you must evaluate every potential futures broker before picking one sign provider for your trading needs. The reviews we’ve included below will help you to that end.

1. FP Markets – Best for Traders Looking for a Cost-Friendly Futures Broker

Cost-conscious individuals should consider trading futures with FP Markets. We recommend this broker because, first, it has transparent fees. Our team had no problem finding the company’s stipulated charges, from its spreads to standard charges for international futures CFDs. The charges we encountered were competitive and reasonable.

While trading futures with FP Markets, you can fund your account with CA$100 and dive in without any hassles. Expect no charges since this broker charges zero deposit fees and covers charges associated with funding methods like SWIFT, Online Banking, and Plusdebit. When it’s time to cash out, your returns will be as juicy as ever since the broker doesn’t have internal withdrawal fees.

FP Markets offers an impressive array of trading platforms, from MT4 and MT5 to TradingView, cTrader, and the proprietary WebTrader and FP mobile app. In addition to futures, this broker’s clients can trade over 10,000 diverse financial instruments, including forex pairs, metals, and shares. Many of these have low commissions and spreads starting from 0.0 pips.

FP Markets

✔Low minimum deposit requirement
✔Hosts numerous learning and market analysis tools

trustpilor logo
7,478 User Reviews
google
0 User Reviews
apple
3 User Reviews
financeraters logo
Our Rating
Total Rating:
7,481 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Transparent fees and charges
  • Free deposits and withdrawals
  • MT4, MT5, and more are available
  • Over 10,000 instruments
  • 24/7 multilingual support service
  • Low spreads and commissions

Cons

  • Higher spreads on Standard accounts
  • CA$70 platform fee on Iress

We reviewed the applicable FP Markets fees, and like that the broker has a transparent structure. This allows users to efficiently plan for their activities without worrying about incurring additional costs. There are no hidden charges and no price manipulation with this broker.

Trading and Non-Trading Charges Details
Account Opening $0
Management Fee $0
Minimum Deposit Requirement From $50, depending on your jurisdiction
Commission From 0%
Spreads From 0.0 pips on major currency pairs
Deposits and Withdrawals Free deposits. Withdrawal fees apply based on the payment method used
Inactivity $0
Overnight Funding Varies based on global market conditions
Copy Trading Free

There are more than 10,000 CFD instruments at FP Markets across various asset classes. These include forex, shares, commodities, cryptos, and more. The best element about exploring these securities is that you have access to multiple platforms to choose from. Whether you prefer the MT4, MT5, cTrader, or TradingView, FP Markets has it all for you. You are guaranteed quality resources to maximize your potential.

When it comes to leverage applications, FP Markets has favorable limits for all types of traders. Retail traders can get up to 30:1, while professionals get 500:1. Moreover, we discovered multiple account types to suit every trader’s needs.

Here is a breakdown of the number of assets you will trade at FP Markets Standard, Raw, and Iress accounts.

Asset Class Number Offered
Forex 70+ currency pairs
Shares 10000+
Indices 19+
Commodities 12+
Cryptocurrencies 12+
ETFs 46+
Bonds 2+
Futures 7+

Disclaimer: CFD trading is risky, especially with the application of leverage attached. While many traders earn good profits from it, it can leave you with massive losses should a trade work out against you. Therefore, start by understanding CFD trading and all the risks involved before venturing into such securities. Remember, over 76% of retail traders lose money in CFD trading.

2. Interactive Brokers – Best Futures Broker for Professionals

Interactive Brokers is best suited for professionals with years of market exposure. Trading with this broker as a pro will enable you to access an extensive range of markets, including futures. The trading platform has a whopping 150 markets from over 30 countries. Since it has a diverse clientele, the broker allows account holders to deposit money in over 20 currencies, including the Canadian Dollar, Czech Koruna, and Indian Rupee.

Join IBKR today and enjoy some of the lowest commissions and spreads in the industry. This broker charges commissions ranging from CA$0.25 per contract for futures trading. The lowest commissions are for pro traders with monthly volumes exceeding 20,000 contracts. You can also diversify your portfolio with assets like US-listed stocks and enjoy sharp commissions from CA$0.

Interactive Brokers offers a couple of unique trading platforms. The best one for professionals is TWS, which boasts intuitive, out-of-the-box usability and a conglomeration of next-gen trading, analysis, and research tools. Plus, TWS comes with over 100 algos and order types, which you can use to limit risk exposure, enjoy optimum speed execution, and more.

Interactive Brokers

✔$0 minimum deposit requirement
✔No account inactivity fees

trustpilor logo
3,095 User Reviews
google
46,900 User Reviews
apple
9,700 User Reviews
financeraters logo
Our Rating
Total Rating:
59,695 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Extensive market access
  • Low commissions and spreads
  • Advanced trading platforms and tools
  • Free deposits and withdrawals
  • No inactivity fee

Cons

  • Proprietary platforms only
  • Its pricing model doesn’t favour low-volume traders

After conducting thorough research and extensive assesments, we can confidently categorize Interactive Brokers as one of the most affordable service providers out here. As we’ve already mentioned, this company has no minimum deposit requirement. Plus, it allows traders to fund their accounts with payment methods like ACH and wire transfer at no additional cost. We also highly recommend IBKR because, unlike other brokers, it doesn’t require traders to pay inactivity fees for dormant accounts.

Here’s an overview of the Interactive Brokers fees and charges our team unearthed during our evaluation and exploration:

Type Fee
Account opening and maintenance $0
Deposit $0
Withdrawal Yes
Inactivity $0
Overnight charges Yes
Currency conversion 0,5%

Tens of thousands of instruments are available on Interactive Brokers, which is one of the reasons we highly recommend this service provider. You should have an easy time finding your favorite assets and diversifying your portfolio on IBKR. Here’s a brief rundown of the assets we discovered while researching and assessing this terrific broker:

  • Stocks: IBKR offers thousands of stocks, and they come with juicy commissions starting from $0.
  • ETFs: With an IBKR account, you can trade different ETFs around the clock and enjoy low commissions starting from $0.
  • Options: Many options are available on the IBKR trading platform, and the best part is they come with commissions as low as $0.15 per contract.
  • Futures: IBKR offers its users access to futures on a broad selection of asset classes, from cryptocurrencies and metals to agriculture, energy, and interest rates. The contracts come with tight commissions starting at $0.25 per contract.
  • Currencies: While trading with IBKR, you can access over 100 currency pairs with spreads as sharp as 0.1 pips. Popular pairs range from GBP/USD and EUR/USD to USD/JPY and USD/CAD. 
  • US spot gold: IBKR allows US spot gold enthusiasts to trade their favorite asset and enjoy low, transparent commissions. The best part is that with this broker, you can leverage efficient pricing in low quantities starting from 1 ounce.
  • Bonds: This broker gives traders unmatched access to a humongous selection of 1 million+ global bonds. These products have low commissions and zero built-in spreads or mark-ups.

3. AvaTrade – Best Futures Broker for Beginners

AvaTrade is the friendliest futures broker for beginners. Its platforms are simple and intuitive enough to allow newbies to dive into the murky waters of online trading without getting overwhelmed prematurely. The broker has multiple platforms, from the AvaTrade mobile app and WebTrader to AvaOptions, MT4, and MT5.

You won’t need to play Russian roulette with your hard-earned money when trading with AvaTrade. This broker has a vast network of educational resources you can use to educate yourself before getting started. Visit AvaAcademy today and learn the basics of trading everything from futures and forex to crypto commodities and indices. You can learn and practice regularly with a free demo account.

AvaTrade also offers you the opportunity to trade and earn while you’re learning and honing your skills. It does that through 2 outstanding automated trading platforms: AvaSocial and Duplitrade. AvaSocial offers you the chance to connect and conquer the financial markets with other traders. On the other hand, with Duplitrade, you get to automatically copy moves made by the most seasoned and profitable traders.

AvaTrade

✔Regulated by FCA
✔The platform supports algorithmic trading

trustpilor logo
9,035 User Reviews
google
10,400 User Reviews
apple
25 User Reviews
financeraters logo
Our Rating
Total Rating:
19,460 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Simple, intuitive platforms
  • MT4 and MT5 are supported
  • Beginners can copy pros through automated trading
  • Extensive educational materials
  • Strong customer support

Cons

  • High inactivity fees
  • Could do with additional financial instruments

Our experts investigated the AvaTrade broker’s fees and charges. We first noticed that the platform has a modest minimum deposit requirement of $100. What’s more, its users pay no additional costs while depositing funds or cashing out. That makes AvaTrade an ideal broker for both cost-conscious and newbie traders who want to test their waters with small capital before going all in.

That said, AvaTrade requires dormant account holders to pay $50 after every 3 consecutive months of inactivity. Moreover, if you let your account remain inactive for over successive months of inactivity, the broker will charge you a $100 administration fee. Not to forget, AvaTrade requires traders who hold positions overnight to cover a premium.

Here’s a breakdown of the fees you should expect to encounter while trading with this service provider:

Fees and Charges Amount
Spreads From 0.9 pips
Administration fee $100
Inactivity fee $50
Overnight premium Yes

The AvaTrade trading platform’s users have access to over 1,250 financial instruments, from forex pairs and indices to commodities, options, ETFs, and more. Below is an overview of some of this service provider’s product offerings:

  • Forex: As an AvaTrade user, you can trade diverse popular currency pairs, like EUR/USD, CAD/JPY, and USD/TRY. You can also boost potential returns with leverage of up to 400:1.
  • Commodities: From crude oil to silver, corn, and platinum, countless commodities are available on the Ava trading platform. They have competitive spreads and juicy leverages for individuals who want to access larger positions with small capital.
  • Cryptocurrencies: With an AvaTrade account, you can trade crypto CFDs like BTC/USD, Ripple, and Bitcoin Gold. These assets have reasonable spreads starting from 0.10% over-market.
  • Stocks: Over 90 stocks are accessible on the AvaTrade platform, including popular products like Groupon, Apple, and Microsoft. You can trade such instruments and enjoy reasonable spreads starting from 0.13%.
  • ETFs: If you want to trade ETFs, AvaTrade has you covered. You’ll find numerous outstanding assets, such as the MSCI EAFE Index Fund, S&P 500 VIX Short-Term Futures ETN-Series B, and Energy Select Sector SPDR.
  • Indices: After opening an AvaTrade account, you’ll get uncapped access to US500, UK100, CHINA A50. The broker also allows index traders to enhance potential returns with up to 100:1.
  • Options: AvaTrade’s AvaOptions trading platform allows users to trade options. It’s also equipped with 13 strategies, including call spread, put spread, and straddle.

4. Saxo – Best Futures Broker for High-Net-Worth Investors

Saxo is the right broker to trade with if you are a high-net-worth trader. Trusted by over 1 million people, Saxo offers one of the most extensive product ranges today. With this broker, you can trade over 250 futures on energy, equity indices, agriculture, and more. You’ll also have the opportunity to diversify with a wide variety of instruments, from 5,200 bonds to CFDs on forex, options, ETFs, and more.

Saxo allows high-net-worth traders and investors to enjoy incredibly competitive pricing. Join its VIP class and enjoy commissions as low as CA$1 per contract, which is significantly lower than the CA$3 per contract offered to Classic account holders. Moreover, you can invest in zero-commission mutual funds and reap handsomely.

Choose an account that caters to your needs and preferences after signing up with Saxo. As a high-net-worth client, you can opt for a professional account, which lacks many of the regulatory protections tailored for less-experienced traders, or become a Saxo VIP, a status that comes with the lowest costs, priority support, and more.

Pros & Cons

Pros

  • Super-low prices for high-volume traders
  • Priority client support for VIPs
  • Competitive commissions on futures
  • Tens of thousands of tradable instruments
  • Investment products like stocks and bonds are available

Cons

  • CA$1 million minimum initial funding requirement for VIPs
  • Higher spreads and commissions than many of its peers

5. Forex.com – Best for Traders Seeking Comprehensive Futures and Forex Integration

We strongly recommend Forex.com to futures traders who prefer diversifying their portfolios with forex pairs. Sign up with this service provider and start trading futures on diverse instruments, from agriculture, metals, and crypto to equity indexes, crypto, and biofuels. You can trade with a StoneX Futures Standard account designed for active, self-directed traders or opt for a StoneX Futures Premium account if you prefer having a designated point of contact.

While trading futures with Forex.com, you’ll have ample opportunity to dabble in forex. This broker has over 80 FX pairs, including CAD/JPY, GBP/USD, and AUD/CAD. You can use diverse platforms to trade such instruments, including coveted third-party solutions like MT4 and MT5.

Forex.com’s pricing model is nothing short of competitive. You can open a RAW account with this broker and get exposure to spreads starting from 0.0 pips. The company doesn’t charge deposit or withdrawal fees, so rest assured you’ll be in the best position to minimize costs. Not to forget, Forex.com offers other markets, including indices, stocks, and crypto.

Pros & Cons

Pros

  • Compatible with MT4, TradingView and MT5
  • Over 80 currency pairs
  • Low FX spreads starting from 0 pips
  • Offers leverage trading
  • Excellent customer support

Cons

  • CA$15 monthly inactivity fee
  • Limited product range compared to its peers

Futures Trading in Canada

Futures trading allows Canadians to buy and sell their preferred assets at specific prices at particular future dates. It’s legal in the Great White North and open to anyone above 18 who is willing to risk some money. Before trading futures, note that your profits or losses may be considered capital gains or income and subject to either capital gain tax or income tax. Also, online trading is risky; learn how to trade futures in Canada before setting off to avoid enormous monetary losses.

How to Trade Futures in Canada

With countless brokers available in Canada, trading futures should be easy. Plus, many service providers offer leveraged trading, which gives you access to larger contracts with limited funding. But be careful: leverage amplifies both potential gains and losses.

That said, you shouldn’t trade futures with any brokers you come across. The online universe is full of scammers and fraudulent entities; be careful when choosing a service provider to partner with. The upcoming section will show you how to select the best futures trading platform in Canada. Don’t skip it.

Also, never trade futures without a clear strategy. Remember that, despite its potential for high returns, futures trading has significant risks. You need explicit strategies to help you make informed decisions, manage risk exposure, and adapt to ever-changing market conditions.

How to Choose the Best Futures Trading Platform

The best platform to trade with should align with your needs and requirements. Moreover, it should be credible and comply with regulations set by Canadian regulators. Additionally, it should offer the assets and tools that are indispensable to your success as a futures trader. Consider the following when searching for the best service provider to trade futures with:

Regulatory Compliance
Market Access
Costs
Platforms and Tools
Customer Support
Reputation

Regulatory compliance is the hallmark of trust, integrity, and security. To ensure your funds and investments are protected, sign up with a platform regulated by CIRO and other top regulators in Canada and worldwide. If a fair playing field is your top priority, avoid unregulated brokers at all costs.

Your chosen broker’s market variety will determine the money-making opportunities you can access. Choose a service provider with diverse global markets, especially regarding futures. The best ones often offer a wide variety of options, such as commodity futures markets, stock index futures, and currency futures.

Some brokers are out to exploit you, and they use high charges to do so. Don’t fall for their ploy; trade with competitively priced platforms. Before signing up with a service provider, check its commissions, spreads, and platform fees. Keep your eyes open and scrutinize every detail to avoid unexpected hidden costs.

Having access to the right tools and platform is crucial to becoming a successful futures trader. Check the platforms each broker offers and their core features before signing up. It goes without saying, but if you want to trade with third-party solutions, you must find a service provider that offers them. Remember, some futures brokers offer proprietary platforms exclusively.

The quality of support at your disposal will determine if you frequently get stuck in quagmires or if you’ll get prompt assistance whenever a setback arises. We always advise our readers to test each broker’s customer support team before filling out the registration form. For fewer headaches, trade with a broker that offers support 24 hours a day, at least 5 days a week.

A good reputation is a reflection of reliability, transparency, and trustworthiness. This indicates that a broker has been providing excellent services for many years. Give yourself peace of mind and avoid unnecessary heartaches by checking each futures trading broker’s reputation before opening your own. To do that, visit sites like Trustpilot and read past user reviews.

Risks to Consider Before Start Trading

While trading financial assets like futures, you expose yourself to significant risks, which you know of and prepare for as early as possible. They include:

  • Leverage risk: Leverage trading is enticing because it offers better potential returns and allows you to use your capital well, no matter how limited. However, it also exposes you to higher potential losses.
  • Market risk: Financial markets are unpredictable. Things may go your way one minute and change drastically the next. And even minor events or developments can cause tsunamis in the online trading sector.
  • Liquidity risk: Sometimes, the markets are plagued by low liquidity. When this happens, executing trades at your desired price levels becomes more difficult, and it can significantly impact your profit margins.
  • Overtrading: Trading’s handsome potential returns make it incredibly attractive and alluring. However, if you’re not careful, this venture’s alluring nature might encourage overtrading, which comes with its fair share of complications, from poor decision-making to increased losses and financial strain.

Conclusion

Set yourself up for success by choosing a futures trading platform that meets your expectations from the recommended service providers. And remember that failure to diversify has heralded the downfall of countless traders since time immemorial. Ensure your portfolio includes other assets besides futures, like stocks, digital currencies, and indices, to decrease risk exposure and increase your odds of profiting. 

author image
Thadeus Geodfrey

Thadeus Geodfrey is an experienced and celebrated writer and self-taught trader specialising in cryptocurrencies and forex. Market analysis, identifying fraudulent brokers, and security are his cup of tea. At BrokerRaters Thadeus develops educational materials and user-guides, offer market insights, ensures our content conforms to the best standards. Join Thadeus to succeed in your trading endeavours.

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