Best Trading Platforms in Canada 2024

Claire Maumo is our financial writer and leads our editorial team in delivering engaging, informative, and easy-to-understand content. With a background in journalism and finance and a passion for financial education, she ensures our content is well-received by every trader.

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If you are here, you’ve probably done your research and discovered that Canada hosts hundreds of trading platforms. The numerous options can inconvenience your choice, leaving you confused and wondering which platform to settle with. You must test as many trading platforms as possible and compare them based on various elements such as security, fees, performance, and more. This way, you can identify an option that aligns with your trading needs and guarantees an exciting experience. 

Do not fret about undertaking these lengthy research procedures for the best trading platforms in Canada 2024. We did all the legwork and share below the best options for every trader. If you are a beginner, this comprehensive guide also explains what online trading in Canada is all about, how to make suitable choices, and more. 

List of the Best Trading Platforms

  • Saxo – Overall Best Trading Platform in Canada
  • Interactive Brokers – Best Platform for professional Canadian Traders
  • AvaTrade – Beginner-friendly Trading platform in Canada
  • XTB – Cheapest Trading Platform in Canada
  • OANDA – Top Platform For MT4 Users
In This Guide

Canadian Trading Platforms: Comparison Table

Our market research for the best trading platforms Canada was lengthy and took hours to complete. We sampled hundreds of CIRO-regulated platforms and tested them based on various elements. We also compared them so we could easily shortlist those that met our specifications. 

Since we strive to remain unbiased in our research, we visited Google Play, the App Store, and Trustpilot to sample user testimonials. Combining our findings with the test results, we settled on the platforms referenced in this guide as the best.

Feel free to explore our comparison table below, which shows the features of our top Canadian trading platforms. We hope you will be able to identify what best suits your trading requirements. 

Best Trading Platform CanadaLicense & RegulationsSupport ServiceSoftwarePayment MethodDemo Account
SaxoFCA, ASIC, CIRO, FSA, MAS, CBI, SFC24/5SaxoTraderGO, SaxoTraderPRO, SaxoInvestorBank Transfer, Credit/debit cards, PayPalYes
IBKRCIRO, FCA, SEC, FINRA, ICS, CBH, ASIC, SFC, MAS24/5IBKR Desktop, IBKR Trader Workstation (TWS), IBKR Mobile, IBKR GlobalTrader Check, wire transfer, direct bank transfer (ACH)Yes
AvaTradeCBI, FMA, FCA, FSCA, CySEC, CIRO, PFSA, ASIC, FSC, FSA24/5WebTrader, AvaOptions, AvaTrade App, MT4, MT5, Automated TradingCredit/debit cards, Neteller, Skrill, Wire transfer, WebMoneyYes
XTBFCA, KNF, CySEC, CIRO, BaFin, IFSC24/5xStation 5, MT4Bank Transfer, Credit/debit cards, PayPalYes
OANDACIRO, FCA, CFTC, ASIC, FSA24/5OANDA Platform, MT4, MT5Bank Transfer, Credit/debit cards, PayPalYes

Platforms Short Overview

When searching for the best trading platforms in Canada, you must consider various elements. While we will discuss these features later in this guide, let’s first understand the applicable fees and assets offered by our top platforms. We noticed that these features are the most prioritized by users and want to ensure you get an affordable platform hosting the right securities.  

Fees

Best Trading Platform CanadaMinimum Deposit RequirementCommission/SpreadsDeposits/WithdrawalsInactivity Fee
Saxo$0From 0% commissionFreeNone
IBKRC$0From 0.1 pipsFreeNone
AvaTradeC$100From 0.8 pipsFreeC$50 after every 3 months of inactivity
XTBC$0From 0% commissionFreeC$10 monthly
OANDAC$0From 1 pipFreeC$10 monthly

Assets

Best Trading Platform CanadaStocksForexCryptoCommoditiesIndicesETFsOptions
SaxoYesYesYesYesYesYesYes
IBKRYesYesYesYesYesYesYes
AvaTradeYesYesYesYesYesYesYes
XTBYesYesYesYesYesYesNo
OANDAYesYesYesYesYesYesNo

Our Expert Opinion about Trading Platforms in Canada

As mentioned earlier, we did thorough market research ourselves before coming up with these broker recommendations. Below, we share our mini-reviews and expert opinions about these top trading platforms in Canada. We have categorized each platform based on what we believe they excel at to ensure you choose the one that will give you the maximum experience. 

1. Saxo – Overall Best Trading Platform in Canada

Among the trading platforms we tested for Canadian traders, we found Saxo to be an excellent choice for this category. This is because its features and services accommodate all types of users, whether newbies or professionals. It not only has a user-friendly and intuitive design platform but is also customizable and has fast trade execution speed. We also like its SaxoTraderGO app, which has proven efficient when it comes to managing mobile trading activities. Canadian traders can start using Saxo with any amount of capital they can afford since there is no minimum deposit requirement

Saxo is highly secured and regulated by multiple tier-one authorities, including CIRO, FCA, and more. Its advanced resources on its SaxoTraderPro and SaxoInvestor platforms make it easier for users to access everything they need on a single platform. Moreover, there are multiple accounts for all traders, hosting over 71,000 instruments, including stocks, forex, ETFs, bonds, and more. For newbies, this provider has a demo account with C$100,000 virtual funds for you to test it with and decide whether it is worth your commitment. 

Pros & Cons

Pros

  • Charges low trading fees with commissions from $1 on US-listed stocks
  • No minimum deposit requirement
  • No inactivity fee
  • Plenty of learning and research materials
  • Allows you to invest in global stocks and take full ownership

Cons

  • Its demo account is only available for 20 days after activation
  • There are no third-party platforms like the MT4/5

2. Interactive Brokers – Best Platform for professional Canadian Traders

If you are a professional Canadian trader looking for a reliable platform with advanced resources, then you should consider Interactive Brokers (IBKR). According to our analysis, there are vast market analysis tools on its multiple hosted platforms. These include 90+ order types, comprehensive reposting, event calendars, news feeds, and more. Additionally, IBKR has no minimum deposit requirement, allowing advanced traders to easily get started. Its low commissions also allow you to manage multiple positions without worrying about overspending.  

There are over 10,000 securities at IBKR to trade and diversify your portfolio with. Besides the desktop platforms, we like its user-friendly IBKR GlobalTrader app, which we believe any new trader will find useful. The best part is that IBKR offers an amazing Free Trial account for testing it out with before deciding whether it is worth your commitment. And when it comes to learning resources, rest assured of a comprehensive supply that will keep you engaged long-term.

Interactive Brokers

✔$0 minimum deposit requirement
✔No account inactivity fees

trustpilor logo
2,958 User Reviews
google
43,200 User Reviews
apple
9,700 User Reviews
financeraters logo
Our Rating
Total Rating:
55,858 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • It has no minimum deposit requirement
  • Hosts multiple platforms, including Trader Workstation, IBKR Desktop, IBKR Mobile, and IBKR GlobalTrader, with quality trading tools
  • Features IBKR APIs, which allows you to automate your activities and create your own custom trading solutions
  • Lists over 10,000 securities, including forex, stocks, ETFs, futures, mutual funds, and more

Cons

  • There are no third-party platforms like the MT4/5
  • Many users find its desktop platform a challenging one for newbies to use

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 – Beginner-friendly Trading platform in Canada

AvaTrade is one of the most user-friendly platforms for desktop and mobile devices. As a beginner, you will benefit from the platform’s intuitive design and search function, which contributes to easy navigation. From our experience, we discovered a plethora of learning materials for newbies, including articles, guides, recorded videos, webinars, and more. We also find its support service team among the most professional, with relevant solutions to keep you trading for a long time. 

AvaTrade has a minimum deposit requirement of C$100, which you get to deposit free of charge. Multiple transaction methods, including debit/credit cards, e-wallets, and bank transfers, are also at your disposal. Moreover, if you want to explore advanced trading tools, AvaTrade has the MT4 and MT5 platforms to cater to your needs. And although its asset offerings are not as comprehensive as its peers, you still have adequate options for your portfolio diversification. These include forex, stocks, bonds, indices, and commodities. 

AvaTrade

✔Regulated by FCA
✔The platform supports algorithmic trading

trustpilor logo
8,869 User Reviews
google
10,200 User Reviews
apple
25 User Reviews
financeraters logo
Our Rating
Total Rating:
19,094 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Low minimum deposit requirement for Canadian clients
  • Free deposits and withdrawals
  • Excellent selection of learning materials
  • A user-friendly and customizable trading platform

Cons

  • You can only trade the assets as CFDs
  • Limited asset offerings compared to its peers

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. XTB – Cheapest Trading Platform in Canada

XTB is another top trading platform we highly recommend to Canadian traders, especially the low-budget ones. We discovered over 6,200 tradable assets across diverse classes, including forex, shares, commodities, indices, and more. We also like the fact that there is no minimum deposit requirement, and all transactions are free of charge. When it comes to trading charges, XTB imposes low commissions, from 0%, on stocks and ETFs, up to 100,000 EUR per month.

Besides being affordable, XTB has quality trading tools for research and skills development. Its award-winning xStation 5 and xStation Mobile platforms ensure you are comfortable enough to face the challenges that await you in the financial space. On top of that, users are given an opportunity to earn up to 5% interest on their uninvested funds and manage their positions with risk management controls like stop-loss and take-profit orders. 

XTB

✔User-friendly interface
✔Expert customer support services

trustpilor logo
1,338 User Reviews
google
65,000 User Reviews
apple
8,200 User Reviews
financeraters logo
Our Rating
Total Rating:
74,538 User Reviews
XTB

✔User-friendly interface
✔Expert customer support services

trustpilor logo
1,338 User Reviews
google
65,000 User Reviews
apple
8,200 User Reviews
financeraters logo
Our Rating
Total Rating:
74,538 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Hosts diverse asset classes for portfolio diversification
  • Low trading fees with commissions from 0%
  • Free deposits and withdrawals
  • Hosts a virtually funded demo account and plenty of learning materials for newbies

Cons

  • No third-party platforms like the MT4/5
  • Has an inactivity fee of C$10 monthly after one year of the account’s dormancy

We love XTB because it is one of the most affordable brokers out here. How so? For starters, there are no XTB minimum deposit requirements. Moreover, the broker’s users don’t have to pay additional fees while funding their accounts or cashing out. Most importantly, XTB doesn’t require traders to cover account opening, maintenance, or inactivity fees. In the table below, we’ve highlighted the fees, commissions, and costs you should take note of before committing to XTB.

Fees and Charges Amount
Account opening and maintenance $0
Minimum deposit $0
Deposit fee $0
Withdrawal fee $0 for withdrawals above $50; $30 for withdrawals below $50
Investing commission From 0%
Spreads From 0.3 pips
Currency conversion fee 0.5%
Inactivity fee $0

XTB users have unlimited access to 5,800+ financial products, ranging from forex pairs to commodities. You will be hard-pressed to find a broker with a more impressive asset portfolio than XTB. Let’s run through some of the assets we encountered while exploring and evaluating the XTB online trading platform:

  • Shares: Over 2,900 stocks are available on the XTB online trading platform, including popular products like Tesla, Amazon, and Intel Corp. You can start investing in them with capital as low as $10.
  • ETFs: As an XTB client, you can diversify your portfolio by investing in different ETFs, such as Dell Technologies, FACC AG, and PayPal Holdings PLC. The best part is such products have zero commission and a $10 minimum order requirement, which is pretty low.
  • Forex: Over 71 popular forex pairs are accessible to XTB users, from EUR/GBP and AUDCHF to NZD/USD, USD/CAD, and GBP/ZAR.
  • Indices: Presently, this broker offers 30+ indices, including popular instruments like AUS200, FRA, and US100. You can trade these products and magnify potential returns with flexible leverage.
  • Commodities: XTB offers you the opportunity to trade CFDs over 25 commodities, from cocoa and coffee to oil, gold, and gas.

5. OANDA – Top Platform For MT4 Users

The MT4 platform is among the most sought-after, considering its vast, advanced resources for currency trading. If you are seeking a provider hosting this platform, OANDA is your best option. From our experience, its MT4 trading platform is user-friendly with a modern design to maximize your experience. Moreover, OANDA features an MT4 premium upgrade platform with powerful forex and CFD indicators. And the best part is that you can trade on the MT4 platform using your desktop or mobile device. All you have to do is deposit any amount you can afford to get started since OANDA has no minimum deposit requirement

From our analysis, OANDA is suitable not only for MT4 users but also for other types of traders. We like its welcome bonus deals that give newbies an opportunity to maximize their experience. There are also various account types, including Elite Trader and Regular, catering to all types of traders. Other platforms to explore include OANDA Web, TradingView, and OANDA Mobile. You can test the broker via its demo account to determine whether it aligns with your trading requirements. 

OANDA

✔Offers a negative balance protection
✔Customizable trading platform

trustpilor logo
943 User Reviews
google
6,200 User Reviews
apple
20,000 User Reviews
financeraters logo
Our Rating
Total Rating:
27,143 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • No minimum deposit requirement
  • A user-friendly and modern-design platform
  • Quality learning and research materials
  • Various account types and platforms to choose from

Cons

  • Its trading fees are higher compared to most of its peers
  • You can only trade the assets as CFDs

OANDA broker has a clear fee structure with no hidden charges. This makes it easier for you to know how much you will be paying once you make a commitment. Some of the fees to incur at OANDA include the following:

Trading and Non-Trading Charges Details
Account Opening $0
Management Fee $0
Minimum Deposit Requirement From $0, depending on your jurisdiction
Commission From 0% on US-listed shares
Spreads From 0.6 points
Deposits and Withdrawals Free deposits. Withdrawal fees apply based on the payment method used
Inactivity $10 after 12 months
Overnight Funding Varies based on global market conditions
Currency Conversion Fee Calculated by applying a 0.5% mark-up or mark-down

From our analysis, we discovered over 8,000 trading instruments at OANDA. The assets are spread across various classes, including forex, shares, commodities, cryptos, indices, ETFs, and more. Note that some asset availability is limited to specific regions. For instance, while the broker mostly focuses on CFD trading and spread betting, real stock investing is offered to clients within the EU. You can invest in real shares from Germany, France, Spain, and the United Kingdom.

The best element about trading at OANDA is an opportunity to apply leverage in CFD and spread betting trades. Retail traders are given favorable limits up to 30:1. In contrast, professionals get 200:1. This makes it easier for you to manage larger positions with a small capital, thus increasing your chances of earning good returns.

Here is a breakdown of the assets offered at OANDA for informed decisions:

Asset Class Number Offered
Forex 70+ currency pairs
Shares 2200+
Indices 14+
Commodities 14+
Cryptocurrencies 30+
ETFs 40+
Bonds 6+

Disclaimer: CFD assets are complex, and carry the risk of losing money due to leverage. While many traders have earned good returns from the activity, more than 76% of retail clients lose their money. Therefore, consider whether you understand how CFD trading works and if you can afford to manage the risk of losing your money before venturing into such assets.

Trading in Canada

trading in Canada

Trading in Canada has proven to be lucrative, considering the opportunities available. The activity is legal, and you can venture into forex, stocks, commodities, cryptos, and more using a brokerage firm like the ones we recommend above. With a broker or platform, you will have access to diverse assets plus quality trading tools for skills and strategy development. 

The ​​Canadian Investment Regulatory Organization (CIRO) is responsible for overseeing the region’s financial market activities. This means that any broker regulated by this authority is worth considering, as you are guaranteed maximum safety and favorable conditions. With trading, there is no profit guarantee, so you must be strategic and have solid plans for an increased profit potential. 

Under tax regulations, Canadian traders must pay capital gains tax to the Canada Revenue Agency (CRA) on all profits earned from trading. This is because, unlike some countries that consider trading a gambling activity, Canada considers it a business activity. Therefore, include potential tax deductions when planning for our activities to understand potential returns should a trade work out in your favor. 

What is a Trading Platform?

What is a Trading Platform?

A trading platform is an online space that allows traders to explore various financial market instruments, including shares, commodities, forex, and more. Platforms come in different forms to meet all traders’ needs and requirements. Moreover, they allow trading in various strategies, whether day trading, scalping, or more. Some platforms also give users access to global stock exchanges, where they can buy company equities and take full ownership. 

Simply put, trading platforms give you easy access to the financial markets. Therefore, it is crucial to select a suitable option by considering the elements below for a worthwhile experience. 

How to Choose the Best Trading Platform in Canada

Canada’s financial landscape is dynamic, hence the need for the best trading platform. As a newbie, conduct thorough market research and consider the elements below for a suitable choice. 

Regulations/Safety
Charges/Fees
Platform Reliability
Asset Offerings
Support Service
User Recommendations

In Canada’s financial landscape, legitimate and fraudulent trading platforms exist. We have witnessed many individuals get scammed simply because they were attracted to enticing offers. As a trader, it is crucial to stick to trading platforms that are regulated within Canada and other global regions. The Canadian Investment Regulatory Organization (CIRO) oversees the financial activity of brokerage firms in the region. Therefore, platforms that are licensed and regulated by it guarantee an exciting and secure trading experience. Your funds will be secured in a segregated bank account, and you will trade under favorable conditions.

Choose a trading platform you can afford to avoid spending more than what you had budgeted for. Thoroughly analyze a platform’s fee structure and confirm charges like commissions/spreads, inactivity fees, deposits and withdrawal costs, overnight funding fees, and more. It is also vital to check a platform’s minimum deposit requirement and ensure affordability.

The best trading platform in Canada will be user-friendly and have fast trade execution. Plus, check the customizability feature to guarantee long-term commitment. And for effective market analysis, ensure your platform hosts adequate research tools. It must also supply users with learning materials and a demo account for continuous learning. If you are into mobile trading, your platform should have an app you can easily download and use on your Android or iOS mobile device.

Every trader has a favorite asset to explore, whether forex, shares, commodities, cryptos, or more. Regardless of your choice, the platform you select must host it and support the trading style you prefer. This is whether you want to buy the asset and take full ownership or trade it as a derivative. Platforms with numerous options are worth prioritizing, as they make it easier for you to try new options and diversify your portfolio.

Challenges while trading will always occur, whether you are new to trading or have been venturing into this landscape long-term. It is crucial to stay safe by choosing the best Canadian trading platform with a reliable support service. Contact your preferred platform’s support team and gauge their responsiveness. They must be prompt and offer relevant solutions to ensure your open positions do not get affected. Plus, the team’s availability must align with your trading schedule, whether 24/7 or five days a week.

Besides checking and comparing platforms’ features, visit Google Play, the App Store, and Trustpilot to analyze user testimonials. Previous and current user opinions will enlighten you more about a platform’s services from a user perspective. As a result, you will easily make a suitable choice.

Trading Risks for Canadian Traders

While trading in the financial landscape has proven lucrative, success is not a walk in the park. There are various risks associated with trading in Canada, including the following:

  1. Leverage risks

Trading with a CIRO-regulated platform gives you an opportunity to apply leverage in your trades. While this feature can maximize your returns, there is a risk of losing more than your initial capital. It is always crucial to understand what leverage trading is all about and have a solid strategy before incorporating it into your activities. 

  1. Volatility risks

The financial market can be highly volatile due to developing political or economic conditions. With high volatility, asset prices tend to constantly change. This makes it challenging for traders to make the best predictions or the right moves with their open positions. While market volatility can work in your favor, the risk of losing money is also there. 

  1. Cash management risks

The development of internet-enabled mobile devices has made it easier for traders to explore the financial market. However, many do not have solid plans and open positions based on emotions, which always cloud judgment. As a result, they end up overspending and exhausting their nest eggs, leaving them emotionally distressed and frustrated. 

  1. Liquidity risks

Some assets in the financial space are highly liquid, and getting markets for them when needed is easy. There are also illiquid assets, which are highly risky considering their low demand. Exiting a position with an illiquid asset at a fair price can be challenging.

  1. Security risks

Trading instruments like cryptocurrencies have regulatory uncertainties, leaving traders with no protection or insurance on their lost funds. Plus, the history of hacking digital tokens makes the market a risky one to venture into. 

Pros & Cons of Trading with Trading Platform

Before you start trading in the Canadian financial space, you must be familiar with the pros and cons of using a trading platform for your activities. Some of the benefits and drawbacks worth noting include:

ProsCons
Trading platforms give you access to financial instruments, including forex, shares, cryptos, and more.There is no profit guarantee while trading since the market can be highly volatile sometimes. 
With a trading platform, it’s easy to analyze the market and boost your skill level. This is because of the availability of quality research and learning materials.While leverage can give you good profits, it can also leave you with massive losses. 
Trading platforms expose you to leverage trading, which can yield good profits. You will manage a larger position with a small capital. Not all platforms will meet your needs; hence, there is a need for thorough market research. The process can be lengthy and overwhelming. 
A trading platform makes it easier for you to explore multiple assets and diversify your portfolio. 
CIRO-regulated trading platforms offer a safe environment and favorable conditions. 

Conclusion

Trading in Canada is all about taking risks, hoping your strategy will work out in your favor so you can earn profits. Since there is no profit guarantee, choose the best trading platform like the ones we recommend above for an exciting experience. Such platforms are safe and support you with quality resources. It is also essential to have a plan and start trading with funds you are comfortable losing. You can utilize a platform’s demo account to familiarize yourself with the financial market and gauge your skill level. And when you begin live trading, use a journal to note all your strategies so you can easily identify your weaknesses and work on them. 

author image
Claire Maumo

Claire Maumo has experience in investment banking, strategic consultancy, and journalism. She has a Bachelor’s degree in Business Management and a Master’s in finance. She has a knack for making complex concepts easy to understand. Her primary focus is on crypto, blockchain, and financial instruments. Follow her for expert insights on trading and investment.

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