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FP Markets in Canada: Is it Available and Legit?

Andrey Mastykin
Written by:
Andrey Mastykin
Dan Blystone
Reviewed by:
Dan Blystone
Chinmay Soni
Fact-checked by:
Chinmay Soni
Updated:
June 05, 2026
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FP Markets isn't available in US
FP Markets REVIEW

As of June 2026, FP Markets is available to traders and investors in Canada. This accessibility confirms the broker's authorization to operate within Canada and its compliance with the necessary regulatory requirements.

Essential details of FP Markets services in Canada

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

FP Markets is accessible to traders and investors in Canada. Key highlights include:

  • Canada residents can open an account with FP Markets
  • FP Markets has earned an overall rating of 7.02/10 points according to our methodology.
  • FP Markets received 10/10 points for regulation and safety.
  • For more detailed information, see our comprehensive FP Markets review.

Is FP Markets a regulated broker? Is it safe?

FP Markets is a regulated Forex broker operating under the supervision of the following regulatory authorities:

FP Markets regulation review
ASIC ASIC ASIC regulates financial services, markets, and securities, enforcing laws to protect Australian consumers, investors, and creditors. It is stringent in its operations, with a focus on transparency and fairness in financial products and services.
Full Name Australian Securities and Investments Commission Country Australia Protection Fund No specific fund but has stringent consumer protection Regulation level Tier-1
CySec CySec CySec regulates investment firms, brokers, and their transactions in securities and derivatives on the Cyprus Stock Exchange. It imposes strict operational conditions, regular audits, and financial compliance.
Full Name Cyprus Securities and Exchange Commission Country Cyprus Protection Fund Up to €20,000 Regulation level Tier-1
FSA (Seychelles) FSA (Seychelles) FSA Seychelles regulates the non-bank financial services in Seychelles, aiming to promote their efficiency and transparency.
Full Name Financial Services Authority of Seychelles Country Seychelles Protection Fund No specific fund Regulation level Tier-3
FSC (Mauritius) FSC (Mauritius) FSC Mauritius ensures the orderly administration of the financial services and global business sectors in Mauritius, enhancing investor protection and international compliance.
Full Name Financial Services Commission of Mauritius Country Mauritius Protection Fund No specific fund Regulation level Tier-3
FSCA SA FSCA SA The FSCA oversees the South African non-banking financial services industry, focusing on protecting investors and efficiently preventing financial crimes by enforcing stringent compliance standards.
Full Name Financial Sector Conduct Authority of South Africa Country South Africa Protection Fund No specific fund Regulation level Tier-2
MISA (Mwali) MISA (Mwali) The Mwali International Services Authority (MISA) is the regulatory body responsible for overseeing financial services and licensing in the autonomous island of Mwali (Mohéli) in the Comoros Union. MISA regulates a variety of financial institutions, including forex brokers, insurance companies, and other financial entities, ensuring compliance with international standards. It also facilitates the registration of International Business Companies (IBCs) and other regulated entities.
Full Name Mwali International Services Authority Country The Comoros Protection Fund No specific fund Regulation level Tier-3
SVG FSA SVG FSA Regulates all sectors of the financial services industry in SVG to ensure integrity and stability of the financial system.
Full Name Financial Services Authority of St. Vincent and the Grenadines Country St. Vincent and the Grenadines Protection Fund No specific fund Regulation level Tier-3

Is FP Markets safe to use in Canada?

A broker’s security is largely defined by its regulatory status. FP Markets is supervised by a Tier-1 authority, which is considered the highest level of oversight in the financial industry. Such brokers must comply with strict requirements on capital, transparency, and client fund protection. In addition, the presence of an Investor Compensation Fund and a proven track record in financial markets further strengthen trust. According to our methodology, FP Markets received a Regulation and safety score of 10/10, placing it among the most secure brokers.

Is Forex trading allowed in Canada? Is Forex taxable in Canada?

  • Licensing in Canada

    Forex trading in Canada falls under the jurisdiction of the Canadian Investment Regulatory Organization (CIRO), which regulates the Forex market to ensure integrity and transparency in accordance with the Securities Act. Demands for licensing:

    • Registration with CIRO
    • Meeting strict regulatory standards, including capital requirements and adherence to anti-money laundering measures

  • Investor protection in Canada

    Investor protection in Canada is provided by the following organizations:

    • CIRO: Enforces market rules
    • CSA: Coordinates provincial regulations
    • OBSI: Resolves investor disputes

  • Taxation in Canada

    Profits from Forex trading in Canada are subject to capital gains tax. Traders must report gains as income and pay taxes accordingly. Tax rates vary based on individual income brackets and trading frequency.

FP Markets vs other regulated brokers in Canada

To provide a clear understanding of available options for traders in Canada, Traders Union compared FP Markets trading conditions with those of other regulated brokers accepting clients in the region.

Regulation CySec, ASIC, FSCA SA, FSC, FSA, SVG FSA, MISA ASIC, VFSC, FSA BVI FSC, CySEC
Minimum deposit $100 $1 $1
Currency pairs 60 90 110
Floating spread EUR/USD, min pips 0.5 0.1 3
Floating spread EUR/USD, max pips 1.1 0.4 7
Go to broker Go to broker
Your capital is at risk.
Go to broker
Your capital is at risk.
Go to broker
Your capital is at risk.

Why trust us

Independent analysis, real experts, and transparent methodology

  • 15+ years of independent market analysis

  • 140+ evaluation criteria, reviewed by 50+ experts

  • Data-driven reviews of 200+ platforms, updated regularly

  • 20+ industry awards & a wide network of global media partners

Learn more about our methodology and editorial policies.

why trust us why trust us why trust us why trust us why trust us why trust us

Expert Advice

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

  • In my experience, a hallmark of a reliable broker is the ease with which you can verify its operations in your country. Many top-tier brokers provide detailed FAQs or interactive maps on their websites, clearly outlining the regions they serve. If this information isn’t readily available, contact their customer support directly. A reputable broker will have knowledgeable support staff who can clarify its regulatory status and geographic reach.

Editors' Top Picks and Insights

All news

Team that worked on the article

Andrey Mastykin
Andrey Mastykin
Head of Company Reviews and Ratings

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.

Learn about our editorial policies
Dan Blystone
Dan Blystone
Senior English Editor

Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.

Chinmay Soni
Chinmay Soni
Head of Fact-Checking Department

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.

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