IG Markets in Canada: Is it Available and Legit?
As of June 2026, IG Markets is not available to clients in Canada. This likely indicates that the broker either lacks the necessary regulatory authorization based on our analysis or has explicitly excluded Canada from its service areas.
Top 5 IG Markets alternatives in Canada
Unfortunately, IG Markets is not authorized to operate in Canada according to our analysis. However, there are excellent alternative options available for residents of Canada. We selected them based on the following criteria:
- The broker accepts clients from Canada
- The broker holds at least one Tier-1 regulatory license.
- The broker has a high overall score according to our methodology.
- The broker offers competitive trading conditions.
| Fusion Markets | InstaForex | Eightcap | IronFX | StarTrader | ||
|---|---|---|---|---|---|---|
| TU Overall Score | 9.15 | 8.7 | 8.25 | 7.65 | 7.58 | |
| Regulation and safety Score | 9.2 | 9.3 | 10 | 9.7 | 8.4 | |
| Regulation | ASIC, VFSC, FSA | BVI FSC, CySEC | ASIC, SCB, CySEC, FCA | CySEC, FCA, BMA (Bermuda) | SVGFSA, FSA (Seychelles), ASIC | |
| Minimum deposit | $1 | $1 | $100 | $100 | $50 | |
| Currency pairs | 90 | 110 | 40 | 80 | 80 | |
| Floating spread EUR/USD, min pips | 0.1 | 3 | 0.4 | 0.7 | 1.4 | |
| Floating spread EUR/USD, max pips | 0.4 | 7 | 1.5 | 1.2 | 1.6 | |
| Go to broker |
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Is Forex trading regulated 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
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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
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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.
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Team that worked on the article
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.
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 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.