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To help you find the best online brokers in 2021, we went ahead and did the research for you. First, we selected 79 quality online brokers, then checked and compared basically every aspect of their offering: fees, available markets and products, trading platforms, deposit and withdrawal options and much much more. To be selected best online broker, service providers had to prove their excellence in multiple areas. We dug deep, so you won't have to.

5 brokers made it to the top in Canada. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for best international online broker of 2021 for citizens in Canada:

  1. Interactive Brokers is the best international online broker in 2021. Low trading fees. Wide range of products. Many great research tools.
  2. XTB takes second place. Low forex fees. Free and fast deposit and withdrawal. Easy and fast account opening.
  3. Questrade rounds out the top three. Low stock and ETF fees. Solid research tools. Superb customer service.
  4. CMC Markets, numero quattro. Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
  5. Fusion Markets just made it to the list at in fifth place. Low trading and non-trading fees. Fast and easy account opening. Great customer service.
Best international online brokers of 2021 for citizens in Canada
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 XTB Global CFD and forex broker 4.6 Best CFD broker
#3 Questrade Canadian stockbroker 4.6
#4 CMC Markets Global CFD and forex broker 4.6 Best forex broker for beginners
#5 Fusion Markets Australian forex broker 4.5 Best discount forex broker

What makes a good online broker? Surely, they need to provide great service in all areas. First of all, they need to offer fair fees and have a good safety score. Opening an account and depositing money should also be user-friendly processes. They need to provide access to a wide range of products and have a great platform.

These features are easy to list, but hard to figure out. We test brokers based on more than ~300 criteria with real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with our in-depth comparison table.

And now, let's see the best international online brokers in 2021 for citizens in Canada one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Canada
Interactive Brokers

4.9

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools High forex fees

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#1 Interactive Brokers
Fees
4.2

Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers fees
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
US stock $1.0 $10.0 $5.0 - -
UK stock $7.8 $12.0 - - -
EURUSD benchmark fee $11.2 $8.3 $8.3 $8.0 $4.9
AUDUSD benchmark fee $9.1 $6.5 $7.4 $7.5 $3.3
GBPUSD benchmark fee $9.2 $6.0 $6.7 $7.1 $4.2
S&P 500 index CFD fee $2.8 $1.4 $1.5 $1.5 $0.0
Europe 50 index CFD fee $3.1 $1.8 - $1.9 $1.5

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#1 Interactive Brokers
Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most account types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Minimum deposit $0 $0 $1,000 $0 $0
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

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#1 Interactive Brokers
Deposit and withdrawal
3.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal each month free
Interactive Brokers withdrawal fees and options
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

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#1 Interactive Brokers
Markets and products
5.0

Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
Interactive Brokers markets and products
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Stock Yes Yes Yes No No
ETF Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

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#1 Interactive Brokers
Web trading platform
4.5

Interactive Brokers's web platform is simple and easy to use, even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Canada - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Web platform score 4.5 stars 4.4 stars 3.8 stars 4.4 stars 2.8 stars
Mobile platform score 3.8 stars 4.4 stars 4.8 stars 4.4 stars 3.8 stars
Desktop platform score 3.0 stars 4.4 stars 4.3 stars 3.4 stars 3.4 stars

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#1 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.

On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools

There are some drawbacks, though: there is a high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.2 stars
Recommended for Traders looking for low fees and a professional trading environment

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XTB Logo

#2 Best international online brokers for citizens in Canada
XTB

4.6

XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex fees High fees for stock CFDs
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs and FX
Easy and fast account opening Limited fundamental data

Open account
82% of retail CFD accounts lose money

#2 XTB
Fees
3.7

XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
Pros Cons
Low forex fees High stock CFD fees
Free withdrawal for transfers above $100
XTB fees
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
US stock $1.0 $10.0 $5.0 - -
UK stock $7.8 $12.0 - - -
EURUSD benchmark fee $11.2 $8.3 $8.3 $8.0 $4.9
AUDUSD benchmark fee $9.1 $6.5 $7.4 $7.5 $3.3
GBPUSD benchmark fee $9.2 $6.0 $6.7 $7.1 $4.2
S&P 500 index CFD fee $2.8 $1.4 $1.5 $1.5 $0.0
Europe 50 index CFD fee $3.1 $1.8 - $1.9 $1.5

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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82% of retail CFD accounts lose money

#2 XTB
Account opening
5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
XTB minimum deposit and time to open an account
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Minimum deposit $0 $0 $1,000 $0 $0
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

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82% of retail CFD accounts lose money

#2 XTB
Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
XTB withdrawal fees and options
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

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82% of retail CFD accounts lose money

#2 XTB
Markets and products
2.8

XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
XTB markets and products
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Stock Yes Yes Yes No No
ETF Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

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82% of retail CFD accounts lose money

#2 XTB
Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Best international online brokers for citizens in Canada - XTB trading platform
XTB trading platforms
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Web platform score 4.5 stars 4.4 stars 3.8 stars 4.4 stars 2.8 stars
Mobile platform score 3.8 stars 4.4 stars 4.8 stars 4.4 stars 3.8 stars
Desktop platform score 3.0 stars 4.4 stars 4.3 stars 3.4 stars 3.4 stars

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82% of retail CFD accounts lose money

#2 XTB
Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec.
Fees score 3.7 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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82% of retail CFD accounts lose money

Questrade Logo

#3 Best international online brokers for citizens in Canada
Questrade

4.6

Questrade, founded in 1999, is one of the most popular brokerage firms in Canada. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).

Questrade is considered safe because it has a long track record and is regulated by a top-tier regulator.

Recommended for traders and investors focusing on the canadian and us markets

Pros Cons
Low stock and ETF fees Slow account opening for non-Canadians
Solid research tools High withdrawal fee for non-Canadians
Superb customer service Limited account base currencies

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#3 Questrade
Fees
3.7

Questrade has competitive fees for stocks, ETFs, funds and forex trading. However, CFD fees, as well as margin rates, are slightly at the higher end.
Pros Cons
Low non-trading fees High CFD fees
Low stock and ETF fees High margin rates
Low fund fees
Questrade fees
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
US stock $1.0 $10.0 $5.0 - -
UK stock $7.8 $12.0 - - -
EURUSD benchmark fee $11.2 $8.3 $8.3 $8.0 $4.9
AUDUSD benchmark fee $9.1 $6.5 $7.4 $7.5 $3.3
GBPUSD benchmark fee $9.2 $6.0 $6.7 $7.1 $4.2
S&P 500 index CFD fee $2.8 $1.4 $1.5 $1.5 $0.0
Europe 50 index CFD fee $3.1 $1.8 - $1.9 $1.5

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#3 Questrade
Account opening
3.8

For Canadian citizens, opening an account at Questrade is easy and fully digital. However, there is a high minimum deposit of $1,000.
Pros Cons
Fast Minimum deposit is higher than $500
Fully digital Complicated for non-Canadians
User-friendly
Questrade minimum deposit and time to open an account
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Minimum deposit $0 $0 $1,000 $0 $0
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

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#3 Questrade
Deposit and withdrawal
2.7

Deposits and withdrawals are free and user-friendly with electronic transfer for Canadians. However, the process is expensive for non-Canadians and credit/debit cards are not available.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Slow withdrawal - over 3 days
User-friendly High fee for wire withdrawals
Questrade withdrawal fees and options
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

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#3 Questrade
Markets and products
4.2

At Questrade, you can trade almost all asset classes except futures and cryptos. The product portfolio covers only the US and Canadian markets, though.
Questrade markets and products
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Stock Yes Yes Yes No No
ETF Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

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#3 Questrade
Web trading platform
3.8

Questrade's web trading platform offers a simple, intuitive design, a wide variety of order types and price alerts. However, its customizability is limited and the fee reports are not clear.
Pros Cons
User-friendly No clear fee report available
Good variety of order types Limited customizability (for charts, workspace)
Price alerts
Best international online brokers for citizens in Canada - Questrade trading platform
Questrade trading platforms
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Web platform score 4.5 stars 4.4 stars 3.8 stars 4.4 stars 2.8 stars
Mobile platform score 3.8 stars 4.4 stars 4.8 stars 4.4 stars 3.8 stars
Desktop platform score 3.0 stars 4.4 stars 4.3 stars 3.4 stars 3.4 stars

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#3 Questrade
Verdict

Questrade is among the fastest-growing online brokerage firms in Canada. Its stock and ETF fees are low, research tools are advanced and customer service is outstanding.

Questrade has some shortcomings as well. Even though the account opening process for Canadians is quick and easy, it's slow and time-consuming if you are not Canadian. You can face high withdrawal fees if you are not a Canadian citizen and there are only USD and CAD as account base currencies.

Since Questrade has advanced research tools and offers great customer service, feel free to give it a try.

Questrade
Summary Questrade is a Canadian online brokerage firm. Questrade is a member of Canadian self-regulatory industry body IIROC and the Canadian Investor Protection Fund (CIPF).
Fees score 3.7 stars
Recommended for Traders and investors focusing on the Canadian and US markets

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CMC Markets Logo

#4 Best international online brokers for citizens in Canada
CMC Markets

4.6

CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.

CMC Markets is considered safe because it has a long track record, is listed on stock exchange, and is overseen by top-tier regulators.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for an advanced trading platform with many research tools

Pros Cons
Low forex fees High stock CFD fees
Great web and mobile platforms Limited product portfolio
Advanced research and educational tools Complicated account verification

Open account
76% of retail CFD accounts lose money

#4 CMC Markets
Fees
3.5

CMC Markets has competitive forex fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.
Pros Cons
Low forex fees High stock CFD fees
No withdrawal fee
CMC Markets fees
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
US stock $1.0 $10.0 $5.0 - -
UK stock $7.8 $12.0 - - -
EURUSD benchmark fee $11.2 $8.3 $8.3 $8.0 $4.9
AUDUSD benchmark fee $9.1 $6.5 $7.4 $7.5 $3.3
GBPUSD benchmark fee $9.2 $6.0 $6.7 $7.1 $4.2
S&P 500 index CFD fee $2.8 $1.4 $1.5 $1.5 $0.0
Europe 50 index CFD fee $3.1 $1.8 - $1.9 $1.5

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

Open account More
76% of retail CFD accounts lose money

#4 CMC Markets
Account opening
4.1

The account opening process is fully digital and there's no minimum deposit, but confusion about what documents to upload for identification can prolong the verification process.
Pros Cons
Fully digital Complicated account verification
No minimum deposit
CMC Markets minimum deposit and time to open an account
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Minimum deposit $0 $0 $1,000 $0 $0
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

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76% of retail CFD accounts lose money

#4 CMC Markets
Deposit and withdrawal
4.8

You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
Pros Cons
Credit/Debit card available £15 fee for international bank transfers
No deposit fee
Several account base currencies
CMC Markets withdrawal fees and options
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

Open account More
76% of retail CFD accounts lose money

#4 CMC Markets
Markets and products
2.2

CMC Markets's product selection covers only CFDs, forex and crypto. You can't trade other popular asset classes such as real stocks, bonds, mutual funds, options or futures.
CMC Markets markets and products
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Stock Yes Yes Yes No No
ETF Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

Open account More
76% of retail CFD accounts lose money

#4 CMC Markets
Web trading platform
4.4

CMC's 'Next Generation' platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. On the other hand, it lacks two-step authentication.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace)
Modern design
Best international online brokers for citizens in Canada - CMC Markets trading platform
CMC Markets trading platforms
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Web platform score 4.5 stars 4.4 stars 3.8 stars 4.4 stars 2.8 stars
Mobile platform score 3.8 stars 4.4 stars 4.8 stars 4.4 stars 3.8 stars
Desktop platform score 3.0 stars 4.4 stars 4.3 stars 3.4 stars 3.4 stars

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76% of retail CFD accounts lose money

#4 CMC Markets
Verdict

CMC Markets is overseen by top-tier regulators and is one of the best CFD and forex brokers out there. 

On the plus side, it has low forex fees, well-developed trading platforms, and useful research and educational tools.

There are also a few drawbacks, though. Stock CFD fees are high, and the account verification process is not always seamless. Also, its product selection covers only CFD and forex asset classes, meaning no real stocks, bonds or mutual funds.

Feel free to test CMC Markets's first-class trading platform, as it has great features and requires no minimum deposit to open an account.

CMC Markets
Summary CMC Markets is a UK-based Global CFD and Forex Broker, regulated by multiple top-tier regulators like the UK FCA.
Fees score 3.5 stars
Recommended for Forex and CFD traders looking for an advanced trading platform with many research tools

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76% of retail CFD accounts lose money

Fusion Markets Logo

#5 Best international online brokers for citizens in Canada
Fusion Markets

4.5

Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform

Pros Cons
Low trading and non-trading fees Basic educational tools
Fast and easy account opening Limited product selection
Great customer service No investor protection

Open account
74-89% of retail CFD accounts lose money

#5 Fusion Markets
Fees
4.8

Fusion Markets has low forex and CFD fees and charges no inactivity or withdrawal fees.
Pros Cons
Low non-trading fees None
Low forex fees
No withdrawal or inactivity fees
Fusion Markets fees
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
US stock $1.0 $10.0 $5.0 - -
UK stock $7.8 $12.0 - - -
EURUSD benchmark fee $11.2 $8.3 $8.3 $8.0 $4.9
AUDUSD benchmark fee $9.1 $6.5 $7.4 $7.5 $3.3
GBPUSD benchmark fee $9.2 $6.0 $6.7 $7.1 $4.2
S&P 500 index CFD fee $2.8 $1.4 $1.5 $1.5 $0.0
Europe 50 index CFD fee $3.1 $1.8 - $1.9 $1.5

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

Open account More
74-89% of retail CFD accounts lose money

#5 Fusion Markets
Account opening
5.0

Account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
Fusion Markets minimum deposit and time to open an account
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Minimum deposit $0 $0 $1,000 $0 $0
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

Open account More
74-89% of retail CFD accounts lose money

#5 Fusion Markets
Deposit and withdrawal
4.4

Fusion Markets does not charge any fees for deposits and most withdrawal options. You can use bank transfer, credit/debit cards and electronic wallets for adding money; however, there are no minor account currencies accepted.
Pros Cons
Credit/Debit card available No minor account currencies accepted
Free withdrawal
No deposit fee
Fusion Markets withdrawal fees and options
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

Open account More
74-89% of retail CFD accounts lose money

#5 Fusion Markets
Markets and products
1.8

Fusion Markets gives access to many currency pairs and some CFDs. On the other hand, it lacks a lot of popular asset classes, such as real stocks, ETFs and funds.
Fusion Markets markets and products
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Stock Yes Yes Yes No No
ETF Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

Open account More
74-89% of retail CFD accounts lose money

#5 Fusion Markets
Web trading platform
2.8

The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Best international online brokers for citizens in Canada - Fusion Markets trading platform
Fusion Markets trading platforms
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Web platform score 4.5 stars 4.4 stars 3.8 stars 4.4 stars 2.8 stars
Mobile platform score 3.8 stars 4.4 stars 4.8 stars 4.4 stars 3.8 stars
Desktop platform score 3.0 stars 4.4 stars 4.3 stars 3.4 stars 3.4 stars

Open account More
74-89% of retail CFD accounts lose money

#5 Fusion Markets
Verdict

Fusion Markets is a great forex broker with very low fees. 

It offers low trading and non-trading fees. Account opening is fast and easy, and customer service provides quick and relevant answers.

On the negative side, Fusion Markets has limited educational tools. The product offering covers only forex and some CFDs. Lastly, there is no investor protection provided.

As you can open an account within a day and fees are low, feel free to try Fusion Markets.

Fusion Markets
Summary Fusion Markets is an Australia-based discount forex broker, regulated by the ASIC and VFSC.
Fees score 4.8 stars
Recommended for Forex traders looking for low fees and a chance to use the MetaTrader 4 platform

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74-89% of retail CFD accounts lose money

Best international online brokers for citizens in Canada
What makes a good online broker

Now that you know the top 5, you are probably curious how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago, if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like characters in the movie 'Wolf of Wall Street'. They were constantly monitoring stock prices while holding the phone and shouting. The Internet changed all that. Nowadays, if you want to invest in Apple shares, you open an online account, deposit money, and set up an order on the brokers' online platform. These platforms are the online brokers. Online brokers help you buy and sell securities like stocks and ETFs. After creating your order, the online broker executes it immediately. It all takes place online.

Are these brokers safe?

We consider each broker on our list safe. You can be sure none of them is a scam. All the brokers featured on BrokerChooser are regulated by at least one authority.

However, brokerage companies can still go bust. Remember the collapse of Lehman Brothers? In such cases, it is important to know what happens with your securities and cash. Your funds are usually held in segregated accounts, so even if your broker goes bankrupt, your funds are safe.

If all goes wrong, and for example, the broker steals your assets, then you have a last resort: the compensation fund of the country where the broker is regulated.

How did BrokerChooser pick the best online brokers?

At BrokerChooser, we test online brokers based on more than ~300 criteria, with real accounts and real money. We don\'t want to overwhelm you, so we will list the five most important criteria.

5 most important criteria for the best online brokers in 2021
1. Fees The trading fees of a typical US equity trade can be 50 times higher at one online broker compared to another. It's definitely worth checking these fees.
2. Account opening Some online brokers require a minimum deposint to start investing while others don't ask for a fix first-time deposit. Check these reuirements at the best online brokers.
3. Deposit and withdrawal At some online brokers, funding and withdrawing funds can take 5 times longer and be much more expensive than at others.
5. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
4. Markets and products You want to invest in Amazon or trade Bitcoin? They might not be available. Check the product lineup before opening an account.

Best international online brokers for citizens in Canada
Bottom line

These were the details, now let's zoom out. Here are the best international online brokers of 2021 for citizens in Canada:

Best international online brokers for citizens in Canada
Interactive Brokers XTB Questrade CMC Markets Fusion Markets
Overall score 4.9 4.6 4.6 4.6 4.5
Best in Best online broker Best CFD broker Best forex broker for beginners Best discount forex broker
Fees score 4.2 stars 3.7 stars 3.7 stars 3.5 stars 4.8 stars
Account opening score 3.4 stars 5.0 stars 3.8 stars 4.1 stars 5.0 stars
Deposit and withdrawal score 3.5 stars 4.5 stars 2.7 stars 4.8 stars 4.4 stars
Markets and products score 5.0 stars 2.8 stars 4.2 stars 2.2 stars 1.8 stars
Web platform score 4.5 stars 4.4 stars 3.8 stars 4.4 stars 2.8 stars
Mobile platform score 3.8 stars 4.4 stars 4.8 stars 4.4 stars 3.8 stars
Open account Open account
82% of retail CFD accounts lose money
Open account Open account
76% of retail CFD accounts lose money
Open account
74-89% of retail CFD accounts lose money

Interactive Brokers is our winner, the best international online broker in Canada for 2021. Low trading fees. Wide range of products. Many great research tools.
All of these brokers are considered safe and a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comments section.
Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with the help of our in-depth comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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Open account
82% of retail CFD accounts lose money
Open account
76% of retail CFD accounts lose money
Open account
74-89% of retail CFD accounts lose money
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