In forex trading, use of leverage is the process of trading with borrowed funds to improve your trading position. Forex brokers are the ones who offer this leverage and help traders in holding high trading positions beyond their own cash balance limitations. Leverage can also increase ROI of traders significantly.

forex leverage trading in CanadaAt the same time, leverage trading also possesses risks. Therefore, it is highly important to choose your leverage sensibly and practically. Employing a strong risk management strategy is also important.

In Canada, traders have the privilege of choosing from a range of forex brokers that offer high leverage. High leverage can amplify profits but also comes with increased risks. In this article, we will delve into the world of forex trading in Canada and explore the best high leverage forex brokers. Whether you’re an experienced trader or a beginner, this guide will help you make an informed decision.

Compare Top high leverage Forex brokers

  1. FXCC – Best High Leverage Forex Broker Canada Overall
  2. FP Markets – Top High Leverage FX Platform Range
  3. IFC Markets – Great Leverage On A Wide Range Of Assets
  4. Avatrade – Best High Leverage Fixed Spread Broker
  5. Fusion Markets – Top Low Cost High Leverage Forex Broker
Min. Deposit
Max. Leverage
FXCC Top Canadian broker
4.9 stars from 525 ratings

Broker Verified


100% Deposit Bonus

USD 100


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CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Avatrade top broker in Canada
4.8 stars from 346 ratings

Broker Verified


Up to 20% Deposit Bonus

USD 100


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CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
FPMarkets best broker in Canada
4.7 stars from 286 ratings

Broker Verified


Demo of up to $100, 000

USD 100


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CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Fusion Markets Canada Broker
4.6 stars from 845 ratings

Broker Verified


Low Spreads from 0.0

USD 10


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CFD service. Your capital is at risk.
Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread trading works and whether you can afford to take the high risk of losing your money.

When it comes to forex trade, then you can look for brokers offering high leverage accounts. Finding a high leverage broker is highly important to gain all the benefits of this trading. As high leverage is the key to perform well in forex trading to make higher profits in the best possible way.

Always choose a maximum leverage broker, one that can let you trade with high leverage but with low margin requirements. This will be a good call for you if you are a scalper and want to trade in high volumes. Even if you are trying for a new position opening, still high leverage trading with the right broker is one of the best solutions you can consider in this regard.

What is Leverage in Forex Trading?

Leverage is a double-edged sword in forex trading. While it can amplify your profits, it can also magnify your losses. Here’s a quick explanation of how leverage works:

  • Leverage Ratio: A leverage ratio, such as 50:1, means that for every $1 in your trading account, you can control a trade worth $50. This allows you to trade larger positions than your initial capital.
  • Margin Requirement: To use leverage, you must maintain a certain amount of money, known as margin, in your trading account. If your losses exceed this margin, you may face a margin call and risk losing your entire investment.
  • Risk Management: Effective risk management is crucial when using high leverage. Set stop-loss orders to limit potential losses and never risk more than you can afford to lose.

Maximum leverage for retail traders in Canada for beginners

In Canada, regulations on leverage restrictions dictate that retail traders are limited to a maximum of 1:30 leverage, while professional clients gain access to higher limits at 1:500. Avatrade Canada offers an extensive selection of over 100 trading markets, encompassing stocks, ETFs, forex pairs, commodities, and indices.

More High Leverage Forex Brokers in Canada

  1. OANDA:OANDA is a well-established forex broker that has been serving traders for over two decades. It is known for its transparency and reliability, making it a popular choice among Canadian traders. OANDA offers competitive spreads, a user-friendly trading platform, and leverage of up to 50:1 for major currency pairs.
  2. Questrade:Questrade is a Canadian-based broker that offers forex trading alongside other asset classes. It is regulated by IIROC and provides a robust trading platform with educational resources for beginners. While Questrade’s leverage may not be as high as some international brokers, it still offers competitive options.
  3. Interactive Brokers:Interactive Brokers is a global brokerage firm known for its low-cost trading solutions. Canadian traders can access forex markets with competitive spreads and leverage of up to 50:1. Interactive Brokers is ideal for experienced traders who want to access a wide range of markets and trading tools.
  4. TD Ameritrade (thinkorswim):TD Ameritrade’s thinkorswim platform is available to Canadian traders, offering an advanced trading experience. While the leverage may be lower compared to some international brokers, thinkorswim compensates with a powerful trading platform and educational resources.
  5. Pepperstone:While Pepperstone is an Australian-based broker, it serves Canadian clients and is known for its competitive spreads and high leverage options. Traders can access leverage of up to 500:1, but it’s crucial to use such high leverage with caution due to increased risk.

How to find the best high leverage forex broker in Canada?

When it comes to start high leverage forex trading in Canada, then it becomes essential for you to perform your due diligence before choosing a certain high leverage broker. Here we have some of the most important things that you must consider to find the best high leverage broker in Canada.

So, here we go:


Undoubtedly, online high leverage forex brokers are gaining high popularity over time. Due to multiple available options in this regard, it is highly important to double check a high leverage broker before signing any contract. High leverage means an extensive sum of money. Therefore, it is important to understand who is backing your potential high leverage broker to understand how strong its foundation is.

Types of account offered

When you are going to choose a high leverage forex broker, then you must know the types of accounts your potential broker is offering. There are different types of trading accounts available. However, with the availability of most of these account types, it will become easier for you to choose an account as per your trading needs with ease.

Competitive spreads

After identifying a forex broker’s integrity, it is important to evaluate the quality of what they offer. More commonly, forex brokers are making their money via spreads, which is generally a difference of pips in the selling and buying of a currency. You can compare the difference in commissions by seeing this difference in spreads.

You should go with the high leverage broker offering the smallest spreads as this is important to ensure the highest profit of the trader in the best possible way.


There is nothing unique in forex brokers, more often. They are just like any other service company you can find online. However, before you are going to finalize a high leverage broker, it is important for you to check its customer reviews and accessibility to understand things more effectively.

Benefits of high leverage forex trading

Do you want to know what makes high leverage forex trading a more amazing option to consider? Here are some of the most amazing benefits of high leverage forex trading that you must know in this regard:

Trade even with lower capital

Even knowing about the possible risks of high leverage forex trading, this trading can let you trade more with lower trading capital with ease. By considering a strong risk management strategy, experience, and top-notch trading strategy, you can mitigate the risks of high leverage forex trading in the best possible way.

Increased probability of trading profits

Well, this benefit of high leverage trading is another reason to consider this trading option if you have the right skills and experience in forex trading. The entire essence of high leverage trading lies in the fact that it lets traders to enhance their profit rate even with minimum trading capital and efforts with ease.

Even more, the same effect can also be achieved if they are going to invest high in every position. But for the people who don’t have enough capital, can get this benefit with high leverage forex trading.

Enhanced capital efficiency

The main examples of the high leverage forex trading include that forex traders will be able to allocate their trading capital in a more effective and efficient way. It means with normal forex trading it can take weeks or even months to generate profit of about $5000, but with high leverage forex trading you will be able to earn this amount after an increase in one position only.

A best weapon against forex market’s high volatility

High leverage trading offers you the ability to create high profits even with lower investment capital. Besides this, high leverage trading can also act as an amazing weapon against the high volatility of this market. As this can offer high leverage traders an amazing opportunity from even a tiniest movement in the prices of the currency in the forex market. As a result, high leverage traders will be able to reap amazing profits with ease.

Final thoughts

Overall, high leverage forex trading can bring some amazing benefits to you. Most amazingly, if you are going to follow the rules of risk management and high leverage trading disciplines, then high leverage trading can bring some exceptional benefits for you.

However, to reap all of these benefits, it is highly important for you to choose the best high leverage forex broker. So, that it can become easier and more effective for you to experience high leverage forex trading.

Frequently Asked Questions (FAQs)

What is the maximum leverage allowed for Canadian forex traders?

The maximum leverage allowed for Canadian forex traders varies depending on the broker and the currency pair traded. It can range from 30:1 to 500:1. However, it’s essential to use high leverage cautiously due to the associated risks.

Do I need a large amount of capital to start forex trading in Canada?

No, you don’t need a large amount of capital to start forex trading in Canada. Many brokers offer mini and micro accounts that allow you to trade with a smaller initial investment.

What is the best trading strategy for forex beginners in Canada?

For beginners, it’s advisable to start with a solid understanding of the market, use low leverage, and implement risk management strategies. Consider practicing on a demo account before trading with real money.

Are there any tax implications for forex trading in Canada?

Yes, there are tax implications for forex trading in Canada. Profits from forex trading are considered capital gains and are subject to taxation. It’s advisable to consult with a tax professional to ensure compliance with tax regulations.

Martin Jekic - Forexcanada
Written by: Martin Jekic , Forex Expert Fact checked by: Aron Smith, General Manager at Forexcanada
Updated on: April 01, 2024