As a general rule, low spread forex brokers in Canada are regulated by the self-regulatory industry organization Investment Industry Regulatory Organization of Canada (IIROC), as well as by regional financial regulators in the province they are based in. As such, a broker in Alberta would be regulated by the Alberta Securities Commission, while also being allowed to operate in the other Canadian provinces.
Forex brokers in Canada generally offer quite low spreads on the most liquid FX pairs, but they may widen significantly on the less traded minor and exotic pairs. Since Canada’s financial system is so strictly regulated, traders can expect only the largest and most serious low spread forex brokers will set up offices there. A Canadian forex broker is therefore a good choice for anyone looking for maximum safety and security.