دسته: Forex Trading

CoinMarketCap gives liquidity scores for exchanges with 0 being the most illiquid and 1000 being the most liquid. The more liquid a crypto exchange is, the less likely there will be unexpectedly high transaction costs. The purpose of the risk profile is to determine if crypto trading is for you. Since Bitbuy is a regulated crypto exchange, it must comply with all regulations. They allow to register a new account , convert to crypto and then you can’t withdraw your crypto.

Securities.io

However, if the main assets are all you need, then you’ll be happy to know that Bitbuy supports them all. First of all, every Bitbuy user has to confirm its identity, meaning that the platform ensures there are no fake accounts and scammers on the platform. Bitbuy crypto exchange has quite a lot to offer, so let’s take a look at each of the aspects separately and see what it’s all about. However, since Bitbuy is strongly improving, more cryptocurrencies will be added in no time.

To entice its prospective institutional clients, the exchange has invested heavily in its infrastructure and partnerships, including using BitGo as its custody provider for corporate accounts. Sophisticated bots can even perform more advanced functions such as portfolio rebalancing and derivative orders even when the platform does not support them. Depending on the settings, an API can give authority to open and close trades and initiate asset transfers. A trading API (application programming interface) is a channel through which a user can access their trading accounts remotely through a bot or third-party software.

• My experience involved checking Bitbuy’s trading tools and seeing if both beginners and experienced traders would find what they need.
• The company maintains social media pages, an informational YouTube channel, and a dedicated support page that also allows customers to submit support tickets for more customized help.
• Also, you get all the needed features that allow you to track the currency market prices, your orders, view history, and so much more.
• Trading on Bitbuy’s Express platform incurs a 0.2% commission per side, while Pro users benefit from a 0.1%–0.2% maker/taker model—competitive for Canadian crypto exchanges, though not as low as some global giants.
• Also, the insurance covers up to the full price of your assets.
• Cryptocurrency will be one of the main medium exchanges in the future.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. They continue to pursue innovation on the trading side, as well as quality regulation and a safe trading environment which is of great importance. A number of support functions through which the Bitbuy team are available and you can answer questions are provided for through the company homepage. Again this platform is available in your browser and you will have access to more charting data and order types for a highly-customizable experience.

This service can be used for crypto-based businesses that want to automate their trading processes. It was created for reliable partners to be able to connect to Bitbuy’s 10+ markets that offer a variety of CAD-to-crypto and crypto-to-crypto pairs. PRO Trade platform is created for advanced traders. However, since the platform is created specifically for Canadians, it supports Canadian dollars only.

Company details

I hope that you found this Bitbuy review helpful and are ready to become a part of the crypto community! However, if you live in Canada, you should definitely check this platform out. That’s why the only fiat currency supported at the moment is CAD. Now that you’ve managed to make a deposit, it’s time to start using the platform.

I’ve never had any problems with…

Bitbuy also regularly publishes proof-of-reserve reports through independent third-party audits, demonstrating that client assets are adequately backed and held securely. Bitbuy provides insurance for digital assets held in its cold storage, offering coverage against certain theft events. The team comprises experts in digital assets, compliance, technology, and financial services. In 2022, Bitbuy became part of the WonderFi group, a publicly traded Canadian fintech company. Rewards rates and eligible coins are shown in the platform, and staked funds are generally subject to a lock-up or unstaking period as specified per asset. The minimum deposit required to fund your Bitbuy account is typically $50 CAD if using Interac e-Transfer.

Bitbuy will send a code to your phone which you’ll need to access your account. On the other hand, if you want access to advanced order types and detailed charting, and you’re comfortable with a more robust interface, then Bitbuy’s Pro platform is ideal for you. If you’re just looking to make a quick purchase at market price, Bitbuy Express is a great choice. Bitbuy is perfect for both beginners and more experienced traders. All of our content is written by Canadian crypto experts, not robots.

How Much Does it Really Cost To Trade Crypto With BitBuy?

They hold your crypto for days even after you meet all requirements and you can’t withdraw your crypto.There is one problem after another with this we… I lost money everyday because I… While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we cover a range of products, our comparison may not include every product or provider in the market. The higher the score, the better the exchange—simple.

Bitbuy Review 2025: Pros, Cons, Fees, and Alternatives

Bitbuy continues to operate as a separate crypto trading platform despite the changes in ownership. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. The exchange platform (i.e. Kraken) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. 17 supported coins are wayyyyyy to small than others exchange out there

Regulated Crypto Exchanges in Canada: What You Need To Know

The provider offers the bitbuy canada review ability to trade not only using the desktop platform but also their mobile app that’s available for both iOS and Android users. Centralized cryptocurrency exchanges tend to be rather easy to use. Bitbuy offers fiat support, meaning that you’ll be able to purchase cryptocurrencies without much trouble. Now, you should know that not all crypto exchanges support fiat currencies.

• Unfortunately, at the moment, Bitbuy does not offer real-time customer support through either phone or online chat.
• This is particularly true for Canadian traders and is shown in the number of users that the company has.
• This helped me highlight where Bitbuy stands out in terms of transparency, reliability, and platform quality, and where it still has room to improve.
• The service is advantageous as it involves fewer steps to buy or sell digital assets compared to using the pro service.

Yes, Bitbuy offers Over-The-Counter (OTC) trading for large crypto transactions. Now, there are no deposit fees, but they’ve implemented a tiered trading fee system based on your 90-day trading volume. Bitbuy’s fees were once some of the lowest in the industry, with a flat 0.2% trading fee. The Express platform offers a simple, user-friendly interface, making it easy to buy crypto in just a few minutes. Whether you’re just starting your crypto journey or you’re a seasoned investor, Bitbuy offers an easy and reliable platform with both Express and Pro options to suit your needs. We earn commissions through referral links to crypto exchanges and products on this site.

Excellent customer service support

NFTs and other emerging asset classes are also not supported, which is a notable difference from platforms targeting more advanced traders or those interested in digital collectibles. The platform provides access to some stablecoins (notably USDC), which I consider essential for managing volatility and facilitating fast value transfer within the crypto ecosystem. One significant limitation is the absence of advanced products such as crypto derivatives, margin trading, and cryptos as CFDs, which are increasingly popular in other markets. I find Bitbuy’s asset offering well-suited for Canadian investors seeking direct access to popular cryptocurrencies, but the selection is limited compared to the largest global platforms. Crypto withdrawal costs are aligned with network fees, and Bitbuy does not significantly mark up these charges, setting it apart from platforms with excessive withdrawal premiums.

I have sent multiple support requests, and they do not respond. BitBuy froze me out of my account. The 5 star on their platform is all FAKE

Even though it’s quite low compared to some of the industry giants, it’s crucial to remember that Bitbuy is a Canadian-only crypto exchange platform. Bitbuy is considered to be one of the most popular and reliable crypto exchange platforms in Canada. Between 74-89% of retail investor accounts lose money when trading CFDs.

Bitbuy provides staking options for select cryptocurrencies, allowing users to earn rewards by locking up assets in the platform’s staking program. I find Bitbuy’s integrated crypto wallet to be both secure and convenient, allowing users to hold and transfer multiple cryptocurrencies directly through the platform. Always check crypto withdrawal fees before transferring assets, as network congestion can impact costs. Trading on Bitbuy’s Express platform incurs a 0.2% commission per side, while Pro users benefit from a 0.1%–0.2% maker/taker model—competitive for Canadian crypto exchanges, though not as low as some global giants.

Bitbuy offers robust API trading, giving me and other advanced users the ability to automate trading strategies and integrate external tools or bots. Bitbuy does offer staking for select cryptocurrencies, primarily well-established proof-of-stake assets. For investors seeking a secure, regulated entry point to leading digital assets without the complexity of broader DeFi or derivative markets, Bitbuy offers a simple and reliable solution.

Unfortunately, Bitbuy doesn’t offer features like staking, crypto cards, or the additional perks you might find on other platforms. For added security, you can set up two-factor authentication on your account. When it comes to keeping cryptocurrency safe, offline storage is crucial, and Bitbuy seems to take that seriously.

This regulation ensures that the broker adheres to strict financial standards and provides a secure trading environment. Whether you are a novice trader, a high-frequency trader, or someone seeking swap-free trading, Fusion Markets has an account option that aligns with your trading goals. In summary, Fusion Markets offers a straightforward selection of account types that cater to various trading styles and needs. This approach makes it easy for traders to choose the account that best suits their needs without being overwhelmed by too many options. Whether you’re a beginner needing help with the basics or an experienced trader facing complex issues, the support team is equipped to assist effectively. In summary, Fusion Markets provides essential research tools and basic educational content to support its traders.

• All four trading platforms offered are considered among the best in the industry.
• However, its dated and rugged design is inferior to newer and sleeker platforms.
• It also provides an extensive array of trading options and a broad range of platforms.
• Any negative balance protection here is at the broker’s discretion, not embedded in law.
• There is a lack of clarity on the platform with regard to processing times and accepted currencies, as well as a comprehensive table for deposit and withdrawal options.
• Traders who qualify as professional traders or are outside Australia will have a more generous leverage allowance.

Therefore, I sent a message to Fusion Market support. I’ve got a little problem and at the minute y contacted the support helped me really well, especially Charina that took really good care of me! I was able to practice for months on demo for free, which is important to me because it helped me build consistency before I started trading live.

• Trading in financial instruments such as futures, contracts for difference (CFDs), and spot foreign exchange (FX) involves a substantial risk of loss and is not suitable for all investors.
• There is no minimum deposit required to open a Fusion Markets account.
• With no apparent in-house analyst team, there is also no educational content for traders aside from a limited blog section.
• Fusion Markets was my very first broker.
• Many brokers provide MetaTrader 4, the world’s most popular forex trading platform.

Based on these reviews

With a strong focus on customer support, Fusion Markets offers fast and efficient service, with knowledgeable agents available to assist with any trading-related inquiries. Fusion Markets stands out in the crowded brokerage industry due to its unwavering commitment to delivering a cost-effective and transparent trading experience. Trading Insider is a leading financial news and analysis platform dedicated to empowering traders and investors. Fusion Markets offers a restricted selection of educational resources, which may be of interest to inexperienced traders seeking more extensive educational materials.

MetaTrader 4 (MT

Fusion Markets offers a range of basic research tools that are integrated into the MetaTrader 4 and MetaTrader 5 platforms. In summary, Fusion Markets offers a hassle-free and cost-efficient deposit and withdrawal process with a variety of options to suit different trader preferences. The broker supports a variety of payment methods and account currencies, making it easy to manage your funds Fusion Markets Broker Review efficiently. Fusion Markets provides a straightforward and cost-effective process for deposits and withdrawals, catering to the needs of both beginner and seasoned traders.

Traders who adhere to religious principles can no longer have swap-charged accounts since the Islamic account is specifically designed for them. Fusion Markets offers a Shariah-compliant account for all countries except the places where regulations limit their services. Fusion Markets offered better spreads for the nine most traded currency pairs compared to the industry average. For example, the EUR/USD spread averages 0.02 pips, which is lower than the rest of the brokers included in our comparative analysis below.

Does Fusion Markets offer demo trading?

On the other hand, the broker does not offer swap-free accounts and is not accepting clients from some countries, including the US. The broker offers a good range of financial instruments including CFDs on forex, metals, energies, indices, and shares. Fusion Markets is one of the finest retail brokers for customers who focus more on automated, copy trading, or social trading. These mobile platforms have all of the functionality of the other platform types and are very easily accessible to traders. Overnight fees are applied according to the rates at that time when traders hold CFD positions open after the close of the market. If trading through a Classic account, spreads start from 0.8 pips on major currency pairs, and trading is commission-free.

Exploring Fusion Markets’ tradable assets reveals a platform built for flexibility and continuous market access. The mobile apps provide a responsive trading experience, with real-time price updates, interactive charts, technical indicators, and full order functionality. MT5 also includes advanced pending order types, market depth data, and an integrated Virtual Private Server for uninterrupted trading.

Third-Party Trading Platforms

Fusion Markets is an Australian forex broker that first got its license in 2017. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC). Forex trading offered by tastyfx LLC, a separate but affiliated entity and business of tastytrade Inc. We changed our name in February of 2023, but we’ll always offer you a great trading experience.

Inactivity Fees

There are 8 base currencies that you can hold in your account, namely USD, EUR, GBP, AUD, JPY, SGD, THB, and CAD. Access to TradingView, a charting platform used by over 50 million people, is also available. You can find more info about their MT4 desktop, web, and mobile apps, as well as the MetaTrader 5 platform here.

Live testing demonstrated that Fusion Markets’ swaps exceed the industry benchmark, making it unsuitable for overnight trading. However, the broker’s own research content is limited in scope. Both offer advanced charting, low timeframes, and one-click trading. Traders can appreciate Fusion Markets’ extremely competitive spreads, which beat the industry average across the board. If you’re after super-low fees or crave powerful charting tools, Fusion Markets might be just what you’re looking for.

The MT4 platform is fully supported, offering a comprehensive trading environment with advanced tools and features. These platforms are known for their robust features, including advanced charting tools, technical analysis, and automated trading capabilities. Fusion Markets supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. This account type is compliant with Sharia law and does not charge interest on overnight positions, making it suitable for traders who require swap-free conditions.

Trading Fees and Other Costs

The platform includes advanced market depth options, over 70 inbuilt indicators, and 26 time frames for comprehensive market analysis. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. Their no-commission account is competitive but not as good as the former.

Holding an AFSL licence, Fusion Markets ensures compliance with regulatory standards, such as maintaining segregated client accounts with top-tier Australian banks. No need to download any third-party platform, trade directly on TradingView. On TradingView, Fusion clients can execute trades, use advanced charting, run scripts and more.

It does not constitute legal, financial, or professional advice. The information on market-bulls.com is provided for general information purposes only. MarketBulls does not offer financial advice, and all content is for informational purposes only. It is crucial to only trade with money you can afford to lose. Please note that trading leveraged products carries a significant risk of losing all your invested capital. MarketBulls is not responsible for any losses incurred as a result of trading decisions based on the information presented on this site.

However, the broker lags in providing access to other popular asset classes such as real shares, ETFs, options, and bonds. I certainly feel as though the broker has been successful in fulfilling its promises so far. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. The broker also provides an FAQ section on their website which can be consulted for most common questions. The support team is generally professional and helpful with a fast response time in answering questions.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. In order to use the service, traders need to open an acccount and connect to the services. These tools allow traders to find, follow and copy successful traders automatically. New York City Servers has dedicated 24/5 customer support teams to help new users set up and install EAs and indicators directly to the virtual machines.

Using https://forex-review.net/ a broker with a low spread will save you lots of money in the long run – especially if you are an active trader. Brokers such as this will either offer a fixed spread (which doesn’t fluctuate during trading hours) or a variable spread. This approach ensures traders are always aware of the ‘fee’ they are paying, as it is clearly stated on the quote screen. Understandably, safety is one of the top priorities when choosing a forex broker. If you are active in the market, FXCM will allow you to claim back some of the money you spend on spreads.

Best for Forex Trading Platform: VT Markets

We have reviewed numerous forex brokers, there are 5 forex brokers which have met our quality guidelines and accept residents of Canada. When it comes to trading platforms, Forex.com’s Canadian clients can choose from the firm’s mobile trading app, a desktop web-based trader, or MetaTrader 5. Playmaker does this by offering traders real-time feedback in running on their trading decisions. Yes, FOREX.com is fully regulated in Canada and owned by StoneXm, listed on the NASDAQ exchange, and as such, we rate them as a safe brokers to trade with. Take advantage of demo accounts, review each broker’s fees and tools, and make sure your choice supports the way you want to trade. Canada is somewhat limited in the number of forex brokers that can be used relative to other areas of the globe, like the U.K.

How to find a safe forex broker in Canada?

I learned that the broker offers social and copy trading via the PU Prime App. Also, MultiBank provides FIX API solutions for Direct Market Access (DMA) trading so that traders can obtain raw spreads directly from an exchange’s order books. The MultiBank App is also integrated with advanced market analytics so that traders can make informed trading decisions on the go. MultiBank is a rapidly growing financial derivatives broker catering to traders from different backgrounds with its comprehensive offering and fair prices. This competition means that many forex brokers in Canada are providing a range of excellent products and services for their clients. By using this guide, you’ll be able to narrow down the options and choose a suitable broker that will allow you to trade the forex market safely and optimally.

These platforms are popular with FX traders worldwide thanks to the ability to build custom indicators and even use forex robots. Many of the best forex brokers in Canada will also offer full support for MT4 and MT5. Choosing one of the best forex brokers in Canada with a solid range of assets is another way to optimise your forex trading. It’s common for forex brokers to offer zero commissions and instead incorporate their fee into the spread.

• Canadian brokers regulated by CIRO should clearly state their regulatory status and registration—typically in the website footer or “About Us” section.
• Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary.
• As a result, these spreads tend to be extremely tight on the Standard account – as low as 1 pip on EUR/USD.
• Typically there are two fee types when forex trading – commissions and spreads.

Does FXCM offer demo accounts?

We open accounts, trade with real money, and evaluate everything from spreads and platforms to safety and customer support—so you can confidently choose the best brokers available to Canadian traders. Despite this, PU Prime does accept Canadian traders, giving them access to global markets, tight spreads, and advanced platforms while operating under offshore regulatory oversight. Many of the top forex brokers will offer various account types, each one appealing to a specific subset of traders.

• Our research also shows that MT4 users can download Trading Central for Windows which provides access to economic calendars and real-time trading ideas.
• Aside from that, Avatrade allow you to trade the forex market with 0% commissions – ensuring you’re able to save substantial amounts of money in the long run.
• They also offer the IRESS platform for advanced functionality, particularly for those seeking access to a wider range of instruments like shares.

OANDA’s platform is where the broker really shines, as it offers forex traders a multitude of charting options and indicators to use. OANDA is one of the IIROC regulated forex brokers on our list – ensuring Canadian traders are afforded the highest levels of protection possible. While XTB offers strong tools and negative balance protection, traders prioritizing full Canadian investor protection might prefer locally regulated brokers. OANDA is a highly reputable and regulated broker that offers a safe, flexible, and transparent trading environment for Canadian traders.

Always size your trades according to your risk tolerance, and use stop-loss and take-profit orders to manage your risk. When you’re ready for live trading, you’ll need to complete an online application and submit KYC (Know Your Customer) documents such as proof of identity and address. This avoids conversion fees that would otherwise apply if your account was only in USD or EUR. This can raise your trading costs and complicate risk management. Your trade begins 2 pips in the negative—you must overcome this before reaching profitability. If a broker does not mention CIRO membership, it may not be authorized to operate in Canada.

What Are the Risks of Trading with an Unregulated Broker in Canada?

This feature enables traders to execute larger positions with a smaller capital outlay, as the remaining funds are borrowed from the broker. Additionally, it is worth noting that accounts with advanced features typically have higher minimum deposit requirements. Most forex CFD accounts are based on the STP (straight-through processing) model. Brokers also offer a commission-free trading account that charges any overnight fees and a higher spread only. A commission-based trading account typically charges a commission to open and close a trade, the spread, and any overnight fees.

Canadian brokers usually accept deposits via bank wire transfer, credit/debit card, and e-wallets like PayPal or Skrill. Fee structures vary by broker, account type, and platform, subject to strict CIRO rules. Leverage at regulated Canadian brokers is capped to reduce the risk of extreme losses. A sharp market move could leave you not only with an empty account but also in debt to the broker.

Risk of Losing More Than You Invest

You can review whether the firm or an advisor has any ongoing or past regulatory issues. You can use this to confirm whether the broker is officially registered and compliant. CIRO publishes a searchable directory of all investment dealers and mutual fund dealers it oversees. If the broker doesn’t mention CIRO, proceed with caution—it may not be legally permitted to operate in Canada. “Authorized and regulated by the Canadian Investment Regulatory Organization (CIRO)” Or similar phrasing indicating CIRO regulation.

Best for Broad Market Access: CMC Markets

If the broker fails, your funds are protected up to a certain limit. Anyone offering financial advice, portfolio management, or dealing in derivatives such as Forex contracts must meet licensing and compliance obligations under this framework. CIRO also has mechanisms in place for dispute resolution and investor compensation in case of broker defaults or fraud. Choosing the right broker won’t guarantee profits, but it can give you a fair chance.

Non-trading fees are related to the fees charged for dormant accounts or periods of inactivity. Your broker will execute your trades and hold your trading capital, so it needs the proper authorizations, licenses, and oversight to do this properly. Below are additional elements to take into consideration when choosing a forex broker in Canada to trade with. When using OANDA’s live trading platform, I discovered that spreads were average with EUR/USD during the London open around 1.3 pips. We found that AvaTrade’s forex trading fees were better than the industry average with spreads on EUR/USD during the London session less than 1.0 pip on average.

It offers MT4, MT5, web/desktop platforms, and copy/social trading through AvaSocial and MirrorTrader. You get a range of platforms—proprietary Desktop, webtrader, MT4/5 and TradingView—for trading forex, indices, commodities and over 4,500 CFDs. As a beginner, you’ll want a broker that offers strong educational resources, low entry costs, simple platforms, and reliable customer support. The best Forex brokers for Canadian traders are those regulated by the Canadian Investment Regulatory Organization (CIRO) and registered with your provincial securities regulator. This is how most brokers earn their revenue, especially those offering commission-free accounts. Unregulated brokers don’t offer this protection—if they go bankrupt, your deposit could disappear overnight.

To help you cut through the noise, we’ve researched the top forex brokers that accept Canadian clients. Canadian traders benefit from strong financial protections through Investment Industry Regulatory Organization of Canada (IIROC), but not every broker is locally regulated—or worth your time. Whether you're new to currency trading or looking to upgrade your platform, choosing a trusted forex broker can make all the difference.

To select the most suitable account type, it is crucial to understand your trading style and specific requirements, as each account offers distinct features. During my live testing, I observed that the broker offers a diverse range of over 120 CFDs, including forex, indices, commodities, and bonds. These platforms provide fast execution, access to over 80 technical indicators, and support algorithmic trading, although they may require some learning curve.

I also enjoyed using the Autochartist plugin for MetaTrader which provides real-time technical analysis of trading ideas using an algorithmic-based market scanner. During the course of my research, I found that FP Markets provides a great range of tools for advanced traders. The broker has entities authorized and regulated by Tier 1 ASIC and CySEC as well as one unregulated entity based in St.Vincent and the Grenadines (SVG). Our research also shows that MT4 users can download Trading Central for Windows which provides access to economic calendars and real-time trading ideas.

Choose Your Country or Region

In terms of fees, Avatrade utilises a 0% commission structure, which means that you don’t have to pay any transaction fees when you place a trade. This subsidiary is registered with CIRO (formerly IIROC) and is a CIPF member, offering investor protection within specified limits. While XTB operates globally, Canadian residents can access its services via XTB FR, the French branch of the XTB Group.