Best Spread Betting Platforms Canada

Adam Rosen - Lead financial writer

Updated 19-May-2022

Canada Spread Betting Platforms

Using spread betting in Canada, Canadians traders can speculate on financial markets such as forex, indices, commodities, and stocks without having to purchase the underlying asset. Canada Spread betting is a popular derivative product that allows Canadians spread betting traders to speculate instead, on whether they believe the spread betting price will climb or decline in the near future.

Canada spread betting is leveraged, which means you'll utilise a little deposit (known as margin) to build a greater position than Canada traders would normall be able too. Just keep in mind that because both Canada losses and gains are computed on the full position size, Canadians traders total losses and earnings could exceed their initial Canada deposits. Canada spread betting is tax-free because Canadians traders are not acquiring ownership of the underlying asset.

Best Spread Betting Platforms Canada Table Of Contents

  • Roboforex Spread Betting Platform Canada

    Visit Roboforex

    🀴 Roboforex is Used By: 10,000
    ⚑ Roboforex is Regulated by: Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with Roboforex: 100

    πŸ“ˆ Roboforex Inactivity Fees: No
    πŸ’° Roboforex Withdrawal Fees: Yes
    πŸ’° Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, Bitcoin, WebMoney, BPAY, China UnionPay, FasaPay, CashU, QIWI, Yandex Money, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,

    Roboforex Risk warning : Losses can exceed deposits

  • IC Markets Spread Betting Platform Canada

    Visit IC Markets

    🀴 IC Markets is Used By: 180,000
    ⚑ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with IC Markets: 232

    πŸ“ˆ IC Markets Inactivity Fees: No
    πŸ’° IC Markets Withdrawal Fees: No
    πŸ’° IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,

    IC Markets Risk warning : Losses can exceed deposits

  • XTB Spread Betting Platform Canada

    Visit XTB

    🀴 XTB is Used By: 250,000
    ⚑ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

    πŸ’΅ What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, UK Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with XTB: 4000

    πŸ“ˆ XTB Inactivity Fees: Yes
    πŸ’° XTB Withdrawal Fees: No
    πŸ’° XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,

    XTB Risk warning : 74% 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.

  • Pepperstone Spread Betting Platform Canada

    Visit Pepperstone

    🀴 Pepperstone is Used By: 89,000
    ⚑ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

    πŸ’΅ What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Pepperstone: 100

    πŸ“ˆ Pepperstone Inactivity Fees: Yes
    πŸ’° Pepperstone Withdrawal Fees: No
    πŸ’° Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,

    Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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

  • FP Markets Spread Betting Platform Canada

    Visit FP Markets

    🀴 FP Markets is Used By: 10,000
    ⚑ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)

    πŸ’΅ What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with FP Markets: 100

    πŸ“ˆ FP Markets Inactivity Fees: No
    πŸ’° FP Markets Withdrawal Fees: No
    πŸ’° FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,

    FP Markets Risk warning : Losses can exceed deposits

  • FXPrimus Spread Betting Platform Canada

    Visit FXPrimus

    🀴 FXPrimus is Used By: 10,000
    ⚑ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)

    πŸ’΅ What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, UK Stocks, Energies, Metals,
    πŸ’΅ Instruments Available with FXPrimus: 130

    πŸ“ˆ FXPrimus Inactivity Fees: No
    πŸ’° FXPrimus Withdrawal Fees: Varies
    πŸ’° FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,

    FXPrimus Risk warning : Losses can exceed deposits

  • easyMarkets Spread Betting Platform Canada

    Visit easyMarkets

    🀴 easyMarkets is Used By: 142,500
    ⚑ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
    πŸ’΅ Instruments Available with easyMarkets: 200

    πŸ“ˆ easyMarkets Inactivity Fees: No
    πŸ’° easyMarkets Withdrawal Fees: No
    πŸ’° easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,

    easyMarkets Risk warning : Your capital is at risk

  • SpreadEx Spread Betting Platform Canada

    Visit SpreadEx

    🀴 SpreadEx is Used By: 10,000
    ⚑ SpreadEx is Regulated by: Financial Conduct Authority (FCA)

    πŸ’΅ What You Can Trade with SpreadEx: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, UK Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds, Options, Treasuries,
    πŸ’΅ Instruments Available with SpreadEx: 15000

    πŸ“ˆ SpreadEx Inactivity Fees: No
    πŸ’° SpreadEx Withdrawal Fees: 0, minimum £50
    πŸ’° SpreadEx Payment Methods: Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer,

    SpreadEx Risk warning : Losses can exceed deposits

  • NordFX Spread Betting Platform Canada

    Visit NordFX

    🀴 NordFX is Used By: 10,000
    ⚑ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

    πŸ’΅ What You Can Trade with NordFX: Forex, Majors, Metals,
    πŸ’΅ Instruments Available with NordFX: 50

    πŸ“ˆ NordFX Inactivity Fees: No
    πŸ’° NordFX Withdrawal Fees: No
    πŸ’° NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,

    NordFX Risk warning : Losses can exceed deposits

  • HYCM Spread Betting Platform Canada

    Visit HYCM

    🀴 HYCM is Used By: 10,000
    ⚑ HYCM is Regulated by: Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048

    πŸ’΅ What You Can Trade with HYCM: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with HYCM: 100

    πŸ“ˆ HYCM Inactivity Fees: Yes
    πŸ’° HYCM Withdrawal Fees: No
    πŸ’° HYCM Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer,

    HYCM Risk warning : Losses can exceed deposits

  • Swissquote Spread Betting Platform Canada

    Visit Swissquote

    🀴 Swissquote is Used By: 300,000
    ⚑ Swissquote is Regulated by: Swiss Financial Market Supervisory Authority (FINMA), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), Monetary Authority of Singapore (MAS)

    πŸ’΅ What You Can Trade with Swissquote: Forex, Minors, Majors, Exotics, Indices, UK Stocks, UK Stocks, Pennystocks, Energies, Metals, Bonds,
    πŸ’΅ Instruments Available with Swissquote: 100

    πŸ“ˆ Swissquote Inactivity Fees: No
    πŸ’° Swissquote Withdrawal Fees: $10
    πŸ’° Swissquote Payment Methods: Credit cards, Debit cards, Bank Transfer, Payoneer,

    Swissquote Risk warning : Losses can exceed deposits

  • Axi Spread Betting Platform Canada

    Visit Axi

    🀴 Axi is Used By: 10,000
    ⚑ Axi is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Financial Service Authority of St. Vincent and the Grenadines (FSA)

    πŸ’΅ What You Can Trade with Axi: Forex, Minors, Cryptocurrencies, Majors, Exotics,
    πŸ’΅ Instruments Available with Axi: 100

    πŸ“ˆ Axi Inactivity Fees: No
    πŸ’° Axi Withdrawal Fees: No
    πŸ’° Axi Payment Methods: Credit cards, Debit cards, Bank Transfer, Neteller, BPAY, UnionPay, Payoneer,

    Axi Risk warning : Losses can exceed deposits

  • ForexMart Spread Betting Platform Canada

    Visit ForexMart

    🀴 ForexMart is Used By: 10,000
    ⚑ ForexMart is Regulated by: Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with ForexMart:
    πŸ’΅ Instruments Available with ForexMart: 111

    πŸ“ˆ ForexMart Inactivity Fees: No
    πŸ’° ForexMart Withdrawal Fees: 5
    πŸ’° ForexMart Payment Methods: Bank Transfer, Visa, MasterCard, Skrill, Neteller, PayCo, fasaPay, Qiwi, Union Pay, AliPay,

    ForexMart Risk warning : Your capital is at risk

  • ForTrade Spread Betting Platform Canada

    Visit ForTrade

    🀴 ForTrade is Used By: 1,000,000
    ⚑ ForTrade is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB)

    πŸ’΅ What You Can Trade with ForTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Bonds,
    πŸ’΅ Instruments Available with ForTrade: 100

    πŸ“ˆ ForTrade Inactivity Fees:
    πŸ’° ForTrade Withdrawal Fees: No
    πŸ’° ForTrade Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, Neteller, Payoneer,

    ForTrade Risk warning : Your capital is at risk

  • Eightcap Spread Betting Platform Canada

    Visit Eightcap

    🀴 Eightcap is Used By: 10,000
    ⚑ Eightcap is Regulated by: Australian Securities and Investments Commission (ASIC), Vanuatu Financial Services Commission (VFSC)

    πŸ’΅ What You Can Trade with Eightcap: Forex, Minors, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Eightcap: 100

    πŸ“ˆ Eightcap Inactivity Fees: No
    πŸ’° Eightcap Withdrawal Fees: Yes
    πŸ’° Eightcap Payment Methods: Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, Payoneer,

    Eightcap Risk warning : Losses can exceed deposits

  • ETFinance Spread Betting Platform Canada

    Visit ETFinance

    🀴 ETFinance is Used By: 10,000
    ⚑ ETFinance is Regulated by: Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with ETFinance:
    πŸ’΅ Instruments Available with ETFinance: 150

    πŸ“ˆ ETFinance Inactivity Fees:
    πŸ’° ETFinance Withdrawal Fees: $100/10000JPY
    πŸ’° ETFinance Payment Methods: Bank Bank Wire transfer, Electronic wallets (eWallets), Skrill account, Neteller,

    ETFinance Risk warning : Trading leverage products may not be suitable for all traders. 71% of retail CFD accounts lose money.

  • Interactive Brokers Spread Betting Platform Canada

    Visit Interactive Brokers

    🀴 Interactive Brokers is Used By: 10,000
    ⚑ Interactive Brokers is Regulated by: Financial Conduct Authority (FCA)

    πŸ’΅ What You Can Trade with Interactive Brokers: Forex, Majors, Indices, UK Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with Interactive Brokers: 100

    πŸ“ˆ Interactive Brokers Inactivity Fees: Yes
    πŸ’° Interactive Brokers Withdrawal Fees: 10 USD
    πŸ’° Interactive Brokers Payment Methods: Bank Transfer, American Express, Cheque or Check,

    Interactive Brokers Risk warning : Losses can exceed deposits

  • IG Spread Betting Platform Canada

    Visit IG

    🀴 IG is Used By: 239,000
    ⚑ IG is Regulated by: Financial Conduct Authority (FCA), Federal Financial Supervisory Authority (BaFin), Swiss Financial Markets Supervisory Authority (FINMA), Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Australian Securities and Investment Commission (ASIC), Financial Markets Authority (FMA), Monetary Authority of Singapore (MAS), Japanese Financial Services Authority (FSA), Financial Sector Conduct Authority (FSCA), Dubai Financial Services Authority (DFSA), Bermuda Monetary Authority (BMA)

    πŸ’΅ What You Can Trade with IG: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds, Options,
    πŸ’΅ Instruments Available with IG: 17000

    πŸ“ˆ IG Inactivity Fees: Yes
    πŸ’° IG Withdrawal Fees: No
    πŸ’° IG Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, BPAY, Payoneer,

    IG Risk warning : 70% of retail CFD accounts lose money

  • ETX Capital Spread Betting Platform Canada

    Visit ETX Capital

    🀴 ETX Capital is Used By: 10,000
    ⚑ ETX Capital is Regulated by: Financial Conduct Authority (FCA)

    πŸ’΅ What You Can Trade with ETX Capital: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
    πŸ’΅ Instruments Available with ETX Capital: 100

    πŸ“ˆ ETX Capital Inactivity Fees: Yes
    πŸ’° ETX Capital Withdrawal Fees: No
    πŸ’° ETX Capital Payment Methods: Credit cards, Debit cards, Bank Transfer, Neteller, UnionPay, SOFORT, Giropay, Payoneer,

    ETX Capital Risk warning : Losses can exceed deposits

  • GKFX Spread Betting Platform Canada

    Visit GKFX

    🀴 GKFX is Used By: 10,000
    ⚑ GKFX is Regulated by: Malta Financial Services Authority (MFSA)

    πŸ’΅ What You Can Trade with GKFX: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, UK Stocks, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with GKFX: 100

    πŸ“ˆ GKFX Inactivity Fees: No
    πŸ’° GKFX Withdrawal Fees: No
    πŸ’° GKFX Payment Methods: Credit cards, Debit cards, Bank Transfer, SOFORT, Payoneer,

    GKFX Risk warning : Losses can exceed deposits

What Is Spread Betting Canada?

In order to take a position on the underlying market price of an asset, Canada spread betting must follow the value of the asset. Spread betting does not require Canadians spread bettors to take ownership of the asset. Canada spread betting allows you to trade short and long positions while leveraging and margining your account.

Canada spread betting platforms, which are not to be confused with traditional Canada gambling markets, allow you to trade financial instruments such as gold, currencies, stocks, and oil using leverage, which is basically high risk borrowed money from the Canada spread betting platform. It is necessary to correctly estimate whether the value of a financial instrument will rise or decline in order to make money. Canada spread betting platform spread betting differs from forms of gambling in that you will not be obliged to pay any capital gains tax on your profits.

Advantages Of Spread Bettting Canada?

  • leverage can be used on Canada spread betting platforms.
  • No commission of spread betting trades in Canada.
  • Both Short and long trades can be executed on Canada spread betting platforms.
  • Profit without paying tax or stamp duty. Tax regulations are subject to change and are dependent on the circumstances of each individual. It is possible that tax law in a jurisdiction other than Canada will differ.
  • Trade a wide range of financial markets using Canada spread betting platforms including stocks, forex, commodities and more.
  • Spread betting in Canada can be used to hedge a portfolio of other financial assets.
  • Canada Spread betting platforms allow out-of-hours trading.

Spread Betting Canada Disadvantages And Risks?

Spread betting is high risk for Canadians traders. Without the use of a stop loss position, losses can be quick and limitless. Because of the geared nature of Canada spread betting, market movements are magnified and volatility is increased. The fact that a loss can occur does not mean that it can be offset against a Canadians spread betting investors capital gains on subsequent investments, as is the case with stock purchases.

  • Canada spread betting leverage is very high risk and may result in huge trading losses.
  • Canada spread Betting loss may be greater than your deposited amount.
  • Canada spread betting is highly leveraged.
  • Canada spread bets have an expiry date, which adds risk to the Canadians spread betting trader.
  • There is no acquired ownership or interest in the underlying asset or market with Canada spread betting. Canada spread betting traders are only speculating on up or down price movements with their Canada spread betting platform.
  • The Canada and glonal markets for spread betting are particularly volatile.

Canada Spread Betting Platform Margins

You can open a Canada position in spread betting utilising margin, which allows you to do so by merely investing a proportion of the total value of the position. Therefore, your Canada losses will be magnified, and you may end up losing your entire Canada investment portfolio. Canada Profits and losses are calculated as a percentage of the total value of your stake.

Spreads On Canada Spread Betting Platforms

On Canada spread betting platforms, the difference between two prices, rates, or yields is referred to as the spread. The spread, according to one of the most accepted definitions, is the difference between the bid and ask prices of a security or asset. This is referred to as the bid-ask spread or simply the price difference on Canada spread betting platforms.

Canada Spread Betting Vs CFDs

Canada speculative betting on the price changes of an underlying asset without actually owning the underlying instrument is known as spread betting. Canada Contracts for difference (CFDs) are high risk leveraged trades that follow the value of an underlying instrument and pay out in accordance with the value of an agreed instrument. A Canada CFD trade is a speculative trade between the Canadians spread bettor and the Canada spread betting platform. With both spread betting and CFD trading no underlying financial assets are brought or sold.

Because you do not acquire ownership of the underlying assets when you trade them, you do not have to pay stamp duty on any of these products.

Canada Spread Betting Vs Trading Stocks

In the case of Canada share trading, you will truly be the owner of the asset, share, or stock you are trading in. Canada spread betting is a financial instrument in which you do not own any underlying stocks or other financial assets. Speculating on the up or down movement of an underlying financial instrument is the sole purpose of Canada spread betting. Speculating on the up or down movement of an underlying financial instrument is the sole purpose of Canada spread betting.

Canada Forex Spread Betting Platforms

Canada Forex spread betting is the act of placing a speculative buy or sell trade on the movement of the price of two different currencies. Typically, a Canada spread betting platform that offers currency spread betting will present two prices: a bid and an ask.

The spread is the difference between the purchase and sell prices expressed in points of difference (pips). In order to accomplish so, you must remove the bid price from the ask price. Consider the following example: if you're trading the GBP/USD at 2.6041/2.6045, the spread is 0.0004 percent (4 pips).

Canada Spread Betting Fees

When you place a spread bet on a Canada spread betting platform, there will be no commission fee paid. This is due to the fact that the cost of executing your transaction is reflected into the spread calculation with your Canada spread betting broker. Other Canada fees and charges may apply to your spread bets, depending on how long you choose to keep your position open and how much money you invest on your Canada spread betting platform.

Check Your Canada Spread Betting Platform is Regulated

Only trade with reputable Canada spread betting platforms that are well financially regulated. You can check a Canada spread betting platforms financial regulation by searching for their name on your regulators website. Canada spread betting platforms who are authorised and licensed to offer spread betting services to Canadians traders provide a particular level of security for their Canadians clients funds. All Canada spread betting platforms must separate Canadians client funds segregated from the companys own funds. This is incase your Canada spread betting platform goes bankrupt, your Canadians funds should be separate and you have some recourse through your financial regulator.

Canada Margin Trade Requirements

The margin requirements for Canada spread betting vary from one Canada spread betting platform to the next and are typically determined by the underlying assets that are exchanged in the contract. It is computed as a percentage of the value of the underlying asset and can range from 2 percent to 50% depending on the liquidity and volatility of the financial market that is being speculated on.

Canada Spread Betting Platform Customer Service

Good customer support from your Canada spread betting platform is an essential part of a successful trading strategy. If for any reason you have an issue with the Canada spread betting platform trading tools, funding methods, withdrawal methods, you will need these issues resolved quickly. Canadians spread betting traders should check for live chat, email, and phone support options from their Canada spread betting platforms.

Can You Make Money Spread Betting Canada?

If Canada spread bets are placed correctly, spread betting may result in a good amount of profit. Only a tiny fraction of traders are actually successful, while the vast majority of Canada spread bet traders are unsuccessful. Spread betting is high risk and is only for experienced Canadians traders.

Canada Spread Betting Tax Advantages?

Canada spread bets are exempt from Capital Gains Tax. Tax regulations may differ depending on your status and are subject to change. Canada spread bets are not tax deductible, which means that any losses cannot be used to offset other types of Canada capital gains. Please consult a Canada tax professional for clarification.

Spread betting is legal in Canada and is available to Canadians residents.

Is Canada Spread Betting Gambling?

Despite the fact that it is considered gambling by the Canada government, many Canadians spread betting platform traders benefit from trading in a manner similar to CFD trading and take advantage of the fact that any profits are tax-free. Spread betting is very high risk, so is highly regulated by Canada financial regulators.

What Is The Best Spread Betting Platform Canada?

IC Markets is the best Canada spread betting platform.

How Do I Spread Bet In Canada?

  1. Open a Canada demo account or live account.
  2. Research financial instruments to trade on your Canada spread betting platform.
  3. When you are ready place a buy or sell trade on your on your Canada spread betting platform.
  4. Make sure you use a risk management strategy when trading on a Canada spread betting platform.
  5. Enter your Canada spread betting platform position size and place your trade.
  6. Monitor your open spread betting positions for market volatility on your on your Canada spread betting platform.

How to Open A Canada Spread Betting Account

Once you have short listed your chosen regulated Canada spread betting platforms, you will want to open a demo or live spread betting trading account.

Open A Spread Betting Platform Account Canada

To open a live Canada spreading betting account the broker will require you to register and verify your identification.

For this you will need to provide the Canada spread betting platform with your Full Name, Home Address, Date Of Birth, Proof Of ID and Canada Telephone number.

Upload Valid Canada Proof Of ID

Only trade with Canada regulated spread betting platforms. As part of your Canada spread betting platforms regulatory requirements you will need to pass what is know as Know Your Customer or KYC. This involved Canadians spread betting platform traders to provide proof of Canada residence and ID. Valid Canada proof of ID can be a Canada passport or valid Canada drivers license and a recent upto 3 month old utility bill which has your full name and address on it.

Fund Your Canada Spread Betting Platform Account

to Trade on a live spread betting platform in Canada, you will need to fund and make a deposit to your account. There are many funding methods for Canada spread betting platforms including, Credit cards, Debit Cards, Bank Transfers, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, and cryptocurrency like Bitcoin and Ethereum.

Research Global And Canadians Spread Betting Platforms

Modern Canada spread betting platforms have a wide range of live market data, technical analysis tools that allow Canada traders to spot trends and opportunities in spread betting financial markets. You will need to take the time to understand and analysis spread betting trading charts. Most importantly Canada spread betting platform tools allow Canadians spread betting traders to plan and perform risk management and use risk management tools when placing buy and sell spreadbet orders.

You should be able to quickly access and perform analysis on spread betting stocks, currency, crypto, commodity, ETF and CFD financial markets on your chosem Canada spread betting platform.

Place An Order On Your Spread Betting Platform Canada

Once you have thoroughly conducted your research, and are ready to place a spread betting buy or sell order on your Canada spread betting platform.

To place your spreadbet, click on the 'buy' or'sell' option on the trading dashboard of your Canada spread betting trading platform screen. Canada Spread betting platforms function on the basis of 'points' or pips with each point representing a different unit of an asset in the spread betting financial markets. Consider the following example: if you bet 1 [currency] per point, your profit or loss will increase or decrease by 1 [currency] for each point the asset rises or falls in value by. Before executing any Canada trades make sure you set and use risk management tools like stop loss orders or limit orders. This will help to limit loss in times spread betting market volatility. When you are ready confirm your buy or sell spread betting order on your chosen Canada spread betting platform and it will be executed straight away.

Canada Spread Betting Platforms Verdict

Modern spread betting platforms in Canada have seen huge growth over the last year.

Which ever Canada spread betting platform your decide upon, You will need to make sure you pay any required tax on your profits. When using Canada spread betting trading platforms and trading using a spread betting facility, you should be able to keep 100 percent of your trading profits. But you will need to check this with a Canada tax professional.

When shortlisting the best Canada spread betting platforms, pay attention to criteria such as the number of supported spread betting markets, commissions and spreads, the minimum trade requirements, and very importantly check your Canada spread betting platform is very well financially regulated and are licensed and allowed to serve Canadians spread betting traders.

If spread betting using spread betting leverage on a Canada spread betting platform make sure you understand the risks. Trading using leverage when spread betting is very high risk. Trading using CFD trades are only for Canadians experienced traders. With CFD trading you may lose more than your exposure to the financial markets.


Best Canada Spread Betting Platform Reviews

If Canada isn’t quite what you are looking for you can check out some of the best Canada alternatives below.

Best Canada Spread Betting Platforms Alternatives Guides

If you would like to see Canada compared agains some of the best Canada Spread Betting Platform alternatives available right now you can do so by clicking on the links below.