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Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. CIRO is carrying on the regulatory functions of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada, and is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments.

CIRO

Regulated
Jefferies
20+ years
Regulated in United Kingdom
Regulated in Canada
Market Making License (MM)
Derivatives Trading License (EP)
Self-developed
Global Business
8.41
Score
Domestic Regulation
OANDA
20+ years
Regulated in Australia
Regulated in United Kingdom
Regulated in Japan
Regulated in United States
Regulated in Canada
Regulated in Singapore
Regulated in The Virgin Islands
Market Making License (MM)
Forex Trading License (EP)
Derivatives Trading License (EP)
MT5 Full License
Self-developed
MT4 Full License
Global Business
High Potential Risk
Offshore Regulation
8.34
Score
Domestic Regulation
FOREX.com
20+ years
Regulated in Australia
Regulated in Japan
Regulated in United States
Regulated in Cyprus
Regulated in Canada
Regulated in United Kingdom
Regulated in Singapore
Forex Trading License (EP)
Derivatives Trading License (EP)
Market Making License (MM)
MT4 Full License
MT5 Full License
Self-developed
Global Business
High Potential Risk
8.27
Score
Regulated
CMC MARKETS
20+ years
Regulated in Australia
Regulated in United Kingdom
Regulated in New Zealand
Regulated in Canada
Regulated in Singapore
Derivatives Trading License (MM)
Derivatives Trading License (EP)
Market Making License (MM)
MT4 Full License
MT5 Full License
Self-developed
Global Business
United Kingdom Market Making License (MM) Revoked
High Potential Risk
8.15
Score
Domestic Regulation
InteractiveBrokers
20+ years
Regulated in Australia
Regulated in United Kingdom
Regulated in Japan
Regulated in Hong Kong
Regulated in Canada
Regulated in United States
Market Making License (MM)
Derivatives Trading License (EP)
Derivatives Trading License (AGN)
Self-developed
Global Business
Australia Forex Execution License (STP) Revoked
Hong Kong Market Making License (MM) Revoked
High Potential Risk
8.14
Score
Regulated
Fortrade
10-15 years
Regulated in Australia
Regulated in United Kingdom
Regulated in Canada
Regulated in Cyprus
Market Making License (MM)
Derivatives Trading License (EP)
Derivatives Trading License (MM)
Self-developed
MT4 Full License
Global Business
Belarus Forex Trading License (EP) Revoked
High Potential Risk
8.11
Score
Regulated
Plus500
15-20 years
Regulated in Australia
Regulated in Japan
Regulated in Cyprus
Regulated in United Kingdom
Regulated in Canada
Regulated in New Zealand
Regulated in United Arab Emirates
Regulated in Singapore
Regulated in Seychelles
Regulated in Bahamas
Market Making License (MM)
Forex Execution License (STP)
Forex Trading License (EP)
Derivatives Trading License (EP)
Derivatives Trading License (MM)
Self-developed
Global Business
High Potential Risk
Offshore Regulation
7.99
Score
Regulated
 CI DIRECT INVESTING
10-15 years
Regulated in Canada
Derivatives Trading License (EP)
Self-developed
Regional Brokers
6.86
Score
Regulated
cg/ Direct
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Self-developed
6.76
Score
Regulated
Questrade
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Global Business
Medium Risk
6.72
Score
Regulated
RBC Securities
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Suspicious Operational Region
Medium Risk
6.69
Score
Regulated
Jitneytrade
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Suspicious Operational Region
Medium Risk
6.69
Score
Regulated
CANDEAL
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Suspicious Operational Region
Medium Risk
6.69
Score
Regulated
R.J.O’Brien
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Suspicious Operational Region
Medium Risk
6.67
Score
Regulated
RBC
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Global Business
Medium Risk
6.67
Score
Regulated
Odlum Brown
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Medium Risk
6.67
Score
Regulated
Argosy Securities
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Suspicious Operational Region
Medium Risk
6.67
Score
Regulated
VELOCITY TRADE
15-20 years
Regulated in Canada
Regulated in Australia
Regulated in United Kingdom
Regulated in South Africa
Regulated in Singapore
Derivatives Trading License (EP)
Inst Market Making (MM)
Inst Forex Execution (STP)
Forex Trading License (EP)
Market Making License (MM)
Self-developed
Suspicious Operational Region
High Potential Risk
6.54
Score
Regulated
JonesTrading
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Suspicious Operational Region
High Potential Risk
5.13
Score
Regulated
Ventum Financial
5-10 years
Regulated in Canada
Derivatives Trading License (EP)
Suspicious Operational Region
High Potential Risk
5.13
Score