CIRO Regulated Brokers in Canada

Twenty-five brokers in the WIKILIX database hold a registration with the Canadian Investment Regulatory Organization, and every one of them is on this page. CIRO is the national self-regulatory body that oversees investment dealers in Canada, formed in 2023 when IIROC and the Mutual Fund Dealers Association were amalgamated into one organisation. Scores across the set run from 54 to 89 with a median of 76.5, and 18 of the 25 were already trading before 2010.

What a CIRO registration means, and where the boundary sits

A CIRO registration says a firm is a member of the Canadian self-regulatory organisation, subject to its rulebook and its capital requirements, and that client accounts sit within Canadian Investor Protection Fund coverage. It does not say the firm is a forex specialist, and this list makes that plain. Fourteen of the 25 are domiciled in Canada, and most of those are domestic investment dealers rather than CFD platforms. Odlum Brown has an opening date of 1923 in our records, National Bank Financial 1902, and RBC Dominion Securities carries the oldest date in the set at 1901.

The boundary excludes something readers often assume it includes. A CIRO registration is not a statement about where a firm accepts clients from, and it is not permission to solicit business in another country. Sixteen of the 25 hold no second licence anywhere in our records. The other nine hold licences elsewhere too, and those are the names most traders arrive here looking for.

How we built this list

One filter: brokers whose licence records include a CIRO registration. No score floor, no minimum age, no exclusion by status label, because a page claiming to list every CIRO registered broker has to list every one of them. The grid is ordered by WIKILIX score, descending. That score is a composite of the regulatory record we hold on a firm, its recorded trading conditions and the user reports on its WIKILIX profile, so it measures what our database knows about a broker rather than the quality of its service. Thirteen of the 25 sit on exactly 76.5, which is why the middle of the grid should be read as a band and not as a ranking.

One broker in the set carries a status label other than "regulation": Ventum Financial Corp is recorded with WIKILIX's suspiciousClone flag. It stays on the list because the page is about who holds the registration, and its profile is the place to read what the flag refers to.

Who you expect to find here, and will not

Several brands that market heavily to Canadian readers sit in the WIKILIX database with no Canadian registration recorded against them. IG holds ASIC, FCA, FSCA, BaFin, MAS, DFSA and FMA licences in our records, and no CIRO entry. eToro holds FCA, CySEC, ASIC, MAS and ADGM. Exness holds CySEC, FCA and FSCA. Their absence is not a judgement about them. It means our licence records show no Canadian dealer registration, which is the only thing this page is built on.

Before you open an account

• Look the firm up on the CIRO dealer directory at ciro.ca and read the registered entity name, not the brand on the website. RBC Direct Investing Inc. and RBC Dominion Securities Inc. are two separate registrations in this set.
• Check that the entity named in your account agreement is the CIRO member. A global brand often runs its Canadian business through one subsidiary and everything else through another.
• Confirm what CIPF coverage applies to your account category. It protects client property if a member dealer fails, not against losses on a trade.
• Read the leverage figure on the contract. Across the 19 brokers here with a recorded maximum, the range runs from 1:1 to 1:400, and the Canadian dealers cluster at the bottom of it.

What this page cannot tell you is what any of these firms costs to trade with. WIKILIX holds no spread or commission data, so nothing here is ranked on price. It also cannot tell you whether a given firm will take you on as a client, which turns on your province and on the firm's own onboarding rules.