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Best Prop Trading Firms In Canada

Best Prop Trading Firms In Canada

The best proprietary trading firms in Canada offer some of the friendliest trading terms and high maximum funding limits to their clients.

The primary trading platform used by prop firms in Canada is the MetaTrader 4. Some firms also offer MetaTrader 5 and cTrader, while others are partnered with the likes of NinjaTrader and R Trader.

Most of the firms that offer their services in Canada are not based in the country. As the global prop trading market is largely unregulated, most major prop firms offer their services internationally.

Some of the top-rated prop trading firms available to Canadian traders include:

Aside from the prop firms mentioned above, there are dozens of other firms that offer their services to customers in Canada.

Canada prop trading firms stand out in terms of educational content, convenient payout rates, and solid trading platforms.

Top 3 Prop Trading Firms In Canada

While there are many viable prop trading firms that offer their services in Canada, certain firms, such as FTMO, TFF, and Blue Guardian stand out from the competition in terms of their fees, flexible funding options, education, and customer support.

first-rank

Our top rated prop

Recommended

Blue Guardian

Our rating

licences

Licences:

N/A

minimum_deposit

Currencies:

USD

maximum_leverage

Trading Platforms:

MT4

spread

Year founded:

2019

bonus

Promo Code:

N/A

clients

Min Account size:

10,000 USD

Blue Guardian offers $0 withdrawal fees, access to MetaTrader 4, no profit target after the audition, up to 85% profit split, and very low fees starting from $87.

second-rank

SabioTrade

Our rating

licences

Licences:

N/A

minimum_deposit

Currencies:

USD

maximum_leverage

Trading Platforms:

QuadCode

spread

Year founded:

2013

bonus

Promo Code:

FF30

clients

Min Account size:

$10,000

SabioTrade offers traders a free complimentary 3-step educational course, an 80% profit split, and low fees of 50 USD. The firm allows news trading and charges no trading commissions.

third-rank

PipFarm

Our rating

licences

Licences:

Singapore

minimum_deposit

Currencies:

USD, EUR, GBP

maximum_leverage

Trading Platforms:

cTrader

spread

Year founded:

2024

bonus

Promo Code:

FF5

clients

Min Account size:

10,000 USD

PipFarm prop firm offers remote traders a chance to trade with the firm’s capital after passing the evaluation phase, which only has 1 stage.

FTMO – the best-reviewed prop trading firm

FTMO main page

FTMO is one of the most well-regarded proprietary trading firms that offers its services in over 135 countries around the world, including Canada.

The firm offers a maximum funding limit of $2 million, with a step-by-step scaling plan. The profit share available to traders is 90%, with a $164 minimum entry fee for auditions.

FTMO offers plenty of instruments, such as forex, commodities, crypto, real stocks, and indices.

FTMo also has a wide variety of educational content for its clients, such as blogs, webinars, and a comprehensive FAQ section to answer customer questions.

Overall, a reliable service, affordable fees, and a high maximum funding ceiling give FTMO a FirmFunded score of 4.03 out of 5.

Sign up with FTMO now

 

True Forex Funds – prop firm with flexible withdrawal terms

main page (2)

True Forex Funds, or TFF, is a prop trading firm founded in 2021 and based in Hungary that also offers its services internationally. The minimum audition fee at the firm is 89 EUR for the $10,000 funded account.

The firm offers a maximum funding limit up to $2.5 million. The profit share for TFF traders is 80%.

True Forex Funds stands out in terms of its safety features. Two-factor authentication and regulated broker partners and liquidity providers make TFF a reliable partner. The primary trading platform used by TFF clients is the MetaTrader 4.

Overall, True Forex Funds gets a FirmFunded rating of 3.76 out of 5.

Sign up with True Forex Funds now

 

Blue Guardian – solid fees and scaling flexibility

main page

A highly rated proprietary trading firm, Blue Guardian also offers its services to traders in Canada. Founded in 2017, the firm offers some attractive trading terms, such as:

  • A maximum profit split of 85%
  • Trading of forex, crypto, commodities, and indices
  • A minimum funding amount of $10,000, and a maximum possible funding level of $2 million through Blue Guardian’s scaling plan
  • Access to MetaTrader 4
  • 8% maximum trailing drawdown

Blue Guardian has little in the form of educational content, but makes up for it with its responsive customer support.

Overall, Blue Guardian gets a FirmFunded rating of 3.95 out of 5.

Sign up with Blue Guardian now

 

Top Prop Trading Firms With CAD Accounts

Although many prop firms offer their services to Canadian traders, not all of them provide the option to open and maintain a funded account in Canadian dollars.

FTMO is one of the few firms that offers CAD as a viable option for traders to use as the base currency for their accounts.

Some prop firms do not state the allowed currencies on their websites, while others only offer USD, GBP, and EUR.

All Prop Trading Firms Available To Canadian Traders

There are dozens of prop trading firms that operate in Canada. To choose the best rated firms in the country, let’s look at a list of Canadian prop firms ranked by FirmFunded score of 1 to 5:

  • Bulenox – 3.52/5 FirmFunded score. 90% profit share. Maximum funding of $150,000 available. Minimum audition fee starts at $125 ($10,000 account). Forex, commodities, indices, and crypto trading available
  • FTUK – 3.64/5 FirmFunded score. 80% profit share. Maximum $5 million in funding through scaling. Minimum evaluation fee starts at $149 ($14,000 account). Forex, indices, commodities, and crypto trading available
  • Fidelcrest – 3.5/5 FirmFunded score. Profit share up to 90%. Maximum possible funding of $2 million. Minimum audition fee starts at EUR 99 ($15,000 account). Forex, indices, commodities and stocks available
  • The 5ers – 3.58/5 FirmFunded score. Up to 90% profit share. Maximum $4 million in funding through scaling. Minimum evaluation fee of $39 ($5,000 account). Forex, stocks, and commodities trading available
  • E8 Funding – 3.18/5 FirmFunded score. 80% profit share. Maximum funding of $300,000 available. Minimum evaluation fee starts at $138 ($25,000 account). Forex, crypto, indices, and commodities trading available
  • SurgeTrader – 3.48/5 FirmFunded score. 90% profit share. Maximum possible funding of $1 million. Minimum audition fee starts at $200 ($25,000 account). Forex, indices, commodities, and crypto trading available
  • Topstep – 3.13/5 FirmFunded score. 90% profit share. Maximum funding of $150,000 available. Minimum audition fee starts at $49 ($50,000 account). Only futures trading available
  • Finotive Funding – 3.35/5 FirmFunded score. Up to 95% profit share. Maximum possible funding of $3.2 million. Minimum audition fee starts at $50 ($2,500 account). Forex, indices, crypto, and commodities trading available

The list of available prop firms in Canada is not exhaustive, as dozens of prop firms offer their services internationally, including to residents of Canada.

Traders can refer to the scores assigned to each prop firm, as well as their individual features to decide which one offers the best terms for their trading objectives.

Head-to-Head Comparison Of Prop Trading Firms In Canada

To better understand what each prop firm offers and how they compare to competing firms, we can look at the comparison table below, which lists the fees, features, and offered instruments of the aforementioned proprietary trading firms in Canada:

Prop Firm Bulenox FTMO The 5ers TFF Fidelcrest Blue Guardian
Year founded 2022 2015 2016 2021 2018 2017
Minimum audition fee USD 125 USD 164 USD 39 EUR 89 EUR 99 USD 87
Instruments Forex, Indices, Commodities, Crypto Forex, Indices, Commodities, Stocks, Crypto Forex, Stocks, Commodities Forex, Stocks, Indices, Commodities, Crypto, Forex, Indices, Commodities, Stocks Forex, Crypto, Indices, Commodities
Minimum funded amount $10,000 $10,000 $5,000 $10,000 $15,000 $10,000
Scaling Yes Yes Yes Yes Yes Yes
Maximum funded amount $150,000 $200,000 ($2 million via scaling) Up to $4 million via scaling Up to $2.5 million via scaling $1 million ($2 million via scaling) $200,000 ($2 million via scaling)
Allowed daily loss 6% 5% 5% 3-5% 5-10% 4%
Profit target 6% 10% 5-10% 8-10% 5-20% (Pro and Micro Accs) 4-8% (1st and 2nd Phases)
Max trailing drawdown 6% 10% 10% 10% 20% 8%
Profit share 90% 90% 75-90% 80% 80-90% 85%
MetaTrader Available Yes Yes Yes Yes Yes Yes
Safety 1.5/5 5/5 1.5/5 5/5 3/5 3/5
Education 3/5 5/5 5/5 2/5 2.8/5 2/5
Customer Support 3/5 3.6/5 3.6/5 2.4/5 3.6/5 4/5
Rules and Limitations 4/5 4.8/5 3/5 2.7/5 3.2/5 5/5
Fees 4/5 2.5/5 4/5 4/5 4/5 4/5
Overall 3.51/5 4.03/5 3.58/5 3.76/5 3.5/5 3.95/5
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Canada Prop Firms And Their Supported Languages

Most prop trading firms that operate in Canada offer their website and trading platforms in English. However, some firms, such as FTMO and Bulenox, also offer French, which includes the website, as well as customer service.

English Spanish French
FTMO
TFF
The 5ers
Bulenox
Fidelcrest
Blue Guardian

Does The IIROC Oversee Prop Trading Companies In Canada?

The Investment Industry Regulatory Organization of Canada, or IIROC, upholds little to no regulations for the prop trading industry.

Generally, prop trading is subject to lax regulations around the world, and major regulatory bodies require basic KYC and AML policies prop trading firms need to adhere to.

Otherwise, there are little to no limitations on offered instruments and funding availability.

It must be noted that most prop trading firms are not headquartered in Canada and instead choose jurisdictions where the broader financial markets and trading are subject to less regulatory oversight.

FAQ On The Best Prop Trading Firms In Canada

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