Canadian Investment Regulatory Organization (CIRO)

Jurisdiction

Canadian Investment Regulatory Organization is the financial regulator of Canada, established in 2023. Its licence applies to the broker entity registered there and to the clients that entity serves.

Role

Self-regulatory organisation for Canadian investment dealers, formed from IIROC and the MFDA.

Segregated client money, negative balance protection and a compensation scheme or its equivalent.

Licence verification

Search the CIRO register by the firm's legal name or licence number, confirm the licence is current and covers dealing in forex or CFDs for retail clients, and compare the website listed with the one you are using.

CIRO website (opens in a new tab)

Client protections

Compensation: Canadian Investor Protection Fund, up to C$1,000,000.

Brokers regulated by CIRO

6 brokers in our database hold a CIRO licence through at least one entity. The licence applies to that entity only; check which one serves your country.

Plus500 8.9/10

Tier-one regulated FCA, ASIC, CySEC, FMA, FSCA, MAS, Seychelles FSA, DFSA, EFSA, SCB Bahamas, CIRO, ISA, JFSA, SCA, CFTC/NFA

ReviewVisit Plus500 (opens in a new tab)

CMC Markets 8.0/10

Tier-one regulated FCA, ASIC, BaFin, MAS, FMA New Zealand, CIRO Canada, DFSA

ReviewVisit CMC Markets (opens in a new tab)

FOREX.com 7.7/10

Tier-one regulated CFTC/NFA, FCA, ASIC, CIRO, CIMA, MAS, JFSA, CySEC

ReviewVisit FOREX.com (opens in a new tab)

Questrade 7.4/10

Tier-one regulated Canadian Investment Regulatory Organization

ReviewVisit Questrade (opens in a new tab)

Fortrade 7.3/10

Tier-one regulated FCA, ASIC, CySEC, CIRO Canada, Mauritius FSC, DFSA

ReviewVisit Fortrade (opens in a new tab)

OANDA 6.4/10

Tier-one regulated CFTC/NFA, FCA, ASIC, CIRO, MAS, JFSA, other regional regulators

ReviewVisit OANDA (opens in a new tab)

Regulatory facts are the authority's own published position at the last check. Verify any licence on the register before depositing.