Interactive Brokers Canada: Global Trading Power, Tailored for Canadian Investors
Interactive Brokers Canada (IBKR Canada) offers investors premier access to global markets, low-cost asset trading, and a powerful suite of trading platforms — all backed by regulation under the Investment Industry Regulatory Organization of Canada (IIROC).
Whether you’re an experienced trader or a first-time investor looking to trade Canadian or U.S. equities, Interactive Brokers provides wide-reaching tools, competitive commissions, and a fully digital investing experience. With over 150 global markets and no minimum deposit, it’s easy to understand why IBKR continues to gain ground among cost-conscious investors across Canada.
All Canadian accounts are held under Interactive Brokers Canada Inc., a fully licensed and IIROC-regulated entity, and client assets are protected through CIPF (Canadian Investor Protection Fund) coverage.
Expert Reviewer Verdict
Interactive Brokers earns its reputation as one of the most robust trading platforms available to Canadian investors. With access to TSX, NASDAQ, NYSE, and dozens of international exchanges, alongside ultra-low fees and advanced order types via Trader Workstation, IBKR Canada suits investors who want more control and lower trading costs.
The account setup process is straightforward, the platform supports CAD funding, and there’s no minimum deposit required to get started. While beginners may need time to become familiar with the interface, Interactive Brokers offers considerable value for Canadians looking to invest globally from a regulated, secure, and scalable platform.
Pros and Cons
Pros
- 1,000,000+ Traded Assets
- $0 Minimum Deposit
- Proprietary Trading Platform
- Free Demo Account
- Multichannel Customer Support
Cons
- No MT4, MT5, or CTrader Platforms
- Limited Domestic Research Coverage on Canadian Stocks
Trust and Safety
Security and Regulation
Interactive Brokers stands out as one of the most trusted global brokerages — and for Canadian investors, the platform adds another layer of security through its fully licensed and regulated subsidiary: Interactive Brokers Canada Inc.
Regulation:
IBKR Canada is overseen by the Investment Industry Regulatory Organization of Canada (IIROC), which ensures the firm complies with strict national standards for disclosure, operational oversight, and client asset security. Additionally, IBKR is a member of the Canadian Investor Protection Fund (CIPF), which insures eligible accounts up to CAD $1 million in the event of firm insolvency.
Globally, IBKR is also regulated by top-tier financial authorities such as the Securities and Exchange Commission (SEC) in the United States and the Financial Conduct Authority (FCA) in the United Kingdom. These multi-jurisdictional licences reinforce its credibility as a stable and secure international brokerage.
Fraud Prevention:
Interactive Brokers employs advanced encryption and authentication protocols across all platforms. Clients benefit from:
- Two-factor authentication (2FA) for all logins
- Device authorisation and session-based security checks
- Bank-level SSL encryption on all data transfers
- Real-time alerts for account changes or irregular access patterns
Client Fund Security:
Client cash and securities are held in segregated accounts, separately from IBKR’s operational funds, in compliance with IIROC and CIPF requirements. This separation ensures your capital remains safe even in extreme scenarios, including broker failure.
|
Regulatory Body |
Status |
|
CBI |
Yes |
|
MNB |
Yes |
|
CIRO |
Yes |
|
SEC |
Yes |
|
CFTC |
Yes |
|
ASIC |
Yes |
|
CySEC |
No |
|
EFSA |
No |
|
FCA |
Yes |
|
FMA |
No |
|
FSA (SC) |
No |
|
FSCA |
No |
|
FSC |
No |
|
JFSA |
No |
|
MAS |
Yes |
|
MiFID |
Yes |
In Canada, IBKR clients benefit from local protection through IIROC regulation and CIPF-backed insurance. Globally, Interactive Brokers Group maintains compliance with leading financial regulators, reinforcing its position as a dependable, multinational brokerage for active and long-term investors alike.
Tradable Instruments
What You Can Trade with IBKR Canada
Interactive Brokers Canada offers one of the most extensive selections of financial instruments in the market — covering the Toronto Stock Exchange (TSX), major U.S. and European exchanges, and more than 150 markets across 33 countries.
Canadian IBKR clients can trade in a wide variety of asset classes using a single, integrated USD or CAD-funded account. Whether you’re focused on Canadian dividends, global ETFs, or multi-portfolio diversification — IBKR provides the access you need.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
No |
|
ETF |
Yes |
|
FUTURES |
Yes |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
Yes |
|
OPTIONS |
Yes |
Canadian Equities
IBKR provides access to all major Canadian exchanges, including TSX and TSX Venture. You can trade blue-chip stocks, Canadian ETFs, REITs, and mid-cap issuers, all using CAD or USD.
International Shares and ETFs
Trade global equities and ETFs across the U.S., UK, Germany, France, Japan, Hong Kong and more. IBKR supports thousands of international instruments — many with transparent, low-cost commissions and fractional share support.
Currency Trading (Forex)
Interactive Brokers offers professional-grade forex trading with interbank pricing and tight spreads (often down to 0.1 pips). Canadian clients can trade major currency pairs like USD/CAD, EUR/USD, GBP/JPY, and beyond.
Cryptocurrency Access
Eligible IBKR Canada clients can buy and sell cryptocurrencies via regulated custodians (Zero Hash LLC or Paxos). Assets include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
Note: Availability may vary by province based on licensing requirements. Cryptocurrency access is generally unavailable to Quebec residents at this time.
Bonds and Fixed Income
Access Canadian and international government bonds, U.S. Treasuries, corporate paper, and bond ladders, with real-time market pricing and transparency.
Important for Canadians
Product availability can depend on your province, account type, and whether you register as an individual, professional, trust, or institutional entity. Check your IBKR Client Portal for instrument access tailored to your region.
Account Types
Flexible, Localised Options for Canadian Investors
IBKR Canada offers a wide range of account types suitable for Canadian individuals, families, corporations, SMSFs (Self-Directed Pension Plans), and professional traders. Whether you’re a new investor or an experienced market participant, IBKR has scalable solutions to meet your needs.
Individual and Joint Accounts
These are the most common account types used by Canadian residents. Both support CAD or USD as base currencies and allow trading across global markets, including TSX-listed securities.
Corporate & Institutional Accounts
Canadian businesses and financial professionals can structure accounts in the name of a legal entity. IBKR provides advanced permission settings, sub-accounts, and multi-user administration tools.
Trust Accounts
Available for Canadian trusts, estates, or family entities. These accounts require additional documentation, but offer full access to IBKR’s investment tools and reporting.
Demo Account
New to IBKR? The free paper trading account lets you trial the platform using simulated funds before committing capital. This is ideal for learning tools like Trader Workstation or IBKR Mobile at your own pace.
Registered Accounts
While Interactive Brokers Canada allows Canadian residents to trade within the same tax framework as any other brokerage, IBKR does not currently support designated TFSA, RRSP, or RRIF registered accounts as account types. However, you can still track capital gains/losses easily through IBKR’s tax reporting tools to assist with self-reporting.
Required for Canadian Clients
- Canadian residential address
- Valid SIN (Social Insurance Number) for tax compliance
- Canadian government-issued photo ID
- Proof of address (utility bill, bank statement, or similar)
Most accounts can be opened and verified within 24 to 48 hours if all documentation is prepared and submitted correctly.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
Yes |
Commission and Fees
Transparent Pricing for Canadian Traders
Interactive Brokers Canada is well known for its low-cost, transparent commission model. Whether you trade Canadian stocks, U.S. equities, options, or currency pairs, IBKR offers some of the most competitive fees on the market.
There are no monthly account maintenance fees and no inactivity charges for individual accounts, making IBKR ideal for cost-conscious traders.
Account Minimum
There’s no minimum deposit required to open an account with IBKR Canada. You can start with as little or as much as you’re comfortable investing.
Canadian Stocks – TSX & TSX Venture
- Commission starts at CAD $0.01 per share
- Minimum of CAD $1.00 per trade
- Tiered pricing available for high-volume traders
- Discounts apply when trading large blocks
U.S. & International Equities
- USD $0.005 per share
- Minimum commission: USD $1.00
- Access to over 150 exchanges worldwide
- IBKR SmartRouting improves fill prices
Forex (FX)
- Spreads as low as 0.1 pip
- Commissions start from 0.20 basis points per trade value
- Ideal for CAD to USD conversions for cross-border investing
- Institutional-grade execution with narrow spreads
Options and Futures
- Canadian options: CAD $1.25 per contract
- U.S. options: from USD $0.65 per contract
- Futures: low per-contract fees depending on the exchange (e.g. MX, CBOE, CME)
Crypto Trading (Availability Varies)
- No spreads added — IBKR charges a transparent commission
- 0.18% of trade value (minimum USD $1.75)
- Additional fees may apply through custodians Paxos or Zero Hash
- Not currently available to residents of Quebec (subject to regional regulation)
Withdrawal and Funding
- 1 free withdrawal per month (CAD or USD)
- Additional withdrawals: CAD $1.00–CAD $2.00 depending on method
- No fees for incoming deposits via EFT or wire
- Currency conversion fees apply when trading assets in a different base currency
📌 Estimated Cost Comparison
|
Product |
Typical Canadian Broker |
IBKR Canada |
|
TSX Stock Trade |
CAD $6.95 – $9.95 per trade |
From CAD $1.00 |
|
U.S. Stock Trade |
USD $6.99 – $9.99 per trade |
From USD $1.00 |
|
FX Conversion (CAD–USD) |
1.5% bank markup |
0.20 bps (approx. 0.002%) |
|
Options (per contract) |
CAD $1.50 – $2.00 |
CAD $1.25 or less |
Disclaimer: The rates and fees presented here are representative estimates based on publicly available data.. Actual fees may vary depending on your account type, trading volume, exchange access, or currency. Please refer to the official Interactive Brokers Canada website for the most current pricing details and full fee schedules.
Trading Platforms
Comprehensive Solutions for Diverse Traders
Desktop, Mobile, and Web Access
Interactive Brokers Canada gives investors access to one of the most comprehensive and professional-grade platform lineups available. From advanced analytics on desktop to fast, accessible mobile apps, IBKR supports a wide spectrum of trading styles — all with support for global assets and Canadian market access.
Trader Workstation (TWS) — Advanced Desktop Platform
IBKR’s flagship desktop platform is ideal for active and professional traders. TWS delivers institutional-grade tools including:
- Real-time charting with 100+ technical indicators
- Advanced order routing and SmartRouting engine
- Multi-leg option strategies builder
- Market scanners, algo trading support and custom alerts
- Direct access to TSX, NASDAQ, NYSE, and international markets
Beginners may face a learning curve, but Trader Workstation is extremely powerful once mastered, particularly for technical traders and portfolio managers.
IBKR Web Portal — Browser-Based Dashboard
The IBKR Client Portal is a simple, clean interface for casual traders and everyday investors. All major features are available via any modern browser, including:
- Quick trading tickets
- Portfolio holdings and performance tracking
- Account funding, transaction history and reporting tools
- Watchlists, news, and basic research
- Tax and year-end statements downloadable in PDF and CSV formats
IBKR Mobile — Trade Anywhere
The IBKR Mobile app, available for iOS and Android, is highly rated and offers many of the same features as the desktop interface. Key features include:
- Live price quotes and smart order execution
- Charting with overlays and indicators
- Biometric login and 2FA security
- Customised push notifications for trade fills, alerts and price triggers
- Access to TSX and global securities
IBKR GlobalTrader — Mobile-First Investing
For those newer to investing or primarily trading global stocks, IBKR GlobalTrader provides a simplified mobile interface optimised for ease-of-use. Perfect for investors who want basic features like one-click trade execution, currency conversion, and minimal distractions.
Built with Canadian Users in Mind
- Supports CAD base currency and displays prices in CAD or native currencies
- Seamless access to TSX, TSXV, and interlisted Canadian stocks on U.S. exchanges
- Bilingual interface (English and French) for users nationwide
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Standout Tools That Set IBKR Apart
Interactive Brokers Canada offers far more than just low fees and global market access — its platform is packed with advanced tools and innovative features designed to help investors build, manage, and optimise their portfolios.
Extended-Hours U.S. Trading (24/5 Access)
Trade over 10,000 U.S. stocks and ETFs nearly 24 hours a day, five days a week — including outside regular North American market hours. Perfect for Canadian investors who want to respond to after-hours earnings or global news overnight.
Discover Tool (Built-In Investment Screener)
Discover helps identify trade and investment opportunities using filters like sector, region, technical signals, fundamentals, and momentum. It’s available directly in the IBKR Client Portal and Trader Workstation.
Fractional Shares (For Canadian and Global Stocks)
IBKR allows clients to invest in fractional shares of eligible U.S., Canadian, and European stocks and ETFs. This means you can buy just $10 worth of a high-priced stock — ideal for gradual portfolio building and dollar-cost averaging.
Earn Interest on Idle Cash
Clients with Net Asset Value (NAV) over USD $100,000 (or CAD equivalent) can earn up to 4.83% interest on idle balances. Even smaller account holders receive proportional interest above the USD $10,000 threshold. Interest is paid monthly.
PortfolioAnalyst (Advanced Portfolio Intelligence)
A fully integrated tool that allows users to track performance, compare against benchmarks, and consolidate accounts (including external ones) in one place. Strong reporting support available at tax time for Canadian clients.
Recurring Investments
Set up scheduled purchases for stocks or ETFs on a daily, weekly, monthly, or custom basis. This recurring investing feature supports low-maintenance portfolio growth and integrates easily with CAD/USD cash balances.
Securities Lending Dashboard
See which securities in your portfolio are currently in demand for lending, and what rates are being paid — great for generating passive returns on long-term holdings.
🍁 Canadian-Specific Notes
- Fractional share trading includes select TSX-listed ETFs traded on U.S. exchanges
- Interest paid monthly on idle CAD balances, same as USD
- Some tools, including options orders and research reports, adjust to Canadian account rules and commissions
For further details, users can explore the Interactive Brokers website.
Research and Education
Helping Canadian Traders Make Informed Decisions
IBKR Canada combines powerful in-platform research with one of the industry’s most comprehensive learning resources: the IBKR Campus. Whether you’re a hands-on investor or someone still learning the basics, you’ll have access to high-quality research tools and educational content — all at no added cost.
IBKR Campus — Learn While You Trade
IBKR Campus is a dedicated learning hub that caters to every experience level. Available to all Canadian clients, it includes:
- Self-paced financial courses and investment basics
- Interactive quizzes, infographics and milestone progress
- Live and recorded webinars with market experts
- A Traders’ Glossary with 250+ financial terms explained
- Guest insights from academic partners and IBKR professionals
- A Student Trading Lab, ideal for schools and university-level learning
Real-Time Research and Market News
IBKR integrates institutional-level data from respected third-party providers, available directly within Trader Workstation, Client Portal, and the mobile app.
Research contributors include:
- Morningstar
- Zacks Investment Research
- Reuters
- Dow Jones
- Trading Central
- Refinitiv
You can access market news, analyst upgrades, earnings transcripts, and research ratings with just a few clicks.
Quantitative & Fundamental Tools
From in-depth company profiles to multi-year financial statements and consensus analyst ratings, IBKR supports both technical and value-based investing strategies.
- Fundamentals Explorer offers balance sheets, P/E ratios, earnings data and more — updated in real time
- Custom screeners and filters available for equities, ETFs, and options across global markets
Support for Canadian Compliance & Tax
IBKR’s education and support centre includes documents and walkthroughs on tax reporting standards for Canadian residents. These can help you prepare for T5008, capital gains/loss calculations, and currency-adjusted values in CAD.
Customer Support
Efficient and Diverse
Interactive Brokers Canada offers a broad range of customer support channels, ensuring users can get assistance when they need it. Whether you’re checking on a trade, verifying a deposit, or learning how to fund your account in CAD, help is available through multiple digital touchpoints.
Live Chat and Secure Messages
IBKR offers live chat support through the secure Client Portal, available during extended hours to align with global market activity. For most common queries — such as account access, deposit status, or trade errors — support replies are generally fast and helpful.
Secure Message Centre
Clients can submit service tickets for detailed questions — including tax forms, account verification, and product access — via the encrypted messaging area in the dashboard. You’ll receive a response directly in your portal inbox.
Phone Support
While there is currently no local Canadian call centre, clients can reach IBKR via its global support lines:
- Toll-Free: 1 (877) 442-2757 (North America)
- Direct Line: +1 (203) 618-7791 (Global)
Support is available in English and French.
Support Availability (ET Time)
- Monday – Friday: 8:00 AM to 8:00 PM Eastern
- Limited emergency coverage available outside these hours
- System alerts and platform maintenance are posted online in real time
Additional Help Resources
- FAQ Centre covering platform functions, tax reporting (T5008), account setup
- Video walkthroughs inside IBKR Campus
- Self-service tools for password resets, transfer tracking, and platform status
Although IBKR does not have a Canadian-based customer service centre, the quality of virtual support and documentation is consistent and well-rated. Time zone alignment with major exchanges (TSX, NYSE, NASDAQ) ensures that most service needs can be met without delay..
Account Opening
Comprehensive and Secure
Opening an account with Interactive Brokers Canada is a fully online, secure process that typically takes 1 to 2 business days — provided all required identification and address verification documents are submitted correctly.
✔️ No Minimum Deposit
You can open and fund your Canadian IBKR account with any amount, making it ideal for new investors or those starting with a small balance.
Step 1: Registration
Begin by visiting ibkr.ca or the official Interactive Brokers website. You’ll need to:
- Create a login (username and password)
- Select your account type (Individual, Joint, Trust, Corporate)
- Choose a base currency — CAD or USD
Step 2: Provide Personal Information
You will be asked to enter essential details, including:
- Full legal name and residential address
- Employment and financial background
- Investment objectives and experience level
- Your Social Insurance Number (SIN)
Step 3: Verify Your Identity
To comply with IIROC and FINTRAC regulations, you must upload two valid documents:
- Government-issued photo ID (e.g. Canadian passport, driver’s licence)
- Proof of address (e.g. utility bill, bank statement dated within 3 months)
Step 4: Submit and Wait for Approval
Once documents are uploaded and reviewed, initial approval is usually completed within 24 to 48 business hours. You’ll receive confirmation by email and through the IBKR portal once your account is ready to fund.
Step 5: Fund Your Account
You can fund your Interactive Brokers Canada account in CAD or USD via:
- Wire transfer (from a Canadian bank)
- Electronic Funds Transfer (EFT)
- Online bill payment
- Currency conversion via IBKR if depositing in CAD but investing in USD assets
Security Features
Your account is protected with two-factor authentication (IBKR Security App or SMS) as well as secure login protocols. All personal data is encrypted in transit and stored under Canadian and international security standards.
Important Note for Canadian Users
If you’re planning to convert CAD to USD to invest in U.S. securities, IBKR’s Forex platform allows you to do it at interbank rates with no hidden spreads — often far cheaper than your bank.
Deposit and Withdrawals
Efficient and Versatile
Interactive Brokers Canada supports both CAD and USD deposits from Canadian bank accounts and offers convenient, low-cost funding and withdrawal methods. Whether you fund with a wire transfer or EFT, IBKR ensures secure, encrypted processing with helpful tracking tools via the Client Portal.
Depositing Funds into Your IBKR Canada Account
You can fund your account in Canadian dollars (CAD) or U.S. dollars (USD). Available deposit methods include:
- Wire Transfer (CAD or USD from most major Canadian banks)
- Electronic Funds Transfer (EFT) — easy setup directly through online banking
- Online Bill Payment — add “Interactive Brokers Canada” as a bill payee
- Currency Conversion — fund in CAD and convert to USD inside the platform
IBKR does not charge deposit fees, but your bank may apply service charges or wire fees depending on the method used. Funds typically arrive in 1–2 business days for EFTs and same-day or next-day for wire transfers.
Currency Conversion (CAD to USD)
You can easily convert Canadian dollars to U.S. dollars within your IBKR account using the Forex trading tool or the built-in currency conversion widget. Conversions are executed at interbank rates, saving you up to 90% compared to traditional bank exchange rates.
Withdrawals
Clients receive one free withdrawal per calendar month regardless of currency. Additional withdrawals may incur a small processing fee:
- CAD EFT Withdrawal: Free (first per month), CAD $1 – $2 thereafter
- Wire Transfer Withdrawal (CAD or USD): ~CAD $10 for extra withdrawals
- Bank must be in your name and verified before withdrawals can be processed
Withdrawals typically reach Canadian bank accounts in 1–3 business days, depending on the method selected and bank processing times.
Key Notes for Canadians
- Always use your IBKR-issued transaction reference number during transfers
- CAD must be converted before international (USD) withdrawals
- Withdrawing to a U.S.-based account may incur additional cross-border fees — check with your bank
- All transfers are protected by industry-standard encryption and account matching
Final Thoughts
Is Interactive Brokers Canada Right for You?
Interactive Brokers Canada offers an exceptional combination of affordability, global market access, and professional-grade tools — all backed by strong local regulation through IIROC and CIPF membership.
Whether you’re trading TSX-listed stocks, looking to diversify into U.S. markets, or optimising currency conversion with low FX fees, IBKR delivers serious value to Canadian investors. It suits both experienced traders and committed beginners willing to learn the platform.
While IBKR does not currently support direct TFSA or RRSP accounts, it’s one of the best choices in Canada for taxable investing thanks to its low commissions, fractional shares, CAD support, and transparent fee model.
If you’re seeking a powerful, internationally recognised platform with advanced tools, low pricing, and no minimum deposit — Interactive Brokers Canada is absolutely worth considering.
Contact Info
1800 McGill College Avenue, Suite 2106, Montreal (Quebec) H3A 3J6, Canada
FAQs
-
Question: Is Interactive Brokers available in Canada?
Answer: Yes. Interactive Brokers operates in Canada as Interactive Brokers Canada Inc., which is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). The platform supports Canadian clients for both CAD and USD-denominated trading. -
Question: Is my money safe with Interactive Brokers Canada?
Answer: Yes. IBKR Canada is IIROC-regulated and a CIPF member. This means eligible accounts are protected for up to CAD $1 million in cash and securities in the unlikely event of brokerage insolvency. Funds are held in segregated accounts in accordance with Canadian financial laws. -
Question: What account types can I open with IBKR Canada?
Answer: Canadian investors can open Individual, Joint, Corporate, Trust, and Margin accounts. TFSA, RRSP, and RRIF registered accounts are not currently supported as standalone IBKR account types, but you can trade in taxable accounts and manage your gains/losses for personal reporting. -
Question: Does Interactive Brokers Canada support funding in CAD?
Answer: Yes. You can fund your IBKR account using CAD through wire transfers, EFT (Electronic Funds Transfer), bill payments, or convert CAD to USD within the platform using IBKR’s competitive FX tools. -
Question: What fees does Interactive Brokers Canada charge?
Answer: IBKR Canada offers low commissions starting from CAD $1.00 per TSX trade and USD $1.00 per U.S. trade. One free withdrawal is allowed per month, and no inactivity or maintenance fees apply to standard accounts. -
Question: Can I convert currency (CAD to USD) inside my IBKR account?
Answer: Yes. Canadian clients can perform currency conversions using IBKR’s forex trading tool or currency converter widget. Rates are close to interbank pricing with ultra-low spreads, far cheaper than typical bank FX rates. -
Question: Can I trade cryptocurrency with IBKR Canada?
Answer: Cryptocurrency trading is available through IBKR’s partnership with regulated custodians such as Paxos and Zero Hash. Availability may vary by province. As of writing, Quebec residents do not have access to IBKR’s crypto products. -
Question: Is there a mobile app for Canadian users?
Answer: Yes. IBKR Mobile and IBKR GlobalTrader are both available to Canadian investors on iOS and Android. These apps allow you to trade stocks, ETFs, options, and currency — with support for TSX-listed securities and CAD accounts. -
Question: How long does it take to open an account with IBKR in Canada?
Answer: Most Canadian accounts are verified within 24 to 48 hours after documents are submitted, assuming there are no errors. You’ll need to provide a government-issued photo ID, proof of residency, your SIN, and basic financial background. -
Question: Can I practice before trading real money?
Answer: Yes. IBKR offers a free paper trading (demo) account that lets Canadian users simulate trades in real market conditions using virtual funds. This is a great way to learn the platform or test strategies risk-free.
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