Canadian Investment Regulatory Organization (CIRO)
The Canadian Investment Regulatory Organization (CIRO) is Canada’s national self-regulatory organization (SRO) for investment dealers and trading activity across equity and debt markets. Formed in 2023 through the consolidation of IIROC and the MFDA, CIRO plays a leading role in regulating leverage-based trading, including forex contracts, CFDs, and derivatives offered by Canadian firms.
The Canadian Investment Regulatory Organization (CIRO) provides strong oversight for forex brokers and investment dealers in Canada, ensuring high standards of conduct, capital adequacy, client protection, and platform integrity. For legal and secure forex trading, Canadian residents should use CIRO-regulated firms and verify licenses through the official register.
- Max leverage typically capped at 30:1 for major currency pairs
- Higher-risk products have lower leverage (e.g., 10:1 or less)
- Dealers must calculate margin in real time and enforce margin calls
- Regulates investment dealers offering margin forex, CFDs, and FX derivatives
- Sets capital, risk management, and client disclosure rules for forex products
- Supervises dealer platforms and trading conduct across Canada
- Collaborates with CSA and provincial authorities on enforcement
- Visit the CIRO AdvisorReport or CSA’s National Registration Search
- Enter the dealer name or firm registration number
- Confirm approval for forex/CFD activity and platform license
Country
Canada
Established
2023
Contact
1-877-442-4322
Complaint bodies
Canadian Investment Regulatory Organization (CIRO), Provincial regulators (e.g., OSC, AMF), Ombudsman for Banking Services and Investments (OBSI)
Hotline
1-877-442-4322
Complaint email
Last updated on: March 28, 2025
High Risk Warning : Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.