Best Canada Leverage Trading Exchange: 2025 Edition

Canada has emerged as a growing hub for cryptocurrency enthusiasts, with many traders seeking platforms that support leveraged trading. Leverage allows traders to amplify their market positions, offering the potential for higher returns but also increased risks. Choosing the right exchange is critical to ensure security, compliance with Canadian regulations, and access to essential trading tools.

In this guide, we explore the best Canada leverage trading exchanges, focusing on platforms that provide competitive fees, robust security measures, and diverse trading pairs. Whether you’re a seasoned trader or a newcomer, these exchanges offer the features you need to trade confidently and effectively.

Best Canadian Crypto Leverage Trading Platforms

#1. Bybit

 

Bybit stands as a prominent leverage trading exchange, garnering a user base that exceeds 2 million alongside a daily trading volume crossing the $10 billion mark. This platform specializes in cryptocurrency leverage trades, presenting an opportunity for you to engage in the markets with significant potency.

Main Features and Advantages:

• High Leverage: You can leverage your trades up to 100x, especially for leading cryptocurrencies like Bitcoin, Ethereum, XRP, and EOS.
• Cost Efficiency: Bybit is known for its low trading fees and competitive spreads which can benefit your trading cost structure.
• Market Performance: You’ll find that Bybit provides high liquidity and execution speeds, which are critical for seizing market opportunities.
• Trading Tools: The platform offers advance trading tools including a variety of order types such as limit, market, conditional, and trailing orders, complemented by vital features such as stop-loss and take-profit options, catering to strategic trade management.
• Accessibility: With a user-friendly interface, Bybit is accessible via web, mobile, and desktop platforms, ensuring a smooth trading experience regardless of your device.
• Security: When it comes to security, Bybit doesn’t take it lightly. The exchange implements rigorous measures which include cold storage for funds, SSL encryption to secure data, and multi-signature wallets to authorize transactions.
• Support: The support team at Bybit is available around the clock, providing assistance through live chat, email, and social media channels whenever you need it.

Drawbacks and Limitations:

• Crypto-Only Transactions: Bybit does not support fiat currency transactions. Deposits and withdrawals must be conducted using cryptocurrencies.
• Trade Options: The exchange offers perpetual and inverse futures contracts but does not feature spot trading or other derivative types.
• Geographical Restrictions: Certain regions, like the US and the UK, are restricted from accessing Bybit, so it’s essential to consider your location in relation to the platform’s service areas.

#2. BingX

 

BingX emerges as a fresh and innovative leverage trading platform that came into operation in 2023. This Canadian-based exchange has rapidly gained attention due to its distinctive blend of features tailored to meet the demands of leverage traders.

Key Features:

• High Leverage: You can access up to 150x leverage on major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash contracts. This high leverage allows you to amplify your trading capacity.
• Fee Structure: BingX stands out with zero trading fees. Interestingly, it features negative maker fees, rewarding you for placing limit orders.
• Low Margin Requirements: With the high leverage and low margin requisites, you can manage larger positions using less capital, thereby potentially increasing your returns.
• Fair Pricing and Risk Management: A dynamic funding rate and a robust liquidation engine work together to ensure pricing remains fair and transparent, while also carefully managing risk.
• User Experience: The interface is simple yet elegant, aiming to provide an intuitive and pleasing trading journey.
• Security and Compliance: The platform not only prioritizes security but also adheres to regulations set by the Canadian Securities Administrators (CSA) and is backed by external auditing.
• Support: You’re never alone in your trading activities as BingX extends a dedicated 24/7 customer service via multiple channels including phone, email, and chat.

Considerations:

However, BingX does encompass certain limitations:

• Limited Trading Instruments: The platform presently supports only four cryptocurrencies and offers just perpetual contracts.
• Lack of Educational Support: There’s a dearth of a demo account or educational material, which can be a stumbling block for novice traders.
• Platform Accessibility: BingX operates exclusively through a web-based platform, with no mobile or desktop applications currently available.

Despite these constraints, BingX could be a considerable option for your leverage trading needs, especially if you value high leverage capabilities and a user-friendly environment within a regulated framework.

#3. Phemex

 

Founded in 2019 by former executives and developers from Morgan Stanley, Phemex stands out as a competitive leverage trading platform for the Canadian market. Specializing in cryptocurrency derivatives, Phemex offers a sophisticated trading experience catering to both novices and experienced traders alike.

Main Features of Phemex:

• Leverage: Phemex provides up to 100x leverage on contracts for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Chainlink (LINK), and Tezos (XTZ).
• Fees: The platform boasts compellingly low fees, with maker fees at -0.025% and taker fees at 0.075%, presenting an opportunity for cost-effective trading.
• Performance: Capability to execute 300,000 transactions per second and accommodate up to 1 million users concurrently, reflecting a powerful system infrastructure.
• Trading tools: It includes a range of advanced features like sub-accounts, trading bots, conditional orders, and customizable risk limits, enhancing trading strategies and portfolio management.
• Interface: Phemex provides a user-friendly and customizable trading environment, accessible across multiple devices, ensuring a seamless trading experience.
• Security: The exchange prioritizes security with a zero-fee cold wallet system, a hierarchical deterministic wallet system, and a hardware security module to safeguard your assets.
• Support: A 24/7 customer support network through email, chat, and social media, to assist you at any time.

Drawbacks of Phemex:

• Phemex does not support fiat currency transactions; trading is limited to cryptocurrencies only.
• The exchange offers mainly perpetual and linear contracts, without spot trading options.
• Access is restricted in certain regions, including the US, China, and Singapore, which may affect users who are residents or citizens of these countries.

#4. Binance

 

Binance stands as the world’s largest cryptocurrency exchange, boasting a user base of over 15 million and a staggering daily trading volume surpassing $20 billion. This prominence isn’t accidental; Binance appeals to a global audience with its diverse offerings and features.

When you venture into leverage trading on Binance, you’ll find generous leverage options that reach up to 125x on major cryptocurrencies such as Bitcoin, Ethereum, and Binance’s own Binance Coin (BNB). With this kind of leverage, your trading strategies can amplify potential gains, but always remember that they also increase the risks of potential losses.

Key Features and Advantages:

• Leverage: Up to 125x for certain pairs.
• Fees: As low as 0.02% for makers and 0.04% for takers.
• Discounts: Up to 50% fee discounts when using BNB tokens.
• Liquidity: High liquidity with various trading pairs.
• Trading Tools: Range from limit to trailing orders.
• Platforms: Accessible via web, mobile, and desktop.
• Security: Includes a SAFU fund for user protection.

The platform is renowned for not just its trading opportunities but also for its secure and robust system architecture, which supports your trading journey. Binance operates with a defense strategy comprising a Secure Asset Fund for Users (SAFU) and a sophisticated multi-tier and multi-cluster system design. Furthermore, they maintain a responsive customer support team, ready to assist any day at any time.

Notable Drawbacks:

• Interface: Can be intricate for newcomers.
• Reliability: Potential for system overloads during peak times.
• Regulatory: Faces scrutiny in various jurisdictions, imposing limitations for certain users.

Remember, as you engage with the platform, you might encounter a steep learning curve due to its complex interface, and periods of high market activity could lead to system delays. Always keep abreast of regulatory changes that could impact your trading activities, as Binance navigates various legal landscapes, particularly in North America.

#5. Bitget

 

Established in 2018, Bitget has carved a niche for itself as a progressive leverage trading platform headquartered in Singapore. It caters primarily to your needs if you’re looking to engage with Bitcoin, Ethereum, Litecoin, and EOS contracts—with the added advantage of utilizing up to 100x leverage.

When considering trading costs, Bitget stands out with its low fees. You can expect competitive spreads that start at 0.04% for makers and 0.06% for takers. The platform’s performance is optimized for high speed and stability, capable of handling 100,000 transactions per second while maintaining 99.99% system availability.

Trading on Bitget is not just about leverage; the platform offers diverse tools including:

• Various order types: limit, market, plan, and iceberg
• Copy trading
• Dual currency investment
• Grid trading

Should you prefer trading on the go or from the comfort of a desktop environment, the platform’s user-friendly interface has got you covered across web, mobile, and desktop applications.

Bitget’s commitment to security and compliance is evident in its regulations by both the Monetary Authority of Singapore (MAS) and the Australian Transaction Reports and Analysis Centre (AUSTRAC). Furthermore, should you require assistance, Bitget has dedicated customer support available around the clock through chat, email, and phone.

However, Bitget does have some limitations you should be aware of:

• You cannot perform fiat currency deposits or withdrawals, as they only handle crypto transactions.
• The platform is focused solely on USDT-margined and coin-margined contracts.
• You’ll find a more limited selection with only four cryptocurrencies and perpetual contracts for leverage trading.

Even with these concerns, Bitget’s features and strengths present a compelling case for your consideration as a leverage trading platform in Canada.

#6. Kraken

 

Kraken, established in 2011, is one of the world’s oldest and most respected leverage trading platforms for US traders. With its US-based operations, Kraken serves as a reputable platform for traders in USA and around the globe.

Your journey in leverage trading on Kraken can extend up to a robust 50x leverage on popular cryptocurrencies such as Bitcoin, Ethereum, and XRP. You will find that the platform offers a favourable fee structure that benefits both makers and takers. The fees start as low as 0.02% for makers and 0.06% for takers, though these rates may change depending on leverage level and trade volume.

Kraken prides itself on high liquidity and volume, ensuring you have a varied selection of trading pairs and contract types at your disposal, including perpetuals, futures, and options.

The platform provides a suite of robust trading tools and analytics to cater to your strategy needs. You can access different order types such as limit, market, and stop orders. Furthermore, Kraken presents a sophisticated yet user-friendly interface, accessible via web, mobile, and desktop, facilitating trade execution and management.

It is also recognized for its security and regulation. Kraken has established a comprehensive security program, including a dedicated security team, and adheres to a global compliance framework, ensuring your trading is conducted on a secure platform.

However, you should be aware of certain limitations. For altcoin leverage, Kraken may offer lower leverage compared to its competitors. Some users find the platform’s interface to be rather intricate, which could pose a challenge if you are new to trading. Also, during times of market turbulence, you might experience system overloads and downtime.

For support, Kraken’s professional team is at your service 24/7 through chat, email, and phone. Whether you’re a seasoned trader or just starting, Kraken’s trading environment is designed to support your trading endeavors.

#7. DYDX

 

DYDX is a leading decentralized and non-custodial leverage trading platform for cryptocurrency enthusiasts like you. It’s designed on the Ethereum blockchain, utilizing smart contracts to provide a secure trading environment. The platform is renowned for its innovative approach to leverage trading and its alignment with the ideals of decentralized finance.

Main Features and Advantages:

• Leverage: You can access up to 25x leverage on Bitcoin, Ethereum, and DAI contracts.
• Fees: Enjoy the benefits of zero trading fees and low-interest rates.
• Liquidity and Efficiency: StarkWare’s layer-2 scaling solution alongside the 0x order book enhances both.
• Trading Tools: DYDX equips you with advanced tools like limit, market, stop, and trigger orders, as well as flexibility between cross-margin and isolated margin modes.
• Interface: The platform provides a seamless experience, accessible via web and mobile.
• Security and Transparency: With DYDX, your funds remain under your control, with all transactions verifiable on-chain.
• Community-Driven: The platform’s open-source nature and governance model encourage DYDX token holders to actively participate in its evolution.

Drawbacks and Limitations:

• Currency Support: You’re limited to crypto deposits and withdrawals as no fiat transactions are supported.
• Contract Types: The platform specializes in perpetual contracts without offering spot trading.
• Trading Pairs: Currently, the trading pairs available are few, focusing on major cryptocurrencies margined against USDC.

With DYDX, your trading is both efficient and empowered by the decentralized finance movement. While it excels in providing a robust leverage trading platform, consider if its features align with your needs, especially regarding the types of contracts and currency support.

#8. GMX

 

GMX stands as a community-owned leverage trading exchange that emerged in 2023, utilizing the Arbitrum layer-2 network to offer you a spanking novel trading experience. Tailored with an interface that accommodates both your desktop and mobile devices, GMX presents itself as not only user-friendly but also adaptable to modern trading habits.

Here are the prime features that could make GMX your exchange of choice:

• Leverage: You can engage with up to 30x leverage on an array of prime cryptocurrencies including Bitcoin and Ethereum.
• Fees and Rewards: Trade with the upside of negative fees while benefiting from lucrative rewards, which are paid out in the native GMX token.
• Technological Edge: Built on Arbitrum rollup technology, GMX ensures swift and cost-efficient transactions empowered by gasless meta-transactions.
• Trading Tools: Whether your style calls for limit, market, stop, or trailing orders, GMX caters to your demands. Enjoy freedom with options for both cross-margin and isolated margin trading.
• Secure and Autonomous: Navigate a platform that is not only secure and decentralized but also dismisses the need for KYC processes, account registration, or custody of funds.
• Ownership and Governance: As a GMX token holder, you embrace full voting rights and a slice of the exchange profits, cementing your stake within the community-owned governance framework.

However, it’s essential to consider certain limitations:

• GMX does not handle fiat currency transactions, necessitating a prior possession of crypto assets.
• It does not support spot trading or contracts other than perpetual.
• The exchange offers a limited assortment of tradable pairs and contracts, focusing on six significant cryptocurrencies, all USDC-margined.

By choosing GMX, you’re opting for an exchange that commits to both technological efficiency and rewarding trading experiences, while bearing in mind the specific scope of its service.

#9. Deribit

 

Deribit emerges as a specialized leverage trading platform, primarily focused on Bitcoin and Ethereum derivatives. Your trading experience on Deribit extends to futures and options, enabling a comprehensive leverage trading strategy.

Key Features of Deribit:

• Leverage: Access up to 100x leverage on Bitcoin futures and similar leverage on Ethereum contracts, intensifying your trading potential.
• Trading Fees: Benefit from competitive trading fees, starting as low as 0.02% for market makers and 0.05% for takers. These may vary depending on leverage levels and trading volumes.
• Liquidity and Volume: A wide variety of trading pairs and contract types like perpetuals, futures, and options ensure high liquidity and volume.
• Trading Tools: Deribit offers a suite of sophisticated trading resources, including various order types like limit, market, stop, and conditional orders, alongside advanced trading features such as margin and options strategies.
• Interface: Navigate through a user-friendly and versatile interface, designed for web, mobile, and desktop usage.
• Security and Reliability: Trade confidently with cold storage systems, real-time auditing, and comprehensive risk management in place.

Despite its strong offerings, you should be mindful of Deribit’s restrictions:

• Payment Options: The platform operates on a crypto-only basis, with no fiat deposits or withdrawals.
• Trading Options: Deribit’s focus remains limited to futures and options, without support for spot trading.
• Geographical Limitations: Certain regions including the US, Canada, and the UK may face restricted access to Deribit’s services.

Your experience with Deribit is supported by a 24/7 customer service, reachable through chat, email, and phone, ensuring a smooth trading journey.

#10. PrimeXBT

 

PrimeXBT is recognized as a multi-asset, award-winning leverage trading platform which caters to various markets. You have the ability to trade over 50 markets including cryptocurrencies such as Bitcoin and Ethereum, forex pairs, commodities like gold and oil, as well as stock indices.

Key Features of PrimeXBT:

• Leverage: Offers up to 100x leverage on major cryptocurrencies.
• Fees: Enjoy low trading fees starting from 0.05% across all markets.
• Liquidity: Provides high liquidity and instant order execution.
• Trading Tools: Access comprehensive tools including various order types and trading options.
• Interface: Utilizes a user-friendly, customizable interface for web, mobile, and desktop.
• Security: Remains secure and anonymous with no personal data collection.
• Innovations: Features unique additions like co-vesting and turbo modules.

While PrimeXBT boasts numerous advantages, there are certain limitations to be aware of:

• Crypto-only Transactions: All deposits and withdrawals are in cryptocurrency, with no fiat options.
• Derivatives Focus: The exchange limits its offerings to derivatives, not providing spot trading.
• Regulatory Aspects: Faces regulatory uncertainty which could affect access in certain regions such as the US and Canada.

In choosing PrimeXBT, you’ll engage with a platform that balances advanced trading tools and digital security, aimed at experienced traders seeking leverage options without fiat constraints.

Read More: Is Crypto Leverage Trading Halal or Haram?

Frequently Asked Questions

In this section, you’ll find direct answers to common inquiries about leverage and margin trading on cryptocurrency platforms in Canada. These FAQs are tailored to help you navigate the complexities and legalities of high-leverage trading.

Which platforms support cryptocurrency leverage trading in Canada?

Several online platforms allow you to trade cryptocurrencies on margin. Bybit and Zoomex are notable for their leverage options, user interface, and trading experiences.

What are the legalities surrounding leverage trading within Canada?

Leverage trading in Canada is regulated, and platforms offering these services must comply with securities regulations. Always verify that the exchange you choose is in good standing with Canadian regulatory authorities to ensure legal compliance.

What are the top exchanges offering high leverage for crypto trading in Canada?

Bybit is a recognized platform that allows for high leverage trading of up to 100x on cryptocurrencies. Zoomex is also mentioned for offering various contracts and competitive leverage options.

Is Kraken a popular choice for margin trading in Canada?

Kraken is considered a reputable and widely-used exchange for margin trading with a strong presence in Canada. It provides a secure platform to trade multiple cryptocurrencies with leverage.

How does one safely engage in leverage trading of cryptocurrencies in Canada?

To engage safely, start by choosing a credible exchange platform that adheres to Canadian regulations. Understand the risks, use leverage with caution, and consider risk management tools to protect your capital.

Are there any exchanges that offer exceptionally high leverage, like 1000x, for traders in Canada?

Exchanges offering extremely high leverage, such as 1000x, are not common and involve significant risks. It’s essential to conduct thorough research and approach such high leverages with extreme caution as they can lead to substantial financial losses.

Conclusion

When selecting a leveraged trading exchange in Canada, ensure you prioritize platforms regulated by Canadian authorities like CIRO. OANDA, FP Markets, and FOREX.com are notable for their comprehensive offerings and strong regulatory standing. For a platform with a depth of currency pairs, FOREX.com stands out.

CMC Markets is well-suited for new traders, offering an intuitive interface and educational resources. Additionally, Friedberg Direct, powered by AvaTrade, is recognized for consistent spreads, which can be a decisive factor when trading on margin.

WeBull has emerged as a robust platform for diversified leveraged trading, not just limited to forex but also stocks, ETFs, and cryptocurrencies. Remember to assess the fee structures and trading requirements of each broker, as these can significantly impact your trading results.

Your trading style and preferences should guide your choice. Whether you’re looking for an ECN Forex broker like FP Markets or a broker that allows all trading styles like 4XC, Canada offers a variety of reputable options.

Leverage ratio offerings vary significantly, with some brokers providing up to 1:500. Be aware that leverage amplifies both gains and losses. It’s critical to understand the risks involved and to trade responsibly.

Brokerage	Key Offering	Leverage	Regulation
OANDA	Best Overall	Moderate	CIRO
FP Markets	Best ECN Broker	Up to 1:500	CIRO
WeBull	Diversified Assets	Varies	Not Specified

Trade carefully, considering leverage implications and ensure a solid risk management strategy is in place. Your due diligence is the cornerstone of a successful leverage trading experience in Canada.