Interac e-Transfer is a trusted Canadian payment solution that allows traders to move funds securely and quickly between their bank and brokerage accounts – without needing wire transfers, credit cards, or third-party wallets.
It’s an excellent payment method for Canadian day traders thanks to its fast settlement times, low to zero transaction fees, and bank-level security.
Explore DayTrading.com’s expert-compiled list of the best brokers that support Interac e-Transfer deposits.
Best Interac Brokers For 2026
After our hands-on tests, these are the 4 top-rated trading platforms accepting Interac e-Transfer deposits:
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- Demo account
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
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- Demo account
- Instruments: Stocks, ETFs, Options, Pink Sheets, Warrants
- Regulator: SEC, FINRA, CIRO, AFM, SCB
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- Demo account
- Regulator: ASIC, VFSC
- Platforms: MT4, MT5, TradingView, AutoChartist
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- Demo account
- Regulator: VFSC
- Platforms: MT4, MT5
Learn how we test brokers and why you can trust our ratings.
Why Are These The Top Brokers That Support Interac Deposits?
Here is why we think these are the top Interac brokers:
- Fusion Markets is the best broker accepting Interac deposits and withdrawals in Cape Verde in 2026 4.6/5 Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
- TradeZero 3.8/5 TradeZero is a stock and ETF broker established in the Bahamas in 2015. Though the global entity is regulated offshore, the US subsidiary is overseen by FINRA with SIPC registration. The powerful proprietary trading software makes it a popular choice for active day traders.
- Global Prime 3.8/5 Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with no minimum deposit and trade with leverage that varies depending on your region. The firm also has a high trust score and a good reputation with a license from the ASIC.
- Switch Markets 4.2/5 Switch Markets is a multi-asset CFD brokerage. The brand offers trading on the MT4 and MT5 platforms, thousands of instruments, with additional tools including copy trading services and premium VPS hosting.
Compare The Best Interac Trading Providers On Key Attributes
Use our side-by-side comparison of key features that are important to traders looking to move funds with Interac:
| Broker | Minimum Deposit | Instruments | Platforms | Leverage | Regulators |
|---|---|---|---|---|---|
| Fusion Markets | $0 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, cTrader, TradingView, DupliTrade | 1:500 | ASIC, VFSC, FSA |
| TradeZero | $2,500 (US), $500 (International), $250 (Europe) | Stocks, ETFs, Options, Pink Sheets, Warrants | TZ1, ZeroPro, ZeroFree, ZeroMobile, TradingView | 1:2 (U.S), 1:6 intraday/1:2 overnight (International), 1:3 (Europe) | SEC, FINRA, CIRO, AFM, SCB |
| Global Prime | $0 | Forex, indices, commodities, cryptocurrencies, shares, bonds | MT4, MT5, TradingView, AutoChartist | 1:500 (global), 1:30 (Australia) | ASIC, VFSC |
| Switch Markets | $50 | Forex, Commodities, Indices, ETFs, Shares, Crypto | MT4, MT5 | 1:30 (EU), 1:1000 (Global) | VFSC |
How Safe Are These Interac Brokers?
See how the top Interac brokerages protect your funds:
| Broker | Trust Rating | Guaranteed Stop Loss | Negative Balance Protection | Segregated Accounts |
|---|---|---|---|---|
| Fusion Markets | ✘No | ✔Yes | ✔Yes | |
| TradeZero | ✘No | ✘No | ✔Yes | |
| Global Prime | ✘No | ✔Yes | ✘No | |
| Switch Markets | ✘No | ✔Yes | ✔Yes |
Mobile Trading Comparison
See how good these brokers accepting Interac e-Transfer are for trading on mobile after our app tests:
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| Fusion Markets | iOS & Android | ✘No | ||
| TradeZero | iOS & Android | ✘No | ||
| Global Prime | iOS & Android | ✘No | ||
| Switch Markets | iOS & Android | ✘No |
Are The Top Brokers With Interac Deposits Suitable For Beginners?
Beginners should use brokers that allow trading with virtual money alongside other key features:
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Education Rating | Support Rating |
|---|---|---|---|---|---|
| Fusion Markets | ✔Yes | $0 | 0.01 Lots | ||
| TradeZero | ✔Yes | $2,500 (US), $500 (International), $250 (Europe) | $1 | ||
| Global Prime | ✔Yes | $0 | 0.01 Lots | ||
| Switch Markets | ✔Yes | $50 | 0.01 Lots |
Are The Top Brokers With Interac Deposits Suitable For Advanced Traders?
See how these top-rated Interac brokers support experienced traders:
| Broker | Automated Trading | VPS | AI | Pro Account | Leverage | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Fusion Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔Yes | ✘No | ✘No | 1:500 | ✔Yes | ✘No |
| TradeZero | TradeZero Developer | ✘No | ✘No | ✘No | 1:2 (U.S), 1:6 intraday/1:2 overnight (International), 1:3 (Europe) | ✔Yes | ✔Yes |
| Global Prime | ✔Yes | ✔Yes | ✔Yes | ✘No | 1:500 (global), 1:30 (Australia) | ✔Yes | ✘No |
| Switch Markets | Expert Advisors (EAs) on MetaTrader | ✔Yes | ✔Yes | ✘No | 1:30 (EU), 1:1000 (Global) | ✘No | ✘No |
Compare The Ratings Of Top Interac e-Transfer Brokers
Discover how the top Interac brokers stack up in core areas from our expert ratings:
| Broker | Trust | Platforms | Assets | Mobile | Fees | Accounts | Research | Education | Support |
|---|---|---|---|---|---|---|---|---|---|
| Fusion Markets | |||||||||
| TradeZero | |||||||||
| Global Prime | |||||||||
| Switch Markets |
Compare Trading Fees
The cost of making a deposit to your trading account with Interac may be low, but trading fees add up so here's how the top providers measure up on pricing:
| Broker | Cost Rating | Fixed Spreads | Inactivity Fee |
|---|---|---|---|
| Fusion Markets | ✘No | $0 | |
| TradeZero | ✘No | $0 | |
| Global Prime | ✘No | - | |
| Switch Markets | ✘No | $0 |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Fusion Markets | 10249 | ||||
| TradeZero | 3094 | ||||
| Global Prime | 560 | ||||
| Switch Markets | - | 962 |
How Popular Are These Interac Trading Providers?
Many traders prefer the most popular brokers with Interac deposits, i.e those with the most users:
Why Choose Fusion Markets For Interac e-Transfer Deposits?
Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
Jemma Grist, Reviewer
Fusion Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- ASIC, VFSC, FSA
- Platforms
- MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
- Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
- The market analysis features, Market Buzz and Analyst Views, are great tools for discovering opportunities and conveniently integrated into the client dashboard.
Cons
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
- The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
- While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US.
Why Choose TradeZero For Interac e-Transfer Deposits?
TradeZero is best for experienced stock day traders, especially those trading momentum in small-caps or those chasing opportunities in pre- and after-hours sessions. It also suits short sellers needing hard-to-borrow locates and active options traders thanks to its direct routing tools and Level 2 data, though these typically require a paid platform subscription (ZeroPro or ZeroWeb).
James Barra, Reviewer
TradeZero quick facts
- Demo Account
- ✔Yes
- Instruments
- Stocks, ETFs, Options, Pink Sheets, Warrants
- Regulator
- SEC, FINRA, CIRO, AFM, SCB
- Platforms
- TZ1, ZeroPro, ZeroFree, ZeroMobile, TradingView
- Minimum Deposit
- $2,500 (US), $500 (International), $250 (Europe)
- Minimum Trade
- $1
- Account Currencies
- USD
Pros
- Across 50+ hours of tests on TZ1, ZeroPro, ZeroFree and ZeroMobile, including making 50+ chart setting changes, we found more than enough technical analysis tools for serious intraday traders.
- TradeZero Europe is bolstering its regional footprint and local trading services by now accepting clients in Belgium, Luxembourg, Norway, and Denmark.
- TradeZero’s short-selling setup is one of the strongest we’ve tested, with pre-borrows, single-use locates, regular locates, and credit back on eligible unused locates - providing access to an inventory many legacy brokers simply don't.
Cons
- It doesn't use a true 'no commission' model - free trading really applies to non-marketable limit orders of 200+ shares above $1, while marketable orders, OTC names, options, locates, borrow and data still add up fast. It charges a $0.99 flat fee on trades under 200 shares.
- TradeZero is not suitable for traders seeking to build multi-asset portfolios, with no forex, no futures, no funds, no copy trading, and no modern funding options.
- Shorting costs can escalate quickly because locate fees are variable, overnight borrowing is market-based (and higher than some brokers), and odd-lot shorts are rounded up to the nearest 100 shares for borrow charging.
Why Choose Global Prime For Interac e-Transfer Deposits?
Global Prime is suitable for both beginners and seasoned traders with excellent market access, low fees and a range of tools including copy trading.
Tobias Robinson, Reviewer
Global Prime quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, indices, commodities, cryptocurrencies, shares, bonds
- Regulator
- ASIC, VFSC
- Platforms
- MT4, MT5, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, SGD
Pros
- Low latency with execution speeds from 10ms
- Centralized access to the interbank funding market added with increased liquidity distribution via Gold-i Matrix Net, aiding with fast trades
- Swap fees have been reduced by over 50% through a partnership with BidFX
Cons
- Narrow range of account options
- Clients from US and some Canadian provinces like Ontario are not accepted
Why Choose Switch Markets For Interac e-Transfer Deposits?
Switch Markets is a good option for active traders familiar with MetaTrader and looking for resources to inform trading decisions and strategies with coaching, market analysis, and a huge suite of 20+ trading calculators and tools. Its algo trading infrastructure is also excellent, including a free premium VPS.
William Berg, Reviewer
Switch Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, Commodities, Indices, ETFs, Shares, Crypto
- Regulator
- VFSC
- Platforms
- MT4, MT5
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, CHF
Pros
- Traders can access copy trading solutions via the MetaTrader Trading Signals tools and duplicate positions of experienced traders in real-time.
- Switch Markets has improved its offering with more instruments, a simpler account structure, and robust infrastructure for algo traders, including a premium VPS that's free for qualifying traders.
- Switch Markets has bundled four tools at no charge for clients maintaining a $50 balance: a VPS, AlgoBuilder AI with natural-language prompts, Trackatrader for advanced analytics, and PineConnector.
Cons
- Despite improvements, spreads are still not the most competitive for Standard account holders based on our analysis, averaging around 1.5 pips on EUR/USD.
- Switch Markets' regulatory credentials have worsened since its ASIC coverage, via its operations as a Corporate Appointed Representative (CAR) under OneRoyal, lapsed in 2024.
- There's no proprietary software or app, making it primarily a MetaTrader-only broker, though the addition of the PineConnector bridge allows traders to execute trades directly from TradingView charts.
How Did We Choose The Top Interac Trading Brokers?
To identify the top Interac e-Transfer brokers, we:
- Filtered our database of 143 trading platforms to find those supporting Interac e-Transfer
- Confirmed deposit and withdrawal functionality via Interac with each broker directly
- Evaluated each platform using over 200 criteria, including speed, cost, and trading tools
- Prioritized platforms registered with top-tier regulators like the CIRO in Canada
What To Look For In An Interac Broker
Choosing a brokerage with Interac deposits is ultimately a personal decision. Still, drawing on our years of robustly testing forex and CFD brokers, we believe active traders should prioritize the following:
Trust
Interac is backed by Canada’s largest banks and follows rules for clearing and settlement laid down by Payments Canada, making it one of the most secure payment systems globally.
Its fraud detection system is robust, using email and SMS-based authentication, bank-grade encryption, and real-time alerts.
We only recommend brokers with strong regulatory oversight and transparent operations. The best Interac brokers, such as QTrade, are also members of the Canadian Investor Protection Fund (CIPF) or equivalent, offering peace of mind.
Markets
Day traders using Interac should seek brokers with access to a broad range of markets for diverse trading opportunities, such as:
- Forex assets like USD/CAD
- Indices like the Canada Stock Market Index (TSX)
- Commodities like oil given that Canada is among the largest oil producers globally
- US and Canadian equities like shares in the Bank of Montreal, which is listed on the Toronto Stock Exchange
Tools
The best Interac brokers offer advanced trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView. Look for:
- Custom indicators
- Real-time news feeds
- Level II market depth
- One-click order execution
What Is Interac e-Transfer?
Interac e-Transfer is a peer-to-peer payment system developed in Canada that allows users to send money securely between personal and business bank accounts via email or phone number.
- Established: 1984 (Interac Corp)
- Regulated by: FINTRAC
- Used by: 300+ Canadian financial institutions
Most Canadian banks – including RBC, TD, BMO, Scotiabank, and CIBC – offer seamless Interac integration through their web and mobile banking platforms.
How Much Does It Cost To Fund My Trading Account With Interac?
Interac is known for its low fees:
- Sending Fee: Often $0–$1.50 CAD depending on the bank
- Receiving Fee: Typically free
- Broker Charges: Most top-tier brokers do not add extra Interac fees
How Fast Is Interac For Trading Deposits?
Interac e-Transfer is fast for deposits to trading accounts, typically processing within a few hours, while withdrawals may take 1–2 business days, depending on the broker’s verification process.
Auto-deposit also eliminates the need for password entry, while real-time notifications via SMS/email allow you to track transfers instantly.
Opting for a broker with a CAD account helps minimize conversion fees and ensures a quick and hassle-free trading experience for Canadians.
How To Deposit Using Interac
To deposit funds to your trading account with Interac, follow these simple steps:
- Log in to your trading account and go to the ‘Funding’ section
- Select Interac e-Transfer as your payment method
- Enter the broker’s recipient email and deposit amount
- Log into your online banking platform
- Complete the Interac e-Transfer to the broker’s details
- Wait for email confirmation from your bank and broker
Pros & Cons Of Using Interac For Trading
Pros
- Increasingly accepted by Canadian-regulated brokers with QTrade adding it in 2025
- No need to share credit card or banking details with brokers
- Low to zero fees for both deposits and withdrawals
- Fast transaction speeds – often under 30 minutes
- Backed by Canadian banks and highly secure
Cons
- Primarily available to traders with Canadian bank accounts
- Daily transfer limits may apply (usually $3,000 – $10,000 CAD)
- Not supported by all international brokers from our investigations
- Withdrawals can take longer if broker verification delays occur
Is Interac Good For Day Trading?
Yes – Interac e-Transfer is one of the best payment options for Canadian day traders.
Its speed, low cost, and excellent security features make it ideal for frequent trading strategies where fast capital movement is key. Combined with a responsive mobile app and bank-level integration, Interac ensures you stay in control of your funds at all times.
Get started by reviewing our top-rated Interac brokers.
FAQ
Is Interac Safe For Trading Deposits?
Yes. Interac is a Canadian payment network backed by major financial institutions and regulated under national financial laws. It uses 2FA, real-time monitoring, and bank-grade security protocols.
Can I Use Interac With International Brokers?
Interac is primarily supported by Canadian brokers from our research. However, a few international platforms with a Canadian presence may also accept it, one such top provider is Fusion Markets.
Article Sources
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