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What is IIROC regulation in Canada?

The Investment Industry Regulatory Organization of Canada (IIROC) supervises investment dealers and forex brokers. IIROC requires firms to maintain strong capital, segregate client funds, and participate in the Canadian Investor Protection Fund (CIPF), which covers deposits up to CAD $1 million in case of insolvency. Leverage is capped for retail clients, often at 1:30, aligning with global standards. IIROC brokers are considered safe and trustworthy, though trading conditions are conservative. Verification of IIROC membership can be done via the official IIROC website.