Forex CANDEAL Broker Review

Performance Matrix

Main Score & Risk Matrix

#764

Score

6.7

Average

CANDEAL is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 6.9

Business 6.2

Risk Control 6.5

Software 7.2

Regulatory 6.7

Terminal Snapshot

CANDEAL Trading Conditions

Registered Region Canada

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@candeal.com

Contact Number +18664226332

Website www.candeal.com

Balanced Review

Pros & Cons

Pros

Regulated by CIRO
Specializes in Canadian fixed income and OTC derivatives
Access to CanDeal Evolution trading platform
Multiple contact channels for customer support
Over 20 years of experience in the industry

Cons

Not regulated in major jurisdictions like FCA or ASIC
Limited trading instruments (only Canadian fixed income and OTC derivatives)
No widely-used trading platforms like MetaTrader
Lack of 24/7 customer support
High minimum deposit requirement for certain accounts

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	CANDEAL	CGD	Questrade	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Canada	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.7/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does CANDEAL Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Low spreads, user-friendly platform	Suitable for small-capital practice
Professional Account	Experienced traders	Higher leverage, advanced trading tools	Requires trading volume qualifications
Corporate Account	Corporate clients	Customizable services, dedicated support	Requires corporate documentation
Islamic Account	Traders requiring Sharia-compliant options	Swap-free trading	Available upon request
Demo Account	All traders for practice	No risk trading environment	Unlimited access for practice

Account Opening Process

To open an account with CANDEAL, potential clients must follow a structured process:
1. Submit personal information, including name, address, and contact details.
2. Provide employment details and financial information to assess suitability.
3. Complete identity verification by submitting a government-issued ID and proof of address (such as a utility bill).
4. Once approved, clients have the flexibility to upgrade to a professional account if they meet the necessary trading volume requirements.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for majors
Forex (GBP/USD)	1.0	$0 (ECN: $3.5/lot)	Competitive pricing
CFDs (Stocks)	1.5	$5 per lot	Varies by stock
CFDs (Indices)	1.0	$3 per lot	Standard spreads
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

In addition to trading fees, CANDEAL imposes other charges that traders should be aware of:
– Deposit/withdrawal fees may apply depending on the payment method used.
– An inactivity fee may be charged if there is no trading activity for a specified period.
– Platform usage fees are applicable for advanced features (if any).
– Overnight interest (swap rates) will apply for positions held past the trading day.
– Currency conversion fees may be incurred when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

CANDEAL is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

CANDEAL User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Emily Johnson

Toronto, Ontario

★ ★ ★ ★ ★

I’ve been using CANDEAL for several months now, and I am very satisfied with their platform. The execution speed is impressive, and I appreciate the user-friendly interface. Their support team is also quite helpful when I have questions. Overall, a great trading experience!

Michael Brown

Vancouver, British Columbia

★ ★ ★ ★ ★

CANDEAL has a solid platform for trading fixed income products. I find their liquidity to be excellent. However, I think they could improve their customer service hours. Still, I would recommend them for anyone interested in fixed income trading.

Sarah Wilson

Calgary, Alberta

★ ★ ★ ★ ★

My experience with CANDEAL hasn’t been great. I faced issues with withdrawals that took longer than expected. The support team was not very responsive to my inquiries, which added to my frustration. I hope they can improve this aspect.

James Smith

Montreal, Quebec

★ ★ ★ ★ ★

I had a terrible experience with CANDEAL. I tried to withdraw my funds, and it took weeks with no clear communication from support. I felt completely abandoned. I cannot recommend this platform based on my experience.

Canada Market