Canadian Investment Regulatory Organization
CIRO · Canada · Established 2023
Canadian Investment Regulatory Organization (CIRO) is the financial regulator of Canada, established 2023. It caps retail leverage at 1:50, requires negative balance protection and segregated client funds, and compensates clients up to CAD 1,000,000 if a firm fails.
Official register
Check a firm's licence yourself
What this licence gets you
The rules a firm has to follow to keep this licence. A dash means we hold no answer on file, which is not the same as a no.
- Maximum leverage, retail
- 1:50
- Maximum leverage, professional
- 1:100
- Compensation if the firm fails
- CAD 1,000,000
- Negative balance protection
- Required
- Client funds held separately
- Required
- Hedging
- Permitted
- FIFO order closing
- Not mandatory
- Supervision covers
- Investment Dealers, Trading Activity, Market Integrity
- Body type
- Self-Regulatory
About CIRO
CIRO (formerly IIROC) is Canada's national self-regulatory organization overseeing investment dealers and trading activity. Protects investors and ensures market integrity.
- CIPF protection
- Provincial coordination
- Margin requirements