CAD trading account with Interac deposits
Interac deposits land instantly, with a $100-$3,000 per-transaction limit, and withdrawals take 1-5 business days with a $50 minimum. That is the Canada-specific funding rail on the Eightcap-powered account you open through SmartProfitFX.
You can also hold the account in CAD: Canadian dollars are a selectable base currency on both the Standard and Raw accounts. Below is the full funding table first, then exactly what a CAD base currency does and doesn't do, and one honest caveat before you fund.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs.
Interac deposits and withdrawals
Interac deposits are instant with a $100-$3,000 limit; Interac withdrawals take 1-5 business days with a $50 minimum. Interac is the payment method Eightcap lists specifically for Canada. The other rows are the standard methods available on the same account, so you can see how Interac compares before you fund.
| Method | Deposit time | Deposit limit | Withdrawal time | Withdrawal limit |
|---|---|---|---|---|
| Interac (Canada) | Instant | $100-$3,000 | 1-5 business days | $50 minimum |
| Visa / Mastercard | Instant | $100-$50,000 | 1-5 business days | No limit |
| PayPal | Instant | $100-$10,000 | 1-5 business days | No limit |
| Skrill | Instant | $100-$50,000 | 1 business day | $50-$50,000 |
| Neteller | Instant | $100-$50,000 | 1 business day | $50-$50,000 |
| Cryptocurrency | Instant | $100-$50,000 | Instant | $50 minimum |
| Wire transfer | 1-5 business days | N/A | 1-5 business days | $50 minimum |
Funding methods and limits per Eightcap's payments page, checked 2026-07-06. Interac is the only method Eightcap flags as Canada-specific. Confirm the settlement currency shown in the deposit screen before you send funds.
Open the Eightcap-powered account and fund with Interac
Interac deposits clear instantly and the minimum to open is $100. You get the same Eightcap Standard or Raw account you would opening direct, with CAD as a selectable base currency and Raw commission $1 lower per round-trip lot through SmartProfitFX.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs.
A true CAD base currency account
CAD is a selectable base currency on both the Standard and Raw accounts, sitting alongside AUD, EUR, GBP, NZD, SGD and USD. Choosing it means your balance, your profit and loss, and your statements are all denominated in Canadian dollars rather than converted to USD.
On the Raw account, commission is charged at $3.50 CAD per side per standard lot, so you are billed in the same currency you fund and withdraw in for that line item. That is $7.00 round trip opening direct with Eightcap; through SmartProfitFX it is $6.00 round trip, a $1.00 saving on every round-trip lot.
What a CAD-denominated account avoids is the friction of seeing your account quoted in a currency that is not your own, and re-doing the mental math on every balance and every fee. It does not, on its own, guarantee that your Interac deposit settles in CAD. Eightcap lists CAD as an account base currency but does not state that Interac deposits settle in Canadian dollars, so confirm the settlement currency shown in the deposit screen before you send funds.
What the $1 saving is worth to you
Raw commission is $6.00 round trip through SmartProfitFX versus $7.00 direct. At 50 standard lots a month that is $50 saved a month, roughly $600 a year. Enter your own volume to see your number in CAD.
Commission applies to the Raw account: $3.50 CAD per side per standard lot, so $7.00 round trip direct with Eightcap versus $6.00 through SmartProfitFX. Spreads, funding and platforms are the same either way. Figures in CAD; commission source checked 2026-07-06.
Funding fine print
Eightcap quotes no internal fees on its funding methods, so the headline cost of moving money in and out is zero from the broker's side, though your bank or card issuer may still apply its own charges. That is the policy line on the payments page, not a promise about third-party fees.
Withdrawal timing depends on the method. Interac, Visa/Mastercard, PayPal and wire withdrawals take 1-5 business days; Skrill and Neteller withdrawals process in 1 business day; crypto withdrawals are instant. Interac carries a $50 withdrawal minimum, so plan to leave at least that much withdrawable rather than trying to pull a smaller amount.
Deposit limits vary by method and are worth knowing before a large transfer: Interac caps a single deposit at $3,000, PayPal at $10,000, and cards, Skrill, Neteller and crypto at $50,000. If you want to fund more than $3,000 in one move, a card or wire is the higher-ceiling route.
- Interac: instant deposit, $100-$3,000; withdrawal 1-5 business days, $50 minimum.
- Cards, Skrill, Neteller, crypto: up to $50,000 per deposit.
- Withdrawal minimum on Interac, wire and crypto is $50.
The CIPF and CIRO reality before you fund
Eightcap is not registered with CIRO, and an account opened through SmartProfitFX is not protected by CIPF. Canadians are onboarded under Eightcap's international entities. That is the trade-off you are accepting, and it is not a small one, so here is what it means in practice.
At a CIRO-registered dealer, CIPF coverage protects eligible client assets up to $1 million if the firm becomes insolvent, and CIRO sets margin and conduct rules for Canadian retail accounts. Opening offshore, you give up that domestic membership and that insolvency backstop. What you get in return is access to the Eightcap-powered CFD environment, CAD base currency, Interac funding and Raw pricing at $1 less round trip. Whether that is a fair exchange depends entirely on you, and for many Canadians a CIRO-registered broker is the right answer.
SmartProfitFX is not the regulated broker; it is the account-opening route into the Eightcap setup. Verify any broker on the CIRO and CIPF registers before you fund, and treat CFDs as instruments that can lose more than you deposit.
CIRO-registered brokers with strong Canadian funding rails
If domestic protection and bank-rail funding matter more to you than CFD access, these CIRO-registered brokers fund from a Canadian bank account and carry CIPF coverage. For many readers that is the right pick, and this page will say so.
CIRO-registered Canadian brokerage with CIPF coverage, EFT and bank-linked funding from a Canadian account, and a stock, ETF and self-directed focus.
Canadians who want a domestically regulated, CIPF-protected account funded straight from their bank, and who are trading stocks, ETFs and registered accounts rather than CFDs.
CIRO-registered forex dealer with CIPF membership, EFT and bank-rail funding, and its own fxTrade platform alongside MT4.
Retail forex traders who want a CIRO-regulated Canadian entity and domestic funding rails, and who value CIPF protection over offshore CFD breadth.
CIRO-registered multi-asset broker with CIPF coverage, funding from Canadian bank accounts, and access to stocks, options, futures and forex across global markets.
Active or professional Canadians who want a single regulated account across asset classes and are comfortable with a deeper platform in exchange for domestic protection.
Open in CAD and deposit with Interac
The minimum deposit is $100, Interac clears instantly, and CAD is a selectable base currency on Standard and Raw. If you understand the offshore trade-off above and the Eightcap environment is what you want, this is the cheaper door into it.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs.
Frequently asked questions
Which brokers accept Interac?
The Eightcap-powered account you open through SmartProfitFX lists Interac as its Canada-specific funding method, with instant deposits of $100-$3,000. Interac is common among offshore CFD brokers serving Canada; most CIRO-registered domestic brokers fund by EFT or bank transfer rather than Interac.
Is an Interac deposit instant?
Yes. Interac deposits are processed instantly on the Eightcap payments page, within a $100-$3,000 per-transaction limit. Interac withdrawals are not instant, taking 1-5 business days.
How long do Interac withdrawals take?
Interac withdrawals take 1-5 business days and carry a $50 minimum. Skrill and Neteller withdrawals are faster at 1 business day, and crypto withdrawals are instant, if you need money out sooner.
What is the minimum deposit?
The minimum deposit is $100 to open either the Standard or Raw account. The minimum Interac deposit is also $100, so a single Interac transfer can open and fund the account.
Can I hold the account in CAD?
Yes. CAD is a selectable base currency on both the Standard and Raw accounts, so your balance, profit and loss, and statements are denominated in Canadian dollars. Note that Eightcap does not state Interac deposits settle in CAD, so confirm the settlement currency in the deposit screen before funding.
What are the Interac deposit limits?
Interac deposits are limited to $100-$3,000 per transaction. If you want to fund more in one move, cards, Skrill, Neteller and crypto go up to $50,000 per deposit and PayPal up to $10,000.
Are there fees to deposit or withdraw?
Eightcap quotes no internal fees on its funding methods, so there is no broker-side charge to move money in or out. Your own bank or card issuer may still apply its own fees, which are outside Eightcap's control.
Sources
Every factual claim on this page traces to one of these pages, checked on the date shown.
- Eightcap payments (Interac, limits, no internal fees): www.eightcap.com/en/traders/payments/ (checked 2026-07-06)
- Eightcap account options (CAD base currency, Raw commission, $100 min): www.eightcap.com/en/traders/account-options/ (checked 2026-07-06)
- CIRO (Canadian Investment Regulatory Organization) dealer register: www.ciro.ca/ (checked 2026-07-07)
- CIPF (Canadian Investor Protection Fund) coverage: www.cipf.ca/ (checked 2026-07-07)
