Loonie (USD/CAD)

Trade USDCAD with a prop firm

USDCAD is closely linked to crude oil, Canada’s main export, and to the policy gap between the Bank of Canada and the Fed. Oil traders often use it as a currency proxy. Pass a challenge and trade USDCAD on a funded account, keeping 90% of the profits, paid in USDT.

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Key facts

Updated 1 October 2026

At Axora Funded you can trade USDCAD on a funded account of up to $200,000 (from $39).
Value of 1 pip on USDCAD: $7.02 per standard lot (100,000 units).
Maximum leverage on USDCAD: 1:100.
Current USDCAD spread: 1.5 pips (variable).
Axora Funded is a prop firm with its own trading platform.
Accounts from $5,000 to $200,000; the cheapest challenge costs $39 (one-time fee).
Profit split: 90% to the trader on the funded account.
Payouts in USDT (TRC20, ERC20 or BEP20), from 50 USDT, after identity verification.
Programmes: 2-Step (from $39), 1-Step (from $49) and Futures (from $99).
Markets: forex, gold, US indices, 11 crypto pairs 24/7 and CME futures.

1:100 leverage

Margin per standard lot shown live on the platform.

$7.02 per pip

For one standard lot of 100,000 units.

Live prices

Real-time bid and ask on our platform.

$3.50 / lot

Commission per lot per side.

USDCAD

US Dollar vs Canadian Dollar

Live

—

Spread

—

Leverage

1:100

Hours

24/5

Other instruments

EURUSD GBPUSD USDJPY AUDUSD

USDCAD contract specifications

Symbol	USDCAD
Contract size	100,000 units per lot
Tick size	0.00001
Value of 1 pip	$7.02 / lot
Max leverage	1:100
Margin per lot (approx.)	$1,000
Commission	$3.50 / lot / side
Volume	0.01 – 50 (step 0.01)

USDCAD position size by account

1% risk per trade with a 0.002 price stop.

Account	1% risk	Lots	Actual risk
$5,000	$50	0.35	$49
$10,000	$100	0.71	$100
$25,000	$250	1.78	$250
$50,000	$500	3.56	$500
$100,000	$1,000	7.12	$999
$200,000	$2,000	14.25	$2,000

2-Step Challenge: prices and rules

Target 10% + 5% · daily loss 4% · max loss 8% · consistency 50%

Account	Price	Phase 1 target	Daily loss	Max loss
$5,000	$39	$500	$200	$400	Choose
$10,000	$59	$1,000	$400	$800	Choose
$25,000	$139	$2,500	$1,000	$2,000	Choose
$50,000	$249	$5,000	$2,000	$4,000	Choose
$100,000	$499	$10,000	$4,000	$8,000	Choose
$200,000	$949	$20,000	$8,000	$16,000	Choose

About USDCAD

USDCAD is closely linked to crude oil, Canada’s main export, and to the policy gap between the Bank of Canada and the Fed. Oil traders often use it as a currency proxy.

Most active in the New York session; Canadian and US employment data are released at the same time, often causing large moves.

How to size a USDCAD position

Position size = risk in dollars ÷ (stop distance × value per unit). Example on a $100,000 account risking 1% ($1,000) with a 20 pips stop: 7.12 lots, which risks about $999.

The order panel has a built-in risk calculator: enter your % risk and your stop loss and it sizes the position for you.

Which challenge to trade USDCAD?

2-Step challenge (10% + 5% targets, 4% daily and 8% maximum loss) or the faster 1-Step challenge (one 10% target).

USDCAD trading hours

24 hours a day, Sunday 22:00 to Friday 21:00 UTC.

Frequently asked questions

What is the pip value of USDCAD?

$7.02 per standard lot (100,000 units). For 0.10 lots it is $0.70.

What leverage do you offer on USDCAD?

Up to 1:100. One standard lot needs about $1,000 of margin at current prices.

Is there a commission on USDCAD?

$3.50 per lot per side.

When is USDCAD most active?

Most active in the New York session; Canadian and US employment data are released at the same time, often causing large moves.

Can I hold USDCAD over the weekend?

The market is closed at the weekend. During the 2-Step evaluation positions are closed before the weekend; the 1-Step and funded accounts allow holding.

Is the capital real?

All accounts are demo accounts with virtual funds that run in a simulated trading environment. Rewards are paid in USDT based on your simulated performance, according to our terms.

Keep reading

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Up to $200,000 account
90% profit split
Instant account delivery
No time limit when funded

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Axora

Titan

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$200K

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Elite

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$100K

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