MT4 & MT5 Brokers in Canada (2026)
By ForexCanada Editorial Team · Updated
MetaTrader 4 and 5 remain the default platforms for retail forex traders, largely because of their expert advisors (automated strategies), custom indicators and huge user communities. Plenty of offshore brokers offer MetaTrader — but you don't have to go offshore to use it. Several CIRO dealer members offer MT4, and some offer MT5.
Note that MetaQuotes, the company behind MetaTrader, has been steering brokers from MT4 towards MT5. If you're starting fresh, MT5 is the better long-term bet; if you rely on legacy MT4 expert advisors, check that your broker still supports MT4 for new accounts.
How we picked
- Supports MT4 and/or MT5 for Canadian clients
- CIRO dealer member
- Ranked by overall score
Full details in our methodology. We may earn a commission from some brokers; it never affects the order. Disclosure.
The ranking (5)
- #1
CMC Markets Canada
CIRO-registeredBest for: Traders who want the widest CFD and currency-pair range from a Canadian dealer
CMC Markets is a London-listed firm founded in 1989, and CMC Markets Canada Inc. is its CIRO-registered Canadian dealer. Its standout feature is breadth: a very large list of currency pairs (including many crosses and emerging-market currencies) plus thousands of CFDs on indices, commodities, shares and bonds. The in-house Next Generation platform is excellent for charting and pattern recognition, and MT4 is available for those who prefer it. Pricing is spread-based with no minimum deposit. As with other Canadian CFD dealers, Alberta residents face additional eligibility requirements.
- Platforms
- MT4, TradingView
- FX pairs
- 150+
- Min. deposit
- $0
- CIPF
- Yes
⚠ Alberta residents generally must qualify as accredited investors to trade CFDs.
8.9/ 10 - #2
FOREX.com Canada
CIRO-registeredBest for: Active forex traders who want MT5, TradingView and commission-based pricing
FOREX.com is owned by StoneX Group, a NASDAQ-listed financial services firm, and serves Canadians through GAIN Capital - FOREX.com Canada Ltd., a CIRO dealer member. It is one of the most complete Canadian forex offers: a large pair list, MT4 and MT5, its own web and mobile platforms, and TradingView connectivity. Active traders can choose commission-based pricing instead of wider spread-only quotes, which is rare among Canadian dealers. The low minimum deposit makes it accessible, but Albertans should expect extra eligibility steps for CFDs because of provincial rules.
- Platforms
- MT4, MT5, TradingView
- FX pairs
- 80+
- Min. deposit
- $100
- CIPF
- Yes
⚠ Alberta residents generally must qualify under a prospectus exemption (e.g. accredited investor) to trade CFDs.
8.7/ 10 - #3
OANDA Canada
CIRO-registeredBest for: Canadians who want a pure-play forex specialist with TradingView and MT4
OANDA has deep Canadian roots — its Canadian dealer is based in Toronto and has served retail currency traders here for more than two decades. It is one of the few CIRO members that is primarily a forex specialist rather than a bank or multi-asset brokerage, which shows in the product: dozens of currency pairs, a clean web platform, MT4 and direct TradingView trading. Pricing is transparent, with no minimum deposit, and the firm publishes historical spread data so you can see what you actually paid. The main limitation is geography: OANDA does not open accounts for Alberta residents, and like every Canadian dealer its leverage is capped by CIRO margin rates rather than the 500:1 offshore brokers advertise.
- Platforms
- MT4, TradingView
- FX pairs
- 60+
- Min. deposit
- $0
- CIPF
- Yes
⚠ Does not currently accept residents of Alberta.
8.5/ 10 - #4
AvaTrade Canada (Friedberg Direct)
CIRO-registeredBest for: Beginners who want MetaTrader 4/5 with a Canadian-regulated dealer
AvaTrade is one of the largest global CFD brands, and in Canada it operates through Friedberg Direct, the same CIRO-registered dealer that carries FXCM. The practical upshot is that Canadians can use AvaTrade's popular MT4 and MT5 set-ups, its web platform and mobile app while their account is held with a Canadian dealer member and covered by CIPF within its limits. AvaTrade's education library and demo accounts are among the better options for newcomers. Be aware that the Canadian product list and leverage are narrower than what AvaTrade advertises internationally, and certain global features may not be available here.
- Platforms
- MT4, MT5
- FX pairs
- 50+
- Min. deposit
- About C$300 / US$250 (check current terms)
- CIPF
- Yes
8.4/ 10 - #5
FXCM Canada (Friedberg Direct)
CIRO-registeredBest for: Algorithmic and API traders who want a Canadian-regulated account
FXCM reaches Canadians through Friedberg Direct, the retail division of Toronto's Friedberg Mercantile Group — a firm with roots in Canadian commodity markets going back to the 1970s. That arrangement matters: your account sits with a CIRO dealer member, while you use FXCM's Trading Station platform, MT4, TradingView integration and well-documented APIs. FXCM has long been popular with systematic traders because of its API access and historical data, and that remains its niche in Canada. Pricing is spread-based on standard accounts; check the current Friedberg Direct schedule for your base currency and pairs.
- Platforms
- MT4, TradingView
- FX pairs
- 40+
- Min. deposit
- See site
- CIPF
- Yes
8.3/ 10
Offshore MetaTrader brokers (not registered in Canada)
- #1
Fusion Markets
Not registered in CanadaBest for: Cost-focused MetaTrader/cTrader traders who understand offshore risk
- Platforms
- MT4, MT5, cTrader, TradingView
- FX pairs
- 90+
- Min. deposit
- $0
- CIPF
- No
6.4/ 10 - #2
FP Markets
Not registered in CanadaBest for: Experienced traders who want cTrader/TradingView and raw pricing, and accept offshore risk
- Platforms
- MT4, MT5, cTrader, TradingView
- FX pairs
- 60+
- Min. deposit
- About US$100
- CIPF
- No
6.3/ 10 - #3
easyMarkets
Not registered in CanadaBest for: Traders who value fixed spreads and risk tools like dealCancellation
- Platforms
- MT4, MT5, TradingView
- FX pairs
- 60+
- Min. deposit
- About US$25
- CIPF
- No
5.5/ 10 - #4
FXCC
Not registered in CanadaBest for: MetaTrader users comfortable with offshore risk who want ECN-style pricing without commissions
- Platforms
- MT4, MT5
- FX pairs
- 70+
- Min. deposit
- $0 (ECN XL account)
- CIPF
- No
5.1/ 10 - #5
FXChoice
Offshore / not registered in CanadaBest for: Small-account MetaTrader traders comfortable with a Belize-licensed broker
- Platforms
- MT4, MT5
- FX pairs
- 40+
- Min. deposit
- About US$100
- CIPF
- No
4.5/ 10 - #6
IFC Markets
Offshore / not registered in CanadaBest for: Traders interested in synthetic 'portfolio' instruments on NetTradeX
- Platforms
- MT4, MT5
- FX pairs
- 50+
- Min. deposit
- Varies by account type
- CIPF
- No
4.3/ 10 - #74.3/ 10
See all offshore brokers that accept Canadians, and the risks →
Frequently asked questions
Does OANDA Canada offer MT4?
Yes. OANDA Canada supports MT4 alongside its own platform and TradingView. It doesn't accept Alberta residents.
Which Canadian broker offers MT5?
FOREX.com Canada and AvaTrade (via Friedberg Direct) offer MT5 to Canadian clients. Check each broker's current platform list, as offerings change.
Can I run expert advisors (EAs) with a Canadian broker?
Yes. MT4/MT5 expert advisors work at CIRO dealers that support MetaTrader. Leverage and margin limits will be tighter than offshore, so back-test with realistic settings.
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