Best MT4 brokers Canada 2022

The best MT4 brokers in Canada are those that offer a variety of financial instruments to trade including stocks, currencies, commodities, CFDs, ETFs and futures and even cryptocurrencies. and a Canada MT4 demo account. Demo accounts are a great way for Canadian MT4 traders to learn how to trade using the MT4 trading platform in Canada, without risking any of your real money. A regulated Canada MT4 broker is a must for Canada MT4 clients. Regulated Canada MT4 trading platforms must follow rigorous safety and risk management protocols and provide the best MT4 order execution services. In addition, Canada MT4 brokers should have a range of deposit and withdrawal options, and they must be available in multiple languages. This means that Canadian traders have a broader choice of MT4 account options when it comes to trading in Canada.

The best Canada MT4 brokers should be regulated by jurisdiction. This means that the authorities in Canada must be able to hold the brokers accountable in the event of any dispute. It is also important that deposits and withdrawals be processed within 2 to 3 days. It is essential that the Canada broker has a global presence. This means that it employs local people and holds local seminars and training in different languages, or online, within Canada. This makes it easy to communicate with the Canada brokers, and is an important factor in determining the best MT4 Brokers.

Best MT4 brokers Canada 2022 Table of Contents

Top Canada MT4 brokers Compared

Best MT4 brokers Canada List

Featured Canada Trading Platform Account Features Trading Features

Roboforex

Used By: 10,000
Instruments Available: 100
Stocks Available: 53
US Stocks: Yes
UK Stocks: Yes
German Stocks: Yes
Japanese Stocks: Yes
Indices: Yes
Forex Pairs Available: 35
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 1
Platforms: MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

FP Markets

Used By: 10,000
Instruments Available: 100
Stocks Available: 10000
US Stocks: Yes
UK Stocks: Yes
German Stocks: Yes
Japanese Stocks: Yes
Indices: Yes
Forex Pairs Available: 60
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 100
Platforms: MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

XTB

Used By: 250,000
Instruments Available: 4000
Stocks Available: 1696
US Stocks: Yes
UK Stocks: Yes
German Stocks: Yes
Japanese Stocks: Yes
Indices: Yes
Forex Pairs Available: 57
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 0
Platforms: MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: Yes
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Try Now

Pepperstone

Used By: 89,000
Instruments Available: 100
Stocks Available: 60
US Stocks: No
UK Stocks: No
German Stocks: Yes
Japanese Stocks: No
Indices: Yes
Forex Pairs Available: 70
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 200
Platforms: MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: Yes
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your moneyTry Now

FXPrimus

Used By: 10,000
Instruments Available: 130
Stocks Available: 60
US Stocks: Yes
UK Stocks: Yes
German Stocks: No
Japanese Stocks: No
Indices: Yes
Forex Pairs Available: 45
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 100
Platforms: MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

easyMarkets

Used By: 142,500
Instruments Available: 200
Stocks Available: 52
US Stocks: Yes
UK Stocks: Yes
German Stocks: Yes
Japanese Stocks: Yes
Indices: Yes
Forex Pairs Available: 150
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 100
Platforms: MT4, MT5, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Your capital is at riskTry Now

Axi

Used By: 10,000
Instruments Available: 100
Stocks Available: 1000
US Stocks: Yes
UK Stocks: Yes
German Stocks: Yes
Japanese Stocks: Yes
Indices: No
Forex Pairs Available: 100
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 0
Platforms: MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

HYCM

Used By: 10,000
Instruments Available: 100
Stocks Available: 10
US Stocks: Yes
UK Stocks: No
German Stocks: No
Japanese Stocks: No
Indices: Yes
Forex Pairs Available: 40
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 100
Platforms: MT4, MT5, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: Yes
Losses can exceed depositsTry Now

Swissquote

Used By: 300,000
Instruments Available: 100
Stocks Available: 0
US Stocks: Yes
UK Stocks: Yes
German Stocks: Yes
Japanese Stocks: Yes
Indices: Yes
Forex Pairs Available: 150
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 1000
Platforms: MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

Eightcap

Used By: 10,000
Instruments Available: 100
Stocks Available: 0
US Stocks: No
UK Stocks: No
German Stocks: Yes
Japanese Stocks: Yes
Indices: Yes
Forex Pairs Available: 45
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 100
Platforms: MT4, MT5, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

ForTrade

Used By: 1,000,000
Instruments Available: 100
Stocks Available: 190
US Stocks: No
UK Stocks: No
German Stocks: No
Japanese Stocks: Yes
Indices:
Forex Pairs Available: 70
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 100
Platforms: MT4, Binary, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee:
Your capital is at riskTry Now

ForexMart

Used By: 10,000
Instruments Available: 111
Stocks Available: 0
US Stocks: No
UK Stocks: Yes
German Stocks: No
Japanese Stocks: No
Indices: Yes
Forex Pairs Available: 100
Major Forex Pairs: Yes
Minor Forex Pairs: No
Exotic Forex Pairs: No
Minimum Deposit: 1
Platforms: MT4,WEB,desktop
Negative Balance Protection:
Inactivity Fee: No
Your capital is at riskTry Now

ETFinance

Used By: 10,000
Instruments Available: 150
Stocks Available: 1000
US Stocks: Yes
UK Stocks: Yes
German Stocks: Yes
Japanese Stocks: Yes
Indices: No
Forex Pairs Available: 50
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 215
Platforms: MT4,iOS,MacBook,iPhone
Negative Balance Protection:
Inactivity Fee:
Trading leverage products may not be suitable for all traders. 71% of retail CFD accounts lose money.Try Now

IG

Used By: 239,000
Instruments Available: 17000
Stocks Available: 8000
US Stocks: Yes
UK Stocks: Yes
German Stocks: Yes
Japanese Stocks: Yes
Indices: Yes
Forex Pairs Available: 100
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 250
Platforms: MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: Yes
70% of retail CFD accounts lose moneyTry Now

GKFX

Used By: 10,000
Instruments Available: 100
Stocks Available: 300
US Stocks: Yes
UK Stocks: Yes
German Stocks: Yes
Japanese Stocks: Yes
Indices: Yes
Forex Pairs Available: 55
Major Forex Pairs: Yes
Minor Forex Pairs: Yes
Exotic Forex Pairs: Yes
Minimum Deposit: 20
Platforms: MT4, Mac, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

What Is Canada Metatrader 4?

The trading platform MetaTrader 4 is actively used by Canada MT4 traders to research, analyse and automate trading actions within Canada for many years. Canada MT4 brokers uses a proprietary coding language called MQL4 that is available in more than 30 languages. The software can also be used on other markets. The trading platform in Canada is not a robo-advisor or in-person financial advisor. Canada MT4 platforms have an extensive range of tools and features. It allows users to build their own complex algorithms to create trading strategies. This software is widely used by traders worldwide and in Canada. The system is designed to be user-friendly and includes a client and server component. The [Nationality] client then streams prices and places trades.

MT4 has many advantages. It allows Canadian end-users to write trading scripts and has robots called Expert Advisors. Canada MT4 broker software allows Canadian traders to automate trading by using algorithms, which are known as the aforementioned Expert Advisors. These programs help users analyse the market and forecast the outcome of trades in Canada. The software also lets users customise their charts to reflect the currency pairs they are trading on. This flexibility makes MT4 a great choice for a beginner or an experienced trader in Canada.

What is an MT4 Canada Broker?

MT4 is a popular platform for trading Forex and other financial instruments like stock and commodity CFDs in Canada. It offers charts for major, minor currency pairs, as well as several exotic ones. Canada MT4 broker software offers a variety of trading options in Canada. Canada MT4 brokers are also compatible with most desktop trading systems. It can be downloaded for free from the Android and iOS App stores. MT4 supports social trading in Canada through a feature called Trading Signals. These signals allow Canadian traders to copy the trades of other traders. While most signal providers offer signals for free, others charge for these services. Canadian traders can also download the MT4 software from their website.

The MT4 trading platform in Canada offers a variety of trading options. Canadian traders can trade major stock indices, as well as major cryptocurrencies. Canadian traders can also use MT4 for a cryptocurrency exchange in Canada. Canadian traders can trade a number of popular cryptocurrencies in MT4 with a reputable Canada broker. Most major cryptocurrencies are traded in MT4 and can be used to transfer money from one country to another. These types of currencies often have high volatility and are considered high risk.

How Do You Use Canada MT4 Trading Platforms?

Canadian traders can customise the look of their charts in MT4 by selecting the 'Account History' tab from the 'Properties' menu. The 'Colours' menu lets Canadian traders select the colours of your background, foreground, and candles. Canadian traders can save these settings for future use. This feature helps Canadian traders to keep track of their trading positions. To adjust stops and points of confinement on your open positions, Canadian traders must first make a new order in MT4. To change a position or pending request, Canadian traders need to right-click it and select 'Adjust' or 'Erase'. Then, Canadian traders can add breaking points or stops to their positions. To confirm the changes, click the red 'Adjust' button. To customise graphs, MT4 offers a range of tools for Canadian traders to experiment with.

Once Canadian traders have made their first trade in Canada, Canadian traders can set up an entry and exit level. After setting up an entry and exit level, MT4 displays a green dotted line for the entry level and a red dotted line for the stop-loss and limit levels. Canadian traders can also customise these colours in 'Properties'. 'Properties' is the menu at the top of the platform. MT4 in Canada allows Canadian MT4 users to set the maximum number of bars in the charts. Whether Canadian traders want to trade for small or large amounts in Canada, Canadian traders can change the settings in MT4's Options window. Canadian traders can also choose the colour of the order window. If Canadian traders want to use different colours for their orders, Canadian traders can create custom indicators by selecting 'Properties'. Canadian traders can also change the colours of stop levels and trendlines.

Is MT4 a Regulated Canada Broker?

MT4 is one of the most popular software platforms for trading Forex in Canada, and it is used by most traders. It is used to trade the major currency pairs, which are divided into the groupings of major, minor, and exotic. Most [Nationality] brokers offer seven major pairs and some other, more specialised and exotic cryptocurrencies. MT4 users can also trade popular stocks, including Apple, Microsoft, Yahoo and Google. MT4 users can also trade blue-chip stocks like Coca-Cola and Tesla in Canada.

With MT4 Canada trading software, traders have easy access to their Canada accounts. They can easily view their account balance and margin levels, and they can choose between deposit and withdrawal methods. Most Canadian MT4 brokers offer free deposit and withdrawal options, and Canadian traders can select the payment method that suits their needs best. Depending on your Canadian MT4 broker, it may take a few days to receive your money, so be sure to check with your Canada MT4 broker before you invest any money.

In addition to being regulated, check your Canada MT4 broker allows traders to trade with many assets. For example, traders in Canada can buy and sell a wide range of derivative products. However, US-based derivatives regulators do not allow contracts for difference (CFDs). A regulated MT4 broker in Canada must also offer a variety of products. The MT4 Canada trading platform is compatible with a wide range of currencies and other financial instruments.

How do I Trade on Canada MT4 Platform?

In MT4, a Canada trading platform usually shows levels on a price chart for the open trades. The entry level in Canada is marked with a green dotted line, while the stop-loss and limit levels are indicated with a red dotted line. Canadian traders can change the colour of these levels just like you do other elements of MT4 - just click 'Properties' and choose the colour that matches your preferences.

MT4's price chart displays levels that indicate open trades in Canada. The first level is the entry level, which is the green dotted line. The second level is the stop-loss or limit level. Both levels will show in red, so Canadian traders must make sure they are using the correct one before you start trading in Canada. The third level is the limit or stop-loss. Changing the position type, which is indicated by the red dotted line, is another important step to take.

How Much do you Need to Trade on MetaTrader 4 in Canada?

The amount of money Canadian traders need to trade on MetaTrader 4 in Canada depends on which Canadian MT4 brokerage you choose. This includes trade costs, platform fees, and hosting, bridging, and support within Canada. Different brokerages offer different features and services, so it's important to choose the right one for you. The brokerage fees in Canada that you have to pay for MetaTrader 4 will vary from brokerage to brokerage. Once you know how much you want to invest, you can start trading on the Canada MT4 platform of your choice. Canadian traders need a minimum of $100 to trade on MetaTrader 4 in Canada, although there are some MT4 brokers in Canada that don't have proprietary software so they license MT4 trading software and offer it to their Canadian traders to use. Canada MT4 brokers connect their clients to the markets using the 3rd party MT4 trading platform software.

Can I Trade Stocks in Canada with MT4?

Can I trade stocks On Canada MT4 broker platforms? Most MT4 brokers in Canada offer more than one tradable financial instrument, and so Canadian traders can use MT4 to trade a variety of different assets including stocks. Stocks, like other financial products, can be purchased or sold on Canada MT4 trading platforms. Profit is realised when the price of the stock rises in value. Stocks can also be purchased as CFD stock trades. CFDs are high risk leveraged trades allowing Canadian MT4 traders to speculate on the up or down price of stocks without owning any actually stock assets.

MT4 has several customisation options. For example, Canadian traders can adjust the number of bars you see. Changing the number of bars will make the chart look different, but modifying the maximum size will make it look more professional. Additionally, Canadian traders can change the colours of the candles and background in the 'Colors' tab. You can save the settings and re-use them in the future.

How to Buy Stocks on MetaTrader 4 in Canada?

In order to buy stocks on MetaTrader 4 in Canada, Canadian traders need to have a real trading account. You'll need to enter that information in a separate agreement with your Canada MT4 broker or MT4 Trading platform in Canada. Most Canada brokers provide the MetaTrader 4 platform, but not all of them offer it. Moreover, these programs cannot access a broker's servers or data. So, before Canadian traders can buy stocks on MetaTrader 4, you'll have to sign up for a real trading account in Canada.

MetaTrader 4 comes with a wide range of trading tools that Canadian traders can use when trading in Canada. Canadian traders can automatically set up a chart using your favourite settings. Canadian traders can also save a template that allows Canadian traders to change the chart's look and feel. MT4 also supports trend indicators, which help Canadian traders determine when to buy and sell. A trend indicator will appear on the candlestick charts. The bar/line graph will appear in the background if the indicator is active.

To buy or sell shares on MetaTrader 4 in Canada, Canadian traders need to create an order using a stop order or limit order. By using a stop order, Canadian traders can sell at a price that's much higher than the current market price in Canada. If Canadian traders are only looking to buy a single stock, Canadian traders should use a limit order. Canadian traders can also open a long position and sell at a low price in Canada.

How To Withdraw Money from MetaTrader 4 in Canada?

To start withdrawing money from a Canada MT4 account, visit your Canada MT4 Trading account and go to the 'Accounts' tab. Next, select 'Withdraw' from the 'Trading Account' table. Once you have done this, Canadian traders should fill in the corresponding fields and submit the request. Once you have received your withdrawal, you can check your Canada account. You can use it to access the online services of your Canadian MT4 broker. You will receive a notification email from your Canada MT4 trading platform and withdrawing your funds from MetaTrader 4 should take 2 - 10 days.

Which MT4 Broker is the Best in Canada?

There are a few things to consider when choosing a MT4 trading platform and broker in Canada. Firstly, it's important to find a reputable and trustworthy company in Canada. Make sure that you check for a license and a history of trading with the company. If you don't want to risk your money, you should always choose a regulated Canada broker. This will give you peace of mind and ensure that you're making the best decision for your money.

Check your Canada MT4 broker is regulated by British Columbia Securities Commission (BCSC), Canadian Investor Protection Fund (CIPF),Financial Transactions and Reports Analysis Center of Canada (FINTRAC), Investment Industry Regulatory Organization of Canada (IIROC), Ontario Securities Commission (OSC), Ombudsman of Banking Services and Investments (OBSI), The Cayman Islands Monetary Authority (CIMA) before placing live trades.

You should also check the MT4 brokers customer support options in Canada. Check livechat, email and phone support is actively available with your Canada MT4 broker. The MT4 Canada trading platform is known for being very intuitive for Canadian beginner traders and can support a wide range of asset classes. Most MT4 brokers in Canada offer major currency pairs, and some even offer cryptocurrencies like Bitcoin and Ethereum. It is important to make sure that the Canada MT4 broker supports the instruments you want to trade.

How Do I Transfer Money from MT4 to My Bank Account in Canada?

In order to withdraw money from your MT4 account, Canadian traders will need to first add money to your demo account. This is done by logging in to your MT4 broker's platform and clicking on 'Accounts'. Once Canadian traders have selected the desired amount, click on the 'Withdraw' button to submit the withdrawal. Canadian traders can also use the same procedure to deposit money into your trading account if you have a MetaTrader 4 demo version in Canada.

How Long Does it Take to Withdraw from MT4 in Canada?

Withdrawing from a MT4 broker in Canada is a simple process, but it can take a while. Withdrawals are processed by the Back Office Department within 24 hours, but it may take another day or two to receive your money in Canada. For e-wallet transactions, it may take as little as 24 hours. Withdrawals from bank wires and credit/debit cards generally take three to ten business days. Withdrawing from MT4 is easy and secure. There is no need to contact the trading entity directly. All you need to do is follow the instructions. When you are done with this step, your money will be available for withdrawal. You can also deposit more money into your Canada account to withdraw more money in the future.

Who is the Most Trusted MT4 Broker in Canada?

IC Markets is one of the most trusted and popular MT4 brokers in Canada

If the MT4 broker in Canada is regulated by the Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC), it will be considered one of the most trusted in the market. Canada MT4 customers should avoid unlicensed Canada brokers. Most of the most trustworthy MT4 broker lists will contain companies that have either a CySEC or FCA license. Canada MT4 broker customer support should be quick and responsive, and it is easy to find information about a broker's performance on online forums. Canada MT4 broker should be regulated by British Columbia Securities Commission (BCSC), Canadian Investor Protection Fund (CIPF),Financial Transactions and Reports Analysis Center of Canada (FINTRAC), Investment Industry Regulatory Organization of Canada (IIROC), Ontario Securities Commission (OSC), Ombudsman of Banking Services and Investments (OBSI), The Cayman Islands Monetary Authority (CIMA).

A trustworthy MT4 broker in Canada should be reliable. This means it is regulated internationally as well as by local Canada governments. Moreover, your shortlisted Canada MT4 brokers has to have a high-end customer service that is available 24 hours a day. The Canada MT4 broker reviews will show a broker's reliability based on their capital and the number of financial instruments they offer for example Forex pairs available. Check the regulators sites directly that your Canada MT4 broker has strong regulatory laws in place. The most trusted MT4 brokers in Canada are ones that is regulated by more than one jurisdiction.

What is the Minimum Deposit for Metatrader 4 in Canada?

Canada MT4 brokers deposits average around $100 but can go as high as $1500 depending on which Canada MT4 account types Canadian traders go for and what advanced trading tools you need.

When trading with a live Canada MT4 broker, the minimum deposit required for MetaTrader 4 is the same for all types of accounts. This is why it's so important to choose your Canada MT4 broker carefully, as the minimum deposit varies from one Canada broker to another. Once you decide which Canada MT4 broker to use, you'll need to create an account with them. If you want to start trading with real money, Canadian traders will need to set up a live account.

Before Canadian MT4 traders can start trading with MT4, they will need to open a Canada MT4 trading account with a broker in Canada. If you're thinking about using MetaTrader 4 as your primary trading platform in Canada, you'll need to fund your account with a accepted payment method. Some brokers in Canada have low minimums, while others have high ones. The amount of money you'll need to fund your account depends on your broker and the type of account you have. Most brokerages in Canada require a minimum deposit of $100.

Withdrawal Methods On Canada MT4 Broker Platforms

Available funding and withdrawal methods available on Canada MT4 broker trading platforms include bank transfer, PayPal, Neteller, Venmo, Yandex, WebMoney, Skrill, MasterCard, Wire Transfer, Visa Card, Chinese Union Salary and cryptocurrencies like Bitcoin and Ethereum. If the base currency of your MT4 trading account differs from your withdrawal or funding method base currency you Canada MT4 traders may be charged a currency conversion fee by your payment provider.


Best MT4 Brokers Canada Reviews

We also have in depth reviews of each of the best Canada trading platform reviews listed below.

Best MT4 Brokers Canada Alternatives

We also have in depth guides of the best Canada alternative MT4 brokers for each Canada broker below.

Ashly Chole - Senior Finance & Technology Editor

Best MT4 brokers Canada 2022 guide updated 23/09/22