Adam Rosen - Lead financial writer
MetaTrader 4, abbreviated as MT4, is an electronic trading platform popular among Canadian online retail foreign currency speculators in Canada. MetaQuotes Software created MT4, and it was published in 2005. Foreign exchange brokers who provide the software to their Canada clients are granted a licence to use it.
MetaTrader 4 is most usually linked with Canada Forex trading, it may be used to trade a variety of financial market assets through leveraged CFD trading, including forex, indices, cryptocurrencies, commodities, and stocks.
The largest Canada MT4 Forex Brokers accept clients from several countries and provide Canadian Forex traders with trading access to worldwide financial markets not just Forex.
🤴 Roboforex is Used By: 10,000
⚡ Roboforex is Regulated by: Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, Bitcoin, WebMoney, BPAY, China UnionPay, FasaPay, CashU, QIWI, Yandex Money, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
Roboforex Risk warning : Losses can exceed deposits
🤴 FP Markets is Used By: 10,000
⚡ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
FP Markets Risk warning : Losses can exceed deposits
🤴 Pepperstone is Used By: 89,000
⚡ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
Pepperstone Risk warning : 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 money
🤴 FXPrimus is Used By: 10,000
⚡ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
FXPrimus Risk warning : Losses can exceed deposits
🤴 easyMarkets is Used By: 142,500
⚡ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
easyMarkets Risk warning : Your capital is at risk
🤴 HYCM is Used By: 10,000
⚡ HYCM is Regulated by: Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
💵 What You Can Trade with HYCM: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, Energies, Metals, Agriculturals,
💵 Instruments Available with HYCM: 100
📈 HYCM Inactivity Fees: Yes
💰 HYCM Withdrawal Fees: No
💰 HYCM Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer,
HYCM Risk warning : Losses can exceed deposits
🤴 Swissquote is Used By: 300,000
⚡ Swissquote is Regulated by: Swiss Financial Market Supervisory Authority (FINMA), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), Monetary Authority of Singapore (MAS)
💵 What You Can Trade with Swissquote: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Bonds,
💵 Instruments Available with Swissquote: 100
📈 Swissquote Inactivity Fees: No
💰 Swissquote Withdrawal Fees: $10
💰 Swissquote Payment Methods: Credit cards, Debit cards, Bank Transfer, Payoneer,
Swissquote Risk warning : Losses can exceed deposits
🤴 Eightcap is Used By: 10,000
⚡ Eightcap is Regulated by: Australian Securities and Investments Commission (ASIC), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with Eightcap: Forex, Minors, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Eightcap: 100
📈 Eightcap Inactivity Fees: No
💰 Eightcap Withdrawal Fees: Yes
💰 Eightcap Payment Methods: Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, Payoneer,
Eightcap Risk warning : Losses can exceed deposits
🤴 Instaforex is Used By: 10,000
⚡ Instaforex is Regulated by: Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with Instaforex: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with Instaforex: 144
📈 Instaforex Inactivity Fees:
💰 Instaforex Withdrawal Fees: varies
💰 Instaforex Payment Methods: Neteller, Credit cards, Debit cards, Bank wire, PayCo, BitCoin, LiteCoin, Tether, Bank Transfers,
Instaforex Risk warning : Your capital is at risk
🤴 Forexite is Used By: 10,000
⚡ Forexite is Regulated by: Belize's International Financial Services Commission (IFSC)
💵 What You Can Trade with Forexite: Forex, Commodities, Indices, Stocks, Crypto, Futures, CFDs
💵 Instruments Available with Forexite: 110
📈 Forexite Inactivity Fees:
💰 Forexite Withdrawal Fees: varies
💰 Forexite Payment Methods: Bank Transfer, Credit cards, Skrill, Neteller,
Forexite Risk warning : Your capital is at risk
🤴 IFC Markets is Used By: 10,000
⚡ IFC Markets is Regulated by: British Virgin Islands Financial Services Commission (BVI), Labuan Financial Services Authority
💵 What You Can Trade with IFC Markets: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with IFC Markets: 143
📈 IFC Markets Inactivity Fees:
💰 IFC Markets Withdrawal Fees: $30
💰 IFC Markets Payment Methods: Credit cards, Debit cards, Bank Transfers, Electronic wallets (eWallets), Skrill, Neteller, Internal Transfer, Bitcon, Perfect Money, Pasargad Novin, TopChange, Bitwallet, Neteller, WebMoney,
IFC Markets Risk warning : Your capital is at risk
🤴 SogoTrade is Used By: 10,000
⚡ SogoTrade is Regulated by: Financial Industry Regulatory Authority (FINRA)
💵 What You Can Trade with SogoTrade: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with SogoTrade: 205
📈 SogoTrade Inactivity Fees: Yes
💰 SogoTrade Withdrawal Fees: No
💰 SogoTrade Payment Methods: Credit cards, Skrill, Neteller, Bank Transfer,
SogoTrade Risk warning : Your capital is at risk
🤴 FXGrow is Used By: 10,000
⚡ FXGrow is Regulated by: Cyprus Securities and Exchange Commission (CySEC) CIF license number 214/13
💵 What You Can Trade with FXGrow: Forex, Majors, Indices, UK Stocks, UK Stocks, Energies, Metals,
💵 Instruments Available with FXGrow: 100
📈 FXGrow Inactivity Fees: No
💰 FXGrow Withdrawal Fees: No
💰 FXGrow Payment Methods: Credit cards, Bank Transfer, Neteller, Skrill,
FXGrow Risk warning : Your capital is at risk
🤴 STForex is Used By: 10,000
⚡ STForex is Regulated by: Financial Commission (FinaCom)
💵 What You Can Trade with STForex: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with STForex: 209
📈 STForex Inactivity Fees:
💰 STForex Withdrawal Fees: varies
💰 STForex Payment Methods: PayPal, Skrill, Neteller, Bank Transfer,
STForex Risk warning : Your capital is at risk
🤴 FXDD is Used By: 10,000
⚡ FXDD is Regulated by: Malta Financial Services Authority (MFSA), Mauritius Financial Services Commission (MFSC)
💵 What You Can Trade with FXDD: Forex, Majors, Metals, ETFs,
💵 Instruments Available with FXDD: 100
📈 FXDD Inactivity Fees:
💰 FXDD Withdrawal Fees: No
💰 FXDD Payment Methods: Bank transfer, Cheque,
FXDD Risk warning : Losses can exceed deposits
🤴 FX Choice is Used By: 10,000
⚡ FX Choice is Regulated by: International Financial Services Commission (IFSC)
💵 What You Can Trade with FX Choice: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with FX Choice: 117
📈 FX Choice Inactivity Fees:
💰 FX Choice Withdrawal Fees: varies
💰 FX Choice Payment Methods: Visa, Mastercard, Skrill, Neteller, Cryptocurrencies, Bank Transfer,
FX Choice Risk warning : Your capital is at risk
🤴 TeleTrade is Used By: 50,000
⚡ TeleTrade is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
💵 What You Can Trade with TeleTrade: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with TeleTrade: 221
📈 TeleTrade Inactivity Fees: Yes
💰 TeleTrade Withdrawal Fees: varies
💰 TeleTrade Payment Methods: MoneyBookers, Skrill, Visa, Mastercard, Neteller, Internal Transfer, China Unionpay,
TeleTrade Risk warning : Your capital is at risk
🤴 FreshForex is Used By: 10,000
⚡ FreshForex is Regulated by: Commission for the regulation of relations on the financial market (KROUFR), The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN)
💵 What You Can Trade with FreshForex: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with FreshForex: 116
📈 FreshForex Inactivity Fees:
💰 FreshForex Withdrawal Fees: 5$
💰 FreshForex Payment Methods: Visa, Mastercard, Webmoney, Skrill, Neteller, Cryptocurrences, Internet Banking, Mobile Payments,
FreshForex Risk warning : Your capital is at risk
🤴 ForexTime is Used By: 10,000
⚡ ForexTime is Regulated by: Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911
💵 What You Can Trade with ForexTime: Forex, Minors, Majors, Exotics, Metals, ETFs,
💵 Instruments Available with ForexTime: 100
📈 ForexTime Inactivity Fees: Yes
💰 ForexTime Withdrawal Fees: Yes
💰 ForexTime Payment Methods: Credit cards, Bank Transfer, Neteller, PerfectMoney, WebMoney, UnionPay, CashU, Payza, QIWI, Debit cards, Payoneer,
ForexTime Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.
🤴 OctaFX is Used By: 30,000
⚡ OctaFX is Regulated by: Unregulated
💵 What You Can Trade with OctaFX: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with OctaFX: 50
📈 OctaFX Inactivity Fees: No
💰 OctaFX Withdrawal Fees: No
💰 OctaFX Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Fasapay, UnionPay, Bitcoin, BCA, Mandiri, BNI, BRI, FasaPay,
OctaFX Risk warning : Losses can exceed deposits
MT4 offers Canada traders access to a list of technical trading tools which help analysis and spotting trends.
When used correctly, an expert adviser, which is made up of sophisticated scripts, can be a data-driven tool that can increase a trader's activity levels. Expert adviser support is simple in MT4, which means a trader can add and delete them at any time.
Canada Forex traders can use advanced platforms like MetaTrader 4 to trade. This software is becoming increasingly popular in Canada.
MT4 was created with Canada forex traders in mind, and its features and capabilities reflect that. MT4 is one of the most popular Forex trading software platforms for Canada traders. Contract-for-difference (CFD), stock, and futures trading are all possible with MT4.
The MT4 server is far more advanced than some other Forex platforms, in the rest of the industry. MT4 can handle tens of thousands of Canada trades at once. Canada MT4 trader computer resources needed are at a minimum. Even with a poor internet bandwidth, the MT4 requires relatively little resources from your computer and performs well.
The initial deposit amount in Canada CAD currency differs from one Canada MT4 broker to the next. Amounts as low as 0 to 100 CAD can be used as a minimum.
MetaTrader is available for download to Canada traders and use at no cost. Additional plugins, data and features may have an additional cost to Canada traders. MetaTrader is a famous trading platform that has been available since 2005.
The Canada MT4 forex broker will charge a commission per trade or a spread in exchange for executing buy or sell orders. Canada MT4 Forex brokers make their money in this manner. The spread is the difference between the trade's bid and ask prices.
MetaTrader 4 is a secure platform for Canada traders. While making investments and trades using the platform, it encrypts all data between the Canada trader and the server and hides your IP address.
MT4 is good for beginner Canada Forex traders. MT4 is an excellent Canada forex trading platform; it is user-friendly and offers a variety of features, including automatic trading, multiple chart configuration with integrated and easy-to-use charts, and more than 100 pre-installed indicators.
MT4 is software, your outstanding balance is with your Canada MT4 broker. You can fund or withdraw from your Canada MT4 account by login into your Canada MT4 broker dashboard. You can also use your other Canada MT4 Forex accounts to transfer funds to and from your MT4 account.
All reputable well regulated Canada MT4 Forex brokers will offer demo accounts allowing you to trade virtually using demo money, with no risk. A Canada MT4 Forex demo account requires no real capital outlay, only a real Canada MT4 account requires funding before you can start trading.
Scams involving the MT4 MetaTrader platform have nothing to do with the platform software itself; Metatrader is not a fraud Forex trading software platform in itself. MT4 is 3rd party software used by companies offering financial market trading services. Check to see if your MT4 Forex broker in Canada is well-regulated. It's a good sign if a Canada MT4 Forex broker is regulated in various European nations. On the regulator's website, see if your Canada MT4 Forex broker is regulated.
It takes an average of one year for Canadian MT4 Forex Traders learn how to trade. The technical side can be picked up in a matter of weeks for some, but risk management will take over year to fully understand. The vast majority of Canada traders give up before ever learning to trade properly. The more experienced you are as a Canada MT4 Forex trader, the more likely you are to be able to limit your risks.
Canada Forex trading is less regulated than stock trading, and Canada Forex traders are able to access leverage. Instead of trading a real single stock, Canada Forex trading uses currency pairs, which means the Canada Forex trade with the Canada MT4 broker is based on the performance of two country economies.
Stock movement is riskier and harder to anticipate than Canada currency trading on MT4. Canada Stock investors use the fundamentals of a company's stock to estimate future values, but the value of a country's currency is influenced by a number of other factors. Forex trading requires skill and experience from Canada traders.
For Canada MT4 Forex traders new to trading you should not use any leverage. Leverage is considered high risk. For more experienced Canada MT4 traders a 1:10 leverage and a $5,000 USD balance. Leverage greater than 1 to 10 is very high risk and you should clearly understand what you are doing.
Canada Forex trading is sometimes misunderstood as a simple way to make money, it is not. Forex trading for Canada MT4 traders is complex but can be rewarding once you gain experience. Although the Canada and global foreign exchange market is the world's largest and most liquid, trading currency is not the same as trading equities or commodities. You will need to invest the time in learning how the currency markets work if you are to have any success as a Canadian MT4 Forex trader.
If Canada isn’t quite what you are looking for you can check out some of the best Canada alternatives below.
If you would like to see Canada compared against some of the best Canada MT4 Forex Broker alternatives available right now you can do so by clicking on the links below.