Best MT4 Forex Brokers Canada

Adam Rosen - Lead financial writer

Updated 19-May-2022

Canada MT4 Forex Brokers

MetaTrader 4, abbreviated as MT4, is an electronic trading platform popular among Canadians 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 Canadians Forex traders with trading access to worldwide financial markets not just Forex.

Best MT4 Forex Brokers Canada Table Of Contents

  • Roboforex MT4 Forex Broker Canada

    Visit Roboforex

    🀴 Roboforex is Used By: 10,000
    ⚑ Roboforex is Regulated by: Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with Roboforex: 100

    πŸ“ˆ Roboforex Inactivity Fees: No
    πŸ’° Roboforex Withdrawal Fees: Yes
    πŸ’° 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

  • IC Markets MT4 Forex Broker Canada

    Visit IC Markets

    🀴 IC Markets is Used By: 180,000
    ⚑ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with IC Markets: 232

    πŸ“ˆ IC Markets Inactivity Fees: No
    πŸ’° IC Markets Withdrawal Fees: No
    πŸ’° IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,

    IC Markets Risk warning : Losses can exceed deposits

  • Pepperstone MT4 Forex Broker Canada

    Visit Pepperstone

    🀴 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

    πŸ’΅ What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Pepperstone: 100

    πŸ“ˆ Pepperstone Inactivity Fees: Yes
    πŸ’° Pepperstone Withdrawal Fees: No
    πŸ’° 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

  • FP Markets MT4 Forex Broker Canada

    Visit FP Markets

    🀴 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)

    πŸ’΅ What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with FP Markets: 100

    πŸ“ˆ FP Markets Inactivity Fees: No
    πŸ’° FP Markets Withdrawal Fees: No
    πŸ’° 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

  • FXPrimus MT4 Forex Broker Canada

    Visit FXPrimus

    🀴 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)

    πŸ’΅ What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, UK Stocks, Energies, Metals,
    πŸ’΅ Instruments Available with FXPrimus: 130

    πŸ“ˆ FXPrimus Inactivity Fees: No
    πŸ’° FXPrimus Withdrawal Fees: Varies
    πŸ’° 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

  • NordFX MT4 Forex Broker Canada

    Visit NordFX

    🀴 NordFX is Used By: 10,000
    ⚑ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

    πŸ’΅ What You Can Trade with NordFX: Forex, Majors, Metals,
    πŸ’΅ Instruments Available with NordFX: 50

    πŸ“ˆ NordFX Inactivity Fees: No
    πŸ’° NordFX Withdrawal Fees: No
    πŸ’° NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,

    NordFX Risk warning : Losses can exceed deposits

  • HYCM MT4 Forex Broker Canada

    Visit HYCM

    🀴 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

    πŸ’΅ What You Can Trade with HYCM: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with HYCM: 100

    πŸ“ˆ HYCM Inactivity Fees: Yes
    πŸ’° HYCM Withdrawal Fees: No
    πŸ’° HYCM Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer,

    HYCM Risk warning : Losses can exceed deposits

  • Swissquote MT4 Forex Broker Canada

    Visit Swissquote

    🀴 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)

    πŸ’΅ What You Can Trade with Swissquote: Forex, Minors, Majors, Exotics, Indices, UK Stocks, UK Stocks, Pennystocks, Energies, Metals, Bonds,
    πŸ’΅ Instruments Available with Swissquote: 100

    πŸ“ˆ Swissquote Inactivity Fees: No
    πŸ’° Swissquote Withdrawal Fees: $10
    πŸ’° Swissquote Payment Methods: Credit cards, Debit cards, Bank Transfer, Payoneer,

    Swissquote Risk warning : Losses can exceed deposits

  • Eightcap MT4 Forex Broker Canada

    Visit Eightcap

    🀴 Eightcap is Used By: 10,000
    ⚑ Eightcap is Regulated by: Australian Securities and Investments Commission (ASIC), Vanuatu Financial Services Commission (VFSC)

    πŸ’΅ What You Can Trade with Eightcap: Forex, Minors, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Eightcap: 100

    πŸ“ˆ Eightcap Inactivity Fees: No
    πŸ’° Eightcap Withdrawal Fees: Yes
    πŸ’° Eightcap Payment Methods: Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, Payoneer,

    Eightcap Risk warning : Losses can exceed deposits

  • IFC Markets MT4 Forex Broker Canada

    Visit IFC Markets

    🀴 IFC Markets is Used By: 10,000
    ⚑ IFC Markets is Regulated by: British Virgin Islands Financial Services Commission (BVI), Labuan Financial Services Authority

    πŸ’΅ What You Can Trade with IFC Markets:
    πŸ’΅ Instruments Available with IFC Markets: 143

    πŸ“ˆ IFC Markets Inactivity Fees:
    πŸ’° IFC Markets Withdrawal Fees: $30
    πŸ’° 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

  • FXDD MT4 Forex Broker Canada

    Visit FXDD

    🀴 FXDD is Used By: 10,000
    ⚑ FXDD is Regulated by: Malta Financial Services Authority (MFSA), Mauritius Financial Services Commission (MFSC)

    πŸ’΅ What You Can Trade with FXDD: Forex, Majors, Metals, ETFs,
    πŸ’΅ Instruments Available with FXDD: 100

    πŸ“ˆ FXDD Inactivity Fees:
    πŸ’° FXDD Withdrawal Fees: No
    πŸ’° FXDD Payment Methods: Bank transfer, Cheque,

    FXDD Risk warning : Losses can exceed deposits

  • Huobi MT4 Forex Broker Canada

    Visit Huobi

    🀴 Huobi is Used By: 10,000
    ⚑ Huobi is Regulated by: Japans Financial Services Agency (FSA)

    πŸ’΅ What You Can Trade with Huobi:
    πŸ’΅ Instruments Available with Huobi: 140

    πŸ“ˆ Huobi Inactivity Fees:
    πŸ’° Huobi Withdrawal Fees: varies
    πŸ’° Huobi Payment Methods: Cryptocurrency,

    Huobi Risk warning : Your capital is at risk

  • HF Markets MT4 Forex Broker Canada

    Visit HF Markets

    🀴 HF Markets is Used By: 10,000
    ⚑ HF Markets is Regulated by: Financial Conduct Authority (FCA)

    πŸ’΅ What You Can Trade with HF Markets:
    πŸ’΅ Instruments Available with HF Markets: 137

    πŸ“ˆ HF Markets Inactivity Fees:
    πŸ’° HF Markets Withdrawal Fees: varies
    πŸ’° HF Markets Payment Methods: Credit cards, Skrill, Neteller, Bitcoins, Bank Transfer,

    HF Markets Risk warning : Your capital is at risk

  • Hartleys Limited MT4 Forex Broker Canada

    Visit Hartleys Limited

    🀴 Hartleys Limited is Used By: 10,000
    ⚑ Hartleys Limited is Regulated by: Unregulated

    πŸ’΅ What You Can Trade with Hartleys Limited:
    πŸ’΅ Instruments Available with Hartleys Limited: 133

    πŸ“ˆ Hartleys Limited Inactivity Fees:
    πŸ’° Hartleys Limited Withdrawal Fees: varies
    πŸ’° Hartleys Limited Payment Methods: Credit cards, Skrill, Neteller,

    Hartleys Limited Risk warning : Your capital is at risk

  • Hantec Markets MT4 Forex Broker Canada

    Visit Hantec Markets

    🀴 Hantec Markets is Used By: 10,000
    ⚑ Hantec Markets is Regulated by: Financial Conduct Authority (FCA)

    πŸ’΅ What You Can Trade with Hantec Markets: Forex, Minors, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Hantec Markets: 132

    πŸ“ˆ Hantec Markets Inactivity Fees:
    πŸ’° Hantec Markets Withdrawal Fees: varies
    πŸ’° Hantec Markets Payment Methods: Credit cards, Skrill, Neteller, American Express,

    Hantec Markets Risk warning : Your capital is at risk

  • Grand Capital MT4 Forex Broker Canada

    Visit Grand Capital

    🀴 Grand Capital is Used By: 10,000
    ⚑ Grand Capital is Regulated by: Financial Commission (FinaCom)

    πŸ’΅ What You Can Trade with Grand Capital:
    πŸ’΅ Instruments Available with Grand Capital: 129

    πŸ“ˆ Grand Capital Inactivity Fees:
    πŸ’° Grand Capital Withdrawal Fees: No
    πŸ’° Grand Capital Payment Methods: Credit cards, Skrill, Neteller,

    Grand Capital Risk warning : Your capital is at risk

  • GCI Financial LLC MT4 Forex Broker Canada

    Visit GCI Financial LLC

    🀴 GCI Financial LLC is Used By: 10,000
    ⚑ GCI Financial LLC is Regulated by: Unregulated

    πŸ’΅ What You Can Trade with GCI Financial LLC:
    πŸ’΅ Instruments Available with GCI Financial LLC: 126

    πŸ“ˆ GCI Financial LLC Inactivity Fees:
    πŸ’° GCI Financial LLC Withdrawal Fees: No
    πŸ’° GCI Financial LLC Payment Methods: Credit cards, Skrill, Neteller,

    GCI Financial LLC Risk warning : Your capital is at risk

  • FX Open MT4 Forex Broker Canada

    Visit FX Open

    🀴 FX Open is Used By: 10,000
    ⚑ FX Open is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with FX Open: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with FX Open: 100

    πŸ“ˆ FX Open Inactivity Fees: Yes
    πŸ’° FX Open Withdrawal Fees: Yes
    πŸ’° FX Open Payment Methods: Credit Cards, Bank Transfer, Neteller, Bitcoin, PerfectMoney, WebMoney, UnionPay, FasaPay, Payza, QIWI, SOFORT, Giropay, Debit cards,

    FX Open Risk warning : Your capital is at risk

  • FXGrow MT4 Forex Broker Canada

    Visit FXGrow

    🀴 FXGrow is Used By: 10,000
    ⚑ FXGrow is Regulated by: Cyprus Securities and Exchange Commission (CySEC) CIF license number 214/13

    πŸ’΅ What You Can Trade with FXGrow: Forex, Majors, Indices, UK Stocks, UK Stocks, Energies, Metals,
    πŸ’΅ Instruments Available with FXGrow: 100

    πŸ“ˆ FXGrow Inactivity Fees: No
    πŸ’° FXGrow Withdrawal Fees: No
    πŸ’° FXGrow Payment Methods: Credit cards, Bank Transfer, Neteller, Skrill,

    FXGrow Risk warning : Your capital is at risk

  • ActivTrades MT4 Forex Broker Canada

    Visit ActivTrades

    🀴 ActivTrades is Used By: 10,000
    ⚑ ActivTrades is Regulated by: Financial Conduct Authority (FCA), The Securities Commission of the Bahamas (SCB)

    πŸ’΅ What You Can Trade with ActivTrades: Forex, Minors, Majors, Exotics, Indices, UK Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
    πŸ’΅ Instruments Available with ActivTrades: 100

    πŸ“ˆ ActivTrades Inactivity Fees: Yes
    πŸ’° ActivTrades Withdrawal Fees: No
    πŸ’° ActivTrades Payment Methods: Credit cards, Bank Transfer, Neteller, SOFORT, Debit cards,

    ActivTrades Risk warning : 60% of retail CFD accounts lose money

What Is Canada MetaTrader 4 (MT4) Used For In Forex?

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.

What is the Canada minimum deposit for MetaTrader 4?

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.

Are Canada MT4 Forex Trading Platforms Free?

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.

How Do Canada MT4 Forex Traders Make Money?

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.

Is MT4 Safe For Forex Trading In Canada?

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.

Is MT4 Good For Beginnner Canada Forex Traders?

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.

How Do I Withdrawal Money From My Canada MT4 Forex Broker?

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.

Can I Practice Canada Forex Trading On MT4?

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.

How Do I Trade Forex On MT4 in Canada?

  1. Short List The Best Regulated Canada Forex Brokers
  2. Create a Canada MT4 Forex account
  3. Verify your Canada MT4 Forex account
  4. Fund Your Canada MT4 Forex Account
  5. Research Forex Pairs Using Technical Analysis
  6. Open a Forex Position
  7. Use Risk Management Tools like Stop Loss and Limit Orders
  8. Actively Monitor the Forex Markets
  9. Close Your Forex Positions
  10. Withdraw Funds From your Canada MT4 Forex Broker

Are Canada MT4 Forex Brokers A Scam?

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.

What Are The Risks Of Canada MT4 Forex Trading?

  • Canada and Worldwide Forex Exchange rates are very volatile.
  • Some Canada MT4 Forex Brokers Offer Limited Risk Management
  • There are many Forex scams
  • Canada MT4 Forex broker tranaction delays can affect profits and loss.
  • Forex markets are greatly affected by market trends and global news.

How Does It Take To Learn To Trade Forex On A Canada MT4 Trading Platform?

It takes an average of one year for Canadians 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.

If Canada MT4 Forex Trading Better Than Stocks And Shares?

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.

What Leverage Is Best On Canada MT4 Forex Trading Platforms?

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.

Is Forex Trading On Canada MT4 Hard?

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 Canadians MT4 Forex trader.


Best Canada MT4 Forex Broker Reviews

If Canada isn’t quite what you are looking for you can check out some of the best Canada alternatives below.

Best Canada MT4 Forex Broker Alternatives Guides

If you would like to see Canada compared agains some of the best Canada MT4 Forex Broker alternatives available right now you can do so by clicking on the links below.