Metatrader is a popular forex trading platform and it is why many traders prefer its platform over others. Metatrade 5 is the newest version of metatrader and is the successor to Metatrader 4.
Canadians looking to trade on MT5 have little options but brokers do exist that offer the newer platform. We will go through the best metatrade 5 Forex brokers for Canadians.
List of Metatrader 5 Brokers For Canadians
| Broker Type | ECN, DMA |
| Regulations | ASIC, CySEC |
| Min Deposit | $100.00 USD |
| Account Base Currency | AUD, CHF, EUR, GBP, HKD, CNY, NZD, SGD, USD |
| Max Leverage | 1:500 |
| Trading Platforms | IRESS, Metatrader 4 and 5, MAM, PAMM |
| Markets | Forex, CFD’s, Shares, Crypto-currencies, Metals, Indicies, Equities |
| Broker Type | Market Maker |
| Regulations | ASIC, B.V.I, FSA, FFAJ, IIROC, FSCA |
| Min Deposit | $100.00 |
| Account Base Currency | USD EUR GBP AUD |
| Max Leverage | 400:1 / 30:1 For EU Clients |
| Trading Platforms | Metatrade 4/5, Web trading, AvaOptions, AvaTradeGO, Mobile trading, DupliTrade |
| Markets | Forex, Cryptocurrencies, CFD’s, ETFs, Commodities, Indices, Stocks, Bonds, over 1000+ assets to trade. |
| Broker Type | ECN |
| Regulations | FSCL and FSPR |
| Min Deposit | $200.00 |
| Account Base Currency | USD EUR GBP AUD NZD SGD CAD JYP ZAR |
| Max Leverage | 500:1 |
| Trading Platforms | Metatrader 4/5, mobile and web trading |
| Markets | Forex, CFD/Indices, Commodities, Metals, Energy |
What is MT5 (Metatrader 5)
MT5 or metatrader 5 is a free program for traders to trade forex and CFD’s using technical analysis tools and other trading features. Metatrader became very popular since the Mt4 version.
Now with the latest version 5 the main layout is unchanged and was released in 2011. MT5 has all the feature of version 4 plus many extra and more refined tools/features. The platform supports Expert Advisors, custom indicators, scripts and libraries.
It is compatible on web, IOS, Android and Windows. A high level of security is also a huge plus with 128-bit encryption of transferred data.
Can Canadians Trade with Metatrader 5?
Residents of Canada can most definitely trade with MT5. The toughest part for Canadians is finding a forex broker that allows residents of Canada to register with them.
We have searched the web and found the brokers mentioned above. All of which accept Canadians and offer metatrader 5 for their clients.
MT4 vs MT5
While some will argue the best platform, version 4 or 5, it really just comes down to the trader preference. There is not much to gain in the newer mt5 version over its successor.
If a trader is currently trading on mt4, in most cases they will find no need to upgrade to mt5. Many brokers still do not support Metatrader 5, so this is another reason why many stick with metatrader 4.
Some MT5 features include:
- Copy Trading
- Advanced auto Trading systems
- Technical Tools
- Wider selection of asset classes
- Analytic tools
- Specific MT5 EA’s ( Expert advisors)
Full List of MT5 Brokers For Canadians
- AVATRADE
- fp markets
- FXChoice
- HYCM
- BlackBull Markets
Many Forex broker sites claim to have a list of brokers specifically for Canadians that accept metatrader 5. On closer inspections most of those brokers MAY offer mt5 but DO NOT accept Canadians. That is why we did the research and update our list constantly to make sure we have the most accurate mt5 list of brokers for residents of Canada.
