The online trading industry has advanced a lot in recent years, and today we have a lot of trading platforms. MetaTrader 4, MetaTrader 5, and proprietary platforms that different brokers offer are available. However, the one we will discuss here is MetaTrader 4 brokers Canada. It is a specific trading platform with unique features and benefits.
So, here you will come to know how choosing it can be a good decision for you and the most reliable online brokerages that provide MetaTrader 4 trading experience.
Best MT4 Brokers in Canada
|
CAD 150 Deposit |
100% Bonus |
Visit Site FXCC Canada | |
|
CAD 200 Deposit |
0% Bonus |
Visit Site BlackBull Markets Canada | |
|
CAD 150 Deposit |
50% Bonus |
Visit Site Easy Markets Canada | |
|
CAD 150 Deposit |
$40 Bonus |
Visit Site Avatrade Canada | |
|
CAD 150 Deposit |
0% Bonus |
Visit Site FXChoice Canada |
What are MetaTrader 4 Brokers Canada?
MetaTrader 4, also known as MT4, is software that provides an online trading platform. It was created and released in 2005, and since then, it has been one of the most famous trading platforms in the world of online trading. It brings all the tools and features that any trader will need from a broker, so providing MetaTrader 4 trading services is a good choice for brokers in Canada.
There are hundreds of brokers in Canada that provide different trading platforms. Some of them provide MetaTrader 4 platform, known as MetaTrader 4 brokers Canada.
Benefits of Meta Trader 4 Brokers Canada
Going with one of the MetaTrader 4 brokers Canada can benefit your trading experience. Here are a few benefits you will enjoy while using your MetaTrader 4 broker.
Real-time trading
The first benefit is that it allows access to the market in real-time. There will be no lag in the actual market rates and the rates you see on your screen. Additionally, whenever you close a trade at a specific rate, you will get the real-time rate, so the chances of gains increase with this better access to the market.
Better analysis tools
Analyzing the market is one of the most important things for any trader. With the MetaTrader 4 platforms, technical and fundamental analysis becomes easier for everyone. MetaTrader 4 comes with tools that are perfect for traders of all levels means that beginners and experts can evenly benefit from MetaTrader 4.
Higher flexibility
MetaTrader 4 brings flexibility when it comes to execution modes and trading orders. It means that any trader can implement the trading strategy of their choice. Thus, risk management becomes easier for traders while minimizing the risks.
Automation
Automation is one of the best things about MetaTrader 4. Automation works for you when you are not around. So, you never miss a trade. Any trader can create technical indicators and EAs according to their strategy., As soon as the market hits that indicator, the MetaTrader 4 platform will monetize the set strategy automatically.
Peace of mind
Lastly, MetaTrader 4 has better stability and security, resulting in peace of mind. Everything here is encrypted with a 129-bit key between client terminals. So, there are the least risks, minimal negative slippage, and other stability issues.
Top Canadian MT4 Brokers Reviewed
The following are the best 5 MetaTrader 4 brokers Canada that you can choose.
1. FP Markets
FP Markets is your MetaTrader 4 broker that brings the best peace of mind. It has been providing its services since 2005, so there are no safety and reliability issues. FP Markets offers a wide range of CFDs, including:
- Forex
- Indices
- Cryptocurrencies
- Shares
- Commodities, etc.
It provides top-notch services, which is why it has been an award-winning trading platform multiple times. It also brings commission-free trading options depending on the account type that you select. For the trades that have fees, FP Markets offers very competitive fees.
2. Fusion Markets
If you are looking for cheap trading options, you must go for Fusion markets. It brings low costs and low commissions, making it the best budget-friendly broker for everyone. Another attractive thing about Fusion Markets is that it does not charge any finding or inactivity fees, making it a feasible option for long-term investors and short-term traders.
On top of everything, you can set CAD as your base currency for the trading account. Doing so will bring additional savings as you will never have to pay for currency conversion rates.
3. AvaTrade
Next up on the list is AvaTrade, which is also an award-winning trading platform. Here you can trade in various options, including cryptocurrencies and Forex. AvaTrade is also a globally recognized platform for its reliable services due to regulations from several regulatory authorities across the globe.
While the leverage you get differs according to your location, it usually offers high leverage for a richer trading experience. AvaTrade provides fixed spreads on 55 currency pairs for a richer trading experience.
4. TMGM
TMGM brings a real-time, lightning-fast trading experience for you with its MetaTrader 4 and the combination of lightning-fast servers spread strategically across the globe. Thus, it enhances the trading experience while providing you with the best trading prices. TMGM provides lots of trading options with deep liquidity. It is also known for its top-notch customer service.
If you are a beginner, then TMGM might be the right option for you, considering its amazing research and educational resources and the TMGM academy.
5. LiteFinance
LiteFinance is a Russia-based broker that provides its MetaTrader 4 broker platform for Canadians. It has flexible leverage up to 1:500 and supports all trading styles. You can trade on a wide range of CFDs and markets with trading styles like scalping and news trading. The minimum deposit requirements are easy to meet, and you can get market execution without any requotes.
The best MetaTrader 4 Brokers Canada – Comparison
| Broker | Demo Account | IIROC regulation | Minimum Deposit |
| FP Markets | Available | No | $100 |
| Fusion Markets | Available | No | $0 |
| AvaTrade | Available | No | $100 |
| TMGM | Available | No | |
| LiteFinance | Available | No | $50 |
Whether you are beginning your trading journey or looking for a better platform, this comparison will be very helpful. Here you can easily check the reliability and other valuable things about the 4 best MetaTrader 4 brokers Canada.
Conclusion
Selecting the right trading platform is important according to your requirements. If you want the smoothest experience with peace of mind, flexibility, and automation, then going for MetaTrader 4 brokers Canada will be your best decision. So, set your requirements straight and go for the platform that brings you the best trading value and experience.