Best Canadian Forex MT4 Brokers

The Best Brokers Offering MetaTrader 4 to Canadian Traders


TMGM
Fusion Markets
Eightcap
Forex.com
Oanda
Our Rating
8.33
8.17
8.50
7.28
7.33
TMGM don't provide % of clients who lose money
Lowest Commissions
Eightcap don't provide % of clients who lose money
72% of retail investor accounts lose money when trading CFDs
76.6% of retail investor accounts lose money when trading CFDs

Regulations and Licenses

Feature
TMGM
Fusion Markets
Eightcap
Forex.com
Oanda
IIROC (Canada)
Other Regulators

Brokerage

Feature
TMGM
Fusion Markets
Eightcap
Forex.com
Oanda
EUR/USD Avg. Raw Spread
0.10
0.02
0.06
-
-
GBP/USD Avg. Raw Spread
0.42
0.09
0.73
-
-
AUD/USD Avg. Raw Spread
0.21
0.50
0.27
-
-
EUR/USD Standard Spread
1
-
1.06
1.30
1.1
EUR/USD Fixed Spreads
-
-
-
-
-
Commissions (USD Base)
$3.50
$2.25
$3.50
$2.00-$6.00
$3.50
Minimum Deposit
$100
$0
$250 (Raw)
$500 (Standard)
$100
$0
Swap Free Account
No Inactivity Fees
Funding Methods
5+
12+
8+
4+
6+
No Funding Fees

Markets and Instruments

Feature
TMGM
Fusion Markets
Eightcap
Forex.com
Oanda
Currency Pairs
60+
90+
40+
80+ (Standard Account)
58+ (DMA)
70+
Cryptocurrency CFDs*
12+
8+
250+
8+
4+
Index CFDs
15+
10+
10+
15+ (Standard Account)
16+
Share CFDs
12,000+
-
400+
220+ (Standard Account)
-
Commodities CFD
5+
16+
4+
26+
34+
Stockbroking
-
-
-
-
-
Retail Max. Leverage (Canada)
-
-
-
Major Pairs 33:1
Minor Pairs 17:1
Major Pairs 50:1
Minor Pairs 33:1
Retail Max. Leverage (With offshore regulators)
500:1
500:1
500:1
Major Pairs 200:1
Minor Pairs 100:1
100:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
TMGM
Fusion Markets
Eightcap
Forex.com
Oanda
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Servers in Tokyo TY3
Industry low commission fees
Low ECN Spreads
Owned by Capital Gains
Fast Execution

Overall

TMGM
Fusion Markets
Eightcap
Forex.com
Oanda