MetaTrader 5 (MT5) Brokers in Canada

The 3 brokers on this page, ranked

Ordered by score, highest first, among the three brands on our list with MetaTrader 5: all three scores come from our global testing.

1. FOREX.com
2. CMC Markets
3. AvaTrade

Which 3 brokers on our CIRO dealer list offer MT5 in Canada?

CIRO dealer member, CIPF member

1. FOREX.com

67.6/100

Global score

#1 of 3 on this page

FOREX.com review

Visit FOREX.com

Beside MetaTrader 5, its Canadian site names: FOREX.com web, FOREX.com mobile, FOREX.com desktop, TradingView and MetaTrader 4 (Standard account, per trading-costs page)

CIRO dealer member, CIPF member

2. CMC Markets

64.6/100

Global score

#2 of 3 on this page

CMC Markets review

Official site

Beside MetaTrader 5, its Canadian site names: CMC Markets web platform, CMC mobile app, MetaTrader 4 and TradingView (CMC platform accounts only)

Offered through Friedberg Mercantile Group Ltd.

3. AvaTrade

64.5/100

Global score

#3 of 3 on this page

AvaTrade review

Official site

Beside MetaTrader 5, its Canadian site names: WebTrader, MetaTrader 4, AvaOptions (desktop/iOS/Android), Mac trading (MT4 Mac/WebTrader) and Friedberg Direct / AvaTrade mobile app

MetaTrader 5 at the 3 brokers, side by side

The table puts pricing and platform side by side, and I want you to read them together. FOREX.com advertises EUR/USD “as low as 1.0” on its Standard account, CMC Markets from 0.5 pips, and AvaTrade 0.6 pips as its “standard spread,” all labelled advertised rather than measured. Each column also names the CIRO dealer member behind the brand, which matters more than the logo on the app. CMC Markets’ compare-accounts page (read October 7, 2026) says “you must create a separate standard or FXActive account” for MetaTrader 4 or 5, so your charting choice decides your account. FOREX.com notes that its minimum margin requirement on MetaTrader could be higher, which means more of your money is set aside to hold the same position.

All three brands here also name MetaTrader 4, and our MetaTrader 4 page adds OANDA and FXCM to the Canadian list.

The three CIRO dealer members behind these MT5 brands are GAIN Capital - FOREX.com Canada Ltd., CMC Markets Canada Inc., and Friedberg Mercantile Group Ltd., and our CIRO dealer members page shows each firm’s CIRO category, CIPF membership, the provinces it states, and any CIRO actions.

Each of the three brands here publishes a demo account and its deposit terms, which is what qualifies a brand for our best forex broker for beginners in Canada page, covering nine brands that come through eight CIRO dealer members.

Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by CIRO is regulated by the Canadian Investment Regulatory Organization.

CIRO and CIPF for the three brands with MetaTrader 5: the three dealer members in the table above are all in the CIRO dealer directory and all three on the CIPF member list, read September 26, 2026; each entry is on CIRO-Regulated Forex Brokers in Canada.

MT5 accounts by dealer

On its own pages, FOREX.com describes its MetaTrader 5 accounts in two different ways. FOREX.com’s trading-costs page (read October 7, 2026) puts MetaTrader 5 on both the Standard and the RAW Pricing account. Its trading accounts page (read October 7, 2026) lists a Standard account, a RAW Pricing account, and a separate “MetaTrader account” with its own “Open an MT5 Account” application. The RAW Pricing page (read October 7, 2026) prices EUR/USD “from 0.0” and says “Trade as little as one micro lot (1,000)”, the least you can trade on that account. FOREX.com’s popular FAQs state “The minimum initial deposit required is at least $100” and “we recommend you deposit at least $2,500” (read October 7, 2026), and neither figure names a currency. I would treat the “$100” as the requirement and the “$2,500” as guidance.

CMC Markets’ own pages disagree on FX Active for MT5. The FX Active page says “FX Active is available on the CMC platform and MT4” and also “a standard or FX Active account is available on the MT4/5 platforms”. CMC’s MetaTrader 5 page tells you to choose “a standard or FX Active” account and “Select MT5 as your platform” (both read October 29, 2026). I would confirm with CMC Markets Canada Inc. before opening FX Active for MT5. On the FX Active page (read October 29, 2026), EUR/USD is one of six pairs “with spreads from 0.0 pips”, and commission is charged at a fixed rate of 0.0025% per transaction. The funding FAQ says “There is no minimum deposit requirement” (read October 7, 2026). CMC’s trading platforms page warns that pricing and coverage are “not identical between MT5, MT4 and the CMC platform” (read October 7, 2026). A CMC price quoted for its own platform may not be your price on MT5.

AvaTrade’s Canadian trading platforms page (read October 29, 2026) lists MetaTrader 5. Its own pages give three EUR/USD figures: the product guide gives 0.6 pips (read October 29, 2026), the forex instrument index 0.5, and the forex page “as low as 0.9 pips” (both read October 12, 2026). The definition that makes 0.6 a standard spread comes from an earlier copy of the guide (read September 26, 2026): “Standard Spreads are as stated under Normal Market Conditions.” The product guide also states “AvaTrade does not charge commissions on any trade” (read September 26, 2026), so on these figures you pay the spread and no commission. AvaTrade’s own pages disagree on the minimum deposit. Its MetaTrader 5 page says “Deposit a minimum of $100”, while its support centre gives CAD 300 for a CAD account and USD 250 for a USD account (both read October 12, 2026). I would confirm the deposit with Friedberg Direct before opening an account.

FOREX.com’s MT5 demo page body says “90 days risk-free trading with $50,000 in virtual funds”, while its search description says “30 days” (read October 29, 2026). The firm’s demos “cannot be renewed”, and it allows one demo of each type per email address (read October 29, 2026). CMC’s demo FAQ says “you can keep your demo account open for as long as you like”. On CMC’s MetaTrader 5 page, “Demo accounts remain active as long as you log in to the MT5 platform at least once every 30 days” (both read October 29, 2026). An MT5 demo you leave unused that long may not stay active. AvaTrade’s help centre says “Demo accounts are active for 21 days”, while its demo page offers “an unlimited demo account with Friedberg” (read October 29, 2026). I’d confirm the length before a long MT5 practice run.

The questions below cover which dealer offers which brand, OANDA, the cost of MT5 at FOREX.com, and AvaTrade’s demo.