Best Automated Crypto Trading Platform

These brokers have platforms to trade crypto using algos

  • Eightcap - Best Forex Broker Overall For Crypto Traders
  • FP Markets - Top Broker For Scalping Crypto Markets
  • Fusion Markets - Great Broker With Cheapest Fees
  • TMGM - Best Broker For Range of Markets
Broker Review Our Rating Regulation Standard
EUR/USD
Spread
Standard
GBP/USD
Spread
Standard
AUD/USD
Spread
Raw
EUR/USD
Spread
Raw
GBP/USD
Spread
Raw
AUD/USD
Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage Visit Broker
75 FCA,ASIC,
CySEC,SCB
1.0 1.0 1.2 0.06 0.73 0.27 $3.50 143ms $100 40+ 250+ 30:1 500:1 Visit Site
80 ASIC,CySEC
FSCA,FSA-S,FSC-M
1.1 1.3 1.3 0.10 0.20 0.20 $3.00 225ms $100 70+ 10+ 30:1 500:1 Visit Site
70 FMA, VFSC
ASIC
1.0 1.32 1.11 0.10 0.42 0.21 $3.50 94ms $100 60+ 12+ 30:1 200:1 Visit Site
82 ASIC, VFSA, FSA-S 0.93 1.08 0.92 0.13 0.21 0.12 $2.25 79ms $0 90+ 10+ 500:1 500:1 Visit Site
 

What Are The Best Brokers For Crypto Traders?

The brokerages we reviewed below were chosen specifically for the depth of their cryptocurrency offerings, variety of automation and trading platforms and accessibility across provinces to Canadian traders.

1. Eightcap Best Forex Broker Overall For Crypto Traders

Eightcap

Forex Panel Score

75

Average Spread

EUR/USD = 0.06
GBP/USD = 0.73
AUD/USD = 0.27

Trading Platforms

MT4, MT5, TradingView, Capitalise.ai

Minimum Deposit

$100

Why We Recommend Eightcap

Eightcap is the top broker for crypto traders because of its wide selection of 90+ coins, including Bitcoin, XRP, and Ethereum, providing you with extensive choices. The broker’s automation tools like Capitalise.ai simplify the creation of automated strategies using AI to generate your strategies for MT4 without coding experience.

These tools integrate with MT4 to enhance your crypto trading. With extensive crypto choices and easy automation, Eightcap has everything crypto traders need.

Pros & Cons

  • Offers the most cryptocurrencies in Canada
  • Low average RAW spreads
  • Excellent strategy automation tools
  • Limited range of markets
  • Need a minimum deposit
  • Customer support isn’t 24/7

Broker Details

Eigthcap has nearly 100 cryptos to trade

Eightcap separates itself from most other brokers on the list due to the large range of crypto pairs they offer. In addition to crypto, they have a good range of other CFD products and trading platforms.

Eightcap Trading Platforms

The breadth and depth of its platform offerings set Eightcap apart from the competition. In addition to popular standbys Broker For MT4 and MetaTrader5, Eightcap also allows crypto traders with a Standard account to open and close positions using TradingView however note that TradingView does not allow automation. Capitalise.ai is another trading platform option in its own right and is especially suited to automated trading since you can create hundreds of algos with no coding knowledge. Alternatively, crypto enthusiasts have the option to trade via the BK Crypto Crusher platform, which offers crypto traders a unique dashboard complete with advanced trading tools and ideas for crypto trading strategies.

eightcap trading platform

 

For those seeking to Automated Trading App their trading, Eightcap has the necessary integrations to develop, test and launch social trading, copy trading or algorithmic trading strategy. Capitalise.ai ensures that any trader can design custom automation through its proprietary code editor, while those exploring algorithmic trading have access to The Amazing Trader and its powerful, pre-made trading tools. MetaTrader4 users have the option to track the market with MetaTrader Signals for a social or copy trading approach.

Eightcap Account Types

Eightcap offers Canadian crypto traders the option of two different account types: Standard and Raw. These two types of accounts are more designed for forex traders since traders can choose between a commission and no commission accounts with forex, crypto trading products are spread only products. That said if you wish to use TradingView, you will need to use a Standard Account.

eightcap account crypto products

Regardless of which account you use; when it comes to forex both operate on a no-dealing desk model and execute trades at ECN-like speeds. The Standard account variable spread starts at 1.0 pips, while the Raw account offers a tight 0.0 pips when forex trading.  Eightcap Standard account users pay no fees or commissions – just the spread. Raw account holders, however, will owe a commission of CAD$7.00 per round-turn trade for every 100K lot.

When it comes to Crypto trading, spreads for Bitcoin start at 12 however due to the highly volatile nature of crypto, average spreads are much higher.

Eightcap Crypto Products

Canadian crypto traders have access to over 86 cryptocurrencies through Eightcap, including Bitcoin (BTC), Cardano, Dogecoin (DOGE) and Solana. Spreads for direct trading start at 12 for Bitcoin – one of the lowest of any broker we reviewed – to 0.45 for Ethereum (ETH). Crypto CFDs are also available.

eigthcap Cryptocyrrencies

 

Eightcap ReviewVisit Eightcap

2. TMGM Best Broker For Range of Markets

TMGM

Forex Panel Score

70

Average Spread

EUR/USD = 0.1
GBP/USD = 0.42
AUD/USD = 0.21

Trading Platforms

MT4, MT5

Minimum Deposit

$100

Why We Recommend TMGM

While it’s not CIRO-regulated, it accepts Canadian traders, providing higher leverage (1:500 vs. CIRO’s 1:30). This higher leverage is ideal for automated crypto trading as it lowers your margin requirements, enabling you to capitalize on market movements and potentially enhances your ROI.

On top of the leverage, TMGM offers a large range of 12,000 markets, allowing you to switch from crypto to forex, stocks, commodities, or indices. Letting you trade a range of markets, across multiple time zones, with one trading account.

Pros & Cons

  • Decent choice of cryptocurrencies
  • Offers 1:500 leverage
  • Low trading fees
  • Is not CIRO regulated
  • Lacks educational resources
  • Has a minimum deposit requirement

Broker Details

TMGM Offers the Highest Leverage with MetaTrader 4 to Automate Trades

TMGM uses the MT4 platform to provide traders access to the markets through their excellent ECN services. The MT4 platform is one of the best options if you want an automated crypto trading platform for its ability to use Expert Advisors to execute your trades or protect your open positions. You also get access to high-leverage and 15+ crypto markets, making TMGM an attractive choice if you want a higher-leverage broker to trade cryptos.

Key Strengths

  • Fast Execution Speeds with ECN/STP
  • Higher leverage available for Canadians
  • Low trading fees
  • Free VPS access for 24/7 trading

TMGM Offers an Automated Crypto Trading Platform with High Leverage

In Canada, leverage is capped to 1:50 by the CIRO, meaning you need more funds in your account to meet the higher margin requirements. Unless you want to trade cryptocurrencies with high leverage, then you should choose TMGM as your broker, which is regulated by the VFSC entity that allows Canadian traders to trade with leverage up to 1:20 on crypto markets (they allow up to 1:500 on the forex markets). With a choice of 20 of the most popular cryptocurrencies worldwide and high leverage, TMGM is our top choice for high-leverage crypto trading.

To take advantage of the leverage, you can use the MetaTrader 4 platform to automate your crypto trades. The MT4 platform uses Expert Advisors (EAs), which are programmable robots that can execute your trading strategies by the rules you set them. So if you are an algo trader, then you can easily transition your strategies with the MT4 platform to trade Crypto.

Automating your crypto trading can be helpful because you can take advantage of the fact that crypto markets never close, so your EA can run 24/7 executing your strategies in all timezones, helping you trade in more liquid time zones like the European trading sessions.

What we like about TMGM is that they offer a free VPS service if you deposit at least $3,000 when you open an account. This is helpful for algo traders because the VPS allows you to install your Expert Advisors so you can run them 24/7 without having to have your own computer turned on. You just log into the VPS remotely to monitor your EAs and your trading, and this is the best way to take advantage of the crypto markets 24/7 trading times.

Crypto Products & Spreads

TMGM has 20 cryptocurrency markets available to trade which includes the most popular cryptos like Bitcoin, Ethereum, and XRP. You can trade these markets 24/7, so if you like to trade in your spare time (outside of working hours), then you can take advantage of the crypto markets with TMGM, unlike the forex and stock markets which close for the weekend.

Naturally, Cryptocurrencies are seen as a high-risk asset, so most brokers (including TMGM) have the leverage capped at 1:20.

The broker offers two trading accounts which allow trading crypto, and these are the classic and Edge accounts. These accounts normally offer different pricing structures for the forex markets, yet when it comes to focusing on the crypto markets, both accounts offer the same pricing (spread-only model). So no matter which account you choose, you receive the same benefits, and you’ll only be paying the spread charged (this includes the Edge account, which is normally charged a commission to trade).

TMGM offers competitive spreads from 2.1 pips with no commissions on the crypto markets. You’ll find that popular cryptos such as Bitcoin have a typical spread of 3.1 pips and Ethereum at 4.0 pips.

Unlike crypto trading platforms such as Coinbase and Kraken (and their accounts like Coinbase Pro), TMGM is a regulated broker that offers investor protection and the trading of other financial instruments.

Our Verdict on TMGM

You can access a solid range of cryptocurrencies on TMGM with competitive spreads and high leverage, making crypto trading more accessible for retail traders. Through the MT4 platform and TMGM’s VPS service, the broker offers you a top solution to automate your trades 24/7 if you are an algo trader. With these benefits, TMGM is our best broker for high leverage on MetaTrader 4.

3. Fusion Markets Great Broker With Cheapest Fees

Fusion Markets

Forex Panel Score

82

Average Spread

EUR/USD = 0.13
GBP/USD = 0.21
AUD/USD = 0.12

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit

$0

Why We Recommend Fusion Markets

Our tests show Fusion Markets is the most budget-friendly broker out there. In testing, the average RAW account spread was 0.22 pips on EUR/USD, only charging $2.25 per lot commission. That’s a fraction of the $7 per lot other brokers typically charge.

With fees this low, your automated crypto strategies can maximize your potential profit margins. Fusion Markets supports MT4 and MT5 platforms, allowing you to utilize Expert Advisors for automated strategies while reducing costs.

Pros & Cons

  • The lowest commissions from $2.25 per lot
  • Fast execution speeds at 77ms
  • Great choice of trading tool
  • Lacks TradingView
  • Not the largest market choice
  • Has inactivity fees

Broker Details

Fusion Markets Has MT4 and MT5 for crypto trading

Fusion is primarily a forex broker known for its low commission fees when trading forex. The broker however does offer a good range of cryptos that you can automate your trading using expert advisors through the MetaTrader 4 and 5 platforms.

Fusion Markets Trading Platforms

One way Fusion Markets passes saving on to traders? Foregoing a proprietary trading platform in favour of MetaTrader4 and MetaTrader5. If it’s not broken, as the saying goes, then why fix it?

Crypto traders seeking to automate their trading strategies can use the internal code editor, MetaEditor, included in the MetaTrader4 trading terminal to develop and test their own Expert Advisors using custom technical indicators and scripts. Minimal coding know-how? No problem. Both trading platforms include detailed tutorials to help novices gain familiarity with the MQL5 and MQL4 languages. And because developer Meta Quotes has released the source code, third-party integrations apps and robots to facilitate automated trading abound. Even better, MetaTrader 4 supports integrations designed to automatically hedge positions, allowing traders to outsource risk management.

For those with advanced coding skills, MetaTrader4’s Python package allows for integration with MetaTrader5 for even more powerful technical indicators and trading analytics.

VPS hosting ensures that any expert advisors or bots have high-speed, low-latency access to the market, no matter what time of day.

fusion markets trading platforms

Fusion Markets Account Types

Canadian crypto traders who opt for Fusion Markets can choose between a Classic and a Zero account. In truth, it won’t matter which trading account you choose unless you wish to trade forex where commission costs may apply. Both account types operate on a no-dealing desk model and execute trades at ECN-like speeds using straight-through processing. The Classic account variable spread starts at 0.8 pips, while the Zero account goes as low as 0.0 pips.

Fusion Markets Classic account holders pay only the spread – no fees or commissions. Zero account holders, however, pay a commission of CAD$6.00 per round-turn trade for every 100K lot.

Fusion Markets does not accept clients from Ontario.

Fusion Markets Crypto Products

Canadian crypto traders will find the broker’s range of crypto offerings compelling, particularly in light of the generous leverage: 5:1 for major cryptocurrencies, including Litecoin, Bitcoin (BTC) and Ethereum (ETH). Fusion Markets also allows the trading of crypto CFDs.

fusion markets crypto products

While the range is not as extensive as with Eightcap, they still offer all the most popular cryptos for trading vs USD.

4. FP Markets Top Broker For Scalping Crypto Markets

FP Markets

Forex Panel Score

80

Average Spread

EUR/USD = 0.1 GBP/USD = 0.2 AUD/USD = 0.1

Trading Platforms

MT4, MT5, cTrader, TradingView

Minimum Deposit

$100

Why We Recommend FP Markets

We like FP Markets because they impressed in our tests, achieving zero-pip spreads 97.83% of the time, saving you money on the spread. This is why we recommend FP Markets for scalpers, as not paying a spread allows you to squeeze out more profit from your trades.

The broker has a wide range of trading platforms (such as MetaTrader 4, MetaTrader 5, cTrader and TradingView) that allow you to automate your trades. You also have a decent selection of cryptocurrencies from Bitcoin to Solana to scalp on too.

Pros & Cons

  • Offers zero-spreads
  • Has a good choice of trading platforms
  • Good choice of crypto markets
  • Requires a minimum deposit
  • IRESS platform unavailable in Canada
  • The mobile trading app lacks any features