Best MT5 Brokers in Canada in 2025
Here are award-winning offshore MT5 brokers that stand out for Canadians in 2025, together with practical pointers to help you decide which one best suits your trading style and level of experience.
Finding a MetaTrader 5 (MT5) broker that ticks all the boxes for a Canadian trader can feel like threading a needle. Onshore, IIROC-regulated firms keep you on a tight leash - leverage rarely tops 1:50 and the instrument line-up is often limited. Go offshore, however, and you'll unlock up to 1:500 (or even 1:1,000) leverage, lower trading costs, across a wider selection of CFDs albeit with fewer protections.
Brokers we recommend
- Min. deposit: $100
- Platforms: MT4, MT5, TradingView, cTrader, Copy trading
- Regulators: Australia, Cyprus (EU), Kenya, Mauritius, South Africa, St. Vincent & the Grenadines
Trade over 1,000 instruments on flexible leverage up to 1:500 with FPMarkets.com, an ECN broker with a 20-year track record. FP Markets accepts all trading styles on MT4/5, TradingView and cTrader.
- Min. deposit: $50
- Platforms: MT4, MT5, Copy trading
- Regulators: Cook Islands
4xc.com is an offshore broker founded in 2018 by traders. Trade Forex, metals, oil and stocks with leverage up to 1:500. It accepts all trading styles and Expert Advisors on MT4/5.
- Min. deposit: $50
- Platforms: MT4, MT5, cTrader, Copy trading
- Regulators: Cyprus (EU), St. Vincent & the Grenadines
Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.org. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your account's balance.
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
| FP Markets | 4XC | LiteFinance | |
|---|---|---|---|
| Overall | 4.8 | 4.1 | 3.9 |
| Markets | 5.0 | 3.8 | 4.0 |
| Trading environment | 4.9 | 4.4 | 4.4 |
| Deposits and withdrawals | 5.0 | 4.5 | 4.2 |
| Investor protection | 4.0 | 3.0 | 2.0 |
| Customer service | 5.0 | 4.7 | 4.7 |
| FP Markets | 4XC | LiteFinance | |
|---|---|---|---|
| Forex (CFD) | |||
| Cryptos (CFD)* | |||
| Stocks (CFD) | |||
| Indices (CFD) | |||
| Metals (CFD) | |||
| Energy (CFD) | |||
| Commodities (CFD) | |||
| ETFs (CFD) | |||
| Bonds (CFD) |
* Availability is subject to local laws and regulations.
| FP Markets | 4XC | LiteFinance | |
|---|---|---|---|
| MT4 | |||
| MT5 | |||
| cTrader | |||
| Copy trading | |||
| TradingView |
| FP Markets | 4XC | LiteFinance | |
|---|---|---|---|
| Bank transfer | |||
| Credit card | |||
| Debit card | |||
| BTC (Bitcoin) | |||
| NETELLER * | |||
| Skrill * | |||
| Broker to broker transfer | |||
| USDT (Tether) |
* Availability is subject to local laws and regulations.
| FP Markets | 4XC | LiteFinance | |
|---|---|---|---|
| Australia | |||
| Cook Islands | |||
| Cyprus (EU) | |||
| Kenya | |||
| Mauritius | |||
| South Africa | |||
| St. Vincent & the Grenadines |
Why Canadians traders look offshore
- High Leverage: IIROC's caps on leverage constrain strategies that rely on tight margin. Offshore brokers like FP Markets and 4XC offer flexible leverage up to 1:500 with negative balance protection, while LiteFinance stretches up to 1:1,000.
- Range of Markets: You'll find everything from copper CFDs to Nasdaq-100 micro contracts, plus an ever-expanding selection of crypto-currencies offshore. In particular, FP Markets offers over 1,000 instruments through its MetaTrader 5 platform.
- MT5 Without Limitations: No FIFO, hedging bans or EA restrictions when you trade through any of the brokers reviewed in this guide - ideal for automated trading strategies and scalpers.
The flip side? You won't be covered by Canada's compensation scheme when you trade offshore. FP Markets, 4XC and LiteFinance all segregate client funds and offer negative balance protection on major asset classes, yet there's no safety net should the broker fail.
The best MT5 broker in Canada in 2025
FPMarkets.com is TrustedBrokers' 'Best MT5 Broker in Canada in 2025' with features that will appeal to beginners and intermediate to advanced traders alike. Here's why:
- True ECN Execution: Get raw spreads from 0 pips on its Raw account, plus US$3 commission per side; or zero-commission on its Standard account with spreads from 1 pip.
- Market Coverage: Access CFDs on 72 FX pairs, 1,000 stocks, 46 ETFs, metals, energies, indices, even bond CFDs. Few brokers match this breadth on MT5.
- Range of Platforms: Choose between MT4/5, cTrader and even TradingView. FP Markets will cover the cost of a low-latency NY-based VPS when you deposit over US $1,000 and meet low trading volume requirements.
- CAD Trading Account: Save big on currency conversion fees by opening a CAD-denominated trading account with FP Markets. No other offshore broker in our panel offers local funding.
- Education & Tools: Its educational content in the form of webinars, ebooks and lessons will appeal to beginners. Every live account includes complimentary trading signals from Trading Central.
However, you won't be able to open an account with FP Markets for regulatory reasons if you live in Ontario or British Colombia, in which case we'd recommend either LiteFinance or 4XC.
FAQs for Canadian MT5 traders
1. Is it legal to trade with offshore brokers?
Yes. IIROC rules don't prohibit Canadians from opening accounts abroad, but you are responsible for declaring profits on your Canadian tax return and complying with FINTRAC regulations.
2. How do I fund in CAD without conversion fees?
Open a CAD trading account on FPMarkets.com to avoid currency conversion fees. As 4xc.com and LiteFinance.org don't, deposit in USD via a multi-currency account (Wise, Revolut) to minimise FX fees.
3. Will I get margin calls sooner at 1:500?
Ironically, no - higher leverage means a lower initial margin. The risk lies in larger position sizing. Stick to a fixed percentage of equity per trade (e.g., 1 %) and set your stops wisely to avoid surprises.
Conclusion
Offshore MT5 brokers are a popular choice for Canadians seeking higher leverage and low fees. Weigh each broker's strengths against your goals, risk appetite and funding preferences, then open a small live or demo account to road-test spreads and execution before committing serious capital.
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About the author
I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person.