Best Metatrader 5 Brokers in Canada September 2025

Electronic fund transfers and Interac e-Transfers take 1-60 minutes, while wire transfers can take up to 5 business days. Netcoins is a crypto brokerage platform owned by BIGG Digital Assets, a public company listed on the CSE. On Coinbase Advanced, fees are up to 0.60% and are based on your trading volume. That said, Coinbase is known for its high fees, especially for smaller orders between $10-$10k. Thus, it may only be cost-effective for experienced, high-volume traders. As of this writing, over 900,000 Canadians have used the platform to trade more than $6 billion in digital assets.

Is Coinbase good for Canada?

• CoinSmart is a reputable crypto broker in Canada known for its advanced trading tools.
• This model enables Canadian traders to speculate on price movements of major asset classes without claiming physical ownership.
• To make an informed decision, traders should compare multiple technical, financial, and regulatory criteria.
• Most exchanges support major cryptos like BTC, ETH and SOL, but rare altcoins may be much harder to find.
• Whether traders are looking to execute advanced trading strategies or gain insights from technical analysis, CoinSmart offers the tools and features to support their needs.

However, if you’d like to use their OTC service for a large trade, then you’ll need a massive $200,000 minimum. They don’t offer a regular crypto exchange, but instead offer deep liquidity for people looking to make large trades. I find it the major advantage of Satstreet as an OTC crypto broker.

Most trading expenses are incurred through broker-defined costs rather than charges by Metatrader 5. Many Canadian traders select brokers offering Metatrader 5 due to its flexibility, reliability, and broad feature set, often surpassing what is available on most proprietary platforms. Then, conduct technical analysis to identify entry and exit points to execute your day trading cryptocurrency strategy. These cryptocurrency exchange platforms left or plan to exit the Canadian market due to tougher rules and guidelines issued by the CAS to enhance investor protection. Trading fees start at 0.075% and decrease based on your 30-day trading volume.

Bitbuy Crypto Exchange

If you’re just getting started with cryptocurrency, look for an easy-to-use platform with plenty of educational resources to help you understand this complex, rapidly developing market. The availability of coins alone isn’t sufficient if there are no trades happening. You’ll ideally want to verify that there’s sufficient trading volume in your target coins to ensure liquidity, so you can easily trade your coins and dollars. Compare the terms offered by the top brokers in Canada and select the optimal option that suits your requirements for comfortable and efficient trading. We have prepared a table highlighting the key parameters you need to consider when choosing a broker. The data is presented in a structured and user-friendly format, allowing you to quickly evaluate the terms and make an informed decision.

Buying ETFs in Canada Tool: The MoneySense ETF Screener

When you’re trading on your own, you don’t have to pay commission to anyone. A broker will likely charge commission, so you have to weigh the advantages listed above against the costs of such fees. Additionally, an unreputable crypto broker could cause you to lose money. A crypto broker serves as a middleman between the person buying and the person selling the cryptocurrency. The broker might also buy up a lot of cryptocurrency to sell on its own platform, making more of a direct seller. However, more often than not, the term “cryptocurrency broker” is used to refer to an intermediary.

Silver — Wealthsimple

Rates are decent and it doesn’t feel scammy like some others I’ve seen. Everything’s snappy and easy to find which makes checking positions on the go simple. Oh, and if you sign up through this unique link I found, you can get a $30,000 USDT bonus as a new user, which is a crazy good deal. It’s definitely worth taking advantage of, even if you’re just planning to dip your toes into crypto.

We look at factors like user experience, fees, payment methods, supported coins and more. NDAX is one of the safest cryptocurrency exchanges in Canada and has partnered with Ledger Vault, an institutional-grade digital asset security solution to bring the highest level of protection. Your assets are stored in multi-signature cold storage wallets or Canadian Crown-owned banks in segregated accounts. Since its launch, NDAX has never been hacked or compromised, unlike other Canadian exchanges that have been hacked in the past.

Brokers offer the most convenient and simplest method of purchasing digital currencies. Purchasing BTC, ETH, or altcoins from a broker is similar to purchasing from a shop. The broker will purchase the coins at wholesale rates before selling them on to you with their own margin added on top. They offer a fast, easy, and straightforward way to get into cryptocurrency trading with platforms that are easy to use and allow you to purchase cryptocurrency with your everyday cryptocurrency broker canada fiat currency. Their interface is clean and modern, making it great for beginners, and they offer 90+ popular cryptocurrencies, which is enough for most casual investors.

• Newton also covered network fees for withdrawal which is a significant advantage for its users.
• NDAX offers staking for select coins and features a convenient staking calculator.
• Coinbase is a beginner-friendly crypto trading platform that operates both a brokerage — Coinbase Prime — and an exchange — Coinbase Exchange.
• I ensure most crypto exchanges I recommend is registered with FINTRAC and follows Canadian regulations (the ones that do not are marked properly).
• There are no account or trading minimums; your cryptocurrency is held by a third-party custodian and is insured against theft.

What are Centralized Exchanges?

TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Binance has the cheapest fees to trade crypto to crypto in Canada between 0% and 0.1%. There is a further 25% discount for holding BNB tokens and trading with higher volumes.

Bitbuy is a locally owned and operated cryptocurrency exchange that was established in 2016 and is regulated by FINTRAC, an entity of the Federal Government of Canada. The platform offers a reliable, convenient, and secure way to buy Bitcoin and other cryptocurrencies. Compared to its competitors in Canada, Kraken provides ample choices for Canadians to deposit CAD.

The payment methods available include wire transfers, cash at a local Canada Post, or SWIFT for internationals. In our opinion, the best method to deposit funds is to use a local wire transfer, which has no fees and takes between 1 and 5 business days to process. A faster method is using cash, which takes 30–60 minutes to complete. However, it will attract a 1.25 CAD + 0.25% surcharge for convenience. To get started with crypto day trading, you’ll first need to create an account with a cryptocurrency exchange, like Bitbuy, and fund your wallet with fiat.