21 timeframes and built-in DOM
Finer technical analysis and visibility on market depth for active traders.
MetaTrader 5 is the second generation of MetaTrader, launched by MetaQuotes in 2010. The platform was designed for multi-asset trading: Forex, CFDs, futures and stocks. Compared with MT4, it offers 21 timeframes instead of 9, a built-in economic calendar, market depth (DOM), more order types and a more modern programming language, MQL5.
Among the CIRO-authorized brokers in our comparison, two offer MetaTrader 5 to Canadian clients: AvaTrade and FOREX.com. Note that MT5 is not backward compatible with robots (Expert Advisors) and indicators written in MQL4. Traders who use existing automated strategies therefore need to rewrite them or keep MetaTrader 4 alongside.
We rate each broker on 40 criteria grouped into 5 pillars: regulation, fees, platforms, instruments and customer service. The ranking below applies our public methodology.
Which Canadian brokers offer MetaTrader 5?
2 brokers in our comparison offer MetaTrader 5 to Canadian clients, ranked by overall rating.
- 1
- $100 minimum deposit
- CIRO-authorized, CIPF member
- Forex, CFDs, options, indices
- 2
- Subsidiary of StoneX (NYSE)
- More than 80 currency pairs
- TradingView integration
Ranking updated on , based on our public 40-criteria methodology.
Not available in Canada at OANDA, Questrade, Plus500 and Fortrade, according to these brokers' platform pages consulted in November 2026. Always check availability on the broker's official website before opening an account.
What does MetaTrader 5 offer?
Native multi-asset trading
Trade Forex, CFDs, indices, commodities and stocks from a single interface.
MQL5 language
Object-oriented robots and indicators, with an extended standard library.
Built-in economic calendar
Follow economic releases without leaving the platform.
Frequently asked questions
No, the two coexist. MT5 targets multi-asset trading and traders looking for advanced features. MT4 remains widespread for Forex-only trading and for its vast ecosystem of MQL4 Expert Advisors.
No. MQL4 and MQL5 are not compatible. Robots and indicators must be rewritten or bought in an MT5 version.
Among the CIRO-authorized brokers in our comparison, AvaTrade and FOREX.com offer MT5 in Canada. Other authorized brokers may offer it too. Always check the broker's official platforms page to confirm availability.
Compare brokers side by side
Fees, platforms, regulation and instruments of the brokers authorized in Canada, on a single page.