Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best Bitcoin Brokers in Canada for 2025. Five companies that enjoy huge popularity in Canada were selected and compared between each other.
1
MEXC - Best in Canada for 2025
On the MEXC.com website, 127 cryptocurrencies are available to clients. For each pair, BTC, ETH, and USDT are available. Clients can work with leverage, the maximum size of which is 1:10. The company offers both trading and P2P exchange.
2
OKX - Best in Canada for 2025
The OKX cryptocurrency exchange provides services on the international level and provides traders with high liquidity of trading instruments. The work is carried out on the built-in terminal, and it is possible to trade from mobile devices via the exchange application. OKX offers spot and margin trading, P2P lending, and investment tools for passive income.
3
LiteFinance - Best in Canada for 2025
Trading conditions are extremely transparent and easily understandable. There are only two types of accounts: classic and professional. The minimum deposit is $50 for either account, order execution, market, and leverage is up to 1:1000.
4
AMarkets - Best in Canada for 2025
Trading conditions of AMarkets are attractive for those who aim at long-term cooperation with the broker and are prepared to grow professionally. The minimum deposit is USD 100.
AMarkets operates based on STP and ECN models and executes orders of the clients at a speed of up to 100 ms (30-50 ms on average). This kind of high order execution speed allows traders to trade successfully with AMarkets. All clients of the broker have access to trading news, phone dealing and negative balance protection. Using ready-made robots and EAs is allowed. Traders can use the broker’s copy trading service to earn passive income.
AMarkets offers accounts with floating (from 0.0 pips) and fixed (from 3 pips) spreads. On an ECN account, a commission per lot is charged in the amount of $2.5 (one side), while there is no commission per lot on Standard and Fixed accounts. For trading, the broker offers MT4 and MT5 platforms and also MultiTerminal based on MetaTrader 4 for simultaneous management of several accounts. In addition to cash back and bonus for switching from another broker, AMarkets offers real money for income earned on a demo account, as well as promotions and lotteries.
5
InstaForex - Best in Canada for 2025
Trading conditions depend on the regulation of the broker:
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FSC. The conditions are more loyal here. With a $1 deposit you can open positions on almost any asset with leverage of up to 1:1000. This broker also offers PAMM accounts and a social trading service. This means that clients invest money in traders and their signals, traders in their turn are successful in trading and earn on fees as well.
Note how the lot volume is being calculated. In the FAQs, you can find information that the broker uses lots of 10,000 basic units instead of standard 100,000 units. This provides for a reduced pip’s value.
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CySEC. The conditions here are stricter due to regulators’ requirements. The minimum deposit is $200 and leverage is up to 1:30 without a confirmed professional trader status. There are managed diversified stock portfolios and synthetic stocks/ETFs instead of PAMM accounts and social trading.
Spreads are from 0 pips subject to the account type and the asset, regardless of the regulator.
TU Expert Review for the best Bitcoin Brokers in Canada
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best Bitcoin Brokers in Canada is posted below.
MEXC - TU Expert Review
The MEXC exchange has been in business for over three years. During that time, there were no high-profile scandals with the cryptocurrency exchange related to the security of clients' funds. The company offers services of a crypto exchange, P2P exchange, and cold storage of cryptocurrencies in proprietary e-wallets. The platform offers clients over 3000 trading pairs, but these are not the only opportunities for traders. Also, users can work with cryptocurrency ETFs and derivatives, so the choice of assets and trading instruments here can be considered excellent. Passive income opportunities are a nice bonus for clients. The company charges profit for holding (storage of cryptocurrencies) and staking (temporary freezing of digital assets in the wallet).
OKX - TU Expert Review
OKX (aka OKEX) is an international cryptocurrency exchange that offers a wide range of services for cryptocurrency traders. You can buy and sell cryptocurrencies and trade options and futures on the OKX platform. Traders also have access to margin and spot trading, as well as P2P lending. The OKX cryptocurrency exchange website is multi-lingual, as the company provides services to cryptocurrency traders from over 100 countries. In addition to the standard way of earning on cryptocurrency trading, OKX offers a variety of investment tools, including staking, double investing, blocking funds in the account for a loan (for margin trading), and hot offers. Any user can take advantage of them. For novice traders, the exchange website offers an "Academy" section, which contains training materials on trading in the cryptocurrency market. The OKX cryptocurrency exchange has been operating since 2017, but no license details were found on its website. There are no fiat currencies traded, nor is there an opportunity to fund a trading account at OKX.
LiteFinance - TU Expert Review
The LiteForex (LiteFinance) broker has been operating for over 14 years and that characterizes the company as a reliable and responsible partner. The broker is focused mostly on professional traders, as evidenced by a relatively high initial deposit and the absence of cent accounts. I would like to point out the transparency of the broker's trading conditions as there are no pitfalls or hidden commissions. There are no restrictions on scalping, hedging, or the use of trading advisors. Recently, the company updated its personal account from a classic account into a full-fledged trading tool. And now you can start profit directly from your account in one click. Analytics have been added to the cabinet platform for novice traders: fundamental and technical forecasts for each pair, market sentiment, etc. You can also manage the affiliate program from the cabinet and create an investment portfolio using the SocialTrading service. LiteFinance is a professional trading company. The broker fully fulfills its obligations; therefore, it is one of the regular partners of the Traders Union.
AMarkets - TU Expert Review
AMarkets is one of those brokers that make earning convenient and comfortable. First of all, I’d like to highlight its high order execution speed and narrow spread on STP accounts: up to 0.1 second and from 1.3 pips respectively. These are very competitive indicators for orders that are directly transferred to liquidity providers. The company is positioned as a platform for algorithmic trading and PAMM investing, which is why the narrow spread and nearly instant order execution are the broker’s key advantages. AMarkets will be more suitable for those, who already have trading experience or are serious about getting the result. The minimum deposit is USD 100, which rules out those who came to Forex by accident, expecting quick and easy returns. The company is primarily interested in those who want to learn to make money, and AMarkets is prepared to give such traders everything for a successful start. The website features a very strong analytical base, signal providing services, and robots with descriptions of settings. There is a free VPS service for a separate category of clients. AMarkets has been a partner of Traders Union for several years, ranked among the top brokers in the TU rating thanks to its reliability, attractive trading conditions and positive reviews of traders.
InstaForex - TU Expert Review
The InstaForex Team is professional and reliable. I highly recommend this service. They offer optimal trading conditions that are suitable for both novice and professional traders. Clients can work with various types of accounts, use a minimum order of 0.01 lots and more than over 2,500 Forex trading instruments. InstaForex has been working with the Traders Union for many years. We analyzed thousands of customer reviews which were overall positive. Many customers were particularly impressed with their excellent customer service. One such customer said “Its experts are doing everything to solve the financial and technical problems encountered by users as soon as possible”. The user-friendly interface of the website allows you to quickly find and analyze relevant information on both active and passive trading. InstaForex always cares about its customers - it provides favorable conditions for trading, as well as Customer support in an expeditious manner. It is these features that gives it a high rating of reliable Forex brokers of the Traders Union.
Summary
Many brokers operate in Canada, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best Bitcoin Brokers in Canada 2025 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best Bitcoin Brokers in Canada
| MEXC | OKX | LiteFinance | AMarkets | InstaForex | |
|---|---|---|---|---|---|
|
Overall score |
6.07 |
6.93 |
7.91 |
7.26 |
7.88 |
|
Execution of orders |
8.5 |
9.2 |
7 |
8.4 |
8.85 |
|
Investment instruments |
5.25 |
7.5 |
9.4 |
5.3 |
9.3 |
|
Withdrawal speed |
8.45 |
9.25 |
8 |
8 |
5 |
|
Customer Support work |
7.25 |
8.52 |
6.9 |
8.07 |
7 |
|
Variety of instruments |
0 |
0 |
8.75 |
7.37 |
8.02 |
|
Trading platform |
6.98 |
7.13 |
7.43 |
6.44 |
9.1 |
|
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FAQ
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
Can you earn passive income in the financial markets?
Yes, the best brokers of Canada offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.