In order to trade successfully, it is very important to choose the right broker. in Canada, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best crypto brokers for short selling in Canada 2025. You can compare their features and trading conditions.
1
MEXC - Best for short selling in Canada
The MEXC cryptocurrency exchange (MEXC.com) has been operating since 2018. The company is registered in Singapore, which is a loyal digital asset jurisdiction. The platform offers clients trading and P2P exchange services. The main specialization of the trading platform is to provide clients with crypto/crypto trading services with currencies such as Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT). The undoubted bright side of the platform is access to cryptocurrency ETF funds.
👍 Advantages of trading with MEXC for traders from Canada:
•120+ cryptocurrencies for trading;
•receive additional income through staking and holding;
•an affiliate program with income up to 80% of the deposit of the invited trader.
👎 Disadvantages of MEXC for traders from Canada:
•withdrawal fees (0.0005 BTC for Bitcoin);
•lack of support for fiat currencies for trading;
•no MAM or PAMM accounts;
•mandatory verification.
2
OKX - Best for short selling in Canada
OKX (aka OKEX) is an international cryptocurrency exchange that has been providing financial services since 2017. On the OKX platform, you can buy and sell cryptocurrencies and earn money by storing tokens and providing funds for margin trading. The cryptocurrency exchange offers over 100 cryptocurrencies such as BTC (₿), LTC (Ł), ETH (Ξ), XRP, etc.), several ways to make passive income, and a base with educational materials.
👍 Advantages of trading with OKX for traders from Canada:
•The availability of various investment programs.
•Proprietary educational academy with useful materials.
•Wide range of cryptocurrencies.
•The exchange is multilingual and available in 20 languages.
•A mobile app is available.
•The exchange uses cold and hot wallets with a high-security level.
•The company offers cryptocurrency listing services.
👎 Disadvantages of OKX for traders from Canada:
•Trading and depositing in fiat currencies are not available.
•Few ways to contact client support
•The company is unlicensed and unregulated.
3
4XC - Best for short selling in Canada
4XC offers access to trading Forex, metals, indices, oil, forward contracts, and cryptocurrencies, over 80 trading instruments in total.
4XC provides competitive conditions such as leverage up to 1:500 and spreads starting from 0.0 pips. The broker supports multiple account types including Standard, Pro, and VIP, each tailored to meet different trading needs and strategies.
For passive investing, the broker provides PAMM accounts and social trading service. The Signal Centre at 4XC enhances trading with premium AI signals integrated via the easy-to-use Acuity Trading Tool plugin, which seamlessly integrates into MetaTrader 4/5 platforms. Also, the broker provides additional free trading signals on its website.
👍 Advantages of trading with 4XC for traders from Canada:
•Attractive trading conditions for beginners. Minimum deposit is USD 50 with leverage up to 1:500. This amount is enough to open a position on some assets within the rules of risk management;
•Relatively narrow spread: from 1 pip on the Standard ECN account and from 0 pips on Pro/VIP accounts;
•Good educational opportunities: structured courses for beginners, advanced traders and experts.
👎 Disadvantages of 4XC for traders from Canada:
•Withdrawal fee (except for the VIP account). Withdrawals are limited to one transaction per day;
•The FAQ section does not fully answer the questions of a potential trader.
4
Trademax - Best for short selling in Canada
Trademax (TMGM) is a CFD and Forex broker operating since 2013. The company offers its clients trading in five asset classes, including currency pairs, equity contracts, indices, energy and precious metals. Trademax has two offices, one in Australia (where the broker was founded) and one in Vanuatu. Services are provided under licenses from the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
👍 Advantages of trading with Trademax for traders from Canada:
•more than 15,000 trading instruments.
•Spreads from 1.0 pips.
•HUBx copy trading service.
•3 trading terminals.
•Training for traders
👎 Disadvantages of Trademax for traders from Canada:
•No MAM or PAMM accounts.
•You cannot access your account without verification.
•Support works 24/5.
5
ATFX - Best for short selling in Canada
ATFX is a Forex and CFD broker and is a part of AT Global Markets, an international investment holding company. The company is licensed by the FCA (UK) 760555, CySEC (Cyprus) 285/15, FSC (Mauritius) C118023331, and FSA (Saint Vincent and the Grenadines) 333 LLC 2020. The broker offers beneficial trading conditions for active traders as well as passive investors. ATFX service quality has been recognized by the many awards the broker has received, including Fastest Growing Forex Broker in Europe in 2017, and a 2018 Best Forex CFD Broker award from UK Forex Awards.
👍 Advantages of trading with ATFX for traders from Canada:
•Several licenses from international regulators.
•Beneficial trading conditions for professional traders and large investors.
•Possibility to invest in PAMM accounts and copy trades using the broker’s proprietary platform.
👎 Disadvantages of ATFX for traders from Canada:
•No cent accounts.
•High minimum deposit on standard accounts.
•Bonuses are not available for all customers.
•Wide market spreads on Standard accounts.
•Limited choice of partnership programs.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
MEXC Commissions and Fees
The experts at Traders Union analyzed the policy of commissions of the MEXC.com cryptocurrency exchange. The platform offers commission starting from 0.02%. There are also withdrawal fees on the platform. Deposits and withdrawals are carried out only using cryptocurrencies, and each type of digital asset has its own commissions and limits.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
0.02% |
Yes |
OKX Commissions and Fees
The Traders Union specialists examined the OKX cryptocurrency exchange for trading, non-trading, and hidden commissions. The level of trading commission (for trade execution) depends on the type of trade and user status. For example, the exchange offers fixed rates for spot trading, as well as trading futures, options, and open-ended swaps. The amount of fees is calculated as a percentage and varies from 0.1% to -0.010%. There are no commissions for opening a trading account, its maintenance, using a terminal, or other non-trading activities.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Real account only |
$0.1 |
No data |
4XC Commissions and Fees
Traders Union analysts reviewed the broker’s fee schedule. The key fees include spread (including the markup), swap, fixed fee on the ECN account, withdrawal fee (there is also a deposit fee for some payment methods). The fee is calculated in USD per 1 standard lot.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
from USD 10 |
0.5-3% |
|
Pro |
USD 0 |
0.5-3% |
|
VIP |
USD 0 |
no |
Trademax Commissions and Fees
Traders Union specialists analyzed the trading and non-trading commissions of the broker TMGM. Commissions differ depending on the type of trading account. The variable spread account is charged with a standard spread. The average spread for EUR/USD on Trademax is 1.1 pips. The Raw Spreads account has spreads starting from 0.0 pips, but offers a fixed commission. The commission is 7 USD per trade in both directions, which is equivalent to 3.5 USD per lot in one direction. There is also a commission for inactivity. It is 30 USD per month. It is charged after 6 months with no trades on the live account, and if the account has less than 500 USD.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Variable Spreads Account |
From $10 |
No |
|
Raw Spreads Account |
From $7 |
No |
ATFX Commissions and Fees
Traders Union analysts have thoroughly reviewed ATFX trading conditions to uncover transparent and hidden commissions. The broker charges spread. If the amount of withdrawal to a debit/credit card or electronic wallet is less than USD/EUR 100, the customer will pay an additional USD/EUR 5 fee to the broker. For wire transfers, no fee is charged on withdrawals of over USD/EUR 1,000. The fees of electronic payment systems are not specified.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard 1:400 |
from $18 |
Charged in certain situations |
|
Standard 1:200 |
from $18 |
Charged in certain situations |
|
Standard 1:100 |
from $18 |
Charged in certain situations |
|
Standard 1:30 |
from $10 |
Charged in certain situations |
|
Edge |
from $6 |
Charged in certain situations |
|
Premium |
from $1 |
Charged in certain situations |
|
Edge (Professional) |
from $6 |
Charged in certain situations |
|
Premium (Professional) |
from $1 |
Charged in certain situations |
|
Professional |
from $1 |
Charged in certain situations |
Summary
Many brokers are available for traders from Canada, but not all of them offer good conditions. In this review, TU experts chose the Best crypto brokers for short selling in Canada 2025. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Crypto Brokers For Short Selling in Canada
| MEXC | OKX | 4XC | Trademax | ATFX | |
|---|---|---|---|---|---|
|
Overall score |
9.1 |
8.9 |
7.21 |
6.86 |
6.85 |
|
Execution of orders |
8.5 |
9.2 |
7.15 |
5.14 |
4.8 |
|
Investment instruments |
5.25 |
7.5 |
4.2 |
9.7 |
10 |
|
Withdrawal speed |
8.45 |
9.25 |
7 |
6 |
8 |
|
Customer Support work |
7.25 |
8.52 |
6.12 |
5.94 |
5.47 |
|
Variety of instruments |
0 |
0 |
8.02 |
6.31 |
6.13 |
|
Trading platform |
6.98 |
7.13 |
5.46 |
5.69 |
4.39 |
|
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FAQ
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
Can you earn passive income in the financial markets?
Yes, the best brokers in Canada offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
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.
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
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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.