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Ida is a financial writer with a passion for cryptocurrencies, blockchain networks, and Forex trading. A dedicated crypto trader, she developed a deep interest in Forex technical analysis and price action, continually expanding her expertise in market trends and trading strategies.
Ida is a financial writer with a passion for cryptocurrencies, blockchain networks, and Forex trading. A dedicated crypto trader, she developed a deep interest in Forex technical analysis and price action, continually expanding her expertise in market trends and trading strategies.
Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.
Trading platforms are applications offered by Forex brokers that allow traders to trade Forex and other instruments. Trading platforms are usually free and are available as mobile apps.
All trading platforms have an interface to view live market prices, place trades, and manage trading accounts. Most trading platforms will also have charting tools, research tools, indicators, educational materials, and options for automated trading or copy trading.
In this guide to the best Forex trading platforms, we go over the important considerations you need to make when choosing one; these include regulation and security, trading costs, customer service, and education.
These are the Forex brokers with the best trading platforms for 2025
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For over a decade, we’ve set the standard in forex broker reviews—collecting thousands of data points yearly to deliver unbiased, expert-backed insights.
Skip the trial and error! Below, you’ll find the best forex brokers in the Philippines for 2025—thoroughly tested, verified, and ranked, so you can trade with confidence.
You can either use the arrow button or swipe on mobile
Broker | Official Site | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | cTrader | Proprietary Platform | Regulated By | Compare | |||
|---|---|---|---|---|---|---|---|---|---|---|
 | Yes | Yes | Yes | Yes | USD 0 | 30:1 |        | |||
 | Yes | Yes | No | Yes | USD 100 | 30:1 |      | |||
 | Yes | Yes | No | Yes | USD 10 | 1000:1 |  | |||
 | Yes | Yes | No | Yes | USD 0 | 2000:1 |  | |||
 | Yes | Yes | No | Yes | USD 5 | 3000:1 |  | |||
 | Yes | Yes | Yes | Yes | USD 100 | 30:1 | | |||
 | Yes | Yes | Yes | Yes | USD 200 | 30:1 | | |||
 | Yes | Yes | Yes | Yes | AUD 100 | 30:1 | | |||
 | Yes | Yes | Yes | Yes | AUD 0 | 500:1 |  |
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Find Your Ideal Forex Broker
0 pips
CMA, BaFin, SCB, DFSA, ASIC, FCA, CySEC
USD 0
Pepperstone Platform, TradingView, cTrader, MT5, MT4
1000:1
Offers MetaTrader 4, MetaTrader 5, TradingView, an in-house platform, and cTrader — ideal for beginners to algorithmic traders
Spreads start from 0.0 pips on Razor accounts with an average EUR/USD spread under 0.1 pip during peak hours
Ensures lightning-fast order fills and minimal slippage — crucial during high volatility
Includes sentiment indicators, alarms, and trade analysis dashboards not found on standard platforms
Filipino traders must use e-wallets or international cards — may incur fees
Most are hosted on AEST or GMT time — may not fit Filipino schedules
Pepperstone | Best for: Filipino traders looking for ultra-low spreads and flexible platform choices
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0.9 pips
ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC
USD 100
AvaOptions, Avatrade Social, MT5, MT4
400:1
One of the best-reviewed mobile platforms globally—intuitive, fast, and rich in market sentiment tools
Unique tool that refunds your losses within the protected time frame—not found in other brokers
ZuluTrade and DupliTrade allow auto-trading from top-performing strategies
Strict compliance ensures safety for Filipino traders — regulated by ASIC, FSCA, CySEC, and more
Many features are exclusive to AvaTradeGO, not available in MT4/MT5
Support teams are available via email/chat, but no dedicated PH team
AvaTrade | Best for: Filipino traders who prefer simplicity and built-in risk management on a mobile-first platform
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0.7 pips
FRSA, FSA-Seychelles, CySEC
USD 10
NAGA Web App, MT5, MT4
1000:1
Copy trades, comment, and interact with traders directly — like Facebook for traders
Earn from your trading performance as others copy your trades — great for growing traders
Trade Forex, crypto, stocks, and indices without switching apps
See trader ratings based on risk, not just profits — helps you follow wisely
EUR/USD spreads can be 1.6+ pips on Standard accounts — higher than industry leaders
Profit-sharing may reduce your earnings if you’re copying others
NAGA | Best for: Filipinos looking for a social trading platform similar to a social media experience
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0.0 pips
CMA, FSA-Seychelles, FSC, DFSA, FSCA, FCA
USD 0
HFM Trading App, MT5, MT4
2000:1
Direct bank funding from BDO, BPI, Metrobank without FX conversion
Ideal for low-capital traders to gain higher margin with lower risk
Plenty of beginner resources, videos, and trading tools in English and Taglish
Micro, Premium, and Zero Spread accounts to suit every level
Traders need to read bonus rules to avoid forfeiting funds
Limited to MT4/MT5, which may not suit every trader’s preference
HFM | Best for: Filipino beginners who want education, bonus capital, and local bank options
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0.7 pips
FSC, ASIC
USD 5
FBS App, MT5, MT4
3000:1
Ideal for absolute beginners — risk only cents, not dollars
Try real-market trading without funding your account — great for cautious starters
Copy top-performing traders without technical knowledge
Switch easily between platforms depending on skill level
Cent and bonus accounts have wider spreads — affects scalping performance
Maximum profit cap on bonuses means limited real cash gain
FBS | Best for: New traders in the Philippines who want zero-risk practice and Cent accounts
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The best Forex trading platform for you will depend on your trading experience and personal taste.
MetaTrader 4, MetaTrader 5, cTrader and TradingView are the most popular trading platforms. Many brokers also have their own proprietary trading platforms. Almost all trading platforms are also available as mobile trading apps.
The table below is an easy guide to the main differences between the four main platforms.
| Features | MetaTrader 4 | MetaTrader 5 | cTrader | TradingView |
|---|---|---|---|---|
| Timeframes | 9 | 21 | 26 | Unlimited – customised timeframes |
| Chart Types | Line, Bar, candlesticks | Line, Bar, candlesticks | Bar, Candlesticks, Line +4 more | Bar, Candlesticks, Line +9 more |
| EA Trading |  |
|
|
|
| Indicators | 31 | 38 | 55 | 100+ |
| Pending Order Types | 4 | 6 | 4 | 6 |
| Depth of Market |  |
|
|
|
| Integrated Economic Calendar | |
|
|
Available as a widget |
| One Click Trading | |
|
|
|
| Trailing Stop | (But from the terminal side) |
(But from the terminal side) |
|
|
| Sentiment Display | |
|
|
|
| Coding Language | MQL4 | MQL5 | C# | Pine Script |
Available at over 90% of Forex brokers, MT4 can run on any system, regardless of age, has extremely fast execution, and has the largest number of Expert Advisors.
Developed in 2005 by MetaQuotes, MT4 is the world’s most popular Forex trading platform. MT4 gives traders real-time access to the Forex market, enabling them to trade currencies, commodities, indices, and cryptocurrencies. However, it does not natively allow trading on stock CFDs, ETFs, and bonds, which are available on MT5, cTrader, and TradingView.
The platform also has advanced charting tools and customisable trading layouts, but its interface is outdated, and other platforms, such as MT5, cTrader, and TradingView, have a much broader range of platform tools and more advanced functionality.
Because MT4 has such low resource requirements, it can run on both new and old devices and has been developed to initiate trades as quickly as a Forex broker can process them.
One of the main benefits of MT4 is automated trading with trading robots called Expert Advisors (EAs). Traders can build or purchase EAs, which will trade within the parameters of a pre-set algorithm. Before MT4, automated trading was only available to banks and hedge funds. There are also many more EAs available for MT4 than any other platform in the world.
Watch our MT4 tutorial video
Find out more about our favourite MT4 brokers
A feature-rich and modern trading platform compared to MT4, MT5 is more powerful and efficient and offers trading on a broad range of tradable assets, including stocks, ETFs, and bonds.
Released in 2010, MT5 is considered a more advanced and versatile platform than MT4. One of the key differences is that MT5 has a built-in economic calendar and more advanced charting tools. MT5 also supports more order types than MT4 and, unlike MT4, allows native trading of assets like stocks, ETFs and bonds.
Another feature that sets MT5 apart from MT4 is its Depth of Market DOM feature. DOM measures the liquidity of an asset based on its supply and demand. It displays the number of open buy and sell orders for a given asset.
MT5 also has an improved programming language called MetaQuotes Language 5 (MQL5) that allows traders to create more complex EAs than is possible with MQL4, but there are far fewer pre-programmed EAs available for download on MT5.
Although MT5 has slowly gained popularity and is available at many more Forex brokers than cTrader and TradingView, it is not as user-friendly or easy to set up.
Watch our MT5 Tutorial Video
Find out more about our favourite MT5 brokers
cTrader is a modern-looking and user-friendly platform with more advanced functionality than MT4 and MT5. cTrader users are also more profitable than their MetaTrader counterparts.
Developed by Spotware and released in 2011, cTrader is a trading platform popular among forex traders for its advanced features and user-friendly interface. cTrader advanced charting capabilities include 70+ technical indicators, 26 time frames, a range of chart types, and Depth of Market functionality. cTrader also has a built-in economic calendar and a wide range of advanced order types.
Like MT4 and MT5, cTrader supports automated trading through cTrader Automate, a feature for developing and backtesting trading robots called cBots. cTrader also has an integrated copy trading function called cTrader Copy, allowing traders to copy the trades of other traders.
Unfortunately, cTrader is not as widely available as MetaTrader software programs, but according to Spotware’s internal calculations, 35% more cTrader users are profitable compared to the industry average. This amazing statistic highlights why cTrader has become MetaTrader’s main competitor.
Watch our cTrader Tutorial Video
Find out more about our favourite cTrader brokers
TradingView has the most advanced charting functionality of all third-party trading platforms and is the most customisable. However, because it is fairly new, it is the least widely available platform.
TradingView is a charting platform and social network used by 50 million traders and investors worldwide to spot opportunities across global markets. TradingView also works with select brokers, allowing traders to trade directly from TradingView’s charting platform.
The TradingView platform offers a fully customisable experience, with 12 chart types, custom time intervals, 100,000+ community-built indicators, integrated financial analysis, and its own programming language, called PineScript, which allows traders to share their automated trading strategies.
Overall, TradingView is the most advanced, customisable, and feature-rich third-party platform available, but traders will have few brokers to choose from that offer its services.
Proprietary trading platforms are trading platforms that belong to a single broker. Most of the larger brokers have proprietary platforms. They generally work in a web browser and are designed to be intuitive and easy for beginners to learn. However, they tend to be less advanced; many do not have automated trading, for example.
Be aware that by choosing a broker’s proprietary platform rather than MT4, MT5, cTrader or TradingView, you will not be able to take the platform with you if you decide to switch brokers. So, you will lose all your specific platform knowledge and will have to start all over again with your new broker.
Mobile trading apps are trading platforms that work on mobile devices, like mobile phones and tablets. Most trading platforms are available on Android and iOS devices, though they lose some functionality in the switch to the smaller screen size and emphasis on touch-screen controls.
Learn more about which mobile trading apps are best and how they differ from desktop trading platforms.
Regulation
Because traders generally have to use a broker to trade on a platform, choosing a broker regulated by a reputable financial authority is essential to protect your funds and ensure that you are treated fairly. Brokers regulated by authorities such as the Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Conduct Authority (FCA) of the UK, or the Australian Securities and Investments Commission (ASIC) tend to be reliable and trustworthy brokers.
User interface and functionality
The platform should have an easy-to-use interface with straightforward navigation, advanced charting tools, customisable indicators, and other features that suit your trading style and preferences. For example, TradingView and cTrader are more user-friendly and feature-rich than their MetaTrader counterparts, but these two platforms are only available at select brokers.
Reliability and speed
The platform should have fast order execution, low latency, and minimal downtime to ensure you can place trades quickly and efficiently. For example, a trading platform that can execute trades in under 100ms is considered a low-latency platform, but this will also depend on the broker’s ability to process trades.
Trading tools
The platform should offer a range of trading tools, including risk management tools, economic calendars, market analysis, and educational resources. More advanced trading platforms, such as cTrader, have integrated economic calendars and a trailing stop order function that operates from the server side rather than on the terminal side like MT4 and MT5. This functionality means the trailing stop will stay in place even if the terminal goes offline. Find out more about the various order types between the trading platforms here.
Security
The platform should have robust security features, including two-factor authentication, encryption, and firewalls, to protect your personal and financial information. Most trading platforms have robust security features, but this will largely depend on your broker.
Costs and fees
Consider the trading fees, spreads, and commissions associated with your broker to ensure they are reasonable and competitive. Brokers with a minimum deposit of 200 USD or less, an average commission-free spread of around 0.9 pips (EUR/USD), or a commission of 7 – 10 USD with a spread of 0.1 – 0.3 pips (EUR/USD) are considered brokers with low trading costs.
Trading Goals
When choosing a trading platform, ensure it has compatible functionality with your trading goals and style. For example, if you use Expert Advisors or automated trading, you may consider using a platform like MT4, MT5, cTrader or TradingView. However, traders who trade on stock CFDs would not choose MT4 because it does not natively offer stock CFD trading. In contrast, beginner traders may consider a user-friendly platform or one that offers copy trading functionality.
Answers to some common questions about trading platforms and how they work.
Forex trading involves exchanging one currency for another to profit from fluctuations in the exchange rate. Unlike stock markets, the forex market is a decentralised global marketplace, and currencies can be traded around the clock. Forex trading is a popular investment option due to its potential for high returns and liquidity and low transaction costs.
Forex trading platforms and Forex brokers are two different things, but they are closely related.
Forex trading platforms are applications – either on a phone or a computer – that traders use to place trades, while Forex brokers are companies that find buyers and sellers for your trades. Forex brokers also provide leverage and other services such as education, analysis tools and customer support. Forex brokers charge a fee for these services; this is usually in the form of a markup called the “spread”.
Some Forex trading platforms have more currency pairs to trade than others, and this depends on which Forex broker your trading platform is connected to. Beginners should start with the major currency pairs, like the EUR/USD or the USD/JPY, as they are less volatile and are less expensive to trade than minor currency pairs and exotic currency pairs.
Other assets you can trade are stocks, commodities, cryptocurrencies, indices and government bonds. Which assets are available on your trading platform will depend on your broker, and some brokers offer many more types of assets. Some of the rare assets include interest rates, ETFs and futures.
Technical indicators are used to identify trends, measure market volatility, and assess the strength and direction of current market conditions. Technical indicators can be divided into two categories: trend-following and oscillators. Trend-following indicators are used to identify the direction of a trend, while oscillators identify reversals in the trend.
Common types of technical indicators include moving averages, momentum indicators, relative strength index (RSI), Bollinger Bands, MACD (moving average convergence divergence), stochastics, Ichimoku clouds, Fibonacci retracements and more. Technical traders use indicators to determine potential entry and exit points for trades.
Trading tools are any technology or application traders use to help them make trading decisions, track trades, and manage their portfolios. These tools can range from basic charting software to complex AI-driven algorithms for high-frequency trading. Trading tools typically provide access to market data, news feeds, and real-time risk management tools.
Many trading tools also come with specialised features such as portfolio analysis, order execution, backtesting of strategies, portfolio optimisation, and access to multiple exchanges in one place. In addition to these more practical applications, they may include educational resources such as videos and tutorials that help traders gain insight into the markets they trade.
Explore more resources that fellow traders find helpful! Check out these other guides to enhance your forex trading knowledge and skills. Whether you’re searching for the best brokers, educational material, or something more specific, we’ve got you covered.
Discover the top Forex brokers in the Philippines. Compare top platforms, fees and features to make an informed trading choice.
What is Forex trading and how does it work? An easy-to-read guide including how to trade, and how to choose a reliable broker.
Explore the best Forex brokers for beginners in the Philippines with user-friendly platforms, educational resources, and demo accounts.
60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
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Head of Content
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