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Ida Hermansen
Edited by
Author
Ida Hermansen
Edited by
Ida Hermansen
Financial Writer

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.

Learn more about Ida Hermansen
Author
Author
Alison Heyerdahl
Head of Content

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.

Learn more about Alison Heyerdahl
Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

Advertiser Disclosure

FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. For more detailed information click this link.

Best Forex Trading Platforms in the Philippines for 2025

Edited by
Author
Ida Hermansen
Edited by
Ida Hermansen
Financial Writer

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.

Learn more about Ida Hermansen
Alison Heyerdahl
Author
Alison Heyerdahl
Head of Content

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.

Learn more about Alison Heyerdahl

Choosing the right forex trading platform in 2025 requires more than just comparing spreads or execution speed. The platform you use should align with your trading style, level of experience, and technical needs—whether that means automation, mobile compatibility, or access to raw market data. With hundreds of platforms available, and each broker marketing theirs as “the best,” it’s easy to feel overwhelmed by features you may not need or interfaces that slow you down.

In this guide, we’ll help you find the best Forex trading platforms for 2025, focusing on what really matters for Filipino traders: safety and regulation (with oversight from trusted international regulators such as ASIC, CySEC, or the FCA), trading costs, customer support, mobile access, and education for beginners.

Let’s take a look at the top Forex brokers with the best trading platforms in the Philippines this year.

Trusted. Transparent. Tested.

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.

Primary Image

Best Forex Trading Platforms in the Philippines for 2025

You can either use the arrow button or swipe on mobile

Official Site
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Regulated By
Compare
Visit Broker
75.3% of retail CFD accounts lose money
Yes
Yes
Yes
Yes
USD 0
30:1
ASIC Regulated Forex BrokersBundesanstalt für FinanzdienstleistungsaufsichtCapital Markets AuthorityCySEC Regulated Brokers
FCA Regulated Brokers
Visit Broker
76% of retail CFD accounts lose money
Yes
Yes
No
Yes
USD 100
30:1
ASIC Regulated Forex BrokersCentral Bank of IrelandCySEC Regulated BrokersFinancial Regulatory Services Authority
FSCA Regulated Forex Brokers
Visit Broker
77.41% of retail CFD accounts lose money
Yes
Yes
No
Yes
USD 10
1000:1
Bundesanstalt für FinanzdienstleistungsaufsichtCySEC Regulated Brokers
Visit Broker
72.90% of retail CFD accounts lose money
Yes
Yes
No
Yes
USD 0
2000:1
CySEC Regulated BrokersDubai Financial Services AuthorityFCA Regulated BrokersFinancial Services Commission
FSCA Regulated Forex BrokersThe Seychelles Financial Services Authority
Visit Broker
69.21% of retail CFD accounts lose money
Yes
Yes
No
Yes
USD 5
3000:1
ASIC Regulated Forex BrokersCySEC Regulated BrokersFSCA Regulated Forex BrokersInternational Financial Services Commission
Visit Broker
75% of retail CFD accounts lose money
Yes
Yes
Yes
Yes
USD 100
30:1
CySEC Regulated BrokersDubai Financial Services AuthorityFCA Regulated BrokersFSCA Regulated Forex Brokers
Securities Commission of the Bahamas
Visit Broker
70.81% of retail CFD accounts lose money
Yes
Yes
Yes
Yes
USD 200
30:1
ASIC Regulated Forex BrokersCySEC Regulated BrokersSecurities Commission of the BahamasThe Seychelles Financial Services Authority
Visit Broker
79% of retail CFD accounts lose money
Yes
Yes
Yes
Yes
AUD 100
30:1
ASIC Regulated Forex BrokersCySEC Regulated BrokersFSCA Regulated Forex Brokers
Visit Broker
89% of retail CFD accounts lose money
Yes
Yes
Yes
Yes
AUD 0
500:1
ASIC Regulated Forex BrokersThe Seychelles Financial Services AuthorityVanuatu
Pepperstone
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
Yes
Proprietary Platform
Yes
Min. Deposit
USD 0
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulatorregulator
regulator
AvaTrade
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 100
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulatorregulator
regulator
NAGA
4.1
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 10
Max. Leverage (forex)
1000:1
Regulated By
regulatorregulator
HFM
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 0
Max. Leverage (forex)
2000:1
Regulated By
regulatorregulatorregulatorregulator
regulatorregulator
FBS
4.3
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 5
Max. Leverage (forex)
3000:1
Regulated By
regulatorregulatorregulatorregulator
FxPro
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
Yes
Proprietary Platform
Yes
Min. Deposit
USD 100
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulatorregulator
regulator
IC Markets
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
Yes
Proprietary Platform
Yes
Min. Deposit
USD 200
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulatorregulator
FP Markets
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
Yes
Proprietary Platform
Yes
Min. Deposit
AUD 100
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulator
Fusion Markets
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
Yes
Proprietary Platform
Yes
Min. Deposit
AUD 0
Max. Leverage (forex)
500:1
Regulated By
regulatorregulatorregulator
Find Your Ideal Forex Broker

Compare Forex Brokers

  • Find the best broker for your trading needs
  • Compare spreads, fees, and platforms
  • Read in-depth reviews and analysis

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

Pepperstone

Best for: Filipino traders looking for ultra-low spreads and flexible platform choices

4.61
81.3% of retail CFD accounts lose money with this provider

Min. Spread

0 pips

Regulation

CMA, BaFin, ASIC, FCA, CySEC

Min. Deposit

USD 0

Platforms

Pepperstone Platform, TradingView, cTrader, MT5, MT4

Max Leverage

1000:1

Why Pepperstone Stands Out

  • Multiple Platforms Including cTrader

    Offers MetaTrader 4, MetaTrader 5, TradingView, an in-house platform, and cTrader — ideal for beginners to algorithmic traders

  • Institutional-Grade Spreads

    Spreads start from 0.0 pips on Razor accounts with an average EUR/USD spread under 0.1 pip during peak hours

  • No Dealing Desk Execution

    Ensures lightning-fast order fills and minimal slippage — crucial during high volatility

  • Smart Trader Tools for MT4/MT5

    Includes sentiment indicators, alarms, and trade analysis dashboards not found on standard platforms

Why Pepperstone Falls Short

  • No Local Bank Funding for the Philippines

    Filipino traders must use e-wallets or international cards — may incur fees

  • Limited Educational Webinars for the Philippines Time Zone

    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

Final Verdict: Is Pepperstone right for you?

Trade if:

  • You value tight spreads and multiple advanced platforms
  • You plan to use EA, scalping, or news trading strategies

Consider Alternatives:

  • You want seamless local bank deposits and withdrawals
  • You prefer in-depth tutorials hosted in your local language/time zone
Visit Broker
Accepts clients from the Philippines pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4, MT5, cTrader and TradingView platforms supported. Pepperstone Group is regulated by the FCA, ASIC, SCB, DFSA and CMA.

AvaTrade

Best for: Filipino traders who prefer simplicity and built-in risk management on a mobile-first platform

4.59
76% of retail CFD accounts lose money with this provider

Min. Spread

0.9 pips

Regulation

FRSA, CBI, FSCA, ASIC, CySEC

Min. Deposit

USD 100

Platforms

AvaOptions, Avatrade Social, MT5, MT4

Max Leverage

400:1

Why AvaTrade Stands Out

  • AvaTradeGO Mobile App

    One of the best-reviewed mobile platforms globally—intuitive, fast, and rich in market sentiment tools

  • AvaProtect Loss Protection

    Unique tool that refunds your losses within the protected time frame—not found in other brokers

  • Integrated Copy & Social Trading

    ZuluTrade and DupliTrade allow auto-trading from top-performing strategies

  • Multi-Regulated Globally

    Strict compliance ensures safety for Filipino traders — regulated by ASIC, FSCA, CySEC, and more

Why AvaTrade Falls Short

  • Limited MetaTrader Custom Indicators

    Many features are exclusive to AvaTradeGO, not available in MT4/MT5

  • No Instant Local Support in the Philippines

    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

Final Verdict: Is AvaTrade right for you?

Trade if:

  • You prefer a mobile-first platform with loss protection
  • You want to follow pro traders with minimal manual work

Consider Alternatives:

  • You rely on advanced MetaTrader indicators or EAs
  • You want local support or bank transfer in PHP
Visit Broker
Accepts clients from the Philippines. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by CBI, ASIC, FSCA, BVI FSC & FSA.

NAGA

Best for: Filipinos looking for a social trading platform similar to a social media experience

4.14
77.41% of retail CFD accounts lose money with this provider

Min. Spread

0.7 pips

Regulation

BaFin, CySEC

Min. Deposit

USD 10

Platforms

NAGA Web App, MT5, MT4

Max Leverage

1000:1

Why NAGA Stands Out

  • Fully Integrated Social Feed

    Copy trades, comment, and interact with traders directly — like Facebook for traders

  • Revenue for Being Copied

    Earn from your trading performance as others copy your trades — great for growing traders

  • All-in-One Platform

    Trade Forex, crypto, stocks, and indices without switching apps

  • Risk Scoring System

    See trader ratings based on risk, not just profits — helps you follow wisely

Why NAGA Falls Short

  • Higher Spread on Major Pairs

    EUR/USD spreads can be 1.6+ pips on Standard accounts — higher than industry leaders

  • Copy Trading Fees Apply

    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

Final Verdict: Is NAGA right for you?

Trade if:

  • You want a Facebook-like interface for trading and social sharing
  • You aim to become a signal provider and earn from followers

Consider Alternatives:

  • You want ultra-low spreads for scalping
  • You need advanced order types or strategy builders
Visit Broker
Accepts clients from the Philippines. Average spread EUR/USD 1.70 pips on trading account with lowest minimum deposit of 10 USD. Max leverage 1000:1. Islamic account available. MT4/MT5 platform supported. NAGA is regulated by CySEC, BaFin, and SVG FSA.

HFM

Best for: Filipino beginners who want education, bonus capital, and local bank options

4.43
72.90% of retail CFD accounts lose money with this provider

Min. Spread

0.0 pips

Regulation

FSA-Seychelles, FSC, DFSA, FSCA, FCA, CySEC

Min. Deposit

USD 0

Platforms

HFM Trading App, MT5, MT4

Max Leverage

2000:1

Why HFM Stands Out

  • Local Deposit/Withdraw in PHP

    Direct bank funding from BDO, BPI, Metrobank without FX conversion

  • Up to 100% Deposit Bonus

    Ideal for low-capital traders to gain higher margin with lower risk

  • Multilingual Learning Hub

    Plenty of beginner resources, videos, and trading tools in English and Taglish

  • Flexible Account Types

    Micro, Premium, and Zero Spread accounts to suit every level

Why HFM Falls Short

  • Bonus Conditions Must Be Met for Withdrawal

    Traders need to read bonus rules to avoid forfeiting funds

  • No cTrader or custom platform

    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

Final Verdict: Is HFM right for you?

Trade if:

  • You want to trade in PHP and access education in English
  • You’re starting small and want bonus margin support

Consider Alternatives:

  • You need commission-free trading with advanced platforms
  • You prefer proprietary platforms or mobile-first apps
Visit Broker
Accepts Filipino Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 2000:1. Islamic account available. MT4 & MT5 platforms supported. HF Markets Group is regulated by the FSCA, FCA, FSC, and the DFSA. HF Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with registration number 22747 IBC 2015.

FBS

Best for: New traders in the Philippines who want zero-risk practice and Cent accounts

4.33
69.21% of retail CFD accounts lose money with this provider

Min. Spread

0.7 pips

Regulation

FSC, FSCA, ASIC, CySEC

Min. Deposit

USD 5

Platforms

FBS App, MT5, MT4

Max Leverage

3000:1

Why FBS Stands Out

  • Cent Account to Trade Live with only 100 PHP

    Ideal for absolute beginners — risk only cents, not dollars

  • Free $140 No-Deposit Bonus

    Try real-market trading without funding your account — great for cautious starters

  • Beginner-Friendly CopyTrade App

    Copy top-performing traders without technical knowledge

  • Supports MT4, MT5, and a Proprietary App

    Switch easily between platforms depending on skill level

Why FBS Falls Short

  • Spreads Higher on Standard Accounts

    Cent and bonus accounts have wider spreads — affects scalping performance

  • Withdrawal from bonus profits has limits

    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

Final Verdict: Is FBS right for you?

Trade if:

  • You want to test trading with $3 and low risk
  • You need a simple copy trading experience

Consider Alternatives:

  • You prefer raw spreads or fixed-fee trading
  • You want to fully withdraw all profits from bonus funds
Visit Broker
Accepts clients from the Philippines. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 3000:1. Islamic account available. MT4 & MT5 platforms supported. FBS is regulated by CySEC, ASIC, FSCA, and the FSC.
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Guide to the Best Trading Platforms

This guide will help you understand what trading platforms are and find the one that suits your experience, trading style, and goals, with intuitive features, advanced tools, and reliable execution.

What is a Forex trading platform?

Trading platforms are software tools that connect Filipino traders to the Forex market through brokers, enabling real-time price access, charting, order execution, account management, and risk control. Available as desktop, web, or mobile apps, they are either third-party (e.g., MetaTrader 4/5, cTrader, TradingView), used by brokers such as Pepperstone, NAGA, or FBS, or proprietary, like AvaTrade’s AvaTradeGO, designed for user-friendly trading.

A platform’s performance directly impacts trading success, affecting chart responsiveness, execution speed, stop-loss functionality, technical indicators, automation, and access to support. For Filipino traders, platforms with low-latency execution, robust mobile apps, and regulation from trusted international authorities such as ASIC (Australia), CySEC (Cyprus), or the FCA (UK) are essential to ensure both safety and competitive pricing.

What is the difference between a trading platform and a Forex broker?


A trading platform is software that provides market access, displays price charts, executes orders, and offers analysis tools. A Forex broker is the financial provider connecting you to the market, supplying liquidity, setting pricing (spreads/commissions), providing leverage, and managing your account. You trade through the platform with the broker.

For example, MetaTrader 4 is a platform used via brokers like Pepperstone, AvaTrade, or FBS, who handle order routing, spreads, and funds. Both are essential, working together.

Comparing the Best Forex Trading Platforms

The most popular trading platforms used by traders in the Philippines are MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView. These platforms are known for their reliability, fast execution, and powerful trading tools.

In addition to these, many Forex brokers also offer their own proprietary trading platforms—custom-built platforms designed for ease of use or specialised features. All major platforms, including broker platforms, are also available as mobile apps, so you can trade anytime, anywhere—even from your smartphone.

Each platform has its strengths, and the best choice will depend on your trading style, whether you rely on expert advisors (EAs), prefer manual charting, or want more in-depth market data.
Here’s a quick comparison of the key features of the four most widely used 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 Check Mark Green Check Mark Green Check Mark Green Check Mark Green
Indicators 31 38 55 100+
Pending Order Types 4 6 4 6
Depth of Market X Mark Red Check Mark Green Check Mark Green Check Mark Green
Integrated Economic Calendar X Mark Red Check Mark Green Check Mark Green Available as a widget
One-Click Trading Check Mark Green Check Mark Green Check Mark Green Check Mark Green
Trailing Stop Check Mark Green (But from the terminal side) Check Mark Green (But from the terminal side) Check Mark Green Check Mark Green
Sentiment Display X Mark Red X Mark Red Check Mark Green Check Mark Green
Coding Language MQL4 MQL5 C# Pine Script

MetaTrader 4: Timeless Reliability for Beginners and EA Users

MetaTrader 4, launched in 2005, remains the backbone of retail forex trading thanks to its universal support from brokers and a massive marketplace of indicators and automated strategies (Expert Advisors). It connects through your broker’s server and offers real-time charts, order execution, and basic script automation via MQL4.

Suitable for beginners learning the ropes, manual traders growing in confidence, and those wanting to deploy or test EAs from the community. Despite newer alternatives, MT4 continues to combine simplicity, stability, and depth of community support, making it ideal for those getting started with minimal technical overhead. The platform is available at AvaTrade, Pepperstone, NAGA, HFM, and FBS.

MetaTrader 5: Robust Multi-Asset Capability for Strategy Developers

MetaTrader 5 builds on MT4’s popularity but adds a more modern interface, greater financial instrument coverage, and advanced features like an integrated economic calendar, market depth (Level II pricing), extended built-in indicators, and multi-threaded backtesting for EAs using MQL5. The platform is available at Pepperstone, AvaTrade, NAGA, HFM, and FBS.

Who should use it: Traders who seek to diversify beyond forex into stocks or commodities, algorithmic traders requiring faster backtesting and order depth, or those planning to grow into sophisticated strategies. Though the interface can be slightly more complex, its power and speed justify the learning curve.

cTrader: Designed for ECN Traders and Precision Execution

cTrader was developed specifically for ECN-style execution and is favoured by brokers like Pepperstone, FP Markets, FxPro and IC Markets. It offers Level II market depth, visual order book insights, clean and modular charting with detachable frames, and a C#-based automation environment through cBot automation.

Ideal users are scalpers, day traders, and precision traders who demand raw spreads, transparent execution, and fast order placement. cTrader gives traders full control, minimal slippage, and a polished user interface for those who prioritise data clarity and speed.

TradingView: Chart-Centric Interface with Social and Analytical Power

Originally a community-driven, browser-based charting platform, TradingView now integrates with various brokers, allowing live trading directly from its interface. It includes Pine Script—a simple scripting language—and over one hundred built-in indicators. TradingView is available at Pepperstone, FP Markets, IC Markets, and FxPro. Traders should be aware that there are costs associated with using TradingView.

Best for technical traders, strategy developers, and anyone who values visual clarity, community-shared trading ideas, and backtesting within charts. TradingView shines when combined with an execution platform. It’s less about order execution and more about market insight, analysis, and idea sharing.

Broker-Owned Platforms: Simplicity Meets Speed for Mobile or Beginner Traders

Platforms like AvaTrade’s AvaTradeGO, and trading apps by brokers like Pepperstone and FBS are built in-house by brokers. They emphasise onboarding ease, intuitive interfaces, and mobile-first experiences without the complexity of MT4 or cTrader.

Ideal for new traders wanting an uncomplicated trading environment, those relying on mobile execution or copy trading features, and anyone who prioritises support, education, and a polished experience over deep customisation. These platforms are often integrated with learning centres or social trading tools.

"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."

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Frequently Asked Questions

Learn about trading platform basics: fees, demo accounts, automation, available assets, technical indicators, order execution, fund safety, trading hours, and starting capital requirements.

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Best Brokers in the Philippines

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How does Forex Trading Work?

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.

Forex Brokers for Beginners

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.

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts and an experienced financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Ida Hermansen

Financial Writer

Ida Hermansen
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. With a background in digital marketing, SEO, and content strategy, Ida combines her analytical skills with clear, engaging writing to help traders navigate the ever-evolving financial markets. She stays up to date with the latest Forex and crypto developments, researching the best trading environments for new and experienced traders alike.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

                

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