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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.
Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.
MetaTrader 4 (MT4) has remained the most widely used Forex trading platform for nearly 20 years. Fast, lightweight, and highly customisable, it delivers precise charting, robust automated trading via Expert Advisors (EAs), and reliable execution across market conditions.
Because almost every Forex broker offers MT4, choosing the right one can be challenging. The brokers featured on this page stand out for their tight spreads, strong regulation, high-quality execution, and overall MT4 performance. Our team has tested more than 180 brokers to highlight the best MT4 options for different trading styles, experience levels, and budgets.
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.
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Broker | Official Site | Regulated By | Website Language: English | Support Language: English | Compare | |||||
|---|---|---|---|---|---|---|---|---|---|---|
 | USD 0 | 1000:1 |        | 1597 | 90 | Yes | Yes | |||
 | USD 3 | Unlimited:1 |      | 221 | 100 | Yes | Yes | |||
 | USD 100 | 400:1 |     | 930 | 63 | Yes | Yes | |||
 | USD 5 | 500:1 |  | 1554 | 57 | Yes | Yes | |||
 | USD 10 | 1000:1 | | 2193 | 49 | Yes | Yes | |||
 | USD 0 | 2000:1 | | 1230 | 53 | Yes | Yes | |||
 | USD 200 | 500:1 | | 1744 | 64 | Yes | Yes | |||
 | AUD 100 | 30:1 | | 10162 | 70 | Yes | Yes | |||
 | USD 5 | 3000:1 | | 573 | 72 | Yes | Yes | |||
 | AUD 0 | 500:1 |  | 247 | 81 | Yes | Yes |
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Find Your Ideal Forex Broker
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0 pips
CMA, BaFin, SCB, DFSA, ASIC, FCA, CySEC
USD 0
Pepperstone Platform, TradingView, cTrader, MT5, MT4
1000:1
Pepperstone uses Equinix servers and offers average execution speeds under 30ms—critical for scalpers and EA users on MT4.
Offers spreads from 0.0 pips with just $3.50 per side commission. Suitable for day traders who prioritise pricing efficiency.
It provides 28 extra indicators and EAs via a proprietary add-on package for MT4, which is not commonly found at other brokers.
24/5 support with dedicated help for Filipino traders via chat and localised account setup assistance.
Unlike regional brokers, Pepperstone does not offer welcome bonuses or rebates for new clients.
Requires more capital to access the lowest spreads, possibly limiting entry for budget-conscious traders.
Pepperstone | Best for: Filipino traders looking for fast execution and low spreads on MT4
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0.1 pips
JSC, CMA, FSA-Seychelles, FSC, B.V.I FSC, FSCA
USD 3
Exness Terminal, MT5, MT4
Unlimited:1
After meeting basic requirements, Filipino users can unlock unlimited leverage on MT4—rare in global brokers.
Supports GCash, bank transfers, and other local channels with 24/7 automated processing, a major plus for PH traders.
Exness integrates enhanced charting and order management within the classic MT4 terminal.
Users can link their accounts to Exness Social Trading directly via the MT4 environment.
Traders must reach at least 5 lots and avoid high-volatility news periods to qualify.
Exness provides fewer beginner-focused guides or webinars compared to competitors.
Exness | Best for: Filipino traders wanting high leverage and automated trading with MT4
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0.9 pips
ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC
USD 100
AvaOptions, Avatrade Social, MT5, MT4
400:1
AvaTrade adds AvaProtect—a risk management tool that refunds losses for covered trades, available only through its MT4 terminal.
MT4 accounts can be linked with third-party copy platforms for signal-based trading with minimal manual input.
Users can select stable spreads during news or use variable spreads for tighter pricing.
Offers detailed guides, tutorials, and multilingual support, including Filipino support agents.
Spreads are competitive but not as tight as ECN brokers like Pepperstone or IC Markets.
Account options and leverage levels are fixed by regulation, limiting flexibility.
AvaTrade | Best for: Filipino traders seeking risk-managed MT4 trading with copy trading options
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0.6 pips
DFSA, FSC, ASIC, CySEC
USD 5
MT5, MT4
500:1
XM provides a risk-free $30 bonus for new MT4 users—ideal for learning under real conditions.
Allows small trades with micro lots, perfect for practicing without high risk.
Offers weekly webinars, tutorials, and platform guides focused on MT4 basics and strategies.
Regular deposit bonuses and point-based rewards add value for long-term users.
Spread-based trading only; commissions can’t be separated.
Less emphasis on advanced MT4 add-ons compared to Pepperstone.
XM | Best for: Filipino beginners who want MT4 education, bonuses, and small deposit options
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0.7 pips
FRSA, FSA-Seychelles, CySEC
USD 10
NAGA Web App, MT5, MT4
1000:1
Allows you to mirror top traders while placing your own trades from one unified MT4 dashboard.
Track and follow top earners with full performance stats linked to real MT4 accounts.
Built-in ecosystem for managing funds and engaging with the community without leaving MT4.
Regulated in multiple jurisdictions with investor protections in place.
MT4 trades via NAGA are subject to standard spreads—no ECN pricing available.
While crypto and stocks are supported, the asset list is smaller than that of IC Markets or Exness.
NAGA | Best for: Filipino traders who want to combine social and manual MT4 trading
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MetaTrader 4 (MT4) is the world’s most popular Forex trading platform. Known for its speed, reliability, and flexibility, MT4 offers advanced charting, custom indicators, and full support for automated trading through Expert Advisors (EAs). It connects directly to your broker’s pricing and execution and is available on desktop, web, and mobile.
MetaTrader 4 is a trading interface you install on desktop, open in a browser, or run on mobile. Your broker operates the MT4 server behind the scenes, connecting the platform to live pricing and handling every order request. When you open or close a trade, MT4 simply transmits the instruction—your broker determines how it’s executed.
What this means in practice:
Released in 2005, MT4 remains the most widely used Forex trading platform thanks to a combination of speed, stability, and an unmatched ecosystem of trading tools.
Why Traders Continue Choosing MT4
For many traders, these strengths outweigh MT4’s dated interface and limited built-in features.
While MT4 remains the dominant Forex platform, MT5, cTrader, and TradingView provide more modern features. The right choice depends on your trading style and asset preferences.
MT4 is ideal for Forex-only traders or those who rely on long-tested MQL4 EAs. MT5 suits traders who want multi-asset access, more timeframes, more order types, and faster backtesting.
| Feature |
MT4 |
MT5 |
|---|---|---|
|
Best For |
Forex-only traders |
Multi-asset traders |
|
Programming |
MQL4 |
MQL5 (faster, more flexible) |
|
Timeframes |
9 |
21 |
|
Pending Orders |
4 |
6 |
|
Backtesting |
Local, single-thread |
Multi-thread + cloud |
|
Interface |
Dated |
More modern |
cTrader offers a modern interface, superior built-in charting, and ECN-style execution. MT4 remains the better choice for traders who rely heavily on custom indicators, EAs, and established workflows.
TradingView delivers industry-leading charting and a strong social community. MT4 excels at trade execution and automated trading. Many traders analyse on TradingView and execute trades on MT4 to combine the strengths of both platforms.
Most traders spend their time in MT4’s charting window, which is a key reason for its lasting popularity.
These tools allow traders to create a clean, efficient workspace suited to any strategy.
Setting up MetaTrader 4 is straightforward, and most brokers make the process beginner-friendly. A demo account is the safest way to learn the platform before trading real money.
Select a well-regulated broker offering tight spreads, fast execution, and strong oversight. Your broker—not MT4—determines your trading conditions.
A free MT4 demo account mirrors real market conditions and helps you practise placing trades, managing risk, and navigating the platform.
MT4 is available in three main formats:
Your broker will provide the correct download links and server settings.
MT4 accounts are created by your broker. Use the login details in the welcome email to connect your MT4 terminal.
Get familiar with:
Practise on demo first. When going live, start small and scale up as your confidence grows.
MT4 supports copy trading through its built-in Signals service and third-party integrations.
How copy trading works:
Copy trading is useful for learning from experienced traders, but results are not guaranteed. Always review a provider’s history and risk profile.
Expert Advisors allow MT4 to run automated strategies written in MQL4. EAs can analyse markets, open trades, and manage positions without manual input.
Key EA features:
Automated trading requires supervision. Poorly designed EAs can be risky, and markets can behave unpredictably. Always test EAs on a demo account first.
While MT4 is still the most widely used Forex trading platform, it has notable limitations:
The MT4 software is free, but trading on it involves several broker-controlled costs:
Your total trading cost depends far more on your broker than on the platform itself.
Since most brokers offer MT4, key differences come from regulation, pricing, and execution.
Choose brokers regulated by authorities such as FCA, ASIC, CySEC, or MAS. Strong regulation ensures client-fund protection and transparent operations.
Compare spreads, commissions, and swap rates—especially on the instruments you trade most.
Execution is entirely broker-dependent. Look for stable, low-slippage execution on ECN, STP, or DMA-style accounts.
Select between Standard, Raw/ECN, micro/cent, or Islamic accounts based on your strategy and deposit size.
Some brokers offer upgraded MT4 tools, such as custom indicators, trading utilities, or VPS services.
Ensure the broker supports the MT4 formats you need—desktop (essential for EAs), WebTrader, and mobile.
MT4 works across multiple devices, though each version offers different capabilities.
The desktop version remains the most powerful and flexible option.
Despite its age, MetaTrader 4 remains the leading platform for retail Forex traders thanks to its stability, fast execution, and strong technical analysis tools. Its huge ecosystem of EAs, indicators, and community resources continues to set it apart from newer platforms.
However, MT4 is only as effective as the broker you use. Regulation, spreads, execution quality, and support ultimately determine your trading conditions. With a well-regulated broker and disciplined risk management, MT4 remains a reliable and versatile choice for traders of all experience levels in 2025.
Find quick answers to the most common questions traders ask about the MT4 platform and its features.
No. MT4 is a trading platform. To trade live markets, you must open an account with a Forex/CFD broker that supports MT4 and log in using the credentials the broker provides.
Yes. MT4 is free to download and use for both demo and live accounts. Your trading costs come from the broker — spreads, commissions, and overnight financing.
MT4 uses encrypted, secure data transmission. Your safety ultimately depends on using a regulated broker that protects client funds and offers negative balance protection.
MT4 was built for Forex, but most brokers also offer CFDs on indices, commodities, metals, and sometimes cryptocurrencies. The available instruments depend on the broker.
MT4 focuses on Forex and uses MQL4, while MT5 is a multi-asset platform with more timeframes, more order types, and the more advanced MQL5 language. MT4 EAs do not work on MT5.
Yes. MT4 fully supports automated trading through Expert Advisors (EAs). You can download or purchase EAs or build your own using MQL4. Always test EAs on a demo account first.
Yes. MT4 is widely available on Android and via WebTrader. Mobile MT4 is ideal for monitoring and managing trades, while the desktop platform is better for analysis and automated trading.
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.
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