Introduction

For Filipino traders, MetaTrader remains the go-to standard for forex thanks to its speed, algorithmic trading (EAs), and vast indicator ecosystem—now fully available again on iOS after a brief 2022 removal and subsequent reinstatement in 2023. In 2025, the top MetaTrader forex brokers combine strong global regulation, tight pricing, and reliable execution with convenient funding for Philippine-based clients. This guide spotlights the best MT4/MT5 brokers for traders in the Philippines right now, plus regulatory context and practical selection tips tailored to local needs.

Is Forex Trading Legal in the Philippines?

Forex trading is legal for individuals, but there‘s no large domestic industry of licensed online retail brokers—Filipino traders typically use reputable overseas brokers instead. The Bangko Sentral ng Pilipinas (BSP) regulates FX flows and authorized agent banks, while the SEC polices securities offerings; neither bans individuals from using foreign brokers, but both caution against scams and unlicensed solicitations. In April 2025, the BSP updated FX derivatives rules via Circular No.1212 to curb speculation and emphasize legitimate hedging, reinforcing the regulator’s intent to keep currency markets disciplined and transparent.

MetaTrader in 2025: What‘s New and Notable

• MT4/MT5 mobile apps were reinstated on Apple’s App Store in March 2023 and remain available; desktop and Android access were unaffected, keeping MetaTrader a premier multi-device platform.
• MetaTraders popularity persists for expert advisors, advanced charting, and deep third‑party tool support; many leading global brokers still prioritize MT4/MT5 alongside proprietary platforms.
• Expect rolling platform updates from MetaQuotes and brokers; for example, brokers have notified clients of 2025 MT4/MT5 update requirements to maintain connectivity and features.

How We Chose the Best MetaTrader Forex Brokers

• Regulation and trust: top-tier licenses and a long track record.
• MT4/MT5 quality: low-latency execution, plugin suites, and EA support.
• Pricing: consistently tight spreads and fair commissions for active trading.
• Product range: majors, minors, exotics, plus CFDs where available.
• PH-friendly funding: bank cards, e‑wallets, and bank transfer options that Filipino traders commonly use.
• Education/tools: research, Autochartist, Smart Trader Tools, and analytics.

Best MetaTrader Forex Brokers in the Philippines (2025)

These brokers accept Filipino clients and offer compelling MT4/MT5 experiences, based on 2025 industry testing and awards.

1) IG — Best Overall MT4 Experience for 2025

IG topped major global rankings for overall forex in 2025 thanks to superb execution, breadth of markets, and education; it supports MetaTrader with robust add‑ons and tight pricing. For Filipino traders, IGs MT4 setup pairs strong reliability with pro‑grade research and risk tools—ideal for both discretionary and EA‑driven strategies.

• Why it stands out: award-winning overall broker, strong MT4 support, and deep research.
• Consider if: prioritizing trust, platform stability, and quality market intel over the absolute lowest commission headline.

2) OANDA — User-Friendly with Solid MT4 Support

OANDA is known for transparent pricing, reliable execution, and extensive educational content, and remains a go‑to for MT4 traders who value straightforward conditions and robust analytics. While often paired with its proprietary platform, OANDAs MT4 implementation remains polished and beginner‑friendly.

• Why it stands out: clean pricing, good research/education, dependable MT4 experience.
• Consider if: seeking a trusted environment to grow from demo to live with MT4.

3) Pepperstone — Excellent for EAs, Copy Trading, and MT4/MT5 Tooling

Pepperstone offers MT4/MT5 plus cTrader and TradingView, catering to algo traders and system testers with raw spreads from 0.0 pips plus commission, Smart Trader Tools, Autochartist, and multiple copy‑trading options. Its execution quality and platform breadth make it a favorite for strategy diversification.

• Why it stands out: market‑leading MT4/MT5 upgrades, EA/copy trader friendly, and sharp pricing.
• Consider if: running automated systems, scalping, or managing signals across platforms.

4) Interactive Brokers (IBKR) — Low Costs and Institutional-Grade Access

IBKR is frequently recognized for ultra‑low costs, massive market access, and professional infrastructure; while many use its proprietary stack, IBKRs low-fee ethos and execution quality appeal to sophisticated forex traders in 2025. Pair with MT‑compatible bridges where applicable or mix workflows across platforms for strategy execution.

• Why it stands out: industry‑leading overall costs and breadth for active traders.
• Consider if: prioritizing cost efficiency and access to a vast multi‑asset universe.

5) Admirals (Admiral Markets) — MT4/MT5 Supreme Edition and Deep Research

Admirals supports MT4/MT5 with a “Supreme Edition” suite that adds custom indicators and plugins, backed by multi‑jurisdiction regulation and rich market analysis—useful for PH traders who want enhanced technicals on MetaTrader. Its research, economic calendars, and education complement systematic trading on MT4/MT5.

• Why it stands out: upgraded MetaTrader toolset plus strong research coverage.
• Consider if: combining technical depth with daily market insights on MT4/MT5.

6) MultiBank Group — Accessible Minimums and Strong Global Oversight

MultiBank Group offers MT4/MT5 with low minimums (from $50), widespread regulation, and conditions suited to CFD and high‑volume traders, coupled with negative balance protection. Filipino clients gain access to flexible account types and broad instrument coverage on MetaTrader.

• Why it stands out: easy entry, broad regulation, NBP, and MT4/MT5 access.
• Consider: starting with smaller deposits or prioritizing multiple MT account types.

7) Eightcap / FP Markets / IC Markets / Tickmill — Competitive MT4/MT5 Specialists

Independent 2025 roundups for the Philippines highlight these brokers for tight spreads, fast execution, and strong MetaTrader support, with each offering different strengths in pricing, tooling, and funding. These options are well‑suited to active MT4/MT5 traders seeking low costs.

• Why they stand out: tight pricing, EA‑friendly conditions, and solid MT4/MT5 stability.
• Consider if: focusing on raw‑spread accounts, scalping, or EA execution on MetaTrader.

8) AvaTrade — MT4/MT5 With Risk Tools and Simple Pricing

AvaTrade offers commission‑free accounts with competitive spreads, wide asset coverage, and platforms including MT4/MT5 and AvaTradeGO, appealing to Filipino traders who value simplicity plus options like AvaProtect for defined‑risk trading.

• Why it stands out: easy onboarding, clean pricing, and helpful risk features.
• Consider if: seeking MT4/MT5 access with straightforward fees and supportive tooling.

Tips for Filipino Traders Choosing a MetaTrader Broker

• Check regulation and reputation first, then evaluate spreads/commissions and execution speed for the specific pairs traded most often (e.g., USD/PHP exposures if available via CFDs).
• Confirm PH‑friendly deposits/withdrawals—brokers commonly support cards, bank transfers, and popular e‑wallets; some guides highlight local conveniences like GCash/Maya or local bank rails where available.
• Verify MT4/MT5 plugin support (Smart Trader Tools, Autochartist), EA compatibility, VPS options, and copy‑trading if needed.
• Stay aware of scams and unlicensed solicitations; rely on established brokers and avoid “guaranteed profit” pitches, which PH regulators warn against.
• For corporates hedging FX, note BSP Circular No.1212s focus on genuine exposures and prohibition on speculative derivatives; retail traders should understand that onshore banks restrict derivative usage to hedging.

Frequently Asked Questions

• Are MT4/MT5 banned? No—after a 2022 iOS removal, both apps were reinstated on Apples App Store in March 2023 and remain available; desktop and Android access continued throughout.
• Which broker is “best”? Awards in 2025 place IG at or near the top overall, while EA/copy specialists often prefer Pepperstone; value‑seekers gravitate to IBKRs cost structure, and many beginners find OANDA or AvaTrade approachable on MT4/MT5.
• Do Philippine rules restrict retail forex? Individuals commonly use overseas brokers; BSPs 2025 circular targets banks and corporates using derivatives for hedging, not retail speculation via offshore brokers, though regulators urge caution and due diligence.

Conclusion

In 2025, MetaTrader remains a powerhouse for Filipino forex traders—now fully accessible across devices—with a deep broker lineup led by IG, OANDA, Pepperstone, IBKR, Admirals, MultiBank, and other MT4/MT5 specialists. The best choice hinges on priorities: award‑winning trust and research (IG), user‑friendly stability (OANDA), EA/copy trading power and raw pricing (Pepperstone), ultra‑low costs (IBKR), or enhanced MT tooling and insights (Admirals). Pair a reputable, well‑priced MetaTrader broker with disciplined risk management and awareness of the Philippine regulatory context to trade smarter in 2025.

• IG: best overall foundation for MT4 in 2025.
• Pepperstone: best for EAs/copy with strong MT4/MT5 add‑ons.
• IBKR: best for cost‑conscious multi‑asset traders.
• OANDA/AvaTrade: best for simplicity and education‑first setups.

Trade only with well‑regulated brokers, maintain strict risk controls, and stay current on BSP/SEC guidance to keep forex trading safe and sustainable in the Philippines.

Note: Don't get lured easily by cloned and unregulated brokers in the market. Scan the QR code below to download and install the WikiFX app on your smartphone for quick verification.