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Verified Oct 8, 2026
Best MT5 Forex Brokers in Philippines
Last updated October 9, 2026
The top regulated brokers offering MT5 accounts to Philippines traders — compared on spreads, fees, regulators, and minimum deposit.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated by SEC (Securities and Exchange Commission Philippines), BSP (Bangko Sentral ng Pilipinas)Local deposits: Bank Transfer, Visa / MastercardAccounts in PHP (Philippine Peso)
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every Philippines page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for MT5 in Philippines
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for MT5 in Philippines
Vantage
Offers MT5Min. deposit $50
- Offers MT5
- Regulated: ASIC, FCA
- Minimum deposit $50
ASIC, FCA
#2 · Best alternative
Tickmill
Offers MT5Min. deposit $100
- Offers MT5
- Regulated: FCA, CySEC
- Minimum deposit $100
FCA, CySEC
Why these two
Both brokers here are confirmed to offer MT5 for Philippines traders — this list only includes brokers we've verified have this specific feature, not every broker that's generally popular in Philippines.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What do MT5 brokers actually cost Philippines traders?
Across the 12 MT5 brokers available to Philippines traders on this page, the median researched EUR/USD spread is 0.05 pips, ranging from 0.0 to 1.3 pips, with 11 of those figures taken from the broker's own published specification.
MT5 brokers for Philippines traders
MetaTrader 5 is the successor to MT4, offering 21 timeframes, built-in depth of market, a more powerful back-testing engine, and multi-asset support. Our current ranking starts with Vantage where it is available, followed by Tickmill, FP Markets, and IC Markets. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 12 brokers for Philippines traders. The median minimum deposit across the listed brokers is $10 — low — most traders can start with a modest balance. Local oversight for Philippines traders sits with SEC Philippines. The Philippine SEC does not issue licenses for retail forex/CFD brokers. Traders often rely on offshore brokers regulated by tier-1 authorities (like FCA or ASIC). Verify that a broker has no active SEC advisory against it. Oversight relevant to traders in the Philippines sits with SEC Philippines. Locally, traders in the Philippines can fund accounts through GCash, GrabPay, Maya at brokers that support them — a rail that is unavailable in most other markets. Brokers rarely offer PHP-denominated accounts, so traders in the Philippines usually fund in USD and carry an FX conversion cost on deposit and withdrawal.
Country Offers
Browse All PromotionsAvailable offers for Philippines traders
Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.
Cashback / Rebate
FP Markets
ASIC (Australia)Refer a Friend: Earn up to $200
Referral bonus pays $50-$200 after a friend funds and trades the required volume.
Verified Sep 15, 2026
Libertex
CySEC (Cyprus)100% Welcome Bonus up to $10,000
100% welcome bonus up to $10,000 on first deposit (min $100). 10% commission cashback.
Verified Sep 15, 2026
Philippines Trading Guide
Regulated by
SEC (Securities and Exchange Commission Philippines), BSP (Bangko Sentral ng Pilipinas)
Legal status
Retail forex dealing is not licensed in the Philippines. The SEC publishes advisories against unregistered offshore brokers and warns that promoters and endorsers can face liability.
Accounts in
PHP (Philippine Peso)
Available in Philippines
Bank TransferVisa / MastercardDragonPay (Fusion Markets)Local conversion checklist
What Philippines traders should verify first
Regulation and legal status
Check SEC Philippines guidance, offshore entity disclosures, and whether the broker supports Filipino residents.
Local payment methods
Check the broker's own deposit page for a Philippines method (bank transfer, card, DragonPay). We name a local wallet only where we have seen it on the broker's site.
Metro Manila has been the strongest conversion signal, so this page should keep verified local payment options and beginner-friendly CTAs visible.
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Quick Rankings
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FIND MY BROKERKey Features for Philippine Traders
8 brokers · how we rank
Compare essential features of forex brokers available to traders in the Philippines.
| Broker | Withdrawal | FX commission | Time to open account | USDJPY spread | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.5 | $50 | 1-2 business days | $3.00/lot | Minutes | 0.3 | No tier-1 licence listed | ||
| 0.1 | $100 | 1 business day | $2/lot | Same day | 0.2 | No tier-1 licence listed | ||
| 0.0 pips (Raw) | $100 | Same day to 1 business day | $3/lot (Raw) | — | — | No tier-1 licence listed | ||
| 0.0 | $200 | 24-48 hours | $3.50/lot | 1 day | 0.0 | No tier-1 licence listed | ||
| 0.1 | $0 | 1-2 business days | $3.50/lot | Same day | 0.1 | No tier-1 licence listed | ||
| 0.4 | $10 | Instant for most electronic methods | None | Same day | 0.5 | No tier-1 licence listed | ||
| 0.0 pips (Commission-based) | $10 | 1-5 business days | From 0.003% per trade | — | — | No tier-1 licence listed | ||
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | No tier-1 licence listed |
Rank 01 · best overall
Spread
0.5
Min dep.
$50
Withdrawal
1-2 business days
FX commission
$3.00/lot
Time to open account
Minutes
USDJPY spread
0.3
Rank 02
Spread
0.1
Min dep.
$100
Withdrawal
1 business day
FX commission
$2/lot
Time to open account
Same day
USDJPY spread
0.2
Rank 03
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
FX commission
$3/lot (Raw)
Time to open account
—
USDJPY spread
—
Rank 04
Spread
0.0
Min dep.
$200
Withdrawal
24-48 hours
FX commission
$3.50/lot
Time to open account
1 day
USDJPY spread
0.0
Rank 05
Spread
0.1
Min dep.
$0
Withdrawal
1-2 business days
FX commission
$3.50/lot
Time to open account
Same day
USDJPY spread
0.1
Rank 06
Spread
0.4
Min dep.
$10
Withdrawal
Instant for most electronic methods
FX commission
None
Time to open account
Same day
USDJPY spread
0.5
Rank 07
Spread
0.0 pips (Commission-based)
Min dep.
$10
Withdrawal
1-5 business days
FX commission
From 0.003% per trade
Time to open account
—
USDJPY spread
—
Rank 08
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
FX commission
Confirm current terms directly
Time to open account
—
USDJPY spread
—
We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForFast account opening and ECN access.
Min Deposit$50
Vantage Review Summary
Vantage offers account opening in minutes and competitive spreads with a Philippines bank transfer method. Their RAW ECN account provides professional trading conditions for Filipino traders.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForUltra-low commission specialist.
Min Deposit$100
Tickmill Review Summary
Tickmill offers some of the lowest commissions at $2/lot on their Pro account. Ideal for active Filipino traders seeking tight spreads.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Very Low — compare account types before opening
Our Rating
4.5/5.0
Best ForECN pricing with a Philippines-facing site.
Min Deposit$100
FP Markets Review Summary
FP Markets offers true ECN pricing from 0.0 pips and runs a Philippines-facing site. Reviewers mention local wallets but we could not confirm them on FP Markets own pages, so we do not list them.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForBest raw spreads for professional traders.
Min Deposit$200
IC Markets Review Summary
IC Markets delivers true ECN pricing with spreads from 0.0 pips, ideal for scalpers and high-volume traders in the Philippines.
Pros
- Regulation varies by entity
- Minimum deposit: $200
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForRazor-sharp spreads and fast execution.
Min Deposit$0
Pepperstone Review Summary
Pepperstone offers institutional-grade execution with no minimum deposit, making them accessible to Filipino traders of all levels.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForHigh leverage and diverse platforms.
Min Deposit$10
RoboForex Review Summary
RoboForex offers flexible leverage options and supports crypto deposits. Their CopyFX platform allows following successful Filipino traders.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for zero-spread commission-based traders.
Min Deposit$10
Libertex Review Summary
Libertex is a multi-regulated broker with Libertex Web, Libertex Mobile, MT4, MT5 access, 0.0 pips (Commission-based) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for traders who have independently verified current terms and accept the trust concerns disclosed in our review.
Min Deposit$50
TIO Markets Review Summary
TIO Markets is a multi-regulated broker with MT4, MT5 access, From ~1.0 pips (confirm current terms) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
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July–August 2026, all Accurate signal groups combined, last platform audit 19 August 2026. Self-reported by Accurate Signals (shown in the member dashboard under Track Record) and not independently audited. Pips are not account profit. Past results do not guarantee future performance.
The 5-day VIP trial is free and needs no deposit. Ongoing access is funded through our VT Markets partnership — the registration link is pinned inside the community for when you are ready. Forex and CFD trading carries significant risk and can result in the loss of your capital. Never deposit money you cannot afford to lose. Past results do not guarantee future performance. This is general education, not financial advice.
All materials are prepared by the Introducer and VT bears no responsibility for the information and/or materials provided. All claims should be directed to the Introducer. All rights of VT and any affiliated entities trading under the "VT" trademark, brand or logo are reserved.
Frequently Asked Questions About MT5 Forex Brokers in Philippines
Frequently Asked Questions
All brokers listed on this page offer MetaTrader 5 to Philippines traders with full functionality. PHP deposits are supported and each broker is regulated by recognised authorities.
If you trade multiple asset classes, use advanced back-testing, or want more timeframes, MT5 is better. If your EAs are written in MQL4 and you only trade forex, MT4 works fine. Most brokers offer both — you can try each on a demo account.
Yes. Most forex brokers offer MT5 in hedging mode, allowing multiple positions on the same instrument — identical to MT4 behavior. Netting mode (single position per instrument) is available but rarely used in forex retail trading.
MQL4 EAs cannot run directly on MT5 — they must be converted to MQL5. The syntax is similar but not identical. Many popular EAs have both MQL4 and MQL5 versions available. For new EA development, MQL5 is the better choice.
MT5's multi-threaded back-testing engine is significantly faster. For live execution, the difference is marginal — both platforms route orders through the broker's server. The broker's execution infrastructure matters more than the platform choice.
The MT5 mobile app is more feature-rich than MT4's, with more chart types, more timeframes, and a built-in economic calendar. Both apps offer order management and account monitoring. Neither runs automated strategies — that requires desktop or VPS.
Forex trading in Philippines: The Philippine SEC does not issue licenses for retail forex/CFD brokers. Traders often rely on offshore brokers regulated by tier-1 authorities (like FCA or ASIC). Verify that a broker has no active SEC advisory against it. The market is overseen by SEC Philippines. Verify your own eligibility with the broker before funding an account — rules can change and we date-stamp this page when they do.
Top Searched Questions
Which brokers offer MetaTrader 5 in 2026?
Most major forex brokers now offer MT5 alongside MT4. MT5 brokers worth considering provide: access to stocks, indices, and crypto CFDs alongside forex; the depth-of-market window for seeing liquidity; 21 timeframes vs MT4's 9; and the built-in economic calendar. Check if they support hedging mode.
What advantages does MT5 have over MT4?
MT5 offers: 21 timeframes (vs 9 on MT4), built-in economic calendar, depth-of-market, 38 technical indicators (vs 30), 44 analytical objects (vs 31), multi-threaded strategy tester, and access to exchange-traded instruments. MT5 uses MQL5 which supports OOP programming for more complex EAs.
Is MT5 better than other trading platforms?
MT5 excels at multi-asset trading (forex + stocks + crypto CFDs) and algorithmic strategy development. TradingView beats it for charting and social features. cTrader offers better Level II pricing. MT4 has a larger EA library. Choose MT5 if you need multi-asset access with strong automation capabilities.
Information automatically localized based on "mt5 brokers" and related trends.
Sources & References
- Exness — published spread specification— Exness (2026)
- Pepperstone — published spread specification— Pepperstone (2026)
- XM — published spread specification— XM (2026)
- IC Markets — published spread specification— IC Markets (2026)
- Tickmill — published spread specification— Tickmill (2026)
- FP Markets — published spread specification— FP Markets (2026)
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.
How we measured this — MT5 brokers for Philippines traders
Across the 12 MT5 brokers available to Philippines traders on this page, the median researched EUR/USD spread is 0.05 pips, ranging from 0.0 to 1.3 pips, with 11 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0.05 pips
- Brokers measured
- 12
- Linked to broker spec
- 11 of 12
- Data as of
- 2026-10-09
Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.
Sources: get.exness.help · pepperstone.com · xm.com · icmarkets.com · tickmill.com · fpmarkets.com · vantagemarkets.com · roboforex.com · www2.deriv.me · libertex.org and 1 more published specification
What changes locally
- Oversight relevant to traders in the Philippines sits with SEC Philippines.
- Locally, traders in the Philippines can fund accounts through GCash, GrabPay, Maya at brokers that support them — a rail that is unavailable in most other markets.
- Brokers rarely offer PHP-denominated accounts, so traders in the Philippines usually fund in USD and carry an FX conversion cost on deposit and withdrawal.