Best MetaTrader 5 Brokers

MetaTrader 5 is the successor to MetaTrader 4, the world's most popular trading platform. We've reviewed the best MT5 brokers in the Philippines, and highlighted those that allow all trading styles and Expert Advisors.

Best brokers

1. FP Markets Best FX Broker Australia 2021...
2. LiteFinance Best ECN Broker Africa 2020
3. RoboForex Best Mobile Trading App 2022,...
4. Equiti Most Innovative Broker 2021 -...
5. 4XC Best Customer Service 2022

Broker reviews

#1

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FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. Trade CFDs on over 1,000 stocks, indices, commodities and currency pairs through MetaTrader 4 or 5. FP Markets supports all trading styles and EAs.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, cTrader, Copy trading
• Regulators: Australia, Cyprus (EU) , Saint Vincent and the Grenadines, South Africa

• Accounts

Standard Account  ▷ Standard Account: Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds, with this ECN account.
$100 deposit	1:500 leverage	Market execution	▷

Raw Account  ▷ Raw Account: Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities from 0 pips plus commission, over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds, with...more ▷ Raw Account: Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities from 0 pips plus commission, over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds, with this ECN account.
$100 deposit	1:500 leverage	Market execution	▷

#2

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LiteFinance (LiteFinance.com), formerly LiteForex, is a global ECN broker. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:1,000. LiteFinance accepts all EAs and trading styles, including scalping and news trading.

• Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, Copy trading, Mirror trading
• Regulators: Cyprus (EU) , Saint Vincent and the Grenadines

• Accounts

Classic Account  ▷ Classic Account: Trade Forex on floating spreads from 2 pips on MT4 or MT5. Get started from a low $50 deposit. Market execution with no requotes.
$50 deposit	1:1000 leverage	Market execution	▷

ECN Account  ▷ ECN Account: Trade Forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $50 deposit. Get market execution with no requotes. LiteForex pays 2.5% interest per annum on the balance of your account.
$50 deposit	1:1000 leverage	Market execution	▷

#3

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Access over 12,000 instruments, including real equities and CFDs on Forex, crypto-currencies and oil, from a single platform. RoboForex is an offshore broker based in and regulated in Belize.

• Risk warning: 58.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, cTrader, Copy trading
• Regulators: Belize

• Accounts

Pro Account  ▷ Pro Account: Access CFDs on 36 currency pairs, cryptocurrencies, metals, US stocks, indices and oil. Trade on floating spreads from 1.4 pips and leverage up to 1:2000, on MT4/5 or cTrader.
$10 deposit	1:2000 leverage	Market execution	▷

ECN Account  ▷ ECN Account: Access CFDs on 36 currency pairs, cryptocurrencies, metals, US stocks, indices and oil. Trade on raw spreads and leverage up to 1:500, on MT4/5 or cTrader, in an ECN environment.
$10 deposit	1:500 leverage	Market execution	▷

#4

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Trade CFDs on 400+ instruments on leverage up to 1:500. Get superior execution through its network of 35+ liquidity providers. Equiti.com accepts all trading styles, without restrictions.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MT5
• Regulators: Armenia, Jordan, Kenya, Seychelles, UAE , UK

• Accounts

Standard Account  ▷ Standard Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on low spreads with leverage up to 1:500. Equiti allows all trading styles on MT5. Get ECN execution with Tier 1 liquidity.
$500 deposit	1:500 leverage	Market execution	▷

Advanced Account  ▷ Advanced Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities from 0.0 pips plus commission, with leverage up to 1:500. This account is designed for experienced traders.
$10000 deposit	1:500 leverage	Market execution	▷

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Elite Account  ▷ Elite Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on 0.0 pips and razor-thin commission, with leverage up to 1:500. You'll also get VIP support from a Personal Account Manager. This account...more ▷ Elite Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on 0.0 pips and razor-thin commission, with leverage up to 1:500. You'll also get VIP support from a Personal Account Manager. This account is designed for high-net-worth individuals and those who trade large volumes.
$50000 deposit	1:500 leverage	Market execution	▷

#5

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4xc.com is an offshore broker founded by Forex industry veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4 and 5.

• Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.
• Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5
• Regulators: Cook Islands

• Accounts

Standard Account  ▷ Standard Account: Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC allows all trading styles and all Expert Advisors on MetaTrader 4 and 5.
$10 (MT4), $ 100 (MT5) deposit	1:500 leverage	Market execution	▷

#6

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FxPro (FxPro.com) is a global broker, winner of 95+ awards including "Best MetaTrader Broker" in 2020. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.

• Risk warning: 84.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, cTrader, Copy trading
• Regulators: Bahamas, Cyprus (EU) , South Africa, UK

• Accounts

MT5 Floating - Market Execution  ▷ MT5 Floating - Market Execution: Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All EAs are allowed.
$500 deposit	1:200 leverage	Market execution	▷

#7

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AvaTrade (AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage.

• Risk warning: 77.82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, Copy trading
• Regulators: Australia, BVI, Cyprus (EU) , Gibraltar, Israel, Japan, South Africa, UAE

• Accounts

AvaTrade Account [BVI]  ▷ AvaTrade Account [BVI]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

AvaTrade Account [EU]  ▷ AvaTrade Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities.
$100 deposit	1:30 leverage	Instant execution	▷

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Islamic Account [BVI]  ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This...more ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

Islamic Account [EU]  ▷ Islamic Account [EU]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.
$100 deposit	1:30 leverage	Instant execution	▷

Professional Account [EU]  ▷ Professional Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. Access high leverage up to 1:400 with this account for professional traders.
$100 deposit	1:400 leverage	Instant execution	▷

#8

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Pepperstone (Pepperstone.com) is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5, TradingView or cTrader. Pepperstone allows all trading styles, with no restrictions, and rewards large traders with volume-based discounts.

• Risk warning: Between 74% and 89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, cTrader
• Regulators: Australia, Bahamas, Cyprus (EU) , Germany, Kenya, UAE , UK

• Accounts

Standard Account [MT4, MT5 or cTrader]  ▷ Standard Account [MT4, MT5 or cTrader]: Trade Forex and as well as CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads, with no commission. Choose between MT4, MT5, cTrader or TradingView. All trading strategies are allowed.
$200 deposit	1:30 leverage	Market execution	▷

Premium Account [MT4, MT5 or cTrader]  ▷ Premium Account [MT4, MT5 or cTrader]: Get priority customer support and exclusive market insights when you trade over 150 lots per month, for over 6 months.
$200 deposit	1:30 leverage	Market execution	▷

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Razor Account [MT4, MT5]  ▷ Razor Account [MT4, MT5]: Trade Forex on raw spreads, sourced directly from Pepperstone's liquidity providers, plus a commission. Trade CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads. Pepperstone allows...more ▷ Razor Account [MT4, MT5]: Trade Forex on raw spreads, sourced directly from Pepperstone's liquidity providers, plus a commission. Trade CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads. Pepperstone allows all trading strategies on MT4 and MT5. This account is popular with scalpers.
$200 deposit	1:30 leverage	Market execution	▷

Swap Free Account [MT4, MT5]  ▷ Swap Free Account [MT4, MT5]: Trade Forex and as well as CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads, with no interest charges. Choose between MT4 and MT5. All trading strategies are allowed. This account...more ▷ Swap Free Account [MT4, MT5]: Trade Forex and as well as CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads, with no interest charges. Choose between MT4 and MT5. All trading strategies are allowed. This account is only available in certain countries.
$200 deposit	1:30 leverage	Market execution	▷

#9

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Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. OctaFX supports all trading styles and EAs.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, Copy trading
• Regulators: Cyprus (EU) , Saint Vincent and the Grenadines

• Accounts

MT5 Account  ▷ MT5 Account: Trade Forex, crypto-currencies, indices, stocks, precious metals and energies on tight floating spreads. This account, designed for experienced traders, supports MetaTrader 5.
$100 deposit	1:500 leverage	Market execution	▷

#10

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JustMarkets (formerly JustForex) is an offshore broker that allows you to trade over 170 instruments on low spreads, and high leverage up to 3,000 times your initial deposits. It accepts all trading styles on MetaTrader 4 and 5.

• Risk warning: Margin trading in the financial markets is speculative and implies a high level of risk, including full loss of deposit.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, Copy trading
• Regulators: Cyprus (EU) , Seychelles

• Accounts

Standard Account  ▷ Standard Account: Trade CFDs from 1 pip with flexible leverage up to 1:3000. Choose between MetaTrader 4 and 5. All EAs and trading strategies are allowed.
$1 deposit	1:3000 leverage	Market execution	▷

We’ve highlighted a number of criteria to keep in mind when comparing MT5 brokers, regardless of your experience or trading preferences.

Differences between MetaTrader 4 and MetaTrader 5

MetaTrader 5 is an updated version of the MetaTrader trading platform, released in 2011. But surprisingly, it remains less popular to this day than MetaTrader 4, even though it's significantly more powerful than its predecessor:

• With MT4, you can trade Contracts for Difference (CFDs) on Forex, stocks, indices, commodities and cryptocurrencies. MT5 goes further by allowing you to trade futures and even options. Please note that the range of markets will ultimately on your broker.
• MT5 can handle an unlimited number of instruments, whereas MT4 is limited to 1,024 instruments. This is relatively little to the extent that thousands of shares are available to trade on the world's stock exchanges.
• MT5 incorporates fundamental data sourced from leading sites like Yahoo Finance, Google Finance and Finviz. This could be particularly useful if you're into fundamental analysis.
• MT5 shows real trading volumes (in lots) directly within the platform. Some traders use depth of market information to try to predict short term changes in prices. That information simply isn't available in MT4.
• MT5 includes historical prices for a wide range of instruments, which makes it easy to backtest and optimise trading strategies directly within the platform. In addition, MT5's Strategy Tester module is significantly faster and more advanced than MT4's.

Expert Advisors

Expert Advisors, also known as EAs, are trading robots that run inside MetaTrader. They can perform technical analysis on the fly, open and close trades automatically when certain criteria are met, and even copy other traders. EAs are popular because they require no human intervention and can take emotion out of trading. Some MT5 brokers place restrictions on EAs, but others like FPMarkets.com and FxPro.com support all trading styles and allow all Expert Advisors.

Trading Signals

Some MT5 brokers go further and customise their MT5 platform with technical indicators and trading signals. This is the case with FxPro, which integrates Trading Central signals directly into its platform. Trading Central uses algorithms to identify the best trading opportunities in over 8,000 markets, and brings you new ideas every day. Open a free account with FxPro to get instant access to Trading Central.

Education

Education is one of the keys to success, whether you are an experienced trader, or perhaps just starting out. If you are keen to improve your skills, look for a broker that offers a wide range of educational resources. Some brokers, like FPMarkets.com, offer free online trading courses, regular webinars as well as podcasts. Others, like HYCM.com, conduct live trading sessions on a weekly basis, which you can attend for free, even with a demo account.

Fees

Last but not least, be mindful about spreads and commissions, as they will have an immediate impact on your bottom line. Most brokers earn money through the spread, which is the difference between the price at which you can buy and sell an instrument. Some charge fixed spreads, others charge variable spreads that fluctuate with market conditions. Most brokers provide information about their trading fees on their website, prior to registration.

If you’re short on time, why not open a free account with 2 to 3 brokers featured on this page. This will allow you to test-drive their service and assess their fees and MT5 platform in a live trading environment.