Best Forex Trading App Philippines

TMGM – MT4 Most Popular Trading Platform

As a MetaTrader focussed broker, TMGM stands out as having a versatile mobile app for the MT4 platform, which is still the most popular forex trading platform, globally.

In addition, the MT4 app versions are flexible to suit your preferred device of mobile, tablet, desktop or WebTrader.

You also have the ability to switch back and forth from desktop to WebTrader easily.

The MT4 mobile version is pretty powerful in its own right. MT4 comes with 3 types of interactive charts meaning you can trade directly from the chart. These types of charts are bar, Japanese candlesticks and broken lines. Charts are supplemented with 30 of the most critical technical indicators, 24 analytic objects and 9 timeframes.

Like with the desktop version, 4 types of pending orders are available – buy stop, sell stop, sell limit and buy limit along with 2 market execution orders – buy by market, sell by market

Two Data Centres For Higher Speed

TMGM has servers in two data centres, NY4 in New York and TY3 in Tokyo, a unique benefit that enables even better connectivity, deeper liquidity and less chance of slippage adding up to superior trading conditions. This further gives TMGM an edge as the best MT4 broker on this list.

Commissions And Fees

TMGM offers competitive commission rates for its Edge account with low spreads and no requotes.

The Edge account charges a commission of $3.50 per side ($7 per round trip), in addition to low prevailing spreads.

Other account options include Classic (no commissions) and IRESS (for a greater range of share CFDs, albeit with a substantial $5000 minimum deposit). Note there is an inactivity fee for IRESS premium and gold.

A swap-free (interest-free) account is also available for Islamic finance customers seeking Sharia-compliant accounts, only available through the Edge account.

Extra 3rd Party Apps

TMGM provides 3 useful apps that can integrate with MetaTrader 4 desktop, but if you are using mobile and desktop, switching between the two is fast and seamless.

TradeView X offers cutting edge technology to build and fine-tune your trading strategies in a simulated market environment. This platforms comes with unlimited indicators per chart, unlimited charts per window and even unlimited automated alerts. It also allows you to automate your trading and includes extensive backtesting tools to stimulate your trading environment

HUBX is an intuitive app for fund managers to manage their clients with advanced portfolio adjustment tools while Trading Central offers additional market analysis tools, such as Market Buzz, for deeper sentimental, fundamental and technical analysis.

Extra Trading Platforms

While Tradeview X can integrate with MT4, its a worthy trading platform in its own right for trading all CFD products.  Another platform TMGM offer is IRESS.

IRESS is best for trading shares, thanks to Direct Market Access (DMA) trading this platform allows you to view the order books in the exchange allowing for more control of your trading.

Impressive Educational Course

The TMGM Academy is an impressive educational course complete with comprehensive quizzes to test your knowledge. There are 3 modules grouped by experience level (beginner, intermediate, advanced) for any level of trader.

This is an excellent resource to gain an understanding of the theoretical side of foreign exchange and CFD trading.

TMGM Review >>Visit TMGM >>

Pepperstone – Great Range Of App Platforms

Pepperstone has the best range of third-party platform options for mobile trading on this list.

As well as both popular MetaTrader platforms, Pepperstone also offer cTrader as an additional platform with cTrader Authomate for algorithmic trading.

These apps provide a reliable trading experience in addition to only needing one account to trade on multiple trading platforms.

If you are using the MetaTrader 4 or 5 mobile app you will have access to 3 types of charts, 9 timeframes, 30 technical indicators and 24 analytical objects

The main difference is that MT5 has depth of market trading which allows you to see the order books at the exchange and is also suitable for CFD crypto and CFD stock trading for which MT4 is not

cTrader is a competitor of MetaTrader and has its own fans. Traders like cTrader because it has charting features not available with MetaTrader. Choosing cTrader means access to 26 timeframes (superior to the 9 on offer with MetaTrader and over 50 indicators. Viewing of charting is super easy thanks to pinch to zoom features and backward and forward swipe scrolling.  The platform also comes with QuickTrade button to preset frequently used trading orders.

Using the mobile version of cTrader also mean you get market sentiment tools so you can see a ratio of traders who go long or short A useful feature to help with your decision making.

Commissions And Fees

Pepperstone offers excellent pricing on its Razor account, particularly when combined with its Active Trader program for high-volume traders.

The Razor Account also offers two account options with MetaTrader or cTrader/TradingView. MetaTrader is suited for scalpers and algorithmic traders whilst cTrader has extra analytical tools and a lower commission of 6 USD (be mindful of conversion fees).

Meanwhile, its Standard account is the commission-free account with average spreads as low as 0.6 pips, which places Pepperstone among the lowest of all major brokers for this type of account. To use the standard account you must use MetaTrader 4 or MetaTrader 5.

The below table highlights Pepperstones average spreads compared with other major brokers.

Standard Account Spreads	EUR/USD AUD/USD EUR/GBP GBP/USD USD/JPY AUD/JPY EUR/JPY USD/CAD	EUR/USD AUD/USD EUR/GBP GBP/USD USD/JPY AUD/JPY EUR/JPY USD/CAD	EUR/USD AUD/USD EUR/GBP GBP/USD USD/JPY AUD/JPY EUR/JPY USD/CAD	EUR/USD AUD/USD EUR/GBP GBP/USD USD/JPY AUD/JPY EUR/JPY USD/CAD	EUR/USD AUD/USD EUR/GBP GBP/USD USD/JPY AUD/JPY EUR/JPY USD/CAD
	0.75	0.85	1.40	1.19	0.86
	1.06	1.27	1.42	1.73	1.23
	0.86	0.74	1.19	1.19	0.83
	0.70	1.30	1.30	2.20	1.40
	0.80	0.90	1.70	1.80	0.80
	1.20	1.10	1.10	1.70	1.40
	1.30	1.50	1.80	2.00	1.30
	1.10	1.20	1.40	1.50	1.20
	1.30	1.40	1.50	1.50	1.40
	1.20	1.20	1.40	1.40	1.20
	1.20	1.20	1.40	1.40	1.40
	1.30	1.50	1.50	1.70	1.70

Data taken from broker website. Accurate as at 01/05/2022

Compare Lowest No Commission Spreads >>

Wide Range Of Trading Tools For MetaTrader

Pepperstone offers a wide range of available third-party tools and plugins that enhances its already-impressive suite of available platforms.

The broker’s Smart Trader Tools plugins are available, including 28 smart trading apps, as an add-on for MetaTrader accounts. For social copy trading, Pepperstone offers myFxbook for MetaTrader, and DupliTrade for cTrader (although it requires a $5,000 minimum deposit).

View Pepperstone Review >>Visit Pepperstone >>

IG Market – For Beginner Traders (Guaranteed Stop-Loss)

IG Markets offers a comprehensive trading package, with several features that will suit beginners, including an intuitive in-house app, guaranteed stop loss functionality and great educational resources.

To protect you against potentially uncontrollable financial losses caused by slippage and market volatility, IG provides free guaranteed stop losses ensuring your position is closed at a pre-selected price.

Intuitive Proprietary App

IG offers its own flagship mobile app, IG Trading (also known as IG Forex) which has a well-designed layout packed with features such as alerts, sentiment readings, and highly advanced charts which you can trade directly through.

One interesting feature of the mobile app is the availability of Direct Market Access (DMA) trading execution with a Forex Direct account. Available on iOS but not Android, DMA trading is best for experienced traders as it gives you greater control of pricing as you can view the order books in the exchange.

It is one of few brokers to offer it’s own, in-house platform, in addition to the third-party platforms like MetaTrader 4 and 5.

Commissions And Fees

The main trading account you can open is a CFD account, with a minimum average spread of 0.6 pips for EUR/USD. Please note a 0.5% commission for share CFDs only. The Forex market has no commissions.

For high-volume traders, it is also possible to access DMA (Direct Market Access) pricing through Forex Direct, with lower average minimum spreads.

There is also no minimum deposit for CFD accounts, provided you pay in USD.

Specialist Trading Platforms

In addition to IG and MT4, there are two specialist platforms: L2 Dealer and ProRealTime.

L2 Dealer is suited for advanced shares trading with DMA (direct market access) while ProRealTime has a leading charting package with great technical chart features.

Huge Range Of Markets

Lastly, IG gives you access to a huge range of financial instruments with 17,000 markets to choose from including forex, indices, shares, futures, options, spot trading, bonds and even interest rates.

View IG Markets Review >>Visit IG Markets >>

IC Markets – For Copy Trading (ZuluTrade)

IC Markets has a great range of trading platforms, none-more-so than it’s social and copy trading options.

ZuluTrade is the platform that stands out, boasting one of the largest networks of copy traders globally. The platform is suitable for both manual and social trading but lacks when it comes to charts, thankfully ZuluTrade can integrate with MT4 or MT5 (albeit with the desktop version) to take advantage of the charts in these platforms.

Features included with ZuluTrade are:

1. 10,000 top and curated traders and strategies to follow and automatically copy
2. Community performance analysis and ranking with ZuluRank
3. Account protection against harmful trading behaviour with ZuluGuard
4. Portfolio simulator to view past and present performance of traders you may follow
5. Social interaction with other traders

Commissions And Fees

IC Markets riveal other low-cost forex brokers, such as IG, with the small effective spreads and the low deposit requirement for its commission-based accounts.

The two account options you have are Standard (no commission) and Raw Spread (spread-based). Like Pepperstone, IG gives you the option of MetaTrader or cTrader platforms with their Raw Spread account.

Great Range Of Trading Platforms

IC’s great range of trading platforms speaks for itself:

• 3 main platforms (MT4, MT5 and cTrader)
• 2 major Social & Copy Trading platforms (Myfxbook & ZuluTrade)
• MetaTrader Plugins (MetaTrader Signals for MT4 & MT5)
• Additional useful trading tools

MT4, MT5 and cTrader are all available on iOS or Android devices, as well as webtrader, giving your flexibility where and how you prefer to trade.

The social trading platforms, Myfxbook (AutoTrade) and ZuluTrade provide two great options for algorithmic trading and copy trading, perfect for discretionary traders. As previously noted, two-thirds of IG’s trading comes from automated trading systems.

MetaTrader Trading Signals is an additional copy trading platform which can be integrated with the MetaTrader platforms.

Additional tools include Autochartist, a market scanning tool to help identify key market trends to capitalise on and profit from.

View IC Markets Review >>Visit IC Markets >>

eToro – Social Trading Specialist

eToro is the world’s leading social trading broker, particularly with their easy-to-use copy-trading platform, CopyTrader.

With CopyTrader you can copy the trades of experienced investors which will suit retail investors particularly. For professional traders, you can also share your own trading strategies and receive exclusive perks.

Smart Portfolios is like CopyTrader but for portfolio management. The platform operates like a group of traders, all with their own underlying positions, working for a client. This is suited for fund managers or those who enjoy juggling multiple bundles of investments, rather than individual instruments.

Excellent Mobile Experience

eToro’s trading app is easy-to-use and delivers an overall excellent mobile experience. With almost all the same features across both its web platform and its mobile app, it will suit multi-device clients.

Comprehensive Trading Symbols

Over the last few years, eToro has continued to expand its available range of markets as a multi-asset broker, with over 3,000 trading symbols available.

Commissions And Fees

As a market-maker broker, eToro delivers a typical variable spread of 1 pip on the EUR/USD.

There is only one account type, a Standard account, with no commissions.

With this account, a deposit of $100,000 (around 5 million Philippine pesos) is credited into a virtual portfolio (like a demo account) so you can practice trading before you start.

View eToro Review >>Visit eToro >>

*Your capital is at risk ‘68% of retail CFD accounts lose money’

ThinkMarkets – Best Proprietary Platform (ThinkTrader)

Used by more than 500,000 users, ThinkTrader is ThinkMarkets next-gen mobile-first, multi-asset trading platform.

ThinkTrader has a powerful set of research tools with 80 in-depth chart indicators, 50 drawing tools, built-in real-time market news by FX Wire Pro and an intuitive interface, allowing traders to analyse market trends from anywhere at any time.

Other technical features include 100+ technical indicators, 40 analytical objects. 12 time frames and 10 types of charts. All these features make ThinkTrader one of the more impressive array of options of all trading apps.

Commissions And Fees

The two main account choices are a Standard Account type or a ThinkZero, ECN-style account.

As the no-commission account, the Standard account delivers slightly wider spreads, which can be as low as 0.4 pips but average over 1 pip on most currencies, while ThinkZero delivers tighter spreads while incurring flat-rate commission fees for FX and Metals.

Trading Platforms

As mentioned, ThinkMarkets propietary platform, ThinkTrader is its biggest selling point. The broker also offers the two main MetaTrader platforms, which are compatible with mobile, on desktop and as a webtrader.

The broker also offers additional trading tools such as Trading Central for MetaTrader and ZuluTrade as a popular social trading platform but you will need to be using a desktop and these tools only work with MetaTrader, not ThinkTrader.

View ThinkMarkets Review >>Visit ThinkMarkets >>

*Your capital is at risk ‘71.89% of retail CFD accounts lose money’