In order to find the best forex brokers in the Philippines, we compiled a list of all brokers who welcome new customers from the Philippines. Then, we ranked the brokers by their overall ranking based on reliability, trading cost and customer services.

Every year, forex trading becomes more popular in the Philippines. Our study and trading records show that Filipino traders prefer strong international brands that are regulated, that they trade mostly with Metatrader 4, and that they trade predominantly USD and JPY currency pairs such as USDJPY, EURUSD, and EURJPY.

While it is advised, forex brokers are not required by the Securities and Exchange Commission (SEC) to become authorized to accept customers from the Philippines. Securities and Exchange Commission is The Philippines’ financial regulating organization. http://www.sec.gov.ph is the website for the Philippine Securities and Exchange Commission.

Best Forex Brokers in the Philippines – 2021

Broker Info Regulator Bonus Next Step

Headquarters: Bahamas
Min Deposit: $100
Leverage: 200:1

CySEC, FCA, SCB

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Headquarters: Cyprus
Min Deposit: $5
Leverage: 1000:1

CySEC, IFSC

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Open Account

Headquarters: UK
Min Deposit: $100
Leverage: 500:1

FCA, CySEC, Seyschelles FSA

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Open Account

Headquarters: Belize
Min Deposit: $100
Leverage: 200:1

IFSC

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Headquarters: Belize
Min Deposit: $1
Leverage: 3000:1

CySEC, IFSC

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FxPro

FxPro, headquartered in the Bahamas and regulated by the FCA, CySEC, and SCB, is one of the industry’s most well-known forex brokers. FxPro provides MetaTrader 5, cTrader, and its own trading platform, in addition to the mainstream MetaTrader 4. The range of trading platforms is FxPro’s most significant advantage over other forex brokers. The Firm puts a lot of money into brand awareness and image. Those who follow the English Premier League will notice that FxPro is the front shirt sponsor for one of the league’s teams.

FxPro offers three different account types to its customers: FxPro MT4, FxPro MT5 and FxPro cTrader. On the MT4 accounts, the spread for EURUSD might be as low as 0.6 pips. Spreads on the MT5 accounts are bigger than on the MT4 accounts, which have an average spread of 1.4 pips for EURUSD. Expert Advisors can be used on both MT4 and MT5 accounts.

FxPro provides customer service in Arabic, Chinese, English, French, German, Hungarian, Romanian, Turkish, Czech, Slovak, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese.

The Broker’s website offers useful training materials, including webinars and written resources, to help investors improve their trading performance. Opening a new trading account with FxPro is simple, and you may begin trading immediately after completing the online registration form. Considering all those features, FxPro stands out of the crowd as one of the best forex brokers for the Philippines.

FXTM

FXTM, which was founded in 2011, is a multi-award-winning forex broker with a secure and reliable trading platform. Over 300 products, including forex pairs, world stock indexes, company shares, commodities, and cryptocurrencies, are available on the platform. FXTM is a well-known forex broker that is frequently featured in the media and is a proud sponsor of a Formula One team.

FXTM provides two different types of trading accounts: Standard and ECN. The minimum deposit amount varies depending on the accounts that clients pick. Standard, Shares, and Cent accounts are all subsets of the standard account. And each of these accounts has its own contract terms and minimum deposit requirements. There is also a free demo account offered by FXTM for beginner traders to get a better understanding of the trading concepts before risking their real money.

FXTM offers more than 20 different types of payment options in order to meet the needs of a global clientele. The company operates in a number of countries, and investors in those countries benefit from the ease of depositing funds via local bank transfer.Furthermore, the support team is among the greatest I’ve encountered, providing assistance to clients in more than ten languages 24 hours a day, seven days a week.

Tickmill

Tickmill was founded in 2011 to provide traders with a favorable trading experience, with offices in the United Kingdom and the Seychelles. The UK FCA, Cyprus CySEC, and Seychelles FSA are the watchdogs that regulate the broker.

Tickmill’s main feature is that it allows you to trade in a wide range of CFD-listed assets, including four distinct German government bonds. Aside from government bonds, you will be able to trade on over 62 currency pairs, commodities such as gold, silver, and crude oil, 15 different equity indices, and Bitcoin using US dollars.

The Broker offers various bonuses and promotions for its Filipino clients. For instance, you are going to get a free $30 bonus once you open a real account. Tickmill also chooses the best among existing clients and rewards the best performing trader with a $1,000 prize every month.

Tickmill is notably well-known for its outstanding customer service. It provides comprehensive customer service in 14 languages via phone calls, live chat, social media, email, and callback requests. Spanish is among those languages. The support crew responds to Live Chat in less than 5 minutes. On the other hand, getting a response to a social media post normally takes an hour.

FXChoice

FXChoice was established in 2010 and is regulated by the Belize IFSC. The leverage is 200:1 and the spreads are very narrow. They offer negative balance protection and allow automated trading systems. FxChoice also has a wide range of deposit and withdrawal methods, as well as customer service in multiple languages including Spanish.

FXChoice ensures utmost security for their clients’ assets, despite the fact that the IFSC applies flexible restrictions with a greater focus on the laws, licensing process, and code of conduct. Furthermore, FXChoice employs positive price adjustment to ensure that clients’ account balances do not become negative.

FXChoice clients can choose between two different types of accounts. One has been designated as Classic, while the other has been designated as Pro. FXChoice offers different spreads depending on which account type you have chosen. For Classic accounts, spread is an average of 1.2 pips on the EUR/USD pair. FXChoice clients can acquire a maximum leverage of 200:1, which is acceptable when compared to industry standards. FXChoice, unlike the majority of other brokers, does not require different initial deposit amount for different account categories. For both two account categories, FxChoice just requires a $100 initial deposit.

FBS

Established in 2009, FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Belize Financial Services Commission (IFSC). The Broker offers large bonuses, helpful teaching material for new traders, daily market research in a variety of languages, and a global presence including the Philippines. FBS provides online trading services to over 15 million active traders in more than 190 countries, ranging from the Philippines and Indonesia to Nigeria, Pakistan, and Europe.

FBS offers a diverse range of account types for both experienced and inexperienced traders. There are six different types of accounts: cent account, micro account, standard account, zero spread account, unlimited account, and ECN account, which has a spread that can dip below zero for a fee of $6 per lot. FBS offers maximum leverage of 3000:1 which is the highest available among registered forex brokers.

The spreads differ depending on the account type and geographical location. The Broker offers a 3.0 pip spread on its Micro account, 1.1 pip spreads on Standard and Cent accounts, and zero pip spreads on Zero and ECN accounts for EURUSD. FBS offers market leading trading platform MetaTrader 4 and cutting-edge MetaTrader 5 for its clients after registration.