Exploring the world of forex trading in the Philippines, we have thoroughly examined the leading brokers designed specifically for Filipino traders.
This guide is designed to give you the knowledge and tools you need to make informed decisions and have a smooth trading experience with the best forex brokers specializing in serving the Filipino market.
In this in-depth guide, you’ll learn about the following:
- Exploring the 6 Best Forex Brokers in the Philippines
- The 6 Best Forex Brokers in the Philippines
- Our Final Thoughts on the 6 Best Forex Brokers in the Philippines.
- Frequently Asked Questions about the 6 Best Forex Brokers in the Philippines.
Foreign investors, especially those involved in foreign exchange trading, find the Philippines appealing due to its strategic location in the Asia-Pacific region and favorable economic policies.
To back this up, we have explored the 6 Best Forex Brokers in the Philippines that offer competitive pricing and powerful trading platforms to Filipino traders of all skill levels.
10 Best Forex Brokers in the Philippines
Rank
Broker
Review
Regulators
Min Deposit
Official Site
- Candice Barnes
Exploring the 6 Best Forex Brokers in the Philippines
Forex trading offers the potential for substantial profits, but it also comes with risks if you lack the necessary knowledge and tools. In the Philippines, there has been a growing interest in forex trading. This has led to several online brokers expanding their services to cater to Filipino clients.
In the Philippines, forex trading activities are overseen by two important authorities: The Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).
These regulatory bodies closely monitor and supervise forex brokers to ensure strict compliance with regulations that prioritize protecting traders’ interests.
It is worth noting that the SEC in the Philippines has taken a cautious approach towards forex trading, as there have been reports of fraud and significant losses experienced by retail traders.
In recent years, the SEC has released advisories to warn about the potential risks and illegal activities related to forex trading for private individuals and local brokerage firms.
Consequently, local brokerage firms might be cautious about enabling forex trading for Filipino clients. However, Filipino traders still have the option to access the forex market by using international online brokers that are located outside the Philippines.
For example, global brokers such as Exness cater to clients from the Philippines, providing them opportunities to trade foreign currencies despite the regulatory challenges within the country.
If you’re thinking about getting into the world of forex trading, it’s essential to understand the basics and develop a strong trading strategy. This article explores an overview of the 6 Best Brokers in the Philippines accessible in the country.
6 Best Forex Brokers in the Philippines – Comparison
| 🔍Broker | 🌟Best Forex Broker | 🚀Open an Account | 💴Minimum Deposit | ⬆️Leverage |
| 🥇Exness | ✅ Yes | 👉 Click Here | 584 PHP ($10) | Unlimited |
| 🥈FOREX.com | ✅ Yes | 👉 Click Here | 5,846 PHP ($100) | 1:50 |
| 🥉Interactive Brokers | ✅ Yes | 👉 Click Here | 0 PHP | 1:400 |
| 🏆Pepperstone | ✅ Yes | 👉 Click Here | 0 PHP | 1:500 (Professional) 1:200 (Retail) – Depending on the jurisdiction |
| 🥇FXTM | ✅ Yes | 👉 Click Here | 11,693 PHP ($200) | 1:3000 floating |
| 🥈FP Markets | ✅ Yes | 👉 Click Here | 3,904 PHP (AUD$100) | 1:500 |
6 Best Forex Brokers in the Philippines (2025)
- Exness – Overall, the Best Forex Broker in the Philippines
- FOREX.com – Best Forex Trading Platforms
- Interactive Brokers – Best Online Broker
- Pepperstone – Best CFD Broker
- FXTM – Best Low Spread Broker
- FP Markets – Best Forex Partners Program
Exness
Exness is renowned for its comprehensive offerings in forex and CFD trading. Founded in 2008, Exness has grown into a global multi-asset broker committed to reshaping the trading industry.
It offers a wide range of assets, including forex, cryptocurrencies, stocks, indices, metals, and energies, all tradable on its proprietary Exness trading terminal.
Key to Exness’ appeal is its robust regulatory compliance and commitment to client security, essential for Filipino traders navigating the volatile trading landscape. The broker holds licenses from top-tier authorities worldwide, providing a safe and competitive trading environment.
Overall Rating
- 4.9/5
Min Deposit
USD 5/ 292,18 PHP
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Filipino traders benefit from access to MetaTrader 4 and MetaTrader 5 platforms and Exness’ proprietary platform, ensuring flexibility and familiarity in trading.
Exness caters to a diverse investor base with modest minimum deposit requirements, facilitating accessibility to its superior pricing and execution conditions.
Its advanced trading infrastructure guarantees fast execution, low spreads, and no overnight charges, optimizing the trading experience for Filipino clients. With these advantages, Exness is a compelling choice for Filipino traders looking to thrive in the global financial markets.
Unique Features
| 🔢 Established year | 2008 |
| ⌛Regulation and Licenses | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness App |
| 🗂️Account Types | Standard, Standard Cent, Raw Spread, Zero, Pro, Social Standard, Social Pro |
| 🆓 Demo Account | ✅ Yes |
| ☪️Islamic Account | ✅ Yes |
| 💵Base Currencies | USC, EUC, GBC, CHC, AUC, CAC, AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 🫴🏻 PHP as the base currency | ✅ Yes |
| ⬆️Leverage | Unlimited |
| 💷Fees and Commissions | Spreads from 0.0 pips, commissions from $0.1 |
| ➡️Currency Pairs | 100+ |
| 💴Minimum Deposit | 584 PHP ($10) |
| 💶Inactivity Fee | None |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, Commodities, Stocks, Indices, Cryptocurrencies |
| 🎁Bonuses | None |
| ⏰Support Hours | 24/7 |
| 🗣️Support languages | English, Chinese, Thai, Vietnamese, Arabic, Bengali, Hindi and Urdu |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Offers unlimited leverage | Does not offer a PHP-denominated account |
| Regulated through various regulatory bodies, which ensure trading with a trustworthy broker | High risk of overexposure and high losses due to unlimited leverage |
| Offers various trading accounts that suit different traders | Exness is not regulated in the Philippines |
| Exness supports PHP as a deposit, withdrawal, or account base currency, leading to saving on conversion fees. | Commission-free accounts typically have wide spreads |
| A low minimum deposit required | No bonuses or promotions to new or existing clients |
FOREX.com
FOREX.com is a global forex broker offering a range of trading platforms and tools for novice and experienced traders. The broker is highly regulated through multiple regulatory bodies, providing Filipino traders security and trust.
Our investigation into FOREX.com shows that the broker offers highly competitive spreads, starting at 0.0 pips on major currency pairs like EUR/USD. Filipino traders can benefit greatly from this competitive pricing, potentially leading to significant savings.
Overall Rating
- 4.7/5
Min Deposit
USD 100/ 5,846 PHP
Regulators
FCA, CFTC, ASIC
Trading Desk
MT4, MT5, Proprietary
Crypto
No
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
One of the most significant benefits of FOREX.com is the comprehensive range of platforms available, including the FOREX.com platform, MetaTrader 4, MetaTrader 5, and TradingView.
FOREX.com provides traders access to various educational resources, including trading guides, webinars, and a trading glossary. Additionally, the customer support team is available 24/5.
With a wide variety of tradable pairs, including minor and exotic options, we believe the forex market offers endless possibilities for Colombian traders with diverse interests.
Unique Features
| 🔢 Established year | 2001 |
| ⌛Regulation and Licenses | CIRO, CySEC, CFTC, NFA, CIMA, FSA, MAS, ASIC |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, FOREX.com, TradingView |
| 🗂️Account Types | Standard, MetaTrader 4, MetaTrader 5, RAW Spread |
| 🆓Demo Account | ✅ Yes |
| ☪️Islamic Account | ✅ Yes |
| 💵Base Currencies | USD, EUR, CAD, JPY, CHF, AUD, GBP |
| 🫴🏻 PHP as base currency | None |
| ⬆️Leverage | 1:50 |
| 💷Fees and Commissions | Spreads from 0.0 pips, commissions from $5 per $100,000 traded |
| ➡️Currency Pairs | 80+ |
| 💴Minimum Deposit | 5,846 PHP ($100) |
| 💶Inactivity Fee | $15 per month if there is no trading activity or no open positions for 12 months or more |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, metals, indices, commodities, stocks, cryptos |
| 🎁Bonuses | ✅ Yes |
| ⏰Support Hours | 24/5 |
| 🗣️Support languages | Primarily in English with limited support in other languages |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| FOREX.com is globally regulated through multiple regulatory bodies | Not regulated in the Philippines through SEC or BSP |
| Transparent pricing schedule | Limited withdrawal options |
| Proprietary trading platform | No PHP base currency |
| Offers demo and Islamic accounts | Filipinos are limited to trading in forex and CFDs |
| Tight spreads start at 0.0 pips | Charges an inactivity fee |
Interactive Brokers
Interactive Brokers (IBKR) was established in 1977, and since its inception, it has become a leading online broker renowned for its dedication to technological advancement and offering cutting-edge trading tools.
With its advanced trading platforms and comprehensive market data offerings, IBKR provides a solid trading opportunity for Filipino traders of all skill levels. Direct-access trade execution enhances the trading process, making it faster and more efficient for customers.
Overall Rating
- 4.9/5
Min Deposit
USD 0/ 0 PHP
Regulators
FCA, ASIC, NYSE, SEC, FINRA, IIROC. Regulated in Australia, Bahamas, Cyprus, Dubai, Germany, Kenya, UK
Trading Desk
Proprietary Platform
Crypto
Yes
Total Pairs
90
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
The company’s focus on innovation benefits traders by increasing transaction execution speed, providing advanced trading tools, and offering a wide range of tradable assets.
Interactive Brokers has become one of the world’s largest electronic brokerage firms, serving a diverse clientele from individual traders to large institutions.
With a strong regulatory status and commitment to transparency, the company ensures its Filipino users can access the latest information and platforms for their investment plans.
Unique Features
| 🔢 Established Year | 1977 |
| ⌛Regulation and Licenses | FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, MAS |
| 📊Trading Platforms | IBKR Trader WorkStation (TWS) IBKR Desktop IBKR Mobile IBKR GlobalTrader IBKR Client Portal IBKR APIs IBKR Forecast Trader IBKR Impact |
| 🗂️Account Types | IBKR Pro, IBKR Lite |
| 🆓 Demo Account | ✅ Yes |
| ☪️Islamic Account | None |
| 💵Base Currencies | USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY |
| 🫴🏻 PHP as base currency | None |
| ⬆️Leverage | 1:400 |
| 💷Fees and Commissions | Spreads from 0.6 pips, commissions from 0.0005 USD |
| ➡️Currency Pairs | 100+ |
| 💴Minimum Deposit | 0 PHP |
| 💶Inactivity Fee | None |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, stocks, CFDs, options, futures, indices, mutual funds, cryptocurrencies, metals, bonds |
| 🎁Bonuses | None |
| ⏰Support Hours | 24/5 |
| 🗣️Support languages | Multiple languages |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Filipinos can expect direct market access | No PHP currency is accepted |
| Various in-house powerful trading platforms can be used | Limited research and analysis for Filipinos |
| Offers a wide range of global markets | High margin requirements on some assets |
| No minimum deposit requirement | The platform can be extremely complex for beginners |
| Demo account offered | No MT4 or MT5 offered |
| No deposit fees are charged | Does not accept debit or credit cards for deposits or withdrawals |
Pepperstone
Pepperstone, founded in 2010, is a good choice for Filipino traders who value fast and accurate trade execution, particularly those who utilize scalping or day trading strategies.
Pepperstone’s powerful and dependable trading platforms are one of its highlights and advantages for Filipino traders. The broker provides MetaTrader 4 and MetaTrader 5, which are well-known for their user-friendly interfaces and strong analytical capabilities.
In addition, Pepperstone’s integration of cTrader provides an option for individuals looking for a more direct trading environment with comprehensive charting and order capabilities.
Overall Rating
- 4.9/5
Min Deposit
USD 0/ 0 PHP
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
1000+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pepperstone’s large choice of tradable assets is another key benefit for Filipino traders. The platform caters to diversified customers by offering many currency pairings, including major, minor, and exotic pairs.
This is especially enticing in a market like the Philippines, where forex trading is becoming increasingly popular. Pepperstone also gives Filipino traders access to commodities, indices, shares, and ETFs, allowing them to diversify their portfolios and manage risk more effectively.
Unique Features
| 🔢 Established Year | 2010 |
| ⌛Regulation | FCA, ASIC, DFSA, SCB, CySEC, CMA, BaFin |
| 📊Trading Platforms | TradingView, MetaTrader 4, MetaTrader 5, Pepperstone Trading Platform, cTrader |
| 🗂️Account Types | Razor and Standard accounts |
| 🆓 Demo Account | ✅ Yes |
| ☪️Islamic Account | ✅ Yes |
| 💵Base Currencies | USD, GBP |
| 🫴🏻 PHP as the base currency | None |
| ⬆️Leverage | 1:500 (Professional) 1:200 (Retail) – Depending on the jurisdiction |
| 💷Fees and Commissions | Variable, from 0.0 pips EUR/USD with commissions from 3.5 USD on the Razor account |
| ➡️Currency Pairs | 90+ |
| 💴Minimum Deposit | 0 PHP |
| 💶Inactivity Fee | None |
| ✴️Hedging | ✅ Yes |
| ✳️Scalping | ✅ Yes |
| 🛢️Trading Instruments | Forex, commodities, indices, shares, ETFs |
| 🎁Bonuses | None |
| ⏰Support Hours | 24/7 |
| 🗣️Support languages | Multilingual |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Well-regulated through multiple reputable regulatory bodies | Does not offer PHP as base currency |
| Offers an in-house powerful trading platform | Not regulated in the Philippines |
| There are several advanced trading tools available to Filipinos | There are only two account types offered |
| Offers trading in the popular MT4 and MT5 platforms | Limited base currencies |
| Charges no activity fees | The demo account expires after 30 days |
FXTM
FXTM has been operating in the online forex market since 2011 and is overseen by trustworthy regulatory bodies such as FSC Mauritius, CySEC, FSCA, FCA, and CMA.
FXTM stands out from its competitors due to its robust safety measures. These measures include protection against negative balances, the segregation of client funds, and membership with the Investor Compensation Scheme (ICF).
Although the broker only offers a choice between two live account types, novice traders seeking guidance and seasoned professionals can easily navigate their suitable choices on this platform. Beginner traders will also benefit from comprehensive learning resources tailored to accelerate their progress.
Overall Rating
- 4.6/5
Min Deposit
USD 200/ 11,693 PHP
Regulators
FCA, CySEC, FSC
Trading Desk
MT4, MT5
Crypto
No
Total Pairs
63+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Filipino traders can trade on the MetaTrader platform suite that offers powerful features essential for sophisticated trading strategies.
Based on our research, FXTM offers very high leverage options, with some instruments going as high as 1:3000. This presents a remarkable opportunity for traders with unwavering confidence in their strategies and adept risk management abilities. However, Filipino traders should remember that there can also be high losses with high leverage.
FXTM provides diverse educational resources and exceptional customer support to assist traders in navigating the intricacies of leveraged trading.
We believe FXTM is a reliable option for seasoned Filipino traders who understand the potential gains and losses associated with high leverage.
Unique Features
| 🔢 Established year | 2011 |
| ⌛Regulation | FSC Mauritius, CySEC, FSCA, FCA, CMA |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 🗂️Account Types | Advantage Account, Advantage Plus Account |
| 🆓 Demo Account | ✅ Yes |
| ☪️Islamic Account | ✅ Yes |
| 💵Base currencies | USD, EUR, GBP |
| 🫴🏻 PHP as base currency | None |
| ⬆️Leverage | 1:3000 floating |
| 💷Fees and Commissions | Spreads from 0.0 pips with commission charges on the Advantage account of $3.5 per lot traded |
| ➡️Currency Pairs | 60+ |
| 💴Minimum Deposit | 11,693 PHP ($200) |
| 💶Inactivity Fee | After 6 months, an inactivity fee of 5 EUR/USD/GBP will apply every month |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, Spot Metals, Index CFDs, Commodity CFDs, Cryptocurrency CFDs and Stock CFDs |
| 🎁Bonuses | None |
| ⏰Support Hours | 24/5 |
| 🗣️Support languages | Multilingual |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| FXTM is multi-regulated in several regions globally | Inactivity fees are charges |
| Filipinos can expect extremely low spreads from 0.0 pips | Not locally regulated in the Philippines |
| Offers leverage of up to 1:3000 | Does not accept PHP as base currency |
| There are competitive trading conditions on both accounts | Only two account types to choose from |
FP Markets
FP Markets has been an online forex broker for nearly 20 years and offers a unique blend of conditions and features specifically designed for the forex market.
FP Markets offers Filipino traders the benefit of deep liquidity pools and narrow spreads. This feature is particularly beneficial for forex and CFD traders, enabling them to employ more accurate and cost-efficient trading strategies.
The broker’s competitive spreads result from its direct access to a wide range of liquidity providers, which is highly valued in the current fast-paced trading market.
In addition, FP Markets has made substantial investments in state-of-the-art trading technologies. Filipino traders can utilize advanced platforms such as MetaTrader 4 and MetaTrader 5.
Overall Rating
- 4.9/5
Min Deposit
USD 100/ 3,860 PHP
Regulators
ASIC, CySEC, FSCA, FSA, FSC
Trading Desk
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
These platforms are well-regarded for their user-friendly interfaces, comprehensive analytical tools, and the ability to automate trading.
This technological advantage is crucial for traders who desire real-time data and seamless transaction execution, particularly in volatile markets such as forex and cryptocurrencies.
We were impressed by the broker’s user-friendly interface and the efficient deposit and withdrawal system. The clear fee structure and detailed reporting help foster trust.
FP Markets highly appeals to Filipino traders if you value controlling investment parameters.
Unique Features
| 🔢 Established year | 2005 |
| ⌛Regulations and Licenses | ASIC, CySEC, FSCA, FSA, FSC |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView, cTrader, WebTrader |
| 🗂️Account Types | Standard, Raw, Islamic Standard, Islamic Raw |
| 🆓 Demo Account | ✅ Yes |
| ☪️Islamic Account | ✅ Yes |
| 💵Base Currencies | EUR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD, CHF |
| 🫴🏻 PHP as base currency | None |
| ⬆️Leverage | 1:500 |
| 💷Fees and Commissions | Spreads from 0.0 pips with $3 per side on the Raw Account |
| ➡️Currency Pairs | 70+ |
| 💴Minimum Deposit | 3,904 PHP (AUD$100) |
| 💶Inactivity Fee | None |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, Shares, Commodities, Indices, Cryptocurrencies, Metals, Bonds |
| 🎁Bonuses | None |
| ⏰Support Hours | 24/7 |
| 🗣️Support languages | Multilingual |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Well and strictly regulated through several reliable bodies | Does not have a local office in the Philippines and is not locally regulated |
| Offers real-time monitoring through the platform | Does not accept the PHP as base currency |
| There are fast deposit and withdrawal options | The platform can be overwhelming to beginners |
| Trading on the popular MT4 and MT5 platforms | There are withdrawal fees charged across payment methods |
Conclusion
For Filipino residents interested in forex trading, it’s crucial to proceed cautiously, given the current lack of SEC-regulated brokers providing forex trading services in the Philippines.
Caution is advised by the SEC when it comes to forex trading, with a strong emphasis on the risks and potential scams involved.
When trading forex with an international broker, it’s important to prioritize those that have strong regulations and a trusted reputation. This will help safeguard your investments, just like the brokers mentioned earlier.
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Frequently Asked Questions
Is forex trading legal in the Philippines?
Yes. Forex trading is legal in the Philippines. However, Filipino traders are advised to exercise caution when choosing their broker. It is important to select a reputable broker from the list of regulated brokers mentioned above, as using the services of unregulated brokers can be risky.
What is the minimum investment in forex trading Philippines?
You don’t need millions of pesos to start forex trading in the Philippines. Some online forex brokers require a minimum deposit of 5,000 PHP to 50,000. You can build your fund once more comfortable in the forex trading environment.
What time in the Philippines does the forex market open?
The Forex market in the Philippines opens at 7 AM Philippine Standard Time (UTC +8) on Monday and 5 PM Eastern Standard Time (EST) on Sunday.
This means that traders in the Philippines have access to the market before it opens in other major financial hubs such as London and New York.
Can beginner traders in the Philippines trade in forex?
Yes. Trading in forex is accessible to everyone. Before beginning to trade, traders must have a solid grasp of forex, the market, and the potential risks involved.
Do these forex brokers offer demo accounts?
Yes. Most brokers offer demo accounts that can be used to practice trading, test strategies, or test out the broker’s offer.
