Best Forex Brokers in the Philippines for 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top 10 trading platforms in Philippines based on our analysis:
- 1
AvaTrade - Best Forex broker Philippines - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 3
- 4
AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations. - 5
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 6
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 7
- 8
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 9
IFC Markets - A wide range of trading assets. Variety of trading platforms. Educational materials for traders of all experience levels. - 10
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.
The Forex industry in the Philippines is a vibrant and expanding market, populated by many brokers catering to traders' diverse needs. Our team has conducted comprehensive research to curate a definitive guide to the Best Forex Brokers in the Philippines for novices. This carefully selected list is intended to guide you toward choosing a broker that not only aligns with your trading strategies but also ensures the safety and security of your funds.
List of the Best Forex Brokers Philippines 2025
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
3. IC Markets
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
4. AMarkets
AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.
Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.
Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.
Pros and Cons of AMarkets
Pros
- A wide range of trading assets.
- Extensive analytical capabilities using modern tools and trading robots.
- No commissions on many operations.
- Convenience and simplicity of opening an account and managing it.
Cons
- Not the most extensive educational materials.
- On some assets, spreads are higher than those of competing Forex brokers.
5. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
6. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
7. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
8. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
9. IFC Markets
IFC Markets is a reliable and licensed broker, offering a broad spectrum of trading instruments and platforms for investors of various experience levels. With multilingual support and extensive educational resources, the company aims to provide its clients with a comfortable and efficient trading environment.
IFC Markets could be a suitable choice for investors seeking a variety of trading instruments and platforms.
Pros and Cons of IFC Markets
Pros
- A wide range of trading assets.
- Variety of trading platforms.
- Educational materials for traders of all experience levels.
- Tools for creating synthetic tools are available.
Cons
- High swaps.
10. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
Regulation of Forex Trading in the Philippines
The main challenge in the regulatory landscape for Forex trading in the Philippines arises from the Securities Exchange Commission's (SEC) prohibition on trading with leveraged products. This restriction forces traders in the Philippines to engage with international brokers, many of whom are licensed in foreign jurisdictions. However, not all international brokers operate under regulatory oversight, posing a risk to traders. Therefore, traders in the Philippines must exercise caution and select a reliable and trustworthy broker to trade Forex.
How We Compiled the Best Forex Trading Platforms in the Philippines
Our meticulous approach to selecting the best trading platforms in the Philippines involved a rigorous and holistic assessment:
Our selection of brokers is drawn from our comprehensive list of Forex brokers.
These Forex and CFDs brokers are assessed based on our established evaluation methodology.
Each broker listed is open to Forex traders from the Philippines, ensuring accessibility and inclusivity.
Our criteria were designed to ensure that our curated top Forex brokers, regulated within the Philippines, adhere to the highest reliability standards and offer trading environments essential for secure and efficient participation in the Forex market.
FAQ
Is Forex Trading Legal in the Philippines?
Yes, Forex trading is legal in the Philippines, provided the local broker is authorized by the Securities and Exchange Commission (SEC), which regulates the country's securities industry. Despite no law explicitly prohibiting trading Forex in the Philippines, a statement released by the Republic of the Philippines’ Securities and Exchange Commission in 2018 caused confusion by declaring “foreign exchange trading is illegal in the Philippines” without specifying the details or basis for this claim.
It's important to note that there are currently no Forex brokers licensed and regulated within the Philippines, meaning Philippine residents who wish to engage in Forex trading must do so with offshore brokers. Consequently, traders must choose well-regulated international Forex brokers in reputable jurisdictions to ensure safety and compliance.
What is the Best Time to Trade Forex in the Philippines?
The best time to trade Forex in the Philippines is during the overlap of major trading sessions such as the London and New York sessions, typically from late evening to early morning in Philippine time. For precise times, refer to our Forex Market Time Converter.
Are Forex Brokers Regulated in the Philippines?
Yes, Philippines Forex brokers are regulated by the SEC. This ensures they adhere to strict financial standards and practices, providing traders a safer trading environment.
How Do Forex Brokers Make Money?
Forex brokers make money primarily through spreads, which differ between the bid and ask prices of currency pairs. Some also charge commissions on trades or fees for various services.
Do Forex Traders Pay Tax in the Philippines?
Yes, forex traders in the Philippines must pay taxes on their trading profits. The specific tax rates and regulations can vary, so it's advisable to consult with a tax professional.
What Are the Minimum Capital Requirements for Forex Trading in the Philippines?
The minimum capital required to start Forex trading in the Philippines varies by broker. Some brokers for beginners allow traders to start with as little as $50, while others may need more.
How to Avoid Forex Trading Scams?
To avoid Forex trading scams, always trade with regulated brokers, be skeptical of promises of high returns with little risk, and do thorough research before investing. Be cautious of unsolicited offers and ensure the broker's credibility by checking their regulatory status.
Can I Trade Forex Without a Broker?
You cannot trade Forex without a broker because brokers provide access to the Forex market. They offer the platforms and tools necessary for trading.
What Are Managed Forex Trading Accounts?
Managed Forex trading accounts are investment accounts where a professional trader or a trading company makes trading decisions on behalf of the client, aiming to generate profits in exchange for a fee or a percentage of the profits.
What is Negative Balance Protection in Forex Trading?
Negative balance protection is a policy offered by some forex brokers that prevents traders from losing more money than they have in their trading account, protecting them against owing money to the broker in volatile market conditions.
Why Is Forex Trading Popular in the Philippines?
Forex trading is popular in the Philippines due to its accessibility, the potential for high profits, the flexibility of trading hours, and the low initial investment required. It allows Filipinos to participate in the global financial markets.
