Looking for a trusted Forex Brokers Philippines? Or not sure which Philippines broker is best for you? Or need to verify if your broker is truly regulated and a trusted broker?
We provide answers to all the questions in this article. We compare top 10 Forex in the Philippines, research the regulation status, spread & commission, time for deposit & withdrawal and many more findings.
Legitimate Forex Brokers in the Philippines & SEC Registered Brokers in Philippines
Philippines is a growing in demand for trading Asia destination, while Forex Brokers in manila and Philippines are required to be authorized by local authority Securities and Exchange Commission (SEC).
SEC is provides good protection for clients, however is not a top-tier regulatory body. Check historical background of SEC Forex Brokers Wikipedia.
Best Forex brokers in the Philippines
To select the best Forex Brokers in the Philippiness we research SEC regulated Forex Brokers and those regulated international brokers that accept traders from Philippines. We made a detailed review of spread, trading platform, deposits and withdrawals, education and customer service. Here is our List of Top Forex Brokers Review in Philippines and Best Forex Brokers in the category:
- FXTM – Best ECN Broker in Philippines
- eToro – Best Social Trading Broker Philippines
- Saxo Bank – Low Spread Broker in Philippines
- Forex.com – Best Forex Education in Philippines
- InterativeBrokers – Best for Professional traders in Philippines
What makes a good forex brokers Philippines?
There are 4 points that make the broker a good Philippiness Forex Broker – license, good reputation, trading conditions, education and research tools, and customer service.
- Licensed by Philippines SEC or to be other world-respected regulatory body (many well-regulated brokers accept Philippines traders but are not licensed by SEC)
- Good trading conditions with low spread, selection of various trading instruments and platforms
- Provide good-quality education with Webinars, trading videos and research
- Easy to communicate Customer Support on local language
Top Forex brokers in the Philippines List & Review
We select best in its category regulated brokers Forex not fake Forex Brokers that are multi-regulated and considered safe for Philippines and are Best brokers for Forex trading with competitive trading conditions:
|Forex Broker||Accept Philippines clients||Why they are our top picks||Our Review|
|FXTM||Yes||FXTM might be the best for ECN trading, scalpers and beginners. FXTM is among 9 brokers that offers ECN accounts. There is professional education section, low deposit requirement, the spreads are good.||Visit FXTM site|
|eToro||Yes||eToro can be the best option for Social Trading. You can pick from thousands (not hundreds – thousands) of top traders and copy trades, including specific portfolios. eToro is best for number of copy portfolios and transparency of copy performance.||Visit eToro site|
|Saxo Bank||Yes||Saxo Bank is good if you look for low spread Forex Brokers suitable for scalping. Saxo provides great proprietary software where spread for EUR USD averages on 0.8 pips, lower by 30% compared to other brokers. Also, Saxo is trusted European Online Bank.||Visit Saxo Bank site |
Saxo Bank Review
|Forex.com||No||Forex.com might be good choice for beginners, it is trusted global brand that provide great quality education and research, plus trading conditions are good with different account types and cost.||Visit Forex.com site |
|InteractiveBrokers||Yes||InteractiveBrokers should be the best for active traders. InteractiveBrokers proposal is excellent, there is almost no brokers in industry compared to IB. There are numerous trading possibilities and powerful trading platform, range of instruments with analysis, plus low spreads, IB covers it all.||Visit InteractiveBrokers site |
Interactive Brokers Review
|Pepperstone||No||Pepperstone might be the best for trading execution. Pepperstone uses ECN connection and offers various platforms plus range of tools like Smart Trader, AutoChartist and VPS.||Visit Pepperstone site|
|CMC Markets||Yes||CMC Markets might be the best fit if you are looking for a good trading App and Web platform. CMC Markets supports iOS and Android and is ranked by awards app with great tools, alerts and notification also has good range of Currency pairs.||Visit CMC Markets site|
CMC Markets review
More on Philippines Brokers
If you don’t know from where to start we recommended to read detailed review for brokers in your country or navigate categories to select broker for your trading need, also here we answer many common questions.
Forex Brokers with Lowest Deposit in Philippines
Selecting regulated online Forex broker with lowest deposit or Forex Brokers with free initial deposit you can look for XM that allowing first deposit of 5$ only. However, to start Live trading you need to deposit at least some lowest deposit at first.
NDD Forex Brokers in the Philippines
NDD Forex Brokers using No Dealing Desk execution for customer trades and connecting them to the market. Some of the NDD leading Forex brokers to check are FP Markets.
True ECN Forex Brokers Philippines
Forex ECN Brokers using electronic bridges technology that is light fast to connect your trades to the market. Forex ECN Brokers usually offering account like Forex Brokers with zero spreads and commission charge as a trading cost. You may Check FXTM ECN account offering.
High Leverage Forex Brokers Philippines
Leverage ratios in Philipiness are set by the regulatory requirements, and still allowing high leverage ratios like 1:300 also offered by Plus500 broker or even 1:500 like Pepperstone allowing.
Top Forex Brokers in the World
Top 5 or top 10 Forex in the World are different depending on the jurisdiction, there are Top Brokers in the US and Top Brokers in the UK while all are first trusted Forex Brokers with local regulations. Some of the World Top Brokers are biggest Forex Brokers worldwide like InteractiveBrokers, IG and OANDA.
Author of this review
By Jimmy O'Brien
Author of this review
Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.