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.

To verify license and see the Broker record check the official SEC website: www.sec.gov.ph , also follow Twitter @SECPhilippines for most prompt updates.

Best Forex Brokers Philippines - SEC Regulation website
Best Forex Brokers Philippines – SEC Regulation website

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 BrokerAccept Philippines clientsWhy they are our top picksOur Review
FXTMYesFXTM 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

FXTM Review
eToroYeseToro 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

eToro review
Saxo BankYesSaxo 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.comNoForex.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     

Forex.com Review
InteractiveBrokersYesInteractiveBrokers 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
PepperstoneNoPepperstone 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

Pepperstone review
CMC MarketsYesCMC 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.

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.

Leave a comment

Your email address will not be published. Required fields are marked *