6 Best Forex Brokers in the Philippines for 2026
We tested over 80 brokers this year and shortlisted the platforms that offer the safest and most practical experience for traders in the Philippines. Since local regulations do not permit onshore forex trading, we have focused only on internationally licensed brokers supervised by trusted global regulators.
- Rankings are not for sale — the order comes from our test scores; no broker can pay for a higher spot.
- The authority on broker reviews since 2011 — traders have relied on our independent broker testing for over a decade.
- 80+ brokers tested every year — we test the whole market, so we know the benchmark — and which brokers actually beat it.
- Every broker takes the same test — one published scoring system: 9 weighted categories, 250+ variables, measured hands-on by our analysts.
- Every fact is checked twice — a dedicated editor re-verifies each data point, from licenses to spreads, before publication.
We also checked for low trading fees, PHP deposit and withdrawal options, and strong order execution supported by deep liquidity. On top of that, we looked for brokers that offer localized services—such as websites, platforms, and customer support available in Filipino or tailored specifically for Philippine users.
We tested each broker hands-on, using our proprietary scorecard with hundreds of points, to ensure a smooth, reliable, and well-supported trading experience for Filipino traders.
List of Top Forex Brokers and Trading Platforms in the Philippines
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
Exness | 4.6 | 4.6 | $10 | 1:1000 (BVI FSC) 1:2000 (FSCA) · 1:2000 (CMA) · 1:30 (FCA) · 1:2000 (CySEC) · 1:2000 (CBCS) · 1:500 (FSA) | MT5, MT4, Exness Terminal | General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs. |
IG | 4.7 | 3.8 | $50 | 1:30 (FCA) 1:30 (JFSA) · 1:200 (BMA) · 1:30 (BaFin) · 1:50 (NFA) · 1:30 (ASIC) · 1:30 (FINMA) · 1:20 (MAS) · 1:30 (DFSA) · 1:30 (FSCA) | MT4, ProRealTime, L2 Dealer, TradingView, IG Online Platform | 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money |
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
IC Markets | 4.8 | 5.0 | $0 | 1:30 (ASIC) 1:30 (CySEC) · 1:5000 (FSA) · 1:400 (CMA) · 1:200 (SCB) | MT5, cTrader, MT4, TradingView, Zulutrade | Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
How Did FXEmpire Choose the Best Forex Brokers in the Philippines?
- Strong international licensing. Since Forex trading is prohibited by the local regulator, we only considered brokers with international licensing that are regulated by trusted regulatory bodies. This is essential for ensuring that the broker complies with all essential safety policies.
- Low trading fees. We were looking for brokers that offer commission-free trading and low floating spreads, accommodating various trading strategies.
- Deposits and withdrawals in PHP. With the general user experience of traders in the Philippines in mind, we only selected brokers that accept deposits and withdrawals in Philippine peso (PHP).
- Trading software. Only brokers with the most versatile platforms and practical supporting tools were selected to ensure that traders are given everything they need to examine price action behavior from multiple angles.
- Range of trading instruments. As a general rule, ‘the more, the better’ adage holds true when it comes to the number of tradable instruments. That is why we handpicked brokers that afford access to a wide and diverse range of markets.
- Local customer support. In selecting our picks for each category, we were looking for brokers with global reach of customer support. We consider timely and easily accessible customer support essential for traders, wherever they may be located.
- Quality of order execution. To ensure precise order execution, we selected brokers that have access to deep liquidity negating the risk of negative slippage.
- Accounts. Only brokers that provide a broad range of diverse account types were selected to make sure they cater to traders with different means and goals.
- Supporting content. Last but not least, we were looking for brokers who provide varied educational and research materials, such as webinars, videos, trading ideas, and more.
Now let’s turn to our picks for each category.
Best Overall
- $10Min Deposit
- 293Tradable Instruments
- LowFees
Why We Picked It
The Cyprus-based broker was founded in 2008 and has since expanded its operations globally. With its fast execution speeds, range of user-friendly platforms, and multilayered protections, I found Exness to be a well-rounded broker suitable for all kinds of traders. Its international entity is regulated by the Financial Services Authority (FSA) of SA.
Regional Features:
- Entity for Traders from the Philippines: Exness (SC) Ltd
- Regulator: FSA (Seychelles), License No. SD025
- Regional Instruments: 4 indices
- Accepts payments in: PHP via GCash
I tested Exness’ Standard account, which affords commission-free trading and floating spreads starting from 0.3 pips. As well as being well below the industry average, I consider this pricing mechanism to be suitable for both high-frequency and high-volume trading. Low spreads are a major determinant of success for precision trading, where tight entries and exits could mean the difference between profit and loss.
In addition to the renowned MetaTrader 4&5, traders can also try out the Exness Terminal. The broker’s proprietary platform comprises over 100 technical indicators and drawing tools, which is twice as much as what is available on MetaTrader. What I quite liked about the terminal is that it gives you the freedom to scale price action up and down with ease.
And with no cap on the maximum leverage permitted, Exness leaves it up to you to make the most out of its services and succeed on the market.
Pros and Cons
- Very low general fees.
- 24/7 customer support.
- Offers VPS hosting.
- Diverse account types.
- The Exness portal lacks some essential order types.
Best for Professional Traders
- $50Min Deposit
- 19234Tradable Instruments
- MediumFees
Why We Picked It
IG provides the type of professional-grade service that all experienced traders require. Founded in 1976, IG is a global leader in the online trading industry. It offers its clients access to over 17,000 markets, competitive trading fees, a choice of trading platforms and tools, and much more. IG is also a member of the FTSE200, attesting to its stability and trustworthiness.
Regional Features:
- Entity for Traders from the Philippines: IG International Limited, regulated by the BMA (Bermuda)
- Maximum Leverage: 1:200
- Platforms: IG Web, IG Mobile, MT4, TradingView, ProRealTime, L2 Dealer
- Payment Methods: Bank wire, international bank transfer, credit/debit card
- Bonuses and promotions: $150 welcome rebate
- Additional Features: Weekend trading – gold, forex, indices and cryptos
IG is one of the few brokers that provides FIX API solutions for Direct Market Access (DMA), allowing professional traders to obtain raw spreads directly from exchange order books. IG also offers weekend trading, advanced instruments like options, futures, and treasuries, along with fast order execution and very favorable trading fees.
Professionals will appreciate the sophistication of IG’s platform, which offers over 60 analytical tools and chart configurations. It also features a built-in news screener powered by Thomson Reuters to update users on the latest market developments. Additionally, IG’s trading station integrates advanced market analysis from Autochartist.
Pros and Cons
- FIX APIs for DMA
- Advanced charting
- 17,000+ markets
- Competitive spreads
- No localized website version
Best Order Execution
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
FxPro is a leader in the global trading industry thanks to its superior execution performance and versatile trading platforms. The London-based broker was established in 1999 and offers more than 2100 tradable instruments across different markets.
Regional Features:
- Entity for Traders from the Philippines: FxPro Global Markets Limited
- Regulator: The Securities Commission of the Bahamas (SCB)
- Accepts payments in: PHP via international bank transfer, credit/debit cards, PayPal, and others
I was impressed by FxPro’s ultra-fast order execution speed, averaging 12 milliseconds. For comparison, we consider the industry average to be around 60 milliseconds. Filipino traders may also appreciate FxPro’s access to deep liquidity. The broker reports that 84% of client orders are filled at the requested price or even better.
FxPro takes things to the next level by providing Virtual Private Server (VPS) hosting for low-latency trading and stable internet connectivity. The service is powered by BeeksFX, a global leader in VPS infrastructure, and is available for free to FxPro Premium accounts.
I conducted my testing on an FxPro Raw account, featuring a $7 round-turn commission per traded lot (100,000 units) and raw spreads from 0.0 pips. I found the pricing mechanism better-suited for high-volume trading. The minimum deposit required is $100.
High-precision traders can choose between flagship FxPro Trading platform, the renowned MT4 and MT5, and advanced cTrader. I tested FxPro’s platfotm and found it suitable for carrying out in-depth technical analyses thanks to its advanced charting capabilities. The platform also features 60+ technical indicators, drawing tools, and other chart configurations.
Pros and Cons
- Ultra-fast execution speeds
- Access to deep liquidity
- Wide choice of trading platforms
- 2100 tradable instruments
- Varied trading fees
Best Low Spreads
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
FP Markets is one of the better-known names in the online trading industry. The broker was founded in 2005 and is headquartered in Australia. I evaluated FP Markets’ services and determined they are most suitable for retail stock traders from the Philippines.
Regional Features:
- Entity for Traders from the Philippines: FP Markets LLC
- Regulator: Unregulated, registered in St. Vincent and the Grenadines under Limited Liability Number 126 LLC 2019
- Regional Instruments: 200+ shares (MT4&5), 4200+ shares (Iress), 5 indices
- Accepts payments in: PHP via Dragonpay
FP Markets affords two retail account types – Standard and Raw. The former offers floating spreads from 1.0 pips and commission-free trading, while the latter offers a $6 round-turn commission per 1 traded lot and raw spreads from 0.0 pips. I checked the value of trade (commission + spread) of 1 lot position on the EURUSD executed on the Raw account type and found it to average $7. This is below the industry average.
With its massive offering of 200+ CFD shares from the Southeast Asia region on its retail accounts and even more on the seamless Iress platform, traders from the Philippines can enjoy an unsurpassed level of freedom. They can also trade on the renowned MetaTrader 4&5 platforms, which support fast order execution, and use FP Markets’ solutions for social and automated trading.
Pros and Cons
- Very low spreads on CFD shares.
- Best execution policy.
- No inactivity fee.
- Free deposits and withdrawals.
- No proprietary platform.
Best for Beginners
- $0Min Deposit
- 7342Tradable Instruments
- LowFees
Why We Picked It
All beginners want to know what trading is and how they can make money from it. But what they truly need before they can become consistently successful is reliability. They need a reliable broker with whom they can learn, grow, and navigate the often turbulent market – a well-balanced broker such as IC Markets.
Regional Features:
- Entity for Traders from the Philippines: Raw Trading Ltd
- Regulator: FSA (Seychelles), License Number SD018
- Regional Instruments: 21 shares, 5 indices
- Accepts payments in: PHP via Bank Wire
IC Markets was founded in 2007 and is headquartered in Australia. I was most impressed by its ultra-fast order execution in under 40ms, 24/7 customer support, and a broad range of educational materials. Beginners can learn about everything from technical and fundamental analysis to the psychology of trading. In my personal experience, mastering the right mentality is the most difficult aspect of the learning curve, which is why I appreciated IC Markets for its strong emphasis on this aspect.
IC Markets’ standard account offers commission-free trading and floating spreads starting from 0.6 pips. Traders can choose from the industry-standard MetaTrader 4&5 and the advanced cTrader platforms. I personally prefer the latter as it affords greater flexibility when it comes to studying price action behavior.
Pros and Cons
- Very competitive pricing.
- Diverse account types.
- 24/7 customer support.
- Probing educational and research materials.
- Limited availability of the mobile app.
Best Trading Platform
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
Since its foundation in 2006, AvaTrade has quickly become a well-known and trusted broker by traders globally. In addition to its 1200+ CFDs, AvaTrade also offers a range of vanilla options. In my experience, being able to diversify your trading with different instruments, whether it be CFDs, futures, options, or others, is a great way to manage your trading risk. And Ava should be praised for affording this freedom.
Regional Features:
- Entity for Traders from the Philippines: Ava Trade Markets Ltd
- Regulator: FSC of British Virgin Islands, Licensing Number SIBA/L/13/1049
- Regional Instruments: 5 indices
- Accepts payments in: PHP via Bank Wire
AvaTrade incorporates the renowned MetaTrader 4&5, and it also has its proprietary Web Trader platform. The latter affords a more intricate insight into price action behavior with its versatile charts that support nearly 100 technical indicators and drawing tools. I personally appreciated the ease with which the platform affords scaling price action up and down.
AvaTrade also incorporates leading third-party tools, such as DupliTrade, Capitalise.ai, and Trading Central. This assortment of third-party tools is great as it affords traders a different perspective on current market developments.
With regards to fees, AvaTrade’s spreads on FX pairs and commodities are competitive, but its spreads on indices and CFD shares exceed the industry average.
Pros and Cons
- Multiple instruments from different markets.
- Options trading available.
- Broad range of platforms.
- Leading third-party tools.
- The entity has no compensation scheme.
All the Brokers We Tested
Update history
Related Guides
About the Authors
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
Amy leads the prop trading area at FXEmpire, collaborating closely with industry experts to deliver insightful and trustworthy reviews. Her work ensures that readers gain transparent, reliable guidance in navigating the fast-evolving world of proprietary trading firms.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
- List of Top Forex Brokers and Trading Platforms in the Philippines
- How Did FXEmpire Choose the Best Forex Brokers in the Philippines?
- Best Overall
- Best for Professional Traders
- Best Order Execution
- Best Low Spreads
- Best for Beginners
- Best Trading Platform
- All the Brokers We Tested
- Update history
- Related Guides