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5 Best Forex Brokers in the Philippines for 2024

Searching for the top forex broker in the Philippines? Based on our hands-on analysis, we’ve identified the 5 best options tailored to various trading needs. Practical tips from our experts are included.

Plamen Stoyanov
Reviewed By:
Aviva Gurevich
Updated: Mar 21, 2024

List of Top Forex Brokers and Trading Platforms in the Philippines

Multi-regulated in different jurisdictions. Diverse account types. Intuitive proprietary platform. Member of the Compensation Fund. Local payment methods. Social trading.

Selection of platforms. Comprehensive research materials. Fast order execution. Good range of instruments. Competitive prices.

Top-tier regulations. Competitive prices. 800+ tradable instruments. IRESS platform. Extremely low spreads on CFD shares.

Very low trading fees. Broad range of research and educational content. Access to deep liquidity. Plenty of platforms. VPS hosting.

1250+ instruments to trade with. Multiple tools for automated trading. Broad range of educational content. Options trading. Islamic accounts.

Forex Trading in the Philippines

Traders from the Philippines face specific challenges when searching for a reliable broker. Beyond the universal factors every trader has to consider – such as brokerage fees and platform offerings – Filipino traders also need to take into account a broker’s licensing and the availability of instruments from the Southeast Asia region.

The chief difficulty is that the Securities Exchange Commission (SEC) of the Philippines has prohibited trading with leveraged products. Consequently, traders from the Philippines must work with international brokers, many of which have overseas licensing. However, that is not always the case; some international brokers may operate without regulation. Hence, you should be careful to choose a trustworthy partner.

The factor of geographical location is also one to consider. Filippino traders are mainly active during the Asian trading session, characterized by quieter trading activity and lower liquidity levels compared to the crossover period between the EU and U.S. sessions. Due to these and other constraints, such as limited operational hours, local traders would benefit from choosing a broker that offers a broad range of region-specific instruments, such as stocks and indices.

How Did FX Empire Choose the Best Forex Brokers in the Philipines?

FXEmpire's Methodology

  • 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.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. You can read more about it and how we conduct our tests here.

Now let’s turn to our picks for each category.

Best Overall

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.
  • Min Deposit
  • Tradable Instruments
  • Fees

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:

  • Philippines residents can register with: Exness (SC) Ltd
  • The entity is regulated by: FSA (Seychelles), License No. SD025
  • Offices in: Mahe, Seychelles
  • 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.

  • Very low general fees.
  • 24/7 customer support.
  • Offers VPS hosting.
  • Diverse account types.
  • The Exness portal lacks some essential order types.

Best MT4

Forex margin trading involves substantial risks.
  • Min Deposit
  • Tradable Instruments
  • Fees

OCTA is headquartered in Saint Vincent and the Grenadines. The derivatives broker was established in 2011 and offers traders access to over 200 instruments from various asset classes.

When it comes to MetaTrader, the platform comes with pre-built features. But to make the most of it, you must choose a broker with great accompanying services. I assessed OCTA to be that broker. It provides sophisticated copy-trading solutions, along with an extensive assortment of highly informative research and educational materials.

Regional Features:

  • Philippines residents can register with: Octa Markets Inc.
  • The entity is regulated by: The authorities of Saint Lucia
  • Offices in: Castries, Saint Lucia
  • Regional Instruments: Multiple
  • Accepts payments in: PHP via Bank Wire

MetaTrader 4 comprises over 60 technical indicators and analytical objects, which you can use to analyze price action behavior and the underlying market sentiment. I also like that placing orders is easy and intuitive. The platform supports one-click trading and trading from the chart.

However, I also find the platform quite cumbersome in some regards. For instance, I do not like that you can’t search for an instrument by name and should instead scroll through the entire list of available instruments.

To assess the competitiveness of the broker’s fees, I opened an OCTA MT4 account. It features commission-free trading and floating spreads starting from 0.6 pips. In my assessment of the spread on the EURUSD, one of the most traded instruments, I measured it at 1.0 pips. This falls in line with the industry average.

  • Sophisticated copy trading solutions.
  • Tight spreads on some instruments.
  • Commission-free trading.
  • Choice of platforms.
  • Good research materials.
  • Weak offshore license.

Best Low Spreads

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.
  • Min Deposit
  • Tradable Instruments
  • Fees

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:

  • Philippines residents can register with: FP Markets LLC
  • The entity is regulated by: It is a registered company in St. Vincent and the Grenadines under Limited Liability Number 126 LLC 2019
  • Offices: Kingstown, St. Vincent and the Grenadines
  • 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 Phillippines can enjoy an unsurpassed level of freedom. They can also trade on the renowned MetaTrader 4&5 platforms, which support fast order execution, and make use of FP Markets’ solutions for social and automated trading.

  • Very low spreads on CFD shares.
  • Best execution policy.
  • No inactivity fee.
  • Free deposits and withdrawals.
  • No proprietary platform.

Best for Beginners

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
  • Min Deposit
  • Tradable Instruments
  • Fees

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:

  • Philippines residents can register with: Raw Trading Ltd
  • The entity is regulated by: FSA (Seychelles), License Number SD018
  • Offices in: Mahe, Seychelles
  • 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.

  • Very competitive pricing.
  • Diverse account types.
  • 24/7 customer support.
  • Probing educational and research materials.
  • Limited availability of the mobile app.

Best Trading Platform

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
  • Tradable Instruments
  • Fees

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:

  • Philippines residents can register with: Ava Trade Markets Ltd
  • The entity is regulated by: FSC (British Virgin Islands), Licensing Number SIBA/L/13/1049
  • Offices in: Road Town, British Virgin Islands
  • 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,, 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.

  • Multiple instruments from different markets.
  • Options trading available.
  • Broad range of platforms.
  • Leading third-party tools.
  • The entity has no compensation scheme.

How to Choose a Forex Broker in the Philippines?

After covering our picks for each category, it’s time to examine the particular considerations traders in the Philippines need to make when choosing the right partner for themselves:

How to Find a Safe Broker?

To stay safe on the market, you need to think in terms of the reliability of the broker you work with and how to mitigate the trading risk when executing positions. Your first concern should be licensing. Since the local regulator (the Securities Exchange Commission) has prohibited Forex trading in the Philippines, if you wish to trade leveraged products, you must choose a broker with international licensing and regulation to provide financial services to traders globally. One example of a regulatory body ensuring this is the Financial Service Authority (FSA) of the Seychelles.

With regards to the trading risk you are bound to face, I have listed the most important safety mechanisms to look for in a broker:

  • Negative balance protection. Negative balance protection is the safety net that ensures traders cannot incur losses that exceed their account balances. This is especially important in highly volatile markets and when trading leveraged instruments like Contracts for Difference (CFDs).
  • Segregated client funds. Brokers that keep their clients’ funds in separate bank accounts from the ones used for their corporate capital mitigate the risk of accounting errors.
  • Compensation scheme. A compensation scheme can reimburse clients of a broker in the unlikely event that the company becomes insolvent. Private indemnity insurances serve a similar purpose. They protect the trader against the broker’s credit risk and liabilities.
  • Best execution policy. Brokers that have a ‘best execution policy’ are obliged to fill their clients’ orders under the most favorable conditions at the time. This is very important as a ‘best execution policy’ effectively decreases the likelihood of traders incurring a negative slippage.

Traders can see whether a broker provides these and other safety mechanisms by checking its documents in the Legal Docs section of the website.

Check out our comprehensive guide on the Best regulated forex brokers.

How to Choose the Most Suitable Account?

It is always important to check which account type offered by a broker is the best match for your personal goals, needs, and means on the market. There are two common account types in the industry – classic and raw. The former affords commission-free trading and floating spreads, usually starting from 1.0 pips. The latter has raw spreads starting from 0.0 pips and a fixed round turn commission, typically around $6 per traded lot.

In my experience as a high-frequency trader, I have always found the features of Classic accounts to be more suitable for implementing strategies such as intraday trading and scalping. In contrast, Raw accounts cater to the needs of high-volume traders who tend to execute larger orders over longer periods.

There is also the question of liquidity. Brokers with access to deep liquidity are better equipped to fill orders promptly and precisely. This mitigates the risk of negative slippage and ensures better prospects for success in the long run. A pro tip: look for brokers like IC Markets, which display their average execution speeds on the website and post regular execution reports.

Read more about Best STP forex brokers and Best ECN forex brokers.

How to Choose a Trading Platform?

The next thing traders need to think about when choosing a broker should be the platforms and tools it supports. Platforms like MetaTrader 4&5 are popular with beginners and have a decent range of technical indicators and drawing tools. Another benefit is that it is quite easy to automate your trading with MetaTrader via its Expert Advisors (EAs) feature. However, I find the platforms in the MetaTrader franchise to lack the easy-to-navigate interface of newer and sleeker platforms like TradingView and NinjaTrader. Read more about each of the platforms in our detailed guides on the best MT4best MT5, best TradingView, and best NinjaTrader brokers.

In terms of tools, it is worth choosing a broker that incorporates those third-party tools that enhance its own services. For instance, services like TradingCentral and Autochartist afford traders a deep and penetrating insight into currently unfolding trading setups. There is also DupliTrade, which provides comprehensive solutions to those interested in copy trading.

Here are our picks of Best forex trading platforms.

What to Consider in Instrument Selection?

Finally, it is crucially important to consider the exposure to different markets your broker gives you. What I mean by that is you need a broker that offers a wide range of high-volatility assets, like CFD shares and cryptocurrencies, and lower-risk securities, like bonds and treasuries. The market is ever-evolving, and it is my experience that traders who last the longest are the ones who can adapt quickly to the changing market sentiment.

However, there are additional considerations that Philippino traders should make that are more country-specific. As was mentioned in the introduction, traders in the Philippines are active during the Asian trading session, which is a period that is typically characterized by diminished though climbing trading activity.

There is a 12-hour difference between Manila and New York, meaning that most traders in the Philippines will find it difficult to be active during the U.S. open. This is important for the type of instruments offered by a broker. For instance, your broker might offer hundreds of blue-chip CFD stocks of top American companies, which is great, but this diversity will be of little use to traders in the Philippines who are reluctant to stay up late.

That is why it is a good idea to select a broker that offers you a decent amount of Asian instruments, such as stocks of regional companies, commodities, ETFs, currency pairs, and others.

Explore Best share CFD forex brokers and Best commodity trading brokers.

What to Avoid When Choosing a Forex Broker in the Philippines?

Above all else, it is important to choose a safe and trustworthy broker. Reliable brokers are always the ones that are licensed by strict regulatory bodies. But licensing alone is not enough to guarantee safety, as not all regulators mandate adherence to the same policies.

It is up to the trader to check whether the broker complies with the most vital safety mechanisms in the industry, such as having negative balance protection, segregation of client funds, and compensation scheme or private indemnity insurance. It is also helpful when brokers have a ‘best execution policy’ to ensure the most favorable price quotes are used for order filling under prevailing market conditions.

Regarding trading fees, traders should generally avoid accounts with floating spreads starting from 1.4 pips or round-turn commissions above $6.5 per traded lot. These rates exceed the industry average. See our guides for the best lowest spread and best zero spread forex brokers.

Finally, when it comes to platforms, tools, and instruments, traders should look for diversity and versatility. The more options you have, the easier it is to diversify your trading risk and become a consistently performing trader.

How to Avoid Forex and CFD Scams?

Scammers rely on the gullibility of traders. A common tactic fraudsters employ is to promise quick and easy profits at no risk to the trader. Oftentimes, scammers would use labels that closely resemble the brands of real and legitimate companies. That is why regulators like the FCA have registers where traders can read about such fraudulent companies pretending to be others.

The best and easiest way to protect yourself is to make sure you work with a trustworthy and transparent broker. You can find a comprehensive list of reliable brokers by jurisdiction here.

Another thing to keep in mind is that you need to be careful where you leave your information online. Registering your details on suspicious pop-ups and landing pages promising you enormous profits could result in your contact details ending up in a scammer’s calling list. Remember, no licensed broker would make unsolicited cold calls.

The next time you get contacted out of the blue with promises of becoming the next Warren Buffet, you must remember that you are most likely speaking to a scammer. In my experience, nowhere is the “if something sounds too good to be true…” saying truer than in the world of trading. That is why you should do your due diligence before opening an account with any broker.

Our Methodology

FX Empire has pioneered a unique methodology for evaluating CFD brokers worldwide. Our goal is to highlight all the advantages and disadvantages of a broker’s service so that our readers can make informed decisions when choosing a reliable partner. Our reviews are written with care and attention to detail, focusing on the goals and needs of the typical retail trader.

Our team of dedicated professionals is working continuously to improve our system and keep it up-to-date with current market trends. We test each broker systematically by employing over 250 variables across nine categories:

  • Trust
  • Fees
  • Account Types
  • Tradable Instruments
  • Platforms and Tools
  • Deposits and Withdrawals
  • Customer Support
  • Research
  • Education

We strive to be as rigorous and objective as possible and write our reviews without personal bias. We check the licenses of all the subsidiaries of a broker and look at the fine print in the Client Agreement. The reliability of a broker is further determined based on the website’s regulations, fees, and general transparency. We check whether important information is omitted from the website and client agreement, or if it is presented in language that is difficult to grasp.

To check the performance of a broker in real time, we open a live account with one of its entities. This is done so that we can measure the spreads, swaps, and commissions on its most popular account type. Our findings are then compared to the industry average, which is how we determine whether a broker offers competitive prices.

We also test the functionality of the available platforms, the number and types of tradable instruments, the reliability of customer support, and the quality of the research and educational materials.

For this guide, we looked for broker entities with international licensing to provide financial services globally. Brokers must also accept the Philippine Peso (PHP) as a base currency. Additionally, we searched for reliability, low fees, and user-friendly platforms.

We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews. You can read more about our review process here.

Meet Our Writers

The team of forex and CFD analysts and editors at FXEmpire is comprised of trading industry professionals and seasoned financial journalists. Our experts are published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

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.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

The national financial regulator has prohibited forex trading, which is considered a form of gambling in the country. However, Filipino traders can still open accounts with international brokers. The most common type of trading is with leveraged products on margin, also known as trading with Contracts for Difference (CFDs).
SEC stands for Securities and Exchange Commission. In the Philippines, SEC is a branch of the government responsible for regulating the financial industry in the country. SEC has prohibited trading on margin in the country, meaning that forex traders in the Philippines must, at their own peril, open accounts with international brokers if they wish access to the market. This means that if they have any issues with their broker, SEC will not be responsible for resolving them. For further information, please visit SEC’s website.
When registering an account with an international broker, you must provide proof of address and identity. You can use a bank statement and national ID card as part of the verification process. Some brokers might also require you to disclose personal information, such as your trading experience.
Brokers are required to provide information about the entities they operate at the bottom of their web pages, including about the regulatory body that authorizes them. Additionally, you can check the legal docs section of the website to learn more about the regulation itself and the protections you are entitled to.
In my estimation, IC Markets provides the most well-rounded service needed to cater to beginners. The broker also has reliable customer support, competitive pricing, and a broad range of educational materials.
FXTM is the kind of broker that offers precise order execution and flexible pricing mechanisms that are suitable for the implementation of many different kinds of trading strategies.
AvaTrade offers the greatest degree of flexibility when it comes to the platforms and tools it supports. Traders can choose between CFDs and vanilla options on AvaTrade’s web trader platform and take advantage of its wide array of technical indicators and drawing tools.
Profits generated from trading with leveraged products and any other capital assets are liable for corporate gains tax. For further information, please check the site of the Republic of Philippines’ Bureau of Internal Revenue.
The Securities Exchange Commission (SEC) has prohibited Forex trading in the country, which is why there are no local brokers authorized by the regulator. Hence, Filipino traders who want exposure to the market are forced to work with international brokers.
Yes, provided you work with an internationally licensed broker.
No, trading Forex on margin requires the services of an OTC (Over-the-Counter) broker with access to market liquidity.
Many brokers don’t have minimum deposit requirements. However, you should carefully weigh in on your risks. If you cannot afford to spare more than $1000, you might not be able to manage your trading risk comfortably.
Negative balance protection is a safety mechanism that ensures you cannot lose more than what you have in your account balance.
By checking in the Client Agreement, which is typically found in the legal docs section of the website.
A compensation scheme protects the client against the broker’s credit risks and liabilities. In the unlikely event that the company goes bankrupt, a compensation scheme will reimburse your incurred losses up to a certain amount.
Brokers that participate in compensation schemes, such as the Investor Compensation Fund (ICF) in Europe, will typically display such information at the bottom of their website. Alternatively, you can check the website’s ‘Regulation and safety of funds’ or its alternative.
Brokers that keep their clients’ funds in segregated accounts decrease the risk of accounting errors, meaning the funds stay protected.
Such information should be displayed in the broker’s Client Agreement, which is typically found in the legal docs section of the website.

About the Author

Plamen StoyanovBroker Analyst

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.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.