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At Infobrokers, we evaluate Forex brokers to help traders make informed, confident decisions and avoid unreliable or unsafe options. We use a professional and detailed approach, focusing on key factors such as regulation and safety, trading costs, ease of use, platform features for all experience levels, and real trader feedback collected over 15 years.
We’ve outlined every step of our evaluation in detail on our Methodology Page. Our process is transparent, data-driven, and built on years of expertise, combined with real trader insights, ensuring you can trust our recommendations.
Our goal is to guide traders toward brokers that are safe, reliable, and suited to their needs, whether they are beginners or experienced professionals in the Philippines
There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Comparison of leading Forex brokers in the Philippines
The minimum deposit, EUR/USD spread, eligibility for residents of the Philippines, and the number of available currency pairs are key factors to consider when choosing a broker.
- The minimum deposit shows how affordable it is to start trading.
- The EUR/USD spread highlights trading costs—lower spreads mean you save more.
- Eligibility for residents of the Philippines ensures you can legally access the broker’s services.
- The number of currency pairs reveals the variety of trading options available.
Together, these factors help you determine if a broker is safe, cost-effective, and aligned with your trading needs.
| Min deposit | $0,00 | $100,00 | $0,00 | $0,00 | $0,00 |
|---|---|---|---|---|---|
| Average Spread EUR/USD | 0.6 Pips | 0.6 Pips | 0.6 Pips | 0.6 Pips | 0.6 Pips |
| Currency pairs | 58 | 63 | 49 | 69 | 71 |
Trading fees and commissions of top brokers in the Philippines
We compared both trading and non-trading fees of the top brokers in the Philippines. This comparison highlights the following:
These include average spreads in pips for popular currency pairs like EUR/USD and GBP/USD, based on both Standard and ECN account types with floating spreads.
These cover deposit and withdrawal fees (percentage-based), along with inactivity fees.
By analyzing these parameters, we aim to provide a transparent overview of the cost-effectiveness of brokers in the Philippines.
Trading fees
| Average Spread EUR/USD | 1.2 Pips | 1.6 Pips | 1.6 Pips | 1 Pips | 1.3 Pips |
|---|
Non-trading fees
| Deposit fee | 0 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|
| Withdrawal fee | 0 | 0 | 0 | 0 | 0 |
Security and regulation of top brokers in the Philippines
When choosing a Forex broker in the Philippines, regulation ensures your funds are safe. Tier-1 regulation is the most reliable, with strict rules on transparency and client protection. Tier-2 regulation is solid but less strict, offering a reasonable level of oversight. Tier-3 regulation and unregulated brokers are riskier, with minimal or no monitoring, which can put your money at risk.
The data below shows the regulatory level of brokers available in the Philippines, helping you make a safe and informed choice.
| Regulation and safety | 4.9 | 4.8 | 4.8 | 4.8 | 4.7 |
|---|---|---|---|---|---|
| Regulation | — | FSCA (ZA) | FSCA (ZA), CBI (IE), ADGM (AE), ASIC (AU) | FSCA (ZA), BAFIN (DE), NFA (US), ASIC (AU), FINMA (CH), MAS (SG), DFSA (AE) | FSCA (ZA) |
| Negative balance protection | No | Yes | Yes | Yes | Yes |
Top 3 brokers for beginners in the Philippines
This comparison highlights the best brokers in the Philippines for new traders based on the following criteria:
- Education Score: Assesses the quality of educational materials, such as tutorials and guides.
- Cent Accounts: Allow traders to start with minimal capital ($1–$10), enabling them to learn market dynamics with limited financial risk.
- Demo Accounts: Provide risk-free environments for practicing trading strategies.
- Copy Trading: Enables new traders to learn by replicating the trades of experienced traders.
- PAMM Accounts: Offer opportunities for passive investment.
These features help ensure a smooth start and effective learning experience for beginners in the Philippines.
| Education score | 4.9 | 4.8 | 4.8 | 4.8 | 4.7 |
|---|---|---|---|---|---|
| Copy trading | No | Yes | Yes | Yes | Yes |
| PAMM | No | Yes | No | Yes | No |
| Mobile trading | Yes | Yes | Yes | Yes | Yes |
Is Forex regulated in the Philippines?
Forex trading is legal and regulated in the Philippines by the Securities and Exchange Commission of the Philippines (SEC). The regulator oversees financial services and licenses brokers. However, retail online trading through international platforms is subject to less stringent regulation.
Forex investor protection in the Philippines
The SEC requires licensed brokers to adhere to strict standards, including the protection of client funds and financial reporting. To further protect clients, unlicensed local brokers are prohibited. Investors can check the list of licensed companies on the SEC website. Risks arise when working with unregulated international platforms, as local protections do not apply to them.
Forex taxation in the Philippines
Forex trading income is considered taxable income in the Philippines and is subject to progressive taxation, with rates ranging from 20% to 35%, depending on the individual’s income bracket.
How to choose a Forex broker in the Philippines
For beginners, it’s essential to start with a strong foundation in Forex trading basics. Focus on understanding trading psychology, how leverage impacts risk, and the importance of lot sizes and risk management strategies.
Once you’ve built your knowledge, follow these practical steps to begin trading Forex in the Philippines:
Ensure the broker is regulated by a Tier-1 or Tier-2 regulatory authority or holds a valid license in India. Regulation helps guarantee fund safety and compliance with industry standards.
Seek brokers offering low spreads, transparent fees, and competitive commission structures for the Philippines clients to minimize trading costs.
Choose brokers offering advanced platforms such as MT4, MT5, or TradingView for efficient trading and analysis.
Select a broker that offers account types suited to your needs, such as Cent and Demo accounts for beginners and ECN accounts for experienced traders.
Ensure the broker provides fast, affordable, and reliable deposit and withdrawal methods in the Philippines.
Choose brokers that offer responsive, multilingual support 24/7 to ensure prompt and effective issue resolution.
How to start trading Forex with minimal or no investment in the Philippines?
Forex trading in the Philippines can begin with minimal or no investment by choosing brokers that offer cent accounts, allowing low-risk trading with small amounts. Many brokers also provide no-deposit bonuses , affiliate programs, and trading contests to help you earn start-up capital without using your own funds. Practicing on a demo account is strongly recommended to build skills and confidence before transitioning to live trading.
| Overall score | 4.3 | 4.2 | 4.2 | 4 | 4 |
|---|---|---|---|---|---|
| Min deposit | $10,00 | $0,00 | $0,00 | $100,00 | $0,00 |
| Deposit bonus | Yes | No | No | No | No |
| Deposit fee | 0 | 0 | 0 | 0 | 0 |
| Withdrawal fee | 0 | 0 | 0 | 0 | 0 |
Expert advice for traders in the Philippines
