Forex Brokers in the Philippines

As one of the most vibrant and dynamic economies in the East Asia Pacific region, it is perhaps little surprise that forex trading has exploded in popularity in recent years, with a number of forex brokers now available in the region. The dynamism of the Philippines economy has brought with it rapid rises in living standards across this scattered island nation. And with rapidly increasing urbanisation, a growing middle class, and a large and young population, the Philippines has all the right characteristics to become an online trading hub in the years and decades to come.

Despite global shocks such as  the COVID-19 pandemic, the Philippines’ economy grew by 7.6% in 2022, an increase on the 5.7% growth it saw in 2021. The poverty rate has also declined over recent years, dropping from 23.3% in 2015 to 18.1% in 2021.

In the Philippines, online trading such as forex is primarily regulated by the Securities and Exchange Commission (SEC), which is largely modelled on other international regulators such as those found in the US and the UK. Unlike its foreign counterparts, however, the Philippines SEC has taken a somewhat adversarial stance on online brokerages. As such, the market has increasingly come to be serviced by players outside the forex broker Philippines region. Despite these restrictions, online forex trading remains popular across the country. And with a growing number of broker forex Philippines launching, there has never been a better time to get started!

With that said, if you want to see what the best forex broker Philippines has to offer, keep reading to get a broad overview of what the market currently has to offer. Use these guides to assess their reliability and trustworthiness, as well as the features they have on offer. Take the plunge and get started today!

Related Articles

• How to Start Forex Trading in the Philippines
• How to Start Forex Trading in Indonesia
• How to Start Forex Trading in Singapore
• Ultimate Guides to Forex Trading by Country

Broker	Features	Regulator	Platforms	Next Step
Between 74-89% of CFD traders lose Founded: 2010 Between 74-89 % of retail investor accounts lose money when trading CFDs	Low trading costs Great market flow Research and analysis which helps spot trades Wide range of Copy and Social Trading options Limited range of non-forex markets Read Pepperstone Review	ASIC, FCA	MetaTrader 4, MetaTrader 5, cTrader	Sign Up OPEN FREE DEMO ACCOUNT Read Pepperstone Review
Your capital is at risk Founded: 2006 Europe* CFDs ar...	Multi-asset broker offering a wide variety of markets Strong regulatory framework Innovative risk management tools Choice of market-leading platforms Wide spreads on some markets Expiry date on Demo Accounts Read AvaTrade Review	ASIC, FSA, FSB, MiFID	MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader	Sign Up OPEN FREE DEMO ACCOUNT Read AvaTrade Review
77% of CFD traders lose Founded: 2007 77 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.	Social and Copy Trading Platform Beginner Friendly Risk-free Demo Account Top-tier regulation Limited means of raising queries Withdrawal process isn’t really ‘client-focused’ Read eToro Review	ASIC, CySEC, FCA	eToro Platform	Sign Up OPEN FREE DEMO ACCOUNT Read eToro Review
Your capital is at risk Founded: 2014	User-friendly platform with great trade-analysis tools Leverage Up To 1:500 Spreads as low as 0.00 pips Quality trade execution thanks to high-spec IT infrastructure $0 minimum account opening balance 26,000 tradeable instruments Not available in all jurisdictions Regulatory infrastructure Read BlackBull Review	FSPR	MT4	Sign Up OPEN FREE DEMO ACCOUNT Read BlackBull Review
Your capital is at risk Founded: 2009, 2015, 2017	Low minimum deposit Super- tight bid-offer spreads Impressive trading platforms Tier-1 regulators Difficult to contact tech support No Crypto Read XM Group Review	ASIC, CySEC, IFSC	MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, MT5	Sign Up OPEN FREE DEMO ACCOUNT Read XM Group Review

Read our reviews of more forex brokers that did not make our top list above: