Best Forex Brokers in Philippines – TOP 10 List – (Updated April 2018)

In below table you find the comparison of the best forex brokers for Philippines residents.

forex broker philippinesBroker's Name User's ScoreBonusMinimum depositTrading PlatformRegulation & LicenseOur Review

9.5 / 10 -$10+ CySEC
IQ OPTION review

9.3 / 10 $30 FREE*$5MetaTrader 4
MetaTrader 5
Android/iOS Apps
+ FCA U.K.XM review

9 / 10
-$200CopyTrader™

+ FCA U.K.
+ CySEC
eToro review
4.9 / 10 100%**

$50 MetaTrader 4+ CySEC
+ FSB South Africa
HotForex review
5.
9 / 10 -$1000MetaTrader 4+ FCA U.K.
+ DFSA Dubai
6.8.6 / 10 40%$100MetaTrader 4
+ Central Bank of Ireland
+ FSB South Africa
AvaTrade review
7.7.6 / 10 -$100MetaTrader 4+ CySEC
+ FSB South Africa
8.6.8 / 10 -$100MetaTrader 4CySEC
9.6 / 10 -$100MetaTrader 4CySEC

Is forex trading legal in Philippines?

Yes it is legal as long as you choose a regulated forex trading company. As the economy of forex broker philippinesPhilippines continues to grow, there are more and more locals open forex accounts with foreign forex companies who offer them the best trading services.

Which forex broker is the best for you?

This is really a tricky question. It depends on many factors.

If you are a newbie in forex trading business, then you should definitely choose a broker which meets certain requirements:

  • a company which has good reputation among fx traders
  • offers you top trading tools like Metatrader 4/5, Apps for Android/iPhone
  • beginner friendly and easy to understad trading platform
  • doesn’t require a big minimum deposit
  • charges low fees (low spread/low commisions)

However with hundreds of brokers on the market, it is not easy to figure out which company is serious to deal with! We want to help you to start with forex trading and become profitable very quickly, we prepared and regularly update the above table with comparison of best forex companies!

Who regulates forex brokers in Philippines?

The main regulatory body in the country is Securities and Exchange Commision of Philippines which overlooks the local financial market and its main role is to protect investors from fraud. If you feel you face any issue with a brokerage, you can submit a complaint through their website www.sec.gov.ph.

There are some local fx brokerages who are listed by Sec.gov.ph but according to our knowledge of local market, vast majority of Filipinos trade currencies through some of the worlds best fx companies who are residing abroad and regulated by worlds’ top reputable regulatory bodies like FCA in the United Kingdom or CySEC in Cyprus.

 

Do you want to open a forex trading account in Philippines and you are still unsure?

Are you uncertain about some companies? Feel free to ask below in comments! Our staff is monitoring this forum and replying to all questions usually within 48 hours.

 

Best Forex Brokers in Philippines – TOP 10 List – (Updated April 2018)
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