Best Forex Brokers in the Philippines

Following our in-depth review and ranking process, here are the best forex brokers in the Philippines;

Best Forex Brokers in the Philippines

  1. Capital.com
  2. IC Markets
  3. FBS
  4. Forex.com
  5. CMC Markets

1. Capital.com

Capital.com

Capital.com is a cutting-edge & innovative global online broker offering forex trading and CFDs across a variety of asset classes including indices, commodities, shares, ETFs and cryptocurrencies, with over 6000+ instruments to trade.

Capital.com offers a well-rounded brokerage service with trading solutions suitable for retail and institutional clients. It also provides support for all trading styles and strategies such as scalping, hedging and algorithmic trading etc. In addition, clients can enjoy an extensive list of cutting edge brokerage services including access to; deep liquidity, low trading fees, ultra-tight spreads with zero commissions, fast order execution, negative balance protection, industry-standard trading platforms, quality educational offering and wonderful customer support service, among others.

Capital.com Overview

BrokerCapital.com
RegulationASIC (Australia), FCA (United Kingdom), CySEC (Europe), NBRB (Belarus)
Forex Pairs138
Trading PlatformsCapital.com Web Platform, MetaTrader 4, TradingView
Minimum Deposit$20
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesGBP, USD, EUR, PLN, AUD
Payment MethodsBank Wire Transfer, Visa, MasterCard, Skrill, Neteller, iDeal, Giropay, Przelewy24, QIWI, WebMoney, Trustly, Worldpay and AstroPay

Pros

  • Strong regulatory framework.
  • Easy account registration process.
  • Low minimum deposit (from $20).
  • Deep liquidity.
  • Fast order execution.
  • Negative balance protection.
  • Industry standard trading platforms.
  • Transparent fee structure, with no hidden charges.
  • Zero commissions.
  • No deposit and withdrawal fees.
  • Consistent ultra-tight spreads.
  • Low overnight fee.
  • Free quality trading education, including online courses, guides and webinars.
  • Unlimited demo account duration.
  • Great customer support service, available 24/7.

Cons

  • MetaTrader 5 is not available.

2. IC Markets

IC Markets

IC Markets is a global leading online broker, as well as one of the largest forex providers (by trade volume) in the world. It offers forex and CFDs on a wide variety of global markets including, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.

IC Markets offers an excellent trading solution suitable for beginner and professional traders, along with adequate support for all trading styles and strategies (such as scalping, hedging, algorithmic trading etc). In addition, all clients can enjoy a plethora of top-notch trading services, some of which includes; consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and great customer support service available 24/7.

BrokerIC Markets
RegulationASIC, FSA, CYSEC
Forex Pairs61
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 (or currency equivalent.)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsBank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking.

Pros

  • Hassle-free account registration process.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Strong global presecence and reputation among traders.
  • Deep liquidity.
  • Negative balance protection.
  • Clients funds are segregated.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Provides support for algorithmic (such as Expert Advisors).
  • Over 61 currency pairs to trade including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Low latency and ultra-fast trade execution.
  • Supports all trading styles and strategies.
  • Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
  • Demo account with unlimited usage duration.
  • No inactivity fee.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.

Cons

  • Product offering limited to CFDs.
  • No proprietary trading platform.

3. FBS

FBS

FBS is a highly reputable global online broker established and operated by FBS Markets Inc.; a globally recognized brand with over 22 million clients across 190+ countries worldwide. FBS offers CFD trading across a variety of asset classes including forex, metals, stocks, energies, indices and cryptocurrencies, with over 150+ instruments to trade.

FBS offers an exceptional brokerage service suitable for both newbie and professional retail clients. It offers various unique account types which clients can choose from to enjoy a tailored trading experience. Also, traders can enjoy many great trading conditions and services including deep liquidity, ultra-fast order execution, flexible & high leverage (from 1:1 to 1:3000), ultra-low spreads from 0.0 pips, industry-standard trading platforms, multiple fast & secure payment methods, dedicated customer support available 24/7 and much more.

FBS Overview

BrokerFBS
RegulationIFSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa)
Forex Pairs50+
Trading PlatformsFBS Trader, MetaTrader 4, MetaTrader 5
Minimum Deposit$1
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:3000
Account CurrenciesUSD, EUR
Payment MethodsBank Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, OkPay, FasaPay, Local Deposits, SticPay

Pros

  • Strong regulatory framework.
  • Newbie friendly.
  • Over 12 years of industry experience.
  • Partner with top brands such as Leicester City FC and FC Barcelona.
  • Supports all trading strategies allowed.
  • Demo account with unlimited usage duration.
  • Negative balance protectiion.
  • Deep liquidity.
  • Low latency and fast order execution.
  • 50+ Currency pairs including major, minor and exotic currency pairs.
  • Low minimum deposit, starting from $1.
  • Flexible and high leverage from 1:1 to 1:3000.
  • Ultra-low spreads from 0.0 pips.
  • Great bonuses and contests for traders.
  • Tailored account types with great trading conditions and tools.
  • Fast and secure deposit and wthdrawal methods.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Quality educational offering, including, e-courses, webinars and video tutorials.
  • Offers social/ copy trading through its proprietary copy trading platform (FBS CopyTrade).
  • Friendly customer support service, available 24/7 in over 18 languages.

Cons

  • Limited Product offering.
  • Limited account base currencies.
  • Limited amount of instrments compared to competitors.

4. Forex.com

Forex.com

Forex.com is a highly reputable online broker across the globe and a part of StoneX Group Inc. (NASDAQ: SNEX), a publicly-traded company that meets the highest standards of corporate governance, financial reporting and disclosure. Forex.com offers forex trading and CFDs across a variety of asset classes including, indices, metals, commodities, stocks and cryptocurrencies, with over 4,500+ instruments to trade.

Forex.com offers a well-rounded trading solution, suitable for retail, commercial and institutional clients. It provides support for all trading styles and strategies (such as hedging, scalping and EAs, etc). In addition, it offers a number of great trading services including; low-cost trading, top tier liquidity, superior trade executions, industry-standard trading platforms, professional guidance and support, transparent fee structure, an active trader program for reduced trading cost, and much more.

Forex.com Overview

BrokerForex.com
RegulationASIC (Australia), NFA (US), CFTC (US), FCA (United Kingdom),  FSA (Japan), IIROC (Canada)
Forex Pairs80
Trading PlatformsForex.com Webtrader, Metatrader 4, Forex.com Mobile App
Minimum Deposit$100
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:50
Account CurrenciesUSD, EUR, CAD, JPY, CHF, AUD, GBP
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Paypal, Skrill, Neteller.

Pros

  • Strong regulatory framework.
  • Over 20 years of indusry experience.
  • Beginner friendly.
  • Top tier liquidity.
  • Low latency and superior order execution.
  • Supports all trading styles and strategies.
  • Negative balance protection.
  • Clients funds are segregated.
  • Over 80 currency pairs, including major, minor and exotic currency pairs.
  • Transparent fee structure with no hidden charges.
  • Low forex trading fee.
  • No deposit or withdrawal fee.
  • Offers Active Trader Program which helps reduce trading cost by up to 15%.
  • Quality educational and market research offering.
  • Industry standard platforms available in web, mobile and desktop versions.
  • Great customer support service.

Cons

  • Inactivity fee of $15 (or 15 base currency equivalent) charged per month if there is no trading activity or no open positions for a period of 12 months or more.

5. CMC Markets

CMC Markets

CMC Markets is a global Forex and CFDs provider established by CMC Group; a publicly-traded company listed on the London Stock Exchange and a constituent of the FTSE 250 Index. It offers CFDs across a wide variety of markets including forex, indices, commodities, shares, ETFs, cryptocurrencies and treasuries with over 11,000+ instruments to trade.

CMC Markets offers excellent trading solutions for both retail and institutional clients (such as banks, brokers, money managers, family offices, fintech and private banks). It also provides support for all trading styles and strategies including scalping, hedging and algorithmic trading etc. Furthermore, traders can enjoy competitive spreads, deep liquidity, superior order execution, industry-standard trading platforms, fast & secure payment methods, quality market research offering, quality education offering and a great customer support team, among others.

CMC Markets Overview

BrokerCMC Markets
RegulationASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), and the FCA (U.K), FMA (New Zealand), DFSA (UAE)
Forex Pairs300+
Trading PlatformsNext Generation platform, MetaTrader 4 (MT4)
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesGBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD
Payment MethodsWire Transfer, Credit / Debit Cards, Electronic Payments.

Pros

  • Strong regulatory framework.
  • Over 30 years’ industry experience
  • Beginner friendly.
  • Trusted by over 300,000+ global clients.
  • Clients funds are segregated.
  • Deep liquidity and no requotes.
  • 330+ currency pairs.
  • No minimum deposit.
  • Industry-standard trading platforms (proprietary and third-party) available for mobile and desktop devices.
  • Support for expert advisors.
  • Ultra-fast order execution with umatched liquidity.
  • Flexible and high leverage, from 1:1 to 1:500.
  • Ultra low spreads from 0.0 pips on major currency pairs.
  • Secure payment methods, with fast deposit and withdrawal processing times.
  • Great customer support with fast response time.

Cons

  • Limited product offering.
  • Withdrawal fee charged for international bank transfer.