Forex trading is prohibited by the SEC and is put into the same category as gambling. However, the traders can explore international brokers and start an account. Due to lack of regulation in the country, it is highly advisable for traders to only trade with the best brokers out there. Explore our top 10 picks in the following list.
Best Forex Brokers in Philippines
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1
Free VPS hosting
24/7 instant money withdrawal
Specialized trading accounts
Pros
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Extensive Range of Tradable Instruments
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Competitive Trading Conditions & Accounts
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Versatile Trading Platforms
Cons
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Regulated by an Offshore Regulator
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Limited Demo Account
Withdraw fee
1%
Deposit fee
4.9
Max leverage
1:2000
Min deposit
$10
Top Regulators
No
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Free VPS hosting
-
24/7 instant money withdrawal
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Specialized trading accounts
Pros
-
Extensive Range of Tradable Instruments
-
Competitive Trading Conditions & Accounts
-
Versatile Trading Platforms
Cons
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Regulated by an Offshore Regulator
-
Limited Demo Account
- Withdraw fee1%
- Deposit fee$0
- Max Leverage1:2000
Specialized trading accounts
24/7 instant money withdrawal
Free VPS hosting
Pros
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Competitive Trading Conditions
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Wide Range of Tradable Instruments
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Advanced Trading Platforms
Cons
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
Withdraw fee
$0
Deposit fee
4.8
Max leverage
1:2000
Min deposit
$10
Top Regulators
FCA, CYSEC
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Specialized trading accounts
-
24/7 instant money withdrawal
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Free VPS hosting
Pros
-
Competitive Trading Conditions
-
Wide Range of Tradable Instruments
-
Advanced Trading Platforms
Cons
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:2000
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
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Competitive Spreads
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Comprehensive Educational Resources
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Robust Customer Support
Cons
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Limited Deposit and Withdrawal Options
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Occasional Platform Glitches
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Limited Regulatory Oversight in Certain Regions
Withdraw fee
$0
Deposit fee
5
Max leverage
1:1000
Min deposit
$5
Top Regulators
No
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3
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Specialized trading accounts
-
Free VPS hosting
-
24/7 instant money withdrawal
Pros
-
Competitive Spreads
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Comprehensive Educational Resources
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Robust Customer Support
Cons
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Limited Deposit and Withdrawal Options
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Occasional Platform Glitches
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Limited Regulatory Oversight in Certain Regions
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:1000
24/7 instant money withdrawal
Specialized trading accounts
Free VPS hosting
High leverage
Pros
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Regulated by Multiple Tier-1 Authorities
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Competitive Trading Conditions
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Wide Range of Trading Platforms
Cons
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Higher Commissions on Certain Platforms
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Limited Educational Resources Compared to Other Brokers
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Not Available Worldwide
Withdraw fee
$0
Deposit fee
4.7
Max leverage
1:10000
Min deposit
$100
Top Regulators
FCA
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24/7 instant money withdrawal
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Specialized trading accounts
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Free VPS hosting
-
High leverage
Pros
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Regulated by Multiple Tier-1 Authorities
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Competitive Trading Conditions
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Wide Range of Trading Platforms
Cons
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Higher Commissions on Certain Platforms
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Limited Educational Resources Compared to Other Brokers
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Not Available Worldwide
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:10000
24/7 instant money withdrawal
Specialized trading accounts
Pros
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High Leverage Options
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Low Initial Deposit Requirements
Cons
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
Withdraw fee
$0
Deposit fee
4.7
Max leverage
1:3000
Min deposit
$1
Top Regulators
No
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Not available in
5
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24/7 instant money withdrawal
-
Specialized trading accounts
Pros
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High Leverage Options
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Low Initial Deposit Requirements
Cons
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:3000
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
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Regulated by Top-tier Authorities
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Low Spreads and Commissions
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Popular Trading Platforms
Cons
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Limited Asset Coverage
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Platform Selection Limited
Withdraw fee
$0
Deposit fee
4.8
Max leverage
1:888
Min deposit
$5
Top Regulators
ASIC, FSC, CYSEC
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Specialized trading accounts
-
Free VPS hosting
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24/7 instant money withdrawal
Pros
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Regulated by Top-tier Authorities
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Low Spreads and Commissions
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Popular Trading Platforms
Cons
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Limited Asset Coverage
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Platform Selection Limited
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:888
7
Specialized trading accounts
Tight Spreads
Low commissions
Pros
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Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.
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Offers low average spreads and competitive pricing for all account types.
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Provides plugins for third-party research and trading tools.
Cons
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Limited product offerings.
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No investor protection for traders outside the European Union.
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No weekend trading, extra bonuses or promos.
Withdraw fee
$0
Deposit fee
4.6
Max leverage
1:500
Min deposit
$200
Top Regulators
ASIC, CySEC
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Specialized trading accounts
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Tight Spreads
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Low commissions
Pros
-
Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.
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Offers low average spreads and competitive pricing for all account types.
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Provides plugins for third-party research and trading tools.
Cons
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Limited product offerings.
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No investor protection for traders outside the European Union.
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No weekend trading, extra bonuses or promos.
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:500
Rating
4.6
/ 5
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Start trading
76-77% of retail investor accounts lose money when trading CFDs with this provider.
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Top-Tier Regulation
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Low Forex Fees
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No Withdrawal Fees
Cons
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High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
Withdraw fee
$0
Deposit fee
4.2
Max leverage
1:50
Min deposit
100$
Top Regulators
FCA, CFTC, NFA, CIRO, CIMA, CYSEC
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Available in
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Specialized trading accounts
-
24/7 instant money withdrawal
Pros
-
Top-Tier Regulation
-
Low Forex Fees
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No Withdrawal Fees
Cons
-
High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:50
Start trading
Add to compare list
76-77% of retail investor accounts lose money when trading CFDs with this provider.
Free VPS hosting
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Regulated by multiple authorities
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Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil
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Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web
Cons
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Limited educational resources for beginners
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Limited research tools
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Limited customer support options compared to some other brokers
Withdraw fee
$0
Deposit fee
4.4
Max leverage
1:1000
Min deposit
$10
Top Regulators
FSRA
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Not available in
9
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Free VPS hosting
-
Specialized trading accounts
-
24/7 instant money withdrawal
Pros
-
Regulated by multiple authorities
-
Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil
-
Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web
Cons
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Limited educational resources for beginners
-
Limited research tools
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Limited customer support options compared to some other brokers
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:1000
Exceptional Execution
US Clients
Scalping
Pros
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OANDA is among the few international online forex brokers that accept U.S. clients.
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The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
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OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
Withdraw fee
N/A
Deposit fee
4
Max leverage
1:50
Min deposit
N/A
Top Regulators
CFTC, NFA
Add to compare list
trusted
Available in
10
Expand
-
Exceptional Execution
-
US Clients
-
Scalping
Pros
-
OANDA is among the few international online forex brokers that accept U.S. clients.
-
The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
-
OANDA does not require a fixed initial deposit on the standard account.
Cons
-
OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
- Withdraw feeN/A
- Deposit feeN/A
- Max Leverage1:50