Best Forex Broker Philippines 2022: Top PH Forex Brokers List!

About Forex Broker Philippines

The forex market is the most attractive industry for long-term investment. Forex brokers support investors in forex trading and other ways. Forex investment trading is not restricted to certain regions or nations. If you live in the Philippines or wish to invest in a reputable trading platform there, then read on for the top 10 forex brokers in the Philippines. Trading is significant in the Philippines.

Forex trading is the practice of speculating on currency prices to make money. When a trader uses a forex account to swap currencies, they do it in pairs. The value of currency pairings is influenced by trade movements and geopolitical events. This causes daily fluctuations, which may open up new forex business opportunities.

You may buy and sell currencies utilizing online trading platforms provided by global FX brokers. The finest forex brokers in the Philippines in 2022 can help you create a forex trading account and generate money on a massive scale.

It is possible to contact the main broker's customer service to learn more about the forex trading platform, MetaTrader 4, creating retail CFD accounts, trading currencies, high risk, or any other trading instrument. However, the thoughts presented are based on extensive study and analysis. The top 10 best forex brokers in the Philippines are listed below.

Philippines' Top Forex Brokers

FXTM is ideal for the MT4 and MT5 platforms.

• FXTM: Best for MT4 & MT5 Platform

• XTB: Best for Trading Various Instruments

• OctaFX: Best for Beginners

• AvaTrade: is the best option for Forex and CFD traders.

• Pepperstone: is the best option for advanced features and trading experience.

• XM: The Best for a Diverse Range of Forex Markets

• Dukascopy: The Best Cryptocurrency Trading Platform

• AxiTrader: Best for Low Forex Fees and Free Transactions

• Tickmill: Recommended for Active and VIP Traders

Forex Brokers in the Philippines

We have compiled a list of the top 10 best forex brokers in the Philippines for you to choose from.

FXTM

FXTM, often known as ForexTime, is the greatest FX broker that the Philippines has to offer. Many global regulatory authorities have awarded FXTM licenses and authorizations, including the UK Financial Conduct Authority, Cyprus Securities and Exchange Commission (CYSEC FCA), South African Financial Sector Conduct Authority, and Financial Services Commission of Mauritius. One of the top forex brokers in the Philippines.

Regulated	IFSC, FSC, FSCA, CySEC and FCA
Best for	MT4 & MT5 (MetaTrader 4, MetaTrader 5) Platform
Year Founded	2011
Min Deposit	$10
Maximum Leverage	1:30
Tradeable Assets	FX, Metals, Stocks, Commodities, FX Indices, Indices, Stock CFDs, Stock Baskets

FXTM Pros

• 250+ CFD financial products, demo accounts, and trading tools.

• Customers may also get commission-free trading.

• The platforms are regulated by the FCA, FSC (South Africa), and CySEC.

FXTM Cons

• USA, Japan, and Canada are not accessible.

OctaFX

OctaFX, formed in 2011, is a high-risk forex and CFD broker since it is licensed in just one tier-2 jurisdiction (Cyprus). With 0.0 pips, no dealing desk, customer support, copy trading, trading accounts, and MetaTrader 4 (MT4) trading tools, the broker is suitable for beginners who can afford to take the next step since CFDs are complex instruments.

Regulated	CySEC
Best for	Beginners
Year Founded	2011
Min Deposit	$25
Maximum Leverage	1:500
Tradeable Assets	Currency Pairs, Index CFDs, Commodities, Cryptocurrencies

OctaFX Pros

• The minimum deposit is quite modest, beginning at $5 outside the EU and $100 inside it. Supports both MT4 and MT5 (MetaTrader 4, MetaTrader 5).

• Ideal for avoiding the significant danger of losing your money due to its modest spreads.

OctaFX Cons

• After 60 days, it becomes inactive.

• There are just a few deposit and withdrawal options available, and the base currencies are EUR and USD.

XTB

XTB was founded in 2002 in Warsaw, Poland, and has several years of trading expertise. Commission Internationale des Services Financiers de Belize, FCA du Royaume-Uni, Comisión Nacional del Mercado de Valores de Espana, CySEC de Cyprus, et Komisja Nadzoru Finansowego Polska. Read our honest XTB review to learn more about the broker's platform, trading tools, and more.

Regulated	FCA, IFSC, CNMV (Spain), KNF, and CySEC
Best for	Trading on Different Instruments
Year Founded	2002
Min Deposit	No Min Deposit
Maximum Leverage	30:1
Tradeable Assets	Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Cryptos

XTB Pros

• Low forex CFD costs, commission-free equities, exchange-traded funds, and a highly regulated environment.

• With customer assistance, free and quick deposit and withdrawal, cheap spreads, and a variety of trading instruments, you can make money online.

XTB Cons

• High commissions on stock CFDs.

• The product range is mostly comprised of CFDs.

IC Markets

IC Markets is a prominent forex broker based in Australia, founded in 2007. The CySEC, Seychelles Financial Supervisory Authority, and Australian Securities and Investments Commission all regulate IC Markets (ASIC). It is regulated by ASIC CYSEC. Read more about this trading platform and see if you are up to date with its trends.

Regulated	ASIC CYSEC and FSA
Best for	Low Trading Fees
Year Founded	2007
Min Deposit	$200
Maximum Leverage	500:1 (Forex & Commodities); 200:1 (Indices, Futures, & Bonds); 5:1 (Crypto)
Tradeable Assets	Forex, Indices, Commodities, Stocks, Bonds, Crypto CFD, Futures CFD

IC Markets Pros

• This website allows for simple and quick account creation, as well as customer assistance and mobile trading.

• Free deposit and withdrawal, as well as MT4 and MT5 support (MetaTrader 4, MetaTrader 5)

IC Markets Cons

• A small selection of products.

• For non-EU customers, there is no investment protection.

AvaTrade

AvaTrade's trading platform offers financial firm assistance and user-friendly technology. This platform offers CFDs on bonds, crypto, stocks, and ETFs. The markets available to small investors at AvaTrade differ based on the company's global organizations and trading platforms. AvaTrade says you may learn about segregated client money, Philippines forex trading tools, and trading accounts. Check out our honest Avatrade reviews to learn more about the platform.

Regulated	ASIC, IIROC, FSP, FSA
Best for	Forex & CFD Traders
Year Founded	2006
Min Deposit	$100 USD Account
Maximum Leverage	400:1
Tradeable Assets	Indices, Commodities, Stocks, Forex Pairs, Cryptos, Bonds, CFDs, ETFs

AvaTrade Pros

• Account creation is simple and quick with customer assistance.

• There are no fees associated with deposits or withdrawals.

• Easy-to-use interface for trading choices.

AvaTrade Cons

• Only CFDs, forex, and cryptos are offered.

Pepperstone

Pepperstone is an Australian-based forex broker that also provides CFDs. The business was started in 2010 and opened a London office in 2015 to better serve international customers. New EU customers will be serviced by their German and Cyprus firms after Brexit.

Regulated	FCA, BaFin, ASIC, CMA, SCB, DFSA, CySEC
Best for	Advanced Features & Trading Experience
Year Founded	2010
Min Deposit	$200
Maximum Leverage	500:1 (Pro Accounts & Other Markets); 30:1 (Europe, Dubai, Australia & UK)
Tradeable Assets	CFDs in Forex, Cryptos, Shares, ETFs, Indices, Commodities, Currency Indices

Pepperstone Pros

• Mobile trading, as well as fast and digital account opening. The MetaTrader platform is straightforward.

• Deposits and withdrawals are simple and free.

Pepperstone Cons

• The MetaTrader platform is straightforward.

• The a high danger of losing money on such a distribution.

XM

XM Online Broker is owned by XM Trading Point Holding, a global CFD and FX broker founded in 2009. XM is governed by three financial regulators: CySEC, ASIC, and the International Financial Services Commission of Belize (IFSC). However, the platform's regulator makes your stay valuable. Despite being regulated, CFDs are sophisticated products that carry a significant risk of loss.

Regulated	ASIC CySec IFSC
Best for	Wide Range of Forex Markets
Year Founded	2009
Min Deposit	$5
Maximum Leverage	888:1
Tradeable Assets	Forex, Stocks, Indices, Commodities, Energies, Precious Metals, CFDs

XM Pros

• Stock CFD and withdrawal costs are low.

• Account creation is simple and quick.

XM Cons

• CFD costs for FX and stock indexes are on average.

• Various trading tactics.

Dukascopy

Dukascopy Bank is a 2004 Swiss banking institution. Europe and Asia customers may use Dukascopy's online brokerage and speedy transaction execution services. Its rising clientele prefers major currency pairings, CFD trading, Forex, binary options, and cryptocurrencies.

This trading platform is considered safe since it is regulated by the Swiss Financial Market Supervisory Authority (FINMA). It also has customer service and brokerage licenses in Japan and Europe.

Regulated	FINMA
Best for	CryptoCurrency Trading
Year Founded	2004
Min Deposit	$100 (DukasCopy Europe)
Maximum Leverage	1:200
Tradeable Assets	Forex, CFD, Binaries, Cryptos

Dukascopy Pros

• Provides a diverse selection of tradable assets, including Forex, cryptocurrencies, and commodities.

• The company is governed by a Swiss banking license as well as the Japan FSA.

Dukascopy Cons

• When traders stay idle for an extended period, they are charged inactivity fees.

• It will take time for new traders to master the ropes.

AxiTrader

The top forex trading platform is AxiTrader, an Australian broker founded in 2007. In 2020, the new brand “Axi” was launched. Axi is regulated by the FCA, ASIC, and the Dubai Financial Services Authority (DFSA). As a consequence, AxiTrader is deemed safe by many top-tier authorities. There is reduced risk, easier access for beginning traders, award-winning services, and speedy transaction execution.

Regulated	FCA, ASIC, DFSA
Best for	Low Forex Fees and & Transaction Free of Charge
Year Founded	2007
Min Deposit	No Minimum Deposit
Maximum Leverage	400:1
Tradeable Assets	Forex, CFD, Crypto

AxiTrader Pros

• Completely regulated and permitted

• A reputable and award-winning broker with a long track record.

AxiTrader Cons

• Withdrawals are only possible to a bank account or a Neteller account.

• For that reason, forex brokers provide fewer trading alternatives.

Tickmill

Tickmill is one of the finest Forex and CFD brokers in the world. The company's headquarters are located at 1 Fore Street, London EC2Y 9DT. Tickmill has long shown its capacity to supply traders with quality trading services at affordable pricing. They are recognized for their fast and low-cost transaction execution, worldwide forex, and copy trading services.

Each of the three regulators has issued the broker's licenses (Seychelles). It gives a good first impression. European retailers must use an English (FCA) or CySEC license (benefits). Foreign exchange dealers might select the FSA license.

Regulated	CySEC FCA & FSA
Best for	Active and VIP Traders
Year Founded	2014
Min Deposit	$100
Maximum Leverage	1:500
Tradeable Assets	CFD, Currency Pairs, Cryptocurrencies, Forex, Stock, Precious Metals, Bonds

Tickmill Pros

• Account creation is quick and simple.

• Deposit and withdrawal are both free.

Tickmill Cons

• Outdated platform design and functions.

Using Forex Brokers Philippines

Professional and top forex brokers in the Philippines offer demo accounts for which just minimal information is required. A demo or practice account enables you to try trading before opening a genuine account (an account is referred to as a virtual one). Il aides in launching CFD trading and provides financial advise

In case of incorrect information, it must compensate. If you are new to trading, you must learn about MT4 and MT5. These two versions vary. MT4 (MetaTrader 4) was designed for forex traders, while MT5 was designed for CFD, equity, and futures traders. Trading becomes simple if you grasp the differences between MT4 and MT5. As a buyer or dealer, you must know how to establish retail CFD accounts.

How does a BSP registered forex broker in the Philippines generate money？ (the central bank of the Philippines is there). Forex brokers are compensated in two ways. The first method is to trade the bid-ask spread.

The spread between 1.20010 bid and 1.20022 ask for the EURUSD pair is.00012, or 1.2 pips. A retail customer opens a position at the asking price and closes it at the bid price. Second, certain brokers seek higher commissions. Some charge a transaction fee or a monthly subscription for access to a certain software interface, as well as broker fees and access to exotic options. To minimize excessive leverage risk, you need to understand how CFDs function, how to open standard accounts, and the market circumstances.

FP Markets and other forex brokers are currently experiencing severe competition, and most are lowering costs to entice ordinary customers. Beyond the spread, several now provide zero or low-cost trading. Professional and legal forex brokers in the Philippines make money through trading.

This may be a concern if their commerce produces consumer friction. In a nation like the Philippines, this is regulated. You must understand the country's trade system. Find out about inactivity fees, spot metals, and other factors, then pick the best forex brokers in your location. In any case, if you reside in the Philippines and wish to trade, you need to know the rules.