In this blog post, well look at the the Best Forex Brokers in the Philippines, zeroing in on firms that deliver solid trading terms, generous leverage, and safe deposit-withdrawal options.
Whether youre just starting or already trading full time, picking a trustworthy broker matters. Well walk through popular names like Exness, IC Markets, and XM so you can pick the one thats right for you.
Key Point & Best Forex Brokers in the Philippines
| Broker | Key Point |
|---|---|
| Exness | Offers ultra-low spreads and instant withdrawals, ideal for active traders. |
| FxPro | Regulated by multiple authorities and supports automated trading tools. |
| FP Markets | Known for tight spreads and fast execution, great for scalpers. |
| IC Markets | Provides raw spread accounts with institutional-grade liquidity. |
| AvaTrade | Offers fixed and floating spreads with strong educational resources. |
| BlackBull | ECN broker with high-speed execution and MetaTrader support. |
| XM | Features micro accounts and no-requote execution, suitable for beginners. |
| Pepperstone | Known for advanced trading tools and low-latency execution. |
| Eightcap | Supports both MetaTrader 4 & 5 with crypto, indices, and forex trading. |
1. Exness
Founded in 2008, Exness ranks among the worlds biggest forex brokers and is extremely popular in the Philippines. For some account types, it provides jaw-dropping leverage of 1:Unlimited, so seasoned traders love it.
You can trade on MetaTrader 4, MetaTrader 5, or the in-house Exness Terminal. The broker is praised for razor-thin spreads, lightning-fast order fills, and an open-book approach.
Funds move quickly, thanks to local bank transfers, crypto, cards, and e-wallets such as Skrill and Neteller; deposits are instant and most withdrawals land the same day.
With a clear design and solid licenses, Exness suits both newcomers learning the ropes and veterans chasing advanced features.
Exness – Features
- Unlimited leverage on select accounts for seasoned pros.
- Instant deposits and same-day withdrawals at zero cost.
- Handy in-house terminal plus full MetaTrader support.
2. FxPro
Founded back in 2006, FxPro has built a solid international reputation, offering traders leverage up to 1:500. Users can choose from MetaTrader 4, MetaTrader 5, cTrader, or FxPros own platform depending on their style.
The firm is praised for speedy order fills, no dealing-desk interference, and deep liquidity. Filipino clients can deposit or withdraw through bank wires, credit/debit cards, Skrill, Neteller, and PayPal.
With strong regulation, multi-device access, and handy risk tools, FxPro suits local traders who want flexibility, safety, and consistent performance.
FxPro – Features
- Trade on MT4, MT5, cTrader or the FxPro Edge app.
- Fast no-dealing-desk (NDD) execution you can trust.
- Regulated by top-tier bodies, adding extra peace of mind.
3. FP Markets
FP Markets launched in 2005 and quickly became an Australian favorite thanks to tight spreads and lightning-fast execution. The broker gives users leverage up to 1:500 and full access to MetaTrader 4, MetaTrader 5, and the IRESS platform.
ECN pricing and deep liquidity keep costs low, even during volatile hours. Filipino traders can fund accounts via local bank transfers, credit/debit cards, Skrill, Neteller, and other popular e-wallets.
With a wide selection of instruments and conditions that appeal to scalpers, day traders, and long-term investors, FP Markets remains a top pick for Philippine forex investors.
FP Markets – Features
- ECN pricing with spreads starting at 0.0 pips.
- Use either MetaTrader or the IRESS web platform.
- More than 10,000 instruments, from forex to global shares.
4. IC Markets
IC Markets started in 2007 and quickly became popular with Filipino forex traders thanks to its razor-thin spreads and lightning-fast order fills. The broker offers leverage up to 1:500 and works with MetaTrader 4, MetaTrader 5, and the cTrader platform.
As one of the rare genuine ECN brokers, it gives clients direct market depth and almost zero delay. Funding can be done by credit/debit card, PayPal, Skrill, Neteller, or a direct bank wire.
Its clear pricing, low costs, and institutional-level setup suit both new and seasoned traders in the Philippines who want steady performance.
IC Markets – Features
- True ECN setup with raw spreads and top market depth.
- Execution speeds ideal for scalpers and robots alike.
- Plenty of payment methods, nearly all with low fees.
5. AvaTrade
Founded in 2006, AvaTrade is a well-regulated forex broker offering leverage up to 1:400. It supports MetaTrader 4, MetaTrader 5, AvaTradeGO, and WebTrader. Filipino traders can enjoy access to forex, crypto, indices, and CFDs.
AvaTrade’s payment options include credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller. The broker is known for fixed spreads, a rich library of educational content, and copy trading features.
It’s a suitable choice for traders in the Philippines looking for a balanced trading experience with strong educational and support resources.
AvaTrade – Features
- Choose between fixed or floating spread accounts.
- Copy trading via AvaSocial and DupliTrade built in.
- Solid guides and videos for beginners and veterans.
6. BlackBull Markets
BlackBull Markets started out in New Zealand back in 2014 and has quickly made a name for itself as a forex broker that works with an ECN setup and lets clients trade with leverage up to 1:500.
The firm runs on MetaTrader 4, MetaTrader 5, and comes with TradingView charts so most traders can plug in right away. In the Philippines users can top up or take out money using credit and debit cards, bank transfers, Skrill, Neteller, or UnionPay.
BlackBull boasts fast order fills and clear pricing with no nasty surprises. Thanks to its pro-level platform and flexible account choices, the broker suits Filipino traders who want elite conditions and a global market.
BlackBull – Features
- Fiber-optic links give ultra-fast order processing.
- True ECN accounts with pricing straight from the banks.
- TradingView charts built in for smarter analysis.
7. XM
Founded in 2009, XM is a friendly face for many Filipino traders, partly because it runs solid promos and keeps things simple for newcomers. The broker offers leverage that climbs to 1:888 and lets clients use either MetaTrader 4 or MetaTrader 5.
Deposits and withdrawals move through credit cards, local bank transfers, Skrill, or Neteller with no fuss. Traders enjoy tight spreads, zero re-quotes, and a low minimum deposit that lowers the barrier to entry.
XM also hosts free webinars, handy tools, and responsive support around the clock. Because of these features, it remains a top choice for Filipinos looking to start forex trading without a lot of risk.
XM Features
- Trade with leverage as high as 1:888 and start at micro lots.
- No re-quotes and orders fill in seconds.
- Generous bonuses and promotions roll out for new traders.
8. Pepperstone
Pepperstone opened its doors in 2010 and quickly earned a spot among top brokers. It gives clients leverage up to 1:500 and runs MetaTrader 4, MetaTrader 5, and cTrader.
Filipino traders enjoy tight spreads, speedy fills, and a broad asset pool that covers forex, indices, and crypto.
They can fund accounts through credit or debit cards, bank wires, and e-wallets such as Skrill and Neteller.
For tech-savvy investors in the Philippines who want solid support and multi-government regulation, Pepperstone remains a strong pick.
Pepperstone Features
- Razor account offers spreads from 0.0 pips.
- Built-in tools include Smart Trader, Autochartist, and TradingView.
- Solid regulation plus support in multiple languages.
9. Eightcap
Eightcap was established in 2009 and operates out of Australia as a forex and CFD broker. The firm also offers leverage up to 1:500 and supports both MetaTrader 4 and MetaTrader 5.
Filipino clients can trade forex, crypto, commodities, and indices, paying via bank transfer, cards, Skrill, Neteller, and others.
Praise often goes to its clear pricing, quick order execution, and responsive customer care. Traders in the Philippines looking for asset variety paired with a reliable tech platform will find Eightcap a worthy option.
Eightcap Features
- Trade cryptocurrencies right on MT4 and MT5.
- Clear account types and straightforward pricing.
- Fast sign-up and APAC-focused customer support.
Conclusion
Picking the right forex broker in the Philippines really comes down to what you want to trade, which platform you like, and how long youve been in the game.
Brokers such as Exness, IC Markets, and XM stand out because they offer high leverage, speedy order fills, and easy-to-navigate apps.
No matter if youre just starting out or already trading like a pro, these firms give you a safe, regulated space and plenty of deposit-and-withdrawal methods to power your forex adventure in the country.
FAQ
Is forex trading legal in the Philippines?
Yes, forex trading is legal in the Philippines. Traders are advised to choose brokers regulated by trusted authorities like CySEC, ASIC, or FCA to ensure safety and reliability.
Do I need a license to trade forex in the Philippines?
No license is required for individual traders. However, brokers operating locally must be registered if offering services through physical offices.
What is the best forex broker for beginners in the Philippines?
XM and Exness are popular among beginners due to low deposit requirements, user-friendly platforms, and educational resources.
Which platform is best for trading forex in the Philippines?
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most widely used platforms, supported by brokers like Exness, XM, and Pepperstone.
