Best Forex Brokers in Philippines 2024

Looking for the best Forex brokers in the Philippines? You've come to the right place! In this article on AtoZ Markets, we will list and review some of the top Forex brokers in the Philippines. We will examine their features and services, and help you decide which broker is right for you. So, whether you're a beginner or experienced trader, read on to find out who the best Forex brokers in the Philippines are!

How to Choose a Forex Broker in the Philippines?

When it comes to choosing forex brokers in the Philippines, there are a few things you need to consider. The first is regulation. You want to make sure the broker you're working with is regulated by the Philippine Securities and Exchange Commission (SEC). This will ensure that your broker is following all the rules and regulations set by the government.

Another thing to consider is the type of account you want to open. There are two main types of accounts: managed and self-managed. Managed accounts are great for beginners because they allow you to have someone else handle your money for you. Self-managed accounts are better for experienced traders who know what they're doing.

Finally, you need to think about what kind of customer service you want from your broker. Do you want a broker that is available 24/ hours a day or do you just need someone who is available during regular business hours? These are all important factors to consider when choosing forex brokers in the Philippines.

However, some of the other most important factors include: leverage, spreads, and commission. With that said, let's take a look at some of the top Forex brokers in the Philippines!

Best Forex Brokers in the Philippines

Take your time and research different brokers before making your final decision. This is an important decision that will affect your trading career so you want to make sure you choose the best broker for your needs. 

Best Forex Brokers in the Philippines

AtoZ Markets' Team has curated top 5 Forex Brokers for Philippines traders after doing extensive research. Let's have a look. 

  • FP Markets
  • XTB
  • Pepperstone
  • FXTM


1. FP Markets

FP Markets is a group of companies that include First Prudential Markets Pty Ltd and FP Markets LLC. It is a global Forex and CFD broker from Australia.

FP Markets Logo

image credit: FP Markets

FP Markets Regulations

FP Markets is multi licensed and regulated by 3 reputable regulatory bodies, namely:

By ASIC In Australia- Australian Securities and Investments Commission 

FP Markets is also authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18)

FP Markets LLC is also a registered company of St. Vincent and the Grenadines, Limited Liability Number 126 LLC 2019.

FP Markets Trading Platforms 

The selection of trading platforms is wide; you can choose MT4, MT5 and web Trader.  They also have apps for Android and iOS.

FP Markets Products

This Forex broker offers over 10,000+ trading instruments, that is really a lot! 

Most brokers offer less, so this is definitely a lot of assets. Now, before looking at the types of trading pairs, let’s check FP Markets’s trading platforms. 

The available Account Types at FP Markets are Standard account, Raw Account and Demo accounts. 

Getting back to the available trading pairs, FP Markets offers 60+ FX pairs, this includes major, minor, and exotic currency pairs. 

For trading shares you get access to over 10,000+ CFD shares from all around the world. 

The trading of shares are on CFDs. This means that you don’t really own the shares, but trade it on CFDs, which stands for contract for differences. 

Besides the regular finance markets, you can also trade Gold, Silver, Bonds, Commodities, Indices and Crypto CFDs on FP Markets. FP Markets offers 1:500 leverage for Forex trading.

Costs  of FP Markets

FP Markets doesn't have any deposit fee. It's free, but the minimum deposit with FP Markets is $100. With most methods deposit is instant except for bank transfers, which takes up to 3 days. 

As for withdrawals it is also free, but for wire transfer, your bank may charge fees.

The Commission for Standard Account is Zero. But for the Raw Account, Commission is 3$ per side per standard lot. FP Markets spreads on Standard account start from 1.0 pips and for Raw Account, Spreads start from Zero pip.

FP Markets Customer Support

FP Markets’s customer support is 24/7. And you can contact FP Markets customer support through many methods, namely; phone, live chat, Telegram, or via email. The quickest way is to contact them via the live chat or phone. 

Read Full Review of FP Markets

Pros and Cons of FP Markets


- They have ECN execution

- The broker offers over 10,000 trading instruments to choose from.

- Low spreads on forex currency pairs.

- Deposit and withdrawal processes are quickly executed


- At FP Markets, Stock CFD fees are high

- Web and desktop platform is somewhat outdated

If you want to give it a try with FP Markets in Philippines, you can use the link  below:

You can also choose any of the following alternative Forex Brokers

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2. XTB

The company has its headquarters in Warsaw, Poland. Established back in 2005, this broker has offices in 13 countries, such as the UK, Poland, Germany, France, UAE and Chile. XTB International provides broker services in the Philippines.


image credit: XTB

XTB Regulations

XTB is multi licensed around the world.

United Kingdom:  The Forex broker is regulated by the UK Financial Conduct Authority (FRN 522157).

Dubai: XTB MENA Limited is licensed by  DFSA (Dubai Financial Services Authority)

EU: XTB Limited is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF Licence number 169/12

Non EU/UK: XTB International Limited is authorised and regulated by the International Financial Services Commission in Belize. (IFSC License No.: 000302/185). 

Other than that, XTB as a group is also regulated by the authorities including the KNF, IFSC, CMB and FSCA. 

XTB Trading Platforms

Trading Platform: xStation (Web Based, Desktop, Android, iOS, Tablet).

There are a myriad of tools for analysis of technical data available on the platform. You can find 27 drawing tools as well as 37 technical indicators.

XTB Products

They offer 1849 CFDs on stocks, 138 ETFs, 23 commodities, 36 indices, 5 cryptocurrencies, and 57 forex pairs.

Cost of XTB

The average spreads on the EUR/USD stood at 0.91 pip and minimum deposit is $250.

There are no fees for depositing through bank transfer, credit card and debit cards.

For the Philippines Residents they charge a 2% fee for Skrill and 1% for Neteller deposit.

XTB Limited doesn't charge any fees for withdrawal if the amount is above $60. Demo account is for a limited time. So if you want you can try multiple demo accounts to test their platform. For forex trading, they have no commission.

XTB Customer Support

Support for customers is available 24 hours a day and If you have any queries, you can reach them through the chat. The platform is brimming with tools for fundamental and technical analysis as well as educational resources.

If you are interested in this broker, you can create an account using the link that is in the below.

Read Full Review of XTB

Pros and Cons of XTB


- XTB xStation platform suite offers excellent functionality, along with a broad selection of features and tools for trading.

- XTB offers low spreads

- XTB provides a wide selection of comprehensive educational videos as well as written content. It also offers more than 200 lessons through their Trading Academy.

- XTB U.K. recently launched Zero-dollar-commissions for CFDs in shares.


- MetaTrader 4 is not being promoted by the XTB's U.K, Poland, and Cyprus branches, though it is still available to request through the various locations around the world XTB offices.

- The custom investment basket tool was temporarily removed from the xStation 5 platform.

If you want to give it a try with XTB in the Philippines, use the link  below:

Top Forex Brokers in the Philippines 2024

3. Pepperstone

Pepperstone is a broker in the forex market that is based in Melbourne, Australia. It was established in 2010. Initially, they managed their business from Australia. Later on, they expanded their operations to other countries. In the Philippines, Pepperstone operates their operations under SCB regulations.

Pepperstone logo

image credit: Pepperstone

Pepperstone Regulations

Pepperstone is a multi licensed forex broker. The broker is regulated by the following authorities.

United Kingdom: Pepperstone is licensed and regulated by the Financial Conduct Authority (FCA) in the UK.

Australia: The broker is regulated by  the Australian Securities and Investments Commission (ASIC) in Australia  

Dubai: Pepperstone is regulated by the Dubai Financial Services Authority (DFSA).

Global: Pepperstone Markets Limited is located at Sea Sky Lane, B201, Sandyport, Nassau, New Providence, The Bahamas and is licensed and regulated by The Securities Commission of The Bahamas,( SIA-F217).

Pepperstone is also regulated by BaFin, CMA, and CySEC.

Pepperstone Trading Platforms

Pepperstone offers MetaTrader 4 and 5 and cTrader for Forex trading in the Philippines. MT4 and MT5 have industry standard features that other brokers provide.

cTrader of Pepperstone provides the environment of institutional trading. cTrader is the perfect platform for those who are starting their trading journey. It also allows filling orders with advanced cTrader features.

Pepperstone also have Social trading facility through myfxbook and DulpiTrade.

Pepperstone Products

Pepperstone offers 60+ currency pairs with low spreads, 24+ CFD Cryptocurrencies, Stock CFDs from AU, US, UK and German shares, ETF CFDs, Index CFDs, and Commodities.

Pepperstone provides two types of accounts for the Philippines traders. 1. Razor Account 2. Standard Account. The broker offers 1:500 leverage for Forex trading.

Cost of Pepperstone

Pepperstone's initial minimum deposit is $200. Minimum withdrawal amount is $20. There is no deposit and withdrawal fee except bank transfer.

Standard Account doesn't have any commission but spreads are high. One the hand, Razor account spreads start from zero pip and commission is $7 for a standard lot.

Pepperstone Customer Support

Pepperstone is available to contact 24/7 using several methods, including telephone, e-mail & direct live chat. In live chat, first you will encounter a bot. If the bot is not able to answer your questions, you will get options to talk to a live agent.

Read Full Review of Pepperstone

Pros and Cons of Pepperstone


- Access to more than 60 forex pairs.

- Leverage is available to both cryptocurrency and forex trading

- A wide range of educational tools and courses that both novices and professionals can benefit from.

- 24/7 customer service


- It is not currently available in the U.S. U.S. traders

- There is no option to buy bonds, stocks or mutual funds in person and only CFDs are offered.

If you want to give it a try with Pepperstone in the Philippines, you can use the link  below:


Among the top Forex Brokers in the Philippines, FXTM is one of them. ForexTime (FXTM) is a forex broker established back in 2011 by Andrey Dashin.

FXTM logo

image credit: FXTM

FXTM offers an intuitive trading platform based on MetaTrader 4 and 5 and offers a wider range of trading instruments including Forex, Cryptocurrencies, Index and Commodity CFDs, Spot Metals and Stock CFDs. FXTM is regulated by FSC in the Philippines

FXTM Regulations

FXTM is regulated by different reputable regulatory authorities around the world. They are: 

Cyprus: Forextime Ltd (EU) is regulated by CySEC (185/12).

United Kingdom: Forextime UK Limited is regulated by the FCA (777911)

South Africa: ForexTime Limited (South Africa) is regulated by FSCA (46614)

Global: Exinity Limited (Worldwide) is regulated by FSC (C113012295)

FXTM Trading Platforms 

FXTM provides MT4 and MT5 trading platforms for their customers. With FXTM, MT4 and MT5 are available on Windows and Mac systems and on iOS and Android mobile devices.

They also have Proprietary mobile app named FXTM Trader. With FXTM Trader, you can take advantage of the broker's copy trading service in FXTM Invest.

FXTM Products

In the Philippines, traders can get access to over 1000 trading instruments with FXTM. FXTM offers Forex, Metals, Stocks, Commodities and Indices.

They offer 4 types of accounts in the Philippines. Micro Account, Advantage Account, Advantage Plus Account and Demo Account. 

For forex trading in the Philippines, They offer 1:1000 leverage for micro Account and 1:2000 for Advantage and Advantage Plus Accounts. 

Costs of FXTM

In the Philippines, Deposit to FXTM is free. For withdrawal through ewallet is free but with credit card, you will be charged a fee. 

Minimum deposit in FXTM is $10. Micro and Advantage Plus Accounts do not have any commission. But for Advantage account commission ranging (on average) from $0.40 to $2 per $100K notional value. FXTM spreads starts from zero pips

FXTM Customer Support

FXTM customer support includes a comprehensive FAQ section, which you can use to answer a few questions before contacting the support team. Philippini Traders also can email them, call them or do live chat on FXTM website to resolve their issues.

Read Full Review of FXTM

FXTM Pros and Cons


- They provide amazing customer service     

- FXTM has great educational tools   

- Easy and fast account opening


- The broker charges Inactivity and withdrawal fees

- CFD fees are high

If you want to give it a try with FXTM in the Philippines, you can use the link  below:

5. is a regulated broker available for Philippine traders. was established in 2016 with the headquarters in Cyprus. This firm is a subsidiary of Capital Com SV, Capital Com Australia Limited, Capital Com (UK) Limited and Capital Com Live Stock Investing Ltd in Seychelles. logo

image credit: Regulations is a multi licensed forex broker which is also available for the Philippines traders.

Capital Com (UK) Limited is registered in England and Wales. It's authorised and regulated by the Financial Conduct Authority (FCA), under register number 793714.

Capital Com SV Investments Limited is a Cyprus Registered Company. It is a regulated Cyprus Investment Firm, licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 319/17.

Capital Com Live Stock Investing Ltd is a Company registered in the Republic of Seychelles with Company number 8429903-1 and authorized by the Financial Services Authority (FSA) with license number (SD101). The Company’s registered office is at 9A CT House, Providence, Mahe, Seychelles. Products is one of the most trusted brokers in the forex market. It has over 4,500+ different assets including 138+ currency pairs, 3600+ shares, 22 Indices and 22 commodities. 

Trading Platform of

They have a proprietary Platform (World's only AI powered trading platform that provides personalised trading information) and a trading platform for the Web, TradingView, MT4 and mobile applications.

Cost of

There aren't any commissions charged for forex trading with The minimum deposit required is $20. However, for bank transfers they require a minimum of $200.

There isn't a minimum withdrawal amount , however for bank transfers, it's $50. There are no fees for withdrawals or deposits in's spreads change constantly so you are able to find the best price anytime.

Customer Support Customer support is excellent. You can contact via chat on the web, WhatsApp, Viber, Messenger, Telegram, phone or email.

Read Full Review of

Pros and Cons of


- Wide range of trading instruments.

- Award-winning trading platform

- Exclusive learning tools.

- Built-in economic calendar, exclusive webinars and market analysis.

- 0% commission & no hidden fees

- Market-leading spreads and Fast order execution

- High privacy & security standards

- Well regulated


- MetaTrader 5 is not available.

- Respectable range of tradable symbols 

– but still fewer than industry leaders.

If you want to trade with in the Philippines, click the link below to open an account with them:

Is Forex Trading Legal in the Philippines?

The short answer is yes, Forex trading is legal in the Philippines. The country has been a member of the International Monetary Fund since 1957 and its currency, the Philippine Peso, is fully convertible. However, there are a few things to keep in mind before you start trading Forex in the Philippines.

First of all, it is important to note that the Central Bank of the Philippines is the primary regulator of all financial institutions in the country, including Forex brokers. The bank has a very strict regulation when it comes to foreign exchange trading and it is important to make sure that your broker is properly licensed before you start trading.

Finally, it is also important to be aware of the risks involved in Forex trading. Like any other investment, there is a certain amount of risk involved and you should never invest more money than you can afford to lose.

With that said, Forex trading can be a great way to make money and with the right broker, you can be successful. Just make sure that you do your research and understand the risks involved before you start trading.


The Philippines is a great place to trade Forex, with many brokers to choose from. We’ve listed the best Forex brokers in the Philippines for you to research and decide which one is the best fit for your trading needs. With so many options available, it can be tough to determine which broker is right for you. Make sure you do your homework before signing up with any company, read reviews, and ask around for recommendations. Let us know which brokers you like the most in the comment section below. 

Top Forex Brokers in the Philippines 2024

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