Top Forex Brokers In The Philippines

We review the best forex brokers for Filipinos to trade with

  • Pepperstone Pepperstone - Best Broker in the Philippines overall
  • ic markets logo IC Markets - Low Spread Forex Broker
  • fpmarkets logo FP Markets - Best Proprietary Trading Platform
  • etoro logo eToro - Top Broker For Social Trading
  • avatrade logo AvaTrade - Best Beginner Forex Trading Platform
  • xtb logo XTB - Good Broker For Range Of CFDs

Pepperstone
IC Markets
FP Markets
eToro
AvaTrade
Our Rating
9.33
8.50
8
7.17
8.33
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
The vast majority of retail investor accounts lose money when trading CFDs.
68% of retail investor accounts lose money when trading CFDs with this provider.
71% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
IC Markets
FP Markets
eToro
AvaTrade
ASIC (Australia)
CBI (Ireland)
FSA (Seychelles)
Other Regulators

Brokerage

Feature
Pepperstone
IC Markets
FP Markets
eToro
AvaTrade
EUR/USD Avg. Raw Spread
0.17
0.02
0.20
-
0.3
GBP/USD Avg. Raw Spread
0.59
0.23
0.40
-
0.4
AUD/USD Avg. Raw Spread
0.24
0.17
0.30
-
0.5
EUR/USD Standard Spread
0.75
0.62
1.30
3.00
0.90
EUR/USD Fixed Spreads
-
-
0.90
Commissions (USD Base)
$3.50
$3.50
$3.00
-
-
Minimum Deposit
$0
$0
$100
$200
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
10+
11+
7+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
eToro
AvaTrade
Currency Pairs
62+
61+
63+
49+
55+
Cryptocurrency CFDs*
12+
18+
4+
46+
15+
Index CFDs
14+
16+
14+
13+
33+
Share CFDs
300+
100+
12,986+
2000+
625+
Commodities CFD
9+
26+
7+
33+
30+
Stockbroking
-
2000+
Retail Max. Leverage (With offshore regulators)
200:1
500:1
500:1
400:1
400:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FP Markets
eToro
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
ECN pricing
Fastest Limit Order Execution Speed
CopyTrader functionality
for automated trading
Choice of social trading tools

Overall