Best-Forex-Brokers-in-the-Philippines-Snippet-image

Top Forex Brokers In The Philippines

We review the best forex brokers for Filipinos to trade with

  • Pepperstone – Best Broker in the Philippines overall
  • IC Markets – Low Spread Forex Broker
  • FP Markets – Best Proprietary Trading Platform
  • eToro – Top Broker For Social Trading
  • AvaTrade – Best Beginner Forex Trading Platform
  • XTB – Good Broker For Range Of CFDs
  • OX Traders – Top Broker With MetaTrader 4 Trading Platform

Broker Reviewed

Pepperstone
IC Markets
FP Markets
AvaTrade
XTB
Our Rating
9.17
8.83
8
5
7.42
78.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage
Fastest Limit Order Speed
250+ trading instruments
80% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
IC Markets
FP Markets
AvaTrade
XTB
ASIC (Australia)
FCA (UK)
Central Bank of Ireland
MAS (Singapore)
CYSEC (Cypus)

Brokerage

Feature
Pepperstone
IC Markets
FP Markets
AvaTrade
XTB
EUR/USD Avg. Raw Spread
0.13
0.1 Raw Account
0.05
GBP/USD Avg. Raw Spread
0.51
0.4 Raw Account
0.49
AUD/USD Avg. Raw Spread
0.18
0.2 Raw Account
0.30
EUR/USD Standard Spread
1.13
1.1
1.19
1.30 Retail
0.90 Professional
EUR/USD Fixed Spreads
0.9
Commissions (USD Base)
AUD/USD$3.50
$3.50
USD $3.00
$3.50
Commission Rebates
Minimum Deposit
AUD/USD $200
USD $200
$100
USD $100
£250, €250, $250
Swap Free Account
No Inactivity Fees
Funding Methods
16
15
8
7
5
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
AvaTrade
XTB
Currency Pairs
66+
65+
45+
60+
49+
Cryptocurrency CFDs
4+
10+
5+
11+
16+
Index CFDs
2+
16+
10+
15+
42+
Share CFDs
63+
100+
12,986+
99+
1750+
Commodities CFD
4+
19+
3+
16+
22+
Stockbroking
Retail Max. Leverage
30:1 (FCA)
500:1 (ASIC)
50:1 (DFSA)
30:1 (Cysec)
500:1 (ASIC/International)
500:1
400:1 (Intl)
30:1 (UK/Europe)
1:30 (FCA)
1:500 (Outside Europe)
Professional Leverage
500:1
500:1
500:1
400:1
1:200

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FP Markets
AvaTrade
XTB
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
ASIC Only

Allowed but not supported
Standard Stop Loss
Guaranteed Stop Loss

(available only where European regulation applies)
Guaranteed Neg Protection

only with FCA regulation
Cysec Regulation Only

(available only where European regulation applies)

Europe Only
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
Fastest Limit Order Execution Speed
Choice of social trading tools
large range of cryptocurrencies
Unique Feature 2
Fast Execution Speed
No funding fees
IRESS Trading Platform
Sign on bonus available
Regulated by multiple
European regulators

Overall

Pepperstone
IC Markets
FP Markets
AvaTrade
XTB