When it comes to forex trading in the Philippines, finding the right forex broker can make all the difference. Whether you’re just starting out or you’ve been in the game for a while, the best forex brokers offer the tools, features, and support you need to succeed. But with so many options available, it’s tough to know which ones really stand out. That’s why we’ve put together this guide to help you find the top brokers in the Philippines for 2025. These platforms not only make it easy to trade forex, but they also come with competitive fees, great customer support, and reliable trading platforms.

We know that forex traders need more than just low fees—they need strong security, good regulation, and access to a range of trading strategies. In this article, we’ll cover everything from the best forex trading accounts to the customer support each broker provides. Whether you’re looking for the best forex broker to get started or want to switch to a more advanced platform, we’ve got you covered. Let’s break down the top forex brokers in the Philippines to help you make an informed choice in 2025!

Overview of Forex Trading in the Philippines

Forex trading in the Philippines has seen significant growth in recent years, with more Filipino traders participating in the foreign exchange market. This increase in interest is driven by the accessibility of online trading platforms, better internet connectivity, and a growing awareness of the potential profits in forex. Both beginner traders and experienced traders are drawn to the flexibility that forex trading offers, such as the ability to trade 24/5 and the use of various trading strategies to capitalize on price movements in different currency pairs.

In 2025, the Securities and Exchange Commission (SEC) in the Philippines continues to emphasize the importance of regulation in the financial markets. While there are no forex brokers locally regulated by the SEC, the agency advises Filipino traders to work with internationally regulated brokers to ensure safety and compliance. Choosing a regulated forex broker is essential, as it protects traders from fraud and ensures that the brokers adhere to strict industry standards. As a result, many of the best forex brokers operating in the Philippines are regulated by bodies such as the FCA, ASIC, or CySEC. The rise of online trading platforms has made it easier than ever for Filipinos to trade forex securely, offering features like low trading fees, access to various trading instruments, and even algorithmic trading for more sophisticated strategies.

How to Choose the Best Forex Broker in the Philippines

Choosing the best forex broker in the Philippines doesn’t have to be overwhelming. Whether you're a seasoned trader or just starting out, there are a few essential factors to keep in mind that can help you make the right choice. It's important to focus on regulation, fees, the quality of the trading platforms, and the security of your funds. Once you know what to look for, it becomes easier to decide which broker meets your needs.

It’s important to note that there are currently no SEC-regulated brokers that offer forex trading in the Philippines. This means traders must work with internationally regulated brokers, often regulated by reputable authorities such as the FCA, ASIC, or CySEC.

Here are the key things to consider:

• Regulation: Ensure the broker is regulated by reliable authorities like the FCA or ASIC.
• Trading Costs: Look for brokers that offer competitive trading fees with low spreads, commissions, and no hidden costs.
• Trading Platforms: The platform should be stable and user-friendly, providing all the essential tools like real-time charts and market analysis.
• Account Types: Check the variety of trading accounts available. Some brokers offer lower minimum deposits for beginners, while others cater to professional traders with higher deposit options.
• Security of Funds: Ensure the broker provides solid fund protection, such as negative balance protection and segregated accounts for extra safety.
• Customer Service: A good broker will offer reliable customer support, accessible through multiple channels like live chat, email, or phone.
• Demo Accounts: Having access to a demo account is valuable for testing strategies without risking real money.
• Mobile Trading: In today’s fast-paced environment, mobile-friendly trading platforms are a must for trading on the go.
• Educational Resources: Look for brokers that offer tutorials, webinars, or market analysis to help you learn and improve your trading skills.

The 25 Best Forex Brokers in Philippines

#1. AvaTrade: Best Overall for Traders in the Philippines

What is AvaTrade?

AvaTrade is a well-established and internationally regulated broker, making it one of the top choices for traders in the Philippines. Known for its user-friendly platforms like MetaTrader 4, MetaTrader 5, and its proprietary AvaTradeGO, AvaTrade caters to both beginners and advanced traders. It offers commission-free trading on most accounts with spreads starting as low as 0.9 pips on major currency pairs like EUR/USD. Additionally, AvaTrade supports a wide range of instruments including forex, cryptocurrencies, commodities, and CFDs. One of the standout features is its risk management tool, AvaProtect, which allows traders to mitigate losses on specific trades. While there are no deposit or withdrawal fees, an inactivity fee of $50 kicks in after three months of inactivity​.

Advantages and Disadvantages of AvaTrade

AvaTrade Commissions and Fees

AvaTrade offers a straightforward pricing structure. The broker charges no commissions on most accounts, and spreads start as low as 0.9 pips on major currency pairs like EUR/USD. AvaTrade also stands out for having no deposit or withdrawal fees, although it does apply an inactivity fee of $50 after three months of no trading, and an additional $100 administration fee after 12 months of inactivity. This fee structure, combined with its user-friendly platforms, makes AvaTrade an affordable and appealing choice for traders in the Philippines.

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#2. IG

What is IG?

IG is one of the top brokers in the Philippines, known for its long-standing reputation and advanced trading tools. Offering a wide range of trading platforms including MetaTrader 4, ProRealTime, and its own IG platform, it provides a flexible and professional environment for traders. IG is particularly favored by professional traders due to its Direct Market Access (DMA), which allows access to raw spreads from liquidity providers. Additionally, traders benefit from over 17,000 financial instruments to choose from, including forex, stocks, indices, and cryptocurrencies, making it an ideal broker for those seeking comprehensive market access and advanced trading tools.

Advantages and Disadvantages of IG

Advantages	Disadvantage
Offers access to a wide range of markets, including forex, indices, commodities, and shares. Provides multiple platforms, including its proprietary platform and MetaTrader 4. Strong regulatory framework protects retail investor accounts and maintains high customer confidence. Extensive educational resources to support all levels of traders.	Charges inactivity fees after 24 months of no trading activity, which could impact infrequent traders. Some accounts have higher minimum deposit requirements.

IG Commissions and Fees

When it comes to fees and commissions, IG is known for its transparent pricing. Forex traders enjoy commission-free trading with spreads starting as low as 0.6 pips on major currency pairs like EUR/USD. For other instruments such as stocks, IG charges a commission, but it offers tiered pricing, meaning high-volume traders can benefit from reduced fees. IG does not charge account maintenance or deposit fees, although inactivity fees may apply after two years of no trading activity. This structure makes IG a cost-effective option for both active and professional traders.

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#3. FP Markets

What is FP Markets?

FP Markets, established in 2005, is a globally recognized Forex and CFD broker offering access to a wide range of financial instruments, including forex, indices, commodities, stocks, and cryptocurrencies. The broker operates under the regulation of the Australian Securities and Investments Commission (ASIC), ensuring compliance with stringent financial standards and providing a secure trading environment. FP Markets is acclaimed for its tight spreads, fast execution speeds, and support for advanced trading platforms such as MetaTrader 4, MetaTrader 5, cTrader, and TradingView, making it a top choice among Forex brokers.​

Advantages and Disadvantages of FP Markets

Advantages	Disadvantage
Tight spreads starting from 0.0 pips Fast execution speeds Supports MetaTrader 4, MetaTrader 5, and cTrader High leverage options up to 1:500 Wide range of tradable assets	No proprietary trading platform Limited educational content for beginners Withdrawal fees may apply

FP Markets Fees and Commissions

In the Philippines, FP Markets offers competitive fees and commissions across its account types. The Standard Account features zero commissions, with costs incorporated into the spread, starting from 1.0 pips for major currency pairs. The Raw Account provides spreads from 0.0 pips, with a commission of $3 per lot per side. Notably, FP Markets does not impose inactivity fees or account maintenance charges.

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#4. XM

What is XM?

XM is a popular broker in the Philippines, known for its flexibility, low entry requirements, and range of financial instruments. With a minimum deposit as low as $5, XM caters to both beginner and experienced traders. The broker provides access to MetaTrader 4 and MetaTrader 5, which are widely used trading platforms for forex and CFDs. XM offers high leverage of up to 1:1000, depending on the account type and jurisdiction. Additionally, the broker supports over 1,000 financial instruments, including forex, cryptocurrencies, stocks, commodities, and indices, making it one of the best choices for traders in the Philippines who are looking for a variety of trading options.

Advantages and Disadvantages of XM

Advantages	Disadvantage
Wide range of financial instruments Supports MetaTrader 4 and MetaTrader 5 Tight spreads starting from 0.6 pips Negative balance protection Fast execution speeds Flexible leverage options up to 1:1000	Limited availability of cryptocurrencies Inactivity fees may apply Limited proprietary trading platform features

XM Commissions and Fees

On its Standard and Micro accounts, spreads start at 1.0 pips, and there are no commissions charged. For traders who prefer lower spreads, the XM Ultra-Low account offers spreads starting at 0.6 pips with no additional commissions. However, there is an inactivity fee of $5 after 90 days of no trading activity. This combination of low spreads and a transparent fee structure makes XM a cost-effective option for Filipino traders.

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#5. Interactive Brokers

What is Interactive Brokers?

Interactive Brokers (IBKR) is one of the top choices for Filipino traders due to its comprehensive trading tools and global market access. The platform is renowned for its Trader Workstation (TWS), which provides advanced features such as algorithmic trading and access to over 150 markets, including stocks, options, forex, futures, and more. IBKR stands out for its low margin rates, extensive research tools, and fractional share trading, which is perfect for both retail and professional traders. It also offers a wide range of platforms, including IBKR Mobile and IBKR GlobalTrader, catering to traders who need flexibility while on the go. With its strong regulatory framework and competitive pricing, Interactive Brokers is an ideal broker for those looking for reliable and advanced trading solutions in the Philippines.

Advantages and Disadvantages of Interactive Brokers

Advantages	Disadvantage
Regulated by top-tier authorities Access to global markets and diverse instruments Advanced trading platforms like Trader Workstation (TWS) Extensive research tools	High inactivity fee Complex pricing structure

Interactive Brokers Commissions and Fees

Interactive Brokers offers competitive pricing, especially for high-volume traders. Forex fees are tiered based on trading volume, starting at 0.1 pips for major currency pairs like EUR/USD. There are no account maintenance fees and no deposit fees, and traders benefit from one free withdrawal per month. For futures and other assets, IBKR charges a transparent, volume-based fee structure, making it highly cost-effective for active traders in the Philippines.

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#6. IC Markets

What is IC Markets?

IC Markets is a well-known broker throughout the world that offers narrow spreads and fast execution. This makes it one of the finest options for traders in the Philippines who want to trade forex at a low cost and have easy access to the market. It distinguishes out in the area since it offers raw spreads that are good for both small and expert traders who wish to trade at a low cost.

Advantage and Disadvantage of IC Markets

Advantages	Disadvantage
Deep Liquidity for High-Volume Trading Fast Execution Speeds Supports Algorithmic & Copy Trading No Inactivity or Funding Fees	No Proprietary Platform Educational Content Limited Research Tools Basic Customer Support Can Be Slow

IC Markets Commission and Fees

There are two types of accounts at IC Markets. The Standard Account offers no fee and spreads that start at about 0.6 pips. It's for traders who want to include trading costs in the spread. The Raw Spread Account has spreads that are almost zero and a cost of roughly $7 per regular lot (round turn) on FX. This account is for traders who want tighter spreads and don't mind paying a commission. MT4, MT5, and cTrader are some of the platforms that are supported. Other capabilities include algorithmic trading, copy trading, and VPS hosting. You can use leverage up to 1:500.

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#7. Exness

What is Exness?

Exness is a popular global broker that is becoming more popular in the Philippines because it boasts low trading costs, quick withdrawals, and an easy-to-use setup. This makes it one of the best options for both beginner and experienced traders.

Advantage and Disadvantage of Exness

Advantages	Disadvantage
Ultra-Low Forex Spreads Multiple Account Types No Deposit or Withdrawal Fees Negative Balance Protection Fast and Transparent Withdrawals	Investor Protection Varies by Jurisdiction No Investor Compensation Outside Certain Regions Limited Product Range Beyond CFDs Third-Party Bank or Payment Fees May Apply

Exness Commission and Fees

Exness does not charge deposit or withdrawal fees, while banks or providers may. They offer these accounts, Standard Accounts are commission-free with wider spreads, but Raw Spread, Zero, and Pro Accounts have spreads starting at 0 pips with commissions ranging from 0.20 to 3.50 US dollars per lot per side, depending on the instrument. Overnight swap fees apply to positions held overnight, and an inactivity fee is imposed after 90 days without trading. Platforms supported include MT4 and MT5, with leverage of up to 1:2000.

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#8. FP Markets

What is FP Markets?

FP Markets is an Australian-based broker noted for its clear pricing and direct market access, making it an excellent alternative for Philippine traders who appreciate fair execution. It has established a reputation for providing dependable trading conditions in forex, CFDs, and equities, backed by several platforms and low fees.

Advantage and Disadvantage of FP Markets

Advantages	Disadvantage
Competitive spreads Multiple trading platforms Diverse asset selection Regulatory oversight	Limited educational resources High international withdrawal fees Outdated platform design No U.S. clients accepted

FP Markets Commission and Fees

FP Markets has two major account types. The Raw Account offers spreads starting at 0.0 pips with a cost of approximately 3 US dollars per lot each way on forex and metals, or per-share rates for equities, making it ideal for aggressive traders looking for cheap spreads. The Standard Account is commission-free and offers broader spreads that incorporate the broker's charges, making it ideal for casual traders who desire a simpler pricing structure. Overnight swaps, Islamic account administration charges, and IRESS market data fees are all examples of additional expenses. The minimum deposit is $100 US, with leverage offered up to 1:500 on the MT4, MT5, and IRESS platforms.

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#9. Tickmill

What is Tickmill?

Tickmill is a broker that is regulated all over the world and is known for having a low-cost trading environment. This makes it one of the finest options for Filipino traders who seek solid execution with low fees. Because of its competitive spreads and easy-to-understand account options, it is very popular with active forex traders.

Advantage and Disadvantage of Tickmill

Advantages	Disadvantage
Ultra-Low Spreads Supports MT4, MT5, TradingView Proprietary Platform Available Strong Global Regulation Low Minimum Deposit	Inactivity Fee After 12 Months Limited Product Range Average Research Tools Complex Commission Structure

Tickmill Commission and Fees

The costs at Tickmill vary depending on the type of account. There are no commissions on the Classic Account, and spreads start at about 1.6 pips. This account is good for traders who don't want to pay commissions. The Raw Account has spreads as low as 0.0 pips and charges roughly 3 US dollars per lot per side for forex and precious metals. This makes it a good choice for scalpers and traders who care about costs. The TradingView Raw Account charges roughly $3.50 per lot each side in commissions and has equally narrow spreads. It is meant for people who like the TradingView platform. All accounts do not charge a fee for trading CFD indices, cryptocurrencies, oil, or bonds. MT4, MT5, and TradingView are some of the platforms that work with it, and you can use up to 1:500 leverage.

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#10. HFM (HotForex)

What is HFM (HotForex)?

HotForex, or HFM, is a well-known broker that traders in the Philippines like since it offers a lot of different account kinds and has very low entry criteria. Because it has flexible terms, solid international rules, and a simple way for newcomers to get started, it is thought to be one of the best in the area.

Advantage and Disadvantage of HFM (HotForex)

Advantages	Disadvantage
Low spreads Multiple account types Comprehensive education Strong customer support	Limited crypto options Regional restrictions Withdrawal fees No proprietary platform

HFM (HotForex) Commission and Fees

The fees for HFM depend on the account. There is no commission on Premium and Pro Accounts. The fees are included into the spreads, which start at about 1 pip. The Zero Account has raw spreads and a commission that starts at roughly $3 per lot. There are no broker fees for deposits and withdrawals, and the Premium account has options that don't charge for swaps. The minimum deposit is $5, the maximum leverage is 1:1000, and the platforms that work with this broker are MT4 and MT5. You can trade forex, CFDs, indices, commodities, shares, and cryptocurrencies.

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#11. OANDA

What is OANDA?

OANDA is a well-known broker with a good reputation around the world. They offer clear prices and rigorous regulatory control. Because its platforms are easy to use and it is reliable for both forex and CFD trading, it is one of the finest brokers for traders in the Philippines.

Advantage and Disadvantage of OANDA

Advantages	Disadvantage
Transparent Pricing Robust Platforms Educational Resources Strong Support Trusted Reputation	Customer Support Not 24/7 No Stock Trading Limited Product Range Beyond Forex Inactivity Fee Applies Higher Spreads on Some Pairs

OANDA Commission and Fees

OANDA uses a core pricing methodology, which means that the spread includes charges for most FX and metals trades. The spreads on major forex pairings, such EUR/USD, can be as low as 0.1 pips. The effective commissions range from roughly 0.35 to 1.00 US dollars per 100,000 transacted, depending on the pair. There may be extra fees for CFDs on stocks and indices. After 12 months of not trading, an inactivity fee of 10 units of the account currency is imposed per month. Financing (rollover) fees apply to positions that are held overnight. Retail traders from other countries can use MT4 and OANDA's own platform, with leverage up to 1:200.

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#12. Admirals (Admiral Markets)

What is Admirals (Admiral Markets)?

Admirals, which used to be called Admiral Markets, is a broker that is regulated all over the world and offers both innovative trading tools and robust investor protection. Traders in the Philippines might think about this choice because it has competitive spreads, a wide range of instruments, and powerful add-ons for MT4 and MT5.

Advantage and Disadvantage of Admirals (Admiral Markets)

Advantages	Disadvantages
Strong Tier-1 Global Regulation Negative Balance Protection Available Tight Spreads & Low Fees Wide Range of Trading Platforms	Currency Conversion Fee Inactivity Fee Withdrawal Fees Beyond Free Limit Higher Minimum Deposit Requirements

Admirals (Admiral Markets) Commission and Fees

Admirals has a number of different types of accounts. The Zero Account gives you raw spreads starting at 0.0 pips and charges roughly $3 per lot per side for forex trades. You can open an Invest Account with just $1, and the account charges $0.02 per share for stocks and ETFs. The Standard Account also charges a $0.02 per share commission on stocks. The difference between the buy and sell prices on popular currency pairs like EUR/USD is usually between 0.1 and 0.6 pips. After 24 months of inactivity, you will have to pay a cost of 10 EUR every month. MT4 and MT5, with the Admirals Supreme Edition, are supported platforms. Under multinational entities, leverage can go as high as 1:500.

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#13. MultiBank Group

What is MultiBank Group?

MultiBank Group is a broker that is regulated around the world. It was founded in 2005 and focuses on forex and CFD trading with a strong emphasis on transparency and protecting investors. It is one of the top brokers for traders in the Philippines since it offers a variety of account types, tight spreads, and access to several trading platforms, all while following stringent rules.

Advantage and Disadvantage of MultiBank Group

Advantages	Disadvantages
Strong multi-jurisdictional regulation Tight spreads on major pairs Commission-free account options available Supports MT4, MT5 platforms Negative balance protection included	$60 inactivity fee applies Higher minimum deposit requirements Limited trader education resources Customer support quality inconsistent

MultiBank Group Commission and Fees

There are three types of accounts available from MultiBank Group. With the Standard Account, there are no commissions and spreads start at 1.5 pips. There are no commissions on the Pro Account either, and spreads start at 0.8 pips. With the ECN Account, you can get raw spreads starting at 0.0 pips and pay roughly $3 to $4 per lot per side in commissions. A 60 US dollar monthly maintenance cost is paid for accounts that have been dormant for three months in a row. There are also overnight switch fees. Most of the time, brokers don't charge anything for deposits and withdrawals. You can use MT4, MT5, and WebTrader, and you can get up to 1:500 leverage.

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#14. Eightcap

What is Eightcap?

Eightcap is an ASIC-regulated Australian broker noted for its low-cost forex trading and extensive support for MT4 and MT5 platforms. It is one of the best brokers in the Philippines since it offers low pricing and access to both the FX and crypto CFD markets.

Advantage and Disadvantage of Eightcap

Advantages	Disadvantage
Low Spreads on Raw Accounts Diverse Assets Advanced Tools Regulated Platform Strong Crypto CFD Offering	Limited Research Few Promotions No Fixed Spreads Regional Restrictions

Eightcap Commission and Fees

Eightcap provides two main accounts. The Standard Account is commission-free, with spreads starting at 1.0 pips (costs are included into the spread). The Raw Account offers raw spreads starting at 0.0 pips, with a commission of around 3.50 US dollars per side (7 US dollars round turn) every typical lot on forex and CFDs. Overnight swap fees apply to positions held overnight; deposits are free of broker fees, but some withdrawals may incur provider fees. The minimum deposit is $100 US dollars, with leverage up to 1:500. MT4 and MT5 are supported platforms, and you can trade FX, indices, commodities, stocks, and cryptocurrencies.

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#15. FxPro

What is FxPro?

FxPro is a UK-based broker that is authorized by top organizations including the FCA and CySEC. It offers forex and CFD trading with high execution quality. Because of its solid regulation, wide range of platforms, and clear pricing structures, it is one of the top brokers for the Philippines.

Advantage and Disadvantage of FxPro

Advantages	Disadvantages
Wide Range of Currency Pairs Multiple Trading Platforms Strong Global Reputation Good Execution Speeds	Higher Spreads on Standard Accounts Withdrawal Fees via Some Methods No Copy Trading Feature Complex Fee Structure Inactivity Fees Apply

FxPro Commission and Fees

There are three primary types of accounts at FxPro. There is no commission on MT4/MT5 Standard Accounts, and fees are included in spreads that start at about 1.2 pips. For forex and metals, MT4/MT5 Raw Spread Accounts can have spreads as low as 0.0 pips. There is a commission of 3.50 US dollars per lot each side (7 US dollars round turn). For cTrader Accounts, the commission is $35 for every $1 million traded, which is the same as $3.50 for each side of a regular lot. If you hold positions overnight, you'll have to pay swap fees. If you don't trade for 12 months, you'll also have to pay a $5 inactivity fee. The minimum deposit is $100, and you can borrow up to $500. MT4, MT5, cTrader, and FxPro EDGE are some of the systems that work with it.

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#16. Fusion Markets

What is Fusion Markets?

Fusion Markets is an ASIC-regulated Australian broker that is known for having very cheap trading expenses and a clear pricing structure. It is thought to be one of the top brokers for the Philippines because it has some of the lowest commissions in the world and offers a variety of account types that work for both new and experienced traders.

Advantage and Disadvantage of Fusion Markets

Advantages	Disadvantage
BUltra-Low Spreads Zero Minimum Deposit No Deposit/Withdrawal Fees Transparent Pricing	Limited Product Range Basic Research Tools No Owned Proprietary Platform

Fusion Markets Commission and Fees

There are two main accounts at Fusion Markets. The Zero Account has raw spreads that start at 0.0 pips and a commission of 2.25 US dollars per lot per side (4.50 US dollars round turn) for currency and commodities. There are no commissions on the Classic Account, and spreads start at 0.9 pips. There are no commissions on US share CFDs, and there are also account choices that don't charge swaps. You don't have to pay any fees to make a deposit, and there is no minimum amount you have to deposit. If you trade less than 2.5 lots, you will have to pay a Fusion+ copy service cost of $10 per month. There are swap costs for positions that are open overnight. MT4 and MT5 are two of the platforms that offer leverage of up to 1:500.

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#17. Vantage

What is Vantage?

Vantage is an ASIC-regulated Australian broker that lets you trade forex and CFDs. They emphasize on giving low prices and a flexible interface. It is one of the finest brokers for the Philippines since it offers both commission-free and low-cost ECN accounts. This makes it good for both new and experienced traders.

Advantage and Disadvantage of Vantage

Advantages	Disadvantages
Strong Global Regulation Multiple Trading Platforms Extra Insurance Protection for Clients No Internal Deposit or Withdrawal Fees Tight Spreads on Raw/ECN Accounts	Investor Protection Limited by Region Limited Product Range Beyond Forex/CFDs Customer Support Can Be Slow at Times Third-Party Bank Fees May Still Apply

Vantage Commission and Fees

Vantage has two basic categories of accounts. The Standard STP Account has no commissions and spreads that start at 1.0 pips. It's great for people who trade for fun. For forex trading, the Raw ECN Account offers raw spreads starting at 0.0 pips and a fee of $3 per lot each side (or $6 round turn). Depending on where you live, ETFs, precious metals, and share CFDs may have extra fees. You have to pay overnight swap costs for positions that are open overnight, although deposits don't cost anything from the broker. You need to put in at least 50 US dollars. You can use MT4, MT5, and TradingView, and you can get up to 1:500 leverage.

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#18. FBS

What is FBS?

FBS is a global forex and CFD broker that is licensed by several organizations. It is noted for being easy for newcomers to use because it has minimal minimum deposits and cent accounts. It is one of the top brokers for the Philippines since it has customizable account formats and low trading expenses that are perfect for small and medium-sized traders.

Advantage and Disadvantage of FBS

Advantages	Disadvantage
24/7 availability Multiple channels Real-time chat Multilingual support	Response delays Limited phone support High email wait times No dedicated account manager

FBS Commission and Fees

FBS usually doesn't charge fees on forex trades. Instead, the expenses are integrated into the spreads, which start at roughly 0.7 pips on popular pairings. A 0.7% charge per trade value applies to stock CFDs. FBS doesn't impose fees for deposits and withdrawals, however payment processors may charge processing fees. You have to pay swap fees for overnight holdings, although there are also switch-free Islamic accounts. Depending on the type of account, the minimum deposit can be as low as $1. You can use MT4, MT5, and the FBS Trader app, and you can use leverage up to 1:3000.

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#19. Axi

What is Axi?

Axi is a well-known broker around the world that is authorized by leading agencies like ASIC and the FCA. Because it has low-cost trading choices, clear pricing, and access to professional-grade tools like Autochartist and VPS hosting, it is one of the finest brokers for the Philippines.

Advantage and Disadvantage of Axi

Advantages	Disadvantage
Low Trading Costs Quick Digital Onboarding Supports Copy Trading Advanced Trading Tools	No Proprietary Platform Education Content Limited Narrow Product Range  Inconsistent Customer Support

Axi Commission and Fees

Axi has a tiered account system. There are no commissions on the Standard Account, but the spreads are bigger. The Pro Account charges $3.50 in commission for each lot that goes back and forth, and spreads start at 0.0 pips on popular pairings like EUR/USD. The Elite Account has a minimum deposit of $25,000, spreads that start at 0.0 pips, and no commission on crypto trades. Every day, overnight positions have to pay financing costs (swaps). For transactions under $50 (not including crypto), there is a $25 withdrawal fee. There are no fees for deposits, and MT4, Autochartist, VPS services, and leverage up to 1:500 are all supported.

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#20. XTB

What is XTB?

XTB is a broker that is traded on the stock market and is regulated by prominent authorities like the FCA, CySEC, and KNF. Because it has a simple platform, no commissions on CFD trading, and stock investment, as well as solid regulation and openness, it is one of the finest brokers for the Philippines.

Advantage and Disadvantage of XTB

Advantages	Disadvantages
No minimum deposit required  Low forex spreads (~0.6–0.9 pips) 0% commission up to €100k/month on stocks/ETFs  Proprietary xStation 5 platform  No custody fees below €250k	No MT4 or MT5 platform support  Spreads wider than ECN brokers 0.2% fee beyond €100k turnover 0.5% currency conversion fee applies  Paper statements may incur fees

XTB Commission and Fees

XTB lets you trade forex and CFDs without paying commissions. The spreads on EUR/USD are usually between 0.6 and 0.9 pips. There are no commissions on trades of stocks and ETFs up to €100,000 per month. A 0.2% charge occurs after this point, with a minimum of €10 per transaction. If you trade in a different currency, you will have to pay a 0.5% fee to convert the money. There are no custody fees for amounts up to €250,000. After that, there is a 0.02% yearly fee (minimum £10). Most of the time, deposits and withdrawals are free, but some credit cards in some areas may have a 1.5% withdrawal fee. The supported platform is xStation 5, which has enhanced charting, news, and built-in education. However, MT4 and MT5 are not supported. Filipino traders can use leverage of up to 1:500.

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#21. Moneta Markets

What is Moneta Markets?

Moneta Markets is a broker that is regulated by ASIC, FSCA, CIMA, and FSA. It offers forex, CFDs, and stocks in more than 1,000 markets. It is one of the top brokers for the Philippines since it has a lot of different account types, high leverage, and low-cost ECN trading that works for both new and experienced traders.

Advantage and Disadvantage of Moneta Markets

Advantages	Disadvantages
Segregated Client Funds & AA-Rated Bank Custody Negative Balance Protection ECN-style Prime Account with Spreads from 0.0 pips Multi-Platform Support Low $50 Minimum Deposit	Regulatory Protections Vary by Region Limited Investor Compensation Schemes Direct STP Spreads Wider than Average Occasional Withdrawal Delays Reported Ultra-ECN Accounts Require High Deposit

Moneta Markets Commission and Fees

There are three kinds of accounts at Moneta Markets. There are no commissions on the Direct STP Account, and spreads start at roughly 1.2 pips. The Prime ECN Account has raw spreads starting at 0.0 pips and a $3 commission per lot each side ($6 round-turn). The Ultra ECN Account has raw spreads starting at 0.0 pips and a lower cost of $1 per lot each side ($2 round-turn), but it needs more money to open. There are no commissions on US share CFDs. There are no costs for deposits or inactivity, and clients can make one free withdrawal per month. Any extra withdrawals will cost money. You can use MT4, MT5, ProTrader, and AppTrader, and you can get up to 1:1000 leverage.

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#22. Saxo Bank

What is Saxo Bank?

Saxo Bank is a Danish investment bank and global broker that is regulated by top-tier regulators (FCA, ASIC, MAS, FINMA). It gives you access to FX, CFDs, stocks, ETFs, bonds, futures, and options. Its wide selection of products, powerful proprietary platforms, and institutional-grade reliability make it one of the top options for the Philippines.

Advantage and Disadvantage of Saxo Bank

Advantages	Disadvantage
Massive Instrument Range Multi‑platform Choice Tiered Pricing Benefits Cash Interest on Balances No Inactivity Fee	High Minimums Wider Spreads on Classic Accounts Currency Conversion Fees Withdrawal Charges Complex Pricing

Saxo Bank Commission and Fees

Saxo Bank has a tiered commission and charge system that depends on the product, the kind of account, and where you live. Forex spreads are roughly 1.6 pips on EUR/USD. CFDs have spreads as low as 0.7 on US500 and cheap fees. There is a fee of 0.03% for each trading in stocks and ETFs, with a minimum of €10 on various marketplaces. The cost of trading commodities starts at $2 per lot, while the cost of trading futures starts at $1 per contract. The cost of trading listed options starts at $0.75 a contract. Custody fees (for example, 0.12% per year for Classic accounts on equities), currency conversion fees (up to +/-0.25%), and overnight finance charges for CFDs and futures are some of the other expenditures that may come up. SaxoTraderGO and SaxoTraderPRO are two of the platforms that support this. They give you access to more than 40,000 markets and powerful professional tools.

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#23.VT Markets

What is VT Markets?

VT Markets is an Australian-based multi-asset broker founded in 2015, regulated by ASIC, FSCA, and FSC, making it a secure option for Filipino traders. It stands out in the Philippines as one of the best brokers because it combines global regulation with local accessibility, offering fast account verification, competitive ECN pricing, and access to over 1,000 instruments across forex, stocks, indices, commodities, and crypto. With support for MT4, MT5, TradingView, and WebTrader, plus features like copy trading and loyalty rewards, VT Markets caters to both beginners and experienced traders who want reliable, low-cost trading backed by strong international oversight.

Advantage and Disadvantage of VT Markets

Advantages	Disadvantage
Multiple channels Helpful live chat Quick email responses Professional support	Limited hours Callback for phone Slow at peak times No 24/7 support

VT Markets Commission and Fees

There are two types of accounts at VT Markets. There are no commissions on the Standard STP Account, and spreads start at 1.2 pips. With a $3 per lot per trade commission (approximately $6 round-turn on a 100,000-unit standard lot), the RAW ECN Account has spreads as low as 0.0 pips. If you hold a position overnight, you will have to pay swap costs. These fees vary per pair and market rates. Most of the time, withdrawals are free, but if you want to make more than one wire transfer transaction in the same month, you'll have to pay $20. You can use MT4, MT5, WebTrader, and VT Markets' mobile app. You can also trade FX, indices, commodities, ETFs, metals, and crypto CFDs with leverage of up to 1:500.

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#24. Capital.com

What is Capital.com?

Capital.com is a CFD broker that is regulated all over the world (by the FCA, ASIC, CySEC, SCB, and SCA). It is noted for its low fees, superior proprietary technology, and prices that are good for investors. It is thought to be one of the finest brokers for beginners and intermediate traders in the Philippines because it has no commissions, clear spreads, and a lot of training materials.

Advantage and Disadvantage of Capital.com

Advantages	Disadvantages
Zero commissions on all trades No deposit or withdrawal fees Low spreads on forex pairs Strong education and research tools Proprietary AI-driven trading platform	MT4 supported, no MT5 Currency conversion fee of 0.7% CFDs only, no direct stocks GSLO orders charged if triggered

Capital.com Commission and Fees

Capital.com charges no commissions and generates revenue from spreads, which are the difference between the bid and ask price. Deposits and withdrawals are free, however third-party banks may levy additional costs. There are no inactivity fees, thus it is ideal for beginners. When positions are held overnight, an overnight financing (swap) cost is charged, which varies depending on the asset class and leverage. However, there are no overnight costs for stock and cryptocurrency CFDs held at 1:1 leverage. When you trade assets in a currency other than the base currency of your account, you will incur a currency conversion fee. Furthermore, Guaranteed Stop-Loss Orders (GSLO) cost money only if they are executed. Spreads on key forex pairs, such as EUR/USD, typically begin around 0.6 pips, and the platform supports web, mobile, and TradingView integration, with leverage of up to 1:500 depending on regulation.

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#25. InstaForex

What is Instaforex?

InstaForex is a global broker registered by the BVI FSC that provides forex, CFDs, commodities, indices, and cryptocurrency. It stands out in the Philippines for its $1 minimum deposit, high leverage of up to 1:1000, and access to both the MT4 and MT5 platforms, making it appealing to both beginners searching for low entry barriers and advanced traders looking for copy trading tools.

Advantage and Disadvantage of Instaforex

Advantages	Disadvantage
24/7 Availability Multilingual Support Quick Responses Comprehensive Resources	Occasional Delays Limited Channels Generic Replies Regional Inconsistency

Instaforex Commission and Fees

InstaForex costs vary by account type. The Insta.Standard Account is commission-free, with costs incorporated into fixed spreads (which are frequently wider than ECN brokers). The Insta.Eurica Account has 0-pip spreads but charges between 0.03% and 0.07% commission per trade, depending on the product. Certain CFD trades carry a 0.1% fee. After 12 months of inactivity, an account charge is levied. Withdrawal costs vary according to method, ranging from 1.39% for Skrill/Neteller to 2% for bank wire transfers. Deposit fees are often waived, though third-party charges may apply. Leverage up to 1:1000 is available, with platforms including MT4, MT5, and proprietary mobile apps.

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How to Get Started with a Forex Broker in the Philippines

Getting started with forex trading in the Philippines is much easier than it sounds. First, you'll want to choose a forex broker that fits your needs, whether you're just starting or have some experience. It's essential to find a broker that’s regulated, offers low trading fees, and gives you access to reliable trading platforms. Some brokers provide demo accounts, which is a great way to practice trading without any financial risk.

Here’s how to get started step-by-step:

• Choose a Regulated Broker: Make sure your broker is well-regulated, offering security for your investments. Many of the best forex brokers are regulated by international authorities like the FCA or ASIC.
• Open a Forex Trading Account: You’ll need to provide personal details, proof of identity, and possibly your financial background. Many brokers in the Philippines allow low minimum deposits, so you can start small.
• Fund Your Account: Once your account is approved, you’ll need to deposit funds. Brokers often offer various methods such as bank transfers or e-wallets.
• Learn Trading Strategies: Before you begin, take the time to study different trading strategies and understand the risks of the forex market.
• Start Trading Forex: Stick to major currency pairs like EUR/USD initially, as they tend to have lower spreads and are easier for beginner traders.

Conclusion

Choosing the best forex broker in the Philippines for 2025 ultimately comes down to what you need as a trader. Whether you’re a beginner looking for a platform with low minimum deposits or an experienced trader seeking advanced tools, there’s a broker out there for you. We've covered some of the top brokers that offer great trading platforms, competitive fees, and excellent customer support. Take the time to compare their features, try demo accounts if possible, and find the one that fits your trading style and goals. Remember, it’s important to focus on key aspects like regulation, fees, and the type of forex trading platform offered to ensure a safe and smooth trading experience.

Also Read: The 5 Best Forex Brokers in Taiwan in 2025

FAQs

Is forex trading legal in the Philippines?

Yes, forex trading is legal in the Philippines. However, it’s important to use regulated forex brokers that comply with international standards, as there are currently no locally regulated brokers by the Securities and Exchange Commission (SEC). Many traders opt for internationally regulated brokers like those regulated by the FCA or ASIC.

What are the best forex brokers for beginners in the Philippines?

Some of the best forex brokers for beginners include XM, AvaTrade, and Pepperstone. These brokers offer low minimum deposits, user-friendly trading platforms, and access to demo accounts, which are ideal for those just starting with forex trading.

What fees should I look out for when trading forex?

The main fees to consider when trading forex include spreads, which are the differences between the buying and selling price of a currency pair, and commissions, which some brokers charge per trade. Additionally, you may encounter withdrawal fees, inactivity fees, and overnight financing costs depending on the broker you choose. Always review a broker’s fee structure before opening an account.