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Forex Brokers in Philippines

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Recognizing the best forex brokers is not just a matter of making sure of its security and basic trading features. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.

The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.


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Score Broker Country Regulation Min Deposit Max Leverage

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.

Additional FAQ

It's 100% legal to trade forex in the country if the broker is authorized by the local Securities and Exchange Commission (SEC). The SEC oversees forex trading to ensure that it is conducted in a fair and transparent manner. So, there's no prohibition law for forex trading in the Philippines.

However, the public's confusion regarding the legality of forex trading in the Philippines stems from the SEC statement titled "Forex Trading Is Illegal In The Philippines" on October 30, 2018. Any Philippine residents who want to trade forex should know three key points from the advisory:

  1. The public is advised to stop forex trading and investing in foreign platforms for forex, CFD, indices, binary options, etc.
  2. The public is advised to avoid anyone who promotes such financial products because they have no license to facilitate trading in the Philippines.
  3. The public is encouraged to report anyone who promotes such financial products to the Enforcement and Investor Protection Department (EIPD).

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  • Regulated as offshore brokers.
  • Provides deposits and withdrawals via local banks or any other payment methods.
  • Supports Philippines Peso (PHP) as account currency.
  • Supports the Filipino language (Tagalog) in the official website, mobile app, and customer support.
  • Allows bonus promotions for Filipino traders.

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Offshore brokers accept clients from any country without limitations. Therefore, they become an ideal option for Philippines traders who want to trade forex in their country. In terms of legality, offshore brokers typically have regulations from entities like:

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Nevertheless, there are some things that traders just simply have to do by themselves. Some of them are:

1. Choose trustworthy, bonafide, and properly regulated forex brokers.

2. Seek brokers with two-factors authentication.

3. Change passwords regularly.

4. Don't believe in email easily.

5. Update anti-virus and anti-malware regularly.

Continue Reading at Hacking Attacks on Forex Brokers, What to Do?


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