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IC Markets
ASIC (Australia)Up to $2.50/Lot Rebate + 21% Comm Off
Raw Trader Plus rebate up to $2.50/lot. Save ~$1.50/lot with 21% lifetime commission discount.
Verified Oct 8, 2026
Best Forex Brokers in the Philippines for 2026
Last updated October 23, 2026
Brokers that accept Filipino clients, compared on regulation, costs and funding. Local payment methods are listed only where the broker's own page shows them.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated by SEC (Securities and Exchange Commission Philippines), BSP (Bangko Sentral ng Pilipinas)Local deposits: Bank Transfer, Visa / MastercardAccounts in PHP (Philippine Peso)
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every Philippines page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 3 top picks for the Philippines
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Official PHP deposit method
Fusion Markets
Accepts Philippine clients9.0
BrokerAnalysis score
DragonPay (PHP), $10 min on that method
- DragonPay PHP deposits listed on Fusion's own funding page, $10 minimum on that method
- Raw spreads from 0.0 pips, $4.50 round-turn commission
- MT4, MT5, cTrader and TradingView; $0 account minimum
ASIC + VFSC (no PH SEC licence)
You contract with: Check which Fusion entity your account opens under; ASIC protections apply to the Australian entity only
Visit Fusion MarketsRead full review
Not registered with the Philippine SEC. Confirm DragonPay is offered to your profile in the client portal before depositing. Forex CFD trading is high-risk.
#2 · Has a Philippines site
FP Markets
Accepts Philippine clients9.0
BrokerAnalysis score
Bank transfer and cards (local wallets not confirmed)
- True ECN pricing, EUR/USD from 0.0 pips on Raw
- MT4, MT5 and cTrader
- Dedicated Philippines-facing site
ASIC + CySEC (no PH SEC licence)
You contract with: Offshore entity serves PH clients; confirm in your client agreement
Visit FP MarketsRead full review
Not registered with the Philippine SEC. Third-party reviews mention local wallets but we could not confirm them on FP Markets' own pages, so we do not list them. Forex CFD trading is high-risk.
Why these two
For Filipino traders the practical deciders are how you can fund and withdraw, and how you are treated if something goes wrong. Fusion Markets is the only broker we found with an official PHP method; Vantage lists a Philippines bank transfer; FP Markets has a Philippines-facing site but we have not confirmed a local method. We removed brokers named in SEC Philippines advisories rather than show them with a footnote. None of these is SEC-registered. Treat 'not named' as 'not yet named', keep balances small, and withdraw regularly.
IMPORTANT: These brokers are NOT registered with the Philippine SEC. The SEC has named many offshore forex brokers in advisories and extends liability to promoters and endorsers. CFDs carry a high risk of losing money rapidly due to leverage. This page is informational, not a solicitation. Trade only what you can afford to lose.
What are the best forex brokers in Philippines?
Fusion Markets ranks #1 among 14 brokers tested for Best Forex Brokers in the Philippines with EUR/USD spreads from 0.0 pips (Zero) and a minimum deposit of $0. All listed brokers are regulated under SEC (Securities and Exchange Commission Philippines), BSP (Bangko Sentral ng Pilipinas), accepting Bank Transfer, Visa / Mastercard, DragonPay (Fusion Markets). Rankings are based on spread data, regulation tier, and platform testing published in our methodology.
Top Forex Brokers for Philippine Traders in 2026
Forex trading is popular in the Philippines, but retail forex dealing is not licensed there and the SEC has named many offshore brokers in public advisories. Our current ranking starts with Fusion Markets where it is available, followed by FP Markets, Vantage, and Eightcap. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Country Offers
Browse All PromotionsAvailable offers for Philippines traders
Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.
Cashback / Rebate
FP Markets
ASIC (Australia)Refer a Friend: Earn up to $200
Referral bonus pays $50-$200 after a friend funds and trades the required volume.
Verified Sep 15, 2026
RoboForex
FSC (Belize)$30 Welcome Bonus — No Deposit Needed
$30 welcome bonus for new verified accounts after a $10 card deposit on eligible MT4/MT5 accounts.
Verified Oct 8, 2026
Philippines Trading Guide
Regulated by
SEC (Securities and Exchange Commission Philippines), BSP (Bangko Sentral ng Pilipinas)
Legal status
Retail forex dealing is not licensed in the Philippines. The SEC publishes advisories against unregistered offshore brokers and warns that promoters and endorsers can face liability.
Accounts in
PHP (Philippine Peso)
Available in Philippines
Bank TransferVisa / MastercardDragonPay (Fusion Markets)Local conversion checklist
What Philippines traders should verify first
Regulation and legal status
Check SEC Philippines guidance, offshore entity disclosures, and whether the broker supports Filipino residents.
Local payment methods
Check the broker's own deposit page for a Philippines method (bank transfer, card, DragonPay). We name a local wallet only where we have seen it on the broker's site.
Metro Manila has been the strongest conversion signal, so this page should keep verified local payment options and beginner-friendly CTAs visible.
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FIND MY BROKERKey Features for Philippine Traders
14 brokers · how we rank
Compare essential features of forex brokers available to traders in the Philippines.
| Broker | Withdrawal | FX commission | Time to open account | USDJPY spread | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.0 pips (Zero) | $0 | Same day | $4.50/round turn (Zero) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Raw) | $100 | Same day to 1 business day | $3/lot (Raw) | — | — | No tier-1 licence listed | ||
| 0.5 | $50 | 1-2 business days | $3.00/lot | Minutes | 0.3 | No tier-1 licence listed | ||
| 0.0 pips (Raw) | $100 | 1-2 business days | $3.50/lot (Raw) | — | — | No tier-1 licence listed | ||
| 0.0 | $200 | 24-48 hours | $3.50/lot | 1 day | 0.0 | No tier-1 licence listed | ||
| 0.1 | $0 | 1-2 business days | $3.50/lot | Same day | 0.1 | No tier-1 licence listed | ||
| 0.1 | $100 | 1 business day | $2/lot | Same day | 0.2 | No tier-1 licence listed | ||
| 0.4 | $10 | Instant for most electronic methods | None | Same day | 0.5 | No tier-1 licence listed | ||
| 0.0 pips (Commission-based) | $10 | 1-5 business days | From 0.003% per trade | — | — | No tier-1 licence listed | ||
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | No tier-1 licence listed | ||
| 0.7 pips | $25 | 1-2 business days | $0 | — | — | No tier-1 licence listed | ||
| 0.0 pips (ECN) | $50 | 1-2 business days | From ~$5/lot (ECN) | — | — | No tier-1 licence listed | ||
| 0.6 pips | $100 | 1-2 business days | None (spread-based) | — | — | No tier-1 licence listed | ||
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | — | — | — | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) |
Rank 01 · best overall
Spread
0.0 pips (Zero)
Min dep.
$0
Withdrawal
Same day
FX commission
$4.50/round turn (Zero)
Time to open account
—
USDJPY spread
—
Rank 02
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
FX commission
$3/lot (Raw)
Time to open account
—
USDJPY spread
—
Rank 03
Spread
0.5
Min dep.
$50
Withdrawal
1-2 business days
FX commission
$3.00/lot
Time to open account
Minutes
USDJPY spread
0.3
Rank 04
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
FX commission
$3.50/lot (Raw)
Time to open account
—
USDJPY spread
—
Rank 05
Spread
0.0
Min dep.
$200
Withdrawal
24-48 hours
FX commission
$3.50/lot
Time to open account
1 day
USDJPY spread
0.0
Rank 06
Spread
0.1
Min dep.
$0
Withdrawal
1-2 business days
FX commission
$3.50/lot
Time to open account
Same day
USDJPY spread
0.1
Rank 07
Spread
0.1
Min dep.
$100
Withdrawal
1 business day
FX commission
$2/lot
Time to open account
Same day
USDJPY spread
0.2
Rank 08
Spread
0.4
Min dep.
$10
Withdrawal
Instant for most electronic methods
FX commission
None
Time to open account
Same day
USDJPY spread
0.5
Rank 09
Spread
0.0 pips (Commission-based)
Min dep.
$10
Withdrawal
1-5 business days
FX commission
From 0.003% per trade
Time to open account
—
USDJPY spread
—
Rank 10
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
FX commission
Confirm current terms directly
Time to open account
—
USDJPY spread
—
Rank 11
Spread
0.7 pips
Min dep.
$25
Withdrawal
1-2 business days
FX commission
$0
Time to open account
—
USDJPY spread
—
Rank 12
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
FX commission
From ~$5/lot (ECN)
Time to open account
—
USDJPY spread
—
Rank 13
Spread
0.6 pips
Min dep.
$100
Withdrawal
1-2 business days
FX commission
None (spread-based)
Time to open account
—
USDJPY spread
—
Rank 14
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
FX commission
—
Time to open account
—
USDJPY spread
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForOnly broker we found with an official PHP deposit method.
Min Deposit$0
Fusion Markets Review Summary
Fusion Markets lists DragonPay as a PHP deposit method on its own funding page and charges $4.50 round-turn commission on its Zero account. Not SEC-registered; confirm DragonPay is offered to your profile before depositing.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForECN pricing with a Philippines-facing site.
Min Deposit$100
FP Markets Review Summary
FP Markets offers true ECN pricing from 0.0 pips and runs a Philippines-facing site. Reviewers mention local wallets but we could not confirm them on FP Markets own pages, so we do not list them.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForFast account opening and ECN access.
Min Deposit$50
Vantage Review Summary
Vantage offers account opening in minutes and competitive spreads with a Philippines bank transfer method. Their RAW ECN account provides professional trading conditions for Filipino traders.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForRaw spreads and TradingView integration.
Min Deposit$100
Eightcap Review Summary
Eightcap offers raw spreads from 0.0 pips, MT4, MT5 and TradingView. Its payments page lists the Philippines for a local Asian method, but we have not confirmed which wallet, so none is named here.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForBest raw spreads for professional traders.
Min Deposit$200
IC Markets Review Summary
IC Markets delivers true ECN pricing with spreads from 0.0 pips, ideal for scalpers and high-volume traders in the Philippines.
Pros
- Regulation varies by entity
- Minimum deposit: $200
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForRazor-sharp spreads and fast execution.
Min Deposit$0
Pepperstone Review Summary
Pepperstone offers institutional-grade execution with no minimum deposit, making them accessible to Filipino traders of all levels.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForUltra-low commission specialist.
Min Deposit$100
Tickmill Review Summary
Tickmill offers some of the lowest commissions at $2/lot on their Pro account. Ideal for active Filipino traders seeking tight spreads.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Very Low — compare account types before opening
Our Rating
4.5/5.0
Best ForHigh leverage and diverse platforms.
Min Deposit$10
RoboForex Review Summary
RoboForex offers flexible leverage options and supports crypto deposits. Their CopyFX platform allows following successful Filipino traders.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for zero-spread commission-based traders.
Min Deposit$10
Libertex Review Summary
Libertex is a multi-regulated broker with Libertex Web, Libertex Mobile, MT4, MT5 access, 0.0 pips (Commission-based) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for traders who have independently verified current terms and accept the trust concerns disclosed in our review.
Min Deposit$50
TIO Markets Review Summary
TIO Markets is a multi-regulated broker with MT4, MT5 access, From ~1.0 pips (confirm current terms) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
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- 1,513
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- Pips, net
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Six signal rooms5-day free trial
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Accurate AIAI
Ask for a market read on any timeframe. Informational — never a trade call.
Gamified Academy
50 video lessons and 14 written courses, stage by stage from zero.
Scalper Pro indicator
A chart indicator that marks levels, entry and stops right on the price.
July–August 2026, all Accurate signal groups combined, last platform audit 19 August 2026. Self-reported by Accurate Signals (shown in the member dashboard under Track Record) and not independently audited. Pips are not account profit. Past results do not guarantee future performance.
The 5-day VIP trial is free and needs no deposit. Ongoing access is funded through our VT Markets partnership — the registration link is pinned inside the community for when you are ready. Forex and CFD trading carries significant risk and can result in the loss of your capital. Never deposit money you cannot afford to lose. Past results do not guarantee future performance. This is general education, not financial advice.
All materials are prepared by the Introducer and VT bears no responsibility for the information and/or materials provided. All claims should be directed to the Introducer. All rights of VT and any affiliated entities trading under the "VT" trademark, brand or logo are reserved.
Frequently Asked Questions About Forex Brokers in the Philippines for
Frequently Asked Questions
Fusion Markets is the top-ranked forex broker for Filipino traders in the current BrokerAnalysis ranking where it is available. Compare it with FP Markets, Vantage, and Eightcap for local payment methods, account terms, regulation, and platform fit before opening an account.
Retail forex dealing is not licensed in the Philippines. The SEC publishes advisories naming unregistered offshore brokers, and warns that agents, promoters and endorsers can face liability. Filipinos who trade do so with offshore brokers, so check the SEC advisory list for any broker before you deposit. A broker that is not on the list is not thereby approved.
Some offshore brokers advertise GCash or Maya funding, but several of the brokers that do have been named in SEC Philippines advisories, and we have removed those from this page. For the brokers listed here we only name a local method when it appears on the broker's own page: Fusion Markets lists DragonPay (PHP) and Vantage lists a Philippines bank transfer. We have not confirmed GCash or Maya for any of them.
We have not confirmed Maya on the official pages of any broker on this page, so we do not list one. Check the deposit screen of a demo-to-live signup with a Philippine profile before you fund an account.
Fusion Markets lists DragonPay as a PHP deposit method on its funding page. Other brokers here take bank transfer or cards and convert from PHP at their own rate, so compare the conversion cost with your bank before depositing.
Withdrawals generally go back to the method you deposited with. Bank transfer withdrawals to a Philippine bank commonly take one to several business days, plus your bank's processing. Verify your account with the broker first and withdraw regularly rather than leaving a large balance.
Fusion Markets has a $0 account minimum, with $10 on its DragonPay method. Vantage needs $50, and FP Markets and Eightcap $100. We recommend starting with at least $50-100 so position sizing and risk management are workable.
₱1,000 is about $18. Fusion Markets has no account minimum, so it is technically possible, but position sizes would be tiny. For safer trading with proper risk management we recommend at least ₱5,000-10,000 and a demo account first.
1) Learn the basics through free courses, 2) read the SEC advisory list and choose a broker carefully, 3) open a demo account to practise, 4) fund with a small amount you can afford to lose, 5) start with major pairs like EUR/USD and use a stop loss on every trade.
MetaTrader 4 and MetaTrader 5 are available from every broker on this page, and Fusion Markets and FP Markets also offer cTrader. Pick the platform first, then confirm the broker's funding options in a demo-to-live signup.
IC Markets and Pepperstone offer strong MT4 execution with full EA support. Fusion Markets and FP Markets also run MT4 on raw-spread accounts.
Yes. Fusion Markets, FP Markets, Vantage, IC Markets and Pepperstone all offer MT5, which adds more timeframes, order types and a built-in economic calendar.
No forex broker is licensed by the Philippine SEC for retail dealing. The brokers here hold licences abroad: Pepperstone (FCA, ASIC), IC Markets (ASIC, CySEC), Vantage (ASIC, FCA), FP Markets (ASIC, CySEC) and Fusion Markets (ASIC, VFSC). Those licences may not protect clients of the offshore entity that serves the Philippines, so read your client agreement.
It carries real risk: you have no Philippine regulator to complain to, and the SEC warns that promoters can face liability. Keep balances small, withdraw regularly, and avoid brokers that appear in SEC advisories.
IC Markets, Fusion Markets and FP Markets all offer EUR/USD from 0.0 pips on raw accounts plus a per-lot commission. Pepperstone and Tickmill also offer ultra-low spreads, ideal for scalping strategies.
The brokers here do not charge a deposit fee themselves, but your bank, card issuer or payment gateway may. Check the fee before you fund.
Forex trading profits may be subject to income tax in the Philippines under the Tax Reform for Acceleration and Inclusion (TRAIN) Law. Consult a local tax professional or BIR for specific guidance on your tax obligations.
Top Searched Questions
Is forex trading legal in the Philippines?
Forex trading is legal in the Philippines and regulated by the SEC Philippines and Bangko Sentral ng Pilipinas (BSP). Filipino traders can use both locally regulated and international brokers. Look for GCash/Maya deposit support, PHP accounts, and brokers with local customer service in Filipino/English.
What trading platforms are popular in the Philippines?
MT4 and MT5 are the most popular forex trading platforms among Filipino traders. Many brokers also offer TradingView integration and proprietary mobile apps. Key features for Philippine traders include GCash integration, peso deposits, and 24/7 support in English and Filipino.
Information automatically localized based on "forex trading philippines" and related trends.
Sources & References
- Securities and Exchange Commission (Philippines) Official Website— SEC (2026)
- FCA Register – Check Authorized Firms— FCA (2026)
- CySEC Regulated Entities List— CySEC (2026)
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
Related Broker Pages
Built from live category and sibling-page coverageBrowse Broker Features in Philippines
Specialized broker guides available for Philippines traders.
Browse all 130 pages
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.
Funding a Philippines account: the parts other comparison sites skip
Knowing a broker “accepts GCash” tells you almost nothing about whether your money arrives. These are the rail ceilings and the conversion step that decide it — each fact graded and sourced, with no stopwatch claims we cannot back.
GCashTwo unpublished conversions, as everywhere else. PHP is relatively stable, so the spread rather than the currency move is the cost.
Full GCash rail detailSecurities and Exchange Commission (SEC) PhilippinesOffshore retail forex brokers are not licensed to solicit Philippine residents, and SEC advisories have named promoters — not only the brokers — as exposed to liability.
How we verify payment rails · last verified 2026-10-10
How we measured this — forex brokers for Philippines traders
Across the 14 Forex brokers available to Philippines traders on this page, the median researched EUR/USD spread is 0.0 pips, ranging from 0.0 to 1.3 pips, with 12 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0 pips
- Brokers measured
- 14
- Linked to broker spec
- 12 of 14
- Data as of
- 2026-11-06
Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.
Sources: pepperstone.com · markets.com · icmarkets.com · fusionmarkets.com · fpmarkets.com · tickmill.com · vantagemarkets.com · tmgm.com · eightcap.com · roboforex.com and 2 more published specifications
What changes locally
- Oversight relevant to traders in the Philippines sits with SEC Philippines.
- Locally, traders in the Philippines can fund accounts through GCash, GrabPay, Maya at brokers that support them — a rail that is unavailable in most other markets.