16 Best Forex Brokers in Philippines 2025

16 Best Forex Brokers in Philippines for 2025, ranked by multiple factors such as reliability, fees, spreads, swaps, leverage, popularity, and more.

Best Forex Brokers in Philippines for 2025

Best Overall – FBS
Most Popular – FBS
Most Trusted – XM, Axi
Lowest Spread – IC Markets
Best Swap Free – FBS, Exness, OctaFX, HFM
Lowest Minimum Deposit – OANDA
Highest Leverage – Exness
Most Trading Platforms – Pepperstone, Vantage, FP Markets

← If using a mobile phone📱, tap and hold on the table, then scroll to the left to view all content.

Meaning of the colors in the table: First Place Second Place Third Place

#	Broker	Overall Score (Out of 100)	Popularity (Google Monthly Searches)	Trust Score (Out of 100)	Avg. Spread (Point per lot)	Swap (USD per lot per night)	Min. Deposit	Max. Leverage	Platform
1	FBS Open Account↗︎	91.84	14,800	87.50	11.43	0	$5	3,000	MT4, MT5, FBS App
2	Axi Open Account↗︎	91.25	880	98.75	12.74	3	$5	1,000	MT4, MT5, Axi App
3	Exness Open Account↗︎	90.64	8,100	88.75	12.34	0	$10	2,000,000,000	MT4, MT5, Exness App, Exness Terminal
4	IC Markets Open Account↗︎	89.32	2,400	88.75	9.74	7	$100	1,000	MT4, MT5, cTrader, Tradingview, IC Social
5	Pepperstone Open Account↗︎	89.25	880	92.50	12.00	4	$25	500	MT4, MT5, cTrader, TradingView, Pepperstone Trading Platform
6	OANDA Open Account↗︎	89.14	9,900	96.25	12.86	4	$2	50	MT4, MT5, OANDA App, TradingView
7	Vantage Open Account↗︎	78.51	480	85.00	16.14	4	$50	2,000	MT4, MT5, Tradingview, Vantage App, Protrader
8	FP Markets Open Account↗︎	78.39	480	77.50	14.60	4	$25	500	MT4, MT5, FP Markets App, TradingView, cTrader
9	Tickmill Open Account↗︎	73.16	1,000	73.75	16.60	4	$100	1,000	MT4, MT5, TradingView, Tickmill App
10	AvaTrade Open Account↗︎	72.80	480	92.50	19.86	6	$100	400	MT4, MT5, WebTrader, AvaTrade App, AvaOptions
11	OctaFX Open Account↗︎	72.39	1,000	72.50	18.63	0	$50	1,000	MT4, MT5, OctaTrader
12	LiteFinance Open Account↗︎	70.73	1,900	66.25	16.29	4	$10	1,000	MT4, MT5, cTrader, LiteFinance App
13	RoboForex Open Account↗︎	70.45	480	72.50	15.89	8	$10	2,000	MT4, MT5, MobileTrader App
14	HFM Open Account↗︎	69.41	1,600	76.25	21.03	0	$5	2,000	MT4, MT5, HFM App
15	XM Open Account↗︎	64.21	12,100	98.75	25.80	6	$5	1,000	MT4, MT5, XM App
16	FXGT Open Account↗︎	52.06	480	55.00	23.09	6	$5	5,000	MT4, MT5, FXGT App, FXGT Trader

Explanation of the Forex Broker Comparison Table

The primary metric for our ranking, the Overall Score provides a holistic view of a broker's performance. It is a weighted average calculated from three critical components:

Formula: (Trust Score x 40%) + (Spread Score x 40%) + (Swap Score x 20%)

Here’s how the cost-related scores are calculated:

Spread Score: This score is derived from the Avg. Spread value. We use a linear scale normalization method where the broker with the lowest spread (most favorable) receives a score of 100, and the broker with the highest spread receives a score of 25.
Swap Score: This score is based on the combined cost of Swap Long + Swap Short. Using the same linear scale normalization, the broker with the lowest total swap cost (most favorable) is awarded 100 points, while the broker with the highest total swap cost gets 25 points.

This formula places the highest emphasis on trust and core trading costs (spreads), which are paramount for a trader's success and security.

Based on Google Keyword Planner data from August 2024 to July 2025, this figure indicates the average monthly number of searches for a broker's name in Philippines, where a higher number signifies greater popularity.

A broker's credibility is non-negotiable. This score is a comprehensive assessment based on six key factors:

Regulatory Licenses: The quality and number of licenses from reputable financial authorities.
User Reviews: Aggregated feedback from traders on various platforms.
Year Founded: The broker's operational history and longevity.
Search Volume: A measure of public interest and brand relevance.
Trading Platforms: The stability and features of their software.
Tradable Assets: The diversity of the product offering.

For our detailed scoring methodology, please visit: sakainvest.com/trusted-forex-broker-ranking/

The spread is a primary trading cost, representing the difference between the bid and ask price. A lower spread is always better, as it reduces your cost of entry and improves potential profitability.

Our Data: This value is the average spread calculated across 7 major currency pairs (EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, USDCHF, NZDUSD) on a Standard Account. The test was conducted on March 6, 2025, at 13:11 (GMT+7).

This refers to a separate fee charged per trade, typically per lot. The commission is listed as “0” for all brokers in this table because our analysis is based on Standard Accounts, which typically incorporate their fees into the spread rather than charging a separate commission.

Swap, or overnight financing, is the fee charged for holding a position open overnight. It can be a credit or a debit. This is a crucial cost for swing and position traders. A lower (or positive) swap is more favorable.

Our Data: The figure in the table is the sum of the Swap Long and Swap Short values (in USD per 1 lot), representing the combined cost of holding a position overnight.

The minimum initial deposit required to open a live trading account with the broker, listed in USD. A low minimum deposit provides an accessible entry point for new traders.

Leverage allows traders to control a larger position size with a smaller amount of capital. For example, with 1:1000 leverage, you can control a $100,000 position with just $100 of your own capital.

Warning: While high leverage can amplify profits, it also magnifies losses. It is a powerful tool that must be used with a sound risk management strategy.

The software applications provided by the broker for executing trades. MT4 (MetaTrader 4) and MT5 (MetaTrader 5) are the industry standards, known for their robustness and extensive charting tools. Many brokers also offer proprietary platforms and mobile apps.

1.FBS

Open FBS Account↗︎

As the best overall forex broker in the Philippines, FBS distinguishes itself as the most popular choice among local traders, backed by 14,800 average monthly searches on Google. Its most significant advantage is being a completely swap-free broker, earning a perfect swap score of 100. This makes FBS an exceptional option for traders who hold positions overnight or for extended periods, as they do not incur any overnight financing fees.

FBS Summary

Overall Score91.84

Trust Score87.5

Spread Score92.11

Swap Score100

*The full score is 100.

💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	9.40 Points / 1 Lot 21.3 USD / 1 Lot 0.0354% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	5 USD
💵 Minimum Withdrawal	5 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, FBS App
⚖️ Maximum Leverage	1:3000

2.Axi

Open Axi Account↗︎

Axi is the most trusted forex broker in the Philippines, a title it shares with XM. It achieves the highest possible Trust Score of 98.75 in this ranking, underscoring its commitment to security, regulatory compliance, and a long-standing positive reputation. For Filipino traders who prioritize the safety of their funds and a highly credible trading environment, Axi stands out as a premier choice.

Axi Summary

Overall Score91.25

Trust Score98.75

Spread Score85.99

Swap Score86.76

👮‍♂️ Trust Score	98.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	13 Points / 1 Lot 16 USD / 1 Lot 0.0218% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-6 (USD per lot per night) +3 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-40 (USD per lot per night) 17 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-35 (USD per btc per night) -12 (USD per btc per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	5 USD
💵 Minimum Withdrawal	5 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, Axi App
⚖️ Maximum Leverage	1:1000

3.Exness

Open Exness Account↗︎

Exness is the best forex broker in the Philippines for traders seeking the highest leverage, offering a virtually unlimited leverage of up to 1:2,000,000,000. This unparalleled feature allows for maximum trading flexibility and capital efficiency. Furthermore, Exness is also recognized as one of the best swap-free brokers, making it highly attractive for traders employing strategies that involve holding positions overnight without incurring swap charges.

Exness Summary

Overall Score90.64

Trust Score88.75

Spread Score87.86

Swap Score100

👮‍♂️ Trust Score	88.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	9 Points / 1 Lot 16 USD / 1 Lot 0.0281% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	10 USD
💵 Minimum Withdrawal	10 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, Exness App, Exness Terminal
⚖️ Maximum Leverage	1:2,000,000,000

4.IC Markets

Open IC Markets Account↗︎

IC Markets is the lowest spread forex broker in the Philippines, achieving a perfect score of 100 in the spread category. It offers an exceptionally low average spread of just 8 points per lot on the EUR/USD pair, making it the undisputed leader for traders who want to minimize their trading costs. This makes IC Markets the ideal choice for scalpers, day traders, and those who use high-frequency trading strategies.

IC Markets Summary

Overall Score89.32

Trust Score88.75

Spread Score100

Swap Score69.12

👮‍♂️ Trust Score	88.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	8 Points / 1 Lot 19.4 USD / 1 Lot 0.0242% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-9 (USD per lot per night) +2 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-42 (USD per lot per night) +21 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-47 (USD per lot per night) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	100 USD
💵 Minimum Withdrawal	1 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, Bonds, Futures
🖥️ Trading Platform	MT4, MT5, cTrader, Tradingview, IC Social
⚖️ Maximum Leverage	1:1000

5.Pepperstone

Open Pepperstone Account↗︎

Pepperstone is recognized for offering the most trading platforms for traders in the Philippines. It provides an extensive selection that includes MT4, MT5, cTrader, and TradingView, catering to a wide range of trading preferences and strategies. This variety ensures that whether a trader is a beginner or a seasoned professional, they can find a platform that perfectly suits their analytical and execution needs.

Pepperstone Summary

Overall Score89.25

Trust Score92.5

Spread Score89.45

Swap Score82.35

👮‍♂️ Trust Score	92.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	10 Points / 1 Lot 13 USD / 1 Lot 0.0269% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-8 (USD per lot per night) +4 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-42 (USD per lot per night) +23 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-43 (USD per lot per night) +8 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	25 USD
💵 Minimum Withdrawal	80 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, ETF
🖥️ Trading Platform	MT4, MT5, cTrader, TradingView, Pepperstone Trading Platform
⚖️ Maximum Leverage	1:500

6.OANDA

Open OANDA Account↗︎

OANDA is the forex broker with the lowest minimum deposit in the Philippines, requiring just $2 to open a live account. This extremely low barrier to entry makes it the most accessible broker for new traders who want to start with a small amount of capital. It provides an excellent opportunity for beginners to experience real market conditions without a significant financial commitment.

OANDA Summary

Overall Score89.14

Trust Score96.25

Spread Score85.43

Swap Score82.35

👮‍♂️ Trust Score	96.25
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	9.40 Points / 1 Lot 21 USD / 1 Lot 0.0557% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-5 (USD per lot per night) +1 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-24 (USD per lot per night) +13 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-37 (USD per lot per night) -26 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	2 USD
💵 Minimum Withdrawal	20 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, OANDA App, TradingView
⚖️ Maximum Leverage	1:50

7.Vantage

Open Vantage Account↗︎

Vantage stands out as one of the brokers with the most trading platforms available in the Philippines. Traders can choose from a comprehensive suite of software, including MT4, MT5, TradingView, the proprietary Vantage App, and ProTrader. This diverse offering gives Filipino traders the flexibility to use industry-standard platforms or specialized software tailored to their specific trading style.

Vantage Summary

Overall Score78.51

Trust Score85

Spread Score70.11

Swap Score82.35

👮‍♂️ Trust Score	85.00
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	13.40 Points / 1 Lot 22 USD / 1 Lot 0.1124% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-7 (USD per lot per night) +3 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-38 (USD per lot per night) +18 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	50 USD
💵 Minimum Withdrawal	30 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, ETF, Bonds
🖥️ Trading Platform	MT4, MT5, Tradingview, Vantage App, Protrader
⚖️ Maximum Leverage	1:2000

8.FP Markets

Open FP Markets Account↗︎

FP Markets is a top choice for platform variety in the Philippines, sharing the distinction for offering the most trading platforms. Its selection includes the popular MT4 and MT5, cTrader, TradingView, and its own FP Markets App. This wide array of options makes FP Markets a highly versatile broker, appealing to traders who require powerful charting tools and diverse execution environments.

FP Markets Summary

Overall Score78.39

Trust Score77.5

Spread Score77.3

Swap Score82.35

👮‍♂️ Trust Score	77.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	11.40 Points / 1 Lot 19.40 USD / 1 Lot 0.0283% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-5 (USD per lot per night) +1 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-30 (USD per lot per night) +5 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-47 (USD per lot per night) -5 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	25 USD
💵 Minimum Withdrawal	25 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, Bonds, ETF
🖥️ Trading Platform	MT4, MT5, FP Markets App, TradingView, cTrader
⚖️ Maximum Leverage	1:500

9.Tickmill

Open Tickmill Account↗︎

Tickmill Summary

Overall Score73.16

Trust Score73.75

Spread Score67.97

Swap Score82.35

👮‍♂️ Trust Score	73.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	16.60 Points / 1 Lot 24 USD / 1 Lot No data
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-8 (USD per lot per night) +4 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-41 (USD per lot per night) +22 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	100 USD
💵 Minimum Withdrawal	25 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, Bonds
🖥️ Trading Platform	MT4, MT5, TradingView, Tickmill App
⚖️ Maximum Leverage	1:1000

10.AvaTrade

Open AvaTrade Account↗︎

AvaTrade Summary

Overall Score72.8

Trust Score92.5

Spread Score52.74

Swap Score73.53

👮‍♂️ Trust Score	92.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	13 Points / 1 Lot 30 USD / 1 Lot 0.0986% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-45 (USD per lot per night) +24 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-30 (USD per lot per night) +5 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-40 (USD per lot per night) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	100 USD
💵 Minimum Withdrawal	100 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, ETF, Bonds
🖥️ Trading Platform	MT4, MT5, WebTrader, AvaTrade App, AvaOptions
⚖️ Maximum Leverage	1:400

11.OctaFX

Open OctaFX Account↗︎

OctaFX is a leading swap-free forex broker in the Philippines, earning a perfect score of 100 for its swap conditions. By offering trading accounts with no overnight fees, OctaFX provides a significant cost-saving advantage for swing and position traders. This makes it a strong choice for Filipinos whose trading strategies involve holding positions for multiple days.

OctaFX Summary

Overall Score72.39

Trust Score72.5

Spread Score58.48

Swap Score100

👮‍♂️ Trust Score	72.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	10.60 Points / 1 Lot 30 USD / 1 Lot 0.0363% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	50 USD
💵 Minimum Withdrawal	10 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, OctaTrader
⚖️ Maximum Leverage	1:1000

12.LiteFinance

Open LiteFinance Account↗︎

LiteFinance Summary

Overall Score70.73

Trust Score66.25

Spread Score69.41

Swap Score82.35

👮‍♂️ Trust Score	66.25
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	15.00 Points / 1 Lot 39 USD / 1 Lot 0.1873% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-7 (USD per lot per night) +3 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-54 (USD per lot per night) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-58 (USD per lot per night) -58 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	10 USD
💵 Minimum Withdrawal	10 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, cTrader, LiteFinance App
⚖️ Maximum Leverage	1:1000

13.RoboForex

Open RoboForex Account↗︎

RoboForex Summary

Overall Score70.45

Trust Score72.5

Spread Score71.28

Swap Score64.71

👮‍♂️ Trust Score	72.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	13.40 Points / 1 Lot 19.70 USD / 1 Lot Not available for trading
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-9 (USD per lot per night) +1 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-29 (USD per lot per night) -3 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	Not available for trading Not available for trading
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	10 USD
💵 Minimum Withdrawal	10 USD
📊 Instruments	Forex, ETF, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, MobileTrader App
⚖️ Maximum Leverage	1:2000

14.HFM

Open HFM Account↗︎

HFM is a top swap-free broker for traders in the Philippines, achieving a perfect swap score of 100. This feature is a major benefit for traders who keep their positions open overnight, as it completely eliminates swap or rollover costs. HFM's commitment to providing a swap-free environment makes it a cost-effective option for long-term traders.

HFM Summary

Overall Score69.41

Trust Score76.25

Spread Score47.28

Swap Score100

👮‍♂️ Trust Score	72.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	16.60 Points / 1 Lot 28.50 USD / 1 Lot 0.0472% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-19 (USD per lot per night) -9 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	5 USD
💵 Minimum Withdrawal	5 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, Bonds, ETF
🖥️ Trading Platform	MT4, MT5, HFM App
⚖️ Maximum Leverage	1:2000

15.XM

Open XM Account↗︎

XM is the most trusted forex broker in the Philippines, alongside Axi, boasting a top-tier Trust Score of 98.75. With 15 years in the industry and a strong regulatory framework, XM has built a formidable reputation for reliability and fund safety. For Filipino traders who place the highest importance on credibility and security, XM is an industry-leading choice.

XM Summary

Overall Score64.21

Trust Score98.75

Spread Score25

Swap Score73.53

👮‍♂️ Trust Score	98.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	20.60 Points / 1 Lot 37.10 USD / 1 Lot 0.0727% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-9 (USD per lot per night) +3 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-43 (USD per lot per night) +18 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-35 (USD per lot per night) -35 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	5 USD
💵 Minimum Withdrawal	5 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, XM App
⚖️ Maximum Leverage	1:1000

16.FXGT

Open FXGT Account↗︎

FXGT offers exceptionally high leverage for forex traders in the Philippines, with a maximum leverage of 1:5000. This allows traders to control significantly larger positions with a smaller amount of capital. For experienced traders who are comfortable with the associated risks, this high leverage can be a powerful tool to maximize potential returns on their trading strategies.

FXGT Summary

Overall Score52.06

Trust Score55

Spread Score38.39

Swap Score73.53

👮‍♂️ Trust Score	55
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	20.20 Points / 1 Lot 35.30 USD / 1 Lot 0.0739% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-7 (USD per lot per night) +1 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-19 (USD per lot per night) +5 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-61 (USD per lot per night) +24 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	5 USD
💵 Minimum Withdrawal	5 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, FXGT App, FXGT Trader
⚖️ Maximum Leverage	1:5000

How to Choose the Best Forex Broker in the Philippines

The forex market continues to gain significant traction in the Philippines, attracting both new and seasoned traders. However, your success heavily depends on the broker you choose. With countless options available, finding a reliable partner can be daunting. This guide will walk you through the essential factors to consider, using a data-driven approach to help you select the best forex broker in the Philippines for your trading needs.

1. Regulation and Trust: The Cornerstone of Your Security

Before you even look at spreads or leverage, the absolute first step is to verify a broker's regulatory status. A regulated broker is required to adhere to strict financial standards, including the segregation of client funds, ensuring your money is protected.

When evaluating a broker's credibility, consider a comprehensive Trust Score. This score is a vital metric that should assess several key factors:

Regulatory Licenses: The number and quality of licenses from top-tier authorities like ASIC (Australia), CySEC (Cyprus), and the FCA (UK) are paramount.
Years in Business: A long operational history often indicates a broker's stability and resilience in the market.
User Reviews: Feedback from other Filipino traders provides real-world insights into a broker's performance.
Brand Relevance: High search volume can indicate public interest and a strong brand presence in the Philippines.

For instance, brokers like

XM and Axi are often recognized for their high Trust Scores, reflecting strong regulatory frameworks and a long-standing reputation in the industry. Never compromise on regulation; it's your primary safety net.

2. Trading Costs: Spreads, Commissions, and Swaps

Your trading costs directly impact your profitability. These are primarily composed of spreads, commissions, and swaps.

Spreads: The spread is the difference between the buy (ask) and sell (bid) price of a currency pair and is a primary cost of trading. A lower or “tighter” spread is always more favorable as it reduces your transaction costs. When looking for the “lowest spread broker Philippines,” it's crucial to check their average spreads on major pairs like EUR/USD. Based on recent data, IC Markets has demonstrated exceptionally low average spreads on its standard accounts.
Commissions: While many brokers offer “commission-free” standard accounts where costs are built into the spread, some raw or ECN accounts charge a fixed commission per trade in exchange for much tighter spreads. For this guide, the focus is on standard accounts, which are popular among traders and typically feature zero commission.
Swaps: A swap, or overnight financing fee, is charged when you hold a position open overnight. This is a critical cost for swing and position traders. Some brokers offer swap-free accounts, which can be highly beneficial. In the Philippine market, brokers such as FBS, Exness and OctaFX are noted for providing excellent swap-free conditions on many instruments.

3. Trading Platforms and Technology

The trading platform is your gateway to the markets. It needs to be stable, fast, and user-friendly.

Industry Standards (MT4/MT5): MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the global industry standards, renowned for their advanced charting tools, extensive libraries of indicators, and support for automated trading via Expert Advisors (EAs). Most reputable brokers catering to Filipino traders offer both.
Proprietary Platforms: Many brokers also develop their own proprietary web and mobile trading apps. These can offer unique features and a more streamlined user experience.
Platform Variety: For traders who want maximum flexibility, some brokers offer an extensive range of platforms. Pepperstone and FP Markets, for example, provide access to MT4, MT5, cTrader, and TradingView, catering to nearly every trading style.

4. Account Types, Leverage, and Deposits

A good broker should offer account options that fit your capital and risk tolerance.

Minimum Deposit: For beginners, a low minimum deposit provides an accessible entry point to live trading. While some brokers require hundreds of dollars, others are more accommodating. For instance, OANDA offers one of the lowest entry barriers with a minimal deposit requirement.
Leverage: Leverage allows you to control a large position with a small amount of capital. While “high leverage forex broker Philippines” is a popular search term, it's a double-edged sword. High leverage can amplify profits, but it also dramatically increases the risk of loss. Exness is known for offering exceptionally high leverage, but this tool should be used with extreme caution and a solid risk management strategy.

5. Local Presence and Popularity in the Philippines

Finally, consider factors that directly enhance the trading experience for Filipinos.

Local Support and Funding: Look for brokers that offer customer support in English or Filipino. Equally important are convenient deposit and withdrawal methods, such as local bank transfers, GCash, or other popular e-wallets.
Popularity: A broker's popularity can be a strong indicator of its service quality and reputation within a country. Based on monthly Google search data in the Philippines, FBS and XM are among the most popular and searched-for brokers, suggesting significant brand trust and market penetration in the region.

FAQ

Based on the overall score, which looks at trust, spreads, and swap fees, FBS comes out on top as the best overall Forex broker in the Philippines. It received an impressive overall score of 91.84 out of 100.

When it comes to popularity, FBS is the clear leader. They get around 14,800 Google searches every month from people in the Philippines, which is the highest among all the brokers reviewed.

If trust is your main concern, you've got two top choices:

XM and Axi. Both of them scored an exceptionally high Trust Score of 98.75 out of 100. This score is based on factors like regulatory licenses, how long they've been in business, and user reviews.

For traders looking for the tightest spreads,

IC Markets is the one to beat. They scored a perfect 100 in the spread score analysis, meaning their average spreads across major currency pairs are the lowest available. Their average spread is just 9.74 points per lot.

If you hold trades overnight and want to avoid swap fees, you have several great options. The brokers offering swap-free accounts are FBS, Exness, OctaFX, and HFM. This is a big plus for swing or position traders.

For those who want to start trading with a small amount of capital, OANDA has the lowest entry requirement. You can open an account with them for just $2. Several other brokers like FBS, XM, and HFM also offer low minimum deposits of just $5.

Exness offers the highest leverage in the market, going up to an incredible 1:2,000,000,000. Just a heads-up, while high leverage can boost your profits, it also seriously increases your risk, so always use it carefully and have a solid risk management plan .

Choosing the right broker really depends on what's important to you as a trader. Here's a good way to break it down, based on the key factors used in the analysis:

Trust and Safety: First thing's first, check their Trust Score. Look for brokers with strong regulatory licenses and a long history in the business.
Trading Costs: Keep your costs down by looking at the spreads and swap fees. A broker with low spreads, like IC Markets, means more of the profit stays in your pocket. If you hold trades for days, a swap-free broker like FBS or Exness is a game-changer.
Your Trading Style: Are you just starting out? Look for a low minimum deposit. Do you need high leverage? Then Exness might be your pick. Also, make sure they offer the trading platforms you like, such as MT4 or MT5.

By weighing these factors, you can find a broker that's the perfect fit for your strategy.

If you're a gold trader, you know how much spreads can affect your profit. The broker with the lowest average spread on Gold (XAUUSD) is

Pepperstone, with a tight spread of 13 USD per lot. The next best options are

Axi and Exness, who are tied with an average spread of 16 USD per lot.

For beginners, the best choice is usually a broker that is highly trusted, easy to start with, and has low costs. Based on the data, a great option would be XM or Axi. Here's why:

High Trust: They have the highest Trust Score (98.75), so you can feel secure as you're learning the ropes.
Low Entry Barrier: Both have a minimum deposit of just $5, so you don't need a lot of money to get started.

Another excellent choice is

OANDA, simply because its $2 minimum deposit is the absolute lowest, making it super accessible for anyone wanting to try live trading without a big commitment.