- 180+ Forex brokers reviewed using the latest data.
- Helpful broker lists so you can compare them side-by-side.
- Detailed and independent expert reviews written from rigorous testing and research.
- Find a trustworthy broker that suits you.
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Best Forex Brokers
Our top-rated Forex brokers
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Brokers for Beginners
Start trading here
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ECN Brokers
Trade with Direct Market Access
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Forex Demo Accounts
Learn to trade with no risk
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Lowest Spread Brokers
Raw spreads & low commissions
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Islamic Account Brokers
Best accounts for Muslim traders
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Market Maker Brokers
Fixed spreads & instant execution
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MetaTrader 4 Brokers
Top MT4 brokers in Philippines
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MetaTrader 5 Brokers
Top MT5 brokers in Philippines
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cTrader Brokers
Top cTrader brokers in Philippines
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All Trading Platforms
Find a platform that works for you
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Copytrading Brokers
Copy professional traders
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Forex Trading Apps
Trade on the go from your phone
Forex Broker Ratings
Discover our top ranked brokers!
FxScouts Podcasts
Season 3 just dropped! We cover how to minimise risk in Forex trading, trading psychology, Forex terminology, trading strategies, and interviews with top brokers.
Events & Webinars
Your one-stop shop for free educational events and webinars for traders of all experience levels from the best brokers in the world. These events cover all aspects of trading, including trading basics, fundamental analysis, technical analysis and more.
Discovering Reliable and Regulated Forex Brokers: Your Ultimate Guide
Access our comprehensive, up-to-date list of the best Forex brokers in the Philippines, complete with in-depth reviews and ratings. We grade each broker using over 200 metrics and strictly evaluate them based on their regulation, fees, platform options, education, and customer support.
Our evaluation is combined with input from real traders in order to give you a well-rounded picture of each broker’s strengths and weaknesses. Use our site to find the broker that suits your trading goals, experience level, and budget, and find out more about their latest promotions and bonuses.
Our Top Rated Forex Brokers 2024
RegulatorsB.V.I FSC, CMA, FSC
- LeverageUnlimited:1
- PlatformsMT4, MT5, Exness Terminal
- Min. Spread0.1
- Broker TypesMarket Maker
- Min. DepositUSD 3
RegulatorsASIC, CySEC, SCB
- Leverage30:1
- PlatformsMT4, MT5, cTrader
- Min. Spread0.1
- Broker TypesECN/DMA
- Min. DepositUSD 200
RegulatorsASIC, CySEC, DFSA
- Leverage1000:1
- PlatformsMT4, MT5, xm
- Min. Spread0.6
- Broker TypesMarket Maker
- Min. DepositUSD 5
Unlock the Secrets to Successful Forex Trading in the Philippines
Forex trading is accessible to everyone and offers the potential for significant returns, but it is important to approach it cautiously to avoid losing money. Forex traders in the Philippines should choose a reputable and regulated broker to avoid getting scammed, educate themselves on Forex trading, create a trading plan and stick to it, develop a risk management strategy, practice trading on a demo account, stay informed and educated, and follow the global financial market news.
Latest Forex News and Analysis
Keep up to date with the latest market news and analysis. Our research team keeps a close eye on developments in the financial markets and Forex industry.
FxScouts Podcasts
Season 3 just dropped! We cover how to minimise risk in Forex trading, trading psychology, Forex terminology, trading strategies, and interviews with top brokers.
Best Forex Brokers for Beginners
Explore top forex brokers tailored for beginners, ensuring a smooth start in the trading world.
Compare Forex Brokers Side-by-Side Using Complete and Accurate Data.
We are big believers in transparency. To help you make an informed choice, we publish our comprehensive broker comparison process and constantly update our State of the Forex Market report.
ExnessXM
RegulatorsFSCA, FSA-SeychellesCySEC, ASIC
LeverageUnlimited:11000:1
PlatformsMT4, MT5MT4, MT5
Min. Spread0.1 pips0.6 pips
Min. DepositUSD 3USD 5
IC MarketsFXCC
RegulatorsCySEC, ASICCySEC
Leverage30:1500:1
PlatformsMT4, MT5MT4
Min. Spread0.1 pips0.1 pips
Min. DepositUSD 200USD 0
XMHFM
RegulatorsCySEC, ASICCySEC, FCA
Leverage1000:12000:1
PlatformsMT4, MT5MT4, MT5
Min. Spread0.6 pips0.0 pips
Min. DepositUSD 5USD 0
What is Forex Trading
Forex trading, derived from Foreign Exchange, is the process of exchanging one currency for another through secure online platforms connected to Forex brokers. Forex trading is a popular way for Filipinos to profit from trading the world’s largest financial market, with a daily trading volume of over $5.3 trillion. It is illegal to trade with local Forex brokers in the Philippines, and the Securities Exchange Commission (SEC) regularly warns against local Forex scams.
As a result, Filipino Forex traders have to use foreign “offshore” Forex brokers in order to trade securely and fund their trading via online payment providers. Every day, thousands of Filipino traders buy and sell currency pairs, such as the EUR/USD, hoping to make a profit through the fluctuations in exchange rates. It´s difficult to predict the changes in exchange rates between currencies. They are determined by complex economic, political, and technical factors, making Forex trading both a risky yet potentially profitable career.
Access all our Forex Guides
When it comes to navigating the world of Forex trading, our team conducts extensive research to bring you the most reliable, unbiased broker reviews. We also provide insightful guides that tackle all kinds of questions to help you make the right choice based on your trading needs. Access all our broker reviews, top lists, and guides here.
Major Currency Pairs
EUR/USD
Find the top brokers for trading the EUR/USD currency pair. Get access to live charts, up-to-date news and market analysis.
GBP/USD
Discover the best brokers for trading GBP/USD. Stay informed with live charts, current news and market analysis.
USD/CHF
Trade the USD/CHF currency pair using the top brokers. Access market trends, real-time charts and expert analysis.
USD/JPY
Trade the USD/JPY currency pair with top brokers. Stay informed with live charts, news, and market analysis.
About us
We’re a global team of Forex professionals. Our mission is to decrease the number of people who get scammed or lose money in Forex trading by providing education, highlighting serious brokers, and assisting Forex traders in finding the best-regulated broker for their needs. We test and review Forex brokers and create high-quality and meaningful educational content that furthers our readers’ interest in trading and education.
To read more about our methodology and how we rate Forex brokers, read all about our review process here. When you sign up for an account through our links, we sometimes earn a commission, which enables us to continue making our website better for you. To read more about who we are, how to contact us, and how we work, read our about us page.
FxScouts Philippines is wholly owned and operated by FxScouts Group AB, a privately held company founded in 2012. FxScouts Group AB is registered in Nyköping, Sweden and owns and manages all the brands and domains in the FxScouts network.
