Established in 1996, OANDA is a well-regulated multi-disciplinary financial services provider with a CFD trading division. OANDA appeals to beginner traders, with a comprehensive education suite, low minimum deposit accounts, and its focus on the popular MetaTrader trading platforms.    Spreads start at 1.0 pips (EUR/USD) on its commission-free, no deposit, beginner-friendly account, which is average compared to other brokers, but suitable for beginner traders who don’t want to risk large amounts of capital. Additionally, OANDA offers a raw spread account, with spreads starting at 0,2 pips on the EUR/USD and a commission of 4 USD (round turn) in exchange for a minimum deposit of 5000 USD for the serious beginner.  OANDA also offers trading on 45 Forex pairs, 16 indices, 8 commodities, 2 metals, and 4 cryptocurrencies, which is limited compared to other similar brokers, but adequate for traders starting out in the forex trading space.    Support is offered for MT4 and MT5, and beginner traders will find the wide community MT4 and MT5 support a big advantage.  Additionally, beginners have access to a comprehensive education suite to get their trading careers underway.  It is important to note that negative balance protection is not provided for Filipino traders.  

A well-regulated broker, XTB will appeal to traders looking for a wide choice of tradable instruments, top-class educational materials, and excellent market analysis. However, traders should note that support is only offered for XTB’s in-house platform, xStation5. XTB has two accounts with no minimum deposit requirements, but trading costs are slightly higher than most other brokers. XTB offers trading on over 2100 financial assets, a wider range than is typically seen at other brokers, including 57 Forex pairs. Educational support for beginners is excellent, and XTB also publishes frequent market commentary and trading ideas in its Market News section. One drawback is that XTB no longer supports the MT4 trading platform, so all clients have to use XTB’s in-house platform, xStation 5 - though it has won awards for its functionality, fast execution speeds, and intuitive design.

One of the most popular brokers in Philippines and the largest CFD broker in the world by revenue, IG Markets has two low-cost trading accounts - one of which provides direct market access. With possibly the widest range of CFDs in the world, IG Markets offers trading on over 17,000 instruments, including Forex, indices, share CFDs, commodities, cryptocurrencies, digital 100s, options, ETFs, bonds, and interest rates.   On both accounts – the OTC Account and the DMA Account - IG Market’s trading costs are low compared to other similar brokers, with no minimum deposit requirements and tight spreads, averaging [fxs-broker-property identifier="eur_usd"] pips on the EUR/USD.  IG Markets offers trading on its own award-winning platform, as well as MT4 and L2 Dealer - a DMA specific platform for experienced traders. In addition to a wide range of trading tools, IG Markets also provides a world-class selection of educational and market analysis materials to get new traders started.  Overall, both beginner and experienced Forex traders won’t find a much better broker than IG Markets, and it is one of our highest-rated brokers for good reason. Combined with regulation from the FCA and ASIC, a long history of satisfied clients, and vast industry recognition, IG Markets is hard to beat.

One of the most respected Forex brokers in the industry, FxPro is well regulated and has a much larger client base than most other brokers, with over 870 000 clients in 173 countries. FxPro offers a no-dealing desk execution model and trading on six asset classes, including Forex, shares, indices, futures, metals, and energies.   FxPro offers eight live accounts, with industry-average trading costs.  Spreads start at 1.20 pips (EUR/USD) on its Metatrader accounts and 0.2 pips on its Raw accounts in exchange for a commission of 7 USD round turn.  Additionally, FxPro offers very little in the way of education and market analysis materials, making it a poor choice for beginner traders.   FxPro also offers a number of trading tools, including free access to Trading Central, a number of calculators, and a VPS service at an additional cost, which is in line with what is offered at other brokerages. 

With oversight from some of the top international regulators and a wide range of flexible account choices, IronFX appeals to Filipino traders looking for a well-regulated MT4 broker with a low-deposit Cent Account and a large number of Forex pairs. Trading is offered on multiple assets, including commodities, indices, metals, futures, shares, and over 80 Forex pairs, a larger range than is typically seen at other brokers. Traders can choose between seven live flexible accounts, including a low-deposit Cent Account that appeals to beginners who prefer to make smaller trades measured in micro-lots.  Some drawbacks for traders considering IronFX are that platform support is limited to MT4, and there are few educational and market analysis materials available, forcing traders to self-educate with other third-party platforms.