Fx Philippines does NOT recommend ForexMart due to insufficient regulation. We suggest that you find an alternative regulated broker governed by processes designed to protect your funds. With only a little educational material to teach traders how to learn to trade successfully and a lack of transparency in the spreads and commissions, there is cause for concern. While ForexMart claims to have a fast withdrawal system, each withdrawal includes a fee that would not be applied at most other credible brokerages. Our primary concern with ForexMart, however, is their lack of credible regulation.

With a large number of Forex pairs and a near equally large number of trading account types, SuperForex seems to be throwing the doors open to as many clients as possible. A little additional digging uncovers very wide spreads on the Market Maker STP accounts, and massive non-transparent commissions on the ECN accounts. Weak IFSC regulation provides limited oversight of SuperForex. When coupled with an insufficient level of educational material for beginner clients, we question whether SuperForex is the right choice for beginner traders looking for a trusted broker.

Fortrade may appeal to traders who prefer a simple account structure and a wide variety of CFDs to trade. However, traders should be aware that Fortrade's trading costs are significantly higher than other similar brokers. Its single commission-free account has a low minimum deposit requirement of [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"], but extremely wide spreads that average at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips on the EUR/USD.  Fortrade offers a diverse range of trading assets, including specialty CFDs such as bonds and stock DMAs that are rarely found at other brokers. Its trading platforms include MT4 and a user-friendly proprietary platform, optimised for both desktop and mobile trading.  Fortade's education and analysis section is comprehensive and will be useful for beginner and advanced traders alike, with frequent in-house market analysis of the European and US sessions. 

With a variety of low-deposit accounts, including a Cent Account with excellent trading conditions, FIBO Group appeals to beginner traders looking to reduce their risk. However, beginners will be disappointed at the lack of educational and market analysis materials available.  FIBO Group offers six live accounts with various spread/commission combinations and execution choices available on all three major trading platforms - MT4, MT5, and cTrader. Trading conditions are average compared to other brokers across all six accounts, but FIBO Group's non-trading fees are high, including fees for deposits, withdrawals, and inactivity fees.  Although trading tools are limited, beginners will be able to subscribe to sophisticated automated trading signals and for PAMM accounts. FIBO Group also offers a relatively disappointing range of CFDs, but what is available should be enough to satisfy most beginners.

Fx Philippines does NOT recommend FX Open due to insufficient regulation. We suggest that you find an alternative regulated broker governed by processes designed to protect your funds. FX Open offers clients the full MetaTrader suite, ample ways to deposit money on their platform, and a variety of trading account using either STP or ECN execution. Our concern for new traders signing up with this FX Open is the lack of regulation and governmental oversight, and lack of transparency in how they publish their spreads and trading commission.