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.

Fx Philippines does NOT recommend FreshForex due to insufficient regulation. We suggest that you find an alternative regulated broker governed by processes designed to protect your funds. FreshForex supports both MT4 and MT5 and has a wide range of asset classes to trade. With low minimum deposits and an ECN trading desk, FreshForex may appear attractive to new traders. However, with a lack of transparency in their trading conditions on the ECN account, and a lack of credible regulation, FreshForex should be avoided by traders.

With a strong focus on customer satisfaction, FXPrimus is renowned for its personalised customer support, free deposits and withdrawals, and provision of negative balance protection for all clients.  However, trading fees on its entry-level accounts are significantly higher than other brokers.  Globally acclaimed for offering one of the fastest and most secure online trading environments, FXPrimus's trading platform support is one of the best in the industry, with MT4, MT5, and cTrader all available. It also offers a number of trading tools, including a VPS service at an extra cost, FIX API, and premium trader tools.  FXPrimus's entry-level accounts accommodate beginner traders with minimum deposits of [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"], spreads averaging at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] - 1.7 pips on the EUR/USD, which is wider than other brokers, but with no commissions. Its other accounts offer very competitive spreads which will appeal to more experienced traders, but these have higher minimum deposits. A multi-asset broker, FXPRIMUS offers trading on Forex, commodities, indices, share CFDS, and cryptocurrencies, but the number of assets in each class is limited compared to what's available at other brokers. It also lacks educational and market analysis content, forcing traders to self-educate with other third-party materials.

With a broad range of tradable instruments, excellent platform support, and fixed spread accounts, InstaForex appeals to traders who prefer predictable trading conditions. However, InstaForex's trading costs are significantly higher than average across all four of its trading accounts. A well-regulated broker, InstaForex offers trading on shares, indices, commodities, metals, energies, cryptocurrencies, futures, and over 100 Forex pairs - a much larger range than is typically available at other brokers.   InstaForex offers four live instant execution accounts, all with a minimum deposit of [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"]. Spreads are fixed at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips (EUR/USD) on its commission-free accounts and 0 pips (EUR/USD) on it's commission-based accounts in exchange for a commission of 30 USD (round turn) per lot traded.  These trading costs are significantly higher than other brokers, but don't vary with trade volume or market volatility.   Both the MT4 and MT5 trading platforms are available, alongside two of InstaForex’s own web-based platforms. It also offers numerous trading tools, including VPS hosting services, various copy trading applications, and a number of technical analysis tools.  One drawback is that the educational materials are poorly presented and lack depth, making it a poor choice for beginner traders.  However, InstaForex's market analysis materials are detailed and frequently updated to help traders make better trading decisions. InstaForex appeals to Filipino traders as its website is fully translated into Hindi, and local customer service is available 24/5 in both English and Hindi.  

IKOFX, also known as IKO Global Limited, is an STP broker registered in Vanuatu but unregulated. It has support for MT5 and leverage up to 1:1000 on its Mini Account. With simple account options, one-click trade execution, and optional swap-free Islamic accounts.  Intermediate and advanced traders will enjoy the updates to the MetaTrader 4 platform that IKOFX have built by themselves and can take advantage of hedging and scalping, and fast execution and minimal slippage on the ECN account.