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FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. For more detailed information click this link.
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience in finance and technology. His interest in geopolitics, big data, and market sentiment drives his analysis of global market trends, with unbiased, well-researched content to help traders navigate the markets confidently.
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.
FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. For more detailed information click this link.
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience in finance and technology. His interest in geopolitics, big data, and market sentiment drives his analysis of global market trends, with unbiased, well-researched content to help traders navigate the markets confidently.
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.
Since its inception in 2009, Bitcoin has become a magnet for investors and traders alike. Often described as “digital gold,” it is world’s leading alternative asset, attracting investor interest due to its decentralised nature and explosive price movements. This volatility—and the broader crypto market’s rapid growth—has paved the way for innovative products like crypto CFDs. These contracts for difference allow you to speculate on the price of Bitcoin, Ethereum, and altcoins—whether they rise or fall.
At FxScouts, we’ve tested many crypto brokers using real accounts, evaluating over 200 data points on regulation, trading costs, platforms, and local accessibility. This guide explores how crypto CFDs work, highlights key benefits and risks, and presents our top-rated brokers for Filipino traders.
Trusted. Transparent. Tested.
For over a decade, we’ve set the standard in forex broker reviews—collecting thousands of data points yearly to deliver unbiased, expert-backed insights.
Skip the trial and error! Below, you’ll find the best forex brokers in the Philippines for 2026—thoroughly tested, verified, and ranked, so you can trade with confidence.
Although the Securities and Exchange Commission (SEC) of the Philippines does not regulate retail Forex brokers, traders in the Philippines should exercise caution and only trade with brokers regulated by top-tier global authorities such as ASIC (Australia), the FCA (UK), and CySEC (Europe). These are among the world’s strictest Forex regulators, ensuring a secure and transparent trading environment.
Choosing a well-regulated broker offers key protections:
Tip: Always check if a broker is regulated by at least one top-tier authority before opening an account to ensure your funds are protected and trading conditions are fair.
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Broker | Overall Rating Our overall rating evaluates brokers on platform quality, fees, service, regulation, and instruments. Higher scores reflect better performance and reliability. | Official Site Click to visit the broker’s official website for more information and to open an account. | Min. Deposit The minimum amount of money required to open an account with this broker. | Copy Trading | Regulators Displays the financial regulators licensing the broker, shown by national flags, ensuring compliance with financial standards for safer trading. | Platforms | Compare Select two brokers using the checkboxes to compare their features, fees, platforms, and more side by side. | |
|---|---|---|---|---|---|---|---|---|
4.59 / 5 | Visit Broker 76% of retail CFD accounts lose money | USD 100 | 30 | Yes | MT4, MT5, Avatrade Social, AvaOptions | |||
4.46 / 5 | Visit Broker 72.31% of retail CFD accounts lose money | USD 200 | 18 | Yes | MT4, MT5, cTrader, TradingView | |||
4.60 / 5 | Visit Broker N/A of retail CFD accounts lose money | USD 100 | 11 | Yes | MT4, MT5, cTrader, TradingView | |||
4.34 / 5 | Visit Broker 77.41% of retail CFD accounts lose money | USD 10 | 25 | Yes | MT4, MT5, NAGA Web App | |||
4.49 / 5 | Visit Broker 72.00% of retail CFD accounts lose money | USD 0 | 49 | No | xStation5 | |||
4.45 / 5 | Visit Broker 74.3% of retail CFD accounts lose money | USD 5 | 60 | Yes | MT4, MT5 | |||
4.41 / 5 | Visit Broker 89% of retail CFD accounts lose money | AUD 0 | 13 | Yes | MT4, MT5, cTrader, TradingView | |||
4.71 / 5 | Visit Broker 72.9% of retail CFD accounts lose money | USD 0 | 30 | No | MT4, MT5, cTrader, TradingView, Pepperstone Platform | |||
4.53 / 5 | Visit Broker 68% of retail CFD accounts lose money | USD 5 | 12 | No | MT4, MT5, TradingView, NextGen | |||
4.53 / 5 | Visit Broker 71.28% of retail CFD accounts lose money | AUD 100 | 100 | Yes | MT4, MT5, TradingView |
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.

Select another broker to another broker to compare features, fees, and platforms side by side.

Find Your Ideal Forex Broker
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Select another broker to another broker to compare features, fees, and platforms side by side.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
0.9 pips
ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC
USD 100
AvaOptions, Avatrade Social, MT5, MT4
400:1
AvaTrade offers a wide range of crypto CFDs including BTC, ETH, XRP, and lesser-known altcoins with 24/7 trading access
All crypto positions have fixed spreads and incur no extra commissions—ideal for budget-conscious Filipino traders
Unique risk protection tool on AvaTradeGO allows traders to insure trades against losses for a set time
Regulated in multiple jurisdictions and supports Tagalog on AvaTradeGO, enhancing accessibility for Filipinos
The feature only works on AvaTradeGO, limiting flexibility for traditional platform users
AvaTrade | Best for: Filipino traders who want to trade crypto with zero commission and excellent platform support
FxScouts
Select another broker to another broker to compare features, fees, and platforms side by side.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
0.1 pips
CMA, FSA-Seychelles, ASIC, CySEC
USD 200
TradingView, cTrader, MT5, MT4
500:1
IC Markets aggregates liquidity from over 25 banks and dark pool providers—ideal for large volume crypto traders
Crypto CFDs with spreads as low as 0.0 pips and blazing-fast execution make it suitable for scalping strategies
Offers flexibility with all major platforms and access to automated crypto strategies via expert advisors (EAs)
Unlike some brokers, IC Markets allows weekend trading for most crypto pairs
Unlike social brokers, IC Markets does not offer built-in crypto copy trading tools
Crypto trading experience is tied to third-party platforms with limited custom user interface
IC Markets | Best for: Advanced Filipino crypto traders who value ultra-tight spreads and deep liquidity
FxScouts
Select another broker to another broker to compare features, fees, and platforms side by side.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
0.0 pips
CMA, FSA-Seychelles, FSC, FSCA, ASIC
USD 100
TradingView, cTrader, MT5, MT4
500:1
Allows margin trading for major and minor cryptocurrencies with competitive leverage and minimal slippage
Ensures strong security for Filipino traders looking for compliance with international standards
Uses Equinix NY4 servers for sub-30ms order execution—suitable for EA and crypto bots
Regularly updated educational content tailored to crypto trading for beginners and intermediate traders
Compared to competitors, FP Markets supports fewer altcoins
Crypto trading halts during weekend platform maintenance—unlike 24/7 models elsewhere
FP Markets | Best for: Filipino traders who want low spreads, high leverage, and the option to trade crypto on both MT4/MT5
FxScouts
Select another broker to another broker to compare features, fees, and platforms side by side.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
0.7 pips
FRSA, FSA-Seychelles, CySEC
USD 10
NAGA Web App, MT5, MT4
1000:1
Copy crypto traders’ portfolios with full transparency and performance stats via the NAGA Feed
Offers a wide selection, including BTC/USD, ETH/EUR, ADA/USDT, and more
Not just CFD—users can also buy, sell, and transfer real crypto assets using the NAGA Wallet
Traders learn and grow from real-time feedback and idea sharing inside NAGA’s active user base
Accounts inactive for 6 months are charged €20 monthly
Platform’s charts are simpler than MetaTrader and may not suit technical power users
NAGA | Best for: Filipino crypto traders who prefer social trading and a beginner-friendly experience
FxScouts
Select another broker to another broker to compare features, fees, and platforms side by side.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
0.8 pips
KNF, FSC, FCA, CySEC
USD 0
xStation5
500:1
XTB
FxScouts
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An overview of how crypto CFDs work, their legal status in the Philippines, and the main ways to trade cryptocurrencies, including brokers, exchanges, and peer-to-peer platforms.
Cryptocurrency CFDs are a way to speculate on fluctuations in the cryptocurrency market without actually owning the coins themselves. When you trade contracts for difference (CFDs), you don’t purchase the underlying asset. Instead, you use market analysis to predict whether the price of a given financial instrument will rise or fall.
If you correctly predict the price movement, you will earn money, but if you get it wrong, you will lose money. When you buy and hold cryptocurrencies, on the other hand, you’ll use a digital wallet to create an account on a crypto exchange linked to a blockchain. From here, you’ll purchase or sell tokens using either fiat or digital currency. Buying and selling cryptocurrencies like this can be profitable, but you can only profit from rising market prices. CFDs give you a way to profit no matter which way the market is moving.
Yes, CFD trading is legal in the Philippines, but it is not directly regulated for retail traders. The Securities and Exchange Commission (SEC) of the Philippines oversees financial markets but currently does not issue licenses for retail Forex brokers.
Filipino traders typically access crypto CFDs through international brokers regulated by reputable authorities such as the FCA (UK), ASIC (Australia), or CySEC (Europe), which ensures better client fund protection and transparent trading conditions.
There are multiple ways to access the cryptocurrency market:
For most Filipino traders, a regulated broker offers the best combination of safety, convenience, and trading flexibility.
Just as when you trade any other currency, you trade cryptos in pairs, either against fiat currencies such as the US dollar or against another crypto. For example, you could trade Bitcoin against the euro (BTC/EUR) or against Ethereum (BTC/ETH). The US dollar is by far the most traded fiat currency globally, and BTC/USD (where BTC is the base currency) is the most popular crypto-to-fiat pair. For example, when the price of the BTC/USD pair is 100,000, it takes US$100,000 to buy one Bitcoin.
The advantage of trading cryptocurrencies against major currencies like the dollar or the euro is that these are relatively liquid markets, making it reasonably easy to find a buyer and a seller for your trade. This, in turn, means that such markets are less volatile than other pairings (such as crypto-to-crypto pairs) and the spreads tend to be narrower.
The crypto market is very volatile due to short-term speculative interest, making it highly attractive to traders. Volatility allows for greater profits but also increases risk.
Answers to common questions about how cryptocurrency trading works and how to get started.
To avoid scams, you should only use regulated crypto brokers. Start by identifying the broker’s legal name and its operating country, then verify its status on the appropriate regulator’s website. For example, a broker operating in South Africa should be licensed by the FSCA, while one in Australia should be registered with the Australian Securities and Investments Commission (ASIC). At FxScouts, we evaluate brokers across more than 100 international regulators to ensure transparency and safety.
It can be, but profits depend on timing, risk management, and market knowledge. High volatility means both opportunities and risks.
Yes. Most brokers offer 24/7 crypto trading, including weekends and holidays.
Yes. According to the Bureau of Internal Revenue (BIR) in the Philippines, CFD trading profits are taxable as income. Individual traders are typically subject to personal income tax rates under Philippine tax laws, while trading through a registered business would make profits subject to corporate tax rates.
Pro Tip: Consult a registered tax professional to determine if your Forex trading income is considered business income, investment income, or occasional income, as the BIR may treat these differently based on your trading frequency and intent.
No. Since you don’t own the underlying asset, no wallet is needed.
If trading with high leverage and without stop-losses, it is possible. Choose brokers that offer negative balance protection.
Trading cryptocurrency is a very high-risk market. In part, this is because the market doesn’t have a long history, so we can’t refer to previous market behaviour, but also because it does not have the same oversight and controls as fiat currencies. This lack of control makes the market an unpredictable asset to trade.
FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.
To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.
Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.
Explore more resources that fellow traders find helpful! Check out these other guides to enhance your forex trading knowledge and skills. Whether you’re searching for the best brokers, educational material, or something more specific, we’ve got you covered.

Discover the top Forex brokers in the Philippines. Compare top platforms, fees and features to make an informed trading choice.

What is Forex trading and how does it work? An easy-to-read guide including how to trade, and how to choose a reliable broker.

Explore the best Forex brokers for beginners in the Philippines with user-friendly platforms, educational resources, and demo accounts.
60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Partner Manager and Financial Writer
Head of Content
Financial Writer
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