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Alison Heyerdahl
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Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience 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 to help traders make informed, safe decisions.

Learn more about Alison Heyerdahl
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Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

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Risk Warning

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.

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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.

Lowest Spread Brokers in the Philippines for 2025

Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience 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 to help traders make informed, safe decisions.

Learn more about Alison Heyerdahl
Chris Cammack
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

Profit is central to a trader’s choice of broker. Wide spreads can eat into your profit, which is one reason why both beginners and experienced traders often choose low-spread Forex brokers.

However, there are advantages and disadvantages to using brokers with this profile. Of course, these brokers have other sources of profit to compensate for their low spreads. Additionally, low-spread Forex brokers might not suit every trader. In this guide, we’ll explain how low-spread brokers operate and generate revenue, and guide you in selecting an appropriate broker based on your individual trading needs.

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 2025—thoroughly tested, verified, and ranked, so you can trade with confidence.

Best Execution
Largest Account Variety 
Best Trading Tools and Customer Support

Lowest Spread Forex Brokers in the Philippines for 2025

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Account Name
Trading Cost
Raw Spread Account: Total trading cost at the time of last update, for 1 lot of EUR/USD. Includes spread and commission.
Trading Commission
Compare
4.61
/ 5
cTrader Razor
USD 7
6 USD / lot
0.10 pips
4.32
/ 5
Pro Raw Spread MT4
USD 7
7 USD / lot
0 pips
4.60
/ 5
RAW
USD 6
6 USD / lot
0 pips
4.53
/ 5
Zero
USD 7
6 USD / lot
0.10 pips
4.45
/ 5
XM Ultra Low
USD 1
Spread Only
0.60 pips
4.53
/ 5
Raw
USD 7.60
7 USD / lot
0.06 pips
4.46
/ 5
RAW - MetaTrader
USD 7.20
7 USD / lot
0.02 pips
4.58
/ 5
Raw
USD 7
6 USD/lot
0.10 pips
4.41
/ 5
Zero
USD 4.50
4.5 USD/lot
0 pips
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  • Find the best broker for your trading needs
  • Compare spreads, fees, and platforms
  • Read in-depth reviews and analysis

How Brokers Are Scored

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.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise

 

Learn how we set the standard for broker reviews. Explore our in-depth review process here.

Pepperstone

Best Execution

Pepperstone
4.61
78% of retail CFD accounts lose money

Min. Spread

0 pips

Regulation

CMA, BaFin, ASIC, FCA, CySEC

Min. Deposit

USD 0

Why Pepperstone Stands Out

  • Best for

    Traders who rely on scalping and bots for automated trading, and who need fast execution. 

  • Why do we like it?

    Pepperstone's low costs, down to 0.1 pips on the Razor Account, its range of trading platforms, including MT4, MT5, cTrader, TradingView, and an in-house app, and its excellent education and market analysis. 

Why Pepperstone Falls Short

  • Drawbacks

    The complicated commission structure makes it difficult for traders to keep up with costs. Commissions change depending on the trading platform you use and your base currency.

Final Verdict: Is Pepperstone right for you?

Trade if:

  • Well regulated
  • Tight spreads
  • Great platform choice

Consider Alternatives:

  • Limited market analysis
Visit Broker
Accepts clients from the Philippines pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone Group is regulated by the FCA, ASIC, and the DFSA.
Fusion Markets Fusion Markets

Exness

Largest Account Variety 

Exness
4.32
71.67% of retail CFD accounts lose money

Min. Spread

0.1 pips

Regulation

CMA, FSA-Seychelles, FSC, B.V.I FSC, FSCA

Min. Deposit

USD 3

Why Exness Stands Out

  • Best for

    Traders seeking access to a wide variety of Forex pairs with flexible account options.

  • Why do we like it?

    We appreciate that Exness provides nine different trading accounts, and in so accommodating diverse trading preferences and strategies. We also like Exness’s Pro Raw Spread accounts, that have a minimum deposit of 200 USD, with a spread of 0 pips (EUR/USD) and a commission of only 7 USD.

Why Exness Falls Short

  • Drawbacks

    Exness has a limited range of stock CFDs compared to other similar brokers.

Final Verdict: Is Exness right for you?

Trade if:

  • Highly competitive spreads and low trading costs (7 USD per lot).
  • Extensive selection of trading instruments and over 100 Forex pairs
  • User-friendly trading platforms: MT4 MT5 and Exness Terminal.

Consider Alternatives:

  • Extreme leverage
  • Limited range of share CFDs
Visit Broker
Accepts clients from the Philippines. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage Unlimited:1. Islamic account available. MT4, MT5, Exness web trader platforms supported. Exness is regulated by CySEC, FCA, and the FSC.

FP Markets

Best Trading Tools and Customer Support

FP Markets
4.60
79% of retail CFD accounts lose money

Min. Spread

0.0 pips

Regulation

FSCA, ASIC, CySEC

Min. Deposit

AUD 100

Why FP Markets Stands Out

  • Best for

    Traders seeking a competitive trading environment with low trading fees and an advanced range of trading tools and platforms.

  • Why do we like it?

    FP Markets had an intuitive trading app and offers consistently high-quality customer service. It also has two low-cost accounts and excellent trading tools, including Autochartist, VPS services, and a Trader's Toolbox.

Why FP Markets Falls Short

  • Drawbacks

    FPMarkets offers 1000s of stock CFDs on the IRESS trading platform, which is only available for Australian traders, but are more limited on the MT4 and MT5 trading platforms. 

Final Verdict: Is FP Markets right for you?

Trade if:

  • Trusted since 2005 with top-tier regulation
  • 100 USD minimum deposit amount
  • Supports MT4 MT5 cTrader and TradingView

Consider Alternatives:

  • Notably higher withdrawal fees than competitors
  • Stock CFDs are limited on MT4/MT5 and primarily available through IRESS
Visit Broker
Accepts clients from the Philippines. Average spread EUR/USD 0 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 & IRESS platforms supported. FP Markets is regulated by CySEC and ASIC.
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What Is a Spread?

The spread is the difference between the broker’s sell price and buy price when trading a Forex pair.

In other words, the spread is the difference between the bid price (the price at which you can sell) and the ask price (the price at which you can buy). Brokers charge spreads as a fee for enabling the trades.

When learning to trade Forex, the spread is one of the first concepts you need to grasp. It affects your trading costs, which impacts your profit. 

Spread values can fluctuate a lot. Factors like the currency pair you are trading, the time of day, and the economic conditions that surround that pair can change your spread.

Why are low spreads important?

Cost Reduction: Low spreads can help traders to reduce their trading costs. Each time a trade is executed, the trader has to overcome the spread cost to get into a profitable position. The lower the spread, the less the price needs to move in the trader’s favour before they start to make a profit, and the more the price can move against the trader before they start to incur a loss.

Higher Frequency Trading: Traders, especially those using high-frequency trading strategies like scalping and day trading, must enter and exit the markets frequently. Lower spreads mean they pay less to execute these trades.

Increased Potential Profits: When the spread is lower, the distance to a profitable trade decreases. This can potentially increase a trader’s profitability, especially in volatile markets.

How do brokers with low spreads make money?

In the world of Forex trading and other types of investment, brokers typically earn money in one of two ways: through spreads and commissions.

A spread is the difference between the buying price and the selling price of a financial instrument. The spread is essentially the broker’s profit on each trade a trader makes.

On the other hand, a commission is a fee that a broker charges for its services. This is generally a flat fee per trade or a percentage of the total volume of the trade.

Now, let’s consider brokers who offer low spreads. These brokers essentially offer to execute trades at prices very close to the market price. This can be attractive to traders because it reduces their trading costs. However, because these brokers make less money from the spread, they may charge a commission to compensate for the lower profit margins.

The commission can be seen as a fee for the broker’s service of facilitating the trade. For a broker offering low or even zero spreads, the commission may be their primary source of income.

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"Wide spreads eat into your profit, which is why traders often choose low-spread Forex brokers."

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The Advantages and Disadvantages of Low Spreads

Each broker is unique, but some main features distinguish low-spread Forex brokers.

What Are the Advantages of Trading With Low Spreads?

Lower Transaction Costs: The spread is the difference between the buy price and the sell price for a particular currency pair. The lower it is, the easier traders can profit from a transaction. This results in lower transaction costs for the trader, especially for those engaged in high-frequency trading, such as day traders or scalpers and can increase the net profit from each trade.

Transparent Pricing: Low spreads coupled with a commission-based pricing model tend to be more transparent. The broker makes money from the commission, and the spreads are closer to the underlying market prices. This can provide a clearer view of the market conditions and facilitate better trading decisions.

What Are the Disadvantages of Trading With Low Spreads?

There are, of course, some downsides to low spreads. The most important disadvantages to using low-spread Forex brokers are the following:

Commissions Can Add Up: If you are a high-frequency trader, commission fees might get expensive as they add up. In these cases, it might be better to go for a higher spread with no commission.

Complex Fee Structure: Understanding and calculating costs can be more complex with a low spread and commission model. Traders need to consider both the spread and the commission in their cost analysis, which can be confusing, particularly for novice traders.

Whether a low spread and commission model is advantageous depends largely on the trader’s strategy and trading frequency. Each trader must understand their own trading habits, calculate their potential costs under different pricing models, and choose the broker that offers the most cost-effective solution for their specific needs.

What Is the Difference Between Fixed and Variable Spreads?

Fixed spread brokers offer spreads that do not change, no matter the market conditions, whereas variable spreads could be lower, but fluctuate throughout the trading day. 

In Forex trading, the difference between fixed spreads and variable spreads is important when deciding which broker to trade with. Here’s a breakdown of the main differences:

Fixed Spreads

Consistency: Fixed spreads remain the same no matter the market conditions.

Predictability: Since these spreads don’t depend on the markets, they are predictable for traders. And predictable often means safer.

Market Makers: Fixed spreads are usually offered by market makers, who set both the bid and the ask prices for their clients, taking the opposite side (or the counterparty) of their trades. This means that when the trader wins, the broker loses, and vice versa.

Higher Costs During Low Volatility: While fixed spreads provide stability, when there is low market volatility, they may be higher on average. This leads to potentially higher trading costs.

Variable Spreads

Market Conditions: Variable spreads fluctuate based on market conditions, including liquidity and volatility. This means the spread can be very low during times of high liquidity but can widen significantly during major economic announcements or market uncertainty.

Lower Costs Potentially: During periods of high liquidity, variable spreads can be lower than fixed spreads, potentially reducing trading costs.

ECN/STP Brokers: Variable spreads are often associated with ECN (Electronic Communication Network) or STP (straight-through processing) brokers, who pass the orders directly to liquidity providers without a dealing desk. This means traders are getting real market prices.

The choice between fixed and variable spreads depends on a trader’s strategy, trading style, and risk tolerance. Fixed spreads offer predictability and simplicity, which can be beneficial for beginners or those with straightforward strategies. Variable spreads, on the other hand, can offer lower costs under normal market conditions and are preferred by traders who can manage the risks associated with market volatility.

"Brokers with low spreads typically charge a fixed commission per trade, making the cost of trading predictable."

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Frequently Asked Questions

What traders should know about low spreads.

What is considered a low spread at Forex brokers?

In the world of Forex trading, a spread is considered low if it’s close to 0.0 pips. However, what constitutes a ‘low’ spread can depend on the currency pair being traded. For major currency pairs like EUR/USD, a low spread is typically anything under 1 pip. For less liquid currency pairs like the minors or exotics like the USD/ZAR, spreads are usually considerably wider.

What is considered a low commission for a Forex broker account?

Commission rates can vary widely among Forex brokers, but a low commission is typically considered to be around 0.1% – 0.3% of the trade volume. In terms of fixed commissions, which are more common in ECN or STP brokers, anything around $6 – $10 per lot traded (100,000 units of currency) could be considered low.

Do some brokers offer zero-spread accounts? 

Yes, some brokers offer zero-spread accounts. Zero-spread Forex brokers offer trading accounts where a currency pair’s bid and ask price are the same. This means there is no difference between the bid price and the ask price of a currency pair. However, it’s essential to note that while the spread is zero, these brokers often compensate by charging a commission on trades or using other fee structures. Therefore, traders must understand the overall cost of trading, not just the spread, before choosing a broker.

Are low-spread accounts suitable for all traders?

While low-spread accounts can save costs for high-volume traders, they might not be as beneficial for less active traders. This is because the commission costs could outweigh the benefits of low spreads for traders who don’t trade frequently.

Which Forex broker has the tightest spread?

The broker with the tightest spread is not constant, as spreads fluctuate based on market conditions and the broker’s policies. However, brokers that consistently offer tight spreads often operate using an Electronic Communication Network (ECN) or Straight Through Processing (STP) model.

Can I trade Forex without a broker?

While it is technically possible to trade Forex without a broker, it’s not practical for most individuals. Brokers provide access to the trading platforms and the liquidity necessary to trade efficiently in the Forex market.

What’s the Difference Between Raw Spread and a Standard Account?

A standard account typically includes all trading costs within the spread. This means you won’t pay a separate commission on your trades. On the other hand, a raw spread account usually offers spreads close to zero, with brokers charging a separate commission on each trade. The choice between the two often depends on the trader’s strategy and volume of trades.

Which currency pairs have the lowest spreads?

The most heavily traded pairs, such as the EUR/USD, GBP/USD and USD/JPY, normally have the lowest spreads, while an emerging-market currency paired with the USD, such as the USD/ZAR, will have a wider spread. In other words, the more liquid the market, the narrower the spread. That’s because the high volumes traded generate lots of profit for brokers, even though the profit margins might be narrow. 

"The most heavily traded pairs, such as the EUR/USD, GBP/USD and USD/JPY, normally have the lowest spreads."

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts and an experienced financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Ida Hermansen

Financial Writer

Ida Hermansen
Ida is a financial writer with a passion for cryptocurrencies, blockchain networks, and Forex trading. A dedicated crypto trader, she developed a deep interest in Forex technical analysis and price action, continually expanding her expertise in market trends and trading strategies. With a background in digital marketing, SEO, and content strategy, Ida combines her analytical skills with clear, engaging writing to help traders navigate the ever-evolving financial markets. She stays up to date with the latest Forex and crypto developments, researching the best trading environments for new and experienced traders alike.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

                

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