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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.
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.
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.
Forex brokers offer a range of bonuses to attract new traders and reward existing ones. Common bonuses include no-deposit bonuses, deposit bonuses, and trading rebates. While everyone likes the idea of free money, most bonuses come with strict terms and conditions which many traders are unaware of.
Our team has reviewed the top brokers that accept Filipino clients and compiled a list of those offering the most worthwhile bonus schemes. All brokers listed are well-regulated, and their bonuses are currently valid for Filipino traders. We also highlight the terms of each bonus, so that you understand the conditions attached to withdrawing your profits.
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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.
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Broker | Official Site | Bonuses | Min. Deposit | Beginner Friendly | Platforms | Compare | ||
|---|---|---|---|---|---|---|---|---|
 | None | USD 5 | 3000:1 | Excellent | MT4, MT5, FBS App | |||
 | $30 No Deposit Bonus. Account Validation Required. | USD 5 | 30:1 | Excellent | MT4, MT5 | |||
 | $30 Welcome Bonus. No Deposit Required | USD 100 | 30:1 | Excellent | MT4, MT5, TradingView | |||
 | 20% Welome Bonus on Deposits over $200. | USD 100 | 30:1 | Excellent | MT4, MT5, Avatrade Social, AvaOptions | |||
 | No Deposit Bonus and 20% Top-Up Bonus | USD 0 | 2000:1 | Excellent | MT4, MT5, HFM Trading App |
Select another broker to another broker to compare features, fees, and platforms side by side.
Find Your Ideal Forex Broker
0.7 pips
FSC, ASIC
USD 5
FBS App, MT5, MT4
3000:1
FBS | Best for traders looking for flexible bonuses and gamified promotions
FxScouts
YouTube
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0.6 pips
DFSA, FSC, ASIC, CySEC
USD 5
MT5, MT4
500:1
XM | Best for traders seeking deposit bonuses and loyalty rewards
FxScouts
YouTube
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0.0 pips
FSA-Seychelles, DFSA, FSCA, FCA, CySEC
USD 100
TradingView, MT5, MT4
500:1
Tickmill | Best for traders looking for pro-level trading conditions with simple bonuses
FxScouts
YouTube
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0.9 pips
ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC
USD 100
AvaOptions, Avatrade Social, MT5, MT4
400:1
AvaTrade | Best for cashback bonuses with transparent terms
FxScouts
YouTube
Select another broker to another broker to compare features, fees, and platforms side by side.
0.0 pips
CMA, FSA-Seychelles, FSC, DFSA, FSCA, FCA
USD 0
HFM Trading App, MT5, MT4
2000:1
HFM instantly matches your deposit with bonus credit, making it a great fit for Filipino traders starting with modest capital.
Every trade counts - HFM’s rebate program gives you monthly cashback based on trading volume, not profit.
Filipino traders can join international competitions and win bonus funds, branded items, or real cash.
If you meet the trading volume target, profits earned with bonus-backed positions can be withdrawn with no issue.
Accounts can be verified using valid Philippine IDs, with support teams guiding you throughout the process.
HFM doesn’t automatically apply many of its bonuses, you’ll need to opt in after making a deposit.
Bonus FAQs and education are only offered in English, which may limit access for some beginners.
HFM | Best for monthly bonuses for active Filipino traders
FxScouts
YouTube
Select another broker to another broker to compare features, fees, and platforms side by side.
Forex bonuses vary in structure and purpose. Below are the main types of bonuses you may come across.
A no-deposit bonus is provided to new traders without the need to fund an account. It allows traders to experience live market conditions with real funds, but withdrawals are usually only possible after meeting specific trading requirements.
This type of bonus is awarded when you fund your trading account. Some brokers offer a fixed bonus, while others match a percentage of your deposit. For example, “Deposit 30,000 PHP and receive a 30% bonus.” While the bonus can increase your trading capital, you may not be able to withdraw it, and profits might only be released after meeting set conditions.
Some brokers offer a cash rebate or reward based on your trading activity. These are typically aimed at high-volume traders. For example, if you trade over 100 million USD in a calendar month, you may receive a rebate of 10 USD per million traded.
These programs return part of the trading cost (such as commissions or spreads) to the trader’s account. Cashback is usually credited automatically and can either be withdrawn or used for further trading.
Some brokers offer a reward for referring new clients. You may receive a fixed amount, or a percentage of your referral’s trading activity, once they meet certain trading milestones.
Aimed at returning clients, these bonuses are often awarded when a trader makes subsequent deposits or reaches trading milestones. Some brokers also run point-based loyalty schemes that offer cash or non-cash rewards.
In order to accept your Forex bonus, you will also have to accept all the terms and conditions. Below is an exhaustive list of the terms and conditions that could apply to your no-deposit bonus. Not all of these may apply, so always read the small print before signing up:
Always read the full terms and conditions before accepting a bonus offer.
When evaluating whether to accept a forex trading bonus, consider the following:
Below are some of the most common questions people have about Forex trading bonuses.
Yes, though it depends on the regulator. For example, the FCA in the UK and European regulators do not allow brokers to offer bonuses, while the FSCA in South Africa does. When dealing with brokers regulated offshore, traders should be cautious, as protection may be limited.
In most cases, yes, but only after meeting specific trading requirements. These may include minimum trade volumes or profit thresholds. Some brokers may restrict withdrawals entirely until conditions are fulfilled.
Yes. Most brokers require full account verification, including proof of identity and proof of address, before releasing any bonus funds or allowing withdrawals.
No-deposit bonuses can be helpful for beginners to test a platform in live market conditions. However, deposit or volume-based bonuses are usually more suitable for experienced traders who can meet the required conditions.
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.
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Head of Content
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