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Ida Hermansen
Edited by
Author
Ida Hermansen
Edited by
Ida Hermansen
Financial Writer

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.

Learn more about Ida Hermansen
Author
Author
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
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.

Advertiser Disclosure

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.

Best Forex Trading Bonuses in the the Philippines for 2025

Edited by
Author
Ida Hermansen
Edited by
Ida Hermansen
Financial Writer

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.

Learn more about Ida Hermansen
Alison Heyerdahl
Author
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

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. 

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.

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Best No Deposit Bonuses in the Philippines for 2025

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Official Site
Bonuses
Min. Deposit
Beginner Friendly
Platforms
Compare
Visit Broker
69.21% of retail CFD accounts lose money
None
USD 5
3000:1
Excellent
MT4, MT5, FBS App
Visit Broker
75.18% of retail CFD accounts lose money
$30 No Deposit Bonus. Account Validation Required.
USD 5
30:1
Excellent
MT4, MT5
Visit Broker
74% of retail CFD accounts lose money
$30 Welcome Bonus. No Deposit Required
USD 100
30:1
Excellent
MT4, MT5, TradingView
Visit Broker
76% of retail CFD accounts lose money
20% Welome Bonus on Deposits over $200.
USD 100
30:1
Excellent
MT4, MT5, Avatrade Social, AvaOptions
Visit Broker
72.90% of retail CFD accounts lose money
No Deposit Bonus and 20% Top-Up Bonus
USD 0
2000:1
Excellent
MT4, MT5, HFM Trading App
FBS
4.3
Read Review

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.

Bonuses
None
Min. Deposit
USD 5
Max. Leverage (Forex)
3000:1
Beginner Friendly
Excellent
Platforms
MT4, MT5, FBS App
XM
4.5
Read Review

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.

Bonuses
$30 No Deposit Bonus. Account Validation Required.
Min. Deposit
USD 5
Max. Leverage (Forex)
30:1
Beginner Friendly
Excellent
Platforms
MT4, MT5
Tickmill
4.6
Read Review

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.

Bonuses
$30 Welcome Bonus. No Deposit Required
Min. Deposit
USD 100
Max. Leverage (Forex)
30:1
Beginner Friendly
Excellent
Platforms
MT4, MT5, TradingView
AvaTrade
4.6
Read Review

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.

Bonuses
20% Welome Bonus on Deposits over $200.
Min. Deposit
USD 100
Max. Leverage (Forex)
30:1
Beginner Friendly
Excellent
Platforms
AvaOptions, Avatrade Social, MT4, MT5
HFM
4.4
Read Review

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.

Bonuses
No Deposit Bonus and 20% Top-Up Bonus
Min. Deposit
USD 0
Max. Leverage (Forex)
2000:1
Beginner Friendly
Excellent
Platforms
MT4, MT5, HFM Trading App
Find Your Ideal Forex Broker

Compare Forex Brokers

  • Compare Side-by-Side: Key broker details to pinpoint the
    best match for your trading needs.
  • Make Data-Driven Choices: Compare spreads, fees, platforms,
    and more to secure the most cost-effective and reliable broker.
  • Maximize Your Trading Potential: Discover brokers with the
    competitive edge in features, resources, and customer support
    you need to succeed in the forex market.

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.

FBS

Best for traders looking for flexible bonuses and gamified promotions

FBS
4.33
69.21% of retail CFD accounts lose money

Min. Spread

0.7 pips

Regulation

FSC, ASIC

Min. Deposit

USD 5

Platforms

FBS App, MT5, MT4

Max Leverage

3000:1

Why FBS Stands Out

  • 100% Deposit Bonus from Just $5
    FBS matches your deposit from as low as $5, making it ideal for Filipino traders starting small.
  • Frequent Bonus Contests & Challenges
    FBS regularly runs mobile app promotions and trading challenges—great for traders who enjoy earning extra rewards.
  • Bonus Applies to Mobile
    FBS bonuses work on the FBS app, MT4, and MT5, all of which perform well on mid-range smartphones common across the Philippines.
  • Fast Signup with Local ID
    You can register and verify using your Philippine national ID, passport, or driver’s license, with local-language support available in English and Filipino.
  • Redeemable Bonus Credit via Loyalty Program
    FBS offers a loyalty program where frequent traders can exchange accumulated points for rewards, gadgets, or even cash.

Why FBS Falls Short

  • High Volume Needed to Withdraw Bonus Profits
    To cash out earnings from bonus-backed trades, you need to complete large trading volume—challenging for casual users.
  • No Localized Bonus Education
    Bonus terms and educational content are mainly available in English and not all available in Tagalog.

FBS | Best for traders looking for flexible bonuses and gamified promotions

Final Verdict: Is FBS right for you?

Trade if:

  • You want to double your deposit starting from just $5
  • You enjoy contests, mobile promotions, and trading incentives
  • You trade on your phone and want a bonus that works across devices.

Consider Alternatives:

  • You’re unlikely to meet the volume targets needed to unlock bonus profits
  • You prefer bonus guidance in Filipino or simplified formats
Visit Broker
Fusion Markets Fusion Markets

XM

Best for traders seeking deposit bonuses and loyalty rewards

XM
4.45
75.18% of retail CFD accounts lose money

Min. Spread

0.6 pips

Regulation

DFSA, FSC, ASIC, CySEC

Min. Deposit

USD 5

Platforms

MT5, MT4

Max Leverage

30:1

Why XM Stands Out

  • Deposit Bonus up to $500
    XM offers 50% bonus on your first deposit up to $500, helping traders with modest capital grow their position size from day one.
  • Earn Loyalty Points (XMP) on Every Trade
    With every trade, you earn points that can be exchanged for bonus credit—perfect for frequent traders in the Philippines.
  • Bonus Usable Across All Platforms
    The bonus works whether you use the XM mobile app, MT4, or MT5—ideal for on-the-go traders.
  • Register Easily with PH Documents
    You can verify your account using a Philippine ID or passport.
  • Bonus Access Starts from $5
    XM allows access to deposit bonuses starting with just $5 (approx. PHP 285), making it accessible to nearly all retail traders.

Why XM Falls Short

  • Volume Requirements to Unlock Profits
    To withdraw profits made with bonus-backed trades, traders must meet trading volume targets.
  • Bonuses May Expire If Not Claimed Quickly
    Bonus offers are time-limited—traders should activate them shortly after registration to avoid missing out.

XM | Best for traders seeking deposit bonuses and loyalty rewards

Final Verdict: Is XM right for you?

Trade if:

  • You want a reliable bonus from as little as $5
  • You appreciate earning bonus credit as you trade, not just when you deposit
  • You want a broker with Tagalog/English support and smooth verification using Philippine ID

Consider Alternatives:

  • You don’t plan to trade enough to meet volume requirements for withdrawing profits
  • You want long-term, automatically applied bonuses that don’t expire.
Visit Broker

Tickmill

Best for traders looking for pro-level trading conditions with simple bonuses

Tickmill
4.58
74% of retail CFD accounts lose money

Min. Spread

0.0 pips

Regulation

FSA-Seychelles, DFSA, FSCA, FCA, CySEC

Min. Deposit

USD 100

Platforms

TradingView, MT5, MT4

Max Leverage

30:1

Why Tickmill Stands Out

  • Bonus Works with Real Market Conditions
    Bonuses are added to standard live accounts, so traders experience Tickmill’s low spreads and fast execution without gimmicks.
  • Spreads from 0.0 Pips, Even With Bonus
    You still access raw spreads and tight pricing when trading with bonus funds—great for scalping and day trading.
  • English Support & Easy Local Verification
    Tickmill accepts PH IDs like the national ID, passport, or driver’s license, and support is responsive in English.
  • No Strategy Restrictions
    You can use Expert Advisors (EAs), scalping, or hedging with bonus-backed funds—Tickmill doesn’t limit your strategy.
  • Bonus Can Boost Margin Without Changing Leverage
    Tickmill’s bonus adds to usable margin, helping manage trades better without affecting your set leverage.

Why Tickmill Falls Short

  • No PHP Accounts Offered
    Accounts are only in USD or EUR, so you may pay currency conversion fees when depositing from PHP.
  • Limited Bonus Availability
    Tickmill’s bonus promotions are not always active or accessible to all Filipino clients.

Tickmill | Best for traders looking for pro-level trading conditions with simple bonuses

Final Verdict: Is Tickmill right for you?

Trade if:

  • You want pro-level spreads and execution, even when using bonus funds
  • You trade in USD and are fine with manual bonus opt-ins
  • You use automated or advanced trading strategies without restriction

Consider Alternatives:

  • You want to track your bonus progress directly in the mobile app
  • You’d rather fund and trade in PHP to avoid conversion costs
Visit Broker

AvaTrade

Best for cashback bonuses with transparent terms

AvaTrade
4.59
76% of retail CFD accounts lose money

Min. Spread

0.9 pips

Regulation

ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC

Min. Deposit

USD 100

Platforms

AvaOptions, Avatrade Social, MT5, MT4

Max Leverage

30:1

Why AvaTrade Stands Out

  • Tiered Bonus Offers
    Most of AvaTrade’s bonuses scale with your deposit, traders who fund larger amounts receive proportionally bigger rewards.
  • Designed for Mobile Traders
    Bonuses apply when using AvaTradeGO, a lightweight app that runs well on Android and iOS—ideal for mobile-first Filipino users.
  • Globally Regulated with Clear Terms
    AvaTrade’s bonus conditions are backed by international regulation, with clearly stated terms and no hidden clauses.
  • Low Entry Point for Bonuses
    With many bonuses requiring just a 100 USD deposit, Filipino traders can start trading and benefit from bonus promotions when active.
  • Easy Account Setup with Local Documents
    You can register and verify your account using a Philippine ID or passport, with responsive support throughout onboarding.

Why AvaTrade Falls Short

  • Bonus Campaigns Aren’t Ongoing Year-Round
    Bonus availability depends on seasonal promotions—you may not see one when signing up.
  • No Built-In Bonus Tracker
    Right now there is no in-app way to track your bonus progress—you’ll need to monitor your trading volume manually.

AvaTrade | Best for cashback bonuses with transparent terms

Final Verdict: Is AvaTrade right for you?

Trade if:

  • You want a transparent bonus structure that scales with your deposit size.
  • You prefer a mobile-friendly broker that supports bonus use on the go.
  • You’re starting with $100+ and want a globally regulated, easy-to-access platform.

Consider Alternatives:

  • You want permanent or automatically applied bonuses with no seasonal cut-offs.
  • You’d like to track bonus redemption progress inside your trading app.
Visit Broker

HFM

Best for monthly bonuses for active Filipino traders

HFM
4.43
72.90% of retail CFD accounts lose money

Min. Spread

0.0 pips

Regulation

CMA, FSA-Seychelles, FSC, DFSA, FSCA, FCA

Min. Deposit

USD 0

Platforms

HFM Trading App, MT5, MT4

Max Leverage

2000:1

Why HFM Stands Out

  • 100% Deposit Match
    HFM instantly matches your deposit with bonus credit, making it a great fit for Filipino traders starting with modest capital.
  • Cashback Even on Losing Trades
    Every trade counts - HFM’s rebate program gives you monthly cashback based on trading volume, not profit.
  • Global Contests with Bonus Prizes
    Filipino traders can join international competitions and win bonus funds, branded items, or real cash.
  • Profits from Bonus Trades Are Withdrawable
    If you meet the trading volume target, profits earned with bonus-backed positions can be withdrawn with no issue.
  • Simple Onboarding for Filipino Clients
    Accounts can be verified using valid Philippine IDs, with support teams guiding you throughout the process.

Why HFM Falls Short

  • Many Bonuses Must Be Activated Manually
    HFM doesn’t automatically apply many of its bonuses, you’ll need to opt in after making a deposit.
  • No Filipino-Language Bonus Guides
    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

Final Verdict: Is HFM right for you?

Trade if:

  • You want to double your deposit and get extra margin to trade with.
  • You appreciate earning cashback just for trading, even during flat or losing periods.
  • You like joining trading contests and want more chances to earn.

Consider Alternatives:

  • You want a broker that auto-applies bonuses without having to activate them yourself.
  • You’d benefit from bonus tutorials or guides available in Tagalog or simplified English.
Visit Broker
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Types of Forex Bonuses

Forex bonuses vary in structure and purpose. Below are the main types of bonuses you may come across.

No Deposit Bonus

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.

Deposit Bonus

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.

Trading Volume Bonus

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.

Cashback or Rebate Programmes

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.

Referral Bonuses

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.

Loyalty and Reload Bonuses

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.

Common Terms and Conditions of Forex Bonuses

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:

  • Bonuses are usually only available to new clients.
  • Most bonuses have a time limit. For example, they may expire if the account isn’t verified within 30 days.
  • Withdrawing funds during the bonus period may lead to cancellation of the bonus.
  • Bonuses apply per client, so if clients hold multiple accounts, they are only eligible to receive the no-deposit bonus once in the first account registered during the promotional period.
  • There might be a limit on the number bonuses that can be granted to family members per household.
  • Brokers may restrict the use of the bonus to specific trading platforms or instruments.
  • There are usually conditions relating to withdrawals.
    • For example, you might have to complete a certain number of trades within a set time period or generate a specified amount of profit.
    • You may also have to trade 10,000 USD, or even up to 100,000 USD, for each 1 USD of the bonus. Such bonuses might be more suitable for regular traders who place dozens of trades a day or who place trades of a large size, rather than for beginners.
  • Identity verification is mandatory before a broker will credit any bonus or allow profit withdrawals.

Always read the full terms and conditions before accepting a bonus offer.

How to Choose the Best Forex Bonus

When evaluating whether to accept a forex trading bonus, consider the following:

  • Regulation: You need to check that the broker is legitimate and trustworthy. Is the broker regulated by a top-tier global authority such as ASIC, the FCA, and CySEC? Find the brokers regulatory licence number and then check with the regulator that the licence is valid. Read more about the importance of regulation here, and how to avoid scam brokers here.
  • Terms and conditions: Read the terms and conditions of the bonus carefully. Make sure you understand the conditions related to the withdrawal of your profits. The bonus funds are often frozen, either wholly or in part, until these conditions are met. 
  • Time limits: Bonuses often come with time limits. You may, for example, have 30 days to trade the bonus before it becomes invalid.
  • Eligible currency pairs: Brokers might limit the use of the bonus to certain currency pairs, again underlining the need to read the conditions carefully.
  • Bonus amount: If you’re looking specifically for a no-deposit bonus, it’s worth shopping around as brokers offer different no-deposit bonus amounts, generally ranging from 30 – 150 USD.

"Always read the full terms and conditions before accepting a bonus offer."

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Frequently Asked Questions

Below are some of the most common questions people have about Forex trading bonuses.

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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.

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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