OpesAdvisors
Find my broker

Best Brokers, Exchanges & Prop Firms in Philippines (2026)

Fact-checked

The Philippines is one of the largest and fastest-growing retail forex audiences in Southeast Asia, powered by a young, mobile-first, GCash-driven trading community. The legal picture is straightforward but often misunderstood. No broker holds a Philippine retail forex licence, because the SEC and BSP do not issue one, so every broker a Filipino can use is offshore, and the quality of that offshore regulator is your main line of defence. Local funding runs through e-wallets like GCash and Maya, InstaPay and PESONet rather than card. Our shortlist leads with vetted partners that accept Filipino clients, favours strong tier-one or mid-tier offshore licences, PHP-friendly funding, English-language support and a proven payout record, and is honest about where local protection does and does not apply.

Regulation in Philippines

The Philippines does not license retail forex or CFD brokers for local residents. The Securities and Exchange Commission (SEC) regulates securities and has repeatedly issued advisories that soliciting forex trading without SEC authorisation is illegal, publishing a running list of unauthorised entities. The Bangko Sentral ng Pilipinas (BSP) controls foreign exchange and licenses crypto Virtual Asset Service Providers, but neither issues a retail OTC forex broker licence. So every broker a Filipino trader can practically use is offshore, typically regulated by the FCA (UK), ASIC (Australia), CySEC (Cyprus) or FSCA (South Africa). This is the practical reality; we flag it rather than pretend a local licence is on offer. There is no Philippine compensation scheme for offshore forex accounts, so if a broker fails your recourse runs through its foreign regulator, not a Philippine authority.

Recognised regulators: SEC Philippines, BSP · Currency: PHP

Forex Brokers Serving Philippines

47 brokers accept Philippines clients, sorted by overall score.

№1 Editor's pick

Exness
9.3/10 Tested
  • Best for Instant withdrawals
  • Best for MENA traders
  • Best for SEA traders
  • Best for High leverage
Min deposit
$10
Spread from
0.0 pips
Max leverage
1:Unlimited
Regulation
CySEC · FCA

№2 Editor's pick

AvaTrade
8.7/10 Tested
  • Best for Copy trading
  • Best for Canada residents
  • Best for Options trading
Min deposit
$100
Spread from
0.9 pips
Max leverage
1:400
Regulation
Central Bank of Ireland · ASIC

№4 Editor's pick

RoboForex
8.0/10 Tested
  • Best for High leverage
  • Best for Cent accounts
  • Best for Stock CFDs
Min deposit
$10
Spread from
0.0 pips
Max leverage
1:2000
Regulation
FSC Belize · TFC member (compensation up to €20,000)

№9 Editor's pick

XTB
9.0/10 Tested
  • Best for EU/UK traders
  • Best for Stock CFDs
  • Best for Education library
Min deposit
$0
Spread from
0.5 pips
Max leverage
1:500
Regulation
FCA · CySEC

№11 Editor's pick

FxPro
8.7/10 Tested
  • Best for FCA regulation
  • Best for cTrader Raw
  • Best for Multi-platform
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:500
Regulation
FCA · CySEC

№12 Editor's pick

OANDA
8.7/10 Tested
  • Best for US traders
  • Best for TradingView users
  • Best for Long history
Min deposit
$0
Spread from
1.2 pips
Max leverage
1:200
Regulation
NFA · CFTC

№14 Editor's pick

Tickmill
8.6/10 Tested
  • Best for ECN scalpers
  • Best for Cost-aware traders
  • Best for MENA and SEA
  • Best for High leverage
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:1000
Regulation
FCA · CySEC

№19 Editor's pick

FXTM
8.4/10 Tested
  • Best for MENA traders
  • Best for Africa GEO
  • Best for Beginners
  • Best for High leverage
Min deposit
$10
Spread from
0.0 pips
Max leverage
1:2000
Regulation
FCA · CySEC

№20 Editor's pick

HFM
8.4/10 Tested
  • Best for MENA traders
  • Best for Cent account starters
  • Best for Copy trading
  • Best for High leverage
Min deposit
$0
Spread from
0.0 pips
Max leverage
1:2000
Regulation
FCA · CySEC

№23 Editor's pick

TMGM
8.3/10 Tested
  • Best for Share CFD traders
  • Best for IRESS DMA
  • Best for Australian traders
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FMA

№26 Editor's pick

Forex.com
8.2/10 Tested
  • Best for US retail forex
  • Best for UK shares CFDs
  • Best for TradingView routing
  • Best for NASDAQ-listed parent
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:30
Regulation
CFTC · FCA

№29 Editor's pick

Axi
8.1/10 Tested
  • Best for MT4 traders
  • Best for ECN scalping
  • Best for AI trade analytics
Min deposit
$0
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FCA

№38 Editor's pick

FBS
7.6/10 Tested
  • Best for Cent account beginners
  • Best for SEA traders
  • Best for High leverage
  • Best for Low deposit
Min deposit
$1
Spread from
0.0 pips
Max leverage
1:3000
Regulation
IFSC Belize · CySEC

№40 Editor's pick

ATFX
7.4/10 Tested
  • Best for MENA traders
  • Best for MT4 trading
  • Best for New traders
Min deposit
$100
Spread from
1.0 pips
Max leverage
1:400
Regulation
FCA · CySEC

№41 Editor's pick

FXCM
7.4/10
  • Best for UK
  • Best for Germany
  • Best for Australia
  • Best for UAE traders
Min deposit
$50
Spread from
0.2 pips
Max leverage
1:400
Regulation
FCA · ASIC

№42 Editor's pick

FXGT
7.4/10 Tested
  • Best for Crypto CFDs
  • Best for Low deposit
  • Best for High leverage
  • Best for MENA traders
Min deposit
$5
Spread from
0.0 pips
Max leverage
1:1000
Regulation
CySEC · FSCA

№43 Editor's pick

NAGA
7.4/10 Tested
  • Best for MENA traders
  • Best for Social copy
  • Best for Multi-asset CFDs
Min deposit
$250
Spread from
0.5 pips
Max leverage
1:1000
Regulation
CySEC · FSA Seychelles

№47 Editor's pick

IronFX
6.4/10 Tested
  • Best for MT4 traders
  • Best for Account variety
  • Best for Emerging markets
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:1000
Regulation
FCA · CySEC

Crypto Exchanges Serving Philippines

12 exchanges available to Philippines residents, verified KYC + payment rails.

№2 Editor's pick

Binance
8.6/10 Tested
  • Best for Lowest spreads on majors
  • Best for Deepest liquidity
  • Best for Research depth
  • Best for Education quality
Min deposit
$0
Spread from
0.10%
Max leverage
1:125
Regulation
VARA Dubai · AMF France

№3 Editor's pick

Bybit
9.2/10 Tested
  • Best for Low fees
  • Best for Futures trading
  • Best for Fast withdrawals
  • Best for USDT pairs
Min deposit
$0
Spread from
0.00% / 0.08%
Max leverage
1:100
Regulation
VARA Dubai · CySEC Cyprus

№4 Editor's pick

Bitget
8.9/10 Tested
  • Best for Copy trading
  • Best for Low futures fees
  • Best for USDT pairs
  • Best for Mobile UX
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:125
Regulation
Lithuania VASP · Poland CASP

№6 Editor's pick

Kraken
8.4/10 Tested
  • Best for US-based crypto traders
  • Best for Long-term holding with strong security
  • Best for SWIFT and SEPA fiat withdrawals
  • Best for Proof-of-Reserves transparency
Min deposit
$0
Spread from
0.16% / 0.26%
Max leverage
1:50
Regulation
FinCEN · FCA

№8 Editor's pick

MEXC
7.6/10 Tested
  • Best for Altcoin hunters
  • Best for No-KYC access (under $10K)
  • Best for Small-cap futures
  • Best for Zero maker fees
Min deposit
$0
Spread from
0.00% / 0.05%
Max leverage
1:200
Regulation
AUSTRAC · FIU Estonia (VASP)

№10 Editor's pick

KuCoin
7.4/10 Tested
  • Best for Altcoin breadth
  • Best for Low VIP fees
  • Best for Futures + spot in one
  • Best for Earn / staking
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:100
Regulation
FSA Seychelles (VASP) · AUSTRAC

№11 Editor's pick

Phemex
7.0/10 Tested
  • Best for Perpetual futures
  • Best for Maker rebates
  • Best for No-KYC entry
  • Best for EU and APAC
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:100
Regulation
FinCEN MSB · Lithuania VASP

№12 Editor's pick

HTX
6.2/10 Tested
  • Best for Deep liquidity
  • Best for Altcoin selection
  • Best for Perpetual futures
  • Best for APAC & LATAM
Min deposit
$0
Spread from
0.20% / 0.20%
Max leverage
1:200
Regulation
Lithuania VASP · Dubai VARA (provisional)

Prop Firms Serving Philippines

10 prop firms accept Philippines-resident traders, challenge funding accounts.

№1 Editor's pick

FTMO
9.0/10 Tested
  • Best for Funded traders
  • Best for Forex prop
  • Best for Verified payouts
  • Best for Multiple firms
Min deposit
$155
Spread from
0.2 pips
Max leverage
1:100
Regulation
Offshore

Local payment methods

Rails our traders confirmed working for Philippines deposits in 2025-2026.

  • GCash
  • Maya
  • InstaPay (instant PHP)
  • PESONet
  • Local bank transfer PHP (BDO, BPI, Metrobank)
  • Skrill
  • Neteller
  • USDT (P2P)

Tax Note for Philippines

The Bureau of Internal Revenue (BIR) taxes forex and CFD trading profits as ordinary income under the TRAIN law graduated rates in 2026: 0% on the first PHP 250,000, then 15%, 20%, 25% and 30% across the bands, up to 35% on income above PHP 8 million. There is no separate capital gains tax on forex or CFD gains; the Philippine CGT applies to real property and to shares in domestic corporations not traded on the exchange, not to derivative trading profits. Offshore-broker profits are taxable as income and the onus is on you to declare, since no local broker withholds it for you. Enforcement on individual offshore-broker profits is still developing, but the safest position is to declare. None of this is tax advice, so confirm your own position with the BIR or a local accountant before you file.

Risk warning: CFDs are complex instruments. 74-89% of retail accounts lose money. Affiliate disclosure: how we earn.