Forex Trading Philippines

Looking to start forex trading in the Philippines?
We have researched the best forex brokers that you can choose from. We have also written helpful guides on forex & CFD trading for beginners.

Featured Brokers

We have listed these 4 brokers based on our research of their trading conditions including spread & commissions, mobile, deskptop, web trading platforms, support & our 8 other trust factors..

XM Trading Logo
XM broker
  • Average EUR/USD Spread of 1.7 pips with their Standard account.
  • Regulated with ASIC, CySEC
  • 55+ currency pairs & 1000+ CFDs including Cryptos, metals
  • Min. Deposit is $5 with Micro account
Hotforex Logo
  • Average EURUSD spread is 1.2 pips with Premium Accoun
  • FCA, FSCA, CySEC Regulated
  • 49 Currency pairs & 100+ CFDs including cryptos.
  • Min. Deposit is $5
Pepperstone Logo
  • Average EURUSD Spread is 1.13 pips with Standard account.
  • ASIC, FCA Regulated
  • 61 currency pairs & 100+ CFDs
  • Min. Deposit is $200
Tickmill Logo
Average EUR/USD Spread is 1.6 pips with Classic account.
FCA, CySEC Regulated
62 currency pairs & 22 CFDs
Min. Deposit is $100

Forex Trading Resources for traders in Philippines

How to Trade Forex in the Philippines

Choose for these resources based on your trading level. If you are a beginner then you should start from our "what is forex trading" guide? Then you should move on to our leverage & CFD trading guides.

Forex Trading Philippines: Q&As

What is Forex Trading?

Forex Trading involves speculation on the movement of currency pairs, and you make a profit (or loss) depending on the movement.

Forex is mainly traded as CFDs, which means that you are only making bet on the price without owning the actual asset. As an example, if you expect Euro to rise in value against the US Dollar, then you can place a buy order on EURUSD currency pair. If the EURUSD value increases during that time, then you would make a profit, but if it decreases then you would make a loss.

Currencies are traded in pairs which are broadly divided on 7 majors, 50+ minors & exotic currency pairs. The most traded currency pair are EURUSD, GBPUSD, USDJPY & AUDUSD.