A CFD account is the only one compatible with MetaTrader 4 as well as a variety of other trading platforms. It is also possible to access DMA Direct Market Access pricing through Forex Direct. IC Markets has several copy trading platforms that distinguish it above other brokers, particularly ZuluTrade, which boasts one of the largest networks of copy traders globally and can integrate with MT4 or MT5 with a wide range of trading instruments available.

The broker also offers Myfxbook AutoTrade and cTrader algo for algorithmic trading, perfect for discretionary traders. We have previously noted that two-thirds of their trading comes from automated trading systems which is still the case.

There is also a MetaTrader Trading Signals platform, integrated with MT4 or MT5, which allows automatic real-time copying of trading operations from one trading account to another.

Be mindful of the misleading data on the homepage of their website, some of it is from Our updated spread module is to compare current average spreads against other brokers. You can open either a Standard or Raw Spread account with IC Markets. Both accounts offer competitive spreads, amongst the best for an STP broker. Raw Spread offers tighter spreads, due to sourcing liquidity from top tier providers, increasing your profit potential provided a firm understanding of market variables.

Commissions for this account are USD 3. These platforms can be used for web trading and on any Android or Apple device including Mac for MT4 so you can trade wherever you are, whenever you like. There is also a great range of MT4 trading tool options such as economic calendars and sentiment tools, while MT5 has more sophisticated features including advanced charting technology with the ability to trade more products most notably, CFDs.

IC Markets is also a very good choice for social trading. You can choose MyFXBOOK, ZuluTrade and MetaTrader Signal, all of which can integrate with MetaTrader platforms.

As has been mentioned in previous reviews, the SEC has issued two advisories stating forex trading is illegal as a means to discourage private individuals from trading currencies and local brokers from engaging in the forex business.

You can still trade Forex as a Philippines trader but we recommend using a global broker that has an offshore regulator I. regulators outside the Philippines. Every broker on this list can be used by Philippines clients to trade Forex legally.

The local regulatory body in the Philippines is the central bank of the Philippines, the Bangko Sentral ng Pilipinas BSP , which governs all foreign exchange transactions. Please note, international brokers are not required to be registered with the BSP. All brokers on this list are regulated and as a regulated broker, it is possible to have multiple regulators for different countries or regions they have subsidiaries.

Pepperstone, for instance, has 7: ASIC Australia , CySEC Cyprus , FCA UK , DFSA United Arab Emirates , BaFin Germany , CMA Kenya and SCB The Bahamas. This means Pepperstone is using the Bahamas subsidiary for Filipino clients. If you wish to know more about other brokers in the Philippines, take a look at our Top Forex Brokers in the Philippines Page.

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Lowest Spread Forex Brokers Lowest Commission Brokers High Leverage Forex Brokers Islamic Forex Brokers Crypto CFD Brokers Forex Demo Account ASIC Regulated Brokers CySEC Regulated Brokers. MetaTrader 4 Brokers MetaTrader 5 Brokers Spread Betting Platforms UK CFD Trading Platforms Automated Trading Software Scalping Trading Software Beginner Trading Platforms Micro Currency Platforms.

Pepperstone Review IC Markets Review FP Markets Review CMC Markets Plus Review eToro Review IG Review FXCM Review. Home » Compare Forex Brokers » Best Forex Trading Platforms Philippines.

Best Forex Trading Platforms Philippines The Best Forex Trading Platforms in the Philippines give you multiple indicators for trading, have automation EAs tools and allow social trading. Written by Justin Grossbard. Written by Justin Grossbard Co Founder. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here. Best Forex Trading Platforms Philippines Here are the best trading platforms and brokers for Filipino traders Eightcap - Has The Best Range Of Markets For MT5 TMGM - The Top Forex Broker For The MT4 Trading Platform Pepperstone - Has A Great Range of Trading Platforms Admiral Markets - Has A Good Mobile Trading Platform IG Markets - Best Platform As It Has Risk Management For Beginners IC Markets - Great Social Trading Tools For MT4 and MT5.

Visit Site. Our Rating. Eightcap review. TMGM Review. Review Of Pepperstone. Admiral Markets Review. Review Of IC Markets. ASIC Australia. FSA Seychelles. SCB Bahamas. VFSA Vanuatu. Other Regulators. Raw Spread. Commissions USD Base. Minimum Deposit.

Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees. Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max. Leverage With offshore regulators.

MetaTrader 4 MT4. MetaTrader 5 MT5. Proprietary Platform. Automated Trading. Standard Stop Loss. Guaranteed Stop Loss. Demo Account. Unique Feature. Best Forex Trading Platforms Philippines There are a lot of variables to consider when it comes to trading platforms.

Eightcap Has The Best Range Of Markets For MT5 Eightcap specialises in the MetaTrader platforms, offering both MT4 and MT5. Fast Execution And Tight Spreads Having servers in the Equinix data centre in Tokyo TY3 allows Eightcap access to a large number of tier-1 liquidity providers to deliver fast execution speeds and optimal performance while trading. Trading Accounts Eightcap gives you two account options to choose from Standard or Raw Trading accounts. ECN Broker Spreads. Our Rating The overall rating is based on review by our experts.

TMGM Is The Top Choice For The MT4 Trading Platform TMGM has a unique benefit that few brokers offer. Versatile Trading Apps TMGM offers flexible app options for MT4 to suit your preferred device of mobile, tablet, desktop or WebTrader. Trading Accounts TMGM gives you three account options: Classic, Edge and IRESS. Additional Trading Platforms TMGM offers three additional platforms that can be integrated with MT4: HUBX, TradeView X and Trading Central.

Pepperstone Has A Great Range Of Trading Platforms Pepperstone has the best range of trading platforms of any broker on this list. These platforms include: MT4 and MT5 cTrader TradingView integration with cTrader Three more social trading platforms: MyFxBook MetaTrader Signals DupliTrade Choice of Trading Platforms MT4 is recommended for Forex trading still the most popular globally , while MT5 is its successor, designed for CFD trading especially non-Forex products with faster processing times and more advanced trading customization.

Great Trading Tools Pepperstone also offers several great trading tool add-ons including SmartTrader, cTrader Automate and Autochartist. Check the tier-1 regulators the broker is regulated with. Here is how you can do this using XM as an example you can follow these steps using other brokers too. At the footnote of xm. com, you will see that the parent company for XM is Trading Points as shown below.

ASIC and the FCA are major tier-1 regulators. The first step is to go to asicconnect. On the home page, under search ASIC register, select organization and business name and input Trading Point. The illustration is shown below. Finally, click on go. You should have your final search result displayed as shown here. Overall fees should not be high. You lose money when you trade so giving extra money to your broker because of high fees is not helpful.

Typical spreads should be low as well and if possible, no extra commission per lot. You have to check this by yourself. Here is a guide on how to go about it for OctaFX. Go to octafx. The page that follows will show you the spread for currency pairs. A limited number of CFDs will limit the number of markets you are can trade.

Your CFD broker should not only offer a good range of CFDs. The number must also be substantial for a good trading experience. We will explain the steps using XM broker as an example. Go to xm. Fill in your personal details and trading account details, and proceed to the next step. Do not forget to check the terms and conditions box. Forex trading is not legal in Philippines.

Forex traders in Philippines do so at their own risk because forex trading is not regulated in the region. No forex broker is the best. However, if you want to limit risk, only choose a forex broker with multiple tier-1 regulators. According to our review, IC Markets and HotForex charge the lowest fees. Best Forex Brokers in the Philippines There are no regulated Forex Brokers in the Philippines. Best Forex Brokers.

Forex Trading Platforms. Forex Trading. Editor Updated on July 23, Open Account. It is converted to your chosen base currency by XM. XM does not charge commissions for forex trading.

They make their money from the spread and the swap. XM Cons The swap for major pairs is high. There is no Peso-based trading account Philippines-based traders are registered under an offshore regulator. OctaFX Pros OctaFX offers copytrading. OctaFX does not charge extra commission per lot You can trade cryptocurrencies. Multiple trading platforms. No Philippine Peso base account. You can only deposit in USD or EUR.

Limited number of CFDs. No tier-1 regulation. Stock CFDs are not available on MT4. FBS Pros FBS offer multiple trading accounts with different minimum deposits. You can deposit and withdraw funds via local exchangers.

This means you can carry out your transactions in Pesos.

Pepperstone is one of the most reputable fx brokers in the world trusted by thousands of satisfied traders. Visit Pepperstone. Out of all brands that can be found in the comparison table on this page, Pepperstone seems to be the most preffered licensed forex broker in the Philippines for a good reason. If you are a newbie in forex trading , then you should definitely choose a broker which meets certain requirements:. The major financial market agency is the government owned BSP which means Banco Sentral ng Pilipinas in english it means the Central bank of Philippines.

As the central bank it is in charge of maintaining the inflation rate in acceptable levels, monitoring the growth of the GDP and unemployment rate and last but no the least protecting local Philippine peso PHP currency stability.

Established by the government in the main financial markets regulatory body is SEC — Securities and Exchange Commision of Philippines which overlooks the local financial market and its main role is to protect investors from fraud and ensure the stability of the capital market.

They also issue the licenses to financial companies operating locally on the Philippines territory. They have been working in the recent years to achieve the higher transparency of the capital market and also aim to educate small investors in order to protect them from scam.

If you ever face any issue with a particular forex brokerage, you can submit a complaint through the online form on the website www. There are some local forex brokerages who are listed by Sec. This is due to a fact there are not yet many top firms physically located in the Philippines, since the currency trading market is still pretty small here and just slowly developing to a more mature stage. However with hundreds of brokers on the market, it is not easy to figure out which company is serious to deal with!

We want to help you to start with forex trading and become profitable as fast as possible,therefore we prepared and regularly update the above table with comparison of the best forex companies! If you are just starting out, we recommend to try Webtrader first before moving to Metatrader 4 as it requires a steep learning curve.

Watch out for fees level as they are pretty important. Avoid those who charge inactivity fees and compare the spread with competition if you are in doubt. Yes it is legal as long as you choose a regulated forex trading company. As the economy of Philippines continues to grow, there are more and more locals open forex accounts with foreign forex companies who offer them the best trading services. Are you uncertain about some forex brokers?

Feel free to ask below in comments! Our staff is monitoring this forum and replying to all questions usually within 48 hours. Edward Kendy MBA is a CEO and the head of forex brokers research at BestOnlineForexBroker.

com with 17 years of experience in personal finance and veteran forex trader. See author's posts. In this article you can find the comparison of best forex brokers in the Philippines.

COM — Trusted FX Brand Across the World IQ Broker — Great for all Trading Activities IC Markets — Best Free FX Demo Account Plus What we like. Edward Kendy Edward Kendy MBA is a CEO and the head of forex brokers research at BestOnlineForexBroker. Table of Contents.

View Market. Other Regulators. FBS is regulated with top-tier bodies like ASIC and the FCA temporary permission. ASIC Australia. VFSA Vanuatu. Best Forex Brokers Philippines Post author By George Rossi Post date July 29, No Comments on Best Forex Brokers Philippines Trading Accounts The main account type is a CFD account, while there is also a demo account available.

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