Best Forex Brokers To Trade With in the Philippines for 2020

Top Brokers

Forex Trading In the Philippines

As with most countries in South East Asia, forex trading has seen a significant increase in popularity across the Philippines over the past few years. Although forex trading is not illegal in the Philippines, it is considered a grey area and local residents are advised to trade with a broker who is authorized and regulated by the Securities and Exchange Commission of the Philippines – https://www.sec.gov.ph/

If you want to learn more about forex trading and how it works , click here to visit our Beginners Guide to Forex.

Featured Forex Brokers

We decided to do all the hard work for you and guide you through the all the noise of the financial betting market. Our team of expert analysts, has created a unique collection of forex broker reviews, based on various criteria and data points for you to choose from.

Markets.com

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FPMarkets

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Veracity Markets

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CMTrading

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Forex Regulation in the Philippines

The Securities and Exchange Commission of the Philippines is the regulatory body for all financial services and activities, as well as regulating the securities market in the Philippines. It was established in 1936 by the local Congress as part of the Securities Act. Nevertheless, it is not required to get authorization from SEC, in order to offer financial services and forex trading to the residents of the Philippines. Many offshore brokers offer services to the residents of the Philippines, induding high leverage and high bonuses.

However, it is advised to choose a regulated broker with a Tier 1 license like Cysec, FCA, FSCA or ASIC to make sure your funds are protected.

Top Brokers

Best Forex Brokers In the Philippines

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas. 

Our reviews are a combination of data research and working along side with the brokers. All information povided by the brokers are double checked to guarantee 100% accuracy and that we remain unbiased.

Read more about our methodology and how we do our tests and reviews here.