Best Forex Brokers in the Philippines for 2025

Company	Accepts PH Residents	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
IG	check		£250.00	0.98 info

IG is my top pick for forex traders in the Philippines in 2025. Founded in 1974 and publicly traded on the London Stock Exchange (LSE: IGG), IG is regulated in eleven Tier-1 jurisdictions and has earned our 2025 Annual Award for #1 Overall Broker based on its robust platforms, extensive market access, and reliability.

Philippine residents can access IG’s services through its offshore entities, which are regulated under the UK’s FCA or ASIC in Australia, depending on account setup. While IG does not currently hold a license with the Philippine SEC, it is considered a trusted global broker that complies with top-tier regulatory standards and serves Filipino traders under international guidelines.

Platform: IG’s proprietary web and mobile platforms are among some of the best in the industry. The browser-based trading platform is fast and user-friendly, with powerful charting, integrated Reuters news, and customizable watchlists. The IG Trading app delivers an easy-to-use mobile experience with the same professional-grade tools as the web platform. MetaTrader 4, ProRealTime, and API connectivity are also available, making IG a strong fit for beginner and advanced traders.

Pricing: IG’s pricing model in the Philippines is competitive, with spreads on major pairs like EUR/USD averaging 0.69 pips during peak trading hours, though they can widen during less liquid times. While IG primarily uses a spread-only model on standard CFD accounts, traders seeking lower costs can access its DMA-based Forex Direct account, which features tighter spreads plus a commission starting at $60 per million traded. High-volume traders benefit from a tiered rebate program that can reduce costs further. The minimum deposit for most accounts is around $300 USD, while the DMA account requires at least £1,000.

Company	Accepts PH Residents	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
Interactive Brokers	check		$0	0.59 info

Interactive Brokers (IBKR) is a standout option for professional traders in the Philippines who demand institutional-grade tools and global market access. Founded in 1977 and publicly traded on NASDAQ (IBKR), the broker is regulated in nine Tier-1 jurisdictions.

Filipino clients are served through Interactive Brokers’ offshore entities, regulated by bodies like the UK’s FCA or ASIC. While it is not locally regulated by the Philippine SEC, IBKR is a globally trusted name and provides robust protections under international financial laws.

Platform: IBKR’s Trader Workstation (TWS) is built for experienced traders and gives you a lot of flexibility in how you trade. From multi-asset trading and real-time risk management to algorithmic strategies and advanced order types, TWS has versatility. The newer IBKR Desktop and IBKR Mobile platforms also offer more approachable interfaces while retaining much of the broker’s core functionality.

Pricing: Forex spreads are tight, with EUR/USD averaging 0.2 pips, but IBKR operates on a commission-based model. Commissions start at $2 per side, and this can add up for smaller trades. Unless you're trading a standard lot (100,000 units) or more, the minimum commission may impact cost-efficiency. That said, there’s no minimum deposit, and high-volume traders can benefit from volume-based pricing discounts.

Company	Accepts PH Residents	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
FOREX.com	check		$100	1.4 info

FOREX.com is an excellent choice for Filipino traders who value education and a solid all-around trading experience. Founded in 1999 and part of the publicly traded StoneX Group (NASDAQ: SNEX), FOREX.com is regulated in multiple Tier-1 jurisdictions, including the UK FCA, CFTC, and ASIC, and accepts clients from the Philippines under international oversight.

The broker stands out for its dedication to trader education. Its Trading Academy is one of the best I’ve seen, offering structured learning paths, quizzes, progress tracking, and content tailored for beginner, intermediate, and advanced traders. I awarded it #1 for Interactive Educational Experience the year it launched, and it’s only improved since then.

Platform: FOREX.com supports MetaTrader 4, MetaTrader 5, and its own proprietary web and mobile platforms. The platforms are intuitive and well-equipped, offering powerful charting, integrated research, and trading tools like Performance Analytics, which helps traders analyze their own behavior and improve strategy.

Pricing: FOREX.com offers both spread-only and RAW Spread accounts. The Standard account has spreads around 1.4 pips on EUR/USD, while the RAW account features tighter spreads (as low as 0.2 pips) plus a commission of $6 per round-turn. The minimum deposit is $100 USD, making it accessible for newer traders. Overall, FOREX.com is a great all-around broker that delivers on education, platform quality, and regulatory credibility.

Unfortunately, there is not a list of authorized forex brokers, however, residents can currently view a list of registered firms on the SEC website, or contact an office to verify the authorisation of a broker.

The exchange of local currency is regulated under Circular Number 1389 and applicable to authorized agent banks (AAG), but retail forex trading is not legal in the Philippines nor are any local brokers licensed to offer forex and CFDs, according to the local financial market’s regulator (the SEC Philippines). The SEC Philippines has repeatedly advised the public to stop engaging in foreign exchange trading and warned against trading CFDs and other off-exchange derivatives offered by international brokers.

This highly conservative stance against forex is representative of the government's long-standing view that margin-based derivatives such as forex and CFDs are not suitable investments. The government's position is meant to protect local residents from losing money to scam forex brokers. In a 1993 case brought to the Supreme Court of the Philippines, Onapal vs. Court of Appeals, the court ruled that commodity futures contracts (including forex and CFDs) are considered to be “purely gambling and declared null and void by law.” This ruling is referenced in an SEC Advisory, dated November 2013, and the SEC’s latest advisory regarding the illegality of forex in the Philippines was in October 2018.

Yes, citizens and residents of the Philippines must declare all of their worldwide income, including income from any forex brokerage accounts with international brokers. If you are not a resident or citizen of the Philippines, your countries of residence and/or citizenship will have their own tax obligations.

The Bureau of Internal Revenue of the Philippines further states that in the event of double taxation from other countries and/or potential tax treaties, residents are still obliged to report all foreign-sourced income to the Philippines government. In cases where there are tax treaties, residents can apply for a Tax Residency Certificate using their Tax Identification Number (TIN).

Note: If you are a resident or national citizen of the Philippines, be sure to contact a local tax accountant to learn how the local tax laws apply to you.

IG is my top choice among forex brokers that hold regulatory licenses around the world, and accept residents of the Philippines. IG is a highly trusted, publicly-traded brand that operates a bank and ranks at the top across nearly every category important to forex traders. That said, it’s important to note that the SEC Philippines warns its residents against forex trading, as it is not a locally regulated activity. To learn more about why I've rated IG so highly for so many years, check out my full-length IG review.

IG's mobile trading apps

IG's trading platforms