Best Forex Brokers in the Philippines for 2026
Compare top regulated forex brokers accepting Filipino traders with GCash & Maya deposits. Low minimum deposit from ₱300. MT4/MT5 platforms with tight spreads.
Written by
James Wilson
Fact Checked by
Edith Balazs
Top 10 Forex Brokers for Philippine Traders in 2026
Forex trading is rapidly growing in the Philippines, with millions of Filipinos participating in the global currency markets. Our experts tested 50+ brokers to find the best forex brokers in the Philippines for 2026. Exness leads our rankings with instant GCash deposits and PHP accounts, followed by XM (best for beginners) and IC Markets (best for low spreads). All recommended brokers are regulated by FCA, ASIC, or CySEC and offer MT4/MT5 platforms with local payment methods including GCash, Maya (formerly PayMaya), GrabPay, and BPI bank transfers.
What is the best forex broker in the Philippines for 2026?
Exness is the best forex broker in the Philippines for 2026, offering instant GCash deposits, PHP accounts, low spreads from 0.8 pips, and fast withdrawals. It's regulated by FCA, CySEC, and FSCA.
Key Features for Philippine Traders
Compare essential features of forex brokers available to traders in the Philippines.
| Broker | ||
|---|---|---|
| Exness | None | $10 |
| XM | None | $5 |
| HotForex | None | $5 |
| RoboForex | None | $10 |
| IC Markets | $3.50/lot | $200 |
| Pepperstone | $3.50/lot | $0 |
| FBS | None | $1 |
| OctaFX | None | $25 |
| Tickmill | $2/lot | $100 |
| Vantage | $3.00/lot | $50 |
Detailed Broker Analysis
Most popular forex broker in the Philippines.
Exness is extremely popular in the Philippines, offering instant GCash and GrabPay deposits/withdrawals, PHP accounts, and unlimited leverage options.
Excellent education and welcome bonuses.
XM offers comprehensive educational resources, free webinars, and attractive bonuses, making them ideal for Filipino beginners.
Best raw spreads for professional traders.
IC Markets delivers true ECN pricing with spreads from 0.0 pips, ideal for scalpers and high-volume traders in the Philippines.
Razor-sharp spreads and fast execution.
Pepperstone offers institutional-grade execution with no minimum deposit, making them accessible to Filipino traders of all levels.
Low minimum deposit and high leverage.
FBS offers the lowest entry barrier with just $1 minimum deposit and popular GCash payment integration for Filipino traders.
Diverse account types and bonuses.
HotForex offers multiple account types including PAMM and copy trading. Popular with Filipino traders for its diverse instruments and bonus programs.
No-commission trading platform.
OctaFX provides commission-free trading with competitive spreads. Their social trading features are popular among Filipino traders.
Ultra-low commission specialist.
Tickmill offers some of the lowest commissions at $2/lot on their Pro account. Ideal for active Filipino traders seeking tight spreads.
High leverage and diverse platforms.
RoboForex offers leverage up to 1:2000 and supports crypto deposits. Their CopyFX platform allows following successful Filipino traders.
Fast account opening and ECN access.
Vantage offers account opening in minutes and competitive spreads. Their RAW ECN account provides professional trading conditions for Filipino traders.
Frequently Asked Questions
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January 2026