As one of the most vibrant and dynamic economies in the East Asia Pacific region, it is perhaps little surprise that forex trading has exploded in popularity in recent years, with a number of forex brokers now available in the region. The dynamism of the Philippines economy has brought with it rapid rises in living standards across this scattered island nation. And with rapidly increasing urbanisation, a growing middle class, and a large and young population, the Philippines has all the right characteristics to become an online trading hub in the years and decades to come.

Despite global shocks such as  the COVID-19 pandemic, the Philippines’ economy grew by 7.6% in 2022, an increase on the 5.7% growth it saw in 2021. The poverty rate has also declined over recent years, dropping from 23.3% in 2015 to 18.1% in 2021.

In the Philippines, online trading such as forex is primarily regulated by the Securities and Exchange Commission (SEC), which is largely modelled on other international regulators such as those found in the US and the UK. Unlike its foreign counterparts, however, the Philippines SEC has taken a somewhat adversarial stance on online brokerages. As such, the market has increasingly come to be serviced by players outside the forex broker Philippines region. Despite these restrictions, online forex trading remains popular across the country. And with a growing number of broker forex Philippines launching, there has never been a better time to get started!

With that said, if you want to see what the best forex broker Philippines has to offer, keep reading to get a broad overview of what the market currently has to offer. Use these guides to assess their reliability and trustworthiness, as well as the features they have on offer. Take the plunge and get started today!

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Broker Features Regulator Platforms Next Step
Number One Broker logo74% of clients lose money. Capital at risk. Founded: 1999

- Trusted Global Market Leader
- Online FX & CFD Trading
- 180+  Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
- Forex, Indices, Commodities, Equities & Bitcoin
- Available to US traders

CFTC, CIMA, FCA, FSA, IIRO, NFA FOREXTrader & MT4 for PC, MAC, iPhone, iPad and Android, WebTrader
Oanda Logo77% of retail CFD accounts lose money Founded: 1996
Your capital is...
  • Choose from four high-quality platforms.
  • Good trading conditions with fast execution speeds
  • Excellent research and analysis
  • Strong client protection
  • Winner of Most Popular Broker award for three consecutive years.
  • Fees and commissions are inline rather than market-leading.
  • Satisfactory rather than impressive range of instruments.
eToro LogoYour capital is at risk Founded: 2019

- Trade 15 cryptocurrencies
- Beginner friendly

- eToro

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