5 Best PHP Account Forex Brokers

Finding a broker that supports your preferred base currency could be a challenge, so this list of the 5 Best PHP Account Forex Brokers are often employed by Filipino citizens who don’t want to incur additional fees by funding their trading accounts with other major currencies.

Currency conversions can significantly decrease the worth of your investment due to exchange rates and could discourage many Filipino citizens from trading.

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To accommodate Filipinos, several trusted Forex brokers have allowed clients to fund their accounts using PHP, which is the native Philippines currency.

Top 10 Brokers for 2024

Rank	Broker	Regulations	Min. deposit	Rating	Open account
#1		MiFID, FSA, ASIC, BVI, FFAJ, FSCA, ADMG, FRSA	$100	5/5	Click here
#2		FCA, FSA, FSCA, DFSA, CySEC, FSC	$5	4/5	Click here
#3		CySEC, FCA, SFSA, FSCA, CBCS, FSA, FSC	$10	4.5/5	Click here
#4		ASIC, FCA, FSCA	$50	3/5	Click here
#5		FCA, CySEC, ASIC, FMA	$100	3.5/5	Click here
#6		IIROC, JFSA, ASIC, FCA, CFTC	$50	2.5/5	Click here
#7		FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC	$0	4/5	Click here
#8		FCA, KNF, CySEC, IFSC	$0	4/5	Click here
#9		FSA	$5	4.5/5	Click here
#10		ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN	$200	3.5/5	Click here

Our 3 Best PHP Account Forex Brokers are:

🏆 Exness

🏆 IG

🏆 SuperForex

Exness

Founded in 2008, Exness is well-regulated and popular forex and CFD broker that is headquartered in Cyprus and the United Kingdom. Exness is known for providing retail forex traders from around the world with some of the best trading conditions and comprehensive solutions.

Exness offers an impressive portfolio of tradable financial instruments from different asset classes such as CFDs, cryptocurrencies, forex, and more. Exness provides tailored solutions and one of the benefits that Exness offers traders from the Philippines, is that trading accounts can be registered in PHP.

While there are several account types that traders can choose from, traders can trade financial instruments through two of the most powerful, most popular, and highly customisable trading platforms in the industry, MetaTrader 4 and MetaTrader 5.

These platforms are available across several devices and provide traders with a range of functionality, comprehensive charting capabilities, a plethora of tools and indicators, and much more.

Exness guarantees client fund security as a well-regulated broker with the necessary licenses and authorisation from:

• Seychelles Financial Services Authority (FSA)
• Cyprus Securities and Exchange Commission (CySEC)
• UK Financial Conduct Authority (FCA)
• South African Financial Sector Conduct Authority (FSCA)
• Central Bank of Curacao and Saint Maarten (CBCS)
• Financial Services Commission (FSC) in the British Virgin Islands

When trading through Exness, traders can expect competitive trading conditions that consist of tight spreads from 0 pips, low commission charges, and the use of leverage up to 1:2000.

Pros and Cons

IG

IG is a well-established and reputable broker that has been in operation since 1974. IG offers comprehensive trading solutions to a significant client base of more than 200,000 traders that are registered with the broker.

IG offers more than 17,000 tradable instruments which are spread across several asset classes, allowing traders to fully explore different financial markets. IG is well-regulated by large and reputable market regulators, thus ensuring client fund security.

IG is well-respected and one of few brokers that are publicly listed on a stock exchange, in this case, the London Stock Exchange (LSE). IG helps to empower informed and decisive traders regardless of whether they are beginners or professionals.

IG offers top class service to all its clients, and the business was built with the focus on the interest of the client to be profitable, especially to retain the client base that the broker has built since its inception.

IG has thousands of reviews showing a “great” rating, a true testament to the high quality of trading services and customer support that IG offers. IG has won different industry awards over the past few years, further instilling trust in the broker.

Some of the benefits that traders discover when they trade with IG are:

• Innovative trading tools that assist traders in conducting technical and fundamental market analysis.
• A range of trading resources and educational materials including seminars, and several others.
• Friendly and prompt customer support along with personalised services.
• Fast and reliable trade execution speeds.
• Competitive trading conditions.
• A choice between several different accounts, each with unique features that cater for different trading levels and styles.

Pros and Cons

SuperForex

Superforex was established in 2013 and is a well-regulated and popular ECN and STP broker headquartered in Belize, with regulation through IFSC in providing comprehensive trading solutions to traders from around the world.

SuperForex has a generous offering that consists of more than 400 financial instruments that can be traded through the popular MetaTrader 4 trading platform that can be used on the web, desktop PCs, and mobile devices that use either iOS or Android.

SuperForex provides traders with some of the best trading conditions in the industry, consisting of fixed or variable spreads, commission-free trading, and reliable trade execution speeds.

SuperForex offers traders a choice between dynamic and flexible trading accounts, flexible and reliable funding options, high leverage, and a plethora of social trading opportunities.

SuperForex has more than 200,000 clients from 150 countries worldwide, and the website is presented in 13 different languages, ensuring that many clients can receive services and solutions in their native language.

SuperForex is a No-Dealing Desk (NDD) broker that is partnered with several different liquidity providers that include Citibank, BNP PARIBAS, NATIXIS, and several others. The liquidity providers are responsible for providing the prices that SuperForex streams across all platforms.

According to the execution policy implemented by SuperForex, it is the sole execution venue for all client orders, and it also acts as the sole principal for all orders.

Apart from offering access to global financial markets, SuperForex is also actively involved in different Social Responsibility programmes where it helps less fortunate families, orphanages, and other underprivileged people in Malaysia, Indonesia, Thailand, and other regions.

Pros and Cons

Conclusion

Filipino citizens face greater challenges when finding a suitable Forex broker because of exchange rates and the lack of brokers that allow the funding of accounts with PHP.

The lack of compatibility with the native currency of the Philippines may lead to incurring additional transaction costs and a low minimum deposit in dollars will be a lot higher in PHP, which could discourage Filipino traders from investing at all.

Thankfully, the 5 Best PHP Account Forex Brokers have found a way to accommodate Filipino citizens by allowing them to fund their trading accounts with PHP.

Good luck with your trading!

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Disclaimer

Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.

The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.

FAQ

Can forex trading be profitable in the Philippines?

Yes, trading forex can be a profitable endeavour that brings in money for traders. However, to do this successfully, one needs time, commitment, patience, a sound trading strategy, and a trading plan.

How secure is online forex trading?

By using regulated and authorized brokers with high-level end-to-end encryption on their websites, traders can trade forex with confidence. This protects the confidentiality of their information and ensures that all transactions are safe.

Which brokers offer PHP accounts?

Our 3 Best PHP Account Forex Brokers are:

• Exness
• IG
• SuperForex