Company

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details
CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Philippines

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose
For Philippines?

scored best in our review of the top brokers for philippines, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages
  • Leverage up to

offers one way to trade: . If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being established for over years, and much more. For comparison:

Trust Score comparsion

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you'll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn't available in the following countries: . They do not offer islamic accounts either.

Part 3

A Comparison of vs. vs.


Want to see how stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Spread type
EUR/USD Spread
EUR/GBP Spread
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

IG

www.ig.com

IG offer traders over 40 years of experience in the industry, throughout which they have pioneered a range of developments, pushing the industry forward with their innovations. They started out as the first firm to offer spread betting services on gold in the UK, and have since grown their operation to include 15,000 markets which are offered to in excess of 180,000 clients around the world.

With a number of offices in Asia, a variety of different language websites, and round the clock customer service, IG are well suited to traders from the Philippines. Furthermore, to demonstrate their commitment to good practice in the industry, IG are accountable to a number of different regulatory regimes, including the EEA-wide MiFID (Marketing in Financial Instruments Directive), and the stringent rules of the UK’s Financial Conduct Authority.

IG offer clients the opportunity to speculate on the direction that the underlying markets will move in through products such as contracts for difference (CFDs) and spread bets. These ensure that customers can take out short positions when markets are moving downwards, and are not restricted in their trading decisions.

Their platforms can be accessed in a variety of different languages, and allow clients to trade through their web browser, without having to download additional software on to their desktop computers. Alternatively, clients can download the mobile apps. Both of these facilities were developed by IG, putting them firmly at the forefront of the industry again.

Filipino traders can select the Philippines as their country of residence when opening an IG account, and can also benefit from a variety of different convenient deposit methods, including bank transfers and credit/debit card deposits.

AvaTrade

www.avatrade.com

AvaTrade are one of the top online brokerage services providers for traders around the world. The company was established in 2006 and have since acquired over 200,000 customers who place in excess of 2 million trades per month. AvaTrade are suitable for customers from the Philippines, with customer services helplines available in the region in China, Hong Kong, Taiwan, Malaysia, Singapore, and Korea. AVA Trade Ltd. are the international entity and are authorised to provide trading services from the BVI Financial Services Commission. The company’s website is offered in excess of 15 different languages, including English, which is widely spoken in the Philippines.

One of the most attractive features of AvaTrade is the access it provides to so many markets and financial instruments. These include cryptocurrencies such as Bitcoin and Ethereum, individual company stocks, corporate and government bonds, a wide range of commodities, and many popular indices. Forex pairs can also be traded through the MetaTrader 4 platform. Other platforms available include AvaTradeAct, which allows access to the full range of markets and has many additional advanced features to help traders. All of AVA Trade’s platforms are accessible through online browsers and can also be downloaded to mobile phones as apps.

Traders can benefit from free educational resources offered on the company’s website including eBooks, webinars, videos, articles and market indicators. A dedicated learning platform, SharpTrader, has recently been launched by the company for its customers. AVA Trade globally accepts two primary deposit methods including wire transfers (minimum $500) and debit/credit card deposits (minimum $100). A base currency of EUR, USD, AUD or GBP can be selected when opening an account. Clients can open a free demo account without the need to deposit any funds and have access to $100,000 virtual currency to trial the platforms with.

XTB

www.xtb.com/int

XTB International Limited (XTB) are a subsidiary of XTB Group, operating in several jurisdictions around the world, including the Philippines. The international offering is regulated and authorised by the International Financial Services Commission (IFSC) based in Belize, which is a center for international financial services. XTB also have offices based in Belize, as well as Poland, Germany, Spain, France, the UK, and Chile.

The XTB website is available in a number of different languages, including English, French, Spanish, Italian, Chinese and Romanian. Clients from the Philippines can use the international version of the website, which is in English, or select their preferred language version of the website to access the information and learning materials provided.

Just some of the features that XTB offer clients include: total transparency, with access to market depth and liquidity information; a comprehensive charting package with the ability to place trades from within the charting tools; an easy to use trading platform which boasts extra fast execution speeds and many other powerful features; and access to over 1500 financial markets.

Clients from the Philippines are offered two different account types with XTB. The Standard Account offers floating spreads whereas the Pro account offers market spreads. There are other minor differences between the two accounts, including commission charges. Traders can open accounts by depositing funds from their bank account or through their ewallet accounts. A base currency of USD is applied for international traders.


Jump to top
Loading icon