Best Forex Brokers Philippines 2023

AvaTrade are one of the top online brokerage services providers for traders around the world. The company was established in 2006 and has since acquired over 200,000 customers who place in excess of 2 million trades per month. AvaTrade is 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 by 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 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 has 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 e-wallet accounts. A base currency of USD is applied for international traders.