We found 11 online brokers that are appropriate for Trading Bsp.
Disclaimer: The information provided here is for educational purposes only and does not constitute financial advice. Forex trading involves significant risk, and you should conduct thorough research before engaging in any financial activity.
The regulation of Forex brokers in the Philippines is a complex issue. While the financial landscape is growing, trading Forex with leverage is currently not legal in the Philippines as per the Securities and Exchange Commission (SEC) advisory.
The Bangko Sentral ng Pilipinas (BSP) is responsible for ensuring financial stability in the Philippines. Its key roles include overseeing monetary policies, managing liquidity, and maintaining the nation's currency reserves.
Although the BSP plays a crucial role in financial regulation, it does not regulate Forex brokers. The BSP focuses on maintaining economic stability rather than overseeing Forex trading activities.
Forex trading with leverage is currently illegal in the Philippines, and the SEC has not issued licenses for Forex brokers to operate in the country. This means that, as of now, there are no domestically regulated Forex brokers offering leveraged trading services.
The SEC's stance is to protect investors from potential fraud and risks associated with Forex trading, which can be highly volatile and complex.
Yes, Filipino traders can still access Forex trading by using foreign brokers that are regulated by reputable authorities like the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC). However, it is important to note that these brokers are not regulated by the SEC or BSP, and this means there is no local protection if disputes or issues arise.
When choosing a foreign broker, ensure they are regulated by well-known authorities and offer transparency in their operations. This minimizes the risk of fraud and other potential pitfalls.
The financial markets in the Philippines are growing, but the regulatory environment for Forex trading is still developing. Filipino traders who wish to participate in Forex trading should be aware of the legal limitations and the associated risks of dealing with unregulated brokers.
It's advisable to conduct thorough research and seek guidance from financial professionals before engaging in Forex trading in the Philippines. Until local regulations become clearer, exercising caution and dealing with reputable foreign brokers is the safest option for Filipino traders.
We have conducted extensive research and analysis on over multiple data points on Bsp Brokers to present you with a comprehensive guide that can help you find the most suitable Bsp Brokers. Below we shortlist what we think are the best bsp brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Bsp Brokers.
Selecting a reliable and reputable online Bsp trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Bsp more confidently.
Selecting the right online Bsp trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for bsp trading, it's essential to compare the different options available to you. Our bsp brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a bsp broker that best suits your needs and preferences for bsp. Our bsp broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Bsp Brokers.
Compare bsp brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a bsp broker, it's crucial to compare several factors to choose the right one for your bsp needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are bsp brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more bsp brokers that accept bsp clients.
Broker |
IC Markets
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XTB
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XM
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AvaTrade
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FP Markets
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webull
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tradezero
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eaglefx
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skilling
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forextb
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hugosway
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | SEC (Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority), SIPC (Securities Investor Protection Corporation), NYSE (New York Stock Exchange), NFA (National Futures Association), CFTC (Commodity Futures Trading Commission), CBOE EDGX (Cboe EDGX Exchange, Inc.) | SCB (Securities Commission of the Bahamas) (SIA-F151) | Unregulated | CySEC (Cyprus Securities and Exchange Commission) (357/18) | CySEC (Cyprus Securities and Exchange Commission) (272/15), CIF (Cyprus Investment Firm) | Unregulated |
Min Deposit | 200 | No minimum deposit | 5 | 100 | 100 | No minimum deposit | 500 | 50 | 100 | 250 | 10 |
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Used By | 200,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 200,000+ | 20,000,000+ | 250,000+ | 10,000+ | 25,000+ | 10,000+ | 10,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | Webull Desktop, WebTrade, Webull Mobile, Mobile Apps, Android (Google Play), iOS (App Store) | ZeroPro, Desktop, Web, ZeroWeb, ZeroFree, ZeroMobile, Android (Google Play), iOS (App Store) | MT4, PC, Web Trading, MT4, Mobile Apps, iOS (App Store), Android (Google Play) | Skilling Trader, Skilling cTrader, Skilling MT4, PC, Mac, Mobile Apps, Android (Google Play), iOS (App Store), Web, Skilling Copy | MT4, PC, Mac, Mobile Apps, Android (Google Play), iOS (App Store), WebTrader, Professional Client | PRO4, Windows, Web, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
Sign
Up with icmarkets |
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Up with xtb |
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Up with xm |
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Up with avatrade |
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Up with fpmarkets |
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Up with webull |
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Up with tradezero |
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Up with eaglefx |
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Up with skilling |
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Up with forextb |
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Up with hugosway |
Risk Warning | Losses can exceed deposits | 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor | Your capital is at risk |
Demo |
IC Markets Demo |
XTB Demo |
XM Demo |
AvaTrade Demo |
FP Markets Demo |
Webull Demo |
TradeZero Demo |
EagleFX Demo |
Skilling Demo |
ForexTB Demo |
HugosWay Demo |
Excluded Countries | US, IR, CA, NZ, JP | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE |
You can compare Bsp Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Bsp Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Bsp brokers below.