Which broker is better for Philippines traders in 2026? Expert analysis across 12 categories.
When choosing a forex broker in the Philippines, Exness and FxPro are two leading options, but they cater to different trader needs. Exness, with a 4.8/5 rating, is a top pick for mobile-first traders and OFWs who rely on remittance investments. It supports local payments like GCash, PayMaya, bank transfers, and USDT, making deposits and withdrawals seamless. FxPro, rated 4.1/5, is a well-established broker with a strong focus on MetaTrader platforms and a wide range of instruments. Both are regulated by the SEC Philippines, ensuring a secure trading environment. However, for Philippines traders seeking low costs, flexible funding, and mobile-friendly trading, Exness stands out. This comparison breaks down spreads, platforms, and local support to help you decide.
| Instrument | Exness | FxPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FxPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FxPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FxPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FxPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $100 | Tie |
Exness offers significantly lower spreads than FxPro, which is crucial for Philippines traders who trade frequently. On its Raw Spread account, Exness starts from 0.0 pips with a commission of $3 per lot, while FxPro’s average spreads on MT4 are around 0.2 pips for major pairs. For high-volume traders, Exness can save hundreds of dollars annually. FxPro’s costs are higher but include no commission on standard accounts. Both brokers have no hidden fees for Philippines-based accounts, but Exness’s tighter spreads make it more cost-effective for scalpers and day traders.
| Account Type | Exness | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $100 |
| Entity / Asset | Exness | FxPro |
|---|---|---|
| Philippines (offshore) | Up to 1:2000 | Up to 1:500 |
| Forex major pairs | 1:2000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | Exness | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Exness |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Exness |
| Crypto CFDs | 30+ | 20+ | Exness |
| Stocks / Share CFDs | ✗ | 1,700+ | FxPro |
| ETFs | ✗ | ✗ | Tie |
| Platform | Exness | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Exness and FxPro both offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among Philippines traders for their mobile apps and analysis tools. Exness also provides its own web platform, ideal for mobile-first users who trade on smartphones. FxPro stands out with cTrader, a platform known for fast execution and advanced charting. For Philippines traders who value simplicity and mobile access, Exness’s proprietary platform is a plus. FxPro’s cTrader is better for experienced traders needing advanced features.
| Factor | Exness | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | Exness |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Exness uses a No Dealing Desk (NDD) model with average execution speeds of 0.1 seconds, ideal for scalpers in the Philippines. FxPro offers ECN execution with speeds around 0.2 seconds. Both are reliable, but Exness’s faster execution and lower slippage benefit high-frequency traders.
| Safety Factor | Exness | FxPro |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both Exness and FxPro are regulated by the Securities and Exchange Commission (SEC) Philippines, ensuring compliance with local laws. Exness is also regulated by the FCA (UK) and CySEC, adding an extra layer of international oversight. FxPro is regulated by the FCA, CySEC, and SCB (Bahamas). For Philippines traders, SEC regulation means fund segregation and dispute resolution are available. Exness’s multi-regulator status provides greater security, especially for larger deposits.
| Payment Method | Exness | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | crypto takes 30–60 minutes, and bank cards or wires take 1 to 5 business days | 1 business day |
Exness supports a wide range of local payment methods popular in the Philippines, including GCash, PayMaya, bank transfers (e.g., BDO, BPI), and USDT. Deposits are processed instantly with no fees, and withdrawals are fast, often within 24 hours. FxPro primarily accepts bank transfers and USDT, with limited support for local e-wallets. For Philippines traders, Exness is more convenient, especially for OFWs who use GCash or PayMaya for remittances. Bank transfers are available at both brokers but may take 1-3 business days. USDT deposits are supported by both, ideal for crypto-savvy traders.
| Islamic Account Feature | Exness | FxPro |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Exness and FxPro both offer Islamic (swap-free) accounts for Philippines Muslim traders. Exness provides Islamic accounts on all account types (Standard, Raw Spread, Zero) without requiring a minimum deposit. FxPro offers Islamic accounts on request, with no swap charges on overnight positions. These accounts comply with Sharia law, making them suitable for traders in Mindanao and other Muslim-majority areas. Exness’s automatic availability is more convenient.
| Support Feature | Exness | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✓ | ✗ | Exness |
| Response time (chat) | <2 minutes | <3 minutes | Exness |
Exness offers 24/7 multi-language customer support, including Tagalog-speaking agents, via live chat, email, and phone. FxPro provides 24/5 support in English and other languages, but lacks dedicated Tagalog support. For Philippines traders, Exness’s round-the-clock help and local language support are a clear advantage.
| Mobile Feature | Exness | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Exness |
| Google Play rating | 4.3 stars | 4.2 stars | Exness |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | Exness | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Exness |
Choose Exness if you...
Choose FxPro if you...
For Philippines traders in 2026, Exness is the superior choice overall. It offers lower spreads, supports local payment methods like GCash and PayMaya, and provides 24/7 Tagalog support—all critical for mobile-first traders and OFW investors. FxPro is a reliable alternative for those who need cTrader or a broader product range, but its limited deposit options and higher costs make it less practical for everyday use. Both are regulated by SEC Philippines, but Exness’s local focus and higher rating (4.8/5 vs 4.1/5) give it the edge. Choose Exness for cost-effective, convenient trading in the Philippines.