Quick Verdict — Philippines Traders
Best Overall
Exness
Higher overall score & more features
Best Spreads
FxPro
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Philippines Muslims
Best for Beginners
Exness
Better education & support
Head-to-head comparison
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.
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Overall Scores Comparison
Exness
FCA · CySEC · ASIC
3.5
CompareBroker score
Winner
VS
FxPro
FCA · CySEC · FSCA
3.1
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| 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 | $10 | $100 | Exness |
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.
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Account Types Comparison
| Account Type | Exness | FxPro |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $10 | $100 |
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Leverage Comparison - Philippines Traders
| Entity / Asset | Exness | FxPro |
|---|
| Philippines (offshore) | Up to 1:2 | Up to 1:500 |
| Forex major pairs | 1:2 | 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 |
Leverage Warning for Philippines Traders
Traders in Philippines typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| 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 |
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Execution Quality - Speed & Slippage
| 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.
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Regulation & Safety for Philippines 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.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Philippines traders may differ by entity.
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Deposits & Withdrawals for Philippines
| 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.
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Islamic Accounts - Swap-Free for Philippines Muslims
| 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.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| 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 |
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Education & Research Tools
| Resource | Exness | FxPro | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Exness |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
Exness
Pros
+Top-tier regulated
+Islamic swap-free account
+24/7 customer support
Cons
-No TradingView
FxPro
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
👤
Who Should Use Which Broker? - Philippines Guide
Choose Exness if you...
- Are a mobile-first trader who needs GCash or PayMaya deposits.
- Want the lowest spreads (from 0.0 pips) to maximize profits.
- Are an OFW looking to invest remittances with fast withdrawals.
- Prefer 24/7 customer support in Tagalog.
Choose FxPro if you...
- Need cTrader for advanced charting and algorithmic trading.
- Trade a wide variety of instruments, including indices and commodities.
- Prefer a broker with a longer track record (since 2006).
- Are comfortable with bank transfers or USDT deposits.
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FAQ - Exness vs FxPro in Philippines
Is Exness or FxPro better for Philippines?
+Can Philippines traders use both brokers legally?
+Which broker has lower spreads for Philippines traders?
+How do Philippines traders deposit at Exness and FxPro?
+Do both brokers offer Islamic accounts for Philippines?
+Final Verdict - Philippines 2026
Exness wins overall
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.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
