Five of the Top Regulated Forex Brokers for Philippine Traders in 2022

Dealing in foreign exchange, or forex trading, is more popular than ever because it allows traders to profit from the volatility of global currency rates, which can make money for them.

If you want to protect your money, get good customer service, and get the right help if there is a disagreement, you need to pick a trustworthy Forex broker that is well-regulated.

They provide traders with a feature-rich trading environment, competitive pricing, and cutting-edge trading platforms.

It says that these are the five best-regulated Forex brokers in the UK:

Trade Nation

Is a global FX, indices, commodities, and equity broker located in London. The broker's name was Core Spreads until 2019, when it was renamed Trade Nation and became a worldwide brand.

Trade Nation promises to be transparent and honest about its trading prospects via its trading platform and MetaTrader 4. To that aim, a market data sheet comprising information on each instrument, spreads connected with it, and market hours is given.

Advantages: Access to cash-back benefits. Tools for teaching and research that are comprehensive. There is no need for a minimum deposit.

Disadvantage: Expensive foreign exchange fees. There are no tiers of accounts available.

Regulation, FCA, ASIC, FSCA, and SCB are some of the features. There is no minimum deposit. The average spread is 0.6 pips. There are no commissions. There are no deposit or withdrawal fees. Maximal leverage at 1:30 Bonuses and cash-back incentives Customer service is available 24 hours a day, seven days a week.

Saxo Bank

Can provide considerable sums to traders and experts.

A research facility, an API interface, and lower fees for higher-tiered accounts can help your account make more money.

Over 120 banks and brokers use Saxo's open banking products, which include multi-asset execution, prime brokerage and cutting-edge trading technology. These products are also used by more than 300 financial service providers.

Advantages: low trading costs on higher-tiered accounts. fee structure that is clear.

Disadvantages: Account creation takes a long time. The minimum deposit is really hefty.

Regulation, FCA, ASIC, and FINMA are some of the features. The minimum deposit is $10,000. The average spread is 0.3 pips. Commissions start at $3. There are no deposit or withdrawal fees. 1:200 is the maximum leverage. There are no bonuses. Customer service is available 24 hours a day, seven days a week.

CMC Markets

A pioneer in Forex and CFD trading, is a market leader.

Its standing as a significant, highly regulated, and publicly listed company provides stability. The company's Next Generation platform has a user-friendly interface and powerful features.

This broker distinguishes itself from the competition by the variety of its product offerings and the competitive spreads it provides, which will appeal to aggressive traders in particular. excellent customer service and educational activities.

Advantages: Low forex costs. platforms for advanced trading. Excellent research and instructional resources.

Regulation and the FCA are two features. There is no minimum deposit. The average spread is 0.7 pips. Commissions start at $10. There are no deposit or withdrawal fees. Maximum Leverage: 1:500AAA $250 referral bonus is available. Customer service is available 24 hours a day, seven days a week.

Interactive Brokers

is a popular choice for active investors because of its low per-share prices, comprehensive trading interface, wide range of trading options, including international equities, and low margin rates.

The company's new service, IBKR Lite, doesn't charge for trading stocks and exchange-traded funds (ETFs).

There is a diverse selection of items. Excellent research instruments. well-governed.

Advantages: It is difficult to create an account.

Regulation, FCA, ASIC, NYSE, SEC, FINRA, and IIROC are some of the features. There is no minimum deposit. The average spread starts at 0.1 pips. Commissions start at $0.65. The costs for deposits and withdrawals vary based on the payment type. Maximum Leverage: 1:40 There are no bonuses. Customer service is available 24 hours a day, seven days a week.

Forex.com

Parent company Gain Capital Holdings, is a publicly listed firm on the New York Stock Exchange (NYSE: GCAP). Since its foundation in 1999, Forex.com has evolved into a worldwide brand.

Forex.com has become one of the world's most popular retail FX brokers since it was one of the first US organizations to provide online forex trading. Forex.com has a strong track record of performance and is regulated by major financial organizations.

Advantages: low foreign exchange costs. There are a large number of currency pairings. well-regulated.

Disadvantages: a small asset portfolio Stock CFD commissions are exorbitant.

Regulation, FCA, and CIMA are all mentioned. The minimum deposit is $50. The average spread varies. only commissions on the commission account. There are no deposit or withdrawal fees. The maximum leverage varies depending on the item exchanged. A 20% welcome bonus is available. Customer service is available 24 hours a day, seven days a week.