Philippines · Mobile wallet
GCash forex deposits: the Filipino default.
85 million Filipinos use GCash. Brokers that integrated early — OctaFX, Exness, XM — own the Filipino market. The ones still asking for SWIFT codes are not really competing. Some brokers cap GCash withdrawals at ₱500,000/day.
Deposit time
<1 minute
Withdrawal time
<10 minutes
Min / Max
$1 / ₱50 / ₱500,000
Brokers supporting
24
Verified support
All brokers5 brokers take GCash.
1EX
ExnessFeatured
EUR/USD 0.1 · $10 min · 1:2000
93
FCACySEC
2HF
HFM
EUR/USD 0.3 · $0 min · 1:1000
85
FCACySEC
3OC
OctaFXFeatured
EUR/USD 0.2 · $25 min · 1:500
82
CySECFSCA
4XM
XM Group
EUR/USD 0.6 · $5 min · 1:1000
82
CySECASIC
5FB
FBS
EUR/USD 0.5 · $1 min · 1:3000
74
CySECIFSC
| # | Broker | Trust | EUR/USD | Min dep. | Leverage | Regulators | 30d | |
|---|---|---|---|---|---|---|---|---|
| 1 | EX ExnessFeatured Est. 2008 · MT4 | 93 | 0.1 | |||||
| 2 | HF HFM Est. 2010 · MT4 | 85 | 0.3 | |||||
| 3 | OC OctaFXFeatured Est. 2011 · MT4 | 82 | 0.2 | |||||
| 4 | XM XM Group Est. 2009 · MT4 | 82 | 0.6 | |||||
| 5 | FB FBS Est. 2009 · MT4 | 74 | 0.5 |
The mechanics, briefly.
Best for
Filipino retail, mobile-first traders, micro-account funding
Min amount
$1 / ₱50
Max amount
₱500,000/day (typical broker cap)
Fees
Free for forex deposits with most brokers