HFM
Visit brokerBest brokers to trade Oil in the Philippines in 2026
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Check out the brokers available in the Philippines that are perfect for Crude Oil trading.
For traders in the Philippines, the FXStreet Team highlights HFM as a notable broker for Oil trading in 2026. It offers tight Oil spreads, flexible Oil leverage and spot and futures trading. FxPro offers Oil CFD trading with competitive trading conditions, and Moneta Markets pairs it with a long track record in the market. All listed brokers accept clients from the Philippines and operate under international regulatory licenses, although they may not hold a local Philippine license. The Philippines imports most of the fuel it consumes, which makes the local economy sensitive to Oil prices. Oil trading is available to Filipino traders through brokers that offer Oil CFDs. Oil trading lets a trader speculate on the price of Crude Oil without buying or storing physical barrels. It is one of the most actively traded commodity markets, and it is driven by global supply and demand. Oil prices are driven by supply and demand, with OPEC+ production decisions and US output on the supply side and global economic growth on the demand side. Geopolitical tensions, inventory reports and the US Dollar add further short-term volatility. Oil and Forex are linked through the US Dollar, the currency in which Crude is priced, and through petrocurrencies such as the Canadian Dollar and Norwegian Krone. This makes Oil a common diversification trade for Forex traders who want exposure to commodities.
What markets do these top brokers in the Philippines offer?
Besides Oil, all these brokers offer a range of multiple markets. Crude Oil is traded through two main benchmarks, Brent Crude from the North Sea and West Texas Intermediate (WTI) from the United States, which together set the price for most Oil around the world. Retail traders access these benchmarks through Oil CFDs, the most common route, or through futures, options, exchange-traded funds and shares in Oil companies. Oil is one instrument within the broader commodities asset class, and a broker that offers Oil typically also covers other energy and commodity markets. The comparison table below breaks down the markets each broker offers.
Broker name
Instruments
HFM
Forex (Major & Minor Pairs), Exotic Pairs, Indices, Stocks, ETFs / ETNs, Commodities, Energy & Oil, Precious Metals, Gold, Silver, Cryptocurrencies, Bonds
FxPro
Forex (Major & Minor Pairs), Exotic Pairs, Indices, Future Indices, Share CFDs, Commodities, Energy & Oil, Precious Metals, Gold, Silver, Crypto (OTC)
Moneta Markets
Forex (Major & Minor Pairs), Exotic Pairs, Indices, Future Indices, Share CFDs, US Stocks, Regional Stocks, ETFs / ETNs, Commodities, Energy & Oil, Precious Metals, Gold, Silver, Cryptocurrencies, Bonds
Spec Markets
Forex (Major & Minor Pairs), Exotic Pairs, Indices, Commodities, Energy & Oil, Precious Metals, Gold, Silver, Cryptocurrencies
Fusion Markets
Forex (Major & Minor Pairs), Indices, Share CFDs, Commodities, Energy & Oil, Precious Metals, Gold, Silver, Cryptocurrencies
The comparison shows that the five brokers combine Oil with a broad set of other markets, including Forex, indices, commodities, such as energies and precious metals, like Gold or Silver, and cryptocurrencies. HFM and Moneta Markets extend this with ETFs and bonds, while FxPro and Moneta Markets add future indices alongside share CFDs. Moneta Markets is the only broker to list regional stocks, and HFM is the only one to include generic stocks rather than share CFDs.
How much leverage offer these best brokers for Oil trading in the Philippines?
Leverage sets the ratio of borrowed capital a broker makes available relative to a trader's own funds. Leverage controls how much exposure a trader can take relative to the funds in the account, and it works the same for Oil CFDs as for other instruments. Higher leverage increases both potential gains and potential losses, so it should be weighed against the risk a trader is prepared to accept. Oil CFDs can track either the spot price, which rolls over with no expiry, or a futures contract that settles on a set date. Because Oil is volatile and CFDs are leveraged, regulators cap retail leverage in several major markets, which limits the size of position a trader can open relative to their deposit. The table below breaks down leverage description, maximum retail leverage and maximum professional leverage.
Broker name
Leverage
Max Professional Leverage
Max Retail Leverage
HFM
FCA leverage 1:30, CMA 1:400, FSA & FSCA 1:2000. However, InfinityX Account offer unlimited leverage.
1:2000
1:2000
FxPro
These vary depending on jurisdiction
1:500
1:30
Moneta Markets
Varies by instrument and region
1:1000
1:1000
Spec Markets
-
1:1000
1:1000
Fusion Markets
Max Leverage (Retail) is 1:500 for VFSC/FSA clients, and is 1:30 for ASIC clients
1:500
1:500
The data shows that maximum leverage varies widely across these brokers. HFM lists a maximum retail and professional leverage of 1:2000, with its InfinityX Account described as offering unlimited leverage. Moneta Markets and Spec Markets each show maximum retail and professional leverage of 1:1000. FxPro’s leverage is described as varying by jurisdiction, with a maximum retail leverage of 1:30 and professional leverage of 1:500. Fusion Markets offers maximum retail leverage of 1:500 and professional leverage of 1:500, with retail caps differing between VFSC, FSA and ASIC clients.
What spreads do the top brokers to trade Oil offer in the Philippines?
Spreads state the difference between the buy and sell price a broker quotes on an instrument. The spread is a cost built into every trade, and it applies to Oil CFDs just as it does to other instruments. For a trader who trades Crude often, the spread is one of the main costs that shapes net returns. Use the table below to compare spreads across the five brokers.
Broker name
Spreads
Raw Spreads
HFM
spreads from 0.3 pips
RAW spread + 6 USD per lot The commission listed is per round turn.
Spreads from 0.0 pips.
FxPro
spreads from 0.2 pips
RAW spread + 3.5 USD per lot Commission applies to FX and metals only
Moneta Markets
spreads from 1.2 pips
RAW spread + 2 USD per lot Spreads from 0.0 on Ultra ECN Accounts / Commissions $2.00 per lot per round turn
Spec Markets
spreads from 1.0 pips
RAW spread + 7 USD per lot Spreads from 0.0 PIps
Commission $7 per lot, per round turn
Fusion Markets
spreads from 0.9 pips
RAW spread + 4.5 USD per lot $4.50 per lot per round turn
The data shows that the five brokers quote both standard and raw spreads. On Standard accounts, FxPro lists spreads from 0.2 pips, while HFM starts from 0.3 pips, Fusion Markets from 0.9 pips, Spec Markets from 1.0 pips, and Moneta Markets from 1.2 pips. All five brokers also offer raw spread pricing from 0.0 pips combined with a per-lot commission. Moneta Markets shows the lowest stated commission at 2 USD per lot per round turn on its Ultra ECN accounts, while Spec Markets has the highest at 7 USD per lot per round turn.
How well-regulated are these best brokers for Oil trading?
Regulation indicates the licences a broker holds and the authorities that oversee it. A trader who opens an Oil CFD position is trusting the broker with money, so the regulatory standing of the broker is a direct safety consideration. Before a trader can open an Oil CFD position, the broker is required to verify the trader's identity, a step that regulated firms must complete before accepting deposits. This check is part of the oversight that a regulated broker operates under, and it applies to every account the broker opens. As noted in the article’s introduction, these brokers can serve clients in the Philippines even without local regulatory authorization. Use the table below to compare regulation across each broker.
Broker name
Regulation
HFM
CMA, FCA, FSA, FSC, FSCA, SVGFSA
FxPro
FCA, SCB
Moneta Markets
FCA, FSA, FSC, FSCA
Spec Markets
FSC, FSCA
Fusion Markets
ASIC, FSA, VFSC
The table shows that all five brokers list multiple regulatory authorities, but the mix of licences differs. HFM combines oversight from six bodies, including the Capital Markets Authority (CMA) in Kenya, the Financial Conduct Authority (FCA) in the United Kingdom, the Financial Services Authority (FSA) in Seychelles, the Financial Services Commission (FSC) in Mauritius, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Authority (SVGFSA) in Saint Vincent and the Grenadines. FxPro reports regulation from the Financial Conduct Authority (FCA) in the United Kingdom and the Securities Commission of The Bahamas (SCB) in The Bahamas. Moneta Markets and Spec Markets both hold licences from the Financial Services Commission (FSC) in Mauritius and the Financial Sector Conduct Authority (FSCA) in South Africa, while Fusion Markets is regulated by the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Services Authority (FSA) in Seychelles, and the Vanuatu Financial Services Commission (VFSC) in Vanuatu.
What trading platforms do the top brokers for Oil trading support in the Philippines?
Trading platforms determine the software environment through which traders place orders and manage positions. The platform a trader uses to trade Oil is separate from the instrument itself, and it should suit the trader's preferred way of working. A desktop, web or mobile setup each supports a different routine, so the platform matters as much as the market being traded. Use the table below to compare trading platforms.
Broker name
Trading platforms
HFM
MetaTrader 4 (MT4), MetaTrader 5 (MT5), HFM Platform
FxPro
MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTerminal, MT5 WebTrader, cTrader, TradingView, FxPro Trading App, FxPro Webtrader
Moneta Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT5 WebTrader, Mobile App, Web Platform, ProTrader
Spec Markets
MetaTrader 5 (MT5)
Fusion Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
The comparison shows that all these brokers support at least one version of the MetaTrader platform, with MetaTrader 5 (MT5) available at every broker and MetaTrader 4 (MT4) offered by HFM, FxPro, Moneta Markets and Fusion Markets. FxPro lists the broadest platform line-up, adding MT4 WebTerminal, MT5 WebTrader, cTrader, TradingView, FxPro Trading App and FxPro Webtrader. Moneta Markets also provides MT5 WebTrader, a mobile app, a web platform and ProTrader alongside MetaTrader. HFM offers its proprietary HFM Platform, while Fusion Markets adds cTrader and TradingView. Spec Markets is the only broker in this group that lists just MT5.
How much do you need to start trading with the best brokers that offer Oil trading in the Philippines?
Minimum deposit states the smallest amount a trader can use to open and fund an account. The minimum deposit is the first figure a trader encounters when opening an account to trade Oil, and a low minimum means trading can begin without a large upfront commitment. This matters for anyone testing a broker with a first deposit. Use the table below to compare minimum deposit across the five brokers.
Broker name
Min. deposit
HFM
0
FxPro
0
Moneta Markets
50
Spec Markets
50
Fusion Markets
0
The table shows that minimum deposit requirements differ across these brokers. HFM, FxPro and Fusion Markets list a minimum deposit of 0, indicating that accounts can be opened without a set funding threshold. Moneta Markets and Spec Markets each show a minimum deposit of 50. Across the group, minimum deposits therefore range from 0 at HFM, FxPro and Fusion Markets to 50 at Moneta Markets and Spec Markets.
Which account types are available at these top brokers in the Philippines?
Account types define the tiers of trading accounts a broker offers, each with its own conditions. The account tier a trader opens determines how much is needed to start and what trading costs apply, since each tier carries its own pricing structure. Some tiers charge a commission in exchange for tighter spreads, while others fold the cost into a wider spread with no separate commission. The tier a trader selects also sets the minimum deposit and the conditions for funding the account. Use the table below to compare account types.
Broker name
Account types
HFM
Infinity X, Cent, Zero, Pro, Premium
FxPro
Standard (MT4 or MT5), Raw+ (MT4 or MT5), cTrader
Moneta Markets
Direct STP, Prime ECN, Ultra ECN
Spec Markets
Standard Account, ECN Account
Fusion Markets
Classic Account, Zero Account
The data shows that each broker offers multiple account types. HFM lists Infinity X, Cent, Zero, Pro and Premium accounts. FxPro offers Standard (MT4 or MT5), Raw+ (MT4 or MT5) and cTrader accounts. Moneta Markets also has Direct STP, Prime ECN and Ultra ECN accounts. Spec Markets and Fusion Markets each provide two accounts, with Standard Account and ECN Account at Spec Markets, and Classic Account and Zero Account at Fusion Markets.
Which payment methods do the best brokers to trade Oil support in the Philippines?
Payment methods cover the ways traders can deposit funds into and withdraw funds from a trading account. A broker that offers Oil CFDs still needs to be funded, so the payment methods a broker supports matter for traders who want to deposit and withdraw. Traders should check which methods are available, since some brokers accept certain methods for deposits but not for withdrawals. Use the table below to compare payment methods across the five brokers.
Broker name
Payment methods
HFM
Visa, Mastercard, Debit/Credit Card, Bank Transfer, Wire Transfer, International Bank Transfer, Local Bank Transfer, Instant Bank Transfer, Skrill, Neteller, FasaPay, Cryptocurrency
FxPro
Visa, Mastercard, Maestro, UnionPay, Debit/Credit Card, Bank Transfer, Wire Transfer, SEPA, SWIFT, International Bank Transfer, Local Bank Transfer, PayPal, Skrill, Neteller, Perfect Money, USDT, Cryptocurrency, Boleto, Sofort, Przelewy24, NganLuong, THB QR Payment, SticPay, ZotaPay, xPay, P2P
Moneta Markets
Visa, Mastercard, UnionPay, Debit/Credit Card, Wire Transfer, International Bank Transfer, Local Bank Transfer, Instant Bank Transfer, Skrill, Neteller, Google Pay, Apple Pay, FasaPay, USDT, Cryptocurrency, Boleto, Pix, PagSmile, TCPay
Spec Markets
Visa, Mastercard, Bank Transfer, Wire Transfer, Local Bank Transfer, USDT, Cryptocurrency
Fusion Markets
Visa, Mastercard, Debit/Credit Card, Bank Transfer, Wire Transfer, SEPA, SWIFT, International Bank Transfer, Local Bank Transfer, Instant Bank Transfer, FPX Bank Transfer, Interac, Osko, PayID, PayPal, Skrill, Neteller, Apple Pay, DANA, FasaPay, GCash, OVO, Bitcoin, USDT, Cryptocurrency, Pix, iDEAL, DragonPay, THB QR Payment, QR Code / QRIS, PagSmile, ZotaPay, xPay, Virtual Account, Internet Banking
The comparison shows that the five brokers support card payments through Visa and Mastercard, while debit or credit card is listed explicitly at HFM, FxPro, Moneta Markets and Fusion Markets. Bank transfer and wire transfer are available across all brokers, with international and local bank transfer options present at HFM, FxPro, Moneta Markets and Fusion Markets, and instant bank transfer at HFM, Moneta Markets and Fusion Markets. FxPro and Fusion Markets list the broadest range of e-wallets and alternative methods, including PayPal, Skrill, Neteller and several regional options, while Spec Markets offers the narrowest set of methods, limited to cards, bank transfers, USDT and cryptocurrency.
HFM
HFM
| Regulated by | CMA, FCA, FSA, FSC, FSCA, SVGFSA |
| Currencies accepted for deposits/withdrawals | EUR, GBP, IDR, KES, NGN, THB, USD, ZAR |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), HFM Platform |
| Customer service languages available | arabic, bangla, german, greek, english, spanish, persian, french, hindi, indonesian, italian, japanese, korean, malay, portuguese, thai, urdu, vietnamese, chinese |
FxPro
FxPro
| Regulated by | FCA, SCB |
| Currencies accepted for deposits/withdrawals | AED, AUD, CAD, CHF, EUR, GBP, INR, JPY, MYR, NGN, NZD, THB, USD, VND, ZAR |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTerminal, MT5 WebTrader, cTrader, TradingView, FxPro Trading App, FxPro Webtrader |
| Customer service languages available | arabic, bulgarian, danish, german, greek, english, spanish, estonian, finnish, french, hindi, hungarian, indonesian, italian, japanese, kazakh, korean, kurdish, lithuanian, latvian, malay, dutch, norwegian, polish, portuguese, romanian, russian, swedish, thai, turkish, ukrainian, urdu, vietnamese, chinese |
Moneta Markets
Moneta Markets
| Regulated by | FCA, FSA, FSC, FSCA |
| Currencies accepted for deposits/withdrawals | BRL, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT5 WebTrader, Mobile App, Web Platform, ProTrader |
| Customer service languages available | arabic, german, english, spanish, persian, indonesian, italian, japanese, korean, malay, thai, turkish, vietnamese, chinese |
Spec Markets
Spec Markets
| Regulated by | FSC, FSCA |
| Currencies accepted for deposits/withdrawals | EUR, GBP, USD |
| Trading platforms allowed | MetaTrader 5 (MT5) |
| Customer service languages available | english, indonesian, japanese, korean, malay, thai, vietnamese, chinese |
Fusion Markets
Fusion Markets
| Regulated by | ASIC, FSA, VFSC |
| Currencies accepted for deposits/withdrawals | AUD, CAD, CHF, CZK, DKK, EUR, GBP, HUF, JPY, NOK, SEK, SGD, THB, USD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Customer service languages available | english, spanish, indonesian, thai, vietnamese, chinese |
Forex Brokers FAQs
Is it safe for me in the Philippines to trade Oil with an offshore broker?
Trading Oil with an offshore broker is legal for Philippine residents, but it carries extra counterparty risk because those firms are not supervised by local regulators. To reduce that risk, look for brokers that are licensed in well-known jurisdictions, segregate client funds, and offer clear disclosures on how your money is held and protected.
How are fees and spreads charged when I trade Oil online?
Most brokers quote a variable spread on Oil and may add either a separate commission per lot or build their fee into that spread. You can also face overnight financing (swap) charges for holding positions and wider spreads during volatile news, so it pays to compare the full cost structure, not just the headline spread.
What’s the difference between WTI and Brent when I trade Oil?
WTI (West Texas Intermediate) and Brent are two benchmark grades of Crude Oil with slightly different qualities and delivery locations, so their prices do not always move identically. Many brokers offer both as separate symbols, and you should check each contract’s tick size, trading hours, and margin requirements before opening a position.
Can I trade Oil from the Philippines with a small starting capital?
Yes, most CFD and Forex brokers allow you to trade fractional Oil contracts with relatively low minimum deposits, using leverage to control a larger notional value. However, even small price moves in Oil can translate into large percentage swings in your account, so risk management and position sizing are critical when starting with limited capital.
Do I need a special type of account to trade Oil, or will a regular Forex account work?
In most cases, a standard Forex/CFD account gives you access to Oil alongside FX pairs, Indices, and Metals, using the same login and platform. Some brokers offer account types with different spreads, commissions, or leverage for commodities, so it’s worth checking the contract specifications before you choose an account tier.
How is profit from Oil trading taxed in the Philippines?
Oil trading profits are typically treated as income or capital gains for Philippine residents, and you are responsible for declaring them in your annual tax return. Because tax treatment can depend on your personal circumstances and where your broker is based, it is wise to consult a local tax professional rather than relying on generic guidance.
Is Oil trading suitable for beginners, or is it too risky?
Oil is more volatile than many major currency pairs, and its price is driven by geopolitical events, OPEC decisions, and inventory data, so it can be challenging for new traders. Beginners should start with smaller position sizes, use stop-loss orders, and practice on a demo account to understand how fast Oil can move before committing real money.
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Our Editorial Process
Our editorial team personally tests each broker with real accounts. We evaluate spreads, execution speed, customer support, and withdrawal times over a 3-month period. Every broker on this list has been independently verified by at least two members of our research team to ensure accuracy and fairness in our recommendations.