Best Prop Trading Firms in the Philippines

Prop firms, or proprietary trading firms, provide traders with the capital they need to trade in financial markets, sharing the profits earned. Best prop trading firms in the Philippines multiple global and local firms offer funded accounts through various challenges. Let’s review the best prop trading options available in the Philippines for Filipino traders looking for funded accounts. We will also briefly overview the status of the prop trading industry in the Philippines.

The Landscape of Prop Trading in the Philippines

Proprietary trading in the Philippines shares many similarities to wider global trends. There are no strict restrictions and regulations for prop firms, supporting the rapid growth of the sector. With more and more Filipino traders looking for funded accounts, more prop firms are about to be introduced in the country. In recent years, the Filipino prop trading industry has seen rapid growth, which is natural for a sector this popular.

Our top rated prop

Trader5

Our rating

Licences:

N/A

Currencies:

EUR

Trading Platforms:

Custom

Year founded:

2024

Promo Code:

N/A

Min Account size:

10,000 EUR

Trader5 Forex is a relatively new reliable firm with a 90% profit split and fast payouts. Enjoy 78-day payouts and starting fee of less than 100 EUR.

Sign Up Read Review

Recommended

Blue Guardian

Our rating

Licences:

N/A

Currencies:

USD

Trading Platforms:

MT4

Year founded:

2019

Promo Code:

N/A

Min Account size:

10,000 USD

Blue Guardian offers $0 withdrawal fees, access to MetaTrader 4, no profit target after the audition, up to 85% profit split, and very low fees starting from $87.

Sign Up Read Review

Funded Trading Plus

Our rating

Licences:

N/A

Currencies:

USD

Trading Platforms:

MT4, MT5

Year founded:

2013

Promo Code:

N/A

Min Account size:

5,000 USD (229 USD on Instant funded account)

Funded Trading Plus Forex prop firm is a solid player in the space. The firm offers funding for Forex trading from 5,000 to 250,000 USD and a scaling plan up to 2,500,000 USD.

Sign Up Read Review

Why is prop trading so popular in the Philippines?

Prop firms offer traders a unique opportunity to access the firm’s capital and trade in financial markets. This unique model allows traders to access much larger capital than what they would allocate by themselves alone. Prop trading firms protect their capital by introducing challenge accounts where traders need to show profitability while following strict risk limit rules.

Top Prop Trading Firms in the Philippines

Here is the list of the most reliable proprietary trading firms in the Philippines available at the moment.

Advantages of prop trading in the Philippines

Prop trading comes with many benefits. The number one advantage is access to a large trading capital, which would be extremely difficult for an average investor on their own. Prop firms offer funded account challenges for tiny fees and traders have an opportunity to access large trading accounts often ranging from 5000 USD to 100,000 USD and more. Another advantage of prop trading is a risk-free trading possibility. Traders have to pay solely the challenge account fees and after getting funded they are not liable for losses on the funded account. Accessing a large funded account and trading risk-free is probably every trader’s dream, and this is why it is important to properly plan ahead, select a suitable firm, and start making profits.

Best prop trading firms for Beginners in the Philippines

Beginner Filipino prop traders should target prop firms that offer low funding options of at least 5,000 USD for cheap fees. With beginner-friendly prop firms, traders can start low and increase their funding gradually as their skills progress. Below, we present the list of the most beginner-friendly prop firms in the Philippines. Most of these firms offer low funding options ranging from 5k to 15k, which is suitable for beginners.

How beginner Filipino traders can get funded: Beginner’s guide

Beginner Filipino traders have a flexible choice to select the most suitable firm and get funded for real profits. The most important part of prop trading is to strictly manage risks using carefully selected lot sizing and stop-loss orders. However, to achieve a funded status, Filipino traders first need to carefully define their goals. They then need to select a suitable and reliable prop firm and develop a well-tested trading strategy that can hit profit targets within a reasonable period without breaching any of the hard rules. Let’s divide this section into three pillars of successfully achieving a funded trader’s status.

Define your goals

This is an essential preliminary step because it allows traders to set realistic goals and develop reasonable trading strategies that can help them constantly make profits. Trading is not a get-rich-quick scheme, and it should be approached as a job that allows you to work only 3–4 hours per day to make more than the average salary in the Philippines. This is easily achievable using the prop firm’s funded accounts. Set your financial goals which you want to achieve every month and start low and increase slowly, as your skills grow, profits are just a byproduct.

Select a suitable prop firm

When you have your goals written down or memorized, it is much easier to select a suitable firm. Different prop firms offer different instruments and a variety of trading conditions. Ensure your selected prop firm does not have hidden rules (safety). This can be easily achieved by reading our reviews of all popular prop firms. Another criterion is trading rules, including daily risk limits and maximum drawdown. If the firm has less restrictive rules and low fees, this is the perfect combination to start your prop trading journey on a budget and increase your funding using a scaling plan. Ensure it also offers your preferred trading assets to ensure you can achieve profit targets more easily. A robust trading platform will also help you to control risk and analyze markets comprehensively using advanced tools. The best proprietary trading firms in the Philippines all offer attractive conditions and popular platforms, including trader dashboards.

Developing a trading plan

A trading strategy is a set of rules allowing traders to detect and act upon trading setups. It includes everything from opening a trading position to managing open positions and closing them. Without a trading strategy and the discipline to stick to its rules, it is impossible to become a profitable financial trader, no matter in which markets you are trading.

Risk management and discipline for Filipino prop traders

Top prop firms in the Philippines all offer attractive rules that allow traders to achieve profitability and make a living. However, without proper risk management and discipline, it is not possible to achieve success in this career. Discipline is key in everything, and even more so in financial trading. Without strong discipline, it is difficult to exercise strong risk management practices and stay in the game of trading. The most important aspect of prop trading is to always use stop-loss order and select appropriate lot sizing. Even if your trading strategy has a manual position closure procedure, set stop-loss slightly behind this manual level to ensure potential losses are always limited to predetermined levels. Portable prop firm trading is achievable only by strictly following your risk management rules and never opening large position sizes, even after several winning positions.

The role of discipline in prop trading

Discipline is the number one skill that helps traders to stick with their strategy rules. By following your strategy rules strictly, you can avoid emotional trading with impulsive trading decisions. Emotional trading is one of the main reasons behind many traders’ failure, and strong discipline allows traders to overcome this common pitfall.

FAQs on Best Prop Trading Firms in the Philippines