Forex trading is permitted under Philippine law when conducted through institutions authorized and supervised by the Bangko Sentral ng Pilipinas (BSP), such as authorized agent banks (AABs) and non-bank BSP-supervised entities (NBBSEs) (1).
However, engaging in foreign exchange trading outside of these licensed channels—especially via unregistered online platforms—is explicitly prohibited by the Philippine Securities and Exchange Commission (SEC), which has issued advisories warning the public against unauthorized Forex activities (2).
"FOREIGN EXCHANGE TRADING IS ILLEGAL IN THE PHILIPPINES. The public is hereby advised to STOP engaging in Foreign Exchange Trading and to STOP patronizing unauthorized brokers, as such activities fall outside the purview of regulated financial institutions."
While Filipinos may access speculative Forex markets through overseas brokers, they must still comply with BSP regulations—such as Know Your Customer (KYC) requirements—and Philippine tax laws when remitting profits back home (1).
Ultimately, Forex trading remains legal in the Philippines only when conducted through BSP-licensed entities; individuals should verify a broker’s authorization status and heed SEC advisories to avoid illicit platforms (1)(2).
Source:
https://www.bsp.gov.ph/SitePages/Regulations/FxRegulations.aspx
https://appointment.sec.gov.ph/advisories-2018/foreign-exchange-trading-is-illegal-in-the-philippines/
Last updated: 17-05-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
