In this guide, we go over the best trading platforms in Philippines. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.
Trading platforms that reached the highest scoring are considered in the following list:
Top 5 Trading Platforms in Philippines
- Interactive Brokers – Best trading platform in Philippines overall
- Philstocks –
- eToro – Best for Social and Copy Trading
- CMC Markets – Award winning trading experience
- Capital.com – Best in research and education
Best Online Trading Platforms Philippines
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||Interactive Brokers||4.9||Best trading platform overall||$0|
|#3||eToro||4.9||Best For Copy Traders||$200|
|#4||CMC Markets||5||Award winning trading experience||$0|
|#5||Capital.com||4.7||Best Broker for Algorithmic Traders||$0|
Below section breaks down the best trading platforms in Philippines beginning with the highest rated…
01. Interactive Brokers: Best trading platform overall
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
03. eToro: Best Broker For Social Trading
eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
04. CMC Markets:
CMC Markets is a reputable online broker known for its award winning trading experience, excellent selection of tradable instruments and industry leading pricing. With over 12.500 tradable instruments across all asset classes, CMC is among industry leaders in market coverage.
Their proprietary trading platform called Next Generation is reliable, fast executing and fully packed with useful trading tools and indicators. It features an impressive education and research section full of quality in-house and third party content.
CMC Market offers the lowest commissions and fees in the industry. Low spread fees (0.73 pip on EUR/USD) are available for traders at all levels and accounts. Additional bonuses and rebates for active traders makes CMC Markets a market leader in costs and fees.
05. Capital.com: Best For Research and Education (Discount Broker)
Capital.com is a top choice for traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities and forex pairs.
Founded in 2016, Capital.com is an international fintech company which has group of entities authorised and regulated by the Financial Conduct Authority (“FCA”), the Australian Securities and Investments Commission (“ASIC”), the Cyprus Securities and Exchange Commission (“CySEC”), and the Financial Services Authority of Seychelles (“FSA”). It does not operate a bank and is not publicly traded.
Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features. Beginner traders will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Philippines include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.
Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Philippines brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.
Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.
Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.
Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.
Assets: Look for coverage of preferred assets. Philippines traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.
Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.
Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.
Customer support: Beginner traders should look out for responsive and professional customer support available in their language.
*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.
Online Trading In Philippines
Online trading in the Philippines is available through the Philippine Stock Exchange (PSE). This is primary stock exchange in the country since the Manila Stock Exchange and the Makati Stock Exchange merged. There are 281 domestic companies listed on the PSE. Philippines citizens who want to trade or invest in international stocks, commodities, cryptocurrencies, or other financial instruments have to use brokers, trading platforms, and cryptocurrency exchanges based abroad. We recommend they use the best trading platforms mentioned in this guide.
Online Trading Regulation
The Bangko Sentral NG Pilipinas (BSP) is the main regulation body of the Philippine financial sector. All companies based in the Philippines that offer financial services to citizens of the Philippines have to apply for a license with the BSP. Off shore brokers don’t need to apply for such a license and can freely market their products and services to Philippine citizens. We recommend Philippine citizens to trade and invest with the safe, reliable, and regulated brokers mentioned in this guide.
You can verify the validity of the license of any Philippines-based broker by going to the website of the Bangko Sentral NG Pilipinas, clicking on ‘Regulations’, and then search in the BSP Issuances list for the broker name. If nothing comes up, the broker or trading platform is unlicensed.
Cryptocurrency exchanges need to have a license in place to operate in the Philippines if they have a physical presence in the country. If a broker, trading platform, or cryptocurrency exchange is based abroad, you can check their license by going to the official websites of the ASIC, CySEC, BaFIN, and FCA and doing the same.
Based on our review, we consider Interactive Brokers as the best trading platform for Philippines residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
Philstocks is the second best trading platform for Philippines residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. eToro, CMC Markets, and Capital.com are finishing up our list of top platforms with a great overall offer and above average ratings.
Are There Commission-Free Trading Platforms In Philippines?
Yes, there are trading platforms available in Philippines that offer 0% commission trading like eToro and AvaTrade.
How Much Should I Invest When Trading Online in Philippines?
You should always invest at least the minimum deposit amount Phillippines and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Philippines?
Yes, crypto trading is available to Philippines citizens. The leading trading platforms offer Bitcoin trading via CFDs.
How To Check If A Trading Platform Has a Valid License?
You can check if a broker or trading platform has a valid license by checking the ‘Registered and Reporting Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA. For Philippines-based brokers, you can check the website of the Bangko Sentral NG Pilipinas instead.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
If you liked this article then also read:
- Saudi Arabia
- 1 Top 5 Trading Platforms in Philippines
- 2 Best Online Trading Platforms Philippines
- 2.1 01. Interactive Brokers: Best trading platform overall
- 2.2 02. Philstocks:
- 2.3 03. eToro: Best Broker For Social Trading
- 2.4 04. CMC Markets:
- 2.5 05. Capital.com: Best For Research and Education (Discount Broker)
- 2.6 How To Pick The Right Platform?
- 2.7 Online Trading In Philippines
- 2.8 Online Trading Regulation
- 2.9 Licence Verification
- 3 Conclusion