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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Philippines

Best Philippines trading platforms
The Best Philippines Online Brokers 2021

This guide to the best online brokers in Philippines has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the most recent information about finding the best broker in Philippines.

If you're a new entrant into the world of trading and broker, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You'll get proficient skills at all of the concepts of brokerage since you keep trading. For starters, you need to select the top broker in Philippines who will be clear with you always.

Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment program is key to your success.

We currently have 16 Brokers that we believe are the Reputable Brokers in Philippines

Who’s The Best Philippines Brokers?

This review has been collated to help you find a professional Philippines broker. When searching for a great, reliable broker in Philippines it can be very confusing.  Below we detail what your broker options are in Philippines and what Philippines brokers can provide you.

We currently have 16 Online Brokers from our research that we believe are the Professional Brokers in Philippines

EzinvestLondon Capital Group (LCG)AyrexPepperstoneRoboforexUFXVPE BankChase BankWorld Forex ReviewFP MarketsValutradesTrade.comVanguard InvestmentsDeltastockVirtual BrokersVTB 24 Bank
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Rating4/54/54/54/54/54/54/54/53/54/54/54/54/54/54/54/5
Minimum Deposit$500$100$250$200$1$500$5000$100$100$100$0$1$0$100$1000$100
Year Founded2008199620162010200920072008197520082005200820092008199820082008
HeadquartersCyprusUKCyprusAustraliaCyprusRepublic of VanuatuGermanyUnited StatesVanuatuAustraliaUKCyprus, UKUnited StatesBulgariaCanadaRussia
Regulated ByCyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin), Financial Industry Regulatory Authority (FINRA)Australian Securities and Investment Commission (ASIC)Vanuatu Financial Services Commission (VFSC)Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)UnregulatedCyprus Securities and Exchange Commission (CySEC)Office of the Comptroller of the CurrencySecurities and Futures Commission (SFC)The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF)Unregulated
Clients10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your moneyLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at risk
Withdrawal FeesvariableNo$10NoYesNovariablevariable$20No0NovariableYesvariablevariable
Inactivity FeesNoYesNoYesNoYesNo
Deposit Fees500100250200150050001001001000101001000100
CFD FeesYes (0.1% - 0.25%)YesNoYesYesYes
Accepts Credit CardsYesYesYesYes
Accepts PayPalNoNoYesNo
Accepts SkrillYesYesYesNo
Accepts PayoneerNoYesYesYes
Accepts NetellerYesYesYesYes

Online Share Trading In Philippines

Trading stocks and shares in Philippines is highly regulated and considered quite secure. But, conscious that any investment may go down as well as up, so your capital is in danger.

If you are just starting out with online trading then it is advised to get a demo account first with a controlled broker so you can learn the strategies without the risk of losing money.

Live Forex Trading In Philippines

Forex is the liquid financial market in the world using a daily financial exchange turnover of more than $5 trillion (BIS data April 2016).

Forex (Abbreviation of Foreign Exchange) is a money exchange involving two distinct nations and the following management of the resulting position in which one currency gains and the other loses.

It is possible to do Live Forex Trading in Philippines using professional online brokers

Live CFD Trading In Philippines

CFD trading is the buying and selling of contracts for difference via an online trading platform in Philippines. When you trade CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Philippines

Spread Betting in Philippines is possible using trusted online trading platforms like eToro or Trading212. It is a simple bet as to whether the price will go up or down.  Often, the Philippines online trading platforms will display the prices you have.

If you are looking at how to do spread betting in Philippines then it is a good idea to start with a demo account with either XM or 101Investing so that you can practice with monopoly money before risking your own capital.

Trading Stocks in Philippines

Globally, Philippines is considered safe to do online trading and has access to other global financial centers. In Philippines, online trading platforms are highly regulated, experienced and supportive. 

However, it is always important to be as informed as possible so below are some of the important things a trader should know:

The financial industry in Philippines are mature and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Philippines.

The online trading apps used by brokers in Philippines are well tested and highly rated & secure.

Whichever Online Trading Brokers in Philippines you decide to use, make sure they have all of the following:

  • Easy to use platform
  • Access to a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Capable of doing social trading
  • Quick online help or support

Challenges Of Using Online Trading Platforms in Philippines

The US Dollar is considered the base currency globally so even a slight change in the US economic markets can affect the economic markets in Philippines. The EU is also a large economy and changes there can affect the economic markets in Philippines.

Like every country there are opportunities in Philippines financial markets but overall the outlook is great. However, like in all global financial markets we recommend that any Online Trading Brokers in Philippines you decide to use, make sure you do your homework first before risking any real money. We have collected thousands of datapoints and written this guide to help you find the Best Trading Platforms in Philippines.  We hope that by using this guide you will find a reputable broker that matches your needs.

Frequently Asked Questions About Trading Forex In Philippines

Is Forex Trading Legal In Philippines?

There's a growing misconception that trading Forex in Philippines is deemed unsafe. This isn't the case, Forex Currency trading in Philippines is very active, regulated and safe.

Trading in Forex is permitted in Philippines as for any business to trade globally, foreign currency has to be exchanged. Whenever you buy something and it's shipped from abroad, there will be numerous currency exchanges by multiple companies to get that thing to you.

The main issue is that when trading Forex in Philippines you pick one of the best online brokers.

Do Forex Traders Pay Tax In Philippines?

Once a trader is successful and their gains reach a certain level then they may be taxed in Philippines according to the typical taxation rules.

Tax returns must always be registered even if there is a reduction. You should seek advice with a documented accountant in Philippines to ensure you are abiding with present local laws as it is extremely dependent on your personal circumstances.

Can You Trade Cryptocurrencies In Philippines?

Cryptocurrency markets in Philippines are rather new. As Cryptocurrencies operate on decentralised assets in Philippines matters like interest rate changes and political instability don't affect them as much as the currency markets.

Cryptocurrencies are more popular with the younger generations as well as growing income amounts and technology adoption, trading cryptocurrency in Philippines is rising day by day. It's still modest compared to the Forex markets but around $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Philippines?

Commodities trading in Philippines involves trading in things like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inPhilippines.

Fast growing economies like India have a significant demand for many fundamental raw materials for their inhabitants. It follows that countries like Philippines can benefit from the situation.