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

Best Philippines brokers
Best Philippines Online Brokers 2021

This guide to the reputable 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 details about finding a reputable trading patforms in Philippines.

If you're a new entrant into the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You'll get proficient skills at all of the concepts of broker as you continue trading. For starters, you have to choose the right agent in Philippines who will be transparent with you always.

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

We currently have 20 Brokers from our research that we think are the Professional Brokers in Philippines

Who Are The Top Philippines Online Brokers?

This guide has been collated to help you find a reputable Philippines broker. When searching for a great, reliable broker in Philippines it can be very confusing.  Below we show what your trading platform are in Philippines and what Philippines brokers can provide you.

A free trial of at least three weeks is one of the best ways to evaluate the quality and professionalism of any Philippines online trading platform. Before making any final decisions, you have to be able test the tradins platform's and software in real-time but with little risk. This will allow you to experiment with the software and see how easy it is. A reuptable broker in Philippines should make it as simple as possible for any trader. They shouldn't have to do a lot research nor set up multiple accounts before they let you start trialling their tools.

We currently have 20 Brokers in our database that we think are the Reputable Online Brokers in Philippines

fxgiantssucden financialhuobiMarkets.comAlfa FinancialsNabtradehantec fxrfxt lebanonCharles SchwabforexctAlly investnetotradeCity Credit CapitalXM.comTrading212tradestationTopForexBridges Financial Servicesmultibank exchange groupUniglobe Markets
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Rating6.20/56.15/56.55/55.89/55.92/54.18/54.60/53.30/54.23/55.80/55.59/54.45/54.61/57.18/55.81/56.25/56.16/53.73/54.60/51.52/5
Minimum Deposit$250$250$250$250$500$100$250$250$25$250$500$250$500$5$1$250$100$100$250$10
Year Founded20112011201420081987200820212010201020212013201620012009200620142009201420152008
HeadquartersCyprusPuerto RicoBulgariaCyprusUAEUSARussiaAustraliaUnited StatesAustraliaUnited StatesUSAUKCyprusUKCyprusCyprusAustraliaCyprusMarshall Islands
Regulated ByFinancial 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-F242Financial 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-F314Financial 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-F257Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA)UnregulatedFinancial 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-F252Financial 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-F301Commodity Futures Trading Commission (CFTC)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-F228Cyprus 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-F283Financial Conduct Authority (FCA)International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)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-F329Cyprus Securities and Exchange Commission (CySEC)UnregulatedFinancial 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-F282Unregulated
Clients250,000+200,000+10,000+10,000+10,000+10,000+10,000+60,000+10,000+10,000+10,000+14,000,000+10,000+3,500,000+14,000,000+3,500,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at risk84% 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.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed deposits77.29% of retail investor accounts lose money when trading CFDs with this provider.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 money.Your capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at risk
Withdrawal FeesNoYesNoNoNoNoYesYesYesNoNoNoNoNoNoNoYesYesNoNo
Inactivity FeesNoNoNoNoYesNoNoNoYesNoYesNoYesYesNoNoNoNoNoNo
Deposit Fees250250250250500100250250252505002505005125010010025010
CFD FeesNoNoNoNoYesNoYesNoNoYesYesNoNoNoNoNoYesYesYesYes
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalYesYesYesYesNoNoYesYesNoYesNoYesNoNoYesYesNoNoYesNo
Accepts SkrillYesYesYesNoNoNoYesYesNoYesNoYesNoNoYesYesNoNoYesNo
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesYesNoNoYesYesYesYesYes
Accepts NetellerYesYesYesNoNoNoYesYesNoYesNoYesNoYesNoYesNoNoYesNo

Online Share Trading In Philippines

Trading stocks and shares in Philippines is highly regulated and considered very secure. However, be aware that any investment may go down as well as up, which means that your capital is at risk.

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

Live Forex Trading In Philippines

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

Forex (Abbreviation of Foreign Exchange) is a currency exchange between two distinct nations and the next management of the resulting position where one currency gains and the other loses.

It is possible to do Live Forex Trading in Philippines with experienced online agents

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 professional online trading platforms like plus500 or Trading212. It is a simple bet as to whether the price will go up or down.  Usually, the Philippines 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 plus500 or 101Investing so that you can practice with virtual money before risking your own capital.

Trading Shares in Philippines

Globally, Philippines is considered safe to do online trading and has access to other global financial centers. In Philippines, online brokers are highly regulated, professional and customer centric. 

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 very 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.

Whichever Online Trading Solutions in Philippines you decide to use, ensure they have all of the following:

  • Easy to use platform
  • Availability of a risk management tool
  • Good or fast execution speed
  • Better quality charts
  • Able to perform social trading
  • Quick online help or support

Challenges Of Trading in Philippines

The US Dollar is considered the base currency around the world so even a small change in the US financial markets can affect the financial markets in Philippines. The EU is also a large economy and changes there may affect the financial markets in Philippines.

Like all countries there are challenges in Philippines financial markets but overall the prospects are good. However, like in all global financial markets we recommend that any Online Trading Platforms in Philippines you decide to use, make sure you do your due diligence first before risking any real money. We have collated hundreds 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 professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Philippines

Is Forex Trading Legal In Philippines?

There is a growing misconception that trading Forex in Philippines is considered unsafe. This is not the case, Forex trading in Philippines is quite active, safe and regulated.

Trading in Forex is allowed in Philippines as for any company to trade globally, foreign currency must be exchanged. Any time you purchase something and it's shipped from overseas, there will be numerous money exchanges by multiple businesses to receive that item to you.

The important thing is that if trading Forex in Philippines you select one of the top online agents.

Do Forex Traders Pay Tax In Philippines?

After a dealer is successful and their gains reach a particular level then they may be taxed in Philippines as per the standard taxation rules.

Tax returns must always be registered even if there is a loss. You should seek advice with a registered accountant in Philippines to make certain you're abiding with current local laws as it is extremely dependent on your personal conditions.

Can You Trade Cryptocurrencies In Philippines?

Cryptocurrency markets in Philippines are quite new. As Cryptocurrencies operate on decentralised resources in Philippines matters like interest rate fluctuations and political instability don't affect them as much as the money markets.

Cryptocurrencies are more popular with the younger generations as well as increasing income amounts and technology adoption, trading cryptocurrency in Philippines is rising day by day. It is still small in comparison to the Forex markets however around $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Philippines?

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

Some commodities such as agricultural are seeing exponential growth inPhilippines.

Fast growing economies like India have a significant demand for many basic raw materials because of their population. It follows that countries like Philippines can benefit from the circumstance.