Compare 5 best online brokers & trading platforms in the Philippines for 2022

Our experts have rated and reviewed the best trading platforms in the Philippines. Compare their top features to find the best online brokers in the Philippines.
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Updated: Nov 23, 2022
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The Invezz team of expert traders, data analysts, and financial writers frequently test the best trading platforms. Amongst a range of features, we rank brokers according to their affordability, security, and available international markets.

In this article, we answer the question: what are the best online brokers in the Philippines for Filipino users?

Best stock trading platforms in the Philippines 2022

Our rankings reveal that the best Filipino stock broker is eToro .

Having assessed 100+ brokers, this list represents the five services that top our rankings as the overall best trading platforms in the Philippines.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$ 100
Promotion
User Score
10
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
9.5
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Payment Methods:
Full Regulations:
4
Min. Deposit
$ 500
Promotion
User Score
9.0
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Start Trading
Payment Methods:
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full Regulations:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.

How we chose the best Filipino trading platforms

Our reviewing panel is made up of industry experts, including our Data Analyst, Dan Ashmore, CFA, our Senior Editor of News, Jayson Derrick, and expert trader Prash Raval. The panel also includes an independent fact checker, Richard Stutely.

Here are some of the key factors that played into the final ranking.

  • Fees. We prioritised platforms that charge low trading fees, don’t charge for deposits or withdrawals, and don’t charge any hidden fees.
  • Device availability. If a platform is available across all devices, that deserves a boost. In a mobile world, you need stock trading apps to work across mobile, tablet, and desktop.
  • Platform security. All services we recommend are regulated by respected financial institutions and provide investor protection in the event that anything goes wrong.
  • Free demo accounts. All reputable brokers should offer the chance to test their service before you pay for it. We gave the brokers with the best demo accounts a boost in our rankings.
  • Access to global markets. Stock brokers that allow you to invest in international markets, particularly popular ones like the United States, scored well in our reviews.
  • Trading and analysis tools. Trading platforms that offer analysis tools make it easier to do all your research and trading in one place. Any broker that offered this convenience scored well.
  • Third-party integrations. Many traders like to use software like MetaTrader 4 or cTrader to place trades. We gave special attention to brokers that integrate with these services.
  • Customer reviews. Finally, we looked into customer reviews, to make sure that we only recommend platforms where the majority of customers had a positive experience.

Find out more about how we rate, rank, and review platforms.

More about stock trading platforms in the Philippines

What products can I trade with a Filipino stock broker?

You can trade stocks from the Philippines, or invest in leading companies from around the world. Here’s a breakdown of what (and how) you can trade with an online broker in the Philippines.

Stocks

  • Filipino stocks. One option is to simply invest in stocks that are listed in the Philippines. This is normally the most straightforward option, as you can buy shares in any company that’s listed on a Filipino stock exchange.
  • US stocks. Some of the best known companies in the world are listed in the United States. Most Filipino trading platforms also let you invest in stocks that are listed on the NYSE or the NASDAQ exchange in the United States, but it depends on the legal restrictions in the Philippines.
  • International stocks. You may also be able to buy shares in companies that are based in the rest of the world, but this is usually a more limited selection. If you want to buy equities from outside the Philippines or the US, be sure to check those stocks are available through your trading platform before you sign up.

ETFs

ETFs (exchange traded funds) are investment funds that pool money together from lots of different investors and use it to track a particular index, like the S&P 500. Even if you can’t invest in every stock from every country, you can usually find an alternative in an ETF that tracks the performance of the Philippines’ top stock exchanges and indexes.

Futures and options

Futures and options contracts involve making an agreement to purchase a stock in the future at an agreed price. They’re favoured by stock traders and can be used as a way of speculating on how you think a company’s price might change in the future.

How much does it cost to use a Filipino trading platform?

It is normally free to sign up to a stock trading platform in the Philippines. The main cost comes in the form of trading fees, which depend on the platform and on what you want to trade. Some brokers offer completely free trading, while others charge a flat fee or commission per trade.

Are stock brokers in the Philippines regulated?

Yes, online stock brokers have to be regulated in order to offer share dealing services. Ideally, you want to find a broker that offers top-tier regulatory protection either through your local regulator, or through an internationally recognised institution. Many firms are regulated internationally through institutions such as CySEC (Cyprus Securities and Exchange Commission). 

How to start trading in the Philippines

  1. Find a Filipino trading broker. Choose your favourite trading platform from the list at the top of this page.
  2. Create an account and deposit money. To set up an account you need to provide a form of photo ID. Have that to hand, and then transfer some money to the account via a card payment, bank transfer, or an alternative payment method like PayPal.
  3. Search for a stock and place your trade. Find the stocks you want to trade using their ticker symbol. Enter the details of our trade, and hit ‘buy’ to execute it.

FAQs

What’s the best broker for beginners in the Philippines?
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Which trading platform has the best demo account in the Philippines?
What’s the safest broker in the Philippines?
Is it legal to trade stocks in the Philippines?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.