Intro and winners
Find below the strengths of the best brokers available in the Philippines, updated for 2024:
- Interactive Brokers is the best international online brokers in the Philippines in 2024. - Low trading fees and high interest on cash balances. Wide range of products. Many great research tools.
- XTB - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. High interest paid on cash.
- Trading 212 - Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms. Pays interest on uninvested cash.
- Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
- TradeStation Global - Low stock and ETF fees. Wide range of products. Easy-to-use web trading platform.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
- Forex.com - Low forex fees. Great variety of currency pairs. Diverse technical research tools.
- CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
- IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
- Intro and winners
- Comparison of the best online brokers in the Philippines
- Trading fees
- Other fees at the top international online brokers
- Financial market regulation and safety in the Philippines
- Taxation of trading in the Philippines
- Interactive Brokers
- XTB
- Trading 212
- Oanda
- TradeStation Global
- Admirals (Admiral Markets)
- IG
- Forex.com
- CMC Markets
- IC Markets
- Didn't find the best broker for you?
- How did we select the best international online brokers in the Philippines in 2024?
- FAQ
Comparison of the best online brokers in the Philippines
While many international online trading brokers catering to clients in the Philippines offer an excellent service, the ones in our toplist go the extra mile. These international online trading platforms offer a broad range of markets and asset classes and are suitable for beginners and experienced traders alike.
| Broker | Overall score | Minimum deposit |
|---|---|---|
| Interactive Brokers | 4.9 /5 | $0 |
| XTB | 4.8 /5 | $0 |
| Trading 212 | 4.5 /5 | $1 |
| Oanda | 4.5 /5 | $0 |
| TradeStation Global | 4.5 /5 | $0 |
| Admirals (Admiral Markets) | 4.5 /5 | $100 |
| IG | 4.5 /5 | $0 |
| Forex.com | 4.5 /5 | $100 |
| CMC Markets | 4.5 /5 | $0 |
| IC Markets | 4.5 /5 | $200 |
Popularity of the best online brokers in the Philippines
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Trading fees
In most cases the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important fees for you in the table below.
| Broker | US stock | UK stock |
|---|---|---|
| Interactive Brokers | $1.0 | $3.8 |
| XTB | $0.0 | $0.0 |
| Trading 212 | $0.0 | $0.0 |
| Oanda | $0.0 | - |
| TradeStation Global | $1.5 | $2.0 |
| Admirals (Admiral Markets) | $0.0 | $0.0 |
| IG | $15.0 | $10.0 |
| Forex.com | - | - |
| CMC Markets | - | - |
| IC Markets | - | - |
Other fees at the top international online brokers
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Broker | Account fee | Inactivity fee |
|---|---|---|
| Interactive Brokers | ||
| XTB | ||
| Trading 212 | ||
| Oanda | ||
| TradeStation Global | ||
| Admirals (Admiral Markets) | ||
| IG | ||
| Forex.com | ||
| CMC Markets | ||
| IC Markets |
If you are unsure how brokerage fees are charged, check out this article on the various fees, charges and costs.
Financial market regulation and safety in the Philippines
The Philippine Central bank (BSP) is in charge of overseeing the banking system and the monetary policy. The Securities and Exchange Commission of the Philippines (SEC) is the regulator of financial markets in the Philippines, charged with supervising capital market participants, the securities and investment instruments market, and the protection of retail investors.
The SEC is responsible for approving, suspending, or revoking registration and licensing applications by various entities active in financial markets, including brokers. The brokers in our top list are all licensed to operate in the Philippines and are overseen by respected national regulators.
All brokers reviewed by BrokerChooser are safe and reliable as safety is one of the key criteria of our methodology. Philippine residents can trust these brokers.
Taxation of trading in the Philippines
The Philippines tax code enforces two types of taxes on stock trades: capital gains tax and stock transaction tax. The capital gains tax of 5% is levied on every sale, barter or exchange of shares in a domestic company sold not through the local stock exchange. The stock transaction tax is a 0.6% levy imposed on the gross selling price of the stock, regardless of whether the investor has made a gain or loss.
And now, let's see the top international online brokers for 2024 for residents in the Philippines one by one, starting with the winner, Interactive Brokers.
Recommended for traders looking for broad market access and a professional trading environment
| Interactive Brokers snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | No |
| Read review | For a detailed analysis of Interactive Brokers services, check out our review for 2024 |
Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service
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76-85% of retail CFD accounts lose money
| XTB snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of XTB services, check out our review for 2024 |
Recommended for equity investors and CFD traders looking for easy-to-use trading platforms
| Trading 212 snapshot | |
|---|---|
| Minimum deposit | $1 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, OnlineBankingPL, Giropay, Carte Bleue, Blik, Direct eBanking, Apple / Google Pay, PayPal, iDEAL |
| Withdrawal method | Bank transfer, Credit/debit cards, OnlineBankingPL, Giropay, Carte Bleue, Blik, Direct eBanking, Apple / Google Pay, PayPal, iDEAL |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of Trading 212 services, check out our review for 2024 |
Recommended for forex traders who value a user-friendly platform and great research tools
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78.3% of retail CFD accounts lose money
| Oanda snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Withdrawal method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Oanda services, check out our review for 2024 |
Recommended for traders and investors looking for low fees and a wide selection of products
| TradeStation Global snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of TradeStation Global services, check out our review for 2024 |
Recommended for forex traders who are familiar with the MetaTrader trading platforms
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80% of retail CFD accounts lose money
| Admirals (Admiral Markets) snapshot | |
|---|---|
| Minimum deposit | $100 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2024 |
Recommended for traders of any experience level looking for an easy-to-use trading platform
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71% of retail CFD accounts lose money
| IG snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Average |
| Deposit method | Bank transfer, Credit/debit cards, PayPal |
| Withdrawal method | Bank transfer, Credit/debit cards |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of IG services, check out our review for 2024 |
Recommended for forex traders looking for low fees and great research tools
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68% of retail CFD accounts lose money
| Forex.com snapshot | |
|---|---|
| Minimum deposit | $100 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, Neteller |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, Neteller |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Forex.com services, check out our review for 2024 |
Recommended for forex and CFD traders looking for an advanced trading platform with many research tools
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69% of retail CFD accounts lose money
| CMC Markets snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards |
| Withdrawal method | Bank transfer, Credit/debit cards |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of CMC Markets services, check out our review for 2024 |
Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options
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74.32% of retail CFD accounts lose money
| IC Markets snapshot | |
|---|---|
| Minimum deposit | $200 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
| Withdrawal method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of IC Markets services, check out our review for 2024 |
Didn't find the best broker for you?
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How did we select the best international online brokers in the Philippines in 2024?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fees, commissions),
- We checked and compared every aspect of their services,
- Opened an account and tested the platform (charting, features, usability) with real money.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
FAQ
Where can I trade international stocks in the Philippines?
The easiest way for Philippine residents to trade and invest in international stocks is through an international online broker. Choose a reputable online stock broker regulated by a trusted regulator and after opening an account you can access international stock markets and trade stocks.
What happens when you trade with an unregulated broker?
Trading with an unregulated broker is highly risky as you may end up losing all your money. A vast majority of unregulated brokers are in fact scam brokers, set up to cheat clients. Since they are not regulated by any authorities, you have limited to zero ways of reporting them or getting your money back. Investor protection, provided by some governments to retail investors, will not cover your losses if you trade with an unregulated broker. Always do your research before opening an account at a broker, make sure that they are regulated, read reviews and look up user comments.
How do I open a trading account in the Philippines?
All you need to do is choose a broker that accepts residents from the Philippines. Make sure the broker is regulated and check whether the assets you plan to invest in (i.e. stocks, forex, crypto or CFDs) are available at that particular broker. Once you have selected your broker, complete the standard account opening process (start from the broker's home page), which is fully online at most brokers. Once the broker confirms your identity, you have your account ready and you can deposit money into it to start trading.
