Intro and winners
- Interactive Brokers is the best international online brokers in the Philippines in 2023. - Low trading fees and high interest (up to 4.58% for USD) on cash balances. Wide range of products. Many great research tools.
- XTB - Commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
- Saxo Bank - Great trading platform. Outstanding research. Broad product portfolio.
- TradeStation Global - Low stock and ETF fees. Wide range of products. Fast customer service.
- Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
- Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
- TradeStation - Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
- 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.
- Trading 212 - Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
Best international online brokers in the Philippines in 2023
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 | $0 $0 for non-margin client accounts, $2,000 for margin accounts. (A margin account is where you trade with borrowed money, also known as leverage.) |
| XTB | 4.8 | $0 No minimum deposit for individual accounts but £15,000 for corporate accounts. |
| Saxo Bank | 4.8 | $2,000 The minimum account balance is £500 in the UK, while $2,000-10,000 in other countries and zero for Danish and Norwegian clients. |
| TradeStation Global | 4.8 | $0 No minimum deposit, $1000 to use the desktop trading platform |
| Capital.com | 4.6 | $20 $20 minimum deposit for credit/debit cards and Apple Pay, and $250 minimum required for bank transfer |
| Alpaca Trading | 4.7 | $0 $0 for retail account, $30,000 for business accounts |
| TradeStation | 4.7 | $0 $1 for cash accounts, $2,000 for margin accounts, and $5,000 for futures accounts |
| Admirals (Admiral Markets) | 4.7 | $100 100 EUR/GBP/USD/CHF or 200 BGN or 1000 CZK or 750 HRK or 25000 HUF or 250 PLN/RON |
| IG | 4.6 | $0 No minimum deposit for bank transfers; $300 minimum for credit/debit cards and PayPal |
| Trading 212 | 4.6 | $0 No minimum deposit |
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.
Best international online brokers in the Philippines in 2023
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 Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. | $3.7 Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000 |
| XTB | $0.0 Real stocks available only in a few EU countries. US stock fee: 0% up to monthly €100,000, and 0.2% with a minimum of €10 after | $0.0 Real stocks available only in a few EU countries. US stock fee: 0% up to monthly €100,000, and 0.2% with a minimum of €10 after |
| Saxo Bank | $10.0 $0.02/share; min $10, but with a VIP account the minimum can be as low as $3 | $9.9 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min |
| TradeStation Global | $1.5 $0.01 per share, min. $1.5 | $2.0 0.1%, min £1.5 |
| Capital.com | - Not available | - Not available |
| Alpaca Trading | $0.0 Commission-free stock trading | - Not available |
| TradeStation | $0.0 Commission-free up to the first 10,000 shares per trade for US clients. $5 per trade for non-US clients | - Not available |
| Admirals (Admiral Markets) | $0.0 One commission-free trade per day. Outside the allowance, the fee is $0.02 per share with a minimum of $1 | $0.0 One commission-free trade per day. Outside the allowance, 0.1 % of trade value, minimum of £1. |
| IG | $15.0 Real stocks available only in a few countries, like UK, Ireland, or Australia. US stock fees: $0.02 per share with $15 min | $9.9 Real stocks available only in a few countries, like UK, Ireland, or Australia. UK stock fee: £8 per trade |
| Trading 212 | $0.0 Commission-free | $0.0 Commission-free |
Best international online brokers in the Philippines in 2023
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 | No account fee | No inactivity fee |
| XTB | No account fee | €10 per month after 1 year of trading inactivity and if no deposit was made in the last 90 days |
| Saxo Bank | No account fee | In the UK, £25 after one quarter of inactivity. SIPP and ISA accounts are exempt from this fee. In non-UK countries, up to $150 after 6 months of inactivity |
| TradeStation Global | No account fee | No inactivity fee |
| Capital.com | No account fee | No inactivity fee |
| Alpaca Trading | No account fee | No inactivity fee |
| TradeStation | No account fee | $50 per year if your balance is less than $2,000 or if you make less than 5 trades per year |
| Admirals (Admiral Markets) | No account fee. | €10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero |
| IG | No account fee | $/£12/€14 per month after 2 years of inactivity |
| Trading 212 | No account fee | No inactivity fee |
If you are unsure how brokerage fees are charged, check out this article on the various fees, charges and costs.
Best international online brokers in the Philippines in 2023
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.
Best international online brokers in the Philippines in 2023
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 2023 for residents in the Philippines one by one, starting with the winner, Interactive Brokers.
#1 Best international online broker in the Philippines in 2023
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 2023 |
#2 Best international online broker in the Philippines in 2023
XTB
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
| XTB snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, Paysafe, Skrill |
| 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 2023 |
#3 Best international online broker in the Philippines in 2023
Saxo Bank
Recommended for investors and traders looking for a great trading platform and solid research
| Saxo Bank snapshot | |
|---|---|
| Minimum deposit | $2,000 |
| Fees class | Average |
| Deposit method | Bank transfer, Credit/debit cards |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Saxo Bank services, check out our review for 2023 |
#4 Best international online broker in the Philippines in 2023
TradeStation Global
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 2023 |
#5 Best international online broker in the Philippines in 2023
Capital.com
Recommended for investors and cfd traders looking for a great trading platform and excellent customer service
| Capital.com snapshot | |
|---|---|
| Minimum deposit | $20 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, Apple Pay, PayPal |
| Withdrawal method | Bank transfer, Credit/debit cards, Apple Pay, PayPal |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of Capital.com services, check out our review for 2023 |
#6 Best international online broker in the Philippines in 2023
Alpaca Trading
Recommended for traders interested in algorithmic stock trading
| Alpaca Trading 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 Alpaca Trading services, check out our review for 2023 |
#7 Best international online broker in the Philippines in 2023
TradeStation
Recommended for traders focusing on us markets and buy-and-hold investing
| TradeStation 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 | Yes |
| Read review | For a detailed analysis of TradeStation services, check out our review for 2023 |
#8 Best international online broker in the Philippines in 2023
Admirals (Admiral Markets)
Recommended for forex traders who are familiar with the metatrader trading platforms
| 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 2023 |
#9 Best international online broker in the Philippines in 2023
IG
Recommended for traders of any experience level looking for an easy-to-use trading platform
| IG snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 2023 |
#10 Best international online broker in the Philippines in 2023
Trading 212
Recommended for equity investors and cfd traders looking for easy-to-use trading platforms
| Trading 212 snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, Google Pay, PayPal, Apple Pay, Skrill, Dotpay, Giropay, Carte Bleue, Direct eBanking, iDEAL |
| Withdrawal method | Bank transfer, Credit/debit cards, Google Pay, PayPal, Apple Pay, Skrill, Dotpay, Giropay, Carte Bleue, Direct eBanking, 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 2023 |
Best international online brokers in the Philippines in 2023
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Best international online brokers in the Philippines in 2023
How did we select the best international online brokers in the Philippines in 2023?
- 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.
Best international online brokers in the Philippines in 2023
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.
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