Best Trading Platforms Philippines Reviewed

What we like 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 2. eToro – Best Trading Platform For Beginners in the Philippines 

After reviewing the available brokerages, we recommend eToro as the best trading platform for beginners in the Philippines. This brokerage hosts more than 27 million users from more than 140 countries. 

Additionally, eToro regards safety standards and is regulated by multiple regulatory bodies such as the ASIC, FCA, FINRA and CySEC. With eToro, investors can diversify their portfolios on this multi-asset platform. 

eToro supports 3,000 stocks and more than 70 crypto assets. Notably, the platform gives users access to currencies, indices, ETFs and commodities. Catering to beginners, eToro provides a range of tools & features.  

Firstly, investors can access the CopyTrader, to copy the trades of more experienced traders on the platform. Additionally, eToro supports one of the best trading apps, which supports trading on the go and boasts high-quality navigation tools. 

eToro also comes with multiple smart portfolios, which bundle together multiple stocks sharing a similar theme or strategy. For example, the Four Horsemen portfolio is a bundle of the four biggest tech stocks in the world. 

With a minimum deposit of $50, users in the Philippines can begin using eToro. Available payment methods include credit/debit cards, bank transfers and multiple e-wallets like PayPal and Neteller. 

The best trading app in the Philippines, eToro, offers competitive fees for stock and cryptos. Users pay no commissions on spot trading for stocks and ETFs. Investors must pay a trading fee of 1% per transaction with cryptocurrencies and a bid/ask spread. 

What we like 

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

3. Crypto.com – Best Crypto Trading Platform in the Philippines 

Users may be looking to diversify their portfolio by entering into the digital asset markets. Despite high volatility, cryptocurrencies have become one of the most popular assets due to high returns in the last few years. 

For users looking to enter the crypto space, we recommend Crypto.com as the best crypto trading platform in the Philippines. Crypto.com supports more than 250 + digital assets on its website and intuitive mobile app. 

Additionally, users stand a chance to stake their tokens and earn interest in return. Furthermore, crypto.com has its own NFT marketplace, which can be accessed to buy, sell and trade millions of NFTs. 

CRO coins, the native token of Crypto.com, are another investment opportunity. By holding CRO – users can earn 2% additional APY (annual percentage yield) on their staked assets.

Crypto.com follows a simple maker/taker pricing model – charging 0.40% per transaction. To buy assets, users can use credit/debit cards – which cost 2/99% per transaction. 

Alternatively, investors can buy crypto with the Crypto.com VISA card. With this feature, investors stand a chance to gain 5 – 8% cashback on all crypto purchases. 

What we like 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Coinbase – Participate in Governance on crypto Networks 

Coinbase is a popular cryptocurrency trading platform developed in 2012.

This crypto exchange supports over 100 crypto assets, including BTC, ETH and Doge.  Coinbase also went public on the Nasdaq exchange through a direct listing, making its accounts and documents available for the public to read. 

The Coinbase earn feature can be used to earn interest on multiple cryptocurrencies. Furthermore, users can stake stablecoins like USDC to earn up to 0.15% APY. The Coinbase wallet provides crypto custody and storage options. 

This digital wallet gives users a 12-word recovery phrase, which means that the exchange does not have access to the wallet. Coinbase also offers its Pro platform, which lets users trade 250 + crypto assets. 

Coinbase has also launched NFT trading on the platform. Users can create or exchange NFTs on Coinbase without paying any commission. 

A maker-taker fee beginning at 0.50% is applied per crypto transaction. Furthermore, users also pay a 1.49% commission per trade. 

Coinbase can be accessed on its desktop feature and via the mobile app. 

What we like 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Skilling – Best Forex Trading Platform in the Philippines

Launched in 2016, Skilling is a relatively new trading platform. This brokerage offers multiple asset classes, including currency pairs, stocks, indices, cryptos, commodities and forex trades.

Notably, Skilling offers three trading platforms – the standard version, the advanced Skilling cTrader and the Skilling MetaTrader4. To support trades, a virtual assistant can be deployed to help in opening order positions. Thus, the platform caters to both beginners and advanced traders. 

Skilling is also the best forex trading platform in the Philippines, providing forex trading pairs through its MT4 trading platform.

The platform offers 73 forex pairs, which cost a low spread per pairing. For example, the GBP/USD spread is 0.7 pips, while the EUR/USD is 0.4 pips. For Bitcoin and other cryptos, Skilling charges a competitive 0.2% spread. 

With the standard account, users pay the spread rate without needing additional commission. Additionally, retail investors can access leverage options up to 1:30 on trades. For elective professionals, the leverage goes as high as 1:200 per trade. 

What we like 

6. Binance – Apply over 100x Leverage on Cryptos

Binance is the largest crypto exchange globally, in terms of trading volume.

Users can invest in over 600 crypto assets with this cryptocurrency trading platform. Binance offers useful tools like interest-earning opportunities, referral programmes and crypto loans.

This crypto exchange also supports leverage and margin trading options. For example, users can trade the BTC/USD pair for more than 100x leverage.

When the trading amount is $50,000 or below, maximum leverage of 125x can be applied. A maintenance margin rate fee of 0.40% is charged per transaction. However, spot trading cryptos is even cheaper with Binance. 

Users pay a maker/taker fee beginning at 0.1% when buying and selling cryptos. This can reduce by 25% if traders hold a certain stake in BNB – the native crypto of the Binance platform. 

What we like 

Cryptoassets are a highly volatile unregulated investment product.

7. Libertex – Best Online Trading Platform in the Philippines

Operating since 1997, Libertex has been providing trading services to over 2.2 million clients for 25 years.

Libertex is the best online trading platform in the Philippines, giving users access to a web-based platform that executes trades quickly. Libertex provides users with a site with a simple interface that can be customised to an individual’s needs.

Along with its platform, Libertex is integrated with MetaTrader 4 & 5. Libertex allows trading in cryptos stocks, oil/gas instruments, metals, currency pairs and asset classes. 

A CFD trading platform, Libertex offers 250 + CFD trading instruments. Users can apply leverage as high as 30x to increase the value of trades. There is the added benefit of not paying any trading fees for CFD crypto traders. 

Libertex applies tight spreads across all trading instruments, varying amounts per asset class. Users can begin trading with a 100 EUR deposit, which multiple payment options can make. 

Debit/credit cards, bank transfers, Neteller and Rapid Transfer, are a few of the supported payment methods on Libertex. 

For advanced traders, Skilling offers multiple indicators, charts and time frames to scan the global markets. Over 43 indicators, including volatility indicators and oscillators, are offered on this platform. 

What we like

8. Alpaca – Commission-Free Broker

Alpaca is a commission-free stock broker, that is regulated by the SEC in the U.S. This platform gives users access to U.S based stocks, ETFs, and cryptos.  

The Alpaca platform provides commission-free API keys to use, which lets users create their services on the platform. Users can access real-time market data and ultramodern charts on Alpaca with TradingView. 

The TradingView charts come with 100 + pre-built technical analysis indicators, which help users chart their trades. 

Many advanced trading strategies such as margin trading and short selling can also be applied when trading with Alpaca. Users can invest in over 8,000 stocks and ETFs, without paying any commission on trades. Furthermore, the platform supports fractional sharing – letting users buy stocks with as little as $1. 

The platform makes money by collecting payments from cash flows. When the brokers send orders from their clients to a specific exchange, they receive a commission on payment. 

Additionally, Alpaca charges a high margin rate fee of 3.75% per trade. 

What we like

9. First Metro Securities – Best Stock Trading Platform in the Philippines 

For users looking to trade with local brokerages, First Metro Securities is the best stock trading platform in the Philippines.

First Metro Securities is the investing arm of MetroBank, and lets users invest in stocks, ETFs, real investment trusts and more. The platform offers stock screens and technical analysis tools; With the stock screen tool, users can access four model portfolios to get an idea of the top stocks in various industries. 

Users can also access the Macro Update report, which provides investors with the latest economic data and its outlook to see where the market could go in the future. 

First, Metro Securities has a complex pricing structure which users should be aware of. A 0.25% trading fee or $0.50 is charged per trade, whichever is higher. Additionally, a broker-assisted order fee of 0.50% is charged. 

Finally, a 12% VAT is charged on buying and selling assets. 

What we like

10. AB Capital Securities – Popular Trading Platform in the Philippines

With over 65 years of industry experience, AB Capital Securities (ABCS) is one of the most popular stock brokerages in the Philippines. For 20 years, ABCS has been fully compliant with the CMIC (Capital Market Integrity Corporation), the Philippines stock exchange enforcement unit. 

Users can invest in stocks and mutual funds and also access broker-assisted trading.

This feature lets users gain advice from their brokers partnered with ABCS. The platform also supports margin facilities and provides leverage trading options to users. 

A trading commission of 0.25% is applied on all transactions, along with a 12% VAT. Additionally, a transaction fee of 0.005% and an SCCP fee of 0.01% are applied to transactions. 

What we like