- Broker definition: What is a stock broker?
- What are the different types of brokers?
- What are the best online brokers?
- What else should you look at when choosing an online broker?
- How to Start Trading with an Online Broker in the Philippines
- How does an online broker get paid?
- All our guides on the best brokers in the Philippines
- Our guides
- No fees on ETFs
- Easy to use platform
- Advanced analysis tools
- Fast and simple registration
- No fees on ETFs
- Easy to use platform
- Advanced analysis tools
- Fast and simple registration
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities including the FCA (United Kingdom), ASIC (Australia), and CySEC in Europe. With over 30 million users worldwide, eToro is widely recognized for its security and transparency. According to our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don't need to be an expert to get started. Its intuitive interface and unique tool, CopyTrader, allow you to copy the best traders to learn while investing. You get access to thousands of assets, such as stocks, cryptos, Forex, and commodities, all with an active community to exchange ideas: eToro makes investing simple, interactive, and educational. It's like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary by asset but remain very affordable. Deposits are free, and withdrawals are fixed at $5. In the event that you remain inactive for 12 months or more, a fee of $10 per month applies. Finally, the fees charged are clearly mentioned on their site (which cannot be said of all competitors).
Who is eToro for?
eToro is mainly aimed at beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal. Investors looking for a modern and intuitive experience will also find it suitable, with a key argument for them: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is it easy to withdraw money from eToro?
Yes, withdrawing your earnings from eToro is as simple as investing. With options like PayPal, bank transfer, or credit card, eToro processes your requests in 1 to 3 business days. The platform guarantees fee transparency, and the procedure is explained step by step, ensuring you have permanent access to your funds. After analyzing thousands of customer cases, no such problems have been identified.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities including the FCA (United Kingdom), ASIC (Australia), and CySEC in Europe. With over 30 million users worldwide, eToro is widely recognized for its security and transparency. According to our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don't need to be an expert to get started. Its intuitive interface and unique tool, CopyTrader, allow you to copy the best traders to learn while investing. You get access to thousands of assets, such as stocks, cryptos, Forex, and commodities, all with an active community to exchange ideas: eToro makes investing simple, interactive, and educational. It's like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary by asset but remain very affordable. Deposits are free, and withdrawals are fixed at $5. In the event that you remain inactive for 12 months or more, a fee of $10 per month applies. Finally, the fees charged are clearly mentioned on their site (which cannot be said of all competitors).
Who is eToro for?
eToro is mainly aimed at beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal. Investors looking for a modern and intuitive experience will also find it suitable, with a key argument for them: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is it easy to withdraw money from eToro?
Yes, withdrawing your earnings from eToro is as simple as investing. With options like PayPal, bank transfer, or credit card, eToro processes your requests in 1 to 3 business days. The platform guarantees fee transparency, and the procedure is explained step by step, ensuring you have permanent access to your funds. After analyzing thousands of customer cases, no such problems have been identified.
- Low fees on indices
- Free demo account
- Automated trading
- Flexible leverage
- Low fees on indices
- Free demo account
- Automated trading
- Flexible leverage
Is EightCap reliable?
Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you're looking for a reliable broker to start with, EightCap is a solid choice, recognized in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like MT4 and MT5, perfect for demanding traders. Are you a novice? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts have spreads from 0 pips, with a commission of $3.5 per lot. Standard accounts, on the other hand, have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
Is EightCap reliable?
Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you're looking for a reliable broker to start with, EightCap is a solid choice, recognized in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like MT4 and MT5, perfect for demanding traders. Are you a novice? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts have spreads from 0 pips, with a commission of $3.5 per lot. Standard accounts, on the other hand, have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
- Reduced fees on stocks
- Free demo account
- Copy trading available
- Islamic trading options
- Reduced fees on stocks
- Free demo account
- Copy trading available
- Islamic trading options
Is Avatrade reliable?
AvaTrade is a trusted broker, regulated by major institutions including the AMF in France, as well as the Central Bank of Ireland, ASIC (Australia) and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at Avatrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and investing, without surprises when it comes to paying.
Who is Avatrade for?
AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools such as automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as credit cards, bank transfer or e-wallets. Everything is designed to give you fast, clear and secure access.
Is Avatrade reliable?
AvaTrade is a trusted broker, regulated by major institutions including the AMF in France, as well as the Central Bank of Ireland, ASIC (Australia) and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at Avatrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and investing, without surprises when it comes to paying.
Who is Avatrade for?
AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools such as automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as credit cards, bank transfer or e-wallets. Everything is designed to give you fast, clear and secure access.
- Responsive support
- No fees on CFDs
- Copy trading available
- Learning tools
- Responsive support
- No fees on CFDs
- Copy trading available
- Learning tools
Is Vantage reliable?
Vantage is a reliable broker regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It distinguishes itself through the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage stands out for its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied offering of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.
What are the fees at Vantage?
The fees at Vantage are adapted for everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you maintain control of your costs to invest effectively.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees, and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is quick and secure. Requests are processed in less than 48 hours, and you can choose between bank transfer, cards, or e-wallets. The platform guarantees smooth transactions and reduced fees, allowing you to access your earnings easily.
Is Vantage reliable?
Vantage is a reliable broker regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It distinguishes itself through the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage stands out for its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied offering of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.
What are the fees at Vantage?
The fees at Vantage are adapted for everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you maintain control of your costs to invest effectively.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees, and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is quick and secure. Requests are processed in less than 48 hours, and you can choose between bank transfer, cards, or e-wallets. The platform guarantees smooth transactions and reduced fees, allowing you to access your earnings easily.
- No fees on stocks
- Unlimited demo account
- Copy trading available
- Personalized assistance
- No fees on stocks
- Unlimited demo account
- Copy trading available
- Personalized assistance
Is XTB reliable?
XTB is a trusted broker, regulated in France by the AMF and overseen by reputable authorities like the FCA and CySEC. It protects client funds in segregated accounts, ensuring a secure trading environment. With millions of users, XTB stands out as a reliable and transparent platform.
Why choose XTB?
XTB appeals with its intuitive platform and powerful tools like xStation, ideal for all levels. With a wide range of assets including stocks, cryptos, and Forex, investment becomes accessible. In addition, its rich educational content allows traders to evolve quickly and gain autonomy.
What are the fees at XTB?
XTB offers competitive fees, including 0% commission on the purchase of stocks and ETFs. Spreads are attractive and deposits are free. Withdrawals over €100 are free of charge, and prolonged inactivity may incur fees after one year. Transparency is at the heart of its model.
Who is XTB for?
XTB is suitable for both beginners and experienced investors. Novices will appreciate its educational resources and easy handling, while experienced traders will benefit from advanced tools and a wide selection of assets to diversify their strategies.
Is it easy to withdraw money from XTB?
XTB facilitates withdrawals with various options such as bank transfer and e-wallets. Requests are generally processed within 24 hours, ensuring quick access to funds. No fees are applied beyond a certain amount, and the process is clear and secure.
Is XTB reliable?
XTB is a trusted broker, regulated in France by the AMF and overseen by reputable authorities like the FCA and CySEC. It protects client funds in segregated accounts, ensuring a secure trading environment. With millions of users, XTB stands out as a reliable and transparent platform.
Why choose XTB?
XTB appeals with its intuitive platform and powerful tools like xStation, ideal for all levels. With a wide range of assets including stocks, cryptos, and Forex, investment becomes accessible. In addition, its rich educational content allows traders to evolve quickly and gain autonomy.
What are the fees at XTB?
XTB offers competitive fees, including 0% commission on the purchase of stocks and ETFs. Spreads are attractive and deposits are free. Withdrawals over €100 are free of charge, and prolonged inactivity may incur fees after one year. Transparency is at the heart of its model.
Who is XTB for?
XTB is suitable for both beginners and experienced investors. Novices will appreciate its educational resources and easy handling, while experienced traders will benefit from advanced tools and a wide selection of assets to diversify their strategies.
Is it easy to withdraw money from XTB?
XTB facilitates withdrawals with various options such as bank transfer and e-wallets. Requests are generally processed within 24 hours, ensuring quick access to funds. No fees are applied beyond a certain amount, and the process is clear and secure.
- No fees on stocks
- Intuitive interface
- Automated trading
- Planning available
- No fees on stocks
- Intuitive interface
- Automated trading
- Planning available
Is Trade Republic reliable?
Yes, Trade Republic is regulated by reputable regulators, including the AMF in France, as well as BaFin and the German Central Bank. With strict security standards and millions of users, the platform has established itself as a benchmark in Europe for online investing.
Why choose Trade Republic?
Trade Republic transforms investing into a simple and affordable experience. With an intuitive mobile application, fixed fees of only €1 per transaction, and features like scheduled investment plans, it's an ideal solution for investing at your own pace. In addition, Trade Republic offers a PEA (Plan d'Épargne en Actions), a particularly attractive tax advantage for investors wishing to optimize their long-term investments.
What are the fees at Trade Republic?
Trade Republic focuses on ultra-simple pricing: no commission fees on stocks, ETFs, or cryptos, with the exception of a fixed cost of €1 per transaction. Deposits and withdrawals are free. This clear and economical model is particularly suitable for beginner or regular investors.
Who is Trade Republic for?
Trade Republic is aimed at those who want to invest easily and at their own pace. Beginners or occasional investors will appreciate its mobile interface and scheduled plans for effortless saving. It is also suitable for those looking for a modern alternative to traditional banks.
Is it easy to withdraw money from Trade Republic?
Yes, Trade Republic simplifies the withdrawal of your funds. You can make your request in a few clicks from the application, and the transfer to your bank account is usually completed in 2 to 3 business days. The transparency and security of the process make Trade Republic a reliable solution for accessing your earnings quickly and without complications.
Is Trade Republic reliable?
Yes, Trade Republic is regulated by reputable regulators, including the AMF in France, as well as BaFin and the German Central Bank. With strict security standards and millions of users, the platform has established itself as a benchmark in Europe for online investing.
Why choose Trade Republic?
Trade Republic transforms investing into a simple and affordable experience. With an intuitive mobile application, fixed fees of only €1 per transaction, and features like scheduled investment plans, it's an ideal solution for investing at your own pace. In addition, Trade Republic offers a PEA (Plan d'Épargne en Actions), a particularly attractive tax advantage for investors wishing to optimize their long-term investments.
What are the fees at Trade Republic?
Trade Republic focuses on ultra-simple pricing: no commission fees on stocks, ETFs, or cryptos, with the exception of a fixed cost of €1 per transaction. Deposits and withdrawals are free. This clear and economical model is particularly suitable for beginner or regular investors.
Who is Trade Republic for?
Trade Republic is aimed at those who want to invest easily and at their own pace. Beginners or occasional investors will appreciate its mobile interface and scheduled plans for effortless saving. It is also suitable for those looking for a modern alternative to traditional banks.
Is it easy to withdraw money from Trade Republic?
Yes, Trade Republic simplifies the withdrawal of your funds. You can make your request in a few clicks from the application, and the transfer to your bank account is usually completed in 2 to 3 business days. The transparency and security of the process make Trade Republic a reliable solution for accessing your earnings quickly and without complications.
- Low crypto fees
- Easy for beginners
- Staking available
- Savings plan available
- No demo account
- Low crypto fees
- Easy for beginners
- Staking available
- Savings plan available
Is Bitpanda reliable?
Yes, Bitpanda is a reliable platform, in accordance with the strict regulations of the AMF, guaranteeing a secure trading environment. User funds are protected and transparency is at the heart of its operations, offering a reassuring and safe experience for all investors.
Why choose Bitpanda?
Opting for Bitpanda means choosing a welcoming platform, specially designed to be accessible to beginners thanks to its intuitive interface. With a wide range of assets and innovative tools, it encourages training and collaboration within an active community.
What are the fees at Bitpanda?
The fees at Bitpanda are clear and competitive. Buying stocks or ETFs is commission-free, and the spreads are relatively low. Although inactivity fees may apply, everything is clearly detailed to avoid surprises for the user.
Who is Bitpanda for?
Bitpanda is aimed at both novices and experienced investors. Beginners appreciate its simplicity, while experts find satisfaction in the diversity of assets available such as stocks, cryptocurrencies and ETFs, making the platform versatile.
Is it easy to withdraw money from Bitpanda?
Withdrawing funds from Bitpanda is simple and intuitive. With various withdrawal options such as PayPal, bank transfer or credit card, the process is quick and transparent, ensuring that users access their money without hassle.
Is Bitpanda reliable?
Yes, Bitpanda is a reliable platform, in accordance with the strict regulations of the AMF, guaranteeing a secure trading environment. User funds are protected and transparency is at the heart of its operations, offering a reassuring and safe experience for all investors.
Why choose Bitpanda?
Opting for Bitpanda means choosing a welcoming platform, specially designed to be accessible to beginners thanks to its intuitive interface. With a wide range of assets and innovative tools, it encourages training and collaboration within an active community.
What are the fees at Bitpanda?
The fees at Bitpanda are clear and competitive. Buying stocks or ETFs is commission-free, and the spreads are relatively low. Although inactivity fees may apply, everything is clearly detailed to avoid surprises for the user.
Who is Bitpanda for?
Bitpanda is aimed at both novices and experienced investors. Beginners appreciate its simplicity, while experts find satisfaction in the diversity of assets available such as stocks, cryptocurrencies and ETFs, making the platform versatile.
Is it easy to withdraw money from Bitpanda?
Withdrawing funds from Bitpanda is simple and intuitive. With various withdrawal options such as PayPal, bank transfer or credit card, the process is quick and transparent, ensuring that users access their money without hassle.
- No fees on ETFs
- Educational resources
- Copy trading available
- Stop orders available
- No fees on ETFs
- Educational resources
- Copy trading available
- Stop orders available
Is IG reliable?
Yes, IG is a reputable trading platform regulated by top-tier authorities such as the FCA in the UK. It protects client funds through segregated accounts and ensures enhanced security. Many users attest to its seriousness and transparency in managing transactions.
Why choose IG?
IG is ideal for both beginners and more experienced traders. Its simple interface and practical tools, such as the ProRealTime function, facilitate learning to trade. The platform offers a wide choice of assets, from stocks to cryptocurrencies, while emphasizing an active community to exchange and progress together.
What are the fees at IG?
IG stands out with competitive fees, with no commission on the purchase of stocks and ETFs. Spreads are affordable, and there are no fees on deposits. However, inactivity fees may apply if your account is inactive for 2 years. The platform focuses on transparency to avoid surprises.
Who is IG for?
IG is suitable for all types of investors. If you are a novice, you will benefit from a clear interface and demo accounts to learn at your own pace. For experienced traders, IG offers powerful tools and a wide variety of assets, from stocks to options, to refine your trading strategies.
Is it easy to withdraw money from IG?
Withdrawing your money from IG is quick and easy. You can use several methods such as bank transfer, PayPal, or credit card. Withdrawals are processed quickly and the fees are transparent. Thousands of clients testify to the fluidity of the process and direct access to their funds.
Is IG reliable?
Yes, IG is a reputable trading platform regulated by top-tier authorities such as the FCA in the UK. It protects client funds through segregated accounts and ensures enhanced security. Many users attest to its seriousness and transparency in managing transactions.
Why choose IG?
IG is ideal for both beginners and more experienced traders. Its simple interface and practical tools, such as the ProRealTime function, facilitate learning to trade. The platform offers a wide choice of assets, from stocks to cryptocurrencies, while emphasizing an active community to exchange and progress together.
What are the fees at IG?
IG stands out with competitive fees, with no commission on the purchase of stocks and ETFs. Spreads are affordable, and there are no fees on deposits. However, inactivity fees may apply if your account is inactive for 2 years. The platform focuses on transparency to avoid surprises.
Who is IG for?
IG is suitable for all types of investors. If you are a novice, you will benefit from a clear interface and demo accounts to learn at your own pace. For experienced traders, IG offers powerful tools and a wide variety of assets, from stocks to options, to refine your trading strategies.
Is it easy to withdraw money from IG?
Withdrawing your money from IG is quick and easy. You can use several methods such as bank transfer, PayPal, or credit card. Withdrawals are processed quickly and the fees are transparent. Thousands of clients testify to the fluidity of the process and direct access to their funds.
- Low CFD fees
- Automated trading
- Ultra-fast execution
- Limited demo account
- Low CFD fees
- Automated trading
- Ultra-fast execution
Is Pepperstone reliable?
Yes, Pepperstone is a reliable trading platform regulated by reputable authorities such as the FCA (United Kingdom) and ASIC (Australia). It ensures the security of funds through segregated accounts and advanced security protocols. Users appreciate the transparency and strict regulation that govern operations on this platform.
Why choose Pepperstone?
Pepperstone stands out for its accessibility and tools tailored to all profiles. With an intuitive platform and powerful tools like cTrader, both beginners and experienced traders can leverage a wide range of assets, from currencies to indices. The emphasis is on competitive spreads and fast order execution.
What are the fees at Pepperstone?
Pepperstone offers attractive fees with spreads from 0 pips on Raw accounts, but with a small commission of $3.5 per lot. For Standard accounts, there are no commissions, but slightly wider spreads. No fees on deposits, and withdrawal fees are transparent and reasonable.
Who is Pepperstone for?
Pepperstone is perfect for traders of all levels. Beginners will benefit from guides and demo accounts to practice, while more advanced users will appreciate the speed of the platform and access to high-end trading tools. Its diversity of assets allows everyone to find their area of expertise.
Is it easy to withdraw money from Pepperstone?
Withdrawing funds from Pepperstone is a simple and fast process. You can make your withdrawals via bank transfer, credit card or e-wallets. Requests are generally processed within 1 to 2 business days, with transparent withdrawal fees and a clear procedure, appreciated by many users.
Is Pepperstone reliable?
Yes, Pepperstone is a reliable trading platform regulated by reputable authorities such as the FCA (United Kingdom) and ASIC (Australia). It ensures the security of funds through segregated accounts and advanced security protocols. Users appreciate the transparency and strict regulation that govern operations on this platform.
Why choose Pepperstone?
Pepperstone stands out for its accessibility and tools tailored to all profiles. With an intuitive platform and powerful tools like cTrader, both beginners and experienced traders can leverage a wide range of assets, from currencies to indices. The emphasis is on competitive spreads and fast order execution.
What are the fees at Pepperstone?
Pepperstone offers attractive fees with spreads from 0 pips on Raw accounts, but with a small commission of $3.5 per lot. For Standard accounts, there are no commissions, but slightly wider spreads. No fees on deposits, and withdrawal fees are transparent and reasonable.
Who is Pepperstone for?
Pepperstone is perfect for traders of all levels. Beginners will benefit from guides and demo accounts to practice, while more advanced users will appreciate the speed of the platform and access to high-end trading tools. Its diversity of assets allows everyone to find their area of expertise.
Is it easy to withdraw money from Pepperstone?
Withdrawing funds from Pepperstone is a simple and fast process. You can make your withdrawals via bank transfer, credit card or e-wallets. Requests are generally processed within 1 to 2 business days, with transparent withdrawal fees and a clear procedure, appreciated by many users.
Brokers have developed significantly over the past 30 years by facilitating the buying and selling of financial securities (stocks, bonds, currencies, commodities, cryptocurrencies, etc.) for their clients. Compared to traditional banks, they have access to many more products with significantly lower commission levels due to the volume they process.
However, there are more than 78 financial intermediaries regulated in the Philippines, so it's difficult to know which one to turn to for managing your buy or sell orders.
That's why our team of experts has analyzed all of them in order to offer you an independent and complete comparison.
Broker definition: What is a stock broker?
A broker, also known as a stockbroker, is a financial intermediary that facilitates the buying and selling of financial securities, such as stocks, bonds, currencies, commodities, cryptocurrencies, and other financial instruments, on behalf of its clients. The primary role of a broker is to enable investors to access financial markets by executing their buy or sell orders.
Here's a comparison table between an online broker and a traditional bank for investing:
| Criteria | Online Broker | Traditional Bank |
|---|---|---|
| Brokerage Fees | ₱0 and ₱10 per order | ₱15 and ₱60 per order |
| Accessibility | Accessible 24/7 via online platforms | Limited hours, with online services often more restrictive |
| Financial Products Offered | Wide range of products: stocks, ETFs, CFDs, crypto, etc. | More traditional products: stocks, bonds, mutual funds |
| Ease of Account Opening | 10 to 30 minutesEasy identity verification with scan of an ID. | A few daysLonger identity verification requiring the sending of official documents. |
| Personalized Services | Limited options, often automated customer service | Personalized advice in branch with an advisor |
| Promotional Offers | Frequent promotions, welcome bonus | Rare promotions, often reserved for loyal customers |
| Training and Educational Tools | Often offered, with webinars, articles, etc. | Less common, training limited to brochures or in-branch appointments |
| Customer Support | Support via chat, email, sometimes phone | Support in branch, phone, and email |
| Investment Diversity | Wide choice of international investments | Often limited to domestic markets |
| Commodity | Investment at the click of a button, autonomous management | Often requires physical interactions for certain operations |
What are the different types of brokers?
The different types of brokers are as follows:
| Broker Type | Typical Profile | Description |
|---|---|---|
| General Broker | I want to invest in several types of assets to diversify my portfolio. | A broker that offers a wide range of financial assets, such as stocks, bonds, ETFs, commodities, currencies, etc. It offers diversification and is suitable for various investor profiles. |
| Forex Broker | I just want to invest in Forex to speculate on exchange rates. | Specialized in the currency market, this type of broker allows you to trade currency pairs (EUR/USD, GBP/JPY, etc.). It is used by investors who want to speculate on exchange rate fluctuations. |
| CFD Broker | I want to take advantage of market volatility without directly owning the assets. | This broker offers contracts for difference (CFDs), which allow you to speculate on the rise or fall of an asset without owning it. CFDs can be used to trade stocks, indices, commodities, and currencies with Philippines leverage. |
| ETF Broker | I want to invest in ETFs to get diversified exposure at a lower cost. | Specialized in exchange-traded funds (ETFs), this type of broker allows investors to buy and sell ETFs, which are baskets of securities replicating a specific index or sector. |
| Crypto Trading Platform | I want to invest and trade cryptocurrencies to diversify my portfolio. | These platforms are dedicated to buying, selling, and trading cryptocurrencies such as Bitcoin, Ethereum, and other altcoins. They may also offer crypto wallet and staking services. |
| Stock Broker | I want to buy and sell shares to invest long-term in the stock market. | This type of broker allows the purchase and sale of shares on the stock markets. It is generally used by investors who wish to trade or invest long-term in listed companies. |
What are the best online brokers?
Best broker according to the type of assets to trade
Best forex broker
To choose the best Forex broker, here are the most important characteristics to take into account:
- Spreads and Trading Fees: Check the spreads (differences between the buy and sell price) offered by the broker on Forex for the most important currency pairs like EUR/USD, USD/JPY or GBP/USD.
- Overnight Fees: If you want to keep your positions open for more than a day, these fees, which are charged overnight, should also be taken into account.
- Leverage: Compare the maximum leverage available for currency pairs. Higher leverage allows you to maximize potential gains, but also increases risks. The leverage available in the Philippines should be considered.
- Order Execution Speed: Fast execution is essential for Forex trading, where prices can change in a fraction of a second.
- Trading Platform: Check the quality of the trading platform (like MetaTrader 4 or 5), its user interface, and the technical analysis tools offered.
Best CFD Broker in the Philippines
If you want to trade CFDs, here are the essential points to compare:
- Transaction Fees: Examine spreads, commissions, and overnight fees (swap) for CFDs.
- Leverage: CFDs allow trading with leverage. Compare the leverage levels offered for different assets (stocks, indices, commodities). Leverage in the Philippines may vary, so make sure to check the regulations.
- Asset Offering: A good CFD broker should offer a wide range of underlying assets, including stocks, indices, commodities, and currencies.
- Negative Balance Protection: Verify that the broker offers negative balance protection, so you cannot lose more than you have invested.
- Risk Management Tools: Check the availability of stop loss, take profit, and other risk management tools to protect your investments.
- Interface and Trading Tools: Evaluate the quality of the trading platform, charts, technical indicators, and automatic trading capabilities.
Watch out!
CFDs are speculative financial products that allow you to bet on the price variation of an "underlying asset" without owning it. They are based on a contract between the buyer and the seller, where the transaction is based on the difference in value between the asset at the opening and closing of the position. Consequently, you can potentially realize significant gains, but you are also exposed to significant losses.
Best ETF Broker
To choose the best ETF broker, here are the characteristics to consider:
- Diversity of ETFs offered: a good ETF broker should offer a wide selection of ETFs, covering different sectors, indices, and geographical areas.
- Management fees: compare the management fees of ETFs as well as transaction fees. Some brokers offer commission-free ETFs.
- Access to international markets: check if the broker provides access to ETFs listed on different international stock markets.
- Dividend reinvestment options: some brokers offer dividend reinvestment plans for ETFs, which can be advantageous for long-term investors.
Best Stock Broker
If you are looking to invest in stocks, here are the essential criteria to evaluate:
- Brokerage Fees: Compare brokerage fees for buying and selling stocks. Some brokers offer commission-free transactions, while others charge fixed or variable fees.
- Access to International Stock Exchanges: If you want to invest in foreign stocks, check if the broker provides access to multiple international stock markets.
- Analysis Tools: Evaluate the availability of fundamental and technical analysis tools, such as stock screeners, analyst reports, and advanced charts.
Best Online Broker by Trading Level
Broker for Beginners
If you are new to trading, here are the essential characteristics to look for in a href="https://hellosafe.fr/investissement/trading/trader-debutant">broker for beginners:
- Copy Trading Feature: Some platforms allow beginners to automatically copy trades from experienced traders, which can be a great way to learn by observing.
- Demo Account: A demo account is crucial for beginners as it allows you to practice trading with virtual money without risking real funds. Brokers with demo accounts are listed in our comparator.
- Educational Resources: A good broker for beginners should offer a wide range of educational resources, such as tutorials, webinars, articles, and videos. These resources are essential for developing an understanding of the financial markets.
- Intuitive User Interface: The trading platform should be easy to navigate, with a clear interface and simple trading tools to use.
- Responsive Customer Support: Accessible and responsive customer support is important to help beginners quickly resolve any problems or questions they may encounter.
Broker para sa mga may karanasang trader
Para sa mga may karanasang trader, narito ang mga pinakamahalagang katangian na dapat ihambing:
- Access to Diversified Markets: An experienced trader's broker should offer access to a wide range of markets, including stocks, currencies, commodities, indices, and cryptocurrencies, to allow for maximum diversification.
- Advanced Analysis Tools: Experienced traders need platforms that offer advanced technical and fundamental analysis tools, such as indicators, customizable charts, and stock screeners.
- Fast Order Execution: Ultra-fast order execution is crucial for experienced traders looking to enter and exit positions at precise moments, especially in volatile markets.
- Platform Customization: Seasoned traders look for platforms that can be customized to their needs, with the ability to add specific indicators, trading algorithms, or automated strategies.
- Access to Sophisticated Trading Tools: Features such as algorithmic trading, APIs for third-party software integration, and margin trading options are important for experienced traders.
- Risk Management and Advanced Order Types: A good broker for experienced traders should offer a full range of order types (stop loss, take profit, trailing stop) and risk management tools to maximize profits while minimizing losses.
- Competitive Transaction Fees: Experienced traders, who often make numerous trades, need brokers with low transaction fees to maximize their returns.
Pinakamahusay na broker ayon sa trading platform
Broker na may Metatrader MT4 o MT5
Kung mas gusto mong gumamit ng MetaTrader, narito ang mahahalagang katangian na dapat hanapin sa isang broker na nag-aalok ng MT4 o MT5:
- MT4/MT5 Compatibility : Check that the broker offers full integration with MetaTrader 4 or 5, allowing access to all the platform's features.
- Varied Asset Offering : Look for a broker that offers a wide range of assets to trade via MT4 or MT5, including currencies, commodities, indices, and stock CFDs.
- Advanced Trading Tools : MetaTrader is known for its advanced technical analysis tools, such as customizable indicators, trading robots (Expert Advisors), and interactive charts. Check that the broker allows the use of these tools without restrictions.
- Fast Order Execution : To get the most out of MT4/MT5, choose a broker that offers fast and reliable order execution, which is essential for short-term trading strategies.
- Customization of Scripts and Algorithms : Experienced traders appreciate the ability to create and use custom scripts and algorithms on MetaTrader. Check that the broker supports this feature.
Broker with Trading View
For traders who prefer to use TradingView, here are the most important criteria to consider:
- Integration with TradingView: Verify that the broker is perfectly integrated with TradingView, allowing you to execute trades directly from TradingView charts.
- Advanced charting tools: TradingView is known for its superior charting and technical analysis tools. Choose a broker that allows you to take full advantage of these tools to develop complex strategies.
- Access to real-time market data: A good broker with TradingView should offer precise real-time data feeds for a wide range of assets, ensuring that your trading decisions are based on the most up-to-date information.
- Compatibility with automated trading strategies: Verify that the broker allows the execution of trading algorithms and automated strategies developed on TradingView.
- Multi-asset support: A broker compatible with TradingView should offer a wide range of assets to trade, including stocks, indices, cryptocurrencies, commodities, and currencies.
- Transparent trading fees : Since TradingView often attracts active traders, choose a broker that offers competitive trading fees to maximize your profits while using this powerful platform.
Best Broker According to Trading Strategy
Broker for Scalping
Scalping is a short-term trading strategy that involves making multiple small transactions over a short period to take advantage of micro-price movements.
If you practice scalping, here are the essential characteristics to look for in a broker:
- Ultra-fast order execution: Scalping relies on fast transactions, often in seconds or minutes. Choose a broker that offers near-instantaneous order execution to maximize profit opportunities.
- Tight spreads: Scalpers make many small transactions, so tight spreads are crucial to minimize costs and maximize gains.
- No scalping restrictions: Some brokers limit or prohibit scalping. Verify that the broker you choose explicitly allows this strategy.
- High-performance trading platform: A responsive platform with advanced features, such as real-time charts and stop-loss orders, is essential for scalpers.
- Low transaction fees: As scalping involves many transactions per day, choose a broker with low transaction fees to avoid reducing your profits.
- Appropriate leverage: High leverage can be beneficial for scalping, but it is important to fully understand the associated risks.
Brokers for Swing Trading
Swing trading is a medium-term investment strategy that aims to benefit from price fluctuations over several days or weeks by taking positions to capture trend movements.
If you're practicing swing trading, consider these important points:
- Suitable leverage: while high leverage can be beneficial for scalping, it’s important to fully understand the associated risks: swing trading involves holding positions for days or weeks. Find a broker that offers limit orders, stop-loss, and take-profit options for efficient position management
- Technical analysis tools: a platform with advanced technical analysis tools, like trend indicators, oscillators, and candlestick patterns, is crucial for identifying swing trading opportunities
- Competitive spreads and commissions: even though swing trading generates fewer transactions than scalping or day trading, costs must remain low to maximize long-term profits
- Access to various markets: swing trading can apply to different assets (stocks, currencies, commodities). Choose a broker that offers a wide range of assets to diversify your positions
- Multi-asset support: the ability to trade various assets on a single platform is advantageous for swing traders aiming to capture price movements across different markets
Brokers for Day Trading
Day trading involves buying and selling financial assets within the same day to profit from intraday price fluctuations. Here’s what U.S. day traders should prioritize in a broker:
- Fast order execution: day trading requires quick market movements, so instant order execution is key to capturing small price changes
- Tight spreads and low commissions: with numerous trades in a day, choose a broker with tight spreads and low commissions to minimize costs
- Advanced trading platform: access to a responsive platform with real-time charts and technical analysis tools is crucial for day trading success
- Access to real-time market data: real-time market information is essential for making informed decisions and executing trades effectively
- Appropriate leverage: moderate leverage can be beneficial, but it’s important to choose a level that aligns with your risk tolerance
- Risk management tools: features like stop-loss and trailing stop orders are vital for protecting against significant losses during day trading
What else should you look at when choosing an online broker?
Broker regulation in the Philippines
Broker regulation is a crucial aspect to consider when choosing an online broker. A regulated broker is subject to strict standards imposed by financial authorities, ensuring the security of client funds, transparency of operations, and compliance with applicable laws. Regulation also ensures that the broker has mechanisms to resolve disputes and protects investors against fraudulent practices.
Principal regulatory bodies in the Philippines:
- Securities and Exchange Commission (SEC) - Philippines
- Financial Conduct Authority (FCA) - United Kingdom
- Securities and Exchange Commission (SEC) - United States
- Australian Securities and Investments Commission (ASIC) - Australia
- Cyprus Securities and Exchange Commission (CySEC) - Cyprus
- BaFin (Federal Financial Supervisory Authority) - Germany
Investing with a broker regulated by one of these organizations allows you to benefit from better protection and greater peace of mind.
Assets offered for trading by the stockbroker
The choice of available assets is also essential, as it determines the diversification opportunities and trading strategies that you can implement. Here is a table of the main types of assets that brokers can offer:
| Asset Type | Description | What is Trading These Assets About | Example Yield |
|---|---|---|---|
| Stocks | Ownership shares of publicly traded companies | Buying and selling shares of a company in the hope of realizing a capital gain. Traders can profit from price variations or dividends. | Investing PHP 10,000 in Amazon shares in 2016 could have generated an average annual return of 30%, reaching approximately PHP 37,000 in 2021. |
| Bonds | Debt securities issued by governments or companies | Trading based on buying debt securities at one price and reselling at a higher price, or obtaining a fixed income in the form of coupons (interest). | A 10-year government bond with an interest rate of 2% on an investment of PHP 10,000 would generate PHP 200 per year, or PHP 2,000 over 10 years. |
| Currencies (Forex) | Currency pairs for trading on the foreign exchange market | Speculation on exchange rate variations between two currencies (e.g., EUR/USD). Trading can be influenced by economic, political, and technical factors. | An EUR/USD trade with a leverage of 1:30 on an investment of PHP 1,000 could generate a profit of PHP 300 if the pair increases by 1%. |
| Commodities | Gold, oil, silver, and other natural resources | Buying and selling contracts or CFDs based on commodity prices. Traders speculate on price variations caused by supply, demand, and geopolitical events. | Investing PHP 10,000 in gold in 2019 would have yielded approximately 25%, a gain of PHP 2,500, when the price of gold went from $1,300 to $1,600 an ounce. |
| Indices | Groups of shares representative of a market or sector | Trading on the collective performance of a set of stocks, such as the S&P 500. Traders speculate on the rise or fall of an index based on the overall performance of the market. | Investing PHP 10,000 in an index following the S&P 500 in 2010 could have generated an average annual return of 13%, reaching approximately PHP 34,000 in 2020. |
| ETF | Exchange-traded funds that track an index or sector | Investing in a diversified basket of assets with a single product. ETFs can be traded like stocks, but they offer diversification across a specific sector or index. | An ETF following the NASDAQ-100 would have generated approximately 40% return in 2020, with an investment of PHP 10,000 worth PHP 14,000 at the end of the year. |
| CFD | Contracts for difference allowing speculation on various assets without owning them | Speculation on the price movements of an underlying asset without having to own the asset. CFDs allow trading with leverage, increasing potential gains, but also risks. | A trade on a CFD with a leverage of 1:20 on a stock that increases by 5% could generate a profit of PHP 100 on an investment of PHP 100. |
| Cryptocurrencies | Digital assets such as Bitcoin, Ethereum, etc. | Trading on the price volatility of cryptocurrencies. Traders buy or sell cryptocurrencies based on market fluctuations, influenced by technological, regulatory, or security announcements. | Investing PHP 1,000 in Bitcoin in 2017 could have been worth approximately PHP 20,000 in 2021, an exceptional return of 1,900%. |
Choose a broker that offers the assets you want to trade, and verify the diversity of options available to adapt your strategy.
Account Types
Online brokers offer different types of accounts to suit the varied needs of traders, whether they are beginners or professionals.
- Standard Trading Account: A standard account for individual investors, offering access to financial markets with basic tools.
- Pro Trading Account: Designed for experienced or institutional traders, this account offers improved trading conditions, such as reduced spreads, higher leverage limits, and personalized services.
- Demo Account: Allows traders to practice with virtual money, test strategies without risk, and familiarize themselves with the trading platform.
- Islamic Account: Designed for traders who wish to comply with the principles of Islamic finance, this account does not apply interest charges on positions held open (swap).
Key Features to Look for in a Trading Platform
A trading platform isn’t just a place to buy and sell—it’s your main tool for executing trades, analyzing markets, and managing risk. Here are some features that can make a big difference:
- Copy trading: lets you automatically mirror the trades of experienced investors, which can be useful if you're still learning how to trade.
- Market insights: access to real-time market data, expert analysis, and financial news to help you make informed decisions.
- Automated trading: some platforms allow you to set up trading bots or algorithms to execute trades based on preset conditions.
- Risk management tools: features like stop-loss and take-profit orders help you control your risk and lock in profits without having to monitor the market 24/7.
Broker Fees, Spreads, and Commissions
Trading-related costs can significantly impact your profits, so it's essential to understand the different types of fees:
| Type of Fee | Description | Average Fees |
|---|---|---|
| Type of Fee | Description | Average Fees |
| Transaction Fees | Fixed or percentage fees charged on each buy or sell order. | 0% to 0.5% per transaction, or PHP 1 to PHP 10 per order |
| Spreads | Difference between the buy and sell price of an asset, representing an implicit cost. | 0.5 to 3 pips depending on the liquidity of the asset |
| Overnight Financing Fees (Swap) | Interest on positions held open beyond one day (overnight). | 0.01% to 0.05% per day on the value of the position |
| Inactivity Fees | Fees charged if the account is inactive for a given period. | PHP 5 to PHP 15 per month after 3 to 12 months of inactivity |
| Deposit/Withdrawal Fees | Fees applied to deposit or withdraw funds from the trading account. | 0% to 2% of the amount deposited/withdrawn, or PHP 1 to PHP 10 per transaction |
- Transaction Fees: Fixed or percentage-based fees charged on each buy or sell order. For example, you buy shares of a company for ₱1,000. The broker applies a commission of 0.5% per transaction. You will therefore pay ₱5 (0.5% of ₱1,000) in commission for this purchase.
- Spreads: Difference between the buying and selling price of an asset, constituting an implicit cost for the trader. Spreads can be fixed or variable. For example, on the Forex market, you decide to trade the EUR/USD pair. The purchase price is 1.1200 and the sale price is 1.1198. The spread is therefore 0.0002 (or 2 pips). If you buy this pair, you will start with a loss of 2 pips, which is the broker's margin.
- Financing Fees (swap): Interest charged on positions held open beyond one day (overnight), mainly on Forex and CFDs. For example, you maintain an open position on a currency pair overnight. If the swap fees for this pair are 0.01% per day, and your position is ₱10,000, you will pay ₱1 (₱10,000 x 0.01%) for each day you keep the position open.
- Inactivity Fees : Some brokers charge a fee if the account is not used for a certain period. For example, your trading account has had no activity (neither transaction nor connection) for six months. The broker charges an inactivity fee of ₱10 per month. After six months of inactivity, you will be charged ₱60 (₱10 x 6 months).
- Deposit/Withdrawal Fees : Fees may be applied to deposit or withdraw funds from the trading account. For example, you deposit ₱1,000 into your trading account via a bank transfer, and the broker charges 1% deposit fees. You will therefore have to pay ₱10 (1% of ₱1,000) at the time of deposit. If you withdraw ₱500 later, and the withdrawal is charged at 2%, you will pay ₱10 (2% of ₱500) in withdrawal fees.
How to Start Trading with an Online Broker in the Philippines
If you are a beginner and want to get started with online trading, here is a step-by-step guide using a typical example of the brokers available in the Philippines market.
1. Creating a Trading Account
The first step to start trading is to create a trading account. The process is often designed to be simple and fast, perfect for beginners:
- Quick Registration: Go to your broker's website and click on the account creation button or link. Fill out a simple form with your basic personal information.
- Easy KYC: Most brokers implement a simplified KYC (Know Your Customer) verification process. Simply upload a copy of your identification (passport or identity card) and a recent proof of address. The verification process is quick, usually completed within a few hours. Keep a copy of your KYC documents up to date, such as your proof of address, to facilitate future verifications. This could avoid delays in processing withdrawals.
2. Funding Your Account
Once your account is created and verified, you will need to deposit funds to start trading:
- Various Deposit Methods: Brokers often offer multiple options for funding your account, including credit card, bank transfer, and e-wallets like PayPal and Skrill. If you use e-wallets like PayPal or Skrill to deposit funds, be sure to check the transaction fees. Some services may apply additional fees that could impact your earnings.
- Instant Deposit: Deposits made by credit card or e-wallet are generally instant, allowing you to start trading immediately. If your bank account is in Philippine Peso but your trading account is in dollars, watch out for currency conversion fees. Consider using a multi-currency account or check if your bank offers competitive exchange rates to avoid additional fees on deposits and withdrawals.
3. Placing Your First Trade
Now that your account is funded, you're ready to execute your first trade:
- Choose an asset: most brokers offer a wide range of assets, including forex, stocks, indices, commodities, and cryptocurrencies.
- Place an order: decide whether you want to buy (if you expect the price to rise) or sell (if you think the price will drop).
- Set trading parameters: you can add risk management tools like stop-loss (to limit potential losses) and take-profit (to automatically secure profits at a set price).
4. Withdrawing Funds
When you're ready to cash out your profits or withdraw funds, here’s what to expect:
- Simple process: most brokers make withdrawals easy—just log into your account, select the withdrawal option, and choose your preferred method.
- Processing time: withdrawals to e-wallets like PayPal or Skrill are typically processed within 24 hours, while bank transfers can take a few business days. Weekends and public holidays may cause delays.
Trading Example with an Online Broker
Let's take a concrete example to illustrate the trading process:
Suppose you want to trade the EUR/USD currency pair.
You analyze the price charts and decide that the Euro will strengthen against the US Dollar.
You place a buy order of 1 lot on EUR/USD at a price of 1.1200. You set a stop-loss at 1.1150 (to limit your loss to 50 pips) and a take-profit at 1.1250 (to take a gain of 50 pips).
Result: If the market moves as expected, the price reaches 1.1250, and your take-profit order is executed, realizing a gain of 50 pips. If the market turns around, your stop-loss is triggered at 1.1150, limiting your loss.
How does an online broker get paid?
An online broker is mainly compensated in several ways, depending on the services it offers. Here are the main sources of income for an online broker:
- Commissions on buy and sell orders: Some brokers charge a fixed commission or a percentage on each transaction made by their clients. This commission may vary depending on the type of asset (stocks, bonds, ETFs, etc.) and the volume of the transaction.
- Spreads or bid/ask price difference: Brokers, especially those specializing in Forex or CFDs, are compensated by applying a spread, which is the difference between the buy and sell price of an asset. The broker makes a profit by selling an asset at a price slightly higher than the one at which it bought it on behalf of the client.
- Account maintenance fees: Some brokers charge management fees for account maintenance, especially if the account is not active for a certain period (inactivity fees).
- Deposit or withdrawal fees: Fees may be applied when depositing or withdrawing funds from the trading account.
- Interest on leveraged positions: When a client uses leverage to increase their investment capacity, the broker charges interest on the borrowed funds. These fees, called "financing fees", are generally applied daily for positions held open.
- Access to advanced platforms: Some brokers offer premium services or paid subscriptions to access advanced trading tools, real-time market data, or technical analysis.
- Advice and portfolio management: Fees may also be applied for personalized advisory or portfolio management services.
All our guides on the best brokers in the Philippines
Our guides
- HelloSafe compares stock brokers in the Philippines
- Best ETF Brokers in 2025
- My Review of the AvaTrade Platform (April 2025)
- My review of the Swissquote platform (April 2025)
- My Review of the XTB Broker (April 2025)
- My Trade Republic Platform Review (April 2025)
- What are the best CFD brokers in the Philippines?
- My review of the Eightcap platform (April 2025)
