Looking for your online in the stock market and Make stock trading more convenient with an online trading platform. Compare the best online trading platforms in the Philippines based on their benefits, fees, and other features.
Selected Online Trading Platforms in the Philippines
| Platform | Minimum Deposit |
Commission Rate |
Withdrawal Fee |
Transfer Methods |
Mobile App |
|---|---|---|---|---|---|
| olymptrade.com | $10 | 0.8% to 15% | Free | Online Banking Mobile Wallets Skrill Neteller Webmoney Fasapay |
Available |
| xm.com | $5 | $3.5 per trade | Free | Online Banking Credit/Debit Card UnionPay Neteller PayPal Skri |
Available |
| philstocks.ph | ₱5,000 | 0.25% | Free | Online Banking POS Terminal Bancnet Coins.ph |
Available |
| colfinancial.com | ₱1,000 | 0.25% | Free | Online Banking Credit/Debit Card GCash |
Website Only |
| etoro.com | $200 | Free | $5 | Online Banking Credit/Debit Card Neteller PayPal Skril |
Available |
Online trading platforms in the Philippines, an online stock trading account with a stock brokerage company first before you can use its online trading platform for buying and selling stocks.
How much do I need to start online trading?
You don’t need to earn a big salary to be able to invest in the stock market. The Talented investors can earn less than ₱500,000 per year.
You can start at low as ₱5,000. Some stockbrokers don’t require a minimum investment amount, as long as you have enough money in your account to purchase stocks and pay the trading fees.
Even better, if you already have a BDO, BPI, or Metrobank account, there is no minimum deposit to start investing through their respective online stock trading platforms.
What online trading fees and charges should I expect?
Aside from the minimum balance, Be aware of fees and charges when trading. Every time you buy or sell your shares, you are charged the following fees:
Broker’s commission – 0.25% of the gross trade amount (number of shares x unit price) / Minimum of ₱20 per stock per day
Value-added tax (VAT) – 12% of the broker’s commission
Philippine Stock Exchange (PSE) transaction fee – 0.005% of the gross trade amount
Securities Clearing Corporation of the Philippines (SCCP) fee – 0.01% of the gross trade amount
Sales tax (selling transactions only) – 0.60% of the gross trade amount
What should I consider if my budget is limited?
When choosing a broker with your budget in mind, it’s best to get the most bang for your buck. If you have only ₱5,000 and want to start trading now, consider a broker with a low entry fee and low commission.
