Skip to main content

Best Stock Brokers in the Philippines for 2024 (Ranked And Reviewed)

Updated on May 16, 2024
Fact checked

Selecting your next online stock broker remains a difficult challenge. Many factors come into consideration with active trading or longer-term investing: asset type, ease of use, security, research availability, investor education, automated alerts, fees, and much more. Selecting the best stock broker for a Philippines resident particularly requires a close look at the available choices for American and European products–in essence, international reach.

This article presents our take on the top three best stock brokers in the Philippines. Let’s get to it.  

Best stock brokers in the Philippines for 2024

Interactive Brokers | Best all-around app

Interactive Brokers (IBKR) is a global online stock broker blending beginner and advanced trading tools across the web and mobile platforms. Founded in 1978, it offers an incredible array of products ranging from stocks to futures to currencies, access to over 150 different markets, and provides multiple trading apps.

Saxo Bank | Best for research

Saxo Bank is a Denmark-headquartered online stock broker also touting a significant international reach and a highly sophisticated trading platform. Founded in 1992, it offers a similarly large scope of available products, award-winning trading platforms, and superb research, yet with relatively higher fees.

#1 Interactive Brokers

Interactive Brokers logo
Visit brokerRead review

Interactive Brokers at a glance

Accepts Philippine Peso
Products AvailableStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds
Minimum Deposit$0
Monthly Fee$0
Commission$0.005 per US share (min. $0.35 per order)
Visit Interactive BrokersRead review

For our pick of the best stock broker in the Philippines, look no further than Interactive Brokers. Its track record spans over 40 years and through several financial crises, providing a sense of trust and security, particularly for those whose trading comprises a significant portion of their earnings.

Here’s what’s great about IBKR: an extraordinary range of products, low trading fees, low margin rates, superb research tools, trading apps for advanced or beginning investors, and several base account currency options. However, Philippine Peso (PHP) deposits are not accepted, but USD is available.

IBKR also features two mobile apps: IBKR Mobile for advanced users and IBKR GlobalTrader for everyday trading. GlobalTrader is well-designed, available in several languages, and is a joy to use.

IBKR remains regulated by many authorities across the globe, including household names such as the US Securities and Exchange Commission (SEC), the UK’s Financial Conduct Authority, and the Central Bank of Ireland. In other words, not only is it one of the best stock brokers in the Philippines, it’s also one of the safest options.

If you have the time, we recommend you check out our comprehensive Interactive Brokers review.

IBKR is ideal for wide-ranging market access and many trading options coming with leading web and mobile platforms. This comprehensive offering earns its spots on our list of the best stock brokers in the Philippines.


  • Leading number of products
  • Great web and mobile platforms
  • Low fees


  • Learning curve with the web platform
  • Less responsive customer service

#2 Saxo Bank

Saxo Bank logo
Visit brokerRead review

Saxo Bank at a glance

Accepts Philippine Peso
Products AvailableStocks, ETFs, CFDs, Options, Futures, Forex, Bonds and Funds
Minimum Deposit$0
Monthly FeeVariable, starts at the greater of $5 or 0.05%
CommissionVariable, stocks start at $3 per trade
Visit Saxo BankRead review

62% of retail CFD accounts lose money.

For our runner-up, we easily chose Saxo Bank. Touting a track record of 30 years and, similarly, through the crises of the last decades, Saxo offers a premium feel and design to be expected from the best stock brokers in the Philippines.

Here’s what’s great about Saxo: a solid product range (commodities excluded), an incredible trading platform, leading research reports, low forex and fund fees, and a perfect mobile app. Unfortunately, Philippine Peso (PHP) deposits are not accepted, but USD is available.

Here’s what you need to consider: the minimum deposit is $2,000, options commissions start at $0.75 per trade, and stock trading fees are also medium-high. Saxo is not a discount broker. Instead, it focuses on providing a tech-heavy trading platform alongside in-depth research.

Saxo features three trading platforms: SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO. Each app builds upon the former in terms of available tools and sophistication–with SaxoTraderGO being an award-winning choice.

The company remains regulated by many authorities, including the UK’s FCA and Switzerland’s FINMA.

Saxo is ideal for in-depth research and many trading options coming alongside superb mobile apps. Overall, we can confidently call this option the second-best stock broker in the Philippines.


  • Solid product range
  • Excellent mobile platforms
  • Leading in-depth research


  • High trading fees

How to choose a “best” stock broker in the Philippines

Choosing the “best” stock broker in the Philippines requires careful analysis and due diligence. This is why we have created a website just for this purpose, with over 50,000 visitors monthly.

Our process involved reviewing these essential requirements from the perspective of a Philippines resident:

  1. Range of products available, including international reach;
  2. Ease-of-use, evaluating both the web platform and mobile apps;
  3. Trading and account fees, including those fees hidden by trading spreads;
  4. Track record and history of the online stock broker;
  5. Quality and quantity of the research available;
  6. Quality of relevant regulators.

Bottom line

To sum it up, these are our top picks:

  1. Interactive Brokers
    Best overall
  2. Saxo Bank
    Best for research

Selecting the right broker is a challenging task, but it’s done successfully every day. Each trading platform stands unique to the other, as are your trading objectives and needs. We make it our business to sift through the platforms available to residents of the Philippines so your search can be easy, and, most of all, fun.

Whether you’re an up-and-coming trader or an experienced investor, we hope this article answered your questions and eased your concerns with online stock trading. One final tip: consider opening a demo account–which is often available–and test the features of your prospective stock broker first.


Who are the best stock brokers in the Philippines?

Choosing an online stock broker remains a personal decision of aligning your objectives with the particular strengths of the relevant trading platform. However, there are some attributes to look out for, which we’ve covered above. Please review the section: “How to Choose a “Best” Stock Broker in the Philippines.”

Do stock brokers in the Philippines accept the Philippine Peso (PHP)?

Yes, there are brokers who do accept PHP. However, we place a key emphasis on international reach, which offers much lower fees. International brokers tend to prefer USD or EUR.

Where should a beginner invest?

A beginner should place greater emphasis on educational material, research, simplicity, and low account fees.

Is trading hard to learn?

No, with the right learning material and the right stock broker, trading can be exceptionally easy to learn. It simply takes a bit of time and practice. Demo accounts are exceptional for this purpose.

Which broker should I use if I’m experienced?

Both Interactive Brokers and Saxo Bank offer “advanced” trading platforms offering a range of trading tools and options. A veteran user should opt for a broker which provides the necessary tools, although they may not come from a discount broker.

Share this article
On this page
Share this article
About the author
Conor Scott, CFA

Conor is a CFA charterholder who has been active in the wealth management industry since 2012, continuously researching the latest developments affecting portfolio management and cryptocurrency.

Don't miss these