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Best stock trading apps in the Philippines in 2024

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Fact checked by
Pedro Braz
Updated
May 15, 2024

Thanks to the numerous online trading apps available today, investing in the stock market has never been easier. Among all the options available, you will need to make a choice, and finding the best trading app in the Philippines can be difficult. 

Fortunately, we successfully analyzed many trading apps before conducting multiple trading app reviews so that we can clarify some of your doubts and help you make an informed decision! In this article, we listed the best stock trading apps in the Philippines, comparing their specificities and highlighting their strengths.

Best stock trading apps in the Philippines

Interactive Brokers: Best trading app overall

Online broker with a sophisticated trading platform that offers a wide range of products. The company, founded in the US, provides the app IBKR GlobalTrader, ideal for beginners.

XTB: Best for beginners

Headquartered in Poland and listed on the Warsaw Stock Exchange, XTB offers access to a range of CFD on stocks on its trading app where you can also trade Forex at a competitive price.

Saxo Bank: Best trading app for advanced traders

Full-service broker who offers stocks, ETFs, bonds, derivatives, crypto, and other products. You can access 36 different markets overseas from the Philippines using their powerful trading apps.

Pepperstone: Best app for CFDs trading

Broker founded in 2010 that offers a range of investment products, including CFDs on stocks, forex, indices, commodities, cryptocurrencies, and ETFs. Their trading app is popular due to its user-friendly interface, competitive prices, and access to the global financial markets.

Best stock trading apps in the Philippines compared

Broker
Fees on US stocks
Interest offered
Min deposit
Products
Offers real stocks?
Tiered plan: Up to $0.0035 per shareMin. $0.35; Max. 1% of trade value.
EUR: 3.195%; USD: 4.83%; GBP: 4.707% (as of June 2024)Only applicable to accounts with a Net Asset Value (NAV) above USD 100,000 (or equivalent); Accounts with NAV of less than USD 100,000 (or equivalent) receive interest at rates proportional to the size of the account. There will be no interest paid on the first USD 10,000 of cash.
€/$/£0
Stocks, ETFs, options, futures, Forex, commodities, bonds and funds.
€0Up to €100.000 in monthly volume transactions - Only applicable in some countries.
EUR: 4.20% first 90 days, then 2.00%; USD: Up to 5% first 90 days, then 2.50%; GBP: 5.20%
€/$/£1
Stocks, ETFs, Forex and CFDs on stocks, ETFs, indices, cryptocurrencies and commodities.
From 0.03% (min. $1)Depending on account type
USD: Up to 4.08%; EUR: Up to 2.66%; GBP: Up to 3.95% (as of June 2024)The interest rates are only paid above the first $/€/£10,000 in cash
$0 to $10,000, depending on the country$/€2,000 for international accounts; £500 (UK)
Stocks, ETFs, bonds, mutual funds, crypto ETPs, options, futures, Forex, Forex options, crypto FX, CFDs and commodities
Not applicable
0%
$0$200 recommended
CFDs on Forex, stocks, ETFs, commodities, indices, currency indices and cryptocurrencies

#1 Interactive Brokers at a glance

Interactive Brokers logo
Visit brokerRead review
Products availableStocks, futures, options, Forex, commodities, bonds, mutual funds, hedge funds, ETFs, CFDs
Minimum Deposit$0 ($2,000 for margin accounts)
Deposit MethodsWire bank transfer
Commissions on stocksBetween $0.0005 and $0.0035 per US share (maximum 1% of the trade) Between 0.01% and 0.08% for other markets
Visit Interactive BrokersRead review

Interactive Brokers has proven to be one of the most reliable brokers in the market. The company is available on the Philippine market and was founded over 40 years ago and has survived many financial crises, making it a well-established and trustworthy broker regulated by many top-tier regulators.

They offer trading apps to trade stocks with sophisticated and powerful tools, a wide range of products available for trading, and low prices. The broker offers different mobile apps and web-based platforms that should be used according to your knowledge and experience. The mobile app IBKR GlobalTrader is a user-friendly app suitable for beginners because it simplifies investments without losing the powerful tools for which the broker is famous.

If you want to make the most out of the powerful tools provided by the broker, you can use the IBKR Mobile, a complete and sophisticated trading app where you can do much more than buy and sell stocks. As the features of this app can be overwhelming for beginners, we would recommend the IBKR GlobalTrader if you do not have a lot of experience. 

In addition to the mobile apps, you will also find a desktop app and web-based apps where you have sophisticated trading tools to access the global financial markets. Overall, we believe that Interactive Brokers offers the best stock trading apps in the Philippines. You will be able to find what you are looking for, irrespective of your needs!

Check out our Interactive Brokers Review for a closer look at this broker!

IBKR mobile apps

#2 XTB at a glance

XTB logo
Visit brokerRead review
Products availableCFDs on commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, and Indices
Minimum Deposit$0
Deposit MethodsCredit/Debit card, Wire transfer, Skrill, Neteller
Commissions on stocksCommission-free trading for CFD on stocks using the Standard Account (markup of 0.30% included in the spread)
Visit XTBRead review

76-83% of retail CFD accounts lose money.

XTB is a company founded in 2002 in Poland that offers stock trading apps in the Philippines through the Belize-based subsidiary, which is regulated by the Financial Services Commission of Belize. The company is licensed in many different jurisdictions and is regulated by top-tier authorities such as the FCA.

The award-winning trading app XStation, available for mobiles and desktops, enables you to trade a wide range of instruments, gives you access to several technical analysis tools, allows you to copy the trades of other investors, and provides you with comprehensive educational resources. However, you can only buy CFDs on stocks in the Philippines. Therefore, you will not have direct exposure to stocks, only indirect exposure via the derivative. We must note that this is a complex and risky financial instrument in which most investors lose money when trading on the platform.

With no commission on the CFDs on stocks, no minimum deposit, and a free demo account that can be used for a month, XTB is a good and reliable option for beginners and advanced investors, which puts it in third place on our list of best stock trading apps in the Philippines. If you want to find out more about the broker, please check our XTB review!

XTB mobile app

#3 Saxo at a glance

Saxo Bank logo
Visit brokerRead review
Products availableStocks, Forex, ETFs, commodities, indices, options, bonds, and futures
Minimum Deposit$2,000
Deposit MethodsCredit/Debit card, Wire transfer
Commissions on stocksBetween 0.03% and 0.08% of the trade value for US stocks with a minimum of $1 per trade
Visit Saxo BankRead review

62% of retail CFD accounts lose money.

Saxo Bank is a Danish bank founded in 1992. It operates in the Philippines, being a reliable option for advanced traders and beginners and providing safety, fair prices, and useful tools. The Bank has two comprehensive and customizable trading apps: SaxoTraderGO and SaxoTraderPro.

As the name suggests, SaxoTraderGO is a user-friendly, customizable, and award-winning trading platform that can be used by experienced investors and beginners. The app has a mobile and a desktop version. The SaxoTraderPRO, on the other hand, is a desktop-based platform (that works on windows and MAC) developed for advanced traders, due to its level of detail and complexity. The app is extremely customizable, offers sophisticated tools to analyze and track your performance, and can be used on up to 6 different screens.

Considering that the trading apps have excellent educational resources, low prices, and an impressive range of tradable assets, Saxo deserves second place on our list of the best stock trading apps in the Philippines. The only downside we could think of is that, after registering and completing the verification, you will need to fund your account with at least $2,000 to start trading, which can be burdensome for beginners.

Saxo Bank web and mobile app

#4 Pepperstone at a glance

Pepperstone logo
Visit brokerRead review
Products availableCFDs on Forex, Index, Stocks, Currency Indices, Commodities, ETFs
Minimum Deposit$0
Deposit MethodsCredit/Debit card, Wire transfer, PayPal, Poli, Neteller, Skrill, BPay and UnionPay
Commissions on stocks0.02 USD per share for CFDs on US shares and ETFs and between 0.07% and 0.20% for other markets
Visit PepperstoneRead review

74-89% of retail CFD accounts lose money.

Pepperstone is an Australian brokerage company founded in 2010 and regulated by many top-tier authorities such as the FCA or the ASIC. The broker allows you to trade on popular trading apps such as MetaTrader 4 and 5, and the trading app Pepperstone cTrader, available for iOS, Android, and Windows, is recommended by the company for all types of investors.

The company also provides a social trading platform called DupliTrade, where you can automate your investments from the MetaTrader account, coping strategies from other traders, and enjoy a demo account to practice investments.

It is important to highlight, however, that Pepperstone is a CFD broker. This is an instrument that needs to be traded with extreme care because it often leads to losses, due to the leverage effect that can magnify any loss.

cTrader- Pepperstone web-based App

Methodology

When making this list, we wanted to help investors in the Philippines make an educated choice when choosing the best stock trading app. Each of the trading apps that we presented has its main features, and we tried to provide a diverse list that will suit the needs of different profiles of investors. In any case, we prepared this list considering the following criteria:

  • Prices: the price cannot be the only aspect to be considered when choosing the trading app to invest in, but it is definitely important. You do not want to pay more for a service when you can get the same quality for cheaper prices.
  • Educational resources: high-quality educational resources may be a great advantage, especially for beginners, who can use them to educate themselves before investing money.
  • Range of products and markets available: Does the app offer real stocks and ETFs or only CFDs? Does it have crypto? Does it give access to local stock exchanges like the Philippine Stock Exchange?
  • Customer service: irrespective of your choice, problems almost always appear, and it is important to find trading apps developed to help you when it does happen.
  • The trading app itself: of course, we took into consideration the functionalities and usability of the platform, as well as its specific features.
  • Security: all platforms in the list are regulated by top-tier authorities.

What is the difference between a stock and a stock CFD?

While the stock gives you a property right over a share of the company, the CFD does not. The stock CFD is a derivative contract where the underlying asset is the stock and where the broker promises to pay you back the difference in value between the time you opened the position and the time you close it. CFDs have a leverage effect: if you buy a stock CFD and its price goes down, you will need to borrow money from the broker to keep the position open. This makes the instrument a risky option that is not suitable for beginners.

Bottom line

To summarize, here’s the list of “Best stock trading apps in the Philippines”:

  1. Interactive Brokers
    Best Overall
  2. XTB
    Best for beginners
  3. Saxo Bank
    Best for advanced traders
  4. Pepperstone
    Best app for CFD trading

It is hard to choose the right stock trading app in the Philippines. Luckily, we have helped many people in the same situation before, and we can help you now. To facilitate your choice, we listed a few of the best stock trading apps in the Philippines, in our opinion, comparing what they can offer and highlighting their strengths. 

We know that trading stocks is a good way to achieve financial freedom, but, like everything in life, there are risks involved. We hope that our analysis was enough to help you make an educated decision acknowledging those risks, whether you are experienced or a novice in the trading world. 

In any case, keep on studying, do due diligence, know your investment profile, and invest wisely!

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About the author
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Franklin Silva
Co-Founder & Fintech Analyst

Franklin has three years of experience in Wealth Management as a Fund Research Analyst, has passed the CFA level II, and is the host of the "Edge Over Hedge" YouTube channel.

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