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eToro Philippines Clients

Guide for Pinoy Traders

eToro accepts traders from the Philippines. Pinoys can open an account with just a minimum deposit of $50 (around 2800 pesos).

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* 78% of retail CFD accounts lose money

Here's a Must-Read If You're From the Philippines and Interested About eToro

eToro supports users from over 140 countries and that includes residents from the Philippines. If you're a Pinoy, then here are some information that you need to know before you sign-up and trade with this broker.

This page covers a lot of topics regarding investing with eToro particularly for PH traders. If you want to know more about the platform and its features, then we recommend that you check out our updated review.

Table of Contents

  1. Is eToro Legal in the Philippines?
    Can I use eToro if I am a Filipino? (22sec)
  2. Does eToro Have a Philippine Office?
    Is there a local office that I can visit? (8sec)
  3. eToro Philippines Phone Number
    Is there a local hotline? (24sec)
  4. Supported Deposit Methods
    How can I make a deposit? (19sec)
  5. Minimum Deposit for PH Residents
    What's the lowest initial amount? (17sec)
  1. Fees for Philippine Clients
    What are the applicable charges? (16sec)
    1. 6.1 Withdrawal Fees for PH Traders
      What to pay when taking out money? (17sec)
  2. Does eToro Have Philippine Stocks?
    Are PSE stocks included? (20sec)
  3. eToro Philippines Stats
    Updated PH client statistics (14sec)

 

🏴󠁧󠁢󠁥󠁮󠁧󠁿 Accepts Filipino Traders Yes
💰 Minimum Deposit $50 (PHP 2800+)
🛍️ Market Types Stocks, Commodities, Currencies, Indices, Crypto, ETFs
eToro Philippines Details


Start trading with eToro!

Are you from the Philippines? If you're interested to open an account with eToro, then click on the button below to sign-up. You'll be taken to the quick registration form for PH residents so you can register and start trading.


TAKE ME TO ETORO NOW!

78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Is eToro Legal in the Philippines?

This particular question is quite common for Filipino traders regarding eToro. The good news answer to that is yes, eToro is legally allowed to accept residents from the Philippines.

eToro account with Philippine flag profile picture
eToro account with Philippine flag profile picture

It doesn't matter if you are in Luzon, Visayas or Mindanao. As long as you are Filipino, of legal age and currently residing in the Philippines, then you will be able to open an account.

Does eToro Have a Philippine Office?

No. eToro currently doesn't have any physical office in the Philippines but this doesn't mean that they do not support Filipino clients.


Thinking already of opening an account?

If you're from the Philippines and are already interested to open an eToro account, you can easily do so by clicking the button below. This will take you to the quick online registration page.


YES, OPEN AN ACCOUNT!

78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro Philippines Phone Number

eToro doesn't have a local phone number for their clients in the Philippines. You can contact their customer service department via the following:

  • Support ticket: To open a case, you will need to be logged-in using your account and the email address that you used to register.
    Opening a new ticket with eToro
    Opening a new ticket with eToro
  • Live chat: This feature is available 24/5 (weekdays only).
    eToro live chat
    eToro live chat

Accessing any of these 2 methods can be done via the Customer Service Center page or this URL: etoro.com/customer-service

Supported Deposit Methods

Traders from the Philippines can fund their eToro account via the following deposit methods:

  • Credit/debit cards
  • PayPal
  • Skrill
  • Bank transfer
  • Neteller

Local payment methods like Gcash and Paymaya (Maya) are currently not supported.

Deposit methods for eToro Philippines clients
Deposit methods for eToro Philippines clients

Take note that your account will primarily be using USD so if your deposit method uses PHP, then it will automatically convert it to the USD currency with a small conversion fee.

Minimum Deposit for PH Residents

The minimum deposit required for a user who is a resident of the Philippines is $50 (around 2800 pesos). This is also the same minimum amount if you're going to make succeeding deposits.

eToro minimum deposit for Philippine clients
eToro minimum deposit for Philippine clients

Keep in mind that if you're going to make a deposit via bank transfer, the minimum is $500.

eToro bank-to-bank wire transfer
eToro bank-to-bank wire transfer

Fees for Philippine Clients

The applicable eToro fees for Filipino traders is the same with other nationalities. For example, if you keep a CFD position open during the duration of the weekend, eToro will charge you with an overnight fee with a rate that is the same for any trader regardless from your country of residence.

Withdrawal Fees for PH Traders

The minimum amount that you can take out from your account is $30. Every withdrawal is subject to a $5 charge. This is a fixed free regardless of the amount that you wish to cash out so even if you decide to withdraw $30, $100 or $500, the flat fee is still $5 per transaction.

Does eToro Have Philippine Stocks?

eToro currently doesn't have stocks that are listed on the Philippine stock exchange (PSE). They currently offer stocks from the following global exchanges:

  • NYSE
  • NASDAQ
  • London
  • Hong Kong
  • Frankfurt
  • Paris
  • Zurich
  • Madrid
  • Milan
  • Stockholm
  • Amsterdam
  • Oslo
  • Copenhagen
  • Helsinki
  • Brussels
  • Lisbon
  • OTC Markets
  • Saudi Arabia
  • Chicago

Take note that you will only be able to trade real stocks if you won't be using leverage. Any stock positions opened with leverage are traded as CFD or contract for difference.

List of exchanges on eToro stocksm
List of exchanges on eToro stocks

eToro Philippines Stats

This latest data is taken from eToro's Q4 2021 Investor Update (March 2022)[1]. Based on this released report, there were 2.41 million funded accounts, 14% of which were from the Asia Pacific, where the Philippines is included, as of December 31, 2021.

eToro funded accounts regional demographics
eToro funded accounts regional demographics


Ready to open an eToro Account?

Now that you have more information about eToro for Pinoy traders, you're most likely interested to trade with this broker. If you are, then you can quickly sign-up for an account via this button below:


TAKE ME TO THE REGISTRATION PAGE


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

References


  1. ^ Fintech Acquisition Corp V Merger Prospectus/Communication 425 SEC.report


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