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.
| 🏴 Accepts Filipino Traders | Yes |
| 💰 Minimum Deposit | $50 (PHP 2800+) |
| 🛍️ Market Types | Stocks, Commodities, Currencies, Indices, Crypto, ETFs |
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.
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.
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.
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.
No. eToro currently doesn't have any physical office in the Philippines but this doesn't mean that they do not support Filipino clients.
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.
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 doesn't have a local phone number for their clients in the Philippines. You can contact their customer service department via the following:
Accessing any of these 2 methods can be done via the Customer Service Center page or this URL: etoro.com/customer-service
Traders from the Philippines can fund their eToro account via the following deposit methods:
Local payment methods like Gcash and Paymaya (Maya) are currently not supported.
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.
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.
Keep in mind that if you're going to make a deposit via bank transfer, the minimum is $500.
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.
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.
eToro currently doesn't have stocks that are listed on the Philippine stock exchange (PSE). They currently offer stocks from the following global exchanges:
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.
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.
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:
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.
