In order to trade successfully, it is very important to choose the right broker. in the Philippines, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best mutual fund brokers for day trading in the Philippines 2025. You can compare their features and trading conditions.
1
eToro - Best for day trading in the Philippines
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders from the Philippines:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders from the Philippines:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
CapTrader - Best for day trading in the Philippines
CapTrader is a Forex broker, which was founded in Germany in 1997. The company is headquartered in Dusseldorf. CapTrader is an Introducing broker to Interactive Brokers. The platform uses Interactive Brokers software, which is why the brokers have identical user accounts, trading platforms and products. CapTrader provides access to 7 categories of assets and trading instruments: Forex, commodities, stocks, ETFs, futures, options and CFDs. The company is regulated by the Federal Financial Supervisory Authority (BaFin, 10156708). In addition it is an introducing broker and the European licenses from the regulators of Ireland and the UK (208159) held by Interactive Brokers apply to it as well.
👍 Advantages of trading with CapTrader for traders from the Philippines:
•Partnership with a well-known broker – International Brokers.
•Access to 145 global stock markets.
•70,000+ trading instruments.
•3 types of trading platforms.
•Access to analytical service Trading Workstation.
👎 Disadvantages of CapTrader for traders from the Philippines:
•High minimum deposit – $2,000 or an equivalent.
•Limited education options.
•Technical support is available 24/5.
3
Wells Fargo - Best for day trading in the Philippines
Founded in 1852, the Wells Fargo broker is a subsidiary of Wells Fargo & Company, which is currently one of the "big four" US banks and serves more than 70 million customers. The company offers a diversified portfolio of banking, investment, and mortgage products, as well as insurance and financial planning services. Wells Fargo is regulated by FINRA (CRD#: 11025/SEC#: 801-57434,8-28721) and the NFA (0320678). Its clients have access to SIPC coverage, securities trading, and investment in managed portfolios.
👍 Advantages of trading with Wells Fargo for traders from the Philippines:
•Banking products, bank cards, trading, investment, and savings accounts are managed through a single application.
•A vast array of assets: stocks, options, ETFs, fixed income instruments, and mutual funds.
•Deposits start at $1.
•Control of activities by FINRA and NFA.
•Availability of segregated accounts and SIPC insurance coverage.
•No fees are charged for the online trading of stocks and ETFs.
•Humongous opportunities for Wells Fargo's clients, such as active trading and passive investing are allowed.
👎 Disadvantages of Wells Fargo for traders from the Philippines:
•In comparison with market competitors, Wells Fargo has pretty hefty fees for trading options.
•The absence of online chat on the official website.
•Investment accounts are not protected by the Federal Deposit Insurance Corporation (FDIC).
4
SpeedTrader - Best for day trading in the Philippines
SpeedTrader is a stock market broker that started operations in 1999 under the brand name Mint Global Markets, Inc. The broker is currently regulated by the Financial Industry Regulatory Authority (FINRA, CRD#: 107403/SEC#: 8-53035 ) and is a member of the Securities Investor Protection Corporation (SIPC). SpeedTrader provides online trading platforms with a collection of analytical instruments as well as trading software with direct access to renowned exchanges. The company is headquartered in New York, USA.
👍 Advantages of trading with SpeedTrader for traders from the Philippines:
•SIPC insurance coverage and FINRA membership.
•Availability of an affiliate program.
•Proprietary trading platforms.
•Daily update of the list of available assets.
•Online chat for urgent issues.
•Trade routing.
•Optimized web platform.
👎 Disadvantages of SpeedTrader for traders from the Philippines:
•The high minimum deposit for day trading (from $30,000) and a fee for using the trading platform.
•Inability to trade cryptocurrency and Forex instruments.
•Time-limited free demo account.
5
J.P. Morgan - Best for day trading in the Philippines
The J.P. Morgan Self-Directed Investing service is in the brokerage division of JPMorgan Chase & Co Financial Corporation, and it offers investment services through JP Morgan Securities LLC (JPMS). The broker is part of one of the largest and oldest financial services corporations in the United States, with a reputation for transparency, accountability, and reliability. The broker provides services of long-term and retirement investment in securities within the USA market, services of active trading, and portfolio algorithmic investing. Trading assets are stocks of companies, ETF-fund shares, options, securities of retirement and investment funds, treasury notes, bills, US, corporate, and municipal bonds, derivatives, secondary market assets, etc.
👍 Advantages of trading with J.P. Morgan for traders from the Philippines:
•Flexible and clear tariff policy. For private investing the deposit is from $1, for automatic portfolio investing the deposit amount is from $500.
•Strict regulation. The SEC regulates J.P. Morgan Self-Directed Investing, and it is a member of FINRA CRD#: 79/SEC#: 801-3702,8-35008 and SIPC (the investor compensation fund). The broker is also subject to an annual external audit and is controlled by an exchange auditor.
•Offers trading accounts and retirement accounts.
•Automated Investing is an investment option that ensures that an investment portfolio follows the criteria set by the investor. The brokers’ analysts manage the portfolio.
•Additional products. Every broker's client can take advantage of other investment and financial offers from concessional lending to the development of a personal financial plan and trust management services.
👎 Disadvantages of J.P. Morgan for traders from the Philippines:
•The services are only available to U.S. residents. Possible schemes to work through intermediary funds/companies lead to a significant increase in the trade cost.
•Emphasis on financial products. Technological trading tools go into the background.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
eToro Commissions and Fees
Registration on the eToro platform is free. The broker does not charge a fee for opening and closing long positions on stocks quoted at the US stock exchanges. The stocks of other markets are available as derivatives, with eToro charging a trading fee on them in the form of the spread. Also, the fees are applied to short positions and leveraged orders. The company accepts and allows withdrawals of only US dollars. If a client deposits or withdraws another currency, it is converted into USD at a fee of 0-50 pips. Members of eToro club get a 50-100% fee reduction on conversion. If a client shows no activity for a period of 12 month, the broker charges the inactivity fee of $10. There is no deposit fee. eToro charges $5 on each withdrawal.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$5 |
Yes |
|
Pro |
from $1.1 |
$5 eToro’s fee + the fees of payment systems |
CapTrader Commissions and Fees
Traders Union experts have analyzed trading and non-trading commissions of CapTrader. The broker offers one account type, which is why the clients pay the same commissions. The spread of 0.3 pips is applied to the currency pairs. However, there is a minimum commission – USD 3.75 or an equivalent amount in another currency per trade. There is also an inactivity fee – USD 1 per each month of inactivity. There are withdrawal fees as well. For the first withdrawal, the broker charges EUR 8 fee and for each next one – EUR 1.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From $3.75 |
Yes |
Wells Fargo Commissions and Fees
After a thorough analysis of Wells Fargo's trading conditions, the experts at Traders Union identified both trading and non-trading fees. Below is the amount of fees for online trading and automated telephone trading. The fee for trades in stocks (excluding penny stocks) and exchange-traded funds (ETFs) is $0 per trade; penny stocks (stocks under $1) is $34.95 or 3.5% of the amount, with options of $5.95 + $0.75 per contract; with fixed income instruments it is $50 per transaction. The fee for mutual funds that are not listed without transaction fees is $35. For trades made through a live broker, the client pays $25 + an online fee is charged. Non-trading fees: for withdrawal of funds by internal bank transfer is $30; and for transfers outside the US, it is $40.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard Account |
From $6.7 |
Yes |
SpeedTrader Commissions and Fees
The experts at Traders Union have analyzed SpeedTrader’s trading conditions to identify explicit and implicit fees. For an ApexPro account, the stock trade fee is $4.49, but can be reduced to $2.49 as the number of trades is increased. The fee is calculated automatically. On the Axos account, fees range from $0.002 to $0.0044 per share and $0.25 to $0.4 per option contract. The size of the fee hinges on the volume of trade. ASN transactions are conducted free of charge. Wire transfer costs $25 for US citizens and $60 for foreigners. Bank fees may apply to wire transfers. If the transfer request is made outside of business hours, an additional $40 fee will be charged. Providing a trading platform costs $25 per month.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Axos |
From $0.002 |
Charged when withdrawing by bank transfer |
|
ApexPro |
From $0.002 |
Charged when withdrawing by bank transfer |
J.P. Morgan Commissions and Fees
Analysts at the Traders Union examined J.P. Morgan's Self-Directed Investing pricing policy and highlighted the main fees for both investment options. The main fee is a management commission of 0.35% of the investment portfolio amount per year. For Self-Directed Investing, depending on the type of asset, (for the primary market) the commissions range from $20-$25 per transaction + $0.65 per contract for trading in pending orders. Commissions for market orders start from $0.65 per contract without a minimum charge. For transactions with secondary market assets such as municipal and corporate bonds, the minimum commission is $10 + $1 for each bond.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Self-Directed Investing |
from $0.65 |
No |
|
Automated Investing |
from $0.15/month |
No |
Summary
Many brokers are available for traders from the Philippines, but not all of them offer good conditions. In this review, TU experts chose the Best mutual fund brokers for day trading in the Philippines 2025. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Mutual Fund Brokers For Day Trading in the Philippines
| eToro | CapTrader | Wells Fargo | SpeedTrader | J.P. Morgan | |
|---|---|---|---|---|---|
|
Overall score |
7.75 |
7.51 |
5.95 |
5.71 |
4.36 |
|
Execution of orders |
9.1 |
8.9 |
7.09 |
6.84 |
4.84 |
|
Investment instruments |
9.7 |
9.5 |
7.51 |
7.26 |
5.26 |
|
Withdrawal speed |
9.5 |
9.3 |
7.15 |
6.9 |
4.9 |
|
Customer Support work |
9.3 |
9.1 |
7.45 |
7.2 |
5.2 |
|
Variety of instruments |
9 |
8.8 |
6.93 |
6.68 |
4.68 |
|
Trading platform |
9.8 |
9.6 |
7.67 |
7.42 |
5.42 |
|
|
|||||
|
|
|
|
FAQ
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
Can you earn passive income in the financial markets?
Yes, the best brokers in the Philippines offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.