Many traders in the Philippines use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Paper Trading App in the Philippines for 2024, based on our assessments.
eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.
Revolut provides its clients access to shares of international and American companies, cryptocurrencies, and metals. For investors, Revolut offers a social trading program. Revolut's copy trading platform is trendy among investors because it has a forum for traders to communicate with each other in real-time. Also, various charts and indicators are available in the Revolut trading platform for technical analysis. Revolut is a company actively developing and plans to make all of its services available to foreign citizens. Fractional share trading offered by the broker allows beginners to learn trading without high financial risks.
Charles Schwab is a real catch for active trading in the American and international securities markets for both beginners and experienced traders.
Infinity Futures is focused on cooperation with investors and traders, whose main tool is futures. Experience in trading in the futures markets is optional, the broker offers clients both professional and non-professional accounts.
Easy Equities is a broker for active and passive investors. The company provides optimal conditions for users regardless of their investment experience, and offers access to trading fractional shares and accounts for children under age.
1
Best Paper Apps in the Philippines - eToro
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 in 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 in 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
Best Paper Apps in the Philippines - Revolut
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
👍 Advantages of trading with Revolut for traders in the Philippines:
•In addition to stock trades, customers can trade cryptocurrencies and precious metals.
•The broker offers commission-free trading plans.
•The minimum number of shares to buy is 0.00000001.
•There are no minimum deposit requirements.
•Social trading is available, which allows newcomers to the stock market to copy trades of successful traders.
•Communication with the support service via chat is available in the mobile application 24 hours a day.
•There is no fee for opening and maintaining a trading account.
👎 Disadvantages of Revolut for traders in the Philippines:
•Stock trading is currently only available to UK residents.
•Operations in precious metals and cryptocurrencies are not regulated by supervisory authorities.
•The company does not offer fiduciary management of its investment portfolio.
3
Best Paper Apps in the Philippines - Charles Schwab
Charles Schwab is one of the largest companies in the US financial services market. It was founded in 1971 and the main office is located in San Francisco. This broker specializes in banking and brokerage services. A special electronic trading platform has been created for traders and investors. There are no fees for opening and maintaining an account, and there are no minimum deposit requirements. A vast array of built-in tools are available for work: stocks, options, ETFs, bonds, mutual funds, futures, insurance contracts (annuities), and various monetary funds.
👍 Advantages of trading with Charles Schwab for traders in the Philippines:
•No minimum deposit is required.
•Working with trading instruments is possible in several ways: via the StreetSmart desktop terminal, a PC browser, and a mobile application.
•Customer support is available 24/7 via online chat.
👎 Disadvantages of Charles Schwab for traders in the Philippines:
•There is no demo account.
•No access to the foreign exchange market.
•Withdrawals are in US dollars only and money is not converted into any other national currency.
4
Best Paper Apps in the Philippines - Infinity Futures
Infinity Futures is an American broker that specializes in futures and micro-futures trading. The broker is regulated by the US Commodity Futures Trading Commission (CFTC, 0339976), and there is no cooperation with compensation funds. The company's clients have access to commodity, foreign exchange, energy futures, as well as interest rate futures and stock indices.
👍 Advantages of trading with Infinity Futures for traders in the Philippines:
•Free demo account.
•A wide range of trading accounts for individual and joint trading.
•The broker's trading conditions give advantages to traders who choose a scalping strategy.
•The company holds weekly online lectures on the topic of trading.
•Regardless of the level of professionalism, the user can get access to professional sources of market data.
👎 Disadvantages of Infinity Futures for traders in the Philippines:
•There are no bonuses and no affiliate program.
•In the case of bankruptcy of the broker, financial compensation for traders is not provided.
•The company does not provide an opportunity to replenish the account and withdraw funds through electronic payment systems.
5
Best Paper Apps in the Philippines - Easy Equities
Easy Equities (EasyEquities) is a US stock broker providing financial services in the international market. The company opens access to South African, American and Australian markets and provides an opportunity to trade fractional shares. Investors can choose an individual or corporate account and there are also accounts for children. EasyEquities is a part of two licensed financial services companies — First World Trader and Purple Group.
👍 Advantages of trading with Easy Equities for traders in the Philippines:
•Demo accounts with two base currencies to choose from: USA and ZAR.
•Low trading commissions and zero non-trading fees.
•An account for children under age.
•No required minimum deposit amount.
•A possibility to invest independently or use investment offers of the broker.
•Residents of the majority of countries can open an account with the broker.
•Fractional shares are among trading instruments available to traders.
👎 Disadvantages of Easy Equities for traders in the Philippines:
•Deposit and withdrawal take several days.
•The broker offers very few methods of contacting customer support.
•There is no information about the authorities regulating the operation of Easy Equities.
Best Paper Trading App in the Philippines 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
eToro - Education for Investors
Investment Education Online
eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.
Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.
Revolut - Education for Investors
Investment Education Online
Revolut doesn't offer training programs on the basics of stock trading. But the company's site has a blog section, which contains articles and videos with investment tips from Revolut experts and a description of the nuances of stock trading.
The information presented in the Blog section can be useful not only for beginners but also for professional investors.
Charles Schwab - Education for Investors
Investment Education Online
For training beginners, a special section has been created on schwab.com. It’s the Knowledge Center. Here are the tips of the company's analysts on various aspects of trading and investing, broken down into separate blocks.
There is no opportunity to consolidate the acquired knowledge and practice because this broker does not have a demo account.
Infinity Futures - Education for Investors
Investment Education Online
The broker is ready to cooperate with both traders without experience and with professionals. So, to increase the level of knowledge, Infinity Futures offers training materials that are available to all clients, regardless of the type of account.
The broker has a demo account to test trading conditions, platform operations, and new trading strategies. The demo account is available for use for 30 days.
Easy Equities - Education for Investors
Investment Education Online
Easy Equities is a broker that provides investment opportunities to its clients regardless of whether they have experience or not. There is a section on the company’s website featuring educational materials that can help the beginners understand the basics of investing and provide additional information to the more experienced traders.
Users can test new trading strategies and their trading skills on free demo accounts. There are two virtual demo accounts: a USD account with a balance of $10,000, and ZAR account with ZAR 100,000.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in the Philippines choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Paper Trading App in the Philippines 2024.
| eToro | Revolut | Charles Schwab | Infinity Futures | Easy Equities | |
|---|---|---|---|---|---|
|
Overall score |
9.4 |
9.5 |
8.6 |
7.25 |
5.65 |
|
Execution of orders |
9.1 |
9.2 |
8.3 |
7.04 |
5.44 |
|
Investment instruments |
9.7 |
9.8 |
8.9 |
7.46 |
5.86 |
|
Withdrawal speed |
9.5 |
9.6 |
8.7 |
7.1 |
5.5 |
|
Customer Support work |
9.3 |
9.4 |
8.5 |
7.4 |
5.8 |
|
Variety of instruments |
9 |
9.1 |
8.2 |
6.88 |
5.28 |
|
Trading platform |
9.8 |
9.9 |
9 |
7.62 |
6.02 |
|
|
|||||
|
|
|
- Best Paper Trading App In Japan for 2024
- Best Bitcoin Trading App In the UK for 2024
- Best Copy Trading App In Canada for 2024
- Best Options Trading App In Pakistan for 2024
- Best Stock Trading App In Sri Lanka for 2024
- Best Mobile Trading App In Europe for 2024
- Best Online Trading App In Tanzania for 2024
- Best Swing Trading App In Sri Lanka for 2024
- Best CFD Trading App In Thailand for 2024
- Best Mobile Trading App In Africa for 2024
- Best Online Trading App In Bangladesh for 2024
- Best Forex Trading App In Bulgaria for 2024
- Best Paper Trading App In Asia for 2024
- Best Apps for Stock Trading in Nigeria
- Best Options Trading App In Singapore for 2024
- Best Bitcoin Trading App In Jamaica for 2024
- Best Copy Trading App In Vietnam for 2024
- Best Paper Trading App In South Africa for 2024
- Best Futures Trading App In Switzerland for 2024
- Best Options Trading App In Finland for 2024
- Best Online Trading App In the UAE for 2024
- Best Binary Trading App In Jamaica for 2024
- Best Paper Trading App In Africa for 2024
- Best Mobile Trading App In Bulgaria for 2024
- Best Bitcoin Trading App In Israel for 2024
- Best CFD Trading App In the Netherlands for 2024
- Best Futures Trading App In Indonesia for 2024
- Best Copy Trading App In Hong Kong for 2024
- Best Stock Trading App In Egypt for 2024
- Best Forex Trading App In Czech Republic for 2024
FAQ
Do all brokers offer mobile apps for iOS and Android?
Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
Are there updates for the apps of brokers?
Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.
Can a platform function less effectively in the app than in the web version?
The platforms of reliable brokers with good apps work as smoothly as the web version. Therefore, there are almost no instances when the app runs poorly and the web version runs well. That may happen only in case of technical failures, which also happen rarely if the app is good.
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.