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Top Forex Copy Trading Platforms in the Philippines

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

Top Forex Copy Trading Platforms:

  • Pepperstone - Best for scalping strategies (spread from 0 pips)
  • OANDA - Best for trading with advanced technical analysis tools (TradingView charts support)
  • FOREX.com - Diverse range of tradable assets (80+ currency pairs)
  • IG Markets - Favorable Forex trading conditions (0 fees, avg. EUR/USD spread - 0.8)
  • Thinkorswim - Best for trading based on technical analysis (most advanced charting platform)
  • Pocket Option - Best for Social Trading (top rated service by customers)

Π‘opy trading platforms in the Philippines allow traders to replicate the strategies of seasoned professionals with ease, even without extensive market knowledge. Whether you are a beginner looking to profit from experienced traders or an investor seeking passive income, these platforms offer a straightforward solution. In this article, we’ll review the top Forex copy trading platforms available in the Philippines, analyzing their features, fees, and overall reliability to help you make the best choice for your trading goals.

  • Opportunity to Work With Philippine Citizens

    The best copy trades are those that come from people within your region. Our review looks at whether the platform in question provides an opportunity to copy trade with Philippine citizens. And whether you can interact with other citizens to maximize profits and hone your trading skills.

  • Reliability

    We check out how long the platform has been in business and what its reputation is. Are they a reliable copy trading platform with a good track record? Is it a platform you can track? And what measures has the platform taken to ensure unmatched reliability?

  • Copy Trading Features

    The features available on a copy trading platform will determine how successful you are as a copy trader. We take a look at what features are available and whether they're robust enough to give you an edge in the market.

Copy Trading Platforms in the Philippines - Comparison

Today, we'll be taking a deep dive into the best copy trading platforms available in the Philippines. Our choice is based on criteria like:

Opportunity to Work With Philippine Citizens

The best copy trades are those that come from people within your region. Our review looks at whether the platform in question provides an opportunity to copy trade with Philippine citizens.

Reliability

We check out how long the platform has been in business and what its reputation is. Are they a reliable copy trading platform with a good track record?Β 

Copy Trading Features

The features available on a copy trading platform will determine how successful you are as a copy trader. For example, robust risk-management tools are mandatory.

General Trading Conditions and Regulation
Min. deposit, $ Copy trading EUR/USD spread (pips) Regulation Accepts local clients Open an account

Pepperstone

No Yes 0,1 ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec Yes Open an account
Your capital is at risk.

OANDA

No Yes 0,15 FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA Yes Open an account
Your capital is at risk.

FOREX.com

100 Yes 0,2 CIMA, FCA, FSA (Japan), NFA, IIROC, ASIC, CFTC Yes Study review

IG Markets

1 Yes 0,8 FCA, BaFin, ASIC, MAS, CySec, FINMA, BMA, CFTC, NFA Yes Study review

Thinkorswim

2000 Yes 0,12 FINRA, SIPC, CFTC, NFA Yes Study review

Pocket Option

5 Yes 0,3 MISA Yes Open an account
Your capital is at risk.
Supported copy trading markets and features
Currency pairs Stocks Crypto Risk management tools Free to use Open account

Pepperstone

90 Yes Yes Yes Yes Open an account
Your capital is at risk.

OANDA

68 Yes Yes Yes Yes Open an account
Your capital is at risk.

FOREX.com

80 Yes Yes Yes Yes Study review

IG Markets

80 Yes Yes Yes Yes Study review

Thinkorswim

82 Yes Yes Yes Yes Study review

Pocket Option

40 Yes Yes Yes Yes Open an account
Your capital is at risk.

What is Copy Trading

Copy trading is a trading method in which you copy the positions managed and opened by other traders. It shouldn't be confused with mirror trading since that involves mirroring every action of the copied trader.

Meanwhile, in copy trading, traders can copy certain strategies of the investor they want to emulate. Modern copy trading platforms allow traders to earn money through this method by using the following features:

Showing the trade analytics of investors to be copied

Giving options to distribute equity among multiple traders with different trading instruments and strategies

Offering an option to stop trade copying when certain risk tolerance is reached

Setting maximum risk level for particular investments

How to Start Copy Trading in the Philippines

Starting copy trading is simple, especially with the right platform. Here’s a step-by-step guide to get you started:

  1. Choose a Platform: Select a platform from our list of the best copy trading platforms available in the Philippines. Ensure it offers the tools and traders you’re interested in.Tip: Check reviews and platform reputation to ensure reliability before committing.

  2. Create an Account: Register and verify your account following the platform’s requirements.Tip: Use strong passwords and enable two-factor authentication to protect your account.

  3. Deposit Funds: Add funds to your account to start copying trades. Ensure you meet the minimum deposit requirements.Tip: Start with an amount you’re comfortable with losing, especially as you get used to the platform.

  4. Select a Trader to Copy: Research top traders, analyzing their performance, risk levels, and strategy to find one that matches your goals.Tip: Diversify by copying more than one trader to spread risk across different strategies.

  5. Monitor and Adjust: While copy trading is largely automated, it’s important to periodically review your portfolio and make adjustments if necessary.Tip: Set alerts or schedule regular reviews to stay on top of changes in market conditions or trader performance.

Risk Management in Copy Trading

Managing risk is crucial to successful copy trading. Here are key strategies to help minimize potential losses:

  1. Set a Risk Limit: Many platforms allow you to set a maximum amount you’re willing to lose. Use this feature to cap your losses.Tip: Adjust this limit periodically based on your comfort level and market conditions.

  2. Diversify Your Portfolio: Don’t put all your funds into one trader or market. Spread your investment across different traders and asset classes to lower risk.Tip: Look for traders who focus on different markets, like Forex, stocks, and crypto, to balance your exposure.

  3. Avoid High Leverage: While leverage can amplify profits, it can also increase losses. Copy traders who use lower leverage to reduce potential losses.Tip: Start by copying traders who operate with low or no leverage until you become more familiar with how it works.

  4. Regularly Review Trader Performance: Past performance doesn’t guarantee future success, so keep an eye on your copied traders and be ready to switch if their strategy no longer aligns with your risk tolerance.Tip: Set performance benchmarks (e.g., drawdown percentage) to decide when to stop copying a trader.

  5. Use Stop-Loss Features: Many platforms offer automatic stop-loss settings to help you exit trades if they reach a certain loss level.Tip: Set stop-loss levels based on your overall risk management strategy rather than individual trades.

How to Choose a Copy Trading Broker

Here are five steps you must take to choose the best trading broker:

Regulation and Reliability

You should avoid trading on platforms with a questionable or poor reputation. Instead, select a broker that has financial licenses from top regulators. It's best to select a copy trading broker that has regulations in Australia, European Union, the UK, and developed countries.

Network Scale

The scale of the trading network determines the extent of your profitability. The larger the network, the more trade opportunities you'll have. Plus, you'll be able to make money through a large number of instruments.

Trading Conditions

The trading conditions of a platform are determined by the number of trading instruments available, commissions, and order execution quality. Some platforms will charge you an extra amount in the spread. Others may have a small membership fee or high minimum deposits. You should consider all these factors, based on your preferences, before making a decision.

Transparency

If a broker is transparent about the managers' statistical data, it's deemed reliable. The data should be publicly accessible. It should also be auditable independently.

Technology Finesses

A technologically effective platform will give you more information about risk management and trader selection. Thus, it will allow you to be more profitable and make better financial decisions.

Rules and Regulation

  • Licensing in the Philippines

    Forex brokers operating in the Philippines are required to obtain licenses from the Securities and Exchange Commission (SEC) or the Bangko Sentral ng Pilipinas (BSP), depending on the nature of their business activities.

  • Investor protection in the Philippines

    The SEC and the BSP have implemented various measures to protect Forex investors in the Philippines:

    • disclosure requirements
    • client fund protection
    • regulatory oversight
  • Taxation in the Philippines

    Capital gains tax rates in the Philippines vary depending on the type of asset and the holding period. The tax rates applied to capital gains from the sale or exchange of capital assets:

    • for gains from the sale of shares of stock not traded on the stock exchange and other capital assets not otherwise covered, a final tax rate is 5% of the net capital gains.
    • for gains from the sale of shares of stock traded on the stock exchange and other similar transactions, a final tax rate is 0.60% of the gross selling price or gross value in money of the shares of stock sold, exchanged, or transferred.
    • for gains from the sale of real property classified as capital assets, a final tax rate is 6% of the gross selling price or fair market value, whichever is higher.
    • it's important to note that tax rates and regulations may be subject to change, so it's advisable to consult with tax authorities or financial professionals for the most up-to-date information.

Expert opinion

Andrey Mastykin Author, Financial Expert at Traders Union

As an expert with over 15 years of experience, I can say that copy trading offers a solid opportunity to observe and learn from seasoned traders. However, it’s crucial to approach the selection of traders with great caution and never trust more funds than you’re willing to lose. The reality is that a trader’s past performance does not guarantee future success. Financial markets are inherently volatile, and mistakes or shifts in market conditions can lead to significant losses. Always diversify your portfolio across multiple traders and continue learning so that, eventually, you can trade or invest independently.

FAQs

Can you make profits with copy trading in the Philippines?

Yes, it's possible to make profits with copy trading in the Philippines. However, there's no guarantee of making a profit. Risking more money than you're comfortable losing is a recipe for disaster. Plus, a considerable bit of stock and forex trading knowledge is necessary for you to succeed in copy trading.

How does copy trading work in the Philippines?

Copy trading in the Philippines works by allowing you to copy the trades of more experienced and successful traders. This means that you don't have to put in the same amount of research and effort as them. All you need is a good copy trading platform. Once you find one, you can start copy trading immediately and make some good money.

What’s the best copy trading platform in the Philippines?

The best copy trading platform in the Philippines depends on your needs and preferences. However, some of the best copy trading platforms available in the country include FXTM and AvaTrade. These platforms are all reliable.

How can I create a copy trading account and start trading?

How can I create a copy trading account and start trading? The process is actually quite simple. All you need to do is create an account with a copy trading platform like FXTM or AvaTrade. To do so, you'll need to provide some personal information like your name, email address, and phone number. Once you've registered for an account, you can start copy trading immediately.

Team that worked on the article

Oleg Tkachenko
Author and expert at Traders Union

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Also, Oleg became a member of the National Union of Journalists of Ukraine (membership card No. 4575, international certificate UKR4494).

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).