Best Training courses providers in the Philippines
Best Copy trading platforms allowed to trade in the Philippines. Rating with real reviews
JustMarkets is a broker that helps people make money on the financial market by providing them with the best conditions. We are an international broker, and we work with clients from all over the world. This allows us to understand that each person has his own values. Our team takes into consideration the diverse cultures, countries, trading experiences, and needs of our clients when developing the company's services. JustMarkets has a variety of trading accounts with many trading instruments so that everyone can choose the best one for him. To improve and expand the services we offer traders and partners, we keep our fingers on the pulse of current trends. We want them to have the freedom to do what they love and not be distracted by other things.
JustMarkets Pros
Trading platforms that are easy to use for mobile, desktop, and web.
A good selection of forex currency pairs for trading.
Spreads starting at 0.0 pip and fast execution speeds
Managed accounts and copy trading options
A wide selection of training articles is available.
Demo accounts are available to test trading online.
You have many quick and easy payment options.
Islamic accounts for Muslim traders
Support team available 24/7
Client funds are kept separate bank accounts
JustMarkets Cons
Absence of top-tier regulation
Trading instruments are limited in number
Clients who are from different countries will not be accepted
After several days of inactivity, you may be subject to Inactivity Fees
Charges for withdrawals
No FIX API connectivity
AvaTrade pioneers online trading since 2006.
With 7 regulations on 6 continents, we are one of the best brokers in the business.
We offer many assets and leading platforms.
Trade conditions that are generous
Integrity is more than a word. We believe in a customer-first approach to business. All we do is guided by the values of integrity, quality, and transparency.
AvaTrade believes in empowering people to trade and invest with confidence in an innovative and reliable environment. It is supported by uncompromising integrity and best-in-class service.
AvaTrade Pros
You can trade $100,000 with a 100-to-1 leverage for as low as $1,000
SharpTrader provides high-quality education opportunities
There are many trading platforms available that can meet your trading needs.
Diversification options and asset choice across multiple assets
A trusted and respected broker with supervision from central banking
Support is available in 14 different languages and trading platforms in 20 languages
Available for trial and evaluation: Demo/practice Account
AvaTrade Cons
Although trade costs are generally competitive, they are not unique
Because it isn't regulated in the United States, it's not permitted to accept customers from there.
Transferring funds can take up to five days. Withdrawals may take up to 10 days.
Our vision was to create a Forex trading platform that allows traders to access all of the products available on global markets. Traders choose FP Markets because they can trade CFDs in Forex, Shares and Indices from one account.
Our deep understanding of traders is what sets us apart from other competitors. Our clients can trade with confidence when they have the right combination of price, execution speed and cutting-edge platforms. We also know that our customers need customer support and market analysis. As a global forex broker, we are committed to our clients' interests. Our firm commitment to excellence is what makes us one the most respected forex brokers in the world.
FP Markets Pros
MT5 provides a range of powerful analytical tools including 38 technical indicators, which allow simultaneous display up to 100 stock quotes charts or currencies
MT 5 integrates tools for full fundamental analysis, including an economic calendar
Market Depth or Depth of Market [DOM] is another advantage of MT5, which shows active Bids/Offers on the market
MT5 users have many more tools available than MT4 users
Many tools are also available for free to programmers
If you have programming knowledge, you can create your own tools
MT5 supports netting options and hedging.
The platform supports several trade orders including Market (pending), Stop Orders and Trailing Stop Orders.
Copy trading, also known as algorithmic trading, is one of the most powerful features of your MT5 platform.
MT5 provides a fully integrated development environment that allows traders to rapidly build and refine trading strategies with robots.
Mobile trading with MT5 enables traders to trade Forex, stocks, and futures anywhere and anytime
If you are not a programmer, you can choose pre-configured trading programs.
Now you can carry the vast capabilities of MT5 trading platform in your pocket
MT5 Mobile provides many trading options, including netting or hedging.
Through a collection of indicators and analytical items, the app allows professional technical analysis.
MT5 Mobile lets you quickly review all your transactions, buy and sell currencies, as well as swap assets with one click
FP Markets Cons
Although the new mobile app by FP Markets is a welcome addition, it still lacks many features that are common in top mobile trading apps.
Although the educational content of FP Markets isn't particularly strong, it has improved over time with podcasts and more articles.
FP Markets' Iress platform focuses more on share trading than forex. Data fees can quickly add up if you are not an active trader or have a high-balance accounts.
FP Markets' social trading portal is compatible with MetaTrader 4 but lacks advanced performance metrics like copy trading leaders.
IC Markets is a well-known Forex CFD provider. They offer trading solutions for scalpers and active traders, as well as new traders to the market. IC Markets provides its clients with cutting-edge trading platforms, superior liquidity and low latency connectivity. IC Markets is changing the face of online forex trading. Traders now have access to pricing that was previously restricted to high-net worth individuals and investment banks. Our management team has extensive experience in CFD, Forex and Equity markets in Asia and North America. This experience has allowed us to choose the most effective technology solutions and the best pricing providers in the market.
IC Markets Pros
IC Markets charges a low amount for forex transactions
Opening an account is quick and easy.
You can deposit and withdraw your money for free.
IC Markets does not charge trading or non-trading charges.
No withdrawal or inactivity fees
The account opening process for IC Markets has been made easy and completely digital.
Credit/Debit card available
No deposit fee
Several account base currencies
MetaTrader offers the web trading platform IC Markets. The platform is very customizable, can be used in multiple languages and comes with a detailed fee report.
IC Markets Cons
IC Markets offers forex and CFDs, but has a small product portfolio.
Live chat is slow and answers are not relevant.
Clients from outside the EU do not have investor protection.
CFDs have high financing rates.
Restrictions apply to withdrawals.
OctaFX - Your reliable business partner on the Forex market
Forex traders can rely on us to make the best trading decisions. You can experience it yourself. We offer exceptional services to help you access the Forex market.
Clear and precise management of your funds, transparent trading conditions, and an easy-to-use service to handle all other matters that could distract you from making a profit are some of the things we guarantee. We provide the tools and knowledge to help you trade responsibly and efficiently. We strive to improve our standards and conditions every year in order to give you the best trading experience possible with OctaFX, the #1 Forex broker.
OctaFX Pros
MetaTrader 4, MetaTrader 5 and cTrader are all proven platforms for trading.
Spreads as tight as 0.6 pip and no broker non-trading fees for withdrawals or deposits of funds
There are many trading options, including access to copy trade services and a wide range of assets.
Available minimum deposit. You must deposit $100 to start trading.
It has been licensed by CySEC to conduct brokerage activities in Cyprus.
More than 97% of orders executed without slippage
Ability to select the type of spread (fixed or floating) for MT4 accounts.
OctaFX Cons
CFDs and cryptocurrencies cannot be traded on cTrader account.
There are limited investment options that can generate passive income.
The list of payment methods changes frequently.
The company's website does not indicate the amount of EPS commissions.
Vantage is a multi-asset, global CFD broker that offers clients access to a powerful and flexible service for CFD trading on Forex, Indices and Commodities.
We have been trading for over 10 years and take great pride in offering our traders lightning-fast executions and competitive spreads. To help you get the most out of CFD trading opportunities, make use of our trading tools, drawing and analysis tools, market analysis, educational materials, as well as market analysis, and educational material.
Our clients can access our markets via the powerful MetaTrader4 and MetaTrader5 platforms as well as WebTrader or our mobile app. There are many payment options available.
Vantage gives you a trading edge.
Vantage Pros
Vantage has regulatory status in two jurisdictions tier-1 and one jurisdiction tier-3, making it a safe broker (average risks) for trading forex/CFDs.
Insurance that provides indemnity coverage is considered to offer additional protection beyond the requirements of regulations.
Vantage did a fantastic job integrating TradingView in the MetaTrader suite.
Add-ons for Smart Trader are available for MetaTrader and multiple social copy-trading platforms (not available in Australia).
Vantage is again ranked among the Top MetaTrader Brokers & Best Copy Trading Brokers for 2022.
It is easy to use and has a good graphic user interface. It can be used by business users with basic training and query information.
Vantage Cons
Pro ECN accounts require a minimum of $20,000 deposit, making them unsuitable to budget investors.
To access the Pro Trader Tools powered by Trading Central, a $1,000 deposit is required.
If you deposit less than $10,000, the spreads of the Standard account are quite low. To be eligible for active trader rebates, however, they can be very attractive.
Teradata's functionality is typically more limited and harder to use than Oracle.
HotForex, a winning commodities and forex broker, offers trading services and facilities for both institutional and retail clients. HotForex is the preferred forex broker worldwide because it offers the best trading conditions and allows traders to use expert advisors to have unlimited access to its liquidity. HotForex provides a variety of accounts, trading software, and tools that allow individuals and institutions to trade Forex and derivatives online. All Affiliate, White label clients can access liquidity and spreads via automated trading platforms. HotForex offers a wide range of account options so clients can choose the one that best suits their trading needs. HotForex offers clients at all levels the tools, and services that will help them realize their trading goals.
HotForex Pros
FX Blue Labs developed Premium Trader Tools to enhance the default MetaTrader suite.
HotForex can balance market analysis in-house with news and third-party research content.
An in-house team produces special research reports, including monthly, quarterly, and annual outlooks.
HotForex's Traders Board module provides sentiment and correlation data.
HotForex Cons
HotForex's educational content lacks quality despite having a large selection of videos.
All types of accounts have slightly higher trading costs than the industry average.
HotForex's copy trading platform HFcopy costs 300 EUR to follow (copy) existing strategies. It is not as mature as eToro’s.
The HF app is now more user-friendly, but trading is still prohibited. HotForex traders must use MetaTrader.
XTB has nearly 20 years of experience and is the world's largest stock exchange-listed FX & CFD broker. There are offices in 13 countries, including the UK, France, Germany, France, Chile, and Poland. XTB is committed to providing the best trading experience for our clients. Our core values align with this vision. Technology is a key component of finance and investing. We are aware of this and we strive to improve our trading app in line with current trends and solutions. Our goal is to make xStation the best and most functional trading app on the market. Over 495,000 people around the globe have trusted us over the past two decades of financial market activity. We are regulated by the most important supervision authorities in the world: FCA, KNF and CySEC. This means that your investments will be safe. We offer clients free insurance from Lloyd's of London. This is one of the most respected providers of specialist insurance in the world, with coverage of up 1 million Euros, GBPs, and AUD depending on where they are located. All XTB clients are automatically covered by the insurance. There is no registration required.
XTB Online Trading Pros
It is simple and fast to open an account
Quick and easy withdrawals
Some ETFs/stocks/ETFs offer low forex CFD fees, while others are commission-free.
XTB Online Trading Cons
Inactivity fee charged
We only have some basic data
CFDs limit product portfolio
Our goal is to make our clients successful and to expand the financial services industry in all countries where we operate. We are constantly innovating new products and keeping the services we provide as relevant as possible. Sponsorship programs have been an integral part our work for the past 20 years. We have worked with many sports teams around the globe. We reached the North Pole in 2018, planted the Alpari flag there, and set 2 world records. We have many more plans for the future. In 2005, the Alpari Charitable Fund began to be established. The charity has supported more than 37,000 people over the past 15 years. The fund has hosted more than 750 fundraisers and paid for more than 1,200 children's medical care. It also provided humanitarian support to more than 18,000 families. There are more than 10 ongoing programs that the fund has in place to help it focus its efforts and accomplish more. The Alpari Charitable Fund currently has over 100 volunteers.
Alpari Pros
There are many trading accounts available for traders of different experience levels and goals.
Customer support services provide efficient and high-quality work;
There are many ways to replenish your deposit or withdraw funds.
A wide range of educational tools
Good choice for beginners traders. It also offers automated trading and takes part in many projects.
Binary Options is one of the many instruments that can be used to trade.
Alpari Cons
Not possible to trade on weekends
Withdrawing funds can be done after some delays
Only VIP traders can receive commissions for withdrawals or deposits.
Trading on the MetaTrader 5 platform can only be done by traders who have standard accounts. Swap-free Forex Islamic accounts are only available to traders who have MetaTrader 4 accounts.
FXTM was created because trading was too exciting for the few. We were traders ourselves and saw the potential of the web to bring opportunities to everyone who was willing to take a risk and learn. To help the world find opportunities, we set three guidelines. Trust. If there is the right licensing and regulation in place, anyone who chooses to trade with us will be able to do so with complete peace of mind. We promised to keep customer funds separate so that no one would lose their money if things go south. We pledged to be transparent, honest, and open. We promised transparency and honesty, with no hidden fees or secrets in our trading stats. Access. Everything should be possible. It should be possible to trade it if Warren Buffet can trade it. We offer free access to world-class, money-cannot-buy education because you cannot profit from what it isn't. Value. Our agreement was to keep trading costs as low as possible, and to partner with our customers in order to help them become profitable traders. After all, if you do well, we do well. Everything we do is still weighed against the "three mores". More trust, access and value. FXTM offers you more.
ForexTime Pros
Quick registration and verification
Lower/tight spreads
Flexible leverage can increase based on your experience and knowledge.
Orders executed quickly
This product is suitable for those who don't pay or accept interest
FXTM provides flexible leverage that will give you the competitive advantage you desire.
Flexible leverage gives you that competitive edge you are looking for
With our exchange traded funds and leveraged funds, you can trade gold
Regulated by many jurisdictions, even if they are not part of the EU
ForexTime Cons
CFD fees high
Inactivity and withdrawal fees
Limited product portfolio
Trades with standard lot of 30 standard lots have an extremely low maximum order size
ECN accounts cannot be used to add limit and stop levels after execution.
ECN accounts can only add stop and limit levels to an execution.
Margin limitations and leverage caps on ECN Accounts
Copy trading is a good idea?
People are often afraid to try new things because they feel they don’t possess the skills necessary to succeed. For novice traders, copy trading can be a great option. It allows you to learn to trade properly by taking things slow. If you’re new to Forex trading in the Philippines, this means you can both learn and make money. It can give you confidence to be able to make profits following the advice of experienced traders from the beginning of your trading career. This literally means you will be supported by the best Forex traders, hand in hand, through each trade you make.
Copy trading is good for beginners.
Copy trading is a great way to start if you are a novice trader with little trading experience. Instead of investing your time and energy learning about the markets you can simply copy the success of someone who is more experienced.
Can you get rich copy trading?
If a trader is able to find a successful trader in the Philippines, copy trading can lead to high profits. Market risk is the biggest risk for a trader when copy trading. A trader who copies a strategy can lose their money if it fails. Liquidity risk is also a concern for traders if they trade instruments that are not liquid in volatile markets. Trading can also expose traders to systematic risks when the product they trade experiences rapid declines or rallies.
How can I get started copy trading in the Philippines?
- Select a trader. You can search for traders based on their performance, assets and risk score.
- Enter a number. Set a total amount. The proportions will be calculated automatically.
- Click Copy. To automatically copy the trader’s positions, click the “Copy” button.
It’s easy to set up copy trading. Select the user you wish to copy, then enter the amount and click COPY. In real-time, you’ll duplicate their positions in proportion and automatically. You can stop or start copying users at any moment.
Is copy-trading legal in the Philippines?
Yes, copy trading in the Philippines is legal provided your broker is properly regulated either by the Commodity Futures Trading Commission in forex or the Securities and Exchange Commission in stocks.
What is the cost of starting copy trading in the Philippines?
You don’t need to have a lot of money to begin copy trading in the Philippines. Although you can start copy trading in the Philippines with just $100, your chances of success may be limited if you have less than that.
You might consider starting with a smaller amount to limit your options. Otherwise, you could quickly exhaust your margin. To ensure that trades are going through, signal providers may require a minimum investment.
What broker is the best for copy trading in the Philippines
Check out these Top Copy Trading Platforms in The Philippines:
- Justforex.
- AvaTrade.
- OctaFX.
- FP Markets.
- HotForex.
- ForexTime.
- IC Markets.
- Alpari.
- XTB Online Trading.
- Vantage.
Is it necessary to pay for copy trade?
While you can always replace any of your current ones, you will need a separate Invest account to keep track of each trader. Except for the profit you make when they make a profit, there are no additional fees to use copy trading.