Yes, eToro is available in the Philippines. Filipino residents can successfully register, verify their accounts, and make deposits, allowing full access to all of eToro's features, including cryptocurrency trading and copy trading.
76% 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.
Online trading has recently become a popular trend in the Philippines, especially among millennials. As a millennial myself, I've been exploring various methods of investing, and one platform that piqued my interest is eToro, particularly for its copy trading method.
However, a crucial question lingered: Is eToro available in the Philippines, and will it accept Filipino users? As a resident of the Philippines, I wasn't sure if this broker was operational in my country, so I decided to find out for myself. In this article, I'll share my experience in opening an account and making an actual trade to see whether their services are accessible to Filipino citizens.
Take note: If you are a citizen of another country but currently residing in the Philippines, this information may not apply to you.
To begin, I visited the eToro website and went through the registration process. This was a pivotal moment, as in my past experiences with other brokers and online services, I would typically encounter a warning at this stage if users from my country were not accepted. Fortunately, no such warning appeared, and my registration was accepted, a promising sign.
After registering, I received an email instructing me to verify my eToro Philippines account. I followed the instructions and was able to access their platform successfully.
The next step was to complete the full verification, a mandatory requirement. This process was straightforward, but it's important to have a government-issued ID, such as a passport, UMID, or national ID, and a recent bill with your address to complete the full authentication.
Once verified, I attempted to make my first deposit, setting the amount to the minimum required for Philippine users, which is $50 (around 2800 pesos). The transaction was processed successfully.
With my account funded, I gained full access to the platform, where I could trade a variety of products and buy cryptocurrency like Bitcoin and Ethereum. In addition, I was particularly impressed with the accessibility of the copy trading feature through the CopyTrader system.
This experiment confirms that eToro is indeed available for users in the Philippines. It's important to clarify that this applies to Filipino citizens and residents.
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. 76% 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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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.