A Beginner's Guide for Filipinos (2023)


eToro supports users from over 140 countries and that includes residents from the Philippines. If you're a Pinoy, then here are some information that you need to know before you sign-up and trade with this broker.

This page covers a lot of topics regarding investing with eToro particularly for PH traders.

🏴󠁧󠁢󠁥󠁮󠁧󠁿 Accepts Filipino TradersYes
💰 Minimum Deposit$50
🛍️ Market TypesStocks, Commodities, Currencies, Indices, Crypto, ETFs
Key details for Filipino uses of eToro

A Beginner's Guide for Filipinos (1)

Pinoy ka ba? Mag-register dito para maka-pagtrade ka na sa eToro!


77% 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.

Is eToro Legal in the Philippines?

This particular question is quite common for Filipino traders regarding eToro. The good news answer to that is yes, eToro is legally allowed to accept residents from the Philippines.

It doesn't matter if you are in Luzon, Visayas or Mindanao. As long as you are Filipino, of legal age and currently residing in the Philippines, then you will be able to open an account.

Does eToro Have a Philippine Office?

No. eToro currently doesn't have any physical office in the Philippines but this doesn't mean that they do not support Filipino clients.

A Beginner's Guide for Filipinos (3)

Already interested to open an eToro account and from the PH? Click this button.


(Video) Your Complete Beginners Guide to Moving to The Philippines

77% 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.

eToro Philippines Phone Number

eToro doesn't have a local phone number for their clients in the Philippines. You can contact their customer service department via the following:

  • Support ticket: To open a case, you will need to be logged-in using your account and the email address that you used to register.
  • Live chat: This feature is available 24/5 (weekdays only).

Accessing any of these 2 methods can be done via the Customer Service Center page or this URL: etoro.com/customer-service

Supported Deposit Methods

Traders from the Philippines can fund their eToro account via the following deposit methods:

  • Credit/debit cards
  • PayPal
  • Skrill
  • Bank transfer
  • Neteller

If you have GCash, Maya (formerly PayMaya), and GrabPay, you can use the prepaid debit cards that they offer as the payment method for funding your account. Maya offers both Visa and MasterCard, while GCash and GrabPay have MasterCard.

Note: Local payment methods or wallets like ShopeePay and Coins.ph are currently not supported.

Also keep in mind: Your account will primarily be using USD so if your deposit method uses PHP, then it will automatically convert it to the USD currency with a small conversion fee.

Minimum Deposit for PH Residents

The minimum deposit required for a user who is a resident of the Philippines is $50 (around 2800 pesos). This is also the same minimum amount if you're going to make succeeding deposits.

Keep in mind that if you're going to make a deposit via bank transfer, the minimum is $500.

Fees for Philippine Clients

The applicable eToro fees for Filipino traders is the same with other nationalities. For example, if you keep a CFD position open during the duration of the weekend, eToro will charge you with an overnight fee with a rate that is the same for any trader regardless from your country of residence.


Withdrawal Fees for PH Traders

The minimum amount that you can take out from your account is $30. Every withdrawal is subject to a $5 charge. This is a fixed free regardless of the amount that you wish to cash out so even if you decide to withdraw $30, $100 or $500, the flat fee is still $5 per transaction.

A Beginner's Guide for Filipinos (9)

See how low the withdrawal fee is? Open an account now with eToro and start trading!


77% 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.

Does eToro Have Philippine Stocks?

eToro currently doesn't have stocks that are listed on the Philippine stock exchange (PSE). They currently offer stocks from the following global exchanges:

  • NYSE
  • London
  • Hong Kong
  • Frankfurt
  • Paris
  • Zurich
  • Madrid
  • Milan
  • Stockholm
  • Amsterdam
  • Oslo
  • Copenhagen
  • Helsinki
  • Brussels
  • Lisbon
  • OTC Markets
  • Saudi Arabia
  • Chicago

Take note that you will only be able to trade real stocks if you won't be using leverage. Any stock positions opened with leverage are traded as CFD or contract for difference.

Top eToro Pinoy Traders

Currently, the top Filipino traders on the eToro Popular Investor program are the following:

TraderUsernamePopular Investor Level
Ronald Diaz Tagsuan@ronaldtagsuanChampion
Mark Joseph Fernandez@mjtfernandezChampion
John Dill Macapagal@jdaytradesproChampion
Fatima Matibag@kahitanomahalkoCadet
Top Filipino Traders on eToro

These users have a risk score of 4-5, with the most experienced trader being active on the platform since the year 2016.

(Video) 50 Phrases Every Filipino Beginner Must-Know

A Beginner's Guide for Filipinos (11)

Ready to follow these Pinoy traders? You can do so by opening an eToro account so sign-up here!


77% 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.

eToro Philippines Stats

This latest data is taken from eToro's Q4 2022 Investor Update (March 2023). Based on this released report, there were 2.8 million funded accounts, 13% of which were from the Asia Pacific, where the Philippines is included, as of December 31, 2022.

Frequently Asked Questions (FAQ)

Can Filipinos use eToro for trading?
Yes, Filipino citizens and residents can use eToro for trading. eToro is a global online trading platform that is available in many countries, including the Philippines. Filipino traders can sign up for an eToro account, deposit funds, and start trading a variety of assets, including stocks, cryptocurrencies, commodities, forex, and more.

What are the fees for using eToro in the Philippines?
Same as with other countries, eToro basically charges the same fees for its services, including trading fees, withdrawal fees, conversion fees, and inactivity fees. For example, eToro charges a $5 flat fee for every withdrawal, regardless of which country you are from.

How do I open an eToro account in the Philippines?
Here are the steps to open an eToro account in the Philippines:

  1. Go to eToro's website at www.etoro.com and click on the "Join Now" button.
  2. Enter your personal information, including your full name, email address, and phone number.
  3. Create a username and password for your eToro account.
  4. Verify your email address by clicking on the verification link that eToro sends to your email.
  5. Complete the eToro application form by providing additional information, such as your address and date of birth.
  6. Upload a copy of your government-issued ID to verify your account.

It's important to note that eToro may require additional documentation or information to verify your identity or comply with regulatory requirements. Also, make sure to read and understand eToro's terms and conditions before opening an account.

What documents do I need to verify my eToro account in the Philippines?
If you're from the Philippines and you need to verify your eToro account, you will need to provide certain documents. Here are the documents that they usually require for verification purposes:

  1. Government-issued ID: You will need to provide a valid government-issued ID, such as your driver's license, SSS ID, UMID, voter's ID, national ID, or passport.
  2. Proof of address: You will need to provide a document that shows your name and address, such as a utility bill, bank statement, or tax document.
  3. Payment method: If you deposit funds using a credit/debit card or e-wallet, you may need to provide a copy of the front and back of the card or a screenshot of the e-wallet account.
  4. Selfie: eToro may ask you to provide a selfie holding your government-issued ID or a piece of paper with a specific code or message.

The verification process may take a few days to complete, and eToro may request additional documentation or information if necessary. It's important to make sure that the documents you provide are clear, readable, and match the information on your eToro account.


What trading instruments are available on eToro for Philippines traders?
eToro traders from the Philippines can access all the 3000+ instruments on the platform, including forex, commodities, stocks, indices, crypto, and ETFs.

Does eToro offer demo accounts for traders in the Philippines?
Yes, all eToro traders from the Philippines are provided access to a free demo account after opening a live account.

How can I find successful traders to copy on eToro in the Philippines?
If you're interested to copy on successful eToro in the Philippines, you'll need to access the CopyTrader feature on the platform, and configure the search filter to show only people from the Philippines. You might also want to set the trading style, performance, risk score, and more to find traders who match your preferences

What trading platforms are available on eToro for Philippine traders?
All of eToro's platforms are accessible for eToro traders in the Philippines. This includes the web-based platform, which can be accessed on web browsers, and its mobile app, which can be installed on mobile devices that are powered by either Android or iOS.

A Beginner's Guide for Filipinos (12)

If you're from the Philippines, sign-up here!


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. 77% 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.

(Video) 1 Hour of Tagalog (Filipino) for Beginners | Tagalog for Kids Compilation

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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.


What documents do I need to leave the Philippines? ›

A travel document is valid for 30 days from issuance and can only be used one-way to the Philippines. In order for you to leave the Philippines, you will need to apply for a new passport.

What are the 4 core values of Filipino? ›

Hiya, pakikisama, utang na loob & respect to others make a Filipino an individual with unique moral obligation to treat one another resulting to community ties. These values make Filipinos friendly, hospitable, polite & loyal. In brief, the Filipino core values influence how they behave in any situation.

What are 5 interesting facts about the Philippines? ›

The Things You Should Know About Philippines
  • It's home to the world's longest underground river. ...
  • There are 175+ languages in the country. ...
  • It boasts three of the world's largest shopping malls. ...
  • An island with more volcanoes than towns. ...
  • It's the home of Asia's first Basketball League.

What do I have to do before I go to the Philippines? ›

Quick Facts
  • PASSPORT VALIDITY: Must be valid for 6 months at time of entry.
  • BLANK PASSPORT PAGES: Sufficient space for an entry visa stamp.
  • TOURIST VISA REQUIRED: No (for tourist travel under 30 days).

What are the requirements going to Canada from Philippines? ›

Applying for an eTA requires only a valid passport, a credit card, an email address and access to the internet, the Canadian Embassy said. Once approved, Filipino visitors can stay in Canada for up to six months for either business or leisure.

What is Philippines mostly known for? ›

The Philippines is known for its exotic beaches, expansive forests, and abundance of volcanoes. Despite the common theme of nature, there are many islands that all differ from each other vastly. The Philippines is famous for its old, religious landmarks, and in contrast its modernized skyscrapers.

What is Philippines very famous for? ›

The Philippines is mainly popular for its beautiful beaches and islands. Over 7,000 islands and white sand beaches are here, which increases its scenic beauty. This is a reason behind the popularity of this country among couples planning honeymoons. Some of the popular islands include Boracay, Palawan, and Siargao.

What to avoid when traveling to the Philippines? ›

11 Things Tourists Should Never Do in the Philippines, Ever
  • Don't insult the country or its people.
  • Don't disrespect your elders.
  • Don't use first names to address someone older.
  • Avoid confrontation and coming off too strong.
  • Don't arrive on time.
  • Don't get offended too easily.
  • Don't go without prior research.
Nov 2, 2017

Do I need a visa to travel to Philippines from Canada? ›

Nationals of countries under EO 408, including Canada, are allowed to stay in the Philippines without visa not to exceed 30 days ( see below for the complete list of countries). A visa is needed for a stay of more than 30 days in the Philippines.

Is PCR required to enter Philippines? ›

An official and certified Covid-19 test (RT-PCR or RAT) performed by a medical facility or lab within 24h before departure is required.

What is loyalty in Filipino culture? ›

A sense of national identity and pride emerged out of struggles for Philippine independence. However, loyalties remain foremost with one's family and place of birth. Key values such fellowship, respect and acceptance are found throughout the culture, with many Filipinos displaying a warming and hospitable demeanour.

What does Tito and Tita mean in the Philippines? ›

Family friends one generation above, like parent's friends, are called "Tito" (for males) and "Tita" (for females), although they should not be confused with Tiyo and Tiya which are for blood relatives. However, "Tito" and "Tita" are also sometimes used to reference blood relatives as well.

What Filipino values the most? ›

Value enumeration
  • Family oriented.
  • Humor and positivity.
  • Flexibility, adaptability, discipline, and creativity.
  • Education and multilingualism.
  • Religious adherence.
  • Ability to survive and thrive.
  • Hard work and industriousness.
  • Hospitality.

How much money do you need to survive a month in the Philippines? ›

The cost of living in the Philippines in 2023

A single person needs at least $600 average monthly budget to live comfortably, with a family of four needing at least $2,500 average monthly net salary. The monthly cost for rent alone can be as high as $1,000 for a two-bedroom apartment.

How much money do I need to bring to Philippines? ›

Any excess amount not covered by specific written BSP authorization is subject to confiscation by the Philippine Bureau of Customs. A person may carry up to the amount of USD 10,000 (or equivalent in any other foreign currency), in cash or other monetary instruments, into and out of the Philippines.

How long can a former Filipino citizen stay in the Philippines? ›

The Philippines' BALIKBAYAN PROGRAM allows a one-year visa-free stay for Filipinos working overseas and for former Filipinos who have acquired citizenship in certain countries (refer to list of countries below).

How long can a Philippine citizen stay in Canada? ›

Most visitors can stay for up to 6 months in Canada. At the port of entry, the border services officer may allow you to stay for less or more than 6 months. If so, they'll put the date you need to leave by in your passport.

How much bank balance is required for Philippines visa? ›

How much is the bank balance required for a Philippines visa? No one can answer this, but anywhere near $1000 is enough. The bank balance required for a Philippines visa is the minimum amount you will need in your bank to be able to apply for a visa. The Philippines embassy has set this amount to be at least $1000.

How to sponsor someone from Philippines to Canada? ›

How to apply
  1. Apply to sponsor. You need a Document Checklist — Sponsor [IMM 5287] (PDF, 821.91 KB) ...
  2. Steps for the sponsored person (or if under 18, their guardian or you on their behalf) Sign in or create a Permanent residence online application portal account (opens in a new tab).
May 4, 2023

What is the nickname of the Philippines? ›

Pearl of the Orient/Pearl of the Orient Seas (Spanish: Perla de oriente/Perla del mar de oriente) is the sobriquet of the Philippines. The term originated from the idea of Spanish Jesuit missionary Fr. Juan J. Delgado in 1751.

What is Philippines national dish? ›

The national dish of the Philippines is adobo. Its name comes from the Spanish word “adobar,” meaning “marinade,” “sauce” or “seasoning.” And while some of adobo's origins are hard to trace, other things are known.

What is the staple food in the Philippines? ›

Rice is the most important staple food in the Philippines as it provides almost half of the calorie requirements of the population.

What Filipino trait is the most well known everywhere? ›

Courtesy. Aside from saying “po” and “opo”, Filipinos are known worldwide to be very polite. They make sure that they give their visitors a warm welcome.

What are Filipino mixed with? ›

We are proud of our heritage at the rim of East Asia, the meeting point of the many Asian groups, as well as Europeans from Spain. Our culture even 100 years ago was already a mix —of Malay, Chinese, Hindu, Arab, Polynesian and Spanish, with maybe some English, Japanese and African thrown in.

Why do foreigners love the Philippines? ›

Warm Climate

For foreigners who prefer warmer climates, the Philippines is the perfect place to live in. That's why many tourists travel to this country to enjoy the weather. Being a tropical country, it only consists of two seasons: dry and wet.

What is the Filipino national animal? ›

There are symbols such as the carabao (national animal), mango (national fruit) and anahaw (national leaf) that are widely known as national symbols but have no laws recognizing them as official national symbols.

What is the most unique thing about the Philippines? ›

The Philippines is made up of around 7,500 islands, which makes it the second-largest archipelago in the world, after Indonesia. Only 2,000 of these islands are actually inhabited and nearly 5,000 still aren't even named on google maps!

What is bad etiquette in the Philippines? ›

Staring is considered rude and could be misinterpreted as a challenge, but Filipinos may stare or even touch foreigners, especially in areas where foreigners are rarely seen. To Filipinos, standing with your hands on your hips means you are angry. Never curl your index finger back and forth (to beckon).

What is the safest place in Philippines? ›

  1. 10 Safest Cities in the Philippines. Below are 10 of the safest places to visit in the Philippines. ...
  2. Davao. If you are up for adventure and beautiful views, Davao makes a great destination. ...
  3. Bohol. Bohol is another great place for those with an adventurous spirit. ...
  4. Baguio. ...
  5. Dumaguete. ...
  6. Iloilo. ...
  7. Makati City. ...
  8. La Union.
Mar 9, 2023

Can a Canadian citizen buy a property in the Philippines? ›

Foreigners are prohibited from owning land in the Philippines, but can legally own a residence. The Philippine Condominium Act allows foreigners to own condo units, as long as 60% of the building is owned by Filipinos. If you want to buy a house, consider a long-term lease agreement with a Filipino landowner.

Can Canadian citizens travel to the Philippines right now? ›

PHILIPPINES - Exercise a high degree of caution

Exercise a high degree of caution in the Philippines due to crime, terrorism, civil unrest and kidnapping.

Is dual citizenship allowed in the Philippines? ›

Republic Act 9225 (RA 9225) or the Citizenship Retention and Re-acquisition Act of 2003 (more popularly known as the Dual Citizenship Law) allows natural-born Filipinos who have become naturalized citizens of another country to retain or re-acquire their Filipino citizenship.

Do you need a booster shot to enter the Philippines? ›

All arrivals to the Philippines must present a negative test no older than 24 hours and proof of vaccination. Fully vaccinated arrivals are exempt.

Does Canada still require PCR test to enter? ›

Effective October 1, 2022, COVID-19 border entry restrictions were removed. In addition, testing, quarantine and isolation requirements were removed, regardless of citizenship and vaccination status. For general information on monthly traveller volumes by port of entry, visit the Open Government Portal.

Is e travel pass required in Philippines? ›

With effect from 15 April 2023, the Bureau of Immigration (BI) will start requiring all inbound and outbound travelers, regardless if they arrive by air or sea, to complete a declaration form through the eTravel system (etravel.gov.ph).

Do I need exit permit to leave Philippines? ›

Tourists staying more than 59 days but less than 6 months must pay an exit clearance fee . If your date of departure is certain, this can be paid through one of the five BI regional offices; otherwise, the exit fee can be paid at the airport upon your departure.

Which document is needed to go out of your country? ›

Passport, Travel Visa and National ID Card

Proper identification is the foundation of international travel. As a result, you should ensure to always have an official identification document with you. You can even consider having multiple documents such as your passport, national ID card or driver's licence.

Do you need any documents to leave Canada? ›

For Canadian citizens

Always carry a valid Canadian passport when you travel outside Canada. See Travel documents for more information.

What documents do you need to leave the country? ›

A passport is required for all international travel. If you're traveling anywhere overseas, you need a passport to board an international flight and to enter the country. Passport cards will not be accepted as form of I.D. for international air travel.

Is there a fee to leave the Philippines? ›

What is PH Travel Tax? The Philippine travel tax is a fee for Filipinos traveling abroad. The full travel tax is P1,620 for passengers on economy class plane tickets and P2,700 when flying first class.

Can I leave Philippines and come back? ›

If you are a citizen of one of the countries that don't require a visa for stay up to 30 days then yes you can go to another country and go back to the Philippines and get another 30-day visa-free stay so actually you can stay for a total of 2 months if you want.

Can you enter and exit Canada without a passport? ›

Entry into Canada: Canadian law requires that all persons entering Canada carry proof of citizenship and identity. A valid U.S. passport, passport card, or NEXUS card satisfies these requirements for U.S. citizens. Children under 16 only need proof of U.S. citizenship.

Should I put a copy of my passport in my checked luggage? ›

Copies of all identification documents for travel

Having photocopies of your important travel documents can save you a headache if you lose your important travel documents. Keep your original documents in your carry-on or personal item. You can store one copy of these identification documents in each checked bag.

What are the 3 type of travel documents? ›

The most basic forms of travel documents are passports, passport cards, and arrival/departure records. These required documents allow U.S. citizens to travel abroad and re-enter the country legally upon return. Arrival/Departure records are used for non-citizens entering the country temporarily.

What documents do I need at airport? ›

Are you about to fly for the first time?
  • ID card - The most important document for Air travel and Passport for International Travellers.
  • Tickets - Hard copy / soft copy based on the Airline's policy.
  • Boarding Pass - If available or you can print it at the Check-in counters at the Self Kiosk counters at the Airport.

What documents do I need to enter back into Canada? ›

All international travellers must carry acceptable identification and a valid visa (if necessary) when entering Canada. A passport is recommended because it is the only reliable and universally-accepted travel and identification document for the purpose of international travel.

What do I have to declare when leaving Canada? ›

You must declare goods purchased at a Canadian or foreign duty-free shop, and any repairs or alterations you made to your vehicle, vessel or aircraft while you were out of the country. If you are unsure whether to declare an item, or whether an item may be inadmissible, always declare it to the border services officer.

What documents do I need to return from Canada? ›

Air Travel: All U.S. citizens departing from or entering the United States from within the Western Hemisphere by air are required to present a valid U.S. passport or a NEXUS card (if utilizing a NEXUS kiosk when departing from a designated Canadian airport).

How can I travel outside the Philippines? ›

What are the Travel Document Requirements? Valid Passport - A passport is crucial for individuals who plan to travel abroad, which is no exception for Filipinos. It's recommended to schedule an appointment with the Department of Foreign Affairs (DFA) in advance, even before booking a flight.

What to do before travelling? ›

Learn about your destination
  1. Read our travel advice for your destination. ...
  2. Subscribe to our travel advice and we'll update you when things change. ...
  3. Familiarise yourself with COVID-19 entry and exit rules in your destination.
  4. Research the local laws of the countries you plan to visit.
Mar 21, 2023

How do I travel abroad for the first time? ›

Here are some tips to get yourself ready for your first trip abroad.
  1. Check your documents. ...
  2. Consider signing up for a travel rewards card. ...
  3. Give yourself a long booking runway. ...
  4. Be selective about lodging. ...
  5. Consider the not-so-common essentials. ...
  6. Pack right for the flight. ...
  7. Give a heads up to your credit card issuer.
Feb 23, 2023


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