For Philippine residents who want to venture into the international stock market, there are really just a few legitimate options available. For this matter, I don’t consider the likes of eToro and Abra as legitimate platforms for the serious investor or trader. The top three choices for Philippine residents are Charles Schwab, TD Ameritrade, and Interactive Brokers (IBKR). Since Charles Schwab is acquiring TD Ameritrade, I’m only covering Schwab and IBKR. So which one is better for Philippine residents?
(Note that if you’re a Philippine resident and also an American citizen, many of the issues raised here are not applicable to you.)Continue reading Best international broker for Philippine residents: Charles Schwab vs Interactive Brokers