eToro’s Exit Leaves Filipino Investors Searching For Alternatives

Mark this day October 11, 2024, as a sad day for Filipino investors.

Collectively, we received the Important email in our inboxes that etoro’s services will end this December, 2024.

I have been investing in crypto and foreign markets with eToro since 2021.

I thought this can be a platform I can have long-terms positions.

Our country has been making it harder to escape the rat race. But we should still strive to find alternatives to pursue of financial goals!

The negativities ends here.

I’m selling everything and keeping my capital liquid until I find an alternative platform.

Let’s Find Alternatives

A decent list but still can’t shake the feeling that they will meet the same fate as eToro.

I have already created and have an approve account with IBKR as it has been the most recommended one because of its access to Ireland domiciled ETFs.

Read more about it here

Open your own account with IBKR

For the safest bet to not get banned by SEC again, I might consider investing Feeder Funds through traditional banks.

I’m currently weighing between options Security Bank and Eastwest.

But might choose the former since Security Bank has been my bank tied with some existing loans.

Feeder Funds Of Traditional Banks

Hey there my friends!

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