Trade iShares MSCI South Korea ETF in Philippines

iShares MSCI South Korea ETF (EWY) is tradable as a perpetual from Philippines: the legal status, working funding rails and the practical route are below.

Is iShares MSCI South Korea ETF trading legal in Philippines?

Spot crypto is lawful in the Philippines and is supervised as a licensed activity, not tolerated at the margins: Bangko Sentral ng Pilipinas (BSP) Circular No. 1108 (2021) replaced the older Virtual Currency Exchange rules with a Virtual Asset Service Provider (VASP) regime, treats VASPs as money service businesses under BSP's regulatory and examination powers, and requires each one to hold a Certificate of Authority before it may exchange virtual assets against fiat, exchange one virtual asset for another, transfer virtual assets, or hold them in custody. Holding and trading crypto as an individual is not prohibited anywhere in that circular; the licensing burden falls on the provider.

What the contract is

A perpetual on EWY tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open EWY-PERP

Pick EWY in the markets list. The ticket shows the live price, the current funding rate and max leverage 10x .

EWY-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of EWY at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Individual taxpayers are subject to graduated income tax rates of up to 35% on net taxable income above PHP 250,000; the first PHP 250,000 of net taxable income is tax-free.

Trading EWY from Philippines: legal.

Philippines traders can fund iShares MSCI South Korea ETF positions using Mobile Money (GCash & Maya), Bank Transfer (InstaPay & PESONet) and Debit Card.

Philippines residents can trade iShares MSCI South Korea ETF on 11 platforms, including ApeX, Aster and Avantis.

Canborsa offers up to 10x leverage on iShares MSCI South Korea ETF for traders based in Philippines.

Canborsa charges 0.07% per side (0.14% round trip) on iShares MSCI South Korea ETF.