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Forex Brokers in the Philippines: What New Traders Need to Know

Want to trade in the forex market to earn money from home? It isn’t as simple as it sounds. Trading foreign currencies can be very risky—the potential for losing your funds is as high as the potential for earning a profit. To help you manage risks and execute your trades, you need to find a…

Forex Broker Philippines: List of Brokers in the Philippines | MoneymaxForex Broker Philippines: List of Brokers in the Philippines | Moneymax

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Forex Broker Philippines: List of Brokers in the Philippines | Moneymax

Want to trade in the forex market to earn money from home? It isn’t as simple as it sounds. Trading foreign currencies can be very risky—the potential for losing your funds is as high as the potential for earning a profit. To help you manage risks and execute your trades, you need to find a forex broker in the Philippines before you even begin trading in the FX market.

Your broker will play a critical role in your forex trading journey. Thus, it’s important to understand how forex broker Philippines works and know the best options available.

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="What is a Forex Broker?” data-reactid=”34″>What is a Forex Broker?

A forex broker is a financial services company that works as a middleman between traders and the foreign exchange market by executing buy or sell orders placed by their clients. Aside from forex, brokers also enable their clients to trade on other assets such as stocks, indices, commodities, metals, and cryptocurrencies.

Typically, FX brokers are international companies based abroad. But even without a Philippine-based headquarters, some forex brokers can serve Filipino clients because all transactions—from account opening to fund withdrawals—are done online.

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="What Does a Forex Broker Do?” data-reactid=”37″>What Does a Forex Broker Do?

forex broker philippines - forex broker meaningforex broker philippines - forex broker meaning

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forex broker philippines – forex broker meaning

Forex brokers offer a range of services that makes trading foreign currencies easier and more affordable for their clients.

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Provide Easy Access to the FX Market” data-reactid=”59″>Provide Easy Access to the FX Market

To trade currencies in the marketplace, you need to set up a trading account. A forex broker Philippines lets you do that, so you can start trading forex online.

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Perform Currency Trades” data-reactid=”61″>Perform Currency Trades

FX brokerages make forex trading platforms available to their clients for placing buy and sell orders, which brokers will execute. The MetaTrader 4 (MT4) forex trading software is widely used among traders today. In addition to MT4 integration, some forex brokers in the Philippines also offer their own proprietary trading platform.

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Help Beginners Learn Forex” data-reactid=”63″>Help Beginners Learn Forex

Most forex trading sites have beginner-friendly features such as educational tools and resources to help first-timers learn the ropes of trading currencies. They also provide a free demo account that new traders can use to practice trading using virtual money without risk. For advanced traders, demo accounts enable them to test new strategies.

Some brokers also offer a copy trading feature (also called social trading) that allows inexperienced traders to automatically replicate the trades of successful traders. In doing so, newbies learn from the pros. Experienced traders also benefit from copy trading, as it allows them to earn more money by selling their trading signals.

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Provide Leverage” data-reactid=”66″>Provide Leverage

Traders can borrow money from their broker to buy a larger volume of currencies with a smaller capital. This forex broker service is called leverage, which is expressed in a ratio. For example, if your forex trading account is leveraged at 100:1, this means you can trade 100 times the amount you put into your trade.

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Give Access to Market Information and Analysis” data-reactid=”68″>Give Access to Market Information and Analysis

Forex trading platforms provide traders with the necessary data to track and analyze the market, so they can make the best trading decision.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Read more: Forex Trading in the Philippines: Complete Guide for Newbie Traders” data-reactid=”70″>Read more: Forex Trading in the Philippines: Complete Guide for Newbie Traders

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="How Do Forex Brokers Make Money?” data-reactid=”71″>How Do Forex Brokers Make Money?

forex broker philippines - how forex brokers make moneyforex broker philippines - how forex brokers make money

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forex broker philippines – how forex brokers make money

In return for the services they provide, forex brokers in the Philippines make a profit in two ways: collecting bid-ask spreads and charging fees.

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Bid-Ask Spread” data-reactid=”93″>Bid-Ask Spread

Unlike stock brokers, most forex brokers don’t charge any commissions. Instead, they take a cut from executed trades through spreads.

A spread is the difference between the bid price and the ask price for a currency pair. The bid price is the highest price a buyer is willing to pay, while the ask price is the lowest price a seller is willing to accept.

Spreads are calculated in pips (short for point in percentage), which is the fourth decimal point of a price. For example, if the EUR-USD pair is priced as 1.1000 bid and 1.1015 ask, the difference is 0.0015 or 1.5 pips—this is the spread that the forex broker will collect for performing the trade.

Whether you gain or lose on your forex trade, your broker will still make money on the spread.

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Forex Broker Fees” data-reactid=”102″>Forex Broker Fees

FX brokers also earn from charging different fees from clients. Here are the common forex broker Philippines fees traders may incur:

  • Rollovers – Also called financing fee or swap charges, this fee is charged for holding a currency position open overnight.
  • Withdrawal fee – A minimal fee may be charged each time you withdraw funds from your forex trading account.
  • Inactivity fee – If your account stays inactive for a certain period, you’ll be charged a fee for it.

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best Forex Broker Philippines 2020” data-reactid=”108″>Best Forex Broker Philippines 2020

Here are the top-rated global brokerage companies that serve clients in the Philippines. They make it to this list of the best forex broker Philippines because they are highly regulated, charge low fees, and/or have excellent trading platforms and research tools, among other features.

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="eToro” data-reactid=”110″>eToro

forex broker philippines - etoroforex broker philippines - etoro

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forex broker philippines – etoro

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best for: Beginners and busy professionals who would like to try copy trading” data-reactid=”131″>Best for: Beginners and busy professionals who would like to try copy trading

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="eToro[1] caters to millions of forex traders of all experience levels in over 140 countries including the Philippines.” data-reactid=”132″>eToro[1] caters to millions of forex traders of all experience levels in over 140 countries including the Philippines.

The MetaTrader platform is not available on the forex trading site, but eToro’s own social trading platform is more than enough because it’s innovative and beginner-friendly. Through a social news feed built into the forex trading site, eToro users can follow and interact with fellow traders to broaden or share their knowledge.

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="eToro Key Features:” data-reactid=”134″>eToro Key Features:

  • Regulators: Cyprus Securities Exchange Commission (CySEC), Financial Conduct Authority (FCA) in the UK, and Australian Securities and Investments Commission (ASIC)
  • Trading instruments: Forex, stocks, cryptocurrencies, exchange-traded funds (ETFs), indices, and commodities
  • Trading platform: eToro Platform
  • Minimum deposit: USD 200 (initial deposit) / USD 50 (succeeding deposits)
  • Maximum leverage: 30:1
  • Currency pairs: 47
  • Spread: 1 pips to 50 pips
  • Negative balance protection
  • With demo account

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="FOREX.com” data-reactid=”145″>FOREX.com

forex broker philippines - forex.comforex broker philippines - forex.com

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forex broker philippines – forex.com

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best for: Active, high-volume traders looking for low fees and diverse technical research tools” data-reactid=”166″>Best for: Active, high-volume traders looking for low fees and diverse technical research tools

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="FOREX.com[2] is a US-based broker that operates in over 180 countries with 430,000+ customers worldwide. It performs trades fast, with 99.78% of trades executed in less than 1 second and average execution speed of 0.05 seconds. The forex broker also provides high-volume traders with benefits such as up to 15% cash rebates on trades. Thus, FOREX.com is ideal for active traders who buy and sell currencies in large volumes.” data-reactid=”167″>FOREX.com[2] is a US-based broker that operates in over 180 countries with 430,000+ customers worldwide. It performs trades fast, with 99.78% of trades executed in less than 1 second and average execution speed of 0.05 seconds. The forex broker also provides high-volume traders with benefits such as up to 15% cash rebates on trades. Thus, FOREX.com is ideal for active traders who buy and sell currencies in large volumes.

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="FOREX.com Key Features:” data-reactid=”168″>FOREX.com Key Features:

  • Regulators: Commodity Futures Trading Commission and National Futures Association in the US and other regulatory bodies in six jurisdictions
  • Trading instruments: Forex, equities, commodities, indices, bonds, ETFs, industry sectors, cryptocurrencies, gold, and silver
  • Trading platforms: Advanced Trading, WebTrader, MT4, and MT5
  • Minimum deposit: 100 units of the base currency
  • Maximum leverage: 200:1
  • Currency pairs: 80+
  • Spread: 0.2 pips to 1.0 pips (for Standard Accounts)
  • Commission charge: USD 5 per 100,000 units traded (for Commission Accounts)
  • Segregated client funds
  • With demo account (except for Commission Accounts)

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="XM Global” data-reactid=”180″>XM Global

forex broker philippines - xm globalforex broker philippines - xm global

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forex broker philippines – xm global

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best for: Forex and CFD traders,&nbsp;especially beginners, who want to save on trading fees and learn how to trade currencies” data-reactid=”201″>Best for: Forex and CFD traders, especially beginners, who want to save on trading fees and learn how to trade currencies

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="XM Global[3] is a multi-awarded and highly regulated online forex broker with international licenses in five jurisdictions and serving over 3.5 million clients from 196 countries including the Philippines. Forex trading is made easy with a wide range of research tools and a low minimum deposit of only five dollars.” data-reactid=”202″>XM Global[3] is a multi-awarded and highly regulated online forex broker with international licenses in five jurisdictions and serving over 3.5 million clients from 196 countries including the Philippines. Forex trading is made easy with a wide range of research tools and a low minimum deposit of only five dollars.

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="XM Global Key Features:” data-reactid=”203″>XM Global Key Features:

  • Regulators: ASIC, CySEC, International Financial Services Commission in Belize, Dubai Financial Services Authority, and FCA
  • Trading instruments: Forex, stocks, indices, commodities, precious metals, and energies
  • Trading platforms: XM WebTrader, MT4, and MT5
  • Minimum deposit: USD 5
  • Maximum leverage: 888:1
  • Currency pairs: 57
  • Spread: Starting from 0.6 pips
  • Research tools: Free video tutorials, daily forex webinars, forex market research, daily technical analysis, daily FX market outlook, and daily forex trading signals
  • Segregated client funds
  • Negative balance protection
  • No requotes and no rejection of orders
  • Personal account managers
  • 24/5 live help
  • With demo account

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Read more: XM Global Guide to Start Your Trading Journey” data-reactid=”219″>Read more: XM Global Guide to Start Your Trading Journey

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="IQ Option” data-reactid=”220″>IQ Option

forex broker philippines - iq optionforex broker philippines - iq option

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forex broker philippines – iq option

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best for: Forex and options traders, especially beginners, looking for low fees and an easy-to-use trading platform” data-reactid=”241″>Best for: Forex and options traders, especially beginners, looking for low fees and an easy-to-use trading platform

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="IQ Option[4] has more than 48 million registered traders from 200+ countries, including the Philippines, with 1.3+ million trades executed daily. In the absence of MetaTrader platforms, IQ Option offers its own mobile trading platform customized to the user’s trading needs.” data-reactid=”242″>IQ Option[4] has more than 48 million registered traders from 200+ countries, including the Philippines, with 1.3+ million trades executed daily. In the absence of MetaTrader platforms, IQ Option offers its own mobile trading platform customized to the user’s trading needs.

The forex trading site features a demo account (with refillable virtual funds worth USD 10,000) that allows for unlimited practice. This helps new traders learn forex trading at their own pace with no risk.

Unlike many online forex brokers in the Philippines, IQ Option does not charge rollovers for holding positions overnight.

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="IQ Option Key Features:” data-reactid=”245″>IQ Option Key Features:

  • Regulators: CySEC and Financial Services Authority (FSA) in Seychelles
  • Trading instruments: Forex, options, stocks, cryptocurrencies, ETFs, commodities, and indices
  • Trading platform: IQ Option app
  • Minimum deposit: USD 10, PHP 520, or equivalent
  • Maximum leverage: 500:1
  • Currency pairs: 44
  • Spread: Starting from 0.6 pips
  • Educational tools: Fundamental and technical analysis, news feed, and economic calendars
  • Segregated client funds
  • Negative balance protection
  • 24/7 multilingual customer support
  • With demo account

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Read more: IQ Option for Beginners: A Guide to Using the Online Trading Platform” data-reactid=”259″>Read more: IQ Option for Beginners: A Guide to Using the Online Trading Platform

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="AvaTrade” data-reactid=”260″>AvaTrade

forex broker philippines - avatradeforex broker philippines - avatrade

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forex broker philippines – avatrade

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best for: Forex and CFD traders who prefer to use MetaTrader platforms” data-reactid=”281″>Best for: Forex and CFD traders who prefer to use MetaTrader platforms

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Established in 2006, AvaTrade[5] is one of the pioneers of CFD trading on commodities, stocks, and indices. Today, it serves 300,000 registered users globally and executes over three million trades monthly.” data-reactid=”282″>Established in 2006, AvaTrade[5] is one of the pioneers of CFD trading on commodities, stocks, and indices. Today, it serves 300,000 registered users globally and executes over three million trades monthly.

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="AvaTrade Key Features:” data-reactid=”283″>AvaTrade Key Features:

  • Regulators: British Virgin Islands Financial Services Commission, Financial Services Agency (FSA) in Japan, ASIC, and other regulatory bodies in seven jurisdictions
  • Trading instruments: Forex, stocks, indices, bonds,  commodities, ETFs, and cryptocurrencies
  • Trading platforms: AvaOptions, AvaTradeGO, WebTrader, MT4, and MT5
  • Minimum deposit: USD 1,000
  • Maximum leverage: 400:1
  • Currency pairs: 50+
  • Spread: Starting from 0.9 pips
  • Research tools: Free ebooks, articles, videos, webinars, and daily market analysis
  • Segregated client funds
  • Negative balance protection
  • One-on-one training with a dedicated account manager
  • 24/5 global customer support
  • With demo account

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="FP Markets” data-reactid=”298″>FP Markets

forex broker philippines - fp marketsforex broker philippines - fp markets

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forex broker philippines – fp markets

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best for: Forex and CFD traders interested in IRESS and MetaTrader trading platforms” data-reactid=”319″>Best for: Forex and CFD traders interested in IRESS and MetaTrader trading platforms

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="With 15 years of trading experience, FP Markets[6] offers consistently tight spreads from as low as 0.0 pips on the major currency pairs. Account opening, deposits, and withdrawals are easy and quick.” data-reactid=”320″>With 15 years of trading experience, FP Markets[6] offers consistently tight spreads from as low as 0.0 pips on the major currency pairs. Account opening, deposits, and withdrawals are easy and quick.

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="FP Markets Key Features:” data-reactid=”321″>FP Markets Key Features:

  • Regulators: ASIC and CySEC
  • Trading instruments: Forex, shares, commodities, indices, cryptocurrencies, gold, and silver
  • Trading platforms: MT4, MT5, IRESS, and WebTrader
  • Minimum deposit: USD 100 or equivalent
  • Maximum leverage: 500:1
  • Currency pairs: 60+
  • Spread: Starting from 0.0 pips
  • Negative balance protection under CySEC
  • No requotes and no dealing desk
  • Segregated client funds
  • Personal account managers
  • 24/5 multilingual customer support
  • With demo account

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="NordFX” data-reactid=”336″>NordFX

forex broker philippines - nord fxforex broker philippines - nord fx

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forex broker philippines – nord fx

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best for: Active traders looking for diverse research tools” data-reactid=”357″>Best for: Active traders looking for diverse research tools

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="With more than 10 years of forex trading experience, NordFX[7] manages over 1.5 million trading accounts from almost 190 countries. Its fast trade execution of 0.5 seconds makes it the best forex broker Philippines for those who trade large volumes of assets. NordFX offers copy trading for people who want to try passive investing.” data-reactid=”358″>With more than 10 years of forex trading experience, NordFX[7] manages over 1.5 million trading accounts from almost 190 countries. Its fast trade execution of 0.5 seconds makes it the best forex broker Philippines for those who trade large volumes of assets. NordFX offers copy trading for people who want to try passive investing.

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="NordFX Key Features:” data-reactid=”359″>NordFX Key Features:

  • Regulators: CySEC and Vanuatu Financial Services Commission
  • Trading instruments: Forex, stocks, basic stock indices, cryptocurrencies, oil, gold, and silver
  • Trading platform: MT4
  • Minimum deposit: USD 10
  • Maximum leverage: 1,000:1
  • Currency pairs: 33
  • Spread: Starting from 0.0 pips
  • Research tools: Videos, economic calendar, trading calculator, and in-depth live market analysis
  • 24/5 customer support
  • With demo account

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="FXTM” data-reactid=”371″>FXTM

forex broker philippines - fxtmforex broker philippines - fxtm

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forex broker philippines – fxtm

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best for: Beginners who want to learn forex trading strategies from the pros” data-reactid=”392″>Best for: Beginners who want to learn forex trading strategies from the pros

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="FXTM[8] was launched in 2011 and now has more than three million clients from 180 countries. The company offers&nbsp;copy trading and a wide selection of trading instruments and forex educational tools.” data-reactid=”393″>FXTM[8] was launched in 2011 and now has more than three million clients from 180 countries. The company offers copy trading and a wide selection of trading instruments and forex educational tools.

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="FXTM Key Features:” data-reactid=”394″>FXTM Key Features:

  • Regulators: CySEC, FCA, Financial Sector Conduct Authority in South Africa, and Financial Services Commission of the Republic of Mauritius
  • Trading instruments: Forex, CFDs, precious metals, commodities, stocks, and cryptocurrencies
  • Trading platforms: WebTrader, MT4, and MT5
  • Minimum deposit: USD 100
  • Maximum leverage: 2,000:1
  • Currency pairs: 59
  • Spread: Starting from 0.1 pips
  • Research tools: Videos, webinars, ebooks, and webinars
  • Segregated client funds
  • Negative balance protection
  • Personal account managers
  • With demo account

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Oinvest” data-reactid=”408″>Oinvest

forex broker philippines - oinvestforex broker philippines - oinvest

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forex broker philippines – oinvest

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Best for: Traders looking for lower fees and a simple platform” data-reactid=”429″>Best for: Traders looking for lower fees and a simple platform

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Registered and licensed in Seychelles, Oinvest[9] allows traders to trade over 350 instruments, including forex, in multiple global financial markets.” data-reactid=”430″>Registered and licensed in Seychelles, Oinvest[9] allows traders to trade over 350 instruments, including forex, in multiple global financial markets.

<h4 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Oinvest Key Features:” data-reactid=”431″>Oinvest Key Features:

  • Regulator: FSA in Seychelles
  • Trading instruments: Forex, commodities, stocks, indices, and cryptocurrencies
  • Trading platforms: WebTrader, MT4, and OInvest mobile app
  • Minimum deposit: USD 250
  • Maximum leverage: 400:1
  • Currency pairs: 50+
  • Spread: 0.03 pips to 3.1 pips
  • Segregated client fund
  • Dedicated account manager for Gold and Platinum accounts
  • With demo account

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Final Thoughts” data-reactid=”443″>Final Thoughts

Choosing the right forex broker Philippines is just as important as knowing how to trade currencies. Take your time researching and comparing different online brokers to see which one is the best fit based on your trading needs and preferences. Finding a forex broker Philippines will take time and effort but research is important to ensure you trade with a platform you know and trust.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Sources:” data-reactid=”454″>Sources:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The post Forex Brokers in the Philippines: What New Traders Need to Know appeared first on Moneymax.” data-reactid=”465″>The post Forex Brokers in the Philippines: What New Traders Need to Know appeared first on Moneymax.

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School4Trading Review – How to Spot Possible Forex Broker Fraud

School4trading Review

School4Trading Review – How to Spot Possible Forex Broker Fraud

In this School4trading Review, we will look at the features of the software, as well as the customer support. First, let us look at the interface. The design is simple and easy to navigate. It also provides a chatbot, which helps you to communicate with the broker. The customer service is warm and inviting, which is a hallmark of a good broker. In contrast, a fraudulent broker will use cold and impersonal customer support to lure people in.

Another problem with the system is that the login process is not always intuitive. You may have to retype your password several times to get in. Then, you may experience difficulties withdrawing your funds or accessing your account. In such cases, you might have to wait for days or even weeks before you can withdraw the money you’ve invested. This is not a good sign. It’s better to choose a different trading platform altogether.

If you’re having trouble logging in, you should also check the legitimacy of the broker. Whether the broker is licensed by a reliable regulatory body or closed down, you’ll want to be sure it’s legitimate. If the broker isn’t licensed by the right body, don’t trust him. You shouldn’t waste your time with an inexperienced company. This will only cause you problems in the long run.

The next factor that should be checked is the licensing. A legitimate broker will have a license from a high regulatory body. However, a broker without a license will be unreliable. Moreover, a reliable regulator will take away the license of a scam broker. As a result, a trustworthy School4Broker/Profittrade review should mention fees, account rules, and contract terms. A scam broker will be unable to operate legally.

Secondly, look for warning signs. The broker should be licensed and regulated by a reliable regulatory body. It should be regulated by a high level. If it doesn’t, it’s a scam. Lastly, it should have a website that lets you easily access your account. Moreover, you should not hesitate to check the contact information. If you find any information that seems suspicious, you should reconsider using the broker.

In summary, Forex trading isn’t easy, but it doesn’t have to be complicated. It’s not as difficult as it seems if you’ve heard about the program. You’ll learn everything about the basics and how to become a professional. But if you’re still unsure about whether this program is right for you, don’t hesitate to contact a school4trading’s website.

The most important thing to remember when it comes to Forex trading is that it’s not easy. While it’s important to have a strong background in trading, there are a number of factors that can affect your success. Having a proper plan is vital in the long run, because you will be trading with real money. And, the platform should be reliable. Otherwise, you’ll end up losing a lot of money.

As we’ve mentioned, Forex is not easy. Investing isn’t something you can do in the comfort of your own home. You need a proven system. There are no free trials, so you’ll have to find a way to do it yourself. This isn’t a scam, and it’s a great way to make money without any help. A Forex system can help you learn the intricacies of the market.

Although the process of learning Forex isn’t an easy one, it’s certainly not impossible. Fortunately, there are many people who are willing to take the time to learn how to trade. But, even the most experienced trader needs to be aware of the risks of the market. While Forex trading isn’t easy, it can be done with the right knowledge. The software’s user-friendly interface is key.

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Daily Financial News

Don’t Count On JPY Correction; Staying Long GBP/JPY

The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

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Daily Financial News

Mexico raises interest rates, cites Trump as risk

The head of Mexico’s central bank says U.S. Republican candidate Donald Trump represents a “hurricane” sized threat to Mexico.

Banco de Mexico Gov. Agustin Carstens told the Radio Formula network Friday that a Trump presidency “would be a hurricane and a particularly intense one if he fulfills what he has been saying in his campaign.”

Trump has proposed building a wall along the border and re-negotiating the North American Free Trade Agreement.

Mexico’s central bank raised its prime lending rate by half a percent to 4.75 percent Thursday, citing “nervousness surrounding the possible consequences of the U.S. elections, whose implications for Mexico could be particularly significant.”

Mexico’s peso had lost about 6 percent in value against the dollar since mid-August. It recovered slightly after the rate hike

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