List of Crypto Exchanges in Philippines
Below are the list of crypto exchanges providing service for clients around the globe from Philippines. The crypto exchanges are ranked by their cyber security scores, whose measurement is provided by cer.live.
If you need to find a shorter way of filtering the exchanges, sort the list based on other features such as the year established, fee, margin trading, and fiat deposit.
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Is forex trading legal in the Philippines?
It's 100% legal to trade forex in the country if the broker is authorized by the local Securities and Exchange Commission (SEC). The SEC oversees forex trading to ensure that it is conducted in a fair and transparent manner. So, there's no prohibition law for forex trading in the Philippines.
However, the public's confusion regarding the legality of forex trading in the Philippines stems from the SEC statement titled "Forex Trading Is Illegal In The Philippines" on October 30, 2018. Any Philippine residents who want to trade forex should know three key points from the advisory:
- The public is advised to stop forex trading and investing in foreign platforms for forex, CFD, indices, binary options, etc.
- The public is advised to avoid anyone who promotes such financial products because they have no license to facilitate trading in the Philippines.
- The public is encouraged to report anyone who promotes such financial products to the Enforcement and Investor Protection Department (EIPD).
Continue Reading at Best Forex Brokers in Philippines
Why are offshore brokers ideal for traders in the Philippines?
Offshore brokers accept clients from any country without limitations. Therefore, they become an ideal option for Philippines traders who want to trade forex in their country. In terms of legality, offshore brokers typically have regulations from entities like:
- International Financial Services Commission (IFSC) Belize
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Services Authority (FSA) regulates financial services in various countries such as Seychelles, Saint Vincent and the Grenadines, and so on.
- Vanuatu Financial Services Commission (VFSC)
- Cayman Islands Monetary Authority (CIMA)
Continue Reading at Best Forex Brokers in Philippines
What are the most important factors when choosing brokers in the Philippines?
- Regulated as offshore brokers.
- Provides deposits and withdrawals via local banks or any other payment methods.
- Supports Philippines Peso (PHP) as account currency.
- Supports the Filipino language (Tagalog) in the official website, mobile app, and customer support.
- Allows bonus promotions for Filipino traders.
Continue Reading at Best Forex Brokers in Philippines
How to avoid artificial slippage in ECN brokers?
There are two steps you may take to avoid falling prey to artificial slippage:
- Steer clear of stop orders and make use of limit orders instead.
- Add decreased slippage parameters to your expert advisors (in case you are using EA).
Continue Reading at Can ECN Brokers Cheat on You?
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