Forex Brokers in Philippines.
The Securities and Exchange Commission of the Philippines is the regulator of the forex business in the Asian nation. As a developing economy, Philippines cannot be said to be a major hub for forex brokerage, and the local community is being serviced by U. S. based firms which are regulated under the rigorous oversight that any domestic American broker is subject to. Activities in the Philippines, however, are under the regulatory coverage of the SEC of the Philippines, which is itself modelled on the American system.
Are you interested in forex trading, but nervous about the risks and dangers involved in picking the right forex broker? Do you worry about the complicated task of assessing a firm’s reliability? These brokers that we have chosen for you are overseen and monitored by some of the world`s powerful and credible regulatory bodies, and we strongly suggest that you consider them before making your final decision to become any broker’s client. In any case, you’ve got nothing to lose, and precious information to acquire, so why not take a closer look?
- Over 400k Account Registered.
- More than 250 Trading Instruments.
- MT4, MT5 and Web Trader Platforms.
- Full ECN Trading Model.
- Active 10+ years.
- 40% New Member Bonus.
- Very well regulated.
- Social Trading Platform.
- 24/5 Customer Support.
- 50% FTD Bonus! (non EU Traders only)
- Active since 2001.
- 300+ markets can be traded.
- Social Trading Features.
- Available in 25 languages.
- No Minimum Deposit.
- Very well established.
- 24/5 Customer Support.
- No dealing desk executions.
- Account management for traders on varying experience levels.
- 24/5 Customer support.
- Up to 1:500 leverage with micro-lots (0.01 size) available for everyone.
- Scalping, hedging, trading on the news, and EAs are permitted.

How to trade in forex philippines

Getting involved with currency trading online can actually help earn some alternative income. Invariably, you’ll have to adhere to some of the rules in a bid to have a pleasant ride. It is independent of your location, as you can be in Philippines or anywhere in the world. Your location would not make your trading experience better or even profitable.
First thing you should think about is getting a reliable online broker. The broker of your choice would be saddled with the responsibility of opening an online forex trading account for you. Asides being free from fraudulent activities, your broker of choice should be affiliated to a large financial institution. A vivid example is FXOpen reputation of competence and a flawless business style.
Always go over your broker’s “terms and condition” as regards leverages, carry forward charges, commissions, presence of hidden charges and so on. It is important that you check in Philippines Central Bank to ascertain if your broker is authorized to do business in the country.
It is important to get a footing on this one, as pertain knowing how much funds you can throw into the market (i. e. your trading account). Yes, a lot of brokers out there carter for the needs of varying investors as regards to their investment boundaries, but it finally boils down to the investor and what he finds comfortable to put into his trading account. Select an account that defines your investment goals. In most cases a mini account can go for as little as $50, while a standard account would require a minimum of $1,000. For individuals in Philippines, I’ll advice that you start with a micro account.
Just because you own a trading account with a forex broker doesn’t necessarily imply that you start Forex trading in Philippines right away. If in any way you do not have the right forex education, then it would be wise for you to take some time out and get studying. To get a good head start, you should go back and study historic price data. This would allow you gather and analyze historical trends. This would give you an in-depth overview of the financial instrument’s trend pattern.
Once you have successfully concluded your foreign exchange market analysis, this is an indication that you are probably ready for the market. You’ll then have to get a broker, fund the Forex trading account and carry out a market analysis. Always put behind your mind the fact that forex is a very dynamic marketplace and constant practice is vital, get a forex demo account at FXOpen and test your skills in Forex trading in Philippines.

Yahoo News.
Do you want to invest in forex but are at a loss on where to start? This article will serve as a mini-handbook for beginners to maneuver the world of foreign currencies. This is assuming you already know the pros and cons of forex trading and are fully decided on investing in currencies. If you are entering with a blank slate, it’s best to read this introductory article on forex before you decide to trade.
Trading forex.
Foreign currencies work relatively with one another. Unlike the stock market where a company’s share price is not affected by other stocks in the market, in forex you are betting on one currency against the other.
Let’s say you travel to Hong Kong for a short vacation. You bring Php 5,500 with you and decide to have it exchanged to Hong Kong dollars (HKD). At HKD 1: Php 5.5, your Php 5,500 for pocket money will be converted to HKD 1,000. Once in Hong Kong, you meet up with friends who decide to pay for you, and you end up not spending any of the Php 5,500. Once you get back to the Philippines, you find out that the peso took a beating and the exchange rate is now HKD 1 = Php 6. You then exchange your HKD 1,000 back to pesos, and you get Php 6,000 back. You just made a profit of Php 500. Forex works in the exact same way without you having to go to another country or bank to exchange your money. You can trade forex in the convenience of your home.
Opening an account.
Online trading platforms give you the ease and convenience of buying and selling foreign currencies. Best of all, opening a forex trading account can be done 100% online. Forex trading platforms (mentioned below) provide you with online application forms which you will also be asked to submit together with the necessary documentary requirements which you can just . Even depositing and withdrawing funds can be done via credit or debit card and wire transfers. There’s no need to leave the convenience of your home.
Online forex trading platforms:
Choosing a currency pair.
Trading forex requires time and effort to be able to come up with promising currency pairs. You need to study the markets and economies of the countries whose currencies you plan to trade. You are your own fund manager in forex; thus, in choosing currency pairs, you need to use both fundamental and technical analyses to come up with decisions that will turn a profit.
1. Using fundamental analysis.
As with trading stocks, fundamental analysis provides you with the information you need to pick a promising currency pair. Staying up-to-date with news reports regarding economic and political issues will give you an idea on the value of the currency and how it will perform in the near future.
An example would be the looming Fed hike. The possibility of the US Federal Reserve increasing interest rates shows that the US economy is bouncing back from the 2008 crisis. What this means for other economies, especially those of emerging markets such as the Philippines, is that they run the risk of losing their foreign investors, who will prefer to invest in more stable markets such as the US. We saw how this affected the Philippine peso which reached Php 47, the highest since 2009. Using fundamental analysis allows you to come up with a decision based on facts.
2. Using technical analysis.
Past performance cannot predict future performance – completely. But you can use past data as a reference for future performance. This applies for forex trading as well. Studying the trends and patterns of currency pairs provides statistical and numerical information which are useful in picking when to trade currencies. Technical analysis will allow you to come with a decision based on numbers.
Placing an order.
You’ve opened a trading account and are now ready to trade foreign currencies. After careful fundamental and technical analyses, you’re ready to place an order. In the main page of your forex trading platform, you’ll see a series of currency pairs and their buying and selling prices. You pick the pair you want to trade and click the ‘buy’ or ‘sell’ options. An order form pops up.
Now, you’re confused with the technical terms in the order form. What is a pip, a stop order, and a limit order? To come up with a strategic trade and avoid your losses, understand what the terms mean. Here is a simple explanation for you to be able to place an order:
Pip – the unit used in a currency quote. It is the smallest value by which a quote can change. 1 pip = 0.0001 for currencies displayed to four decimal places. If you choose to trade the currency pair EUR/USD at EUR 1 = USD 1.1250, and the USD loses value and is now USD 1.1255 to a euro, that displays a five-pip increase (0.0005) in the quote.
Stop Order – the order used to set the minimum and maximum price to buy and sell. If you’re buying a currency, the stop order is the limit you set to minimize your losses. Once the currency reaches the amount in your stop order, your order will be processed. You may have lost, but you were able to minimize your losses by placing a stop order.
Limit Order – the order used to set the amount at which you are willing to buy and sell a particular currency. Since forex is an online marketplace for buyers and sellers, the limit order serves as a guarantee that you won’t be overpaying. You can liken the limit order to an auction where you set a threshold – the maximum amount you’re willing to buy an item, or in this case, a currency.
These three terms will be your companions every time you buy and sell currencies. You can’t trade forex (unless you want to risk losing money) without understanding these basic terms.
Diversifying with forex.
As discussed in the introductory forex article, forex is a good way to further diversify your investments. Since you’re trading foreign currencies, you’ll be buffering yourself against local economic downturns by using the currencies of other countries.
At the same time, forex has its drawbacks. Investing in forex requires time and effort. You need to learn to earn, unlike mutual funds and UITFs where a fund manager handles your investments. With this in mind, it is important that you invest with due diligence. As Marvin Germo, author of the Stock Smarts series of books, says, “Don’t listen to your emotions when it comes to investing, and only invest money you can afford to lose.” Protect your money by being disciplined, but at the same time, grow your net worth through investments such as forex.

A How-To Guide for Trading Forex in PH.
Do you want to invest in forex but are at a loss on where to start? This article will serve as a mini-handbook for beginners to maneuver the world of foreign currencies. This is assuming you already know the pros and cons of forex trading and are fully decided on investing in currencies. If you are entering with a blank slate, it’s best to read this introductory article on forex before you decide to trade.
Trading forex.
Foreign currencies work relatively with one another. Unlike the stock market where a company’s share price is not affected by other stocks in the market, in forex you are betting on one currency against the other.
Let’s say you travel to Hong Kong for a short vacation. You bring Php 5,500 with you and decide to have it exchanged to Hong Kong dollars (HKD). At HKD 1: Php 5.5, your Php 5,500 for pocket money will be converted to HKD 1,000. Once in Hong Kong, you meet up with friends who decide to pay for you, and you end up not spending any of the Php 5,500. Once you get back to the Philippines, you find out that the peso took a beating and the exchange rate is now HKD 1 = Php 6. You then exchange your HKD 1,000 back to pesos, and you get Php 6,000 back. You just made a profit of Php 500. Forex works in the exact same way without you having to go to another country or bank to exchange your money. You can trade forex in the convenience of your home.
Opening an account.
Online trading platforms give you the ease and convenience of buying and selling foreign currencies. Best of all, opening a forex trading account can be done 100% online. Forex trading platforms (mentioned below) provide you with online application forms which you will also be asked to submit together with the necessary documentary requirements which you can just . Even depositing and withdrawing funds can be done via credit or debit card and wire transfers. There’s no need to leave the convenience of your home.
Online forex trading platforms:
Choosing a currency pair.
Trading forex requires time and effort to be able to come up with promising currency pairs. You need to study the markets and economies of the countries whose currencies you plan to trade. You are your own fund manager in forex; thus, in choosing currency pairs, you need to use both fundamental and technical analyses to come up with decisions that will turn a profit.
1. Using fundamental analysis.
As with trading stocks, fundamental analysis provides you with the information you need to pick a promising currency pair. Staying up-to-date with news reports regarding economic and political issues will give you an idea on the value of the currency and how it will perform in the near future.
An example would be the looming Fed hike. The possibility of the US Federal Reserve increasing interest rates shows that the US economy is bouncing back from the 2008 crisis. What this means for other economies, especially those of emerging markets such as the Philippines, is that they run the risk of losing their foreign investors, who will prefer to invest in more stable markets such as the US. We saw how this affected the Philippine peso which reached Php 47, the highest since 2009. Using fundamental analysis allows you to come up with a decision based on facts.
2. Using technical analysis.
Past performance cannot predict future performance – completely. But you can use past data as a reference for future performance. This applies for forex trading as well. Studying the trends and patterns of currency pairs provides statistical and numerical information which are useful in picking when to trade currencies. Technical analysis will allow you to come with a decision based on numbers.
Placing an order.
You’ve opened a trading account and are now ready to trade foreign currencies. After careful fundamental and technical analyses, you’re ready to place an order. In the main page of your forex trading platform, you’ll see a series of currency pairs and their buying and selling prices. You pick the pair you want to trade and click the ‘buy’ or ‘sell’ options. An order form pops up.
Now, you’re confused with the technical terms in the order form. What is a pip, a stop order, and a limit order? To come up with a strategic trade and avoid your losses, understand what the terms mean. Here is a simple explanation for you to be able to place an order:
Pip – the unit used in a currency quote. It is the smallest value by which a quote can change. 1 pip = 0.0001 for currencies displayed to four decimal places. If you choose to trade the currency pair EUR/USD at EUR 1 = USD 1.1250, and the USD loses value and is now USD 1.1255 to a euro, that displays a five-pip increase (0.0005) in the quote. Stop Order – the order used to set the minimum and maximum price to buy and sell. If you’re buying a currency, the stop order is the limit you set to minimize your losses. Once the currency reaches the amount in your stop order, your order will be processed. You may have lost, but you were able to minimize your losses by placing a stop order. Limit Order – the order used to set the amount at which you are willing to buy and sell a particular currency. Since forex is an online marketplace for buyers and sellers, the limit order serves as a guarantee that you won’t be overpaying. You can liken the limit order to an auction where you set a threshold – the maximum amount you’re willing to buy an item, or in this case, a currency.
These three terms will be your companions every time you buy and sell currencies. You can’t trade forex (unless you want to risk losing money) without understanding these basic terms.
Diversifying with forex.
As discussed in the introductory forex article, forex is a good way to further diversify your investments. Since you’re trading foreign currencies, you’ll be buffering yourself against local economic downturns by using the currencies of other countries.
At the same time, forex has its drawbacks. Investing in forex requires time and effort. You need to learn to earn, unlike mutual funds and UITFs where a fund manager handles your investments. With this in mind, it is important that you invest with due diligence. As Marvin Germo, author of the Stock Smarts series of books, says, “Don’t listen to your emotions when it comes to investing, and only invest money you can afford to lose.” Protect your money by being disciplined, but at the same time, grow your net worth through investments such as forex.