Best Forex Brokers in Philippines!
Forex trading is relatively new in Philippines but number of traders in the country is growing rapidly these last 2 years, and number of Forex Brokers providing services are also growing with increasing number of traders.
Forex Brokers in the Philippines are regulated by the Securities and Exchange Commission (SEC). SEC is a governmental agency responsible for monitoring the securities industry including Forex Brokers, and Forex Brokers in Philippines must be accredited by SEC in order to provide Forex services in Philippines.
As SEC is regulatory body and among their functions, they issue licenses to Forex Brokers, supervise them and has the power to suspend and revoke license when Forex Broker doesn’t abide by SEC regulations.
If you are new to Forex trading or trying to change broker, following Forex Brokers are trusty for you because they are accredited as licensed Forex Brokers.
Licensed Best Forex Brokers XM, HotForex
Trading with XM seems to be the best choice for Filipinos.
XM is offering excellent trading environment, trading platform MT4 and MT5 is very reliable, execution speed is fast generally less than 0.5 second with no requote and rejection.
XM is also putting emphasis on Forex Education offering Webinar in Tagalog and complete set of video Tutorials for trading and customer support in Tagalog too.
HotForex was established in 2008 who was once voted for the Best Online Broker in Asia and awarded and listed on “World Finance 100” in 2017 proving to be one of the best Forex Broker in the world.
HotForex’s trading environment is also very reliable as they are NDD (Non-Dealing Desk) broker. An NDD Forex Broker provides direct access to interbank market such as HotForex passes your order through to liquidity provider or the interbank market that realize fast execution speed and very safe execution.
HotForex is also putting emphasis on Forex Education like XM, is offering Live Webinars in Tagalog, Video Tutorial (Mga Video Tutorial ng HotForex) and E-Course (Pag-aaral ng Forex) in Tagalog.
Thus, HotForex is the one you should consider to choice for your Forex Trading.