Lesson 1: What is the currency market?

Rod Broker Trading
This is guys is awesome teaching Forex 101. If you are newbies, this is best to learn their teaching is can help you a lot to grow and deeper understand in the market. Informatic and resourceful teaching.

Continue reading →

Top Broker in the Philppines

Top Broker in the Philippines

BSP stands for Bangko Sentral ng Pilipinas, which is the local regulatory body for Forex brokers in the country. The Philippines are known as a developing market for broker companies, and the BSP makes sure that the locally registered brokers abide by rules and regulations.

The Future of Trading: Top Forex Brokers in Philippines

As we’ve already said, the Philippines seem to be a promising location for, first of all, Forex broker companies, but also for traders. The market seems to be past poor regulation and loose conduct. Many international Forex broker companies established their seats in the Philippines for natives and for all other traders who would like to get a taste of the Forex thrill in Asia. To find a top Forex broker in the Philippines, traders and newcomers should run the basic research and subject themselves to the same procedure as in any other country. First of all, it is important to find a Forex broker who complies with the law and the strict regulations imposed by the regulator. We would kindly suggest finding a BSP licensed Forex broker who meets the high standards of the industry. A licensed broker gives you security in the highly volatile and risky market. You need a trustworthy and reliable broker who offers you legal protection in the event of any irregularities. Once you’ve been able to locate such a broker, conduct further due diligence, finding out about their history, options they offer, customer support, and their general attitude towards clients. It is always better to spend extra few days researching the broker then putting your money in and having regrets later. A special concern, even with the best Forex brokers in Philippines, will be their KYC procedures. Check them out beforehand and make sure you are fine with them. Ask what types of documents they require during the verification process and check if you can provide such documents. Failing to pass identity verification can cause you a lot of headache and could even lead to your money being trapped, which is something you most certainly want to avoid.

1. FBS

Founded in 2009, FBS is an online forex broker which quickly gained momentum and still maintains a sterling reputation amongst traders, achieving a steady rate of new membership of 7,000 daily, even a decade later. Forex isn’t the only market that FBS provides for its membership of over 13 million traders, with CFDs, stocks, and more are also tradeable with leverage of up to 1:3000 (for non-EU customers only) and no commissions accompanying the majority of instruments and accounts.

In over 190 countries, FBS instills confidence among traders thanks to strict regulation from CySEC and the IFSC, and rock-solid trading foundations built on a hybrid Straight Through Processing and Electronic Communications Network model. Accordingly, FBS traders enjoy some of the lowest capital requirements in the industry and will appreciate a thorough selection of trading education videos and articles on the FBS website as well. Matched with an expansive selection of account types and extras, FBS capably welcomes and helps to nurture every type of trader.

2. XM

XM is an online broker and trading website that allows clients to trade a range of assets. Founded in 2009, XM group provides traders with the full MetaTrader platform suite by MetaQuotes Software Corporation.

XM Group has evolved into an online multi-asset broker offering 57 currency pairs and 1000 CFDs. Five CFDs on cryptocurrencies are also offered covering Bitcoin, Dash, Ethereum, Litecoin and Ripple.

3. FXTM

FXTM was founded just over 8 years ago in 2011 with a mission to provide the best possible trading standards paired with impressive educational resources and advanced trading tools. ForexTime, known as FXTM, offers trading in spot metals, CFDs and indices as well as currency pairs

4. Hot Forex

The HotForex brand is owned by the “HF Markets Group” and was founded in 2010 in St. Vincent and the Grenadines. HF Markets Group encompasses the HotForex and HF Markets brands, and the following specifications are applicable only to HF Markets (SV) Ltd. The Head office is located in Cyprus while another office is in Kingston, St. Vincent & the Grenadines. HotForex offers multiple trading instruments on the MetaTrader platforms across cryptos, bonds, commodities, indices and currency pairs. They work on an ECN/STP model which means that they pass the trades on through third party liquidity providers rather than taking the other side of the trade themselves. This means no conflict of interest with clients and lower spread.

5.Alpari

Alpari Group is a foreign exchange, precious metals, and CFD broker that has a record of insolvency and regulatory difficulties. The company's UK entity entered insolvency on January 19, 2015, following heavy losses trading the Swiss franc against the euro.

6. AVATRADE

AvaTrade has been an innovative pioneer in online trading since 2006. The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

7. HYCM

Headquartered in the CIty of London, HYCM is part of the Henyep Group, an International conglomerate with a 40 years background in businesses including financial services, property and charity. 

8.INSTAFOREX

InstaForex was established in 2007 by Instaforex Group for providing top-quality brokerage services to clients worldwide, particularly those from the CIS countries, southeast ASIA and Eastern Europe.

9. ATFX

ATFX, founded in 2014 by a parent company with a background in the institutional brokerage industry, is a Forex / CFD broker headquartered and regulated in Cyprus under CySEC. They state that they operate an ECN (electronic communications network) model, using STP (straight through processing) technology, without any dealing desk interference. A wide range of assets for trading are offered, in over 42 Forex currency pairs, 9 major stock indices, and a few major commodities (gold, silver, and crude oil).

10.PEPPERSTONE

Pepperstone was founded in 2010 in Melbourne, Australia by a team of experienced traders with a shared commitment to improve the world of online trading. Frustrated by delated executions, expensive prices and poor customer support. we set out to provide traders around the world with superior technology, low-cost to spreads and a genuine commitment to helping them master the trade. 

Continue reading →