If you’re looking for an online forex broker in the Philippines, you’ve come to the right place. The Philippine Securities Exchange (PSX) is the country’s largest exchange. You can trade in foreign currency by trading in stocks, commodities, and ETF CFDs. The BSP regulates the industry and allows market intermediaries to conduct trading in any market. However, it will not tolerate scams, price manipulation, or money laundering schemes. Instead, it will punish brokers who indulge in these activities. Therefore, choosing a broker regulated by the Philippine Securities Commission (SSC) is a smart decision.
As the Philippine’s only foreign exchange broker, NatureForex is a good choice for Filipino investors. This forex broker offers competitive trading conditions for both newbies and experts. The company has four different types of accounts, each with different features and benefits. The Basic Trading Account provides access to MetaTrader4 and jTrade platforms. It allows customers to start trading with a minimum of $20. All accounts have a range of currency pairs and a low minimum deposit.
If you’re new to trading online, you may want to start by opening a demo account with NatureForex. This type of account lets you test the waters and learn more about the financial markets. The BSP is a young institution that oversees the Philippine financial markets and regulates brokers who offer their services to local citizens. Only regulated brokers comply with the BSP’s rules and regulations. Moreover, they must ensure that they protect their customers’ capital.
The BSP regulates the Philippine currency exchange market. The BSP’s primary responsibility is to supervise the financial markets and ensure that the system is competitive and transparent. It also regulates market players offering their services to the local citizens. The regulation ensures that the regulated brokers adhere to BSP’s regulations and provide quality service. The brokerage is backed by skilled professionals and has a track record of protecting customer capital.
The financial services commission has a liberal role in monitoring the Forex industry. As a result, the commission is responsible for ensuring that regulated firms are legitimate and reputable. Moreover, the FSC has strict guidelines for both clients and brokers. The FSC’s stance is the regulator’s primary responsibility. With this in mind, NatureForex is one of the best choices for forex traders in the Philippines.
Among the many benefits of a nature forex account is the lack of commissions. As a non-offshore broker, the company also offers competitive trading conditions. For instance, NatureForex offers a no-deposit bonus of 50 USD on your first three days. This bonus requires you to make at least 100 trades in the first three days. The minimum duration of each trade should be two minutes.
MT4 is the most common forex trading platform, and its user-friendly interface makes it an excellent choice for beginners and experienced traders alike. It provides a comprehensive set of technical indicators, including a variety of expert advisors. Its web and mobile versions are convenient for comparing different currencies. And, MT4 offers no commission for orders and withdrawals. You can even trade in more than 10 currencies, so you’ll never miss a chance to maximize your profits.
NatureForex has developed a jTrade platform, which is a Japanese trading platform that features a user-friendly interface and fast rate distribution. The jTrade platform’s interface is a web-based application that lets you exchange physical notes for foreign currency. You can use the jTrade platform to trade on the forex market without a bank’s involvement. If you’re new to the Philippines, it’s worth looking into.
Traders can choose between the jTrade platform and the NatureForex jTrade platform. Both of these platforms provide the same functionality for users. The jTrade platform is web-based and accessible from anywhere, so no need to download or install software on your computer. You can access the mTrade platform by going to mypage in your account. Its jTrade module allows you to trade in different currencies.