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Facts and Fiction...on local Forex Brokers in the Philippines...

Track_Ball · 41 · 10361

Track_Ball

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Brothers and Sisters in The Industry,

 :help: :help: :help:
Lets all give insights on Facts and Fiction about these Brokers
   Name ,,,  Office Location,,  Services,,  License and affiliations and the
   others things we need to consider before placing our accounts with them
   Im making this sort of a survey,, directory type of topic, to lay inputs and other
   information on the brokers operating locally...

Lets all help, and share insights... i will aslo make my own research and share it here...
i' m not much of an experienced person regarding this topic that is why information like this would really help a lot...

Thank you Guys !!! :thankyou:

Post Merge: Feb 04, 2012, 10:14 AM
Lets see first names of company operating locally...

From what i know...
Millenium (Ortigas, Tektite)
Zone Equity / Hall Gold - just saw from the forum topics
Winwood Group Limite - Salcedo Makati (i hope im correct with the address)

« Last Edit: Feb 04, 2012, 10:14 AM by Track_Ball »


ferrariEverest

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in general, umiwas kayo sa local "brokers" kung ayaw nyo masunog pera nyo.

walang regulated retail FX broker sa Pinas, as far as i know.
andaming int'l regulated at reputable brokers. napakadali mag-apply & setup ng account.


jmiyake

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in general, umiwas kayo sa local "brokers" kung ayaw nyo masunog pera nyo.

walang regulated retail FX broker sa Pinas, as far as i know.
andaming int'l regulated at reputable brokers. napakadali mag-apply & setup ng account.

Exactly...hindi member or walang charter ang FSA jan sa pinas, kaya...iwas nalang..

Being registered with the SEC doesn't mean na reliable na yung company...It just means it can operate within the philippines yun lang...


Track_Ball

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Exactly...hindi member or walang charter ang FSA jan sa pinas, kaya...iwas nalang..

Being registered with the SEC doesn't mean na reliable na yung company...It just means it can operate within the philippines yun lang...

Yes i some how agree with these comments...
Question again.... local FX Brokers...charge commission?? Odd?
Why????

Post Merge: Feb 05, 2012, 08:39 PM
For the benefit of our forumers,,,can we identify these local brokers...just to warn and and make us aware of these brands...
« Last Edit: Feb 05, 2012, 08:39 PM by Track_Ball »


jmiyake

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Yes i some how agree with these comments...
Question again.... local FX Brokers...charge commission?? Odd?
Why????

Post Merge: Feb 05, 2012, 08:39 PM
For the benefit of our forumers,,,can we identify these local brokers...just to warn and and make us aware of these brands...

they charge commission maybe to maintain the competitive spreads, because they are just partners with other brokers. They can't come up with the capital needed so they instead become a retailer of a retailer...


ferrariEverest

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Sir Track,
may commission... yung iba commision PLUS spread
dont waste your time... kung gusto mo mag open account. wag dun sa local FX brokers.


AViBa

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Sir Track,
may commission... yung iba commision PLUS spread
dont waste your time... kung gusto mo mag open account. wag dun sa local FX brokers.

Panalo pala ang brokers sa ganitong Deal...manalo matalo client  ---Panalo pa din sila..
Ang tanong may mga nag tatangkilik ba sa kanila.... kulang lang siguro sa tamang pa alala...

salamat sa ganitong Forum...newbies like me may mga nakukuhang magandang information...
« Last Edit: Feb 06, 2012, 05:19 PM by AViBa »


ferrariEverest

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^ yes Sir, parang casino, almost always panalo sila.

kung existing parin yung local 'brokers', most likely active sila sa paghahanap ng clients at new employees.
todo iwas na lang po kayo sa kanila.


papito13

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I still hope that there will be a decent local broker, pero sad to say wala tlga sa ngaun. sobra sobra sila managa ng mga trader sa commissions at wide spreads at ang masama pa madaming hidden agenda kaya sobrang liit ng chances na kumita sakanila. luckily meron tayong forum dito na nag papaalala..


AViBa

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Nagtataka naman ako sa mga ibang kapatid natin ...bkt sila or bakit meron parin mga naloloko (i hope my term is correct) ng mga local brokers na ito...may choice naman,,,tapos mas gusto mo pa sa may tinatawag na house commission...

Ibig sabihin persistent at magaling mga ahente nila,,, :applause:


HHenry

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Admiral Marktes Philippines ( admiralmarkets.ph)
Ayala Triangle, Ayala Avenue, Makati City

-Friendly People
-Licensed locally and internationally
-Provides forex seminars for Pinoys
-Low spreads
-free demo account at webinars

I recommend them kasi may effort to educate especially here in the country na di masyadong madali makakuha ng info at expert's advice about forex. I hope these helps.  :cool2:


ferrariEverest

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^ 'effort' to educate is part of their marketing.
magse-setup ba ng branch ang isang international company kung walang nakikitang mapapala dito?

wag nyo po sana lituhin yung mga new traders.
wag nyo pabanguhin yang company.
just state the facts, wala ng flavoring.

by the way, brokers are not necessarily experts sa forex/trading.
but most of them are expert in taking clients' monies. (sunog pera)
hindi madali ang forex/trading & they know it & take advantage of it.


FYI, na-email ko na ang FSA sa UK (financial regulator sa UK) a few months ago.
'EEA Authorised' lang ang license nila sa UK, meaning, pag nagkaproblema with Admi ral ang isang client, hindi sakop ng FSA ang complaint &/or compensation.

ang ok na broker registered & 'Authorised' sa
UK FSA
US CFTC/NFA,
Australia's ASIC, among several others...
« Last Edit: Jun 26, 2012, 01:16 PM by ferrariEverest »


calbert

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Sir Fe what international forex broker po ba will you recommend, and how to open account with them. Tnx in advance.


ferrariEverest

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Sir san location mo?
any broker basta ideally matagal na & registered dun sa authorities na binanggitko sa itaas.

start mo research mo with: (good/ok brokers in my opinion)
Oanda, dukascopy, MBT, interactive brokers, divisa capital.
hanggat maari wag magtrade live sa MT4 platform. dun ka magtrade sa other platforms (kung available). gamitin mo mt4 pang-charting lang.

remember Sir, bawat broker may + & - so pili ka na lang.


vheilugto

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Sir FE, what other flatform can we be used other than MT4? kasi kagabi kakadownload ko plang ng MT4 from oanda e. demo account plang..

I'Ll try to learn it for 6 months or more.. bago ako mglive account.


 


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