The 21st century is the age of online business and trading which inspires millions of experienced and novice businessmen to earn and learn through an active broker. While there are many online brokages online, it’s necessary to identify good brokages which aren’t scam. To check the authenticity of a forex broker, you must ask people who are working in that area and the rating of the broker tells everything as well. Also, to start trading online, you just need to make an account and bank account. With online trading, it becomes a lot easier to trade.
PocketOption Trading company:
The Pocket Option is one of the best brokers online which is a part of Gemell Limited holding, and it was founded by professionals. The company provides you binary options while trading through the OTC market access. The Pocket Option is trying it’s best to provide you with clear, simple, and convenient trading. The account currency is in USD and the minimum deposit is almost $5 which is the minimum deposit so far. If you want to know more about the pocket option then you must check the pocket option review. It will help you to get the basic understanding of this broker. The pocket option only works with those accounts that work through the Traders Union website.
Advantages of the pocket option:
Some advantages of the pocket option are giving below:
1- The pocket option is a social trading platform that generates passive income for you. So it’s a best try for the novice traders.
2- The first deposit is so low as compared to the other brokerages. You can enter the market by just depositing $5.
3- Like many other brokerages, you can learn and earn at the same time. You just need to follow the conditions and terms of the broker.
Disadvantages of the pocket option:
When you are starting online trading, you must be aware of the disadvantages of the brokers as well. Because nothing comes without disadvantage. Perfection is evil and you must avoid it. Again by checking out the disadvantages, you can make sure what you shouldn’t expect from the frox broker. Some disadvantages of the pocket option are as follows:
1- If you want to trade through MetaTrader 5, you need to deposit extra money which is around $1,000.
2- The PocketOption isn’t a licensed regular broker.
3- Also it does provide you training, but it lacks quality training.
4- Withdrawal of money is quite slow if you want to draw out your money.
5- The support system is very slow and it responds back in 24-48 hours which is quite slow.
6- Your privacy should be taken care of by the company, but your identity and phone verification are mandatory.
Overall, PocketOption isn’t a licensed broker yet it is the best place if you want to start on minimum deposit. If you don’t need training as you are an experienced trader, then the pocket option is the best place to trade.
Best Forex Brokers Philippines for 2021:
In the Philippines, forex trading is becoming popular as the days are passing and the world is moving towards innovation. If a Filipino is well aware of the investment, online trading, and options available for him, he can start earning at a wide scale. But it isn’t easy to start trading online because many people don’t even know from where to start. Here are the best forex broker Philippines that you must check before trading online. They are all famous worldwide and millions of people are learning and earning from them on a daily basis.
eToro is the most award winning forex broker and it provides you the copy trading platform. It also consists of many instruments and it is regulated by FCA and CySec. It is working with people working from the Philippines. The minimum deposit is $50.
2- Interactive Brokers
Interactive Brokers is regulated by CFTC, FINRA, SEC, and NFA. It is working in the Philippines as well with a deposit of $0. The broker gives you strong research instruments and tools. You must try it if you are from the Philippines.
Another broker that provides you services in the Philippines with easy and simple account opening terms. Also, free withdrawal and deposit if you want. It ‘s regulated by SCB, FSCA, and CySEC. The minimum deposit of FxPro is $100.
4- Admiral Markets
Admiral Markets’ required minimum deposit is almost $100 and it is another broker that is working from the Philippines. One advantage is that you can get free commission accounts if you are working with them. The trading tools are very advanced.
AvaTrade is regulated by FSA, FFAJ, ASIC and the minimum deposit is $100. You can work from the Philippines as this broker provides you low fees, simple account opening methods, and free withdrawal and deposit of money.
Tickmill is another international broker that works in the Philippines as well with the minimum deposit of $100. The forex broker is regulated by FSA, FSCA, and FCA and the fee is very low if you are working with Tickmill. Last but not least, Tickmill provides you with the best research tool as well.
FBS is the best place to start with if you are a new trader as it’s commission fee is free, and it also provides you with the CopyTrader option. The minimum deposit is $1, and you must give it a chance because you won’t regret it.
IG is certainly the best broker so far because it provides you with first class web trading, the best educational tools to learn, and a good deposit and withdrawal option. The broker is regulated by FCA, NFA, and CFTC.
There are many other online forex brokers such as Exness, OctaFx, Saxon Bank, FXCM, CMC Markets, XTB, Swissquote, Pepperstone, City Index, HYCM, and Axi. These are all working from the Philippines, and you can choose a broker according to your choice and need. Again, the selection of brokers is something that depends on personal experiences. What works for one person may not be convenient for the other. So you must choose wisely.