Yahoo Web Search

Search results

      • The Securities and Exchange Commission (SEC) of the Philippines has declared foreign exchange trading illegal in the Philippines. Retail traders in the Philippines are advised not to trade currency pairs in any manner until forex trading gets regulated. However, international forex brokers still accept clients from the Philippines.
  1. People also ask

  2. SEC ADVISORY. 30 October 2018. FOREIGN EXCHANGE TRADING IS ILLEGAL IN THE PHILIPPINES. The public is hereby advised to STOP engaging in Foreign Exchange Trading and to STOP investing in foreign-registered investment platforms of commodity futures, contracts for difference, indices, binary options and the like.

    • 290KB
    • 1
  3. This is to prevent the illegal movement of funds across borders and ensure compliance with foreign exchange regulations. It is important for forex traders in the Philippines to be aware of these regulations to avoid any legal issues or financial losses.

  4. Is Forex Trading Legal in The Philippines? Yes, Forex Trading is legal, popular and well-regulated in The Philippines. At what age are local investors allowed to trade Forex in The Philippines? There is no set age for local investors to trade in Forex.

  5. Oct 31, 2018 · FOREIGN EXCHANGE TRADING IS ILLEGAL IN THE PHILIPPINES. Date Posted: 31 October 2018. The Commission advises the public that persons and entities acting as brokers, salesmen or agents of these securities have NO LICENSE to engage or deal in any manner with FOREIGN EXCHANGE TRADING and should therefore be AVOIDED or IGNORED.

  6. Forex trading in the Philippines is a subject of ongoing debate, with some sources indicating that it’s considered illegal. The Securities and Exchange Commission (SEC) reportedly declared forex trading illegal due to multiple scams and fraudulent activities.

  7. May 1, 2024 · For starters, it is completely fine to learn about forex, attend seminars, and even get a demo account with a foreign forex broker to practice. Strictly speaking, it is only illegal to solicit funds from groups of people in the Philippines to trade forex and to run a forex trading business or brokerage.

  8. Nov 5, 2023 · Forex trading in the Philippines has been deemed illegal by the Securities and Exchange Commission (SEC) because of numerous scams and fraudulent financial advisors that have resulted in significant losses for Filipinos. Although, trading is permissible if all established rules are followed.

  1. People also search for