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Investing in the Philippines

For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines.
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ForexPhilippines

A circle of Filipino Forex Trading, both newbies and seasoned traders. A group for sharing trading ideas.
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Forex Illegal In the Philippines

From what I've heard forex trading is illegal In the Philippines and ive done my research and got some unclear answers can someone clarify this?
submitted by SpeeedHacks to phinvest [link] [comments]

Serious forex traders who are profitable, do you exist here in the Philippines?

submitted by icecrackers to phinvest [link] [comments]

What are your thoughts, experiences or kahit ano na masasabi about sa Learn to Trade Philippines (Forex seminars)?

My jowa sent me this screenshot sa fb about a forex seminar dito sa Baguio this Friday. Told my jowa na gusto ko pumunta since nagkainterest ako sa investments lately dahil na din sa commercial laws na subject namin. Nagpareserve ako ng seat since interesado nga pero sa registration sa site nila, yow bakit parang hindi welcome ang mga students? Biruin mo required i-check yung box that says na working ako. Red flag sakin to for some reason lol. Nagsearch ako onti and behold, may nakita akong post dito sa subreddit natin issuing a warning about learn to trade ph. Gusto ko mag unsubcribe sa email listings nila pero ayaw (sad kabado meh ehh). Anyways, yan ang story ko haha. Natamaan ako sa sinabi ng taklesa naming prof, sabi ba naman, madalas law students at mga abogado pa ang naiiscam. Ano say ninyo sa lumalaganap na investment schemes dito sa Pinas?
submitted by Lerisaaaaa to Philippines [link] [comments]

Philippine police arrests 277 employees in connection to a forex scam

Philippine police arrests 277 employees in connection to a forex scam submitted by alexnes11 to economy [link] [comments]

Philippine Cryptocurrency 2019 - Anyone from Baguio into Forex or Crypto trading by chance?

submitted by hom0_erectus to baguio [link] [comments]

$90 is P4,500 or P45,000? Confetti Philippines failed at forex tonight.

$90 is P4,500 or P45,000? Confetti Philippines failed at forex tonight. submitted by SEND_ME_UR_DRAMA to TriviaAppsPH [link] [comments]

Philippines revises 2019-2022 forex assumptions, 2019 inflation

Philippines revises 2019-2022 forex assumptions, 2019 inflation submitted by Gdog1243 to aboutForex [link] [comments]

Philippines revises 2019-2022 forex assumptions, 2019 inflation

Philippines revises 2019-2022 forex assumptions, 2019 inflation submitted by thefeedbot to OneAmericaNews [link] [comments]

Philippines revises 2019-2022 forex assumptions, 2019 inflation

Philippines revises 2019-2022 forex assumptions, 2019 inflation submitted by karimb12 to euro_news [link] [comments]

OANN: Philippines revises 2019-2022 forex assumptions, 2019 inflation

OANN: Philippines revises 2019-2022 forex assumptions, 2019 inflation submitted by thefeedbot to TheNewsFeed [link] [comments]

Philippines revises 2019-2022 forex assumptions, 2019 inflation

submitted by dreammanalishi to ConservativeNewsWeb [link] [comments]

ELI5 SEC Advisory: Forex Trading is illegal in the Philippines???

submitted by tagapagtuos to Philippines [link] [comments]

SHOULD WE STILL INVEST LOCALLY?

Just a random thought from all these happenings in our country; Philippines with trillions of debt, incompetent governance, daily record-breaker of new COVID19 cases, PHILHEALTH corruption etc etc. Is it still advisable to invest /trade in the local stock market? Or would it be better to start investing globally? How about forex trading?
submitted by sakuraxoxo to phinvest [link] [comments]

Philippines' forex buffer hits 3-year low in April

Philippines' forex buffer hits 3-year low in April submitted by LecheKaFlan to Philippines [link] [comments]

@FT: Fast Asia Open: Philippines balance of payments, Thailand forex reserves https://t.co/R3TYPLU3RP

@FT: Fast Asia Open: Philippines balance of payments, Thailand forex reserves https://t.co/R3TYPLU3RP submitted by -en- to newsbotbot [link] [comments]

[World] - Asia in 3 minutes: bad reviews for a Jackie Chan movie in India, Philippine police and China’s forex | South China Morning Post

[World] - Asia in 3 minutes: bad reviews for a Jackie Chan movie in India, Philippine police and China’s forex | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Bloomberg Launches New Forex Trading & Reporting System in the Philippines

submitted by GridcoinMan to worldnews [link] [comments]

[World] - Asia in 3 minutes: bad reviews for a Jackie Chan movie in India, Philippine police and China’s forex

[World] - Asia in 3 minutes: bad reviews for a Jackie Chan movie in India, Philippine police and China’s forex submitted by AutoNewsAdmin to SCMPauto [link] [comments]

Bloomberg Launches New Forex Trading & Reporting System in the Philippines

Bloomberg Launches New Forex Trading & Reporting System in the Philippines submitted by KellyfromLeedsUK to BreakingNews24hr [link] [comments]

Withdrawing USD Funds from Philippine-Based Paypal Account Using TransferWise Borderless Account

This is a response to u/sgicruz*'s post:* Best way to receive USD payment into a USD savings account? I created a post since this is a bit long comparison.
If you are transferring large amounts of USD from Paypal (i.e. >USD 2,000 at a time), you are forced by Paypal to withdraw in PHP, since you cannot withdraw USD directly to Philippine-based USD accounts. Instead, you can use the TransferWise Borderless Account. The Borderless Account allows you to hold multiple currencies on the account, and also provides USD US Bank Account details (also GBP, Euro, AUD, NZD) which can receive funds via local ACH (automated clearing house). Paypal can withdraw USD funds via US ACH. (There is a verification step before being assigned bank account details: see footnote at the bottom of my post)*
For comparison, below are three scenarios:
  1. Paypal (USD) -> Local PHP Savings Account (PHP)
  2. Paypal (USD) -> TransferWise Borderless Account -> BDO USD Savings Account (USD)
  3. Paypal (USD) -> TransferWise Borderless Account -> Local PHP Savings Account (PHP)
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1. Paypal -> (Withdraw to PHP Bank Account) -> Local PHP Savings Account
Associated fees (sample computation for USD 2,000):
Total fees: PHP 200 (for USD 2,000 sample computation)
(Note: if you use GCash, I think total fee is always PHP 0, subject to wallet and transaction limits)
Exchange Rate (sample for May 8, 2020): 1 USD => PHP 48.9414
Net PHP received thru bank: PHP 97,682.70 (BDO) or PHP 97,882.70 (GCash)
Paypal's PHP-USD buy/sell spread is horrendous at around ~3.0-3.5% compared to the mid-market rate. But this is still a valid option if (1) you are withdrawing small amounts, or (2) you need instant access to cash.
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2. Paypal -> (Withdraw to US Bank Account) -> TransferWise Borderless Account -> (Send USD via SWIFT) -> BDO USD Savings Account
Associated fees (sample computation for USD 2,000):
Total fees: 59.60 USD
Net USD received thru bank: USD 1940.40
If your ultimate goal is to get the funds in PHP, we can try exchanging the USD to PHP via BDO
Exchange Rate (sample for May 8, 2020): 1 USD => PHP 50.0000 (BDO USD Buy rates)
Net PHP received thru bank: PHP 97,020.00
There are a lot of fixed fees, so this will only be economical for large amounts of USD (probably >USD 3,000). In addition, BDO's PHP-USD buy/sell spread is around ~0.5-1.0% compared to the mid-market rate.
Paypal withdrawal to US bank account takes around 1-2 banking days, while SWIFT transfers take around 1-5 banking days.
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An alternative is to send PHP directly from TransferWise. This is cheaper than Paypal or even the USD route described above. This is because TransferWise's exchange rate uses the mid-market rate, and they have transparent fees. In addition, TransferWise -> Local PHP Savings Account settles in minutes, as opposed to the SWIFT USD transfer above (which can take anywhere from 2-5 banking days).
3. Paypal -> (Withdraw to US Bank Account) -> TransferWise Borderless Account -> (Send PHP via ACH [this means Bancnet]) -> Local PHP Savings Account
Associated fees (sample computation for USD 2,000):
Total fees: USD 47.01
Net USD for conversion: USD 1952.99
Exchange Rate (sample for May 8, 2020): 1 USD => 50.4800 PHP
Net PHP received thru bank: PHP 98,586.93
Paypal withdrawal to US bank account takes around 1-2 banking days, while TransferWise USD-PHP ACH (Bancnet) settles in minutes.
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*To receive your own USD bank account details, you're required to "Add Money" at least GBP 20 or its equivalent (maybe USD 25). This is their verification requirement. I recommend adding money using Visa/Mastercard Debit Card: TransferWise has around 4.5% fees for the Debit Card Add Money option, so it's going to cost around ~PHP 60 in fees. I recommend using CIMB ATM card if you have, since they currently (as of May 8, 2020) do not charge forex conversion fees. If not, any Visa/Mastercard debit card will do (including BDO Visa ATM cards).
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TLDR;
For relatively small amounts, withdraw directly from Paypal to PHP bank account. Best choice is Paypal -> GCash (no inward remittance fee).
For larger amounts, withdraw USD from Paypal to TransferWise Borderless Account, then send PHP via ACH (Bancnet) to Philippine PHP Savings account.
But if you want to keep the amount as USD: withdraw USD from Paypal to TransferWise Borderless Account, then send USD via SWIFT to Philippine USD Savings account.
submitted by wdjose to phinvest [link] [comments]

Philippine Forex

Philippine Forex submitted by cdmoz to Forex [link] [comments]

Is Learn To Trade Legit or a Scam?

I got curious about a Learn To Trade ad on facebook so I tried to join the webinar for Learn To Trade. Later on, I dug into google that this might be a scam? Also, found a reddit post confirming it is a scam. Then, I also came across a Abs-Cbn news post that seems to be promoting it.
news
I am no longer interested in taking the webinar but I am now just curious about the truth. Is it really a scam? Is it really illegal?
submitted by ptnthwrk to phinvest [link] [comments]

LIVE DAILY QUIAPO CHURCH MASS TODAY Sept 18, 2020 - 5AM ... Usapang Forex Trading: Basic Overview - YouTube Tagalog Forex Trading Course - Part 1 - YouTube Forex For Beginners PART 2: How to use Metatrader 4 ... Forex Philippines - YouTube

Forex philippines is not any different. Since we are playing in a global market, we don’t have to worry about the country we are in as we can always buy foreign currencies and earn money. Of course, there are advantages though in buying your own currency paired with another currency. You know the local news and news may affect the forex market. “Forex Trading Philippines give support in a friendly touch so that we are able to fully comprehend the business strategies & be on top of our dreams. If you are looking for the best forex community, this is the right place for you, a trading company that you can call your business, your mentor & your home.” Which forex trading company is the most popular with Philippines traders ? According to my private statistics from what I have seen on international fx forums, Filipino traders prefer strong international brands with regulation, they trade mostly with Metatrader 4 and trade mostly currency pairs that include USD and/or JPY. Trading forex (currencies) in the Philippines is popular among residents. While recommended, forex brokers are not required to become authorised by the Securities and Exchange Commission (SEC) to accept residents of the Philippines as customers. The Securities and Exchange Commission is the financial regulatory body in the Philippines. Forex Trading is a kind of short term investing in currency or foreign exchange. Hence the name “forex” and trading as oppose to investing, where the goal of buying a currency is to sell it at a higher price in the future to make a profit.

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LIVE DAILY QUIAPO CHURCH MASS TODAY Sept 18, 2020 - 5AM ...

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