Binaryoptions.com publishes all articles according to strict editorial guidelines. Through our experienced authors and control system, we publish fact-checked and verified content. We also update our existing content by the newest information and provide our readers the latest news. 
Following the overall Asian trend, more people are trading binary options in the Philippines. However, local brokers and agents are pushing advertisements for one platform or another, so the market is not as clean as it should be. It is understandable that there have been some frauds along the way, considering the number of legitimate and fraudulent brokers vying for the same local market.
However, this has not diminished interest in digital trading options. In this article, we will explain to you how to trade and invest in Binary Options if you are from the Philippines and make clear research about its leaglitay status.
A step-by-step guide to trade binary option in the Philippines
What you will read in this Post
#1 Pick an available binary options broker in the Philippines
Utilize broker evaluations, a variety of comparison tools, and other resources to select the best binary trading platform for you. Options fraud used a serious problem. Binary options were used by unlicensed and dishonest traders as a new exotic commodity. These businesses are disappearing as a result of regulators taking action, but traders still need to look for registered brokers. Binary options Philippines-based traders can use any of the following brokers:
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
250+ Markets
- Crypto options
- Multiple payment methods
- High profit up to 88%+
- User-friendly interface
- Personal support
- Fast registration
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
from $10
(Risk warning: Trading is risky)
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
from $50
(Risk warning: Trading is risky)
250+ Markets
- Crypto options
- Multiple payment methods
- High profit up to 88%+
- User-friendly interface
- Personal support
- Fast registration
from $ 10
(Risk warning: Your capital can be at risk)
Quotex
On the platform, Quotex has been able to offer all of the trading tools that are effective and simple to use. Indicators, graphic tools, charts, sophisticated financial products, deposit and withdrawal methods, and other features are all included on the site so that each user may find what they need. A digital options broker featuring a user-friendly web-based platform is Quotex.
Additionally, it provides copy trading and a signals service. The minimal deposit amount for this brokerage is just $10. Fund withdrawal costs apply, and Quotex Philippines also offers a tempting 30% sign-up incentive. As a result, trade among Filipinos is relatively simple.
Features
- Accepts international clientele
- Minimum deposit is $10
- $10,000 demo
- A reputable platform
- Significant profit, up to 95%
- Quick withdrawals
(Risk Warning: Your capital can be at risk.)
Pocket Option
Online brokers for binary options and forex trading are both available through Pocket Option. Through web-based tools, mobile applications, or MetaTrader 5 software, traders have access to more than 100 trading resources. The company that runs “Pocket Option” is Gambell Limited Company, and its registration number is 86967.
Its address is the Trust Company Complex, which is on Ajelteke Road in Ajelteke Island, Majuro, Marshall Islands. Their professional experience indicates that it is a trustworthy offshore broker for investing in many marketplaces.
Features
- A reliable and secure platform
- $50 is the minimum deposit
- A $10,000 free demo account
- More than 100 distinct assets
- 24/7 trading
- High return of at least 95%
- Support for several languages
- Cash-back initiative
- Bonuses
(Risk Warning: Your capital can be at risk.)
Focus Option
One of the broadest collections of digital contracts for crypto is provided by Focus Option. Along with a large selection of new tokens and stablecoins, they provide access to Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP).
With a $10,000 demo account balance, new traders can evaluate the broker’s offerings. A real-money account can also be opened by investors with a minimum deposit of $10.
Four account tiers are available. Additional benefits are available to traders who are active. These include quicker withdrawals and deposits, real-time market indications, and access to VIP events only available to members.
Features
- One-click trading
- Turbo binary options
- $10 minimum deposit
- Up to 90% in payouts
- Cryptocurrency payment options
- Low latency connectivity
- A wide range of cryptocurrency binary options
(Risk Warning: Your capital can be at risk.)
#2 Sign up for a trading account
Since most websites request these data upon registration, they are often relatively common. Your first & last name, country of residence, selected currency, password, email address, and preferred payment method are all included.
In some circumstances, you may also be asked for the phone number, which will be used to either verify your identification or to contact assistance when necessary. Support over the phone has grown to be quite popular among binary options brokers, and these days many operators make use of it to give users of their services a quick, practical, and simple way to get in touch with the support team.
When you join up, some brokers will ask for your payment details, although this is less usual because many traders choose to utilize a demo account first.
(Risk Warning: Your capital can be at risk.)
#3 Use a demo or live account
Demo accounts, which are available for free, are thought to be one of the finest methods to hone your trading abilities and try various trading techniques. Demo accounts generally function similarly to real money accounts, with the exception that you will be using virtual/demo money rather than actual money.
Trading using demo accounts is permitted by almost all binary options brokers, but in rare instances, you can find a broker that does not accept them. Because of this, it’s crucial to regularly review the features your broker offers.
If the trader has any past expertise, he can start trading right away on real accounts.
#4 Pick an asset to trade
Commodities, equities, cryptocurrencies, foreign exchange, and indexes are a few examples of assets. Consider the price of oil or Apple’s share price, for instance. Depending on the broker, different people can trade a different amount and diversity of assets.
The majority of brokers provide well-liked assets such as important stock indexes such as the FTSE, S&P 500, and Dow Jones Industrial, as well as famous currency pairs like EUR/USD, GBP/USD, and USD/JPY. Additionally, commodities like gold, silver, as well as oil are frequently offered.
Additionally, you may trade particular stocks and securities with several binary brokers. You are going to be able to select from a group of between 25 and 100 large stocks, such as Google and Apple, albeit not every stock will be offered.
#5 Make an analysis
You are ready to proceed once you have decided on an underlying asset. The major concern is whether the asset price will increase or decrease in the future. You must make this forecast. You’ll need to identify market patterns and apply indicators to examine the underlying asset in order to get the answer to this query.
To maximize your earnings, it is crucial to have a good approach. To generate trade ideas and create your trading strategy, use technical analysis. You can also benefit from the numerous educational resources that many Binary Options firms provide.
#6 Place the trade
Remember that the entire investment is at risk; thus, you should carefully examine the trading amount. The trader can now execute the deal after selecting an asset.
#7 Wait for the result
To make the deal, select Up / Call or Down / Put after determining your investment amount. Some brokers require an additional click in order for you to confirm the deal. It’s now time to wait for your trade to expire. Some brokers enable you to cancel deals before the expiration period has passed. By doing so, you can lessen the effects of a bad choice by doing so when the trade reaches a specific price.
What is a binary option?
Binary options are straightforward financial products with only two possible outcomes: winning or losing. You must make a direction prediction for an asset’s value, such as whether it will go up or down. In the event that you are right, you get a percentage as a return on the investment and win the deal. If you’re incorrect, you’ll lose all you invested. The nicest thing about them is how easy they are to use and how well they reduce risk because just the amount invested in the transaction may lose money.
With binary trades, users may also use leverage to increase their stakes. However, if you make an incorrect prediction, this can also enhance your loss, so you must exercise caution. Additionally, dependent on a set time range, binary options end when this point has been reached. This gives the trade more freedom and enables you to fit the transactions into the desired schedule.
Is binary trading legal in the Philippines?
Filipino traders of binary options are now treading carefully. Although binary options trading is regarded as unlawful, it continues to grow because of weak enforcement. Although it is impossible to predict the SEC’s position going forward, Filipino traders willing to take a chance should ensure they only work with licensed companies.
Payment methods for traders in the Philippines
Filipino traders do the majority of their deposit transactions via bank wires as well as credit/debit cards. The usage of digital wallets is not extremely common in the Philippines, although it is growing.
Bank wire
All Filipinos may do bank transactions using this approach, which is universal. The ability of banks in the Philippines to buy foreign exchange further encourages the usage of bank wires.
Credit/debit cards
Credit/debit cards provided by banks in the Philippines are not accepted by all binary options companies.
Digital wallets
International digital wallets like Skrill, Neteller, and Webmoney are growing in popularity among Filipino traders. The inclusion of various regional e-wallets, including WeePay DragonPay, JuanPay, PesoPay, PayEasy, Smart Money, and GCash, has contributed to its popularity in part. These regional e-wallets work with regional bank cards as well.
How to deposit and withdraw?
How to Deposit?
The ability to fund your trading account will be available to you once you have signed in to the account or created one. This will allow you to begin trading. Select “deposit” to add money to your trading account. When you do this, you will be able to choose from a variety of payment options, determine which one best matches your needs, and then input the amount you want to exchange.
How to Withdraw?
Make sure to be signed into the trading account before making a withdrawal. Select the Withdraw option. Upon clicking it, you will be presented with the various withdrawal payment methods that are supported by the platform. After making your choice, enter the withdrawal amount.
(Risk Warning: Your capital can be at risk.)
Pros and Cons
Pros
Free trading demo accounts
Brokers give you the option to establish free demo trading accounts with fictional funds. This enables novice traders to trade binary options risk-free using data that is current. It is a fantastic opportunity to practice the trading technique and become accustomed to this type of trading.
Trade Anywhere, Anytime
Traders have access to the world market whenever it is open from any location.
Risk and reward that are predetermined
Before entering a deal, consumers are well aware of the dangers and potential profits associated with binary trading.
Cons
Trading against the house
Binary options are comparable to sports betting in that the broker reveals bets, and you either win or lose. It is also important to understand that you are only betting on the progression of an underlying asset and that you do not own anything. The only thing that exists is a deal between yourself and the broker. The house always prevails, so keep that in mind!
A fraud risk
Be very careful to work with a reputable broker if you decide to trade binary options. There are numerous phony offers and brokers in this industry, which is highly vulnerable to fraud. Always exercise caution when dealing with websites or people that lure you with “100% guaranteed” offerings.
(Risk Warning: Your capital can be at risk.)
Risks of binary options trading
Market Risk
Trading binary options might come with general market risk, just like other types of investments. Markets may and frequently do move unexpectedly in different ways in almost all situations. Even the most detailed assessments cannot always forecast with absolute certainty which path the market will take, despite the fact that there are techniques to anticipate probable market moves.
Maximum/Fixed Profit Amount
Fixed gains are a danger that traders of binary options should be aware of. There is no limitless potential upside with these investments because both losses & gains are capped in the instance of these investments. But on the plus side, losses are also restricted.
Particularly Accurate Profit and Loss Points
Binary options are also assessed by the smallest tick, in contrast to many other investment instruments. This implies that the value of this kind of choice is frequently based on up to 3 or 4 decimal places. Even 0.0001 points can determine whether a trader is on the winning or losing side of an investment when trading binary options.
Illiquid
Additionally, binary options are not regarded as a “liquid” class of investment. Trading must thus wait until the options expiration date in order to realize gains or losses because these instruments cannot be executed at will.
Inability to Own the Underlying Assets
When traders start trading binary options, they are not fully making investments in ownership of any type of physical asset, as they are simply a wager on the price path of a fundamental asset. Others may see this type of investing as risky, even though it makes certain individuals feel secure.
Conclusion: Binary Options trading is available in the Phillipines
Although not available everywhere, binary options trading is rising in acceptance in the Philippines. Although all of these brokers are located outside and are governed by Filipino rules, there are introductory brokers available in the Philippines to assist you in trading more effectively.
Regardless of the broker you select, be sure you are aware of their rules and regulating body and that you are familiar with the services they provide. Consider all of your alternatives before settling on a broker if you reside in the Philippines since there are an increasing number of possibilities available.
(Risk Warning: Your capital can be at risk.)
Frequently asked questions about Binary Options in Philippines
Are binary options permitted in the Philippines?
As per the specifications of the Securities Regulation Code, binary options trading is forbidden in the Philippines.
Is binary options trading secure in the Philippines?
Trading binary options is currently not very secure in the Philippines. Numerous investors have complained to the SEC about losing money to foreign brokers. These losses certainly occurred on illegal broker sites. Many Filipino traders find it challenging to distinguish between licensed and unlicensed brokers since they both compete for the Filipino market.
Can I trade binary options with foreign brokers as a Filipino citizen?
Offshore binary options brokers are considered unauthorized organizations by the SEC in the Philippines. As a result, trading binary options with foreign brokers is forbidden in the Philippines. However, virtually little is being done to enforce the law to prevent local dealers from trading with foreign brokers.
Is PayPal a viable payment method for binary options dealers in the Philippines while utilizing binary options platforms?
Local binary options traders in the Philippines are unable to use PayPal.
