Retail trading is not itself illegal, but the SEC licenses no binary options provider, so every platform serving Filipino clients is offshore and unsupervised.
Sourcing note: we could not confirm the legal position in Philippines against a named primary instrument published by the SEC Philippines. Verify with the regulator before acting on it.
Archive notice: this page was written in 2013, before binary options were banned for retail clients across the EEA, the UK and Australia. It is kept for reference. For the current position, see Legal status by country.
EasyXP Overview
Trading Instruments
EasyXP provides an objective platform to trade in a diverse variety of investment instruments. Traders can invest in worldwide financial markets though one forum. It offers to invest in the below mentioned assets and financial products. Foreign Currency Pairs: Pound-Dollar, Euro-Japanese Yen, Dollar-Japanese Yen, Euro-Turkish Lira, Euro-Dollar and many others Commodities: Gold, Silver and Crude Oil Indices: FTSE-100 Future, Dow Jones-30 Future, Nikkei-225 Future, Hang Seng Future, DAX-30 Future, NIFTY-Future Stocks: Sumitomo, Sony, France Telecom, Societte General, Societte General, Apple, British Petroleum PLC (BP), Barclays PLC, Facebook Inc,Software
EasyXP is an online trading company that does not require the purchase or installation of any software. It also offers the convenience of mobile trading without the need of any advanced applications. The activation process of EasyXP is very quick and simple. You just need to register online and deposit the minimum amount of 200 USD. It does not even require email activation. As soon as get yourself registered, your account becomes active and open for trading.Deposit and Withdrawal
EasyXP is very popular for quick transfer of funds. You can easily deposit funds by logging in your account and accessing the deposit page. Deposit or withdrawal can be done via three methods; Credit or Debit Cards, Wire and MoneyBookers. The minimum deposit amount is $200; however, in case of wire transfer, you need to deposit at least $500. Withdrawal is also as easy as the deposit process. You just need to click the banking page and access the withdrawal section. Enter the amount you wish to withdraw and that’s it. It is not a lengthy form filling process.Bonus and VIP Program
The welcome bonus of EasyXP is different from others. It is determined by the amount of first time deposit. The bonus pattern is illustrated in the below table.
|
First Time Deposit Amount |
Bonus percentage |
|
$499 |
10% |
|
$500-$999 |
20% |
|
$1000-$5000 |
30% |
Customer Support
EasyXP provides one of the best customer support services in the industry. It welcomes new traders in such a way that they feel themselves as part of the company. When a person registers an account with EasyXP, he is provided with a free trading e-book that serves as a complete guide for newbie traders. This book introduces the company, features of the website, different trading tools and tips for profitable investments. No matter how comprehensive the book is, it cannot replace the need of a human trainer. EasyXP assigns personal account managers to all its traders. These brokers act as investment consultants and assist a new trader with the right and most effective use of trading tools. They also suggest different investment avenues as per the risk and return preferences of the investor.Pros
- Free e-guide
- ‘Invite a friend’ bonus
- Easy and quick deposit and withdrawal
- Supplemental Wire Withdrawal
- Personal account managers
- Posts daily and weekly market movements on the website
Cons
- Customer support in only 4 languages
- Only one withdrawal per month is free
Funding and withdrawals in Philippines
Local rails here are GCash, Maya, InstaPay and card. Deposit method decides whether money can come back out: card payments carry a chargeback route with a time limit, transfers to an offshore entity generally do not. Confirm the withdrawal method, minimum, fee and stated processing time in writing before funding an account. Profits are generally taxable, with BIR the relevant authority.
Brokers accepting Filipino clients
Ranked by our published methodology, which weights licensing at 35% — on an unsupervised counterparty every other quality is contingent. Ratings are derived from the sub-scores, not assigned.
| # | Broker | Rating | Entity holding your funds | Min. deposit | Payout | |
|---|---|---|---|---|---|---|
| 1 | Deriv | 7.9 | Deriv (BVI) Ltd / Deriv (V) Ltd | $5 | up to ~95% on synthetics | Visit |
| 2 | IQ Option | 5.1 | IQ Option Ltd (international) — unregulated | $10 | up to ~95% | Visit |
| 3 | Pocket Option | 4.7 | Gembell Limited (Comoros) | $5 | up to ~92% | Visit |
| 4 | Quotex | 4.6 | Awesomo Ltd — unregulated | $10 | up to ~98% | Visit |
Advertiser disclosure: buttons marked ad are affiliate links and earn us a commission if you open an account. The others do not. The ranking is derived from the published sub-scores either way, which is why the highest-rated provider here is not the one that pays us.
Risk warning: binary options are high-risk speculative instruments and most retail accounts lose money. Nothing on this page is investment advice or a recommendation to trade.