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 2012, 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.
Silver binary options are a great way to invest in the commodities market. In comparison to gold the demand for silver from the industrial sector is very high and therefore there is a very good chance that prices will still go up. The question to ask probably is: "Is silver even the new gold?"
More and more people are considering silver to be a very good investment in times of crises and so it's good to know that most binary option brokers offer silver options to their customers.
The market of silver
The world’s largest silver producer is Peru with a market share of about 30%. Silver is widely used for industrial goods because of its special characteristics: high electrical conductivity and high thermal conductivities combined with unique optical and reflectance properties. The increasing demand from industrial sectors like electric and electro-mechanical engineering, automotive construction, aerospace industry, the energy sector and especially the solar industry will continue and will push the silver price up further.
Silver is a rare commodity. It is even rarer than you might think: There is about 5-times more gold than silver worldwide! It wouldn’t be surprising at all if silver became the most important commodity in the future and countries fought economic wars to dominate this market. Whatever happens, China and India will definitely play a key role because the demand in these countries is increasing rapidly and their population is already about 2.5 billion people . There is a huge boom in the solar industry, especially in China, and silver is a very important commodity in this field.
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.