Pocket Option Bonus Rules Philippines
The Philippines maintains a two-tiered tariff policy for certain agricultural products, such as rice, corn, pork, chicken meat, sugar and coffee. Imports of these goods remain subject to tariff rate quotas while out-of-quota trade is taxed at a higher rate.
Pocket Option is an established online broker in the Philippines offering digital options and forex trading. To meet international regulations, they have completed due diligence and know your customer (KYC) checks.
Special conditions for traders from Philippines
If you reside in the Philippines and wish to trade forex, there are a few conditions that must be fulfilled. These include opening an international margin account with an international forex broker that accepts traders from the Philippines, funding your trading account, and using an approved forex trading platform.
First and foremost, you should understand the legal requirements for trading forex from the Philippines. The Securities and Exchange Commission (SEC) of the Philippines has an adversarial stance against retail forex trade and has taken measures to discourage people from participating. Nonetheless, with increasing interest among Filipinos in forex trading, more international brokers are now accepting clients from this region.
To do business in the Philippines, you must meet certain legal obligations. These include registering your products with the Food and Drug Administration (FDA).
The FDA is the national agency responsible for registering and regulating foods, drugs, and medical devices. Importers must obtain a license from the FDA in order to import into the Philippines; additionally, they require a Certificate of Product Registration from them as proof that their item has been properly evaluated by an FDA inspector.
Furthermore, you should know that the Philippines is a member of the World Trade Organization (WTO), so it must adhere to its regulations. Furthermore, Philippine officials have set Tariff-Rate Quotas (TRQs) on sensitive products like pork, poultry meat, sugar, coffee and corn as well as Minimum Access Volumes (MAV).
These tariffs and quotas are essential to Filipino farmers who rely on these products for their livelihoods. To guarantee proper implementation of these policies, EU members are obliged to monitor and report on the Philippines' compliance with 27 core international conventions pertaining to human and labor rights, environmental protection, and good governance.
In December 2014, the Philippines was granted enhanced trade preferences with the European Union under the Generalised Scheme of Preferences plus (GSP+). Through GSP+, tariffs are completely removed for two thirds of all product categories.
Get an extra 100% bonus to your trading account balance for your deposit over $100
A $100 bonus can be a great way to jump-start your trading, but be mindful of its terms and conditions. Banks typically don't provide more than one bonus per year, and you may need to meet certain criteria or avoid fees in order to receive your cash.
To take advantage of this promotion, open an online account using offer code DNE100CIS and set up qualifying direct deposits totaling $1,000 or more into your new account within 90 days to receive $100 bonus. These can include regular monthly income such as salaries, pensions or Social Security payments made using both your account and routing numbers.
However, you won't be able to access your new account until the first of the month following your deposit/transfer. Furthermore, you must maintain a minimum daily balance of $100 and ensure the account remains active and in good standing.
Alliant Credit Union is a popular choice among many Americans, and their Simple Savings account offers new customers a $100 bonus if they sign up before December 31st 2023. Plus, this account is free from monthly fees if you opt for e-statements and has no overdraft fee.
For those looking to save money but don't have much extra cash available, this option could be ideal. Unfortunately, earning potential isn't quite as high as some of our other recommendations and opening an account requires meeting certain requirements.
If you're interested in this promotion, enter your email below to be notified when a major bank offers a large cash bonus for opening a checking account. Be sure to read through the terms and conditions carefully as many banks charge monthly maintenance fees if you don't meet their criteria.
If you're a trader, it may be beneficial to open a brokerage account and link it to your new Chime account in order to take advantage of this promotion. Many brokerages such as Fidelity, Wealthfront or Webull offer this free of charge so make sure to check with your broker before beginning trading.
Free demo account
If you are new to trading, Pocket Option's free demo account is ideal for testing the waters. With it, you can trade with a virtual balance of $10,000 and replenish it when funds run out - allowing for practice with virtual funds before investing actual cash and completing verification.
Testing out strategies and investment ideas before applying them to the live market can be a great way to ensure they work. Doing this helps you avoid costly errors in the real market, while also building confidence in yourself and your abilities.
A quality demo account should be free and accessible for all traders to use. It should also be user-friendly with features similar to those found in the real market.
Demo accounts for forex, stock and CFD trading exist in various forms. Some offer virtual assets while others only provide paper money.
Demo accounts can be beneficial for a number of reasons, but most importantly they give you an indication of the trading platform you will experience once an actual account is opened with them. Some even permit trading using real-time data from the broker's servers.
At Pocket Option, you can explore all types of trades available and find one that works for you. For instance, the 30 second strategy or zig-zag strategy are two popular choices. Plus, demo accounts let you test YouTube OTC strategies without making a deposit so that you can get familiar with how they operate.
Pocket Option offers two unique promotional deals to new customers, the first being a 50% bonus on deposits of at least $50. As more capital is deposited, the bonus percentage increases accordingly.