Is Pocket Option Regulated in the Philippines?
Despite the ban on trading forex and other speculative CFDs by the Securities Regulation Code, Philippine traders are still flocking to offshore brokers.
Pocket Option offers a 50% deposit bonus on your first investment amount when you sign up for live account. However, you can’t withdraw the bonus until you’ve traded with it for a specific amount of time.
Special conditions for traders from Philippines
The Philippines is a significant trading partner of the United States. The two countries have had a close trade relationship since over a century. They have a bilateral Trade and Investment Framework Agreement (TIFA) signed in 1989 and a tax treaty. They also meet regularly to address outstanding issues and coordinate on issues of common interest.
In the EU, the Philippines enjoys enhanced trade preferences with us under the Generalised Scheme of Preferences plus (GSP+). GSP+ removes tariffs on two-thirds of all product categories and aims to support sustainable development and good governance.
Philippine-EU trade in goods is expected to exceed EUR15.2 billion in 2021, while services exports are estimated at EUR4.9 billion. Trade in services is primarily in the professional and management services, financial services, and intellectual property sectors.
Foreign direct investment stock in the Philippines is estimated at EUR14.4 billion. The EU is the Philippines’ largest foreign investor.
The food industry is regulated by the Food and Drug Administration (FDA). Products must be registered with the FDA prior to importation into the Philippines. A Certificate of Product Registration is issued to the importer by the FDA, and a license to operate is required for all importers.
There are a number of restrictions on the importation of plants and plant products into the Philippines, including that they must be processed to prevent the introduction of quarantine pests. These restrictions can be imposed by the Bureau of Plant Inspection and Quarantine (BPI), the Department of Agriculture, or both.
These restrictions can be removed through a Phytosanitary Certificate (PC). The PC can be obtained from BPI or the Agriculture Department and is valid for a period of three years. The PC can be replaced by a Plant Quarantine Service Certificate from BPI, or by a Processed Plant Product certificate from APHIS.
In addition, food and agricultural imports require a Special Processing Sanitary Inspection Certificate (SPSIC). A SPSIC can be obtained from the Bureau of Animal Industry, the Department of Agriculture, or both.
The Philippines remains a key supplier of rice to the United States. Tariff-rate quotas remain on many sensitive agricultural products, such as corn, pork, poultry meat, sugar, and coffee. These quotas apply to products imported within established minimum access volumes and are taxed at a higher out-of-quota rate for imports outside the MAV.
Minimum investment of just $1
The minimum investment of just $1 is a good way to start trading without having to break the bank. This is the most reasonable amount in the industry and it should be a good choice for anyone interested in making a small but sustainable income from online trading.
Pocket Option offers more than 50 payment methods, allowing you to deposit and withdraw money quickly and easily. The most popular are credit and debit cards, but you can also deposit via bank wire transfer, a digital wallet, or a crypto wallet such as Bitcoin or Ethereum.
There is also a $10 minimum withdrawal requirement, which is far lower than the minimum deposit required to open an account with most brokers. This is a good choice for anyone who wants to test the waters before investing real money, as it allows you to see how your profits will pan out.
Aside from the aforementioned minimum withdrawal requirement, Pocket Option does not charge any trading fees or commissions. Its customer service team is incredibly friendly and helpful, making it a great place to start your trading career.
The best thing about pocket option is that it's regulated by the government in the Philippines. This means you can enjoy the benefits of a reputable company and a secure platform that's fully compliant with all the latest regulations. The site also offers an impressive list of features and a robust support network to back it up. The best part is that you can even deposit funds with a phone call, which is a nice feature for anyone who wants to save time and avoid having to visit the bank or financial institutions in person.
Easy to use
Pocket option is a platform that has everything you need to trade options and earn a good return on your investment. It offers charts, drawing tools and indicators to help you analyze the market and make a prediction about when a particular asset will rise or fall.
The site is simple to use, and the registration process is quick and easy. Traders can sign up by email or with their Facebook and Google accounts. There are also a number of tutorials that will help you get started and learn about the various features on the site.
Customer service is available around the clock by email, live chat and telephone. In addition, the company has an active presence on the major social media platforms, so you can always find someone to talk to.
Unlike some other brokers, pocket option does not charge any trading commissions or fees for deposits and withdrawals. In fact, they offer a free of charge replenishment and withdraw system, which is very impressive in this day and age.
This means that you can deposit and withdraw your funds as much as you like and the transaction is instantly credited to your account. This is a welcome feature for new users as it makes them feel safe and secure.
It is also worth mentioning that pocket option has an extensive blog where you can read about news, trends and other important topics. In addition, they have a comprehensive FAQ section that contains answers to the most common questions.
The platform has a number of other features as well, such as trading signals and an easy-to-use interface. It also has a mobile app that is compatible with most mobile devices and allows you to trade anywhere in the world.
In addition to excellent support on the website and via email, Pocket Option offers live chat for clients who need help. This service is available 24/7 and can be reached on Facebook, Twitter and Instagram. The company also publishes a comprehensive set of documentation and training materials, so traders can always find the information they need to make successful trades.
The company also offers a free demo account that lets you practice trading before investing real money. You can also deposit funds into your demo account using various payment methods, including debit and credit cards, e-payments like Perfect Money and 29 cryptocurrency tokens.
Customers who open a new account can receive a 50% deposit bonus. However, you can only withdraw the amount that you initially invested after making at least five trades with the bonus funds.
If you are a beginner trader and would like to learn how to trade binary options, Pocket Option has several tutorials and guides on their website. These tutorials include step-by-step instructions on how to use the platform and answer questions about the features and functions.
Traders can also get expert advice from the company’s staff, who will answer their questions in their native language. This is useful if you have any problems with your account or trading.
One of the advantages of pocket option is its wide range of languages and currencies. This allows you to communicate with the company in your native language, which may be especially important if you have a limited English proficiency.
The website and app are also well-designed, offering a smooth and intuitive experience. Its social trading feature helps you learn from the experiences of other traders and avoid mistakes. You can also participate in tournaments and earn achievements, which can give you extra pay-outs and trading funds.
The Pocket Option app can be downloaded to your Android device through the Play Market and apk file. It is advisable to check the compatibility of your device with the app before downloading. The software has a number of security measures, including one-step login and anti-virus protection. In addition, the application is encrypted, which ensures your data is safe from hackers.