One of the most important decisions you will make before you
enter the forex market is your choice of broker. As your main link to the
market, a
forex broker acts as your business partner and your guide. Today, you
can choose from any number of brokers in any part of the world. The internet
has solved the problem of geography, and signing up for a forex trading account
is as easy as filling out forms.
However, going with an international online broker brings
its own set of disadvantages. International brokers are usually registered
under their home country, so they’re not covered by Philippine regulations.
Take for example, the Swiss National Bank fiasco. Last
month, the SNB announced the removal of price caps that kept the exchange rate
between the Swiss Franc and the Euro stable.
A large number of forex brokers were affected as a result, including
some of the largest brokers in the world.
As an investment option, forex trading is inherently high
risk and high reward. For that reason, it is very important to have the proper
regulations in place, to help protect against whatever potential problems may
arise.
MetisEtrade is the only broker registered with the Bangkong
Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC).
With MetisEtrade, you combine the convenience of an online broker with the
security of a duly regulated financial company.
In addition to brokerage services, MetisEtrade also offers
free seminars to their clients that aim to educate the Philippine investor on
the nature of the forex market. The company employs financial advisors who can
mentor their clients on the proper way of trading. That’s more than you can say
for any other local broker.
With MetisEtrade, you’re gaining a partner uniquely tailored
to the Filipino investor.
