PisoPip
PisoPip
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Market clock · PHT·overlap 20:00-01:00 PHT
About

About This Forex Guide for the Philippines

This guide is published by an independent editorial team and paid for by advertising and by partner links to a broker.

Updated Sep 2026 · how we rate brokers

What PisoPip is, and the lines it does not cross.What PisoPip is, and the lines it does not cross.WHAT IT DOES NOT DOWHAT THIS SITE DOESRank, score or review brokersPublishes what the SEC Philippinesregister says, with the dateGive advice on what to trade orwhenExplains how to check a firmyourselfAccept payment for placement orfor a better descriptionShows the arithmetic behindposition sizeHold your money or see youraccountSays when something could not beverifiedPromise that a licensed firmcannot lose you moneyDiscloses the one commercialrelationship it has
What PisoPip is, and the lines it does not cross.

Who publishes this guide and what it covers

This guide is written and maintained by an independent editorial team that focuses on forex education for readers in the Philippines. The team is not a broker, does not hold client funds, and does not place trades on anyone's behalf.

Coverage is practical: how sessions line up with Philippine Time (PHT, UTC+8), how funding works through rails such as GCash, Maya, InstaPay, PESONet, bank transfer and card, and how to check a firm against the SEC Philippines list of registered entities at sec.gov.ph.

Every page is written for one reader in one place, so examples, timings and payment steps reflect Filipino habits rather than generic global advice.

Ways money reaches an account in the Philippines

GCash · used most
Mobile wallet — limits set by the wallet provider and the broker
Maya
Mobile wallet — limits set by the wallet provider and the broker
InstaPay
Bank transfer — limits set by your bank and the broker
PESONet
Bank transfer — limits set by your bank and the broker
Bank transfer
Limits set by your bank and the broker
Card
Card payment — limits set by your card issuer and the broker

Limits and fees are set by the provider and the broker and change without notice, so they are not printed here. Confirm both in the provider's app and on the broker's funding page, and withdraw to the same account you paid from.

How this guide is funded and kept independent

Funding comes from advertising and affiliate arrangements. A broker may pay for a placement or a link, but that payment does not buy a favourable review, a licence claim, or a place on any list.

No advertiser sees a page before it is published, and no advertiser can request a change to a factual statement. If a commercial relationship exists on a page, it is disclosed there.

This matters because broker claims are easy to make and hard to check. The guide's job is to point you to the register and to the broker's own funding page, not to vouch for any firm.

The PHP figures on this site
FigureValueSource
Indicative USD/PHP62.45open.er-api.com, pulled 2026-09-28
How often it movesEvery trading day—
The rate your account usesYour broker's own conversionThe broker's rate card
Symbol on this site₱—

An indicative rate is for sizing a position in your head, not for settling one. The gap between it and your broker's conversion is part of what a trade costs you.

Where to verify a broker before you fund anything

Start with the SEC Philippines list of registered entities at sec.gov.ph. That register is the public record, and it answers the question of whether a particular name appears there. This guide does not make that call for you.

Then open the broker's own funding page and read the deposit and withdrawal terms in full. Check which rails it supports, what currency the account is held in, and what identity documents it asks for.

For the payment side, use the app itself. GCash, Maya and your bank show the actual steps and any limits that apply to your account, and those can differ from one user to the next.

What the SEC Philippines register is

Regulator
Securities and Exchange Commission of the Philippines (SEC Philippines)
Register
SEC Philippines registry of capital market participants
Published at
sec.gov.ph
Covers retail forex
No category for an online leveraged FX broker
Last read by us
2026-10-10
Entries transcribed here
153

A register says whether a firm holds a licence on the day you look, and nothing about how it treats clients. Search the legal entity from the broker's own footer, not the brand.

How corrections work and how to send one

If something here is wrong, outdated or unclear, send a correction request with the page address and the specific sentence. A short note is enough. You do not need to explain the whole topic.

Corrections that check out are applied to the page, and the page is updated rather than quietly patched. Where a fact cannot be confirmed, the text is changed to send you to the source instead of guessing.

Session times are a good example of why this matters. Sydney runs 05:00 to 14:00 PHT, Tokyo 08:00 to 17:00 PHT, London 16:00 to 01:00 PHT, and New York 20:00 to 05:00 PHT, so the London and New York overlap sits at 20:00 to 01:00 PHT. Daylight saving shifts in other countries can move those edges, and correction reports help keep them honest.

When the market is worth sitting down for (PHT)
Part of the dayLocal time · PHT
Busiest window20:00-01:00 PHT — London and New York open together
Thinnest stretch05:00-14:00 PHT — Sydney alone, wider spreads
European open16:00-01:00 PHT
US open20:00-05:00 PHT
ClosedFriday New York close until the Sydney open on Monday

Hours are shown for the clocks in force today: London is on GMT until 28 March, New York is on EDT until 1 November. The Philippines does not change clocks, so each move shifts these local times by an hour and the page is rebuilt on the day it happens.

What this guide will not do

It will not promise returns, suggest a target income, or describe forex as a way to earn a set amount. Trading involves risk of loss, and no page here should be read as a guarantee.

It will not name a broker as licensed, safe or best. That judgement belongs to the register and to your own checks, not to an editorial page.

It will not invent numbers. Where a figure is needed, such as a fee, a limit or a minimum, the page tells you where to look: the broker's funding page, the SEC Philippines register at sec.gov.ph, or the GCash app.

Where each number on this page comes from
FigureSourceChecked
Licensee names and statusSEC Philippines registry of capital market participants — sec.gov.ph2026-10-10
Session windowsFixed UTC windows; London and New York shift in their DSTOn change
USD/PHPopen.er-api.com2026-09-28
Funding limits and feesSet by the provider and the broker — not published hereChanges without notice

A figure with no source and no date is a guess with good manners. Anything we could not trace is left out rather than printed from memory.

What changes when you read this guide from outside Metro Manila

Timezone is the practical detail readers overlook. This guide is written from PHT, UTC+8, so anything scheduled around market opens in other regions lands at awkward local hours. If a page tells you an event happens at a set time, convert it yourself before you plan around it.

Funding behaves differently too. GCash, Maya, InstaPay and PESONet are the rails most readers here will recognise, but a broker's own funding page decides which of them it actually accepts. Never assume a rail you use daily is supported.

Card and bank transfer options exist as well, yet each carries its own confirmation timing. The order of operations that works: check the broker's funding page first, then open your chosen app, then send. Reversing that order is how people send money to a rail the broker cannot receive.

The four things a broker will offer you
PlatformWhat it isWho makes it
MetaTrader 4The older standard; expert advisors and a large script ecosystemMetaQuotes
MetaTrader 5The newer build; more order types and timeframesMetaQuotes
cTraderDepth of market and a different order modelSpotware
The broker's own appUsually simpler, and tied to that one firmThe broker

A platform is software, not a safeguard: the same terminal is offered by licensed and unlicensed firms alike. The licence question is answered on the register, not in the app store.

Why a correction can take longer than a reply to your email

Acknowledging a correction and publishing one are two different jobs. The desk can reply quickly, but the change itself has to be checked against the source that governs it. That source is usually SEC Philippines or the broker's own published page, not a screenshot.

This matters because readers sometimes send a correction with an expectation of same-day edits. The delay is not reluctance. If a claim about a firm's status is wrong, the fix must trace back to sec.gov.ph or the firm's own disclosure, otherwise the page swaps one unverified statement for another.

The practical consequence: send the link, not just the description. A message saying a page is outdated is hard to act on. A message pointing to the exact SEC Philippines entry or broker page lets the desk verify and edit in one pass.

The paperwork, and what each piece proves
DocumentWhat it proves
PhilID, UMID or passportWho you are
Selfie with the ID documentThat the document is in your hands

Brokers usually also ask for proof of address; requirements differ per firm. The account-opening page of the broker lists what that firm accepts.

The difference between a licensed firm and a firm you can fund tomorrow

These get treated as the same question and they are not. A firm appearing on the SEC Philippines registry of capital market participants tells you something about its registration status. It tells you nothing about whether your GCash transfer will clear, or how long a withdrawal takes.

So the registry check and the funding check are separate steps, done in that order. Confirm the entity first at sec.gov.ph. Then read the broker's own funding page for the rails it supports, because that page is where GCash, Maya, InstaPay, PESONet, bank transfer and card details actually live.

Readers get this wrong by doing it backwards. They open an app, see a familiar payment option, and treat that as reassurance about the firm. A payment rail working smoothly says nothing about who is on the other end of it.

Before you send money
What you seeWhat to check
A fixed monthly return, promised in advanceAsk which licence permits it, then look the firm up on the SEC Philippines registry of capital market participants.
A deposit asked for in gift cards or vouchersCheck the broker's own funding page: firms list bank, card and wallet rails, not vouchers.
Someone offering to trade the account for youManaging money for a client is a separate permission. The register says whether a firm holds it.
A withdrawal released only after a new paymentRead the withdrawal terms you agreed to. A fee invented at payout time is not in them.

None of this is a judgement about any firm. Each line is a check you can run yourself, starting at sec.gov.ph.

Why this page names rails instead of quoting costs

Any figure attached to a transfer, a spread or a deposit changes, and it changes without notice to this guide. Publishing a number here would create a page that quietly goes stale while still looking authoritative. That is a worse outcome than publishing no number at all.

The alternative is deliberate. Where a cost or a limit matters, this page sends you to where it is actually published: sec.gov.ph for regulatory matters, the broker's own funding page for deposit and withdrawal terms, and the GCash app for anything about that wallet.

This also keeps the guide honest about what it can verify. A rail existing in the Philippines is a stable fact. What a specific firm charges to use it is not, and it is not this desk's place to guess on a reader's behalf.

Who writes and publishes this guide?

An independent editorial team writes and maintains the guide. The team is not a broker and does not handle client money or place trades. Pages are written specifically for readers in the Philippines, using PHT (UTC+8) for all session times.

How is the guide funded if brokers do not pay for coverage?

Advertising and affiliate arrangements fund the work. A broker can pay for a placement, but that does not buy a favourable write-up or a licence claim. Any commercial relationship on a page is disclosed on that page, and advertisers do not review pages before publication.

How do I report a mistake or request a correction?

Send the page address and the exact sentence that looks wrong. Corrections that check out are applied to the page itself. If a fact cannot be confirmed, the text is rewritten to point you to the source, such as the SEC Philippines register at sec.gov.ph or the broker's own funding page.

Trading forex and CFDs on margin carries a high risk of losing more than you deposit. Most retail accounts lose money. Nothing on this page is financial advice.

Not sure where to start?

Read how funding works in the Philippines before you open an account. Five minutes, and it saves a lot of guesswork.

Read the guide →
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