After several failed attempts to break above $126,000, it’s likely that Bitcoin’s downtrend will continue for a while. Read my analysis for trade setups and a mid-term outlook.
Read MoreTrade with XM - Best trading platform in the Philippines
- Get 100% bonus on your first deposits up to $500 (no wagering requirement)
- Fast payouts with Gcash or Paymaya
- Low spreads from 0.8 pips on Forex
- Copy trading where you can keep up to 80 % of the profits
- $140 in cash prizes every month in trading competitions
Features
XM is a trading platform dedicated to bring Filipinos the best trading environment possible
Low trading costs
Enjoy tight spreads from 0.8 pips and choose between several account types with no swap fees and zero commission.
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About
Jan Kenneth Hansen
Full-time trader
I've been living in the Philippines since 2018, and traded on several different platforms. I switched to XM in 2024 and I recommend the trading platform highly for people living in the Philippines. First of all, the costs of trading are significantly lower than the competition, and the amount of instruments to choose from is impressive. They also make it so much easier to cash out on local payment options like Gcash or Maya, often receiving the money the same day! The KYC procedure was also easy to get through, as you have your own account manager to help you.
Analysis
Updated analysis of several markets with my view on where they may be heading. Please keep in mind that this is not trading advice and I’m only sharing my own opinions.
After several failed attempts to break above $126,000, it’s likely that Bitcoin’s downtrend will continue for a while. Read my analysis for trade setups and a mid-term outlook.
Read MoreGold prices remained within a range this week, trading below $4,040 and above $3,900. The lack of economic data and low volatility led to erratic price movements throughout the week. Read my analysis for the key price levels to watch.
Read MoreArticles
Here you can read more bout the benefits of using XM as your trading platform in the Philippines.
Gold prices remained within a range this week, trading below $4,040 and above $3,900. The lack of economic data and low volatility led to erratic price movements throughout the week. Read my analysis for the key price levels to watch.
Read MoreF.A.Q
How does the XM bonus work?
When you open an account, the bonus will be added to your trading account after your first deposit. You get 100 % up to $500. There is no wagering requirement, but the bonus money can not be paid out. Only profits and initial deposits can be paid out.
Should I pass the KYC before depositing money?
Yes, and it is quite simple. You only need 1 valid government ID and proof of address here in the Philippines. Take one selfie on your phone to confirm it's you, and that's it! The platform will guide you through the KYC procedure and only takes around 15 minutes.
How much profit can I withdraw on one go?
It depends on what payment method you want to use. But the standard is usually $10.000 per withdrawal request. Som payment methods in the Philippines like Gcash og Maya may have wn limits for wtihdrawals.
How to copy trade?
First, you will need to open a standard account with XM, then you can choose a fund that you would like to transfer money to by opening an investment account. It's very simple with clear instructions on the website when you choose a fund you would like to transfer to.
Does XM offer a refund of losses?
No broker offers a refund of losses. When you trade, it is your decision alone and you can not regret this later on. that's why it is important to understand the risks of trading before you try to invest them on your own.
Does XM offer a swap free account?
Yes, you can choose an Ultra Low Standard account if you want to keep trades over a longer period without having to pay for swaps.
Risk disclaimer
Trading and investing in financial instruments, including forex, stocks, cryptocurrencies, and other derivatives, involve substantial risks and are not suitable for all individuals. Research shows that approximately 70-90% of retail traders lose money when trading, emphasizing the inherent risk of such activities. The content and resources provided by PhilForex.com are for informational purposes only and do not constitute financial advice.It is essential to understand that market movements are unpredictable, and past performance does not guarantee future results. Leverage, market volatility, and improper risk management can significantly increase the likelihood of financial loss.Before engaging in trading activities, consider your financial situation, risk tolerance, and investment goals. You should also educate yourself on the financial products you are trading and seek independent professional advice if necessary. By using PhilForex.com, you acknowledge and accept the risks associated with trading and agree that PhilForex.com shall not be held liable for any losses incurred. Always trade responsibly.