We found 11 online brokers that are appropriate for Trading Philippines Investment Platforms.
The year 2020 was an odd year for the fast-growing Philippines economy, as it saw a decline of -9.6%. In 2021, Asian Development Bank (ADB) eyes strong growth in the Island country.
Asian Development Bank (ADP) recently released a report which highlights what's ahead for the country. ADP believes increased spending in support payments, infrastructure, COVID-19 vaccination & strong rebound in the global economy will provide support in 2021 and beyond.
ADP is a well-reputed bank and, as such, usually provides accurate economic forecasts. According to the bank's recent outlook, the forecast for Philippine economic growth in 2024 and 2025 is 4.5% and 5.5%, respectively. In other words, GDP growth is positive for this and the next year.
A single thing that can help the Philippines to achieve the above-mentioned growth is through vaccination rollout. Right now, the vaccine is the safest and fastest way to develop immunization against the COVID-19 virus. Once a big portion of the population is vaccinated, the spread of the virus will simply slow down.
The vaccination program will directly translate to sustained progress and positive consumer + business confidence. A major risk factor associated with the vaccination program is a new mutation in COVID-19. In such a scenario, the virus may develop resistance against the vaccines. This worst-case scenario will once again put negative pressure on the global economy.
ADP country director believes that an upside in the economic growth projection is possible. The GDP growth target of 4.5% is actually at the lower end of estimates. So even if all the things do not go well, a growth of 4.5% will still be possible. In case of better than expected conditions, the Philippines economy may grow beyond the 4.5% growth target.
Asian Development Bank specifically mentioned the pandemic effects on employment. Priority must be given to support the workers and labor of impacted firms. This step will ensure an increase in productivity and negate the pandemic's effects on private-sector jobs.
In the 3rd and 4th quarter of 2021, strong economic recovery will be seen due to the government's easy monetary policy & fiscal support.
A combination of easy policy & fiscal stimulus will have these benefits:
ADP's forecast for the Philippines depends highly on improved conditions. However, COVID-19 still remains a big challenge and is casting a shadow of doubt over economic conditions.
One of the biggest risk factors is a new and mutated coronavirus. Some forms of the mutated virus are already spreading in various countries at a much faster rate. Possible resistance from the vaccine would be a worst-case scenario but can not be completely discounted either.
Another possible risk event is the global shortage of the COVID-19 vaccine. Such a scenario will also put the Philippines and global recovery at risk.
ADP forecasts a potential rise in inflation during the year 2021. In 2020, the inflation rate was around 2.6%, but the ADP forecast for 2024 sees inflation at 4.1%.
This rise in inflation is following the same trend seen in commodity prices globally. Another factor is related to the pork supply. A type of swine fever known as 'African Swine Fever' has negatively impacted pork production.
In 2024, the inflation rate may come down to around 3.5%. This would only be possible if the government addresses the pressure from the supply side.
The Philippines' current account surplus is also shrinking and will continue to do so in 2024 and 2025.
In 2024, the current account surplus will be around 2.5% of GDP.
In 2024, the current account surplus will be around 1.8% of GDP.
Exports are also expected to record an increase mainly in line with rising global trade. From the import side, an increase is also expected, which will help the infrastructure development.
Different analysts are forecasting different economic growth rates for the country. Let's take a look at some of the top forecasts:
Nicholas Mapa (economist) From ING: The government is not offering support to offset the economic contraction of -9.5%. With a trade balance deficit, high inflation & no support from the government, we may see not see any strong growth during the year. We may not see a growth of 6% as all the economic indicators are weak.
Analyst From Nomura: They hold a very different view than ING's economist. According to analysts, a GDP growth target of 6.8% in 2021 is very reasonable. Some risks may arrive from the shortage of COVID-19 vaccines and no financial support from the government. A rate cut of 25bp is also on the cards.
FocusEconomics: Forecast of FocusEconomics is way ahead of ADB, Nomura, and ING. They are projecting GDP growth of 7.3% in 2021 and 6.7% in 2024.
Asian Development Bank: ADB forecast is more modest and is at the lower end. They eye GDP growth of 4.5% and 5.5% in 2024 and 2025, respectively.
We have conducted extensive research and analysis on over multiple data points on Philippines Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Philippines Economic Forecast. Below we shortlist what we think are the best Philippines Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Philippines Economic Forecast.
Selecting a reliable and reputable online Philippines Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Philippines Investment Platforms more confidently.
Selecting the right online Philippines Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Philippines Investment Platforms trading, it's essential to compare the different options available to you. Our Philippines Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Philippines Investment Platforms broker that best suits your needs and preferences for Philippines Investment Platforms. Our Philippines Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Philippines Investment Platforms.
Compare Philippines Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Philippines Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Philippines Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Philippines Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Philippines Investment Platforms that accept Philippines Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Philippines Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Philippines Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Philippines Investment Platforms below.
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