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Potential of Forex Trading Business in the Philippines



The Philippines' emerging industrialized economy has been tipped as being among the most promising in the world, but doing a Forex brokerage business can be a tricky task without the help of local experts.
With the 12th largest population and the 43rd largest economy in the world, the Philippines is certainly has the scope for development. However, there is one main challenge that potential entrants must overcome – and it is to provide the local market with awareness for finance and investment.
You see, trading and investment was never a part of the Filipino culture and these were not being taught to schools and most educational institutions as it was not a part of any school curriculum. To better learn about it, interested people must enroll in special program with expensive tuition fees. And those who offer free seminars cater into selling trading platforms or insurance.

A typical Filipino facebook user has more than 20 groups with more than 20,000 members each, these groups were mostly focusing on financial literacy alone. Another good potential factor is about the increasing number of Filipino bloggers, who write subjects about financial and investment opportunities, and published articles that are mostly written in the local language.


Identified target market includes social media users with of course the capacity to fund trading accounts. Millennials and young professionals nowadays are entrepneurial and are looking for other ways of earning through the use of internet. Also with the Overseas Filipino Workers (OFW) actively looking for nontraditional business which will eventually give them a good source of extra income. And of course, to those fund-capable people who are specifically seeking knowledge about Forex trading where they can make use of their spare money as an initial investment.


It’s not surprising that a lot of Forex brokerages are now entering the Philippines for the past 2 years for its clear growth potential. As the top performing economy in the South East Asia today, with people all scattered around the globe, there’s no doubt that when you tap the Philippine market you also tap the rest of the world.


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