How to Trade Confidently in the Philippines with Exness

Getting Started with Our Trading Platform

If you’re in the Philippines and curious about trading, you’ll find our platform pretty user-friendly. Setting up and making your first trade usually takes a day or two, depending on how fast you get your documents ready. Honestly, it’s quicker than a lot of other brokers out there.

But here’s the thing: trading isn’t just about clicking “buy” or “sell” and hoping for the best. That’s more gambling than trading. What we want is for you to understand how to trade smartly, using the tools and features we offer to make informed decisions.

Which Account Type Suits You?

We get it – everyone’s different. Whether you’re just starting or already trading regularly, there’s an account type that fits your style.

Standard Accounts

This one’s for people who want to dip their toes in without big risks. You can start with just $10 (around ₱560), and you won’t be charged commissions. The spreads start at 0.3 pips, which keeps costs reasonable while you’re learning.

Pro Accounts

If you’re a bit more experienced and aiming for tighter spreads, the Pro account offers spreads from 0.1 pips but with a small commission per lot. You’ll need a $200 (₱11,200) deposit, but if you trade bigger volumes, it usually saves you money overall.

Raw Spread Accounts

For those seriously into high-volume trading, this account offers spreads as low as 0.0 pips with a commission fee. It’s a step up in commitment but great if you want the closest market pricing.

How to Trade: Step-by-Step on Our Platform

Alright, now that you’ve got your account, let’s break down how to actually trade on our platform. It’s easier than it sounds once you get the hang of it.

Setting Up Your First Trade

1. Pick your instrument – say, EUR/USD or a commodity like gold.
2. Decide on your position size – how much you want to risk.
3. Choose your order type – market order if you want to enter immediately, or pending order to enter at a specific price.
4. Add your stop loss and take profit levels to manage risk and lock in gains.

Simple, right? But don’t rush. These little details make the difference between smart trading and just guessing.

Understanding Position Sizing

Position sizing is about how much you’re willing to risk, not just what you want to gain. For example, one standard lot equals 100,000 units of the base currency, but you can trade mini lots (10,000 units) or micro lots (1,000 units) depending on your comfort level.

Risk Management Tools You’ll Use

• Stop Loss: Automatically closes trades at a set loss level.
• Take Profit: Locks in profits when your target price is hit.
• Trailing Stop: Moves with your trade to protect profits while allowing room to grow.

Timing Your Trades Around Philippine Market Hours

Trading in the Philippines means you need to keep local time in mind. Forex markets run 24 hours on weekdays, but the best times are when sessions overlap because that’s when liquidity and volatility pick up.

Philippine Time (PHT) Sessions

• Sydney: 5:00 AM – 2:00 PM
• Tokyo: 7:00 AM – 4:00 PM
• London: 3:00 PM – 12:00 AM
• New York: 8:00 PM – 5:00 AM (next day)

The London-New York overlap (8:00 PM to midnight) is when EUR/USD and other major pairs tend to move the most. Knowing this helps you plan trades when spreads are tight and opportunities are better.

Deposit and Withdrawal Made Simple for Filipinos

Getting your money in and out shouldn’t be a headache, so we’ve made sure you have practical options that work locally.

Deposit Options

• Credit/Debit Cards (instant, no fees)
• Bank Transfers (1-3 business days, no fees)
• E-wallets like Skrill and Neteller (instant, no fees)
• Local bank transfers with major Philippine banks (same day, no fees)

Withdrawal Process

Withdrawals usually go back to the original deposit method. E-wallets are fastest (within 24 hours), cards and bank transfers take a few days. We don’t charge withdrawal fees, but your bank or provider might.

Navigating Our Trading Platforms

Whether you choose MetaTrader 4, MetaTrader 5, or our Exness Terminal, each platform is designed to suit different needs but all provide solid tools to help you trade efficiently.

MT4 vs MT5

MT4 is straightforward and widely supported, perfect if you’re mainly focused on forex. MT5 adds more order types, timeframes, and supports stocks and commodities better. Execution speed is a bit faster on MT5, but either works well for trading here in the Philippines.

Must-Have Tools You’ll Use Daily

• Charting with multiple timeframes and indicators
• Economic calendar to track news events
• Position size calculator to manage risk before entering trades

Leverage and Margin: What You Need to Know

Leverage lets you control bigger positions than your account balance by borrowing funds. On our platform, leverage can go up to 1:2000, but most traders in the Philippines use lower leverage to manage risk better.

How Leverage Works

Say you have $1,000 and use 1:100 leverage. That lets you trade up to $100,000. It can multiply gains but also losses, so caution is key.

Margin Requirements Explained

Margin is the amount locked to keep your position open. For 1:100 leverage, it’s 1% of your position size. So a $10,000 trade needs $100 margin.

Smart Risk Management Strategies

Honestly, managing risk is what keeps you trading long term. Here are some strategies that our users in the Philippines find helpful.

The 1% Rule

Don’t risk more than 1-2% of your account on any single trade. For example, with a $1,000 balance, that’s no more than $10-$20 per trade. It helps avoid big losses from a single bad trade.

Calculating Position Size

Here’s a straightforward formula you can use:

Risk Amount ÷ (Entry Price – Stop Loss Price) = Position Size

Example: Risking $20 on EUR/USD entering at 1.1000 with a stop loss at 1.0950 (50 pips risk), your position size would be 0.2 lots.

Diversify Your Trades

Try not to put all your funds in trades that move together. Trading multiple pairs linked to the USD, like EUR/USD and GBP/USD, is basically doubling down on the same risk.

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