KYC, which stands for Know-Your-Customer, understands that all those getting involved with Forex trading will need to confirm their identity. Here are the main powers entrusted with the SEC for safeguarding the integrity and stability of the Pilipino financial markets: A licensed broker gives you security in the highly volatile and risky market. BSP is supposed to serve as a bank, a lender, a financial advisor, and as an agency that can maintain the liquidity in the markets by providing aid to other banks as well as Government agencies. Traders from the Philippines are free to trade with overseas brokers as there are no restrictions imposed on traders bangko sentral ng pilipinas forex rate the BSP or the SEC.
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