
Originally Posted by
M.A.D.
I think what metis staff is saying here is that your deposit account is denominated in peso but in MT4 the options available obviously do not include php. This is quite misleading, however since they are based locally any withdrawal can be quickly processed and office hours is the same as of philippine time.
Maybe when you deposit your account in peso denomination it is automatically converted to the days current exchange rate when you convert it to USD, GPP, CHF, otherwise this is simply redundant. Registering for a foreign broker gives out the same, if not better benefits.
But I think the purpose of metis for its presence here in the country is to entice people who are wary of forex trading. Many of them don't trust brokers located overseas. Most of these are those who are skeptical, and inexperienced. I do hope metis can help people understand.
Also, FXCM and XM are coming to the philippines. Forgot when.