How find extra income during a lockdown period?
At present, the situation in the world is very unstable due to the COVID-19 pandemic. People have been left without a stable income, so many Filipinos are looking for options for additional income. As real income falls, some people manage to earn hundreds of percents on the sale of shares. At the same time, they initially did not have much capital or any special financial knowledge. Especially since all financial operations can be carried out online, without leaving home, which is especially important in the period of lockdown.
If you decide to immerse yourself in the world of stock trading, you will need some of our tips.After all, trading in financial markets, when conditions are unstable, can be difficult even for experienced professionals. To access the financial markets, you will need Philippine companies that you can rely on.
Choose quality intermediaries, who have been working for a long time, are at the forefront of technical progress and are considered leaders in the industry. Also consider these points:
- Look for an intermediary company that has a long history in the financial market and a good reputation. Look for reviews, case studies.
- Choose a company with broad international presence. Pay attention to the convenience of the platform, the use of innovative technical solutions.
- Check how customer service works. This is very important when working with stocks. When investing in customer service, it may include a range of services to help clients make cost-effective and proper use of intermediary services. This may include assistance with installing, training, troubleshooting, updating and cancelling a product or service. The customer service team should be available 24/7 for chat, telephone and email.
- Always consider risks when working with the stock market and possible financial losses, which unfortunately no one is insured about.
- Make sure your agent is transparent with commissions, and these fees are competitive. Compare several offers.
- Learn how to deposit and withdraw money on the platform of your choice. How convenient are they for you? Does the company use bank account, bank card, Paypal or other methods of withdrawal? Qualitative and convenient methods of working with finances make the trading process and your trading experience more comfortable.
So, what are the best brokers that offer services for Philippine citizens?
We will look at a few companies and say a few words about each of them.
- eToro. Itoffers competitive CFD and Social Trading offers. The minimum deposit of eToro is 200. The company offers both an online trading platform and a mobile platform, providing customers with easy access to the markets. In addition, eToro supports many popular third-party trading platforms that provide access to a variety of markets around the world that can be traded using Expert Advisors or customizable automated trading strategies. The main offices are in Cyprus and the UK. The Company has operated since 2006 and is regulated by the Financial Conduct Authority (FCA), the regulatory authorities of the Cyprus Securities and Exchange Commission (CySEC). Unfortunately, the company has no protection from negative balance, which is associated with a large number of cases of loss of savings among investors.
- XTB is also highly rated. XTB was founded in 2002 and has been headquartered in Poland for 18 years. It is monitored and inspected for conduct by the Financial Conduct Authority (FCA), the regulatory authorities of the Cyprus Securities and Exchange Commission (CySEC). The minimum deposit of XTB is 0 and there are no inaction fees or deposit fees. The company provides 24/7 customer support in many different languages.
- Our choice is AMarkets, the world famous online broker. The company has done a good job so far and added a lot of useful things for traders – analytics, rebate system, stocks and bonuses. AMarkets is a worthy intermediary option for both beginners and experienced people. It has everything necessary for quality trading. You can invest in shares of the largest world companies, this platform offers more than 250 trading instruments. The innovative MT5 trading platform is available on iOS, Windows, Android, MacOS from any type of device. Deposits are made only through reliable and certified payment systems. The company offers instant deposit and withdrawal of funds. AMarkets reimburses the deposit fee and refunds the deposit amount back to your trading account.
Of course, there are many other great companies in the financial market. Get into the topic, study the reviews and start earning money! We wish you good luck!
Written by Iren from AllTheBestLoans | Modified date: April 17, 2020