USD/PHP - philippine peso broker?

[Frank Sullivan]

I would like to trade USD/PHP - philippine peso.
Can anyone recommend a reputable on-line broker who trades this pair?
Thank you for your help

 

[onetoothshark]

Why would you even bother trading this pair? When there are better ones out there

 

[Frank Sullivan]

USD/PHP trading

Thank you for the note.
I have family in the philippines and travel there regularly.
For many years I experience the exchange rate monthly when I send money there.
I think that I have a better understanding of the PHP than any other currency.
I am willing to take the trading risk, but hate to be ripped off by sleazy brokers.
Frank

 

[onetoothshark]

Thank you for the note.
I think that I have a better understanding of the PHP than any other currency.
Frank

Probably not as much as I do as I actually live here (philippines)
The USD/PHP is an illiquid pair. You probably cant trade this of retail (spot) fx.
I would really doubt if there are futures for this at all
I doubt you can trade this at all unless your a bank.
Either way its best to stick with the more liquid currencies when trading.

On a side note, how is your tagalog?

 

[philfx101]

check out pdex.com.ph -- The Philippine Dealing and Exchange Corp (PDEx) is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC).