M seems to the most preffered for a good reason. Yes it is legal as long as you choose a regulated forex trading company. So, the bottom line is Its about risks. We know from the start that forex trading is risky. This is really a tricky question.
Securities and Exchange Commision of Philippines which overlooks the local financial market and its main role is to protect investors from fraud. Before we even know how the market moves. These are my thoughts about forex trading. If you are a newbie in forex trading business, then you should definitely choose a broker which meets certain requirements: a company which has good reputation among fx traders offers you top trading tools like Metatrader 4/5, Apps for Android/iPhone beginner friendly and easy. However with hundreds of brokers on the market, it is not easy to figure out which company is serious to deal with!
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