All / Philippines
Philippines
The three verdicts below apply to promoting platforms to people living in Philippines. This is a directional summary, not legal advice.
Crypto exchange
Conditional
SEC Philippines advisories state that acting as salesman, broker, dealer or agent of an unregistered platform creates liability under Securities Regulation Code (RA 8799) s.28, penalised under s.73 by up to PHP 5m and 21 years' imprisonment. Promote only SEC- or BSP-registered entities.
US stock broker
Conditional
SEC Philippines has flagged even Interactive Brokers, so a US broker is not automatically safe. Check each entity.
Forex / CFD
Do not
SEC advisories have been issued against Exness and HFM.