Most Filipino binary options traders work with binary options brokers located in Europe and other minor jurisdictions. Many of these brokers work with local affiliates and introducing agents to market and sell trading of binary options to the local populace.
The regulation and supervision of the local stock market is the major function of the SEC. However, it has also assumed the role of providing market advisories against unregistered and unlicensed companies. The wording of the advisories clearly shows that the SEC prefers to have only companies and entities registered and licensed by the SEC to offer investment products to Filipinos.