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Part of this popularity is fuelled by the integration of other local e-wallets such PesoPay, PayEasy, Smart Money, WeePay DragonPay, JuanPay and GCash.
These local e-wallets are also compatible with local bank cards. The SEC frowns at binary options trading and actively encourages the public to report the local agents of these brokers. Many investors have made complaints to the SEC on how they have lost money to offshore brokers. It is very likely that these losses were incurred on platforms of unlicensed brokers.