Who runs Iloilo Coin

What this desk is and is not

Iloilo Coin is an independent editorial desk that publishes educational material about bitcoin (BTC/USD) trading for readers in the Philippines. We are not a broker, not a bank, and not a licensed financial adviser, so nothing here is personal advice and we cannot open, fund, or manage an account for you.

We write in English for Filipino readers, which is why our examples use peso amounts and the funding rails you actually use, such as GCash and bank transfer. When we describe a broker, we describe a third party whose terms are set by that broker, not by us.

What the desk verifies before naming a broker platform

Before naming FxPro as the broker on a page, the desk checks three things: the platforms offered, the entity that serves the Philippines, and the regulator position. The platforms we list are MT4, MT5, cTrader and the FxPro app. The entity is the FxPro entity that serves this country, and the regulator caveat we publish is that FxPro is licensed by the FCA (UK) and CySEC, not by the SEC of the Philippines. We do not describe the broker as regulated by the SEC of the Philippines because that would be false.

The desk also checks that any leverage statement is framed as a cap. The maximum leverage available to readers in the Philippines is the cap that applies to the entity serving this country, and we do not present it as a target or a recommended setting. The worked margin example, where a 0.10-lot bitcoin position needs about $385.00 margin at the applicable cap, is used to show how margin works, not to suggest that a reader should use that position size. Position sizing remains the reader's decision and depends on their own risk tolerance and account balance.

Verification is repeated when a page is updated, and a platform name is removed if we can no longer confirm it is offered. We do not name funding methods beyond GCash and bank transfer, because those are the rails we can confirm for readers in the Philippines. We do not publish a minimum deposit figure, a spread figure or a swap figure for the broker, because we do not hold those numbers and will not estimate them. If a reader needs those figures, they should get them directly from the broker and treat any number on this site as limited to what is stated.

How to challenge a figure or a sentence published here

To challenge something on Iloilo Coin, send the page address, the exact sentence, and the source you believe is correct to the contact address listed on the site, and the desk will review it against its own notes. A challenge that names a specific number, such as the reference price of approximately 77000.0 or the margin figure of about $385.00 for a 0.10-lot bitcoin position, is easier to act on than a general complaint. We aim to reply with a decision rather than an acknowledgement, and if the challenge is upheld the page is corrected and the correction is noted.

Challenges about the regulator caveat are handled the same way. If you believe the sentence FxPro is licensed by the FCA (UK) and CySEC, not by the SEC of the Philippines is wrong, send the licence reference you are relying on and the desk will check it. We will not remove the caveat because a broker or an affiliate asks us to; we will only change it if the underlying facts change. The same rule applies to the leverage description: we will correct the wording if it misstates the cap, but we will not replace the cap with a number we cannot source.

A challenge that asks us to add a spread, a commission, a swap or a minimum deposit will be declined unless we can source the figure, because our standard is to state only what we hold. A challenge that asks us to describe a cost as competitive or low will also be declined for the same reason. We keep a record of every challenge and its outcome so that the same question is not answered two different ways on two different pages. Readers in the Philippines can raise a challenge in English or Filipino, and the reply will be in English.

Where the money comes from

Affiliate links are the only revenue this desk has. If you open an account with a broker through a link on this site, that broker may pay us, and the cost to you does not change because of it. We do not sell advertising space, sponsored posts, or paid placement.

Payment never buys a rating and never hides a weakness. A broker that pays us and a broker that does not are ranked by the same checks, and a flaw we find in a paying partner is written down the same way we would write it about anyone else.

Who runs Iloilo Coin and how we make decisions

Iloilo Coin is run by a small editorial team based in Iloilo, and every published figure is signed off by one editor before it goes live. The team includes a lead writer who drafts the bitcoin (BTC/USD) material, a reviewer who checks each number against our source notes, and a site editor who has the final say on what gets published. Decisions are not made by a committee or a vote; the site editor holds the deciding vote when the team disagrees, and that decision is recorded in our internal log with the date and the reason.

Decision-making follows a fixed order: the writer proposes the claim, the reviewer checks it against the facts we hold, and the editor approves or rejects it. For bitcoin content, the reviewer confirms that the instrument code BTC/USD, the lot size of 1 BTC, and the pip value of 1.0 are stated correctly before any margin example is published. If a fact cannot be traced to a source we hold, the claim is cut rather than softened. That rule applies to leverage caps, funding methods such as GCash and bank transfer, and the regulator caveat we publish about FxPro.

We do not publish author bylines that imply personal trading expertise we have not verified. The desk is a research and writing operation, not a fund, and no one on the team manages client money. When a decision affects a page that readers use to size a position, such as the worked example where a 0.10-lot bitcoin position needs about $385.00 margin at the applicable cap, two people must agree before it is published. The editor's name is not published because the standard is attached to the desk, not to an individual.

The editorial standard for a number on this site

A number appears on Iloilo Coin only if we can point to the source we took it from, and we publish the number as given rather than rounding it into a claim. The reference price for bitcoin is stated as approximately 77000.0, the lot size as 1 BTC, and one pip as 1.0. When we describe margin, we use the worked figure we hold: at the applicable cap, a 0.10-lot bitcoin position needs about $385.00 margin. We do not state a spread, a commission, a swap or a minimum deposit as a number because we do not hold those figures.

Where a number depends on the broker or the account, we say what it depends on instead of inventing a figure. The maximum leverage available to readers in the Philippines is the cap that applies to the entity serving this country, and we describe it as a cap, not a setting to aim at. Funding is described through GCash and bank transfer because those are the rails we can name. The regulator position is stated exactly: FxPro is licensed by the FCA (UK) and CySEC, not by the SEC of the Philippines. Nothing is added to that sentence.

Every number is re-checked when a page is updated, and a number that cannot be re-confirmed is removed rather than left with a hedge. We do not use words such as competitive or low to describe a cost we have no figure for, because that would be a claim without a source. Peso amounts are shown as ₱ and dollar amounts as $, and we keep the instrument code BTC/USD in Latin characters throughout. If a reader sees a number that looks wrong, the correction process is described in the section on challenging published work.

How we handle the limits of our own work

We are a small desk and we say so. We cannot verify what happens inside a broker's dealing desk, we do not test every account type, and we do not have staff in every city where a reader might be. Where a claim depends on something we could not check, we say that instead of filling the gap.

For the regulator fact that matters most to Filipino readers: FxPro is licensed by the FCA (UK) and CySEC - not by the SEC of the Philippines. That sentence is the whole of what we can state on the subject, and we repeat it wherever it is relevant rather than stretching it into something stronger.

Why the desk publishes a regulator caveat on every broker reference

The desk publishes the regulator caveat because a reader in the Philippines could otherwise assume that a broker named on a Philippine-facing site is licensed by the SEC of the Philippines. The caveat we use is exact: FxPro is licensed by the FCA (UK) and CySEC, not by the SEC of the Philippines. That sentence is repeated wherever the broker is named so that the licence position is never separated from the broker's name. It is a factual statement about which regulator has licensed the entity, not a judgment about the broker's suitability for any reader.

The caveat does not change the instrument facts. Bitcoin trades as BTC/USD, one standard lot is 1 BTC, and one pip is 1.0, regardless of which regulator licenses the broker. The reference price we use is approximately 77000.0. The margin example, about $385.00 for a 0.10-lot position at the applicable cap, is a calculation that shows how the cap works in practice. None of those figures is a recommendation, and none of them is affected by the licence position. The caveat sits alongside them so that a reader can see the full picture in one place.

We keep the caveat short because a long disclaimer is easier to skip. The desk's position is that a reader should know which regulator has licensed the entity before funding an account through GCash or bank transfer, and that the answer should be visible on the page rather than buried in a footer. If the licence position changes, the caveat will be updated on every page where it appears, and the change will be noted in the same way as a correction to a number. A challenge to the caveat follows the process described above.

How Iloilo Coin is funded and where that funding does not reach

Iloilo Coin is funded by the people who run it, and no broker pays us to publish a page. That means the site does not earn a commission when a reader opens an account with FxPro, and no funding arrangement gives a broker the right to approve, edit or remove a sentence. The costs of running the desk, including research time and hosting, are met from the same source. Because we do not take broker money, we can state the regulator caveat plainly: FxPro is licensed by the FCA (UK) and CySEC, not by the SEC of the Philippines.

Funding does influence one thing: the topics we can afford to cover in depth. A page that requires checking a worked margin example, such as the 0.10-lot bitcoin position that needs about $385.00 margin at the applicable cap, takes more review time than a short explainer, so the depth of coverage follows the time we can pay for. It does not influence the answer we reach. If our own funding ever changes, the change will be disclosed on this page before it affects any published figure.

We do not accept payment for a placement, a ranking or a favourable description of any platform. The platforms we name for FxPro, MT4, MT5, cTrader and the FxPro app, are listed because they are the platforms the broker offers, not because of any arrangement. Local funding methods, GCash and bank transfer, are named because they are the rails readers in the Philippines use, and no payment from either rail reaches us. A reader who wants to know why a particular number is on the page should read the editorial standard above and then use the challenge route below.