In the last week, there was a powerful international pandemic that involved several countries. The most devastating impact was felt in the Philippines where at least 12 brokers lost their lives and tens of thousands became infected with a virus called coronavirus. In case you don’t know, coronavirus is a virus not transmitted from person to person but rather by contact with an infected host’s body fluids, such as saliva or urine. It causes pneumonia and potentially fatal respiratory illness in humans and animals alike. It can also infect and kill other mammals, such as bats and ferrets. No human cases of the virus have been detected in the United States so far, but there has been a bat in San Francisco that has tested positive for it.
The virus is related to the SARS virus and is known to be highly infectious.
It is active in live pigs, civets (binturongs), and possibly certain rodents such as rats and mice. Its impact on the industry was devastating because it directly affected 12 forex broker philippines in metropolitan Manila who became infected with coronavirus while working at their respective residences during weekends or when they were at their homes for a brief outing. They all had close contact with pigs during their work or leisure time.
At least 12 brokers lost their lives in the Philippines. As a result of the virus, they suffered from severe respiratory illness pocket option and later died. They acted as recruiters for two large brokerages in Davao City where they gathered lots of new traders who placed high-risk investments with them. At least 60,000 people become infected with coronavirus in the Philippines alone. The whole country’s financial industry is placed under a state of emergency because the virus has been so devastating to it.
Being in the industry is dangerous and in most instances,
it is a serious matter when you hear news like the one in the Philippines about coronavirus. This brings to mind similar stories with other types of risky investments such as Ponzi or pyramid schemes where many people might join or put their money into only to be taken advantage of by others with insider information. The consequences can be devastating such as death and massive financial loss for all involved. The problem is that with these types of investments, there is no easy way to leave and recover your money if you get ripped off.
If you haven’t already noticed, there are constant warnings and news stories about the financial industry and how it takes advantage of consumers and victims alike. Just like with all risky investments and rapid and large cash payouts, there is a level of risk associated with it that can come back to bite you. Yes, this isn’t necessarily the full picture but it is important for you as a consumer to be aware of such things as they pour into your inbox as online news stories. Just as soon as one article gets covered by the media, another will pop up with different information on it.
Coronavirus in the Philippines has been devastating to the financial industry in the country. Are you prepared when it comes to risky investments? Are you aware of what is going on in the industry when it comes to consumer protection? Are you prepared when you begin making cash payouts? If not, then this is probably a good time for you to think about things and see if there are ways that you can better protect yourself from such a scenario.
The impact of coronavirus on Forex broker Philippines will surely have a lasting effect on the industry and how consumers view it. The brokers died because they were exposed to a virus that is highly infectious and potentially fatal.
