Phillip Futures Review
With its headquarters in Singapore, Phillip Futures was established in 1983 as a member of PhillipCapital Group and is one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT). The broker has since grown to become one of the region’s top brokerages for the online trading of CFDs, Forex, Futures, and Commodities.
Phillip Futures Review, Pros & Cons
- Multiple trading platforms
- A wide variety of trading instruments
- Useful trading & learning tools
- No live chat support
- No social trading platform integration
- No MetaTrader 4 platforms
- Limited funding options
- No cryptocurrency trading
In this detailed Phillip Futures review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Phillip Futures Overview
Philip Futures is a retail broker that has been offering online trading services on several financial markets using a range of sophisticated trading platforms. The broker boasts of more than 5,000 employees, over 1 million clients worldwide, and assets under custody/management amounts of more than USD 35 Billion, with shareholders’ funds in excess of USD 1.5 Billion.
Phillip Futures Regulation
Phillip Futures Pte Ltd is a member of PhillipCapital, with the company registration number: 198305695G and holds a capital markets services license from the Monetary Authority of Singapore, for dealing in capital market products such as futures/derivatives contracts and leveraged foreign exchange, and is an exempt financial adviser.
Phillip Futures Countries
PhillipCapital operates in the financial hubs of 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), France, India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA, and Vietnam.
Some Phillip Futures’ features and products mentioned within this Phillip Futures review may not be available to traders from certain countries because of legal restrictions.
Phillip Futures Platforms
The broker provides traders with a vast array of intuitive trading platforms that are available as desktop, web, and mobile versions. They include the following:
This is considered to be one of the ideal execution platforms for traders who do not require technical analytical tools. It has real-time quotes, trading tools, and order management tools that enable clients to trade swiftly.
The T.T platform is an easy-to-use platform that gives traders the relevant trading tools to view real-time and historical market data and trade instantly. Traders can also automate their trading strategy.
Phillip MetaTrader 5
This is an advanced trading platform that comes equipped with an auto-trading function, advanced charting, and technical indicators for trading several assets.
Phillip Nova Trading Platform
Phillip Nova is a powerful and intuitive trading platform that allows online trading of various financial instruments. It has a user-friendly interface that is fully customizable and is equipped with 90 technical indicators, live charts, and market depth.
The FX365 enables you to route orders directly to obtain multi-bank price feeds, thereby ensuring the most competitive spreads at all times. The platform has a flexible and user-friendly interface that makes your forex trading easy and fuss-free.
Phillip Futures Trading Tools
Traders are provided with a range of useful trading tools that are geared at enhancing their overall trading experience, they include the Trading Calendar, Economic Calendar, Market Trends, and more.
Phillip Futures Education
The broker’s website has a good selection of educational resources such as Newsroom, Webinars, Trading Courses, Seminars, Glossary, and an FAQ section.
Phillip Futures Instruments
Phillip Futures offers the following trading instruments: CFDs, Forex, Futures, and Commodities.
Phillip Futures Accounts & Fees
Traders have the option of opening a Futures Account and/or a CFD & Forex Account. The accounts can be created as an Individual or Joint Account.
As broker fees can vary and change, there may be additional fees that are not listed in this Phillip Futures review. It is imperative to ensure that you check and understand all of the latest information before you open a Phillip Futures broker account for online trading.
Phillip Futures Support
The broker’s client support teams are always on standby to respond swiftly to clients’ inquiries via telephone, email, online form, and social media.
Phillip Futures Deposit & Withdrawal
The broker allows the following payment methods:
- Bank transfer
- Telegraphic transfer
- Cash deposits
Phillip Futures Account Opening
To create a new account, click on the ‘Open an Account’ button and choose your desired account type, and then proceed to fill the account application form properly.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Phillip Futures Summary
Phillip Futures is an online trading broker that operates from Singapore, offering a wide variety of trading products. They also provide traders with a good range of trading and learning tools, and there is a responsive client support team to answer clients’ queries. There are multiple account types and payment options to choose from.
Trading in leveraged financial instruments carries a substantial risk and is not suitable for all investors as it can result in losses exceeding deposits or principal amount, therefore please ensure that you fully understand the risks and costs involved.