FX.co ★ Phillip Futures - Broker rating, review and comments

About company

Phillip Futures was established in 1983 as part of Phillip Capital. The broker is one of the leading intermediary companies in the region for trading CFDs, Forex, global futures, bonds, securities, precious metals, and commodities.

Phillip Futures is a clearing member of 21 global exchanges. It renders services to retail, corporate, and institutional clients.

The company has representative offices in 15 countries, including Australia, Malaysia, Cambodia, China, France, Indonesia, Japan, Singapore, Thailand, Turkey, the United Kingdom, the United Arab Emirates, the United States, and India.

The broker keeps the funds of clients in segregated accounts in a licensed bank, apart from the money that belongs to the broker. The funds of traders cannot be used to fulfill the company's obligations in case of liquidation.

Trading conditions

• CFDs, currency pairs, global futures, bonds, securities, precious metals, commodities trading
• two trading platforms
• commission
• free weekly seminars for traders
• 24/7 customer support
• special discounts and promotions
• complex analytics
• SMS/email confirmation completed transactions
• client portal
• trade and economic calendar
• glossary

Trading platform

Phillip Futures offers its clients trading through MetaTrader 5 (MT5) and Phillip Nova. Both trading platforms are available for desktop, tablets, and mobile devices.

Advantages of Phillip Nova:

• user-friendly interface
• highly mobile responsive
• fast HTML5 charts
• high-speed trading from mobile devices and PCs
• view up to 4 live charts at one go
• over 90 technical indicators
• live market news
• order alerts for trades done
• options trading available
• large selection of order types to plan your trade
• buy/sell directly from charts.

Advantages of MetaTrader 5 (MT5):

• zero commission and low spreads on CFDs
• 24-hour trading on major currency pairs from as low as 0.6 pips
• access to automated trading
• intuitive and intelligent order placement on charts
• hedge mode available
• micro, mini, and standard lots
• economic calendar, institutional research, and news

Support service

Phillip Futures’ dealing and technical support works around the clock. To receive up-to-date information and advice on portfolio management, clients can contact the broker’s representative via email and phone numbers listed on the official website.

Traders’ reviews

Feedback on cooperation with Phillip Futures is hard to find on the Internet since the company is not popular among traders from the CIS countries. Mostly, clients praise the broker for its support service operations, wide market experience, and its reliability. Among the drawbacks, clients point out a lack of basic information about trading conditions.

Advantages:

• large selection of trading instruments
• regulated broker
• high leverage
• over 30 years of market experience
• 24/7 customer support
• special discounts and promotions
• demo account available
• free training for beginners

Disadvantages:

• limited deposit and withdrawal methods
• commission
• website lacks information about trading conditions
• no MetaTrader 4 available