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Phillip Securities Japan, Ltd.
4-3, Nihonbashi Kabuto-cho, Chuo-ku, Tokyo,103-0026 Japan
Current data shows that this broker is using Non MT4/5 Software
Even if I paid fines, late payments, and other fees, I still cannot withdraw for some reason, and at the end I lost contact from support.
A woman I met on Facebook led me to LINE and solicited a financial transaction. The trading platform is mt5.prafili.com. ID251 was issued for private use and the woman (ID198) puts $ 2000 in my account and told me to put the same amount of money instead. So, first I sent 30,000 yen to open an account, then 70,000 yen, then 100,000 yen to the designated Sumitomo Bank's personal account, and the transaction started with a transaction, so it was 5340 dollars, so withdrawal When I applied, I was suspected of money laundering and paid a fine of $ 3000. After that, I requested to pay $ 1000 because there was a delay in my withdrawal application, and I paid each time. Still not paid and I was asked for $ 1500. I haven't received any money yet.
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The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.
License Type:Retail Forex License
Regulated in Country/AreaJapan
Regulatory License No.：9010001052923
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :東京都中央区日本橋兜町4-2
Phone Number of Licensed Institution :0336662101
Licensed Institution Certified Documents :Annex1
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
General Information & Regulation
Phillip Securities Japan, Ltd. was founded in 1944 and became a subsidiary of Phillip Capital Group in 2002. The latter is headquartered in Singapore and has operations in 16 countries and regions. The company is authorized and regulated by the Japan Securities Dealers Association, and its financial instrument operator number is Kanto Finance Bureau Director (Financial Instruments) No. 127. In addition, Phillip Securities is regulated by the Japan Financial Services Agency (FSA) under license number 9010001052923.
Phillip Securities offers investors a range of financial instruments, including foreign exchange, CFDs, futures, domestic stocks/investment trusts, foreign stocks/bonds, corporate finance, etc.
Phillip Securities offers seven order types: market, limit, stop, trailing, one cancels the other (OCO), if done (IFD), if done one cancels the other (IFD-OCO). Users can combine this with the different order types according to their trading style.
Currency Pairs & Spreads
Users can trade 25 major currency pairs, 1,000 currency units at a time. Phillip Securities will charge a spread fee for each transaction, but there is no fixed spread limit. Users can refer to the trading system for details.
Phillip Securities offers its clients the MT5 platform, which is used by most investors and financial institutions around the world. The platform has a sophisticated interface, rich set of indicators and other features. With the company's “Philip MT5” platform, clients can also trade on their iPhone/Android phones, check rates and make full use of technical charts at any time.
Margin & Commissions
According to the relevant Forex regulations, the trading company must collect a certain amount of margin from the client. In case of individual accounts it will be 4% or more of the total trading price. For corporate accounts, the exchange rate risk ratio assumed by the Financial Futures Trading Association is applied. In terms of transaction fees, Phillip Securities will not charge any fees.
Deposit and Withdrawal
Phillip Securities' clients can make deposits via quick deposit or bank transfer. For quick deposit, the company has cooperation with six banks including Mizuho Bank, Bank of Tokyo-Mitsubishi UFJ, and Sumitomo Mitsui Banking Corporation. The company has not set a minimum deposit amount, and clients can make payments and transactions according to their asset status. As for the transfer fee, the deposit shall be borne by the client and the withdrawal fee shall be borne by the company.
Users can trade online from 7:00 a.m. Monday to 6:50 a.m. Saturday (5:50 a.m. in daylight saving time). It should be noted that the “Philip MT5” platform is subject to daily maintenance during trading hours. In addition, during trading hours, users can call the toll-free number 0120-883-308 for support.
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