Phillip Capital

General Information

Phillip Futures is an online forex broker which is a part of Phillip Capital. PhillipCapital (with headquarters in Singapore) 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.

Market Instruments

Phillip Futures offers access to CFDs, futures, gold and silver, forex, and OTC derivatives.

Accounts

Phillip Futures appears to offer two account types designed for institutional or professional traders, respectively Institutional Account and Professional Account.

Leverage

Phillip Futures does not provide any information regarding leverage ratios, or whether they even offer leverage. Phillip Capital, the brokers parent company, offers maximum leverage of 1:400, but whether this pertains to Phillip Futures is uncertain.

Spreads

Phillip Futures appears to offer commission-free trading, and makes a profit from the spread, which is variable based on the selected currency pair, with examples including EUR/USD at 0.6 pips or GBP/USD at 0/8 pips.

Trading Platforms

Phillip Futures offers an impressive range of five different trading platforms, consisting of CQG Trader, TT Platform, MetaTrader 5, Nova Trader, and FX 365.

Deposit & Withdrawal

Phillip Futures does not accept deposits or withdrawals through some of the more popular methods such as PayPal, credit cards, debit cards, money orders, checks are drawn on lines of credit, or checks drawn on foreign banks.

Customer Support

Phillip Futures offers fairly comprehensive customer support, with an extensive list of regional telephone numbers and email addresses. Clients can also submit a direct query through an online submission form, although the broker does not offer a live chat option at this stage.