On-line since: About the company: Phillip Futures was founded in 1983 as a member of the PhillipCapital Group. The broker is considered one of the founders of clearing members of the Singapore derivatives trading exchange. Over the years, the company has become one of the best brokerage firms in the region for trading futures, currencies, and commodities. PhillipCapital is an integrated financial institution with a wide range of top-quality and innovative financial services for retail, corporate, and institutional clients. These services include fund management, unit trusts, insurance planning, investment research, and trade with bonds , securities, futures, CFDs, foreign exchange, precious metals, and commodities. PhillipCapital has representative offices in 16 countries around the world including Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Dubai, UK, France, Turkey, Australia, and the USA. Trading platform The broker offers a number of trading platforms for clients to choose from, including MT5. Phillip Futures was among the first brokers in Singapore to launch MetaTrader 5, arguing that this platform is well-know around the world and user-friendly. Other platforms provided by the broker are also in high demand. They were designed for a certain purpose, taking into account the experience and wishes of users. For instance, Phillip Nova was made to work in the futures and options markets. This platform is supported by all popular Internet browsers, enabling investors to trade from their tablets and mobile phones. Training courses Phillip Futures offers free educational seminars to its customers. The courses are designed for traders with different levels of experience, knowledge, and interests. The extensive range of seminar topics includes an introduction to futures and Forex trading, technical and fundamental analysis, and an overview of the market and trends. Seminars are held weekly online. Advantages:
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Therefore, the company can hardly be called appropriate for cooperation and investment. Phillip Futures has a low rating and little-known in the market despite its attempts to take the lead. The broker is not known among the Russian-speaking audience, and the lack of comments indicates its low popularity among the brokers which makes this company rather dubious.
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I have found a lot of re-quotes in the Phillip Futures's platform, so I can’t deal and feel unsafe to invest with Phillip Futures. As the price isn't clear on the M15, M30, H1, H4, D1 charts and it could be requoting 10 to 40 pips in the live market. So always chance to slippage position, which destroys my strategy. So I have left Phillip Futures but till now I can't withdraw my investment of $250. So I think this broker is dangerous for professional traders.
Phillip Futures is an interesting broker. Phillip Futures offers many types of accounts with different minimum deposits and trading conditions. I found it interesting because all types of traders can trade with them with the conditions that better suit their trading strategies. I'm a newbie, and I went to the basic account with a minimum deposit of $100. I opened my account and the process was fast and easy. Deposit means are convenient and the platform is very user-friendly. I didn't withdraw any funds yet, but I consider Phillip Futures is a good broker.
Phillip Futures has poor quality trading services. I have tons of issues with them, wide spreads, reqotations, widening spreads as often as possible, server problems. Their trading terminal crashed most of the time and they give false slippage on stop loss orders. Their customer service is terrible and offensive, especially the head of the customer service.
It is a blessing that on my first attempt to invest in Forex trading, I was given a reliable broker. Phillip Futures provided everything that a beginner like me, needed. They are complete with learning materials and these materials are comprehensive and updated.
Phillip Futures is an excellent broker. I started about three months, and I'm satisfied. My initial deposit was $200, and I got narrow spreads, only 2.2 pips on EUR/USD, which I like most. I Also noticed the execution is very fast, and slippage is rear. I have accumulated my profit, and it's $310. I withdraw only once, which is about $150 they send it into my Neteller account. They are limpid and intelligible. I highly recommend Philip Futures.
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