Phillip Futures Review
Phillip Futures is a member of PhillipCapital Group and was founded in 1983. It is licensed by the Monetary Authority of Singapore and is a clearing member of Singapore Exchange Derivatives Trading. It is a reliable forex broker company with over forty years of trading experience. It is a gateway to foreign exchanges around the world due to its enhanced direct-hub access. Phillip Futures offers its clients a wide range of bullions, options, foreign exchange and futures to meet their demand.
Phillip Futures provides a variety of platforms including POEMS Suite, POEMS Professional, TTNET, FX Trader, CQG Trader and FX365. POEMS Suite is a trading platform package that comprises of POEMS Avant Trader as a multi-core CPU threading system, POEMS Mobile for iOS and Android devices, and POEMS Online for the web. FX365 is for active traders and makes trading more convenient and fuss-free. POEMS Professional and the rest of the mentioned platforms are specially developed for professional traders. However, POEMS Professional, CQG, and TTNET support institutional trading too.
To create an account, customers need to make an initial deposit of SGD 3,000 if customers are Singaporean/PR. If customers are Malaysian or foreigners, the required initial deposit is SGD 10,000 with a passport (and work permit or employment pass if applicable) and supporting documents for mailing and residential addresses. It offers variable spreads with thirty-six currency pairs and a maximum leverage of 100:1. Minimum lot size is one lot, and margin call level is 20%.
For professional Singaporean/PR traders, a minimum deposit of SGD 20,000 is required, whereas foreigners need to deposit SGD 30,000. Both customers need to submit the following documents: passport, a passport-sized photo, supporting documents for mailing and residential address, and completed SGX Membership Application Form.
For creating a corporate account, it requires an initial deposit of SGD 30,000 if the company is incorporated in Singapore or Malaysia or otherwise, SGD 50,000 with all the necessary documents.
Phillip Futures also offers seminars, events, webinars and one-to-one coaching to all of its interested customers for free. Seminars are usually conducted twice a week with topics like Introduction to Forex Trading and Futures, Technical and Fundamental Analysis, Market Trends, Market Overview and much more.
- A licensed company
- An extensive variety of trading platforms
- Weekly seminars
- 24-hour trading
- Providing exceptional educational programs
- Support system is accessible for six days a week
Clients can contact Phillip Futures expert advisors from Monday to Friday from 8:30 am till 6:00 pm (HK) and on Saturday from 9:00 am till 1:00 pm (HK). It is available through emails, phone calls, and live chats. It provides eight different phone numbers for eight different clients' queries like general inquiries, IT support, feedback, dealing desk and many more. Clients can also send a message through its website. Its support system languages are Chinese and English.
Phillip Futures is an old and reputable name in the trading industry. Due to its diverse products for trading, suitable support system, and free educational tools, it has become a premier broker in the money market.
Office website: https://phillipfutures.com.sg/