Abstract:Phillip Futures was founded in 1983 as part of the Phillip Capital Group and currently holds a retail foreign exchange license from the Monetary Authority of Singapore.
Basic Information & Regulation of Phillip Futures
Phillip Futures was founded in 1983 as part of the Phillip Capital Group and currently holds a retail foreign exchange license from the Monetary Authority of Singapore.
Market Instruments
Phillip Futures provides investors with a one-stop service for CFDs, global futures, cryptocurrencies, and OTC derivatives.
Accounts of Phillip Futures
The minimum account opening amount is S$30,000 for investors in Singapore/Malaysia and US$50,000 for investors in other regions. Besides, there are also some additional requirements as detailed on the Phillip Futures website.
Trading Platform Available
Phillip Futures offers traders the flexibility to choose from the CQG trading platform, TT platform, and MT5 trading platform.
Summary
The main disadvantages of Phillip Futures are:
1. No brokerage fee shown
2. Lack of information on how to deposits & withdrawals