Phillip Futures

Phillip Futres

Phillip Futures is a regulated broker established in 1975 and registered in Indonesia through two regulatory bodies ICDX & BAPPEBTI. It provides traders access to a variety of markets being Gold & Forex, US Stocks, Stock Indexes, Commodities etc. for trading these instruments, traders can use three trading platforms (Nova 2.0, MetaTrader 5 & JAFeTS NOW) provided by Phillip Futures.

Traders should be mindful of two drawbacks when using Phillip Futures; 1) There are very high minimum deposit requirements, 2) Some vital information being limited on its fees for trading

Company Overview

Phillip Futures Overview

Company Name | Date Founded

Phillip Futures | 1975

Location Of Phillip Futures | Indonesia

Regulation Of Phillip Futures | Regulated by ICDX & BAPPEBTI

Market Instruments

Gold & Forex, US Stocks, Stock Indexes, Commodities

Phillip Futures Provides A Demo Account

Yes

Trading Platforms

Nova 2.0

MetaTrader 5

JAFeTS NOW

Minimum Deposit For A Phillip Futures Account

$500 or equivalent

Maximum Leverage Available

Not Applicable

Customer Support Available For Phillip Futures

Email - futures@phillip.co.id

Telephone: (021-57906525)

Phillip Futures provides traders a variety of account types for individual and corporate trading, and provides access to a mobile platform and a desktop trading platform for ALL of its account types.

What Are The Benefits of Using Phillip Futres?

Benefits: | Drawbacks:

Phillip Futures is regulated by ICDX & BAPPEBTI | Unclear fee structure.

Phillip Futures provides multiple trading platforms | Minimum deposit is extremely high.

Phillip Futures provides demo accounts | -

Phillip Futures supports MetaTrader 5 | -

Phillip Futures has operated for over 40 years | -

Phillip Futures offers a range of asset classes | -

Is Phillip Futures A Reputable Company?

Yes, Phillip Futures is a fully-licensed Retail Forex Dealer as regulated by the Indonesian government.

Toward that end, Phillip Futures maintains copies of the following documents to confirm Phillip Futures has Retail Forex Dealer licenses:

ICDX Retail Forex Dealer License - Regulated In Indonesia

BAPPEBTI Retail Forex Dealer License 69/BAPPEBTI/SI/9/2010

What Types of Markets May I Trade Using Phillip Futures?

Phillip Futures allows trading on:

Market | Supported

Gold | Yes

Forex | Yes

US Stocks | Yes

Stock Indexes | Yes

Commodities | Yes

Cryptocurrencies | n/a

Bonds | n/a

Options | n/a

ETFs | n/a

Examples of stocks that may be traded are: Apple, Tesla, Nike, etc. The Stock Indexes FTSE Indonesia, FTSE China A50, etc.

Phillip Futures Account Types

Phillip Futures provides Individual and Corporate account types. Phillip Futures also offers demo accounts that allow traders to develop trading skills.

The chart below outlines the account types Phillip Futures offers, along with the minimum deposit required to open an account.

Account Type | Minimum Deposit | Documents Needed:

Individual | $500 | Government-issued I.D./Passport, Photo, Tax ID (NPWP), Proof of Address/Income

Corporate | $25,000 | Corporate Document(s), Audited Financial Statement(s), ID/Passport Copies of Corporate Officers/Owners

Phillip Futures Trading Platforms

Trade Platform | Supported | On Which Device | Best Suited For

Nova 2.0 | Yes | PC, IOS, Android | /,

MetaTrader 5 | Yes | PC,IOS,Android | Experienced Trader

JAFeTS NOW | Yes | PC, IOS, Android | /,

MetaTrader 4 | No | n/a | Novice Trader

Phillip Futures - FINAL REVIEW

Phillip Futures is a long-standing fully licensed and regulated broker operating out of Indonesia that offers traders different options for trading platforms and the ability to trade a variety of tradable financial instruments. Phillip Futures is probably best suited for traders that highly value specific regulatory oversight and access to multi-platforms. However, Phillip Futures has minimum deposit limits and very little other valuable information regarding fees related to trading which could be prohibitive to beginner or cost-conscious traders.

Before commencing business with Phillip Futures, we highly recommend that you carefully evaluate both your expected costs and your overall expectations before doing business with Phillip Futures. However, for traders who prefer a strong level of regulatory oversight and a diversified choice of markets, Phillip Futures may be a good choice for you.