Rating Index
Pros
Regulated by the Financial Services Agency (FSA) in Japan, ensuring a level of safety for traders.
Offers a full license for MT4/MT5 trading platforms, providing flexibility and advanced trading features.
Established broker with a long history since 2007, which adds to its credibility in the market.
Cons
Has faced regulatory disclosures and negative reports in the past, raising concerns about its compliance.
Lacks biometric authentication and two-step verification for its trading software, which may compromise security.
Limited customer support options, as there is no live chat available, potentially leading to longer response times.
Phillip broker Accounts
Phillip Securities Account Type
Phillip Securities offers three main types of accounts tailored to meet the diverse needs of traders: Standard Account, Premium Account, and VIP Account.
- Standard Account:
- Minimum Deposit: HKD 10,000
- Trading Fee: HKD 20 per trade
- Leverage: Up to 1:100
- Spread: 1 pip
- Platforms Available: MetaTrader 4 and MetaTrader 5
- Premium Account:
- Minimum Deposit: HKD 50,000
- Trading Fee: HKD 10 per trade
- Leverage: Up to 1:200
- Spread: 0.5 pip
- Platforms Available: MetaTrader 4 and MetaTrader 5
- VIP Account:
- Minimum Deposit: HKD 200,000
- Trading Fee: HKD 5 per trade
- Leverage: Up to 1:400
- Spread: 0.2 pip
- Platforms Available: MetaTrader 4 and MetaTrader 5
Visit the Website: Go to the Phillip Securities website at www.poems.com.hk.
Select Account Type: Choose the type of account you wish to open (Standard, Premium, or VIP).
Fill Out the Application: Complete the online application form with your personal information.
Upload Required Documents: Provide a copy of your identification (HKID or passport), proof of residence (within three months), and a bank book (recommended).
Deposit Funds: Transfer a minimum deposit of HKD 10,000 to Phillip's designated bank account and upload proof of the deposit.
Submit the Application: Review your application and submit it for processing.
Wait for Approval: Once your application is reviewed and approved, you will receive an email notification with your login details to start trading.
Phillip Securities Broker Account Opening Process
Opening an account with Phillip Securities is a straightforward process that involves the following steps:
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