Phillip Securities Group Forex Broker

Phillip Securities Group Review SummaryFounded1975Registered Country/RegionSingaporeRegulationSFCMarket InstrumentsSecurities, futures, forex, bonds, ETFs, insuranceDemo Account❌Trading PlatformHulit City Online, Hulit City Mobile, Stock Easy (SATS), Options Easy (OATS), Futures Trading (FATS)Minimum Deposit/Customer SupportTel: (852) 2277 6555Fax: (852) 2277 6008Email: cs@phillip.com.hkPhillip Securities Group Information Established in 1975 and headquartered in Singapore, Phillip Securities Group is a multi-asset financial services company governed by the Hong Kong SFC. Its own trading systems offer a complete range of investment options including futures, FX, stocks, bonds, and fund products. Although platform features and account diversity are good, it lacks a demo or Islamic account right now.Pros and ConsProsConsLicensed by Hong Kong SFCNo demo account or Islamic accountsWide product range covering local and overseas marketsSome overseas trading incurs high minimum commissionMultiple custom trading platforms for different needsMinimum deposit not clearly mentionedIs Phillip Securities Group Legit? Under License No. AAZ038, Phillip Securities Group is governed by Hong Kong's Securities and Futures Commission (SFC), permitted for dealing in futures contracts and leveraged foreign exchange trading since December 9, 2003.What Can I Trade on Phillip Securities Group? Including securities, futures, currency, bonds, insurance, and capital management solutions including managed funds and ETFs, Phillip Securities offers a thorough spectrum of investment and wealth management services.Trading InstrumentsSupportedSecurities✔Futures✔Forex✔Bonds✔ETFs✔Insurance✔Commodities❌Indices❌Stocks❌Cryptocurrencies❌Options❌Account Type Phillip Securities (HK) Ltd. provides two primary kinds of live trading accounts: Margin Account and Custodian Account. The company lacks demo accounts or Islamic accounts.Phillip Securities Group Fees Especially for online and day trading, Phillip Securities Group's costs are usually fair and consistent with industry standards. It waives custodial fees for most consumers and gives zero commission deals on chosen items. On the other hand, certain foreign market trades—especially by phone or in low-volume—may have greater minimum fees.Market/ProductBrokerageStamp DutyTransaction LevyTransaction FeeCCASS/Other FeesCustody FeeHK Stocks (Online)0.08% (Buy ≤ HKD 30K: $0, Day Trade: 0.05%)0.10%0.00%0.01%0.01% (Min HKD 3, Max HKD 300)Waived (<5000 board lots)Warrants & CBBC0.03% Day Trade / 0.05% after HKD 50KNone0.00%0.01%0.01% (Min HKD 3, Max HKD 300)Waived (<5000 board lots)RMB Dual Counter StocksOnline: 0.08% (Min CNY 60); Phone: 0.25% (Min CNY 100)0.10%0.00%0.01%0.01% (Min CNY 3, Max CNY 300)Waived (<5000 board lots)US Stocks (Online)USD 0.0099/share (Min USD 1); Phone: 0.25% (Min USD 20)NoneSEC + FINRA + DTC fees applyIncluded aboveSEC/FINRA/DTC clearing fees❌China A-shares (Northbound)Buy ≤ ¥30K: ¥0; Buy > ¥30K or Sell: 0.03% (Online)0.05% (SELL only)Handling 0.00341%, Mgmt 0.002%ChinaClear 0.001%0.002% via CCASSDaily portfolio value × 0.008%/365Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forHulit City Online✔Desktop / WebStock & futures traders needing full functionalityHulit City Mobile✔Mobile (iOS/Android)On-the-go stock tradersStock Easy (SATS)✔DesktopBeginner stock tradersOptions Easy (OATS)✔DesktopOptions tradersFutures Trading (FATS)✔DesktopFutures traders