philoro foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://philoro.com/your-account/register, about the company's legal and temporary regulatory information, the company's address Währinger Straße 26, A-1090 Vienna, Austria.
Philoro Edelmetalle GmbH, established in 2014, is a prominent player in the precious metals trading sector. The company is headquartered at Währinger Straße 26, A-1090 Vienna, Austria. As a private entity, Philoro operates independently of banks, catering primarily to individual investors and institutional clients interested in precious metals.
Since its inception, Philoro has expanded its reach, establishing itself as a reputable dealer in the German-speaking market, including Austria, Germany, Liechtenstein, and Switzerland. The company has grown significantly, opening multiple physical stores and developing a successful online shop that provides a comprehensive range of precious metals products.
Philoro specializes in trading various precious metals, including gold, silver, platinum, and palladium, alongside related accessories. Its business model focuses on both retail and institutional services, allowing clients to buy, sell, and store precious metals securely.
The company's commitment to quality and customer satisfaction has led to numerous accolades, including recognition for exceptional customer service and competitive pricing in the precious metals market.
This overview sets the stage for understanding the offerings and operational structure of the Philoro broker.
Philoro operates without formal regulation, which raises potential concerns for investors. Currently, there are no valid regulatory licenses issued to Philoro, and it does not fall under the oversight of any major financial regulatory bodies. This unregulated status means that the company does not provide the same level of investor protection typically associated with regulated brokers.
The absence of a regulatory framework implies that Philoro is not required to adhere to specific financial standards or practices. This situation highlights the need for potential clients to conduct thorough due diligence before engaging with the Philoro broker.
Regarding client funds, Philoro does not disclose specific policies related to fund segregation. Therefore, investors should be cautious and consider the risks associated with entrusting their capital to an unregulated entity.
Philoro claims to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, although specific details about their implementation are not provided. Investors should be aware that the lack of regulatory oversight may impact the effectiveness and enforcement of these compliance measures.
Philoro offers a diverse range of trading products focused primarily on precious metals. The following outlines the key offerings available through the Philoro broker:
Currency Pairs: Philoro does not specifically list forex currency pairs, as the primary focus is on precious metals.
CFD Products: The company does not appear to offer a wide range of Contracts for Difference (CFDs) on indices, commodities, stocks, or cryptocurrencies.
Special Products: Philoro specializes in physical precious metals, including:
Gold coins and bars: A selection that caters to both investors and collectors.
Silver coins and bars: Available in various sizes and designs.
Platinum and palladium: Products aimed at diversifying precious metal investments.
Retail Trading Services: Clients can purchase precious metals through the Philoro online shop, which provides a user-friendly interface for transactions.
Institutional Client Services: While primarily focused on retail clients, Philoro may offer services tailored to institutional investors, though specific details are not highlighted.
White Label Solutions: No information is available regarding white label offerings from Philoro.
Asset Management Services: Philoro does not explicitly mention any asset management services.
The company regularly updates its product offerings, ensuring that clients have access to the latest available precious metals. However, the focus remains primarily on physical products rather than a broader spectrum of financial instruments.
Philoro conducts its trading activities through its online shop, which serves as the primary platform for clients. The following details outline the technological aspects of the Philoro broker:
MetaTrader 4/5 Support: Philoro does not support the MetaTrader 4 or MetaTrader 5 platforms, which are commonly used in the forex trading industry.
Proprietary Platform: The online shop is Philoro's main trading platform, designed to facilitate the buying and selling of precious metals.
Web-Based Platform: The online shop provides a web-based interface that allows clients to browse products, view prices, and complete transactions.
Mobile Application: Philoro has developed a mobile application that supports both iOS and Android devices. This app enables users to check current prices and track their orders in real-time.
Execution Model: The execution model of Philoro is not clearly defined in the available information, but it primarily focuses on the sale of physical products rather than complex trading strategies.
Server Location and Infrastructure: Specific details regarding server locations and the underlying technical infrastructure are not disclosed.
API Access and Automated Trading Support: Philoro does not provide information regarding API access or support for automated trading.
Overall, while Philoro's online shop provides essential functionalities for trading precious metals, it lacks the advanced features commonly found in dedicated forex trading platforms.
Philoro offers a straightforward account structure primarily focused on precious metals trading. The following outlines the key aspects of the account types available through the Philoro broker:
Standard Account Conditions: Information on minimum deposit requirements, spreads, and commissions specific to account types is not explicitly provided. However, clients can purchase precious metals directly through the online shop without the need for a trading account.
Advanced Account Types: Philoro does not indicate the availability of advanced account types such as VIP or professional accounts.
Special Accounts: There is no mention of Islamic accounts or corporate accounts.
Demo Account Policy: Philoro does not provide a demo account option for prospective clients to practice trading.
Leverage Ratio Range: The leverage offered by Philoro is not specified, as the focus is on physical precious metal transactions rather than margin trading.
Minimum Trade Size: Information regarding the minimum trade size is not available.
Overnight Fees Policy: Details on overnight fees are not explicitly mentioned, as the nature of trading primarily involves physical products.
Overall, the account options at Philoro are not as diverse as those offered by traditional forex brokers, reflecting its focus on precious metals trading.
Philoro provides various methods for managing funds, but specific details may vary. The following outlines the fund management policies of the Philoro broker:
Supported Deposit Methods: Philoro accepts several deposit methods, including:
Bank transfers
Credit cards
Cash payments at physical locations.
Minimum Deposit Requirements: The minimum deposit requirements are not explicitly stated, as transactions primarily revolve around the purchase of precious metals.
Deposit Processing Time: Information regarding deposit processing times is not clearly provided.
Deposit Fees: Specific fees associated with deposits are not mentioned.
Withdrawal Methods and Restrictions: Philoro allows clients to withdraw funds, but the specific methods and any potential restrictions are not detailed.
Withdrawal Processing Time: The processing time for withdrawals is not explicitly mentioned.
Withdrawal Fee Structure: There is no available information regarding withdrawal fees.
Overall, while Philoro offers various methods for fund management, the lack of detailed information may require potential clients to inquire directly with the company for specifics.
Philoro emphasizes customer support and offers various resources to assist clients. The following outlines the support and educational offerings of the Philoro broker:
Support Channels: Philoro provides customer support through multiple channels, including:
Phone: +43 (0) 505 79 1000
Email: kontakt@philoro.com
Social Media: Active on platforms like Facebook and Instagram.
Service Hours and Time Zone Coverage: Specific service hours are not mentioned, but the company aims to provide support during regular business hours.
Multilingual Support: Philoro offers support in multiple languages, catering to its diverse client base.
Types of Educational Resources: Philoro provides various educational resources, including:
Webinars
Tutorials
E-books on precious metals investment.
Market Analysis Services: Philoro offers market analysis services, including daily updates and research reports, to keep clients informed.
Trading Tools: Various trading tools, such as calculators and market calendars, may be available to assist clients in their trading activities.
Philoro's commitment to customer support and education reflects its aim to empower clients with the knowledge needed to navigate the precious metals market.
Philoro operates primarily in the following regions, offering services tailored to local clients:
Primary Service Markets: Philoro serves clients in Austria, Germany, Liechtenstein, and Switzerland.
Regional Office Distribution: The company has established physical offices in these key markets, providing clients with direct access to services.
Countries/Regions Not Accepted: Specific countries or regions where Philoro does not accept clients are not detailed in the available information.
Special Restrictions: There are no explicit special restrictions mentioned regarding the services offered by Philoro.
In summary, while Philoro has a strong presence in the German-speaking markets, potential clients from other regions may need to confirm their eligibility to use the services offered by the Philoro broker.
This comprehensive overview provides valuable insights into the operations, services, and considerations associated with the Philoro broker. With its focus on precious metals trading and customer service, Philoro positions itself as a significant player in the market, albeit with the caveat of operating without formal regulation.
FX1342035324
Nigeria
I don’t understand its shipping costs, so I asked them for more than twice. The support guy who answered my questions became impatiently, and refused to answer my questions in the end. Two stars for what I got here.
37130
2023-03-17
愈见晨型
United States
Philoro is a precious metals dealer that offers customers the ability to buy gold, silver, platinum and palladium online. I have had a positive experience using their services. Their website is easy to navigate, and the prices are competitive compared to other precious metal dealers. The ordering process was straightforward, and my order was delivered in a timely manner.
Positive
2023-03-20