Forex Phillip Securities Group Broker Review

Performance Matrix

Main Score & Risk Matrix

#187

Score

7.4

Excellent

Phillip Securities Group is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 7.6

Business 6.9

Risk Control 7.2

Software 7.9

Regulatory 7.4

Terminal Snapshot

Phillip Securities Group Trading Conditions

Registered Region Hong Kong

Operating Period Above 20 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email cs@phillip.com.hk

Contact Number +85222776555

Website www.poems.com.hk

Balanced Review

Pros & Cons

Pros

Regulated by the Monetary Authority of Singapore (MAS)
Access to over 40,000 financial products across 26 global markets
Proprietary trading platform: POEMS 2.0 with advanced tools
Commission-free Forex trading with competitive spreads
Educational resources including seminars and market analysis

Cons

High minimum deposit of THB 25,000
Not tier-1 regulated
No live chat support available
Limited deposit and withdrawal options
No copy trading feature

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Phillip Securities Group	Fidelity	SCFH	AvaTrade
Operating Period	Above 20 years	See review	See review	See review
Region	Hong Kong	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	7.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Phillip Securities Group Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners and casual traders	Low minimum deposit, basic trading features	Requires a minimum deposit of HKD 10,000
Premium Account	Intermediate traders	Higher leverage, lower trading fees	Requires a minimum deposit of HKD 50,000
VIP Account	Experienced traders and high-volume traders	Premium services, lowest spreads, highest leverage	Requires a minimum deposit of HKD 200,000

Account Opening Process

Opening an account with Phillip Securities is a straightforward process that involves several steps. First, potential clients must visit the Phillip Securities website and select the type of account they wish to open. Next, they will fill out an online application form providing personal, employment, and financial information. Following this, applicants must upload the required documents, which include a government-issued ID and proof of address. Once the application is submitted, clients are required to make a minimum deposit to activate their account. It is important to note that there is flexibility to upgrade to a professional account in the future if trading volumes increase or if the trader’s experience level changes.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for major pairs
CFDs (HK Stocks)	0.08%	$0 (Min HKD 10)	Varies based on stock price
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on market conditions

Other Fees

Phillip Securities imposes several additional fees that traders should consider. These include deposit and withdrawal fees, which may vary based on the method used. There is also an inactivity fee that applies if an account is dormant for a prolonged period. Platform usage fees may apply depending on the trading systems utilized. Traders should be aware of overnight interest charges (swap rates) that can affect long-term positions. Additionally, currency conversion fees may apply when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Phillip Securities Group is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Phillip Securities Group User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

20%

4 star

60%

3 star

12%

2 star

4%

1 star

4%

Amardeep8

Bangkok

★ ★ ★ ★ ★

I opened an account with Phillip Securities to trade stocks. The broker offers convenient trading platforms on Thai and international exchanges, analytics, and expert investment advice. Profits are withdrawn quickly — within 1-2 days as per the request submitted in the mobile app. Phillip Securities offers a wide choice of foreign exchanges that allow me to try different options and trade new assets.

Pushpender Sharma

Tokyo

★ ★ ★ ★ ★

3 months into my Phillip Securities experience, I’m thoroughly impressed! They’ve got speedy withdrawals, low commissions, and the best part – 5-star customer service. Their electronic trading systems are reliable and offer advanced features that help me manage my trades effectively.

Darren Ross

New York

★ ★ ★ ★ ★

I encountered several issues with Phillip Securities, particularly regarding withdrawals. After submitting a request, I faced delays and unresponsive customer support. It was frustrating to not get timely assistance when I needed it most, which has led me to consider other options for trading.

Abel Gert

Amsterdam

★ ★ ★ ★ ★

My experience with Phillip Securities has been nothing short of a nightmare. After multiple attempts to withdraw my funds, I was met with vague excuses and long wait times. Their support team has been unhelpful, and I feel stuck with my investment. I would not recommend this broker to anyone looking for reliable service.

Hong Kong Market