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Score

5.34 /10
Average

Phillip Futures

Indonesia

5-10 years

Regulated in Indonesia

Retail Forex License

Suspicious Scope of Business

High potential risk

http://www.phillipfutures.co.id

Influence

D

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Score

Regulatory Index6.40

Business Index7.37

Risk Management Index0.00

Software Index5.76

License Index5.87

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Licenses

VPS Standard
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Single Core

1G

40G

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Broker Information

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Company Name

PT Phillip Futures

Company Abbreviation

Phillip Futures

Platform registered country and region

Indonesia

Company website

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Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-06-19
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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Danger

Phillip Futures

Indonesia

WikiFX Verification

Phillip Futures · Company summary
Phillip Futures Review Summary
Founded1975
Registered Country/RegionIndonesia
RegulationICDX, BAPPEBTI
Market InstrumentsGold & Forex, US Stocks, Stock Indices, and Commodities
Demo Account✅
Trading PlatformNova 2.0, MetaTrader 5, and JAFeTS NOW
Minimum DepositUSD 500 or equivalent
Customer SupportTel: (021) 5790 6525
Email: futures@phillip.co.id

Phillip Futures Information

Phillip Futures, regulated in Indonesia by ICDX and BAPPEBTI, is an online trading platform that provides access to Gold & Forex, US Stocks, Stock Indices, and Commodities via platforms like Nova 2.0, MetaTrader 5, and JAFeTS NOW. With demo accountS option, they provide both individual and corporate accounts with a high minimum deposit of $500.

Phillip Futures Information

Pros and Cons

ProsCons
  • Regulated by ICDX and BAPPEBTI
  • Unclear fee structure
  • Multiple trading platforms and mobile apps
  • High minimum deposit
  • Demo accounts available
  • MT5 supported
  • Long operation time
  • Diverse tradable assets

Is Phillip Futures Legit?

Phillip Futures has a Retail Forex License regulated by the Indonesia Commodity and Derivatives Exchange (ICDX) in Indonesia.

It also has another Retail Forex License regulated by BAPPEBTI in Indonesia with a license number of 69/BAPPEBTI/SI/9/2010.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Indonesia Commodity and Derivatives Exchange (ICDX)RegulatedIndonesiaRetail Forex LicenseUnreleased
Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)RegulatedIndonesiaRetail Forex License69/BAPPEBTI/SI/9/2010
Phillip Futures license
license

What Can I Trade on Phillip Futures?

Phillip Futures offers trading in Gold & Forex, US Stocks (Apple, Tesla, Nike), Stock Indices (Micro E-mini US, FTSE Indonesia, FTSE China A50), and Commodities (Micro WTI Crude Oil, E-micro Gold, Soft).

Tradable InstrumentsSupported
Gold ✔
Forex✔
US Stocks✔
Stock Indices✔
Commodities✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
products

Account Type

Phillip Futures offers two main account types: individual and corporate. A demo account option is also available.

Account TypeMinimum DepositDocuments Required
IndividualUSD 500 or equivalentID Card (KTP) / Passport, Recent Photograph, NPWP (Tax ID), Last 3 months bank/credit card/utility/phone bill/saving book (relevant part)/employment letter/income statement
CorporateUSD 25,000 or equivalentLatest Audited Financial Statements, Certificate of Incorporation/Registration, Memorandum and Articles of Association, Board Resolution or Power of Attorney, List of Authorized Signatories and List of Authorized Traders, Photocopies of ID/Passport of All Directors, Authorized Signatories & Shareholders
Account Type

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Nova 2.0✔PC, IOS and Android/
MetaTrader 5✔PC, IOS and AndroidExperienced traders
JAFeTS NOW✔PC, IOS and Android/
MetaTrader 4❌/Beginners
Trading Platform

User Reviews

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Comments

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FX1627550026
more than one year
I've never been through anything like this before. Phillip Futures wiped out all my trading profits and refused to refund my deposit. It's unbelievable.
I've never been through anything like this before. Phillip Futures wiped out all my trading profits and refused to refund my deposit. It's unbelievable.
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2024-02-23 16:49
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韵姣
more than one year
I have only been using this provider for a few weeks but find the platform easy to use. Easy to see trade stops and profit levels on the charts and simple to adjust. A good range of instruments is available and the spreads seem reasonable.
I have only been using this provider for a few weeks but find the platform easy to use. Easy to see trade stops and profit levels on the charts and simple to adjust. A good range of instruments is available and the spreads seem reasonable.
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2023-03-13 14:28
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