Score

2.37 /10
Danger

Phillip CFD

Singapore

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

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Score

Regulatory Index0.00

Business Index7.31

Risk Management Index0.00

Software Index9.49

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Phillip Securities Pte Ltd

Company Abbreviation

Phillip CFD

Platform registered country and region

Singapore

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-12-27
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!

WikiFX Verification

Phillip CFD · Company summary
Phillip CFDReview Summary
Founded2007
Registered Country/RegionSingapore
RegulationNo regulation
Market InstrumentsCFDs, equities, indices, commodities, and forex
Demo Account
Leverage/
Spread/
Trading PlatformPOEMS, MT5
Minimum Deposit/
Customer SupportTel: +65 6336 4564
LinkedIn/Facebook/Instagram/Twitter
Email: customercare@phillip.com.sg
Live chat

Phillip CFD Information

Phillip CFD is a broker that is registered in Singapore. The tradable instruments include CFDs, equities, indices, commodities, and forex. The broker also provides demo and live accounts. However, Phillip CFD is still risky due to its unregulated status.

Phillip CFD Information

Pros and Cons

Pros Cons
MT5 availableUnregulated
Live chat supportedNo MT4
Demo account availableLack of transparency
Various tradable instruments
Bonus offered

Is Phillip CFD Legit?

Phillip CFD is not regulated, making it less safe than regulated brokers.

license

What Can I Trade on Phillip CFD?

Phillip CFD offers a wide range of market instruments, including CFDs, equities, indices, commodities, and forex.

Tradable Instruments Supported
Forex
CFDs
Commodities
Equities
Indices
Stocks
Cryptocurrencies
Futures
ETFs
Bonds
Mutual Funds
assets

Trading Platform

Phillip CFD not only provides a proprietarytrading platform available on PC, desktop, and mobile to trade, but also cooperates with the authoritative MT5 trading platform available on tablets. Traders with rich experience are more suitable for using MT5.

Trading PlatformSupported Available Devices Suitable for
POEMSPC/Desktop/Mobile/
MT5TabletExperienced traders
MT4/Beginners
Trading Platform
Trading Platform

Bonus

Get S$30 Cash Credits when traders open and fund S$2000 in their POEMS CFD MT5 account, and those who trade on POEMS CFD MT5 can receive rewards.

Bonus
Bonus

News

NewsThe Global Dominance of the US Dollar (USD)

The US Dollar (USD), often referred to as the “greenback” due to the distinctive green ink used on earlier US paper money, holds a paramount position in international trade and finance.

WikiFX
2023-11-02 10:30
The Global Dominance of the US Dollar (USD)

User Reviews

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more than one year
The company Phillip CFD does not look quite reliable. Although all foreign exchange brokers will say that they are safe, reliable and powerful on their webpage, the most valuable thing is still the regulatory license. I will not deal with companies that do not have a regulatory license to be on the safe side.
The company Phillip CFD does not look quite reliable. Although all foreign exchange brokers will say that they are safe, reliable and powerful on their webpage, the most valuable thing is still the regulatory license. I will not deal with companies that do not have a regulatory license to be on the safe side.
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2023-03-20 18:21
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FX1359209191
more than one year
Execution is the fastest of all! I have traded with IC Markets and a lot of other brokers. From all of my tests, I can conclude that my orders were fulfilled the fastest here. I brought a lot of fellow traders here since then and they shared with me similar experiences. Best place you will find for CFD trading!!!
Execution is the fastest of all! I have traded with IC Markets and a lot of other brokers. From all of my tests, I can conclude that my orders were fulfilled the fastest here. I brought a lot of fellow traders here since then and they shared with me similar experiences. Best place you will find for CFD trading!!!
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2023-03-10 17:46
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