Phillip Futures Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-27 18:42

Abstract：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 a demo account option, they provide both individual and corporate accounts with a high minimum deposit of $500.

Phillip Futures Review Summary
Founded	1975
Registered Country/Region	Indonesia
Regulation	ICDX, BAPPEBTI
Market Instruments	Gold & Forex, US Stocks, Stock Indices, and Commodities
Demo Account	✅
Trading Platform	Nova 2.0, MetaTrader 5, and JAFeTS NOW
Minimum Deposit	USD 500 or equivalent
Customer Support	Tel: (021) 5790 6525
Customer Support	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.

Pros and Cons

Pros	Cons
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 Authority	Current Status	Regulated Country	License Type	License No.
Indonesia Commodity and Derivatives Exchange (ICDX)	Regulated	Indonesia	Retail Forex License	Unreleased
Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)	Regulated	Indonesia	Retail Forex License	69/BAPPEBTI/SI/9/2010

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 Instruments	Supported
Gold	✔
Forex	✔
US Stocks	✔
Stock Indices	✔
Commodities	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

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

Account Type	Minimum Deposit	Documents Required
Individual	USD 500 or equivalent	ID 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
Corporate	USD 25,000 or equivalent	Latest 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

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Nova 2.0	✔	PC, IOS and Android	/
MetaTrader 5	✔	PC, IOS and Android	Experienced traders
JAFeTS NOW	✔	PC, IOS and Android	/
MetaTrader 4	❌	/	Beginners