Phillip Futures-Overview of Minimum Deposit, Spreads & Leverage
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 |
| 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 |
|
|
|
|
| |
| |
| |
|
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 |
Read more
Top 4 Alarming Signs When Trading Through London Capital Group
Planning to invest in London Capital Group? Take a pause, read this exposure story, and then make a decision whether it's worth your investment.
Know These 5 Truths- Before You Choose Blackwell Global
You will find many articles appreciating Blackwell Global, but only a few talk about the red flags of the broker. In this article, we will expose the broker and discuss the harsh truths about Blackwell Global. Keep reading.
5 Reasons to Know Why INFINOX Is a Standout Broker?
Every trader wants to invest their hard-earned money with a broker that offers them benefits and makes their forex journey smooth. Here is a broker you can consider to make your forex trading experience easier. Check out this article to learn how INFINOX stands out in the field of forex brokers
Real Risk Factors with Admiral Markets ! Explained
Many people like Admiral Markets for various reasons, but they often ignore its red flags. Before investing with any broker, it's important to understand the risks involved. If you're not careful, you could fall victim to a scam. Be Scam Alert and make sure you know the risks before choosing Admiral Markets.
WikiFX Broker
Latest News
Alchemy Markets: A Closer Look at Its Licenses
WikiFXWondering Why Your International Earnings Come Less Than Expected? It's Because of Forex Markup Fees
WikiFXFCA to modernise rules to unlock investment
WikiFXHow Fake News Sites Are Fueling a Global Investment Scam Epidemic
WikiFXFrom Novice to Pro: Why Investors Trust Land Prime?
WikiFX10-year Treasury yield ticks lower after core CPI comes in slightly lightly lower than expected
WikiFXAsia-Pacific markets mixed after Trump's tariffs on Indonesia
WikiFXLabubu craze to drive up profit 350%, China\s Pop Mart says
WikiFXPrimeXBT Launches MT5 PRO Account for Active Traders
WikiFXCentral banks are increasingly buying gold from local mines as prices surge
WikiFXRate Calc
