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
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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 |
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