Phillip Futures

Phillip Futures is an online trading platform registered in Indonesia, founded on 7 March 2019. The company is headquartered at Atria @Sudirman Level 15, Jl. Jend. Sudirman Kav. 33A, Jakarta 10220, Indonesia. It operates under the regulatory oversight of multiple Indonesian authorities, including ICDX (Indonesia Commodity and Derivatives Exchange), BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi), and JFX (Jakarta Futures Exchange).

According to its own description, the broker provides access to a range of markets, including Gold & Forex, US Stocks, Stock Indices, and Commodities. It offers trading platforms such as Nova 2.0, MetaTrader 5, and JAFeTS NOW. Both individual and corporate account types are available, with a minimum deposit set at $500. A demo account option is also provided for practice trading.

Phillip Futures holds three regulatory licences in Indonesia. It is regulated by ICDX under a Derivatives Trading License (EP) with a status of 'Regulated'. It also holds a Forex Trading License (EP) from BAPPEBTI, also marked as 'Regulated'. Additionally, it is licensed by JFX as a Derivatives Trading License (AGN), again with 'Regulated' status.

These licences indicate that the broker is authorised to operate as a futures and forex broker within Indonesia, subject to the oversight of the relevant commodity and derivatives regulators. However, as with any broker, traders should verify the current status of these licences directly with the respective regulators.

The broker states that it offers both individual and corporate account types. The minimum deposit for both is $500, which is relatively high compared to many other online brokers that offer micro or lower-deposit accounts. This suggests that Phillip Futures may be targeting traders with a higher initial capital commitment.

A demo account is available, allowing potential clients to test the trading platforms and conditions before funding a live account. Detailed information on specific account tiers, spreads, commissions, or leverage is not provided in the available data, and traders are advised to contact the broker directly for these details.

Phillip Futures offers multiple trading platforms: Nova 2.0, MetaTrader 5 (MT5), and JAFeTS NOW. MT5 is a widely used platform known for its advanced charting tools and automated trading capabilities. The broker provides access to a variety of instruments including Gold, Forex, US Stocks, Stock Indices, and Commodities.

By offering both metal and equity products alongside forex, the broker caters to traders looking for diversification. However, given the lack of detailed information from independent sources, traders should exercise caution and perform their own due diligence regarding execution quality and liquidity.

Phillip Futures maintains a social media presence on Facebook, Instagram, and YouTube. These channels are often used by brokers to provide market analysis, updates, and customer support. The company also has an official website at phillipfutures.co.id.

While a social media presence can indicate an active business, it is not a substitute for transparency. Traders should look for comprehensive disclosures on the broker's website, including terms and conditions, risk warnings, and contact details.

Our research team has assigned Phillip Futures a Scam Risk Score of 25 out of 100, classified as 'Guarded'. This low score reflects the limited independent information available about the broker, combined with a relatively high minimum deposit and the absence of detailed account specifications in public sources.

Although the broker is regulated by Indonesian authorities, the 'Guarded' rating advises traders to proceed only after thorough verification of the broker's credentials and a clear understanding of the risks involved. The score is not an accusation of fraud but an indication that caution is warranted.

Given the $500 minimum deposit and the regulated status, Phillip Futures appears to target Indonesian traders who are relatively experienced and have sufficient capital to meet the entry requirement. The availability of a demo account suggests the broker is open to beginners as well, but the high deposit may be a barrier.

The multi-asset offering could appeal to traders who wish to diversify beyond forex into equities and commodities. However, the lack of publicly available independent reviews makes it difficult to assess the trading conditions and customer service quality at this time.