DBS vs Phillip CFD

Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.

These are different service types — a money-transfer service, bank or stockbroker isn’t a like-for-like alternative to a forex/CFD broker. Compare with that in mind.

Safer pick DBS leads on safety — winning 3 of 3 trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.

D DBS Bank

28/100 risk

🇸🇬 Singapore

Read review →

P Phillip CFD Forex

42/100 risk

🇸🇬 Singapore

Read review →

Safety & Trust

Scam-risk scoreⓘ lower = safer

✓28

42

Verdict

Guarded

Guarded

Regulatedⓘ

Yes

No

Licenses

✓2

0

Tier-1 regulatorsⓘ

✓1

0

Trustpilot score

1.4

—

Reviews collected

191

—

Exit riskⓘ lower = safer

Elevated

—

Known clonesⓘ

0

0

Regulator warnings

0

0

Cost & Accounts

Min deposit lower = easier to start

—

—

Max leverage

—

—

Min spread (best acct)

—

—

Commission

—

—

Cost grade

—

—

Account types

0

0

Best for

Suits

Customers who value in-person branch assistance in Singapore, Users who appreciate proactive fraud monitoring calls

Traders seeking access to a wide range of equity CFDs with no additional spread, Singapore-based traders familiar with the Phillip brand, Those looking for MetaTrader 5 platform with local market access

Not for

Forex traders seeking reliable online trading, International customers requiring responsive 24/7 support, Users needing efficient KYC and account activation

U.S. persons or residents of countries where CFDs are restricted, Traders who prioritize regulatory oversight and investor protection, Investors requiring tight forex spreads or comprehensive funding options

Products & Funding

Instruments

—

—

Deposit methods

—

—

Withdrawal

—

—

Execution

Speed

—

—

Slippage

—

—

Swap cost

—

—

Company

Founded

2018-11-29

2019-12-09

Headquarters

🇸🇬 Singapore

🇸🇬 Singapore

Employees

0

0

✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.

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