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Phillip Futures Hong Kong Review
Phillip Futures Hong Kong is the SFC licensed futures and forex arm of Singapore's PhillipCapital group, built for Hong Kong clients rather than casual overseas signups.
Min Deposit
N/A
Spreads From
0.5 pips
Max Leverage
1:20 (5% initial margin)
Platforms
2
Pros
- Part of PhillipCapital, a group that has traded since 1975 with a long record
- Licensed by Hong Kong's SFC for futures dealing and leveraged forex
- Gives access to forex, futures, stocks, and bullion from one firm
- Backed by a large group serving over 1,000,000 clients worldwide
Cons
- No MetaTrader 4 or 5, only its own XATS and POEMS platforms
- Account opening often needs an office visit or a mailed paper form
- Built for Hong Kong clients, not a global retail trading audience
- No fixed minimum deposit is published for its forex account
Phillip Futures Hong Kong is the trading name of Phillip Commodities (HK) Limited. This firm is part of PhillipCapital, a group that started in Singapore in 1975. Its Hong Kong futures and forex arm was set up in 1991 and has held its current SFC license since 2003.
The firm offers leveraged forex, local and foreign futures, stocks, and bullion. Forex trades run on its own XATS system or the shared POEMS platform. There is no MetaTrader option. Spreads on EUR/USD start near 0.5 pips, and online commission is HK$6 per lot per side. Initial margin sits at 5 percent, close to 20 times leverage.
Opening an account usually means a visit to its Hong Kong office or a mailed paper form, not a quick app signup. The firm will not open accounts for entities registered in the United States. This makes it a better fit for Hong Kong based traders than for casual overseas visitors.
Max Leverage
1:20 (5% initial margin)
Spreads From
0.5 pips
Platforms
Regulators
Platforms
- SFC (Hong Kong)
