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Phillip Futures Malaysia Review
Phillip Futures Malaysia now operates as Phillip Capital Sdn Bhd, a Kuala Lumpur derivatives and stockbroking firm licensed by the Securities Commission Malaysia.
Min Deposit
$1
Spreads From
N/A
Max Leverage
N/A
Platforms
2
Pros
- Licensed by the Securities Commission Malaysia since 1995 as a derivatives dealer
- Direct trading participant and clearing member of Bursa Malaysia Derivatives
- Part of the Singapore based PhillipCapital group with offices in fifteen countries
- Group network gives access to exchanges including CME, SGX, HKEX and JPX
- Round the clock dealing and technical support plus free market seminars
Cons
- License covers Malaysia only, so clients outside the country cannot open retail accounts
- Public materials give little detail on forex specific spreads, commissions or swap fees
- Platform lineup leans on MetaTrader 5, Phillip Nova, TT and CQG, not MetaTrader 4
- Oversight sits mainly with Malaysian regulators rather than several top tier bodies
Phillip Futures Malaysia now trades as Phillip Capital Sdn Bhd, though many traders still search its old name. The firm began on 7 October 1995 as a derivatives broker and belongs to the PhillipCapital group, a Singapore based house founded in 1975 with offices in fifteen countries.
Since August 2022 it added stockbroking to its futures and CFD business, so clients can open one account for forex, futures, CFDs and shares. It is a direct trading participant and clearing member of Bursa Malaysia Derivatives, with group links into exchanges like the CME, SGX and HKEX. Trading runs through POEMS, Phillip MetaTrader 5 and Phillip Nova, not MetaTrader 4.
The Securities Commission Malaysia licenses the firm to deal in capital market products, alongside Bursa Malaysia oversight. That license covers Malaysia only, so it does not openly solicit clients abroad, and public pricing detail for forex, like standard spreads, is thin next to global retail brokers.
Min. Deposit
USD 1
Platforms
Regulators
Platforms
- SC Malaysia
- Bursa Malaysia
