According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- THB 25,000
- Phillip NOVA (LME)
- POEMS 2.0
- Settrade Streaming
- POEMS Professional
- Fund SuperMart
- SEC
Our Evaluation of Phillip Securities
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Phillip Securities is a moderate-risk broker with the TU Overall Score of 5.94 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Phillip Securities clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Phillip Securities provides brokerage services, as well as insurance and investment consulting services. It has been operating since 1998 and is one of the most important intermediaries in financial markets throughout South-Eastern Asia.
Brief Look at Phillip Securities
Phillip Securities is a Thai representative company of Phillip Capital, established in 1975. Its services are provided to over 1 million traders and investors worldwide. The broker is a member of Stock Exchange of Thailand (SET) and is regulated by SEC (Securities and Exchange Commission | Thailand). It offers access to trading on over 30 international sites — securities, commodities, and futures exchanges. The company has developed proprietary POEMS platforms and updated them to POEMS 2.0 that operate on any device.
- High reliability level due to the government regulation;
- Direct access to securities and derivatives markets of Thailand due to membership in stock exchanges;
- Wide choice of trading and investment instruments;
- Accounts and platforms for trading on the largest international exchanges, including the U.S., Japan, Canada, and EU;
- Proprietary and third-party platforms for active trading financial instruments and investment;
- Decrease of brokerage fees for stocks after the increase in trading volumes;
- Trades can be executed on smartphones, laptops, PCs, or tablets.
- High minimum deposit of THB 25,000 to start trading futures and THB 50,000 to trade stocks;
- There are no partnership programs for retail clients;
- Support isn’t available through a live chat.
TU Expert Advice
Author, Financial Expert at Traders Union
Phillip Securities offers a range of brokerage services, including trading on numerous international exchanges and proprietary POEMS 2.0 and Settrade Streaming platforms. It provides account types offering access to both stocks and derivatives markets with a minimum deposit of THB 25,000. The company gains trust through SEC regulation, and its clients can trade various instruments encompassing stocks, ETFs, and futures. Phillip Securities facilitates trading via any device, ensuring flexibility and convenience for its users.
However, some drawbacks include a relatively high minimum deposit requirement and the lack of live chat client support. Additionally, the absence of some popular payment options like PayPal may concern certain traders. Overall, Phillip Securities may suit experienced traders who value Tier-1 regulation and a wide range of tradable assets but could be less suitable for those looking for lower entry costs or more diverse payment and client support options.
Phillip Securities Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | POEMS 2.0, Settrade Streaming, Phillip Nova, POEMS Professional, and Fund SuperMart |
|---|---|
| 📊 Accounts: |
Equities and Derivatives accounts — Credit Balance, Cash Balance, and Cash; Global Equities and Global Derivatives accounts — Cash Balance |
| 💰 Account currency: | THB |
| 💵 Deposit / Withdrawal: | Bank transfers according to bank details, ATS (Automatic Transfer Service), mobile banking, and POEMS platforms |
| 🚀 Minimum deposit: | THB 25,000 - THB 50,000 subject to the market |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 EUR/USD spread: | 0,3-0,6 pips |
| 🔧 Instruments: | Stocks, ETFs, stock indices, options, futures, bonds, investment funds, and NVDR(Non-voting depository receipts) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Exchange |
| ⭐ Trading features: | Trading on Thai exchanges and over 15 international exchanges. |
| 🎁 Contests and bonuses: | Yes |
To start trading futures contracts, deposit THB 25,000 to your account. The minimum amount for investing in stocks is THB 50,000. Trading derivatives and securities is available on exchanges in Thailand and outside. Foreign residents can invest only in NVDR (Non-voting depository receipts), which allows them to buy and sell stocks listed on SET without setting trading limits.
Phillip Securities Key Parameters Evaluation
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Trading Account Opening
Find out what documents and data are required to open an account with Phillip Securities for residents and non-residents of Thailand by launching the registration process on its website.
Choose whether you are a resident or non-resident and start creating the user account.
At the first stage, provide your first and last names, date of birth, and the number of the document that confirms the above data. The broker also requests information on the availability of licenses or certificates to conduct certain types of investment activities or trading.
Next, make a 6-digit code that is used to log into your user account. The last registration stage is uploading the required documents on the main page.
Regulation and safety
Phillip Securities has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
Phillip Securities Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 SCB |
Securities Commission of The Bahamas | Bahamas | No specific fund | Tier-2 |
Phillip Securities Security Factors
| Foundation date | - |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Phillip Securities have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Phillip Securities with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Phillip Securities’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Phillip Securities Standard spreads
| Phillip Securities | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,3 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,6 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,5 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,9 | 1,4 | 0,5 |
Does Phillip Securities support RAW/ECN accounts?
As we discovered, Phillip Securities does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Phillip Securities. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Phillip Securities Non-Trading Fees
| Phillip Securities | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Citizens of Thailand can open an account with Phillip Securities reaching the age of 20. If traders’ priority is trading on local SET and TFEX, they can use Cash, Cash Balance, or Credit Balance accounts. Also, the broker offers special accounts for trading on international exchanges without providing loans.
Account types:
The broker’s clients can open several account types on POEMS mobile or web platforms, or directly in the user account on the broker’s website.
Phillip Securities provides access to different instruments and markets, as well as professional advice on investment and trading. The company aims to provide qualitative services and help investors achieve their financial goals.
Deposit and withdrawal
Phillip Securities received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Phillip Securities offers limited payment options and accessibility, which may impact its competitiveness.
- No withdrawal fee
- Low minimum withdrawal requirement
- No deposit fee
- Bank card deposits and withdrawals
- BTC payments not accepted
- USDT payments not accepted
- Only major base currencies available
What are Phillip Securities deposit and withdrawal options?
Phillip Securities offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Phillip Securities less competitive for those seeking diverse payment options.
Phillip Securities Deposit and Withdrawal Methods vs Competitors
| Phillip Securities | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Phillip Securities base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Phillip Securities supports the following base account currencies:
What are Phillip Securities's minimum deposit and withdrawal amounts?
The minimum deposit on Phillip Securities is $1000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Phillip Securities’s support team.
Markets and tradable assets
Phillip Securities offers a wider selection of trading assets than the market average, with over 2000 tradable assets available, including 100 currency pairs.
- Indices trading
- 2000 assets for trading
- 100 supported currency pairs
- Copy trading not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Phillip Securities with its competitors, making it easier for you to find the perfect fit.
| Phillip Securities | Plus500 | Pepperstone | |
| Currency pairs | 100 | 60 | 90 |
| Total tradable assets | 2000 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products Phillip Securities offers for beginner traders and investors who prefer not to engage in active trading.
| Phillip Securities | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Online support is available 24/5. If traders request assistance through the feedback form, Phillip Securities’ experts respond by phone or email on weekdays from 9:00 to 17:30 (GMT+7). The hotline is available from 8:30 to 17:20 Monday through Friday.
Advantages
- Various communication channels
- LINE and Facebook provide round-the-clock support
Disadvantages
- No live chat on the broker’s website
- Delays are possible when contacting support by email
Available communication channels are:
-
Telephone;
-
Facebook;
-
LINE;
-
Feedback form.
Services to existing and potential clients are also provided in the broker’s offices in Bangkok and other cities of Thailand.
Contacts
| Registration address | Phillip Securities (Thailand) Public Co. Ltd, 15th Floor, Vorawat Building, 849 Silom Road, Silom, Bangrak, Bangkok 10500 |
|---|---|
| Regulation | SEC |
| Official site | https://www.phillip.co.th/en |
| Contacts |
02 153 9222
|
Education
Phillip Securities' website offers limited educational resources. Assistance for beginner investors is primarily provided through seminars and webinars conducted by the company's experts and analysts.
The News section contains information about upcoming educational seminars and their location. Webinars are held on ZOOM and are available to all investors.
Comparison of Phillip Securities with other Brokers
| Phillip Securities | Eightcap | XM Group | RoboForex | Vantage Markets | FxPro | |
| Trading platform |
Phillip NOVA (LME), Fund SuperMart, Settrade Streaming, POEMS 2.0, POEMS Professional | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5, TradingView, ProTrader, Vantage App | MT4, MobileTrading, MT5, cTrader, FxPro Edge |
| Min deposit | $25000 | $100 | $5 | $10 | $50 | $100 |
| Leverage |
From 1:1 to 1:1 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 50% | 25% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Detailed Review of Phillip Securities
Phillip Securities is part of Phillip Capital Group, which has representative offices in 15 countries. It provides access to international markets and trades securities on exchanges in 14 countries, including the U.S., UK, France, Canada, Australia, Japan, etc. Moreover, since 2012, Phillip Securities has been offering access to 15 global futures exchanges, such as CME, CBOE, JPX, Tocom, HKFX, BMD, and SGX.
Phillip Securities by the numbers:
-
The broker has been on the market for over 26 years;
-
15+ offices in Thailand;
-
Partnership with 20+ insurance companies;
-
The company provides agency services to 20+ capital management companies.
Phillip Securities is a broker with a wide choice of markets, exchanges, and trading platforms
Phillip Securities offers a special account type for trading futures and options on TFEX (Thai Futures Exchange). Available instruments include futures on gold, silver, SET50 Index, certain stocks, USD, and Japanese rubber. The most traded options on TFEX are options on SET50 Index. The fee for online trades with futures on stocks is 0.09% of the contract amount. For other derivatives, fees are fixed per contract. Also, Phillip Securities provides a separate account type for trading on foreign futures exchanges.
Trading futures on the Thai exchanges SET and TFEX is done through the POEMS 2.0 or Settrade Streaming platforms, while on international exchanges, Phillip Nova and POEMS Professional are used. For trading securities on the SET exchange, you can use POEMS 2.0 or Settrade Streaming simultaneously, switching between accounts with a common balance. POEMS 2.0 is designed for trading both Thai and international stocks, while Fund SuperMart is a dedicated platform for investing in mutual funds.
Useful services offered by Phillip Securities:
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Insurance programs. Phillip Securities partners with over 25 insurance companies that offer various protection options for investors and their families.
-
Builders Plan. This is a savings account that works under the DCA principle. The minimum amount recommended by Phillip Securities experts to start investing in stocks is THB 1,000 a month.
-
Pension accruals. The company offers a mutual funds portfolio with middle and high risks for long-term profits. Investment advisors help with choosing a portfolio.
Advantages:
The hotline is available 24-hours;
Assistance of financial and investment advisors;
Trading platforms adjusted for mobile phones;
Withdrawals of small amounts on the day of request;
Asset portfolios for experienced and novice investors.
Phillip Securities provides access to trading various financial instruments on stock, commodities, and futures exchanges worldwide. The company also offers asset management, financial planning, and trading and investing education services.
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