Phillip Securities Review 2024
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
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 5.17 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
Financial expert and analyst at Traders Union
Phillip Securities, one of Thailand's oldest brokers, pioneered online trading on regional and international stock exchanges for residents and non-residents. The broker is supervised by the SEC, which is an important advantage for its clients since the SEC is responsible for investor interest protection, prevents market manipulations, and ensures that all participants comply with financial laws and regulations.
The broker provides access to trading on the largest global exchanges, including the NYSE, Nasdaq, Australia Stock Exchange, Tokyo Stock Exchange, and London Stock Exchange. It also acts as a registered member of Thailand's securities and derivatives exchanges, which allows its clients to trade assets directly and not through intermediaries.
Phillip Securities offers a diverse range of account types for trading not only with traders’ funds, but also using loans. The broker wants to make investment available to everyone, allowing traders to choose a fund or a ready-made strategy with minimum investments of THB 1,000 a month.
Phillip Securities Summary
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 |
| 💵 Replenishment / 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 |
| 💱 Spread: | No |
| 🔧 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 |
| 📋 Orders 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 is a member number 34 SET. It is regulated by the Securities and Exchange Commission of Thailand (SEC).
Phillip Securities is a subsidiary of Phillip Capital Group, other members of which are regulated by significant financial supervisory authorities. For example, brokerage services provided in the U.S. are regulated by the Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC), the National Futures Association (NFA), and the Commodity Futures Trading Commission (CFTC). The American division participates in SIPC (Securities Investor Protection Corporation), which ensures coverage of up to $500,000 if the broker fails to fulfill its financial obligations.
Advantages
- Adherence to all financial market regulations in Thailand
- Regular financial reports
- Transparent business model of the parent company
Disadvantages
- High initial deposit requirements
- Trading cryptocurrencies is not available
- It takes 3 days for the company to open accounts for new clients
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Equities account | 0.06% | THB 0 - THB 2,000 |
| Derivatives account | THB 6.3 but not less than THB 50 a day | THB 0 - THB 2,000 |
| Global Equities account | 0.2% of the trade amount but not less than $10 per order | THB 0 - THB 2,000 |
| Global Derivatives account | $2 per contract | THB 0 - THB 2,000 |
Traders pay for subscriptions to market data. For example, a subscription costs $10.5 monthly when trading futures on CME (Chicago Mercantile Exchange). Yet, there is a discount when using all four exchanges of CME Group (CME, CBOT, NYMEX, and COMEX) — traders pay $35 for data.
The table below provides the average trading fees of Phillip Securities and two Forex brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$10 | |
|
$1 | |
|
$8.5 |
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
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The company withdraws money to clients’ bank accounts, but they can choose the suitable method. Traders can use standard transfers, make payments through ATS, and submit requests in the POEMS mobile app.
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The broker’s clients can request a withdrawal of any amount. If requests for amounts less than THB 500,000 are submitted before 12:00 (GMT+7), funds are received by 15:30 the same business days or the next day if requests are submitted later.
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The withdrawal period increases if clients want to withdraw more than THB 500,000 per day. To receive the money the next day, submit the request by 15:00. Otherwise, the payment is made within 2 business days.
Investment Options
One of Phillip Securities’ priorities is providing investment services. The broker partners with the largest Thai and Asian capital management companies, acting as their agent. This allows its clients to work with investment funds of many providers through a single account and platform, which makes profit/loss monitoring and total return on investments easier.
Investment of capital in ready-made funds is a popular passive income option, even for novice traders
Mutual fund is a financial instrument that collects money from numerous investors and invests it in a securities portfolio. It is managed by professionals according to the fund investment strategy and investors’ goals.
Phillip Securities clients can invest in two types of managed funds:
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DCA (Dollar-Cost Averaging). This is a strategy when a certain amount is invested for the long term in a portfolio that includes different assets. For example, instead of investing THB 50,000 in stocks with one payment, investors can choose DCA and invest THB 5,000 a month within 10 months. As a result, investors don’t face a significant financial burden and can buy assets at a more profitable average price.
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Phillip Fund SuperMart. These are mutual funds offered by 20 well-known collective investment companies. Phillip Securities clients can buy a share in one or several funds and hold it up to increase in its value, and then sell. Some funds offer additional income in the form of dividends from stocks in the portfolio, profits from rental of real estate in REIT (Real Estate Investment Trust), etc.
Investment funds offer advantages such as diversification, professional asset management, and liquidity. Moreover, they provide access to various market sectors and strategies that are not available to private investors outside the fund.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs from Phillip Securities:
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IFA (Independent Financial Agent). This program is for investment consultants with a certificate confirming their qualifications. IFA can attract clients interested in investing in Thai and foreign securities and funds, and receive rewards for that.
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IIA (Independent Insurance Agent). This program is intended for insurance experts with valid agent certificates. Working with Phillip Securities, they can recommend insurance programs offered by the broker’s partners to their clients and receive fees for that.
Phillip Securities’ partnership programs are designed for professional insurance and investment consultants, and not for retail investors. Except for requirements for qualification, there are also age restrictions.
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:
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Telephone;
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Facebook;
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LINE;
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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 | RoboForex | Exness | TeleTrade | AMarkets | FxGlory | |
| Trading platform |
Phillip NOVA (LME), Fund SuperMart, Settrade Streaming, POEMS 2.0, POEMS Professional | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, MT5, AMarkets App | MT4, MobileTrading, MT5 |
| Min deposit | $25000 | $10 | $10 | $10 | $100 | $1 |
| Leverage |
From 1:1 to 1:1 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 8.00% |
| Spread | From 0 points | From 0 points | From 1 point | From 0.8 points | From 0 points | From 2 points |
| Level of margin call / stop out |
No | 60% / 40% | No / 60% | 70% / 20% | 50% / 20% | 20% / 10% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | 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:
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The broker has been on the market for over 26 years;
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15+ offices in Thailand;
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Partnership with 20+ insurance companies;
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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.
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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.
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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.
User Satisfaction i