Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Phillip Securities Pros & Cons
- 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.
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.
TU Expert Verdict
Phillip Securities carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
Phillip Securities User Reviews
-
5-star
0%
-
4-star
33%
-
3-star
67%
-
2-star
0%
-
1-star
0%
-
Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of Phillip Securities have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- 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 OANDA FOREX.com EUR/USD min, pips 0.3 0.1 0.7 EUR/USD max, pips 0.6 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 0.9 0.5 1.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Phillip Securities Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria5.8 /10Phillip 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 Full Name Securities Commission of The Bahamas Country of regulation Bahamas Investor Protection Fund No specific fund Regulation Level Tier-2 Phillip Securities Security Factors Foundation date - Negative balance protection NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.4 /10Phillip Securities offers the following account options: Standard.
Phillip Securities covers the core account types, making it convenient for traders with different preferences and strategies.
- Low minimum deposit
- Standard account with balanced trading conditions
- No VIP account option
- Micro lots are not available
Phillip Securities account types vs top competitors Phillip Securities Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo NoYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoPhillip Securities accounts trading conditions
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:
Account Type Description Equities account It is intended to trade securities on SET. Derivatives (TFEX) account This account type is designed to trade futures contracts on TFEX. Global Equities account It provides for trading securities on exchanges outside Thailand. All account types to access international markets are Cash Balance accounts, that is prepaid. Global Derivatives account It is intended for trading futures and options on global exchanges. To start trading, paying a full asset price is required. 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
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4 /10Phillip 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.
- Minimum deposit below industry average
- No deposit fee
- Bank wire transfers available
- Bank card deposits and withdrawals
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- 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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Phillip Securities base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Phillip Securities supports the following base account currencies: THB.
What are Phillip Securities's minimum deposit and withdrawal amounts?
The minimum deposit on Phillip Securities is $1,000, 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
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8.3 /10Phillip Securities offers a wider selection of trading assets than the market average, with over 2000 tradable assets available, including 100 currency pairs.
- Indices trading
- Commodity futures are available
- 100 supported currency pairs
- Crypto 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 Trading.com Plus500 Currency pairs 100 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2000 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices YesNoYesOptions YesNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs YesNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Phillip Securities by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.7 /10We successfully registered an account with Phillip Securities in 12 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Phillip Securities is $1,000. Overall, the account setup process is efficient and suitable for most traders.
- Low minimum deposit requirement
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Account approval may require extra time depending on the documentation.
Phillip Securities account opening Phillip Securities Trading.com Plus500 Online Registration YesYesYesMinimum deposit $1,000 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 12 20 KYC time (days) 2 2 3 Is Phillip Securities available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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.
-
Customer Support
Score:We evaluated Customer Support at Phillip Securities by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.1 /10Customer support at Phillip Securities is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Phillip Securities provides basic support functionality but does not stand out in overall service performance.
InformationOnline 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.
- Various communication channels
- LINE and Facebook provide round-the-clock support
- 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 solutions@phillip.co.th 02 153 9222
Best Phillip Securities Alternatives
FAQs
How is Phillip Securities regulated and what does its safety score indicate?
Phillip Securities is regulated by the Securities Commission of The Bahamas (SCB), which is classified as a Tier-2 regulator, and it has a safety score of 5.8/10, corresponding to a Medium security level. The broker does not provide negative balance protection, has no specified investor compensation fund, and its foundation date is not stated in the review, which may be relevant for assessing overall risk.
What do reviews say about Phillip Securities’ overall user satisfaction?
Phillip Securities has a user satisfaction score of 6.7/10 based on 3 reviews, with 33% of ratings at 4 stars and 67% at 3 stars. According to user reviews, overall sentiment is mixed rather than strongly positive or negative.
How competitive are Phillip Securities’ trading and non-trading fees?
Phillip Securities has a fees score of 6/10, indicating Medium overall fee levels, with low forex trading fees and no deposit, withdrawal, or inactivity fees reported. Standard account spreads are floating, with typical EUR/USD spreads between 0.3–0.6 pips and GBP/USD between 0.5–0.9 pips, and the broker does not offer RAW/ECN accounts.
What do user reviews and feedback mention about opening a trading account with Phillip Securities?
The review notes that an account with Phillip Securities was opened in 12 minutes, with KYC verification completed within 2 business days and a minimum deposit of $1,000. Based on available user reviews in this section, the account setup process is described as fully online and generally efficient, though approval time can depend on the documents provided.
What deposit and withdrawal options and limits does Phillip Securities offer, according to user feedback?
Phillip Securities supports deposits and withdrawals via bank cards and bank wire transfers, with no deposit fee, a minimum deposit of $1,000, and a minimum withdrawal of $1, but it does not support USDT, BTC as a base currency, PayPal, or Wise. The broker has a low safety score of 4/10 for deposit and withdrawal processes, and the limited payment methods may reduce flexibility for some users.
Articles that may help you
-
#For Beginners
Phillip Securities Available Countries – Full List (2026)
October 2026 Peter Emmanuel Chijioke -
#For Beginners
Phillip Securities Withdrawal Fees, Time & Payment Methods (2026)
October 2026 Peter Emmanuel Chijioke -
#For Beginners
Institutional Forex Trading | Full Guide
October 2026 Aleksandra Chaikina -
#For Beginners
Top 10 Forex Educators and Mentors 2026
October 2026 Johnathan Maverick -
#For Beginners
cTrader Review | Trading Features, Pros And Cons
October 2026 Viktoras Karapetjanc -
#For Beginners
Why Is It Hard to Stop Trading After Losses? | TU Research
October 2026 Anastasiia Chabaniuk -
#For Beginners
Lowest Leverage In Forex: A Complete Guide
October 2026 Aleksandra Chaikina -
#For Beginners
October 2026 Aleksandra Chaikina
-
#For Beginners
Forex Leverage For Beginners: How It Works And What Level Is Safe
October 2026 Aleksandra Chaikina
