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.
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.
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Phillip Securities User Reviews
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5-star
0%
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4-star
33%
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3-star
67%
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2-star
0%
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1-star
0%
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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, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- No ECN/Raw Spread account
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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
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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.
- Standard account with balanced trading conditions
- Low minimum deposit
- No Swap Free account
- No VIP account option
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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.
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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.
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Trading Account Opening
We 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.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 /10Overall, the account setup process is efficient and suitable for most traders.
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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 /10
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FAQs
How are trading commissions and non-trading fees structured at Phillip Securities?
Phillip Securities is assessed as having medium overall fees, with low forex trading fees and no charges for deposits, withdrawals, or inactivity. For Standard accounts, commissions are included in floating spreads, with typical EUR/USD spreads ranging from 0.3 to 0.6 pips and GBP/USD from 0.5 to 0.9 pips, though these may widen during high volatility. The broker does not offer ECN/Raw spread accounts, so there is no separate commission-per-lot ECN pricing.
What types of trading and investment accounts are available at Phillip Securities?
Phillip Securities offers a Standard trading account with a low minimum deposit but does not provide ECN, VIP, micro, cent, swap-free, managed, or demo accounts. For Thai residents aged 20 or older, there are specific account types such as Equities (SET), Derivatives (TFEX), Global Equities (cash balance, prepaid), and Global Derivatives accounts, all accessible via POEMS platforms or the broker’s website. The broker also states that it provides access to various markets and professional investment and trading advice, although detailed conditions for each account type are not fully specified in this section.
What do user reviews and feedback say about Phillip Securities overall?
Phillip Securities has a user satisfaction score of 6.7/10 based on three reviews, with 33% of ratings at 4 stars and 67% at 3 stars, and no 5-, 2-, or 1-star ratings. This distribution indicates a mixed but moderately positive perception, where users do not report extremely negative experiences but also do not rate the broker at the highest level. According to user reviews, the overall impression is balanced rather than strongly favorable or unfavorable.
Which markets and tradable assets can clients access with Phillip Securities, according to reviews?
Phillip Securities provides access to over 2000 tradable assets, including 100 currency pairs, stocks, stock indices, commodity futures, and options, but does not offer cryptocurrencies or bonds. For more passive or investment-oriented products, the broker supports ETFs but does not provide copy trading, PAMM investing, or managed accounts. The section does not specify detailed conditions such as contract sizes or margin requirements for these instruments.
What feedback is available on the quality and availability of Phillip Securities customer support?
Customer support at Phillip Securities is described as basic, with moderate response times that can vary depending on the complexity of the request and occasional delays, especially via email. Support is available online 24/5, with phone and feedback-form assistance during specified weekday hours (GMT+7), and clients can also use telephone, Facebook, LINE, and physical offices in Thailand. The broker does not provide live chat on its website, and the section does not include detailed user comments on specific support experiences.
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