Score
Hong Kong
|
Above 20 years
| http://www.poems.com.hk/en-us/
Website
Rating Index
Influence
B
Influence index NO.1
Hong Kong 6.35
LicensesLicensed Entity：Phillip Commodities (HK) Limited
License No. AAZ038
Single Core
1G
40G
1M*ADSL
Hong Kong
WikiResearch Hong Kong poems.com.hk Hong Kong Hong Kong
VIP is not activated.
| Phillip Securities Group Review Summary | |
| Founded | 1975 |
| Registered Country/Region | Singapore |
| Regulation | SFC |
| Market Instruments | Securities, futures, forex, bonds, ETFs, insurance |
| Demo Account | ❌ |
| Trading Platform | Hulit City Online, Hulit City Mobile, Stock Easy (SATS), Options Easy (OATS), Futures Trading (FATS) |
| Minimum Deposit | / |
| Customer Support | Tel: (852) 2277 6555 |
| Fax: (852) 2277 6008 | |
| Email: cs@phillip.com.hk | |
Established in 1975 and headquartered in Singapore, Phillip Securities Group is a multi-asset financial services company governed by the Hong Kong SFC. Its own trading systems offer a complete range of investment options including futures, FX, stocks, bonds, and fund products. Although platform features and account diversity are good, it lacks a demo or Islamic account right now.
| Pros | Cons |
| Licensed by Hong Kong SFC | No demo account or Islamic accounts |
| Wide product range covering local and overseas markets | Some overseas trading incurs high minimum commission |
| Multiple custom trading platforms for different needs | Minimum deposit not clearly mentioned |
Under License No. AAZ038, Phillip Securities Group is governed by Hong Kong's Securities and Futures Commission (SFC), permitted for dealing in futures contracts and leveraged foreign exchange trading since December 9, 2003.
Including securities, futures, currency, bonds, insurance, and capital management solutions including managed funds and ETFs, Phillip Securities offers a thorough spectrum of investment and wealth management services.
| Trading Instruments | Supported |
| Securities | ✔ |
| Futures | ✔ |
| Forex | ✔ |
| Bonds | ✔ |
| ETFs | ✔ |
| Insurance | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
Phillip Securities (HK) Ltd. provides two primary kinds of live trading accounts: Margin Account and Custodian Account. The company lacks demo accounts or Islamic accounts.
Especially for online and day trading, Phillip Securities Group's costs are usually fair and consistent with industry standards. It waives custodial fees for most consumers and gives zero commission deals on chosen items. On the other hand, certain foreign market trades—especially by phone or in low-volume—may have greater minimum fees.
| Market/Product | Brokerage | Stamp Duty | Transaction Levy | Transaction Fee | CCASS/Other Fees | Custody Fee |
| HK Stocks (Online) | 0.08% (Buy ≤ HKD 30K: $0, Day Trade: 0.05%) | 0.10% | 0.00% | 0.01% | 0.01% (Min HKD 3, Max HKD 300) | Waived (<5000 board lots) |
| Warrants & CBBC | 0.03% Day Trade / 0.05% after HKD 50K | None | 0.00% | 0.01% | 0.01% (Min HKD 3, Max HKD 300) | Waived (<5000 board lots) |
| RMB Dual Counter Stocks | Online: 0.08% (Min CNY 60); Phone: 0.25% (Min CNY 100) | 0.10% | 0.00% | 0.01% | 0.01% (Min CNY 3, Max CNY 300) | Waived (<5000 board lots) |
| US Stocks (Online) | USD 0.0099/share (Min USD 1); Phone: 0.25% (Min USD 20) | None | SEC + FINRA + DTC fees apply | Included above | SEC/FINRA/DTC clearing fees | ❌ |
| China A-shares (Northbound) | Buy ≤ ¥30K: ¥0; Buy > ¥30K or Sell: 0.03% (Online) | 0.05% (SELL only) | Handling 0.00341%, Mgmt 0.002% | ChinaClear 0.001% | 0.002% via CCASS | Daily portfolio value × 0.008%/365 |
| Trading Platform | Supported | Available Devices | Suitable for |
| Hulit City Online | ✔ | Desktop / Web | Stock & futures traders needing full functionality |
| Hulit City Mobile | ✔ | Mobile (iOS/Android) | On-the-go stock traders |
| Stock Easy (SATS) | ✔ | Desktop | Beginner stock traders |
| Options Easy (OATS) | ✔ | Desktop | Options traders |
| Futures Trading (FATS) | ✔ | Desktop | Futures traders |
In my years of trading and evaluating brokers, legitimacy is always my foremost concern, especially with firms handling leveraged forex and multi-asset products. Phillip Securities Group stands out to me as a well-established entity, having operated for more than 20 years and holding regulation under the Hong Kong Securities and Futures Commission (SFC). That SFC license (No. AAZ038) grants it the authority to deal in futures and leveraged foreign exchange trading, which I view as a reassuring foundation since the SFC is one of Asia’s more respected regulatory bodies. For me, regulatory transparency and comprehensive product offerings are critical; Phillip Securities delivers both, presenting a range that spans forex, stocks, funds, and more. That said, I exercise caution with any broker, even one with a long operational history. A few operational points draw my prudent attention: the absence of demo accounts limits my ability to trial their unique platforms risk-free, and their fee structure—especially for certain overseas trades—may carry higher minimums, which could impact lower-volume or cost-sensitive traders. I noticed user sentiment is generally neutral to positive, though it appears limited. For me, the lack of widespread negative exposure or regulatory infractions over two decades lends credibility, but I always maintain vigilance. Overall, Phillip Securities Group meets my basic trust requirements, but I advise anyone to approach with the same thorough due diligence I apply to any financial intermediary.
Drawing from my personal trading experience and the data available, I have not found specific details about Phillip Securities Group’s swap fees (overnight financing costs) disclosed openly. This lack of transparent information on overnight charges raises important considerations for any serious forex trader like myself, since financing costs can materially affect my overall returns on leveraged positions held overnight. When evaluating any broker, I place a premium on clarity and upfront disclosure, particularly on variable costs like swaps. Compared to many global brokers who publish their swap rates or at least provide easy access to typical overnight financing rates, Phillip Securities Group falls short in this aspect. While the broker is solidly regulated by the Hong Kong SFC and offers competitive trading commissions and a wide suite of products, I find the omission of explicit swap fee information limiting for precise cost assessment. In my experience, other major brokers in the region and internationally will usually offer both published reference swap rates and responsive customer support to clarify these costs upon request. For me, this means I would approach overnight leveraged trading through Phillip Securities Group with extra caution. Before committing to significant overnight exposure, I would personally insist on contacting their support and requesting a clear breakdown of applicable swap rates for relevant instruments. This is a crucial step to avoid surprises, as overnight charges can subtly erode profits. Transparency on such key fees remains a deciding factor for my long-term trust and trading comfort with any brokerage.
From my experience evaluating Phillip Securities Group, their account offerings are notably focused, with only two main types available: the Margin Account and the Custodian Account. When comparing these, I notice each serves quite distinct trading needs, so as a trader, it's essential to match your trading style and requirements to what they offer. The Margin Account provides access to leveraged trading, which is essential if you intend to trade futures or leveraged forex products. Leveraged trading can enhance potential returns but also substantially increases risk, so it’s suitable only for traders who are knowledgeable and understand risk controls. In my case, when seeking more tactical and active short-term strategies, the Margin Account would be the necessary choice. The Custodian Account, by comparison, is tailored more toward those who want a straightforward approach without leverage, prioritizing asset safekeeping and possibly a more passive trading style. For me, this would fit when my primary goal is secure holding of investments over the medium to long term, rather than frequent trading or complex leveraged strategies. I do find the lack of demo and Islamic accounts to be limiting. Demo accounts are especially valuable for testing platforms or strategies risk-free before committing funds. Their absence means new users need to proceed more cautiously. Overall, the decision between account types at Phillip Securities Group, in my view, hinges on whether leverage and active strategies are central to your trading approach, or whether you value simplicity and safety in asset custody more highly.
Drawing from my experience as a cautious forex trader, I pay close attention to fee structures, especially hidden costs like inactivity fees. With Phillip Securities Group, I carefully reviewed the available information regarding charges but found no explicit mention of inactivity fees. Their detailed fee listings cover brokerage, stamp duty, transaction levies, and custody fees for various markets, but do not reference any penalties for account dormancy or inaction. That said, the absence of this specific fee in the broker’s disclosures doesn’t automatically guarantee it’s never imposed; sometimes terms regarding maintenance or inactivity are clarified within the client agreement or during the actual onboarding process. Given Phillip Securities Group’s long-standing reputation, SFC regulation, and emphasis on transparent trading costs, my expectation is that any such fees would be openly disclosed. Even so, I would never assume exemption without verification. My practice—especially with multi-asset brokers—is to ask their support team directly or obtain written confirmation before leaving an account idle for an extended time. This kind of direct check is essential for responsible trading and long-term fund preservation. So, while there is no clear evidence suggesting that Phillip Securities Group imposes inactivity fees, I believe prudent traders should confirm this detail with the broker before proceeding. This step minimizes potential surprises and ensures a fully informed trading experience.
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