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PhillipCapital is a legitimate financial institution, offering a variety of trading instruments and managing over US$35 billion in assets. However, its unregulated status is a significant concern. Without the regulatory protections offered by authorities like the MAS, traders face increased risks when using their services. For anyone looking to log in to their PhillipCapital login or start trading, the lack of regulatory assurance means that the firm could be exposed to market manipulation or financial mismanagement, without any external oversight. While the firm provides a wide range of services, its lack of regulation leaves clients without the protections that come with a regulated broker. For me, this raises red flags, as the absence of regulation means there is no official oversight to ensure that the firm operates fairly and ethically. Therefore, I would be hesitant to fully commit to PhillipCapital without clearer regulatory protections in place.