Phillip Futures, most known for its Singapore-based futures trading offerings and recent entrance into the US futures trading market has confirmed its intention to setup offering forex trading options for US clients. Phillip Futures has filled out paperwork to setup as an FDM in addition to its current FCM status. Its intention is to have forex trading options available to US traders in the next 6-8 months.
Phillip Futures offers spot forex trading to its international clients currently via its proprietary forex trading platform, FX365 and via POEMS for professional traders. No word on whether Phillip Futures will offer the popular MetaTrader 4 platform with its up and coming US forex offering.
With the recent departure of Forex Solutions, GFT Forex, and other US forex brokers it’s refreshing to see another broker entering the US forex market.
About Phillip Futures USA:
Phillip Futures Inc. was formed in 2010 and is a Futures Commission Merchant (“FCM”) with full clearing membership to the Chicago Mercantile Exchange CME, CBOT, COMEX, NYMEX, NYSE LIFFE US, and CFE. We are based in Chicago, IL and located at the historic Chicago Board of Trade building.
We are a member of the PhillipCapital group of companies. Established in 1975as a stock broking firm in Singapore, the Group has since diversified to offer a comprehensive suite of financial services including broking of futures, foreign exchange, equities, fixed income, bonds , unit trusts, real estate, and insurance. With shareholder’s equity greater than 1 billion and global assets under custody greater than 18 Billion, the group has been profitable each year since its founding.
Phillip Capital employs more than 3,500 people worldwide, with its major interests in Singapore, Hong Kong and other member companies operating in China, Japan, Malaysia, Thailand, Indonesia, Sri Lanka, United Kingdom, France, and Australia and Turkey. This operation is the first foray into the US, and thus an important move for Phillip Capital.
Phillip Capital and Phillip Futures Inc. are privately owned and focused on serving the needs of our customers.