Phillip Futures Wins Most Preferred Forex Broker Award In Singapore
Phillip Futures was recently recognised as the “Most Preferred Forex Broker” at the ShareInvestor Awards 2018, coming in ahead of online forex broker, FBS and City Index.
In fact, the PhillipCapital Group, of which Phillip Futures is a member of, received a total of three awards at ShareInvestor Awards 2018.
⇨ Most Preferred Forex Broker – Gold
⇨ Most Preferred Local Brokerage Firm – Gold
⇨ Most Preferred Mobile Trading Platform (Equities) – Gold
Established in 1983, Phillip Futures is a founding clearing member of Singapore Exchange Derivatives Trading, and the firm’s range of services includes the trading of global futures, foreign exchange, energy, metals and commodity futures. Today, the Group has over 27 exchange clearing memberships across continents, giving its clients efficient access to a wide variety of products to trade.
The award is evidence that the homegrown firm’s efforts to grow its capabilities and support its growing client base is being recognised by local investors. Over the years, Phillip Futures has established itself as a favourite among Singaporean investors, with its comprehensive range of products and trading platforms. New investors and experienced traders alike, speak highly about the services that the brokerage offers.
Here is why Phillip Futures is still your preferred Forex broker:
⇨ It offers some of the lowest spreads and some of the most attractive swap charges on several currency pairs, a major benefit to Forex traders
⇨ To meet varying needs of diverse client profiles, Phillip Futures offers both mini and regular sized contracts.
⇨ Phillip Futures’ dealing and technical support, on all products, are available around the clock to help you with any queries that you may have.
⇨ Phillip Futures’ customers have access to updated information and news about the financial markets from Phillip Futures’ dedicated team of analysts and experts.
⇨ You get to choose from a wide range of trading platforms. These include FX trader, FX365, and Phillip MetaTrader 5 (MT5). Phillip MT 5 was just launched in mid 2018 and the platform, available in both mobile and desktop and known for its automatic trading capabilities, has seen high download figures and very positive feedback.
An exclusive offering in Singapore: MetaTrader 5
The MT5 multi-asset trading platform is acknowledged by industry experts to be simple to use and highly versatile .
At the time of its introduction, Phillip Futures ran a promotional campaign to introduce retail traders to the advantages of the platform. The inaugural MT5 Forex Trading Challenge, which was held in May 2017, received an overwhelming response from investors and traders. Many individuals who took part in the competition gained financially as well. Phillip Futures awarded prizes of a total value of US$52,000 to a total of 349 winners.
The MT5 platform has rapidly gained in popularity since its introduction last year. Phillip Futures currently has 1,674 clients on the MT5 platform, including both demo + live clients, and that number continues to grow.
Why has the MT5 become so popular? The state-of-the-art platform offers users many fundamental and technical analysis tools. You can also automate your trading by using robots. These robots execute your instructions without the need for human intervention.
One year on and Phillip Futures is still the only brokerage in Singapore to support the MT5, offering ZERO commission trading on the platform.
To further enhance its support of the platform, Phillip Futures also entered into a partnership with forex news provider FXStreet in 2018.
FXStreet provides news that is relevant to the forex market in real time. It also offers forex analysis, exchange rates, charts, and an economic calendar. These features are now available to users of Phillip Futures’ MT5 platform.
In another positive development that will help its clients, Phillip Futures plans to introduce an industry-recognised pattern recognition tool. This will help investors to spot trading opportunities and maximise their profit potential.
A well-deserved award for continued innovation
Even as the recent “Most Preferred Forex Broker – Gold” award affirms Phillip Futures’ recent moves, the firm is not expected to stand still.
The philosophy of the firm is best summed up by the statement made by Mr Teyu Che Chern, the chief executive officer of Phillip Futures when he received the award at ShareInvestor Awards 2018.
“These awards will encourage us to continue innovating and give customers our best in every way,” he said.