Trading environment
Slippage, stability, execution and pricing anomalies
Public review signals—Weight 22%
Phillip Futures
BAPPEBTICommodity Futures Trading Regulatory AgencyPhillip Futures is the public brand of PT Phillip Futures, a BAPPEBTI-licensed Indonesian futures broker. Its April 2026 MT5-GOFX multilateral rules verify account-specific opening deposits, segregated-bank funding, withdrawal processing and auto-cut risk. They do not establish a brand-wide first deposit, numerical maximum leverage, starting spread or commission.
Last verified: 15 sept. 2026Sources and audit trail
This verified profile is fully translated in English and Simplified Chinese.
Overview
Phillip Futures is the public brand of PT Phillip Futures, a BAPPEBTI-licensed Indonesian futures broker. Its April 2026 MT5-GOFX multilateral rules verify account-specific opening deposits, segregated-bank funding, withdrawal processing and auto-cut risk. They do not establish a brand-wide first deposit, numerical maximum leverage, starting spread or commission.
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Regulation
Regulated (basic)
Main regulators
BAPPEBTIMain strengths
Main risks
Not enough reviews to assess risk themes
Building sampleUpdated 8 oct. 2026
AI web composite score
Five web-reputation dimensions plus one objective regulatory dimension for Phillip Futures
Insufficient evidence
Not included in formal rankings yetThe number of real sources or effective samples has not reached the publication threshold. Missing dimensions are left unscored rather than filled with zero or a neutral value.
Data confidence0% · Low
Deposits & withdrawals
Funding speed, withdrawals, checks and payment methods
Public review signals—Weight 18%
Customer service
Response time, expertise and complaint handling
Public review signals—Weight 13%
Trading costs
Spreads, commissions, swaps and hidden charges
Public review signals—Weight 18%
Sales conduct
Promotion terms, sales pressure and return claims
Public review signals—Weight 4%
Regulation & compliance
Scoring rulesReview sentiment is excluded. Licence quality accounts for 60%, jurisdiction coverage 25%, and Tier-1 diversification 15%. Additional licences have diminishing returns, while enforcement actions or licence suspensions may reduce the score.View full methodology →Licence quality, jurisdiction breadth and regulatory diversification
Objective regulatory facts4.5Weight 25%
There are not yet enough classified public signals to calculate a reputation score.
| Dimension | Score | related mentions |
|---|---|---|
| Trading environment | — | 0 |
| Deposits & withdrawals | — | 0 |
| Customer service | — | 0 |
| Trading costs | — | 0 |
| Sales conduct | — | 0 |
| Regulation & compliance | 4.5 | 1 |
Products
- ICDX GOFX exchange-traded multilateral products for the reviewed MT5 account
- PALN foreign-exchange products and JFX multilateral products require separate accounts and their own rules
Accounts
- MT5-GOFX multilateral individual account
- MT5-GOFX multilateral corporate account
- PALN Futures and JFX multilateral accounts, with terms not established by the reviewed GOFX rules
Platforms and tools
- The reviewed GOFX account uses MetaTrader 5 supplied for ICDX multilateral products.
- PALN Futures and JFX multilateral accounts are separate; their platforms and eligibility require separate confirmation.
Funding currencies
IDRUSD
Support and availability
BAPPEBTI lists +62 21 5790 6525 and futures@phillip.co.id. The GOFX rules permit dealing-desk contact 09:00–18:00 WIB for emergency assistance, with a specified USD 10 per-request/call MT5 charge. General support languages and 24-hour coverage were not verified.
The reviewed rules do not publish a complete restricted-country list. Account approval and product eligibility must be checked for the customer’s entity, region and selected contract.
Regulation
Regulators
PT PHILLIP FUTURES
Indonesia · BAPPEBTI
- Regulators
- BAPPEBTI
- Licence / registration number
- 69/BAPPEBTI/SI/9/2010
Client protection
Indonesian futures brokers are subject to BAPPEBTI rules and designated segregated-account requirements. The reviewed record does not establish protection from market losses or a deposit guarantee.
View protection details
Indonesian futures brokers are subject to BAPPEBTI rules and designated segregated-account requirements. The reviewed record does not establish protection from market losses or a deposit guarantee.
Broker licence 69/BAPPEBTI/SI/9/2010; SPA approval PALN 12/BAPPEBTI/KP/02/2011. Company registration alone is not treated as a brokerage licence.
Official record ↗Trading conditions
- Spreads from
- Not available
- Max leverage
- Not available
- Execution
- Not available
- Commission
- Not available
- Platforms
- MetaTrader 5
- Maximum leverage
- No reliable numerical maximum across the brand’s entities, regions, accounts and products is published in the reviewed registry and MT5-GOFX rules. Contract margins and a 30% auto-cut threshold cannot be converted into a universal leverage ratio.
- GOFX opening deposit and costs
- Only the MT5-GOFX multilateral account rules state an initial USD 500/equivalent for individuals and USD 25,000/equivalent for companies. The rules charge 11% VAT on commissions, but do not publish a universal commission amount or starting spread. A USD 10 emergency dealing-desk administration charge per request/call is limited to the specified MT5 assistance circumstance.
- GOFX execution and auto-cut
- GOFX orders use the ICDX-provided MetaTrader 5 online system. MT5 one-click market orders may fill immediately in normal conditions, while exchange error trades can be cancelled. For this MT5 account, equity at or below 30% of initial margin per lot triggers partial or full automatic liquidation; market gaps can leave a payable deficit. The rules do not establish a margin-call ratio or stop-out level for PALN and JFX accounts.
Leveraged futures can cause losses beyond available funds, especially after a market gap. Same-name segregated-bank funding does not insure trading losses. MT5 equity is indicative; the broker’s daily statement controls if figures differ, and error trades may be cancelled.
Payments
Deposits
1 methods| Method | Minimum | Processing | Fee |
|---|---|---|---|
| Same-name bank transfer to PT Phillip Futures’ BAPPEBTI-listed BCA segregated accountIDR · USD | MT5-GOFX only: individuals USD 500/equivalent; companies USD 25,000/equivalent. No all-account first-deposit minimum verified. | The GOFX rules say deposits received during 09:00–18:00 WIB are eligible for same-day limit-increase processing; received funds are processed toward MT5 approximately hourly. This is not a guarantee of bank receipt or platform credit. | No universal bank or broker deposit-fee schedule verified; IDR funds may be converted at the broker’s rate. |
Withdrawals
1 methods| Method | Minimum | Processing | Fee |
|---|---|---|---|
| Client-portal or form request to the registered same-name bank accountIDR · USD | No universal minimum withdrawal amount verified. | MT5-GOFX requests before 09:30 WIB are eligible for same-day broker processing; later requests go to the next working day, excluding bank/public holidays. This is not a guaranteed bank-credit deadline. | Any bank withdrawal charges are borne by the customer; non-USD conversions use the broker’s variable exchange rate. |
Accounts or cards must be in the client’s name. Availability, limits and checks depend on the contracting entity.
Promotions
Active offers and promotions from Phillip Futures
No verified active promotions.
Sources and audit trail
Last verified: 15 sept. 2026
- BAPPEBTI broker record — PT PHILLIP FUTURES10 sept. 2026
- BAPPEBTI 2026 first-quarter futures-broker assessment10 sept. 2026
- Phillip Futures MT5-GOFX multilateral trading rules, version 15 April 202615 sept. 2026
- Phillip Futures official site15 sept. 2026
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