Futures brokers and platforms
Broker Review
Phillip Capital
The Phillip Capital platform dates to 1975 and is connected to Lim Hua Min. Today it is part of a Singapore-based financial group with U.S. futures clearing and brokerage operations, giving it a materially different operating model from a conventional all-purpose broker. Any valuation belongs to the listed company or parent rather than automatically to the product brand. The company is privately held or not separately listed, so no public market capitalization is available.
Strengths
- Is part of a Singapore-based financial group with U.S. futures clearing and brokerage operations
Drawbacks
- At Phillip Capital, leverage can produce losses well beyond the expected risk budget, while data, routing, liquidation and platform charges complicate the advertised commission
Profile
What you can trade
Phillip Capital provides listed futures and options on futures on supported U.S. exchanges. Its precise mix of micro contracts, commodities, rates, currencies and equity indexes follows the carrying FCM and chosen front end.
Account types
Individual, joint, IRA and entity futures accounts where supported; margin is contract-based and accounts are carried by the named or partner FCM. The registration structure reflects the fact that the service is part of a Singapore-based financial group with U.S. futures clearing and brokerage operations.
Platform
Phillip Capital supports its stated proprietary interface and/or third-party futures software such as TradingView, CQG, Rithmic, Sierra Chart, MotiveWave or Trading Technologies, depending on the account. The resulting workflow is tailored to a business that is part of a Singapore-based financial group with U.S. futures clearing and brokerage operations.
Who it suits
Best suited to Phillip Capital customers whose principal requirement is the capability described in this profile, rather than investors choosing a broker only because of a zero-commission headline.
Where it is offered
Phillip Capital is principally offered to eligible U.S. residents who can supply a Social Security number, domestic address and tax certification. Policies for territories, citizens living abroad and international applicants are specific to this firm.
Regulation and sources
Official website: https://phillipcapital.com/ Regulatory status should be verified through FINRA BrokerCheck, SEC/IAPD, NFA BASIC, state regulators or applicable alternative-asset disclosures. Last verified: 2026-08-11.