Phillip offers forex trading of over 40 currency pairs, including currency majors such as US dollar (USD), euro (EUR), Japanese yen (JPY), and British pound (GBP). Customers can trade these currency pairs using the award-winning Phillip Metatrader 5 (MT5) platform, which comes with ZERO commissions and spreads as low as 0.6 pips. Lower upfront cost in the form of micro lots (Notional Value: $1000) are available for customers who are new to trading
Find out more about ZERO commission and low spread trading.
Why Trade Forex with Phillip
- Recipient of “Most Preferred Forex Broker – Gold” by ShareInvestors Award 2018
- Over 40 FX Pairs to fit your trading needs
- Low Spreads, from 0.6 pips on EUR/USD and 0.7 pips on USD/JPY
- Diverse range of forex trading platform
New to Forex Trading
The Foreign Exchange market is commonly known as Forex (FX). It is the largest financial market in the world with a daily trading volume of US$5 trillion.
When you are trading forex, you are buying/selling one currency for another at an agreed exchange price on the over-the-counter (OTC) market.
Unlike the stock market which has a fixed daily opening and closing hour, the forex market is open for trading 24 hours a day, 5 days a week.