Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
maseko
Within 1 year

Does Phillip Securities provide traders with the option to open an Islamic (swap-free) account?

Broker Issues
Phillip
Platform
Instruments
Account
Leverage
01-13
United States
WikiFX
Reply

Based on my in-depth review of Phillip Securities, I was unable to find any clear reference to Islamic (swap-free) account options in their official product information or client offerings. As someone who takes regulatory compliance and account transparency seriously, I find it important to highlight that Phillip Securities mainly outlines its regulated status under the Japan FSA, a robust track record, and access to various domestic and overseas exchanges, but does not specify provisions related to swap-free trading or accounts tailored for Sharia-compliant needs. From my experience, reputable brokers offering Islamic accounts typically make such features known due to their specific relevance to a broad subset of traders. Here, the absence of explicit mention raises the likelihood that Islamic account functionality is not part of their standard offerings. Since an Islamic account fundamentally requires the removal of overnight swap or interest fees—a point of critical importance for many traders—I always look for unambiguous documentation or dedicated customer support reference to such alternatives. As with any significant financial decision, I would exercise further caution and directly contact Phillip Securities for up-to-date clarification if swap-free trading is a necessity. Without official confirmation, I would personally proceed under the assumption that a genuine Islamic (swap-free) account is not currently available through this broker.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com