Accounts and service model
Sections ↑The US company is an execution and clearing intermediary. Its retail relationship summary does not promise investment advice or ongoing portfolio monitoring. An introducing broker or adviser can set the commercial relationship, so a group-wide advertised price is not a reliable account tariff.[5]
At a glance01
Account routes
| Route | Service |
|---|---|
| Futures | Exchange-traded futures and options; execution and clearingSource 1Source 2Source 5 |
| Securities | Stocks, bonds and options; custody and settlementSource 1Source 2Source 5 |
| Introduced account | Fees and services agreed through the introducing firmSource 1Source 2Source 5 |
| Direct retail relationship | Usually $5,000 opening balance; circumstances can change the thresholdSource 1Source 2Source 5 |
Markets and instruments
Sections ↑At a glance02
Futures venue coverage
At a glance03
Securities capabilities
| Service | Published scope |
|---|---|
| US equity access | More than 8,800 fractional-eligible securities advertisedSource 2 |
| Sessions | 24×5 access spanning pre-market, regular, extended and overnight sessionsSource 2 |
| Institutional workflow | White-label execution, algorithms and custodySource 2 |
| Treasuries | US government securities connectivity through FIXSource 2 |
Trading and account costs
Sections ↑At a glance04
Pricing layers
| Cost | How it is determined |
|---|---|
| Trading commissions | Account or introducing-broker agreement; no universal futures rate verifiedSource 5Source 9 |
| Securities principal trades | A transaction can include a markup or markdownSource 5Source 9 |
| Account administration | Maintenance and inactivity charges can apply under the relationship summarySource 5Source 9 |
| Outgoing domestic wire | Indexed May 2026 fee schedule: $10Source 5Source 9 |
| Outgoing international wire | Indexed May 2026 fee schedule: $20Source 5Source 9 |
The wire amounts come from the official schedule’s indexed text; the PDF itself did not open in this review. They should be reconciled with the account’s current fee notice before a transfer.[9]
Platforms, orders and margin
Sections ↑At a glance05
Futures margin mechanics
| Item | Published treatment |
|---|---|
| Minimum requirement | Exchange margin applies; broker requirements may be higherSource 3Source 1 |
| Intraday concession | Available only on request to qualified accountsSource 3Source 1 |
| Concession review | Depends on liquidity, volume, open interest and riskSource 3Source 1 |
| Platform choice | CQG, Rithmic, Trading Technologies and Sierra Chart are listedSource 3Source 1 |
A discounted intraday requirement does not establish a permanent leverage ratio or an entitlement to carry the position overnight. The instrument and account margin determine the cash requirement.[3]
Funding and withdrawals
Sections ↑At a glance06
Funding controls
| Item | Published rule |
|---|---|
| Instructions | Use the company’s current funding-document route for the relevant accountSource 10Source 11 |
| Borderless bank services | The page excludes transfers from services including Wise, Revolut, N26 and WioSource 10Source 11 |
| Introduced clients | Funding questions should first go to the introducing brokerSource 10Source 11 |
| No universal payout clock | The reviewed funding page does not promise a fixed bank-credit timeSource 10Source 11 |
At a glance07
Money-market sweep operation
| Event | Effect |
|---|---|
| Default | Free credit balances sweep automatically unless the client opts out in writingSource 8 |
| Current vehicle | Morgan Stanley Institutional Liquidity Funds Treasury PortfolioSource 8 |
| Sweep days | Business days excluding bank and NYSE holidaysSource 8 |
| Redemption | Can fund settlements, margin loans, short-sale and other obligationsSource 8 |
Regulation and asset protection
Sections ↑At a glance08
Three asset regimes
| Asset | Protection distinction |
|---|---|
| US futures funds | Customer segregation under futures rules; not SIPC protectionSource 6Source 8 |
| Foreign futures and cleared swaps | Separate regulatory fund classificationsSource 6Source 8 |
| Money-market fund shares | Securities protection can apply; no FDIC insurance or protection from market lossSource 6Source 8 |
| SIPC limit in sweep disclosure | $500,000 overall, including a $250,000 cash sublimit; eligibility governsSource 6Source 8 |
At a glance09
Segregation and concentration
| Measure | Disclosed position |
|---|---|
| Structure | Client funds are pooled separately from house funds; firm residual interest can be includedSource 4 |
| 30 September 2026 snapshot | 81% CME cash; 6% BMO; 5% ICE Europe; 3% ICE US; 3% US Treasuries; 1% CitiSource 4 |
| Rounding | Displayed percentages total 99%; the published rounded figures are retainedSource 4 |
| Meaning | Segregation is an asset-handling requirement, not a guaranteed recovery amountSource 4 |
Support and complaints
Sections ↑At a glance10
Published contact routes
| Purpose | Contact or hours |
|---|---|
| Client services | +1 312 356 9000; [email protected]Source 11 |
| Execution desk | +1 855 738 6710 or +1 855 763 6788Source 11 |
| Execution support | +1 312 374 2462Source 11 |
| Desk hours | Sunday 16:00–Friday 16:30, labelled CST by the companySource 11 |
| Office | 141 W Jackson Boulevard, Suite 1531A, Chicago, IL 60604Source 11 |
An introducing broker remains the first service contact for its clients. The published desk routes establish execution support, but the reviewed page does not specify a universal voice-order acceptance protocol.[11]
Additional services
Sections ↑At a glance11
Fully paid lending changes ownership rights
| Feature | Disclosure |
|---|---|
| Market exposure | The lender retains economic exposure while shares are on loanSource 7 |
| Voting | Voting rights are unavailable until shares are returnedSource 7 |
| Dividends | Substitute payments can have a different tax treatmentSource 7 |
| Recall or sale | Generally possible; an early exit from a term loan may create costsSource 7 |
| Collateral | Marked to the daily close and adjusted by the next business-day closeSource 7 |
| Insolvency | Loaned securities may not receive ordinary SIPA protection; collateral can be the principal recourseSource 7 |
The lending disclosure contains unfinished internal references. It establishes material risks, but not a complete client-specific revenue share or lending fee schedule.[7]
Company and legal entities
Sections ↑At a glance12
US legal identity
| Identifier | Evidence |
|---|---|
| Legal entity | Phillip Capital Inc.; incorporated in Delaware on 30 April 2010Source 12Source 6 |
| Broker-dealer | FINRA CRD 173869; SEC 8-69558Source 12Source 6 |
| Futures business | Company disclosure identifies its FCM and clearing activitiesSource 12Source 6 |
| Group distinction | Phillip Nova and other overseas affiliates are separate legal businessesSource 12Source 6 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Phillip Capital Inc.
No separate licence entry is recorded in this panel.
Sources & further reading
- Futures exchanges and platform connectivity Phillip Capital Inc. · Accessed 26 Oct 2026
- Securities clearing and custody services Phillip Capital Inc. · Accessed 26 Oct 2026
- Futures margin requirements Phillip Capital Inc. · Accessed 26 Oct 2026
- Customer segregated funds; September 2026 allocation Phillip Capital Inc. · Accessed 26 Oct 2026
- Form CRS, dated 11 September 2025 Phillip Capital Inc. · Accessed 26 Oct 2026
- Public risk disclosure, July 2026 Phillip Capital Inc. · Accessed 26 Oct 2026
- Fully paid lending disclosure, September 2025 Phillip Capital Inc. · Accessed 26 Oct 2026
- Money market sweep disclosure, September 2025 Phillip Capital Inc. · Accessed 26 Oct 2026
- Brokerage fees, indexed schedule effective 1 May 2026 Phillip Capital Inc.
- Funding documents and excluded bank services Phillip Capital Inc. · Accessed 26 Oct 2026
- Contact and execution-desk hours Phillip Capital Inc. · Accessed 26 Oct 2026
- FINRA BrokerCheck firm report, CRD 173869 FINRA · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.