Brief information Philippos Asset Management
International digital broker Philippos Asset Management positions itself as an exclusive financial services provider, operating since 2019. Its head office is located at Schmidgasse 8, Zug, Switzerland, according to its official website phasset.net. The company also claims to be globally regulated, citing the following facts as evidence:
the Philippos Asset Management broker is listed in the Swiss legal entity register ZEFIX (identifier CHE 496.923.497), but this has no bearing on regulation;
has the LEI identifier 529900LGP0ACPMOHQ583, which is not a license;
claims itself a member of the MSI Commission, which is not a government regulatory body.
The Philippos Asset Management broker also publishes a document purporting to be a FINMA license. It does not contain a permit number or a valid link to the register, and does not appear to be an official notification from the regulator.
The company's contact information is available at +41 779 253283 and email at support@phasset.net.
Philippos Asset Management Trading Terms
The platform offers CFD trading on stocks, currencies, indices, commodities, and cryptocurrencies. Margin requirements, minimum order sizes, spreads, trading hours, swaps, and other trading conditions can be found in the section dedicated to each financial instrument.
The Philippos Asset Management broker also claims to provide access to corporate and government bonds on the secondary and primary markets through Euroclear and to protect transactions using the DVP mechanism. A detailed description of this service is not available.
Philippos Asset Management provides its clients with the TRADE platform, which is not a widely recognized or industry-standard trading software. No user manual or official documentation is provided.
Trading accounts at Philippos Asset Management
Clients can choose from five accounts designed for all investor categories, from beginners to major market participants:
Minimum deposits are $250, $750, $5,000, $50,000, and $250,000.
Spreads start at 1-2 pips for a basic account. For advanced users, they are "minimal" and "very low."
The Philippos Asset Management broker has waived commissions for beginners and the most active traders. For everyone else, commissions range from $3-7 per lot.
The list of available assets expands as the account value increases.
The broker also advertises the opportunity to open a savings, retirement, or staking account, but the terms are very sketchy.
Registration and personal account on phasset.net
The intermediary offers account openings using the following resources:
phasset.net;
user.privateaccall.net;
wt.phasset.org.
By entering your first and last name, contact information, country of residence, and password, you can access your Philippos Asset Management account.
Deposits and Withdrawals with Philippos Asset Management
The company does not provide information about the available withdrawal methods or terms from Philippos Asset Management. There is a brief mention of a bank account, but no details are provided, such as fees, limits, restrictions, or transaction times. This information can be obtained from support at +41 779 253283 or through your account at phasset.net.
Conclusion about Philippos Asset Management
The platform claims to have legal legitimacy; however, it manipulates users by overstating the importance of non-essential documents and legal attributes. Philippos Asset Management reviews will help you assess the company's true reliability and solvency.
