• Narrow Spread
• High Leverage
• Flexible Trading Hours
• Efficiency and Transparency

When the account equity falls below the maintenance margin level, Phillip will make best effort to issue margin call via phone, email or message (if applicable) etc., requesting client to restore the account equity to initial margin level within a specified time by one of the following action：

1. deposit the margin amount; or
2. transfer from other Phillip accounts; or
3. close out position.

Otherwise, Phillip will force liquidate the account position. Client shall remain liable for any deficit in the account.
Moreover, at volatile market conditions, Phillip reserves the right to call for margin deposit from time to time. Client should always pay attention to account position and allow sufficient equity to cover potential margin shortfall.

Phillip will make best effort to call client margin, however, it may not be able to contact client timely due to various reasons (including volatile market condition). If client cannot restore the account equity to initial margin level within specified time, Phillip may request client to or force close position(s).

1. deposit the margin amount; or
2. transfer from other Phillip accounts; or
3. close out position

If equity falls below the required margin level or has negative balance when market opens after weekend or holiday, Phillip will make best effort to call client margin or force close position(s) at market price. Client shall remain liable for any deficit in the account.
Phillip will notify client any force liquidated position(s) by telephone, email or message, and also have those transactions identified in statement. If the force liquidation is not sufficient to cover negative balance in the account, client shall remain liable for any deficit in the account.