Bank Details

You can deposit funds through the below methods:

• Instant Bank Transfer
• Telegraphic Transfer

Internet Bank Transfer

Recommended for customers with a Malaysia bank account

1. For Futures Trading (Beneficiary name: Phillip Capital Sdn. Bhd.)

Bank SWIFT Code (For International Bank Transfer): MBBEMYKL

2. For Stockbroking (Beneficiary name : Phillip Capital Sdn.Bhd)

Bank SWIFT Code (For International Bank Transfer): MFBBMYKL

3. For Contract for Difference (CFD) Trading (Beneficiary name: Phillip Capital Sdn. Bhd. – CFD)

Please ensure that:

• Payee/beneficiary name is PHILLIP CAPITAL SDN BHD
• Your Phillip Capital Sdn Bhd account no. (e.g. PQR1234 / PKL001 / PF00001) is indicated under Initial/Reference/Description/Detail/Comment/Remarks
• Please enter your Phillip Capital account number without any hyphens, punctuation or spaces.

• Your proof of transfer is send to your broker representative. 

• Deposits made to Phillip Capital are not immediately received and instructions to liquidate in part or all of your positions may still arise before your funds are credited into your account. To avoid forced liquidation of positions, your deposits must be cleared and booked into your account/trading platform. Please note that liquidation instructions are irrevocable, even though we may be in the process of receiving your funds or crediting them into your account/trading platform.

Additional Notes:

• For any other query regarding funds deposit, you may contact us at (603) 2783 0388 or email pcsb_enquiry@phillipcapital.com.my.

• Supporting document(s) may be required to ascertain the source of funds.
• There may be delays in the crediting of clients’ funds arising from delays or service disruptions on the banking service providers’ end.
• There may be additional fees charged by the bank(s) involved in the processing of the telegraphic transfer. Phillip Capital will credit the actual amount received.

There is no fee for funds deposited through Instant Bank Transfer

Telegraphic Transfer

When transferring funds through telegraphic transfer, there will be various banks involved (i.e. remitting bank, intermediary bank(s) and receiving bank). Each bank may charge some fees for processing the transfer.

First Time Deposit

Futures: MYR1000 (BMD trading); MYR5000 (Foreign Exchange trading)

Contract For Difference: MYR1000

Stockbroking: RM10 (CDS Fees)

Successful transfers can be credited instantly, to within 1 hour with Internet Bank Transfer during office hour.

For telegraphic transfers, the funds generally should be received within 1 to 5 business days. The time taken varies depending on the country or bank the funds are being sent from. Please check with your remitting bank for more details.

Please consider faster funding methods (Instant Bank Transfer) through which funds can be credited instantly to within 1 hour during office hour.

If cheque deposit is the preferred funding method, it can be made directly to Phillip Capital Sdn Bhd’s bank account. Phillip Capital does not accept cheques at our offices.

Funds will only be credited to your account after the cheque is cleared by the bank. For margin calls/low equity situations, cheque deposits will not be taken into consideration until after the cheque has been cleared.

As we need to ascertain the sender of the cheque, please take the following steps when depositing cheques:

1. Cheque to be made payable to Phillip Capital Sdn Bhd, cross the cheque and strike off bearer.
2. Indicate Phillip Capital’s bank details, your Phillip Capital account number, and your contact number at the back of the cheque.
3. Take a photo of the front and back of your cheque, and the deposit slip with bank stamp.

4. Send the photo to your broker representative.