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In my experience with Phillip Securities, I found that they do not offer a free demo account option. For me, this is a notable drawback, especially for traders who rely on demo platforms to test strategies, familiarize themselves with the broker’s platform, or simply gain hands-on experience before committing real funds. The absence of a demo account raises the learning curve, as it prevents practicing under real market conditions without financial risk. For new traders, this increases the importance of self-education and simulated back-testing outside the broker’s environment. Additionally, since Phillip Securities primarily offers live trading access, there is no concern about restrictions like time limits or feature limitations on a nonexistent demo account. For a broker regulated by the Japan FSA and established for decades, I expected more transparency and accessibility in this area. As someone who values cautious and risk-managed entry into any new trading relationship, I consider the lack of a demo account a factor to weigh seriously. While the broker’s infrastructure and legal status may instill confidence, I would advise anyone—especially beginners—to proceed prudently and ensure they are comfortable trading real money from the outset.