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As an experienced trader, when I weigh the trading costs for indices like the US100 through Phillip Securities, I prioritize transparency and regulatory assurance. Phillip Securities is regulated by Japan’s FSA, which is reassuring for basic safeguards, but I found the available cost details somewhat limited. The broker is known to offer access to a wide range of exchanges and products, including indices. However, the WikiFX information does not provide specific spreads, commission structures, or margin requirements for trading indices such as the US100. From my experience, trading with regulated Japanese brokers typically involves explicit commissions in addition to the spread, and costs can also be affected by market volatility and liquidity. Some user reviews applaud Phillip’s low commissions and state that withdrawals are processed within 48 hours, which is a positive sign. Still, I believe that without clear, published fee schedules or demo accounts to test real conditions, it's essential to proceed cautiously. Other expenses to consider are potential overnight financing (swap rates) and any currency conversion fees, depending on the base currency of your account and the instrument traded. Ultimately, while Phillip Securities appears competitive in service and technology, my conservative approach demands direct confirmation of all trading costs with their client support before committing significant capital. Clear documentation and support responses are vital for peace of mind when trading high-profile indices like the US100.