- Types of accounts
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PhillipCapital UK is part of the PhillipCapital group of companies, founded 40 years ago in Singapore with offices in 16 countries and 1 million clients worldwide. Offering brokerage trading, the main focus is on Forex, CFDs and commodity markets on the MT4 platform. PhillipCapital UK was opened in 2015 in the UK with the aim of expanding its offer in the Forex market.
PhillipCapital – regulated broker?
PhillipCapital UK Limited operates through its registered office in London (UK) as part of the PhillipCapital group, which is authorized and regulated by the FCA.
How are you protected?
In fact, the FCA is one of the world's leading regulators in terms of regulatory requirements and the set of rules that every licensed broker is required to follow. Therefore, PhillipCapital UK follows strict regulatory standards, according to which clients ' money is kept in separate accounts with reliable banks and protected by a compensation Fund in the event of the company's insolvency.
What is the maximum leverage in PhillipCapital?
Since the recently updated regulatory body in Europe, ESMA, has set limits on leverage levels, the maximum leverage in PhillipCapital UK is up to 1: 30 for major Forex currency pairs, 1:20 for minor currency pairs, and 1: 10 for commodities. For professional traders who have confirmed their status, the leverage can be increased to 1: 100.
What trading accounts does PhillipCapital offer?
PhillipCapital offers five types of accounts that differ in amount.the minimum Deposit, the size of spreads, and trading instruments. Below is a comparison of account types in PhillipCapital.
PhillipCapital trading platforms
When trading with PhillipCapital, you can use the popular MT4 trading platform, which is well-known to most traders and allows you to immediately start trading without prior training from scratch thanks to its client-friendly features. Along with this, the broker PhillipCapital has improved the MT4 platform with powerful analytical data, access to investment research information provided by Trading Central, real-time news from Market News International, and access to MT4 and FxWirePro™expert advisors.
In addition, you can also use the automated social trading platform – ZuluTrade. It allows you to find successful traders whose trades can be copied and profit without special knowledge and training.
PhillipCapital trading tools
The trading offer includes 15 global indices, 45 currency pairs available for both hedging and market speculation, as well as commodity trading from more than 20 liquidity providers.
Fees and commissions
Phillip Capital's offer is not as widely presented as usual, but spreads are indeed among the most competitive among competitors.
What is the minimum Deposit in PhillipCapital?
The minimum Deposit amount for a standard account is 2000 us dollars, euros or pounds, which is quite a lot for novice traders and is more suitable for experienced players.
The brokerage company does not charge additional fees for withdrawals, but you should keep in mind that the broker withholds a fee of 15 pounds per month for accounts that are inactive for 6 months until the account balance becomes zero.
PhillipCapital UK provides a limited set of trading tools, considering that it is better to focus not on the number of assets, but on the quality of services provided. And the broker does a good job of this, offering competitive prices and low spreads. And the long-standing reputation of the parent company and the regulation of the FCA, one of the most reliable regulators, makes the broker PhillipCapital safe and reliable.
However, a sufficiently large minimum Deposit may not be suitable for novice traders, so before choosing a broker, we recommend that you look at the reviews of PhillipCapital and our rating of Forex brokers.
- The year of Foundation 2015
- Head office address 3rd Floor, 12-14 Mason’s Avenue, London EC2V 5BT
- Maximum leverage 1:100
- Min. Deposit $2000
- Regulation FCA
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards
- Number of trading instruments 45
- The number of CFD instruments 15
- The number of metals 2