PhillipCapital Review

What is Phillip Capital?

PhillipCapital UK is a member of the PhillipCapital Group. It was established in Singapore 40 years ago. There are 16 offices worldwide and more than $1 billion in shareholder funds. Broker trading focuses on CFD, FX and commodities markets through the MT4 platform. It is a true believer that quality is more important then quantity.

The PhillipCapital UK branch was launched in 2015 with the goal of group expansion and spreading the Forex services. A trading process that is based on well-established financial services. PhillipCapital works closely with liquidity providers and STP execution . This allows them to obtain better rates than their industry peers . The best part is that the company shares the low rates with clients rather than keeping profits to themselves.


Broker: PhillipCapital

Minimum deposit: 5,000 US$

Leverage: 1:30

Regulator: FINRA

Year: 2015

Platforms: MT4

HQ: Singapore



PhillipCapital Licences:

  • Phillip Capital Inc. - Authorized by FINRA (US).


Overview

Phillip Capital are a global online financial trading platform and multi asset broker founded in 2008

Over 14 years later Phillip Capital Limited has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, and Share Dealing trading.

Phillip Capital Limited are a global broker. Phillip Capital Limited have a head office in Australia.

Pros

  • No brokerage fees for trading stock market assets.

  • Providing access to major American and global exchanges, including CME, EUREX, CBOT, DME, IEX, COMEX, NYMEX, NFX, ICE US, CFE (CBOE), and ICE EU.

  • Uses proprietary software.

  • Membership in all Asian futures exchanges, which allows traders to expand the list of available trading tools


Cons

  • High minimum deposit amount of $5,000.

  • Technical support is provided by phone, fax, or email; there is no online chat.

  • It does not cooperate with electronic payment systems and charges a commission for withdrawing funds from accounts.


Rating of the company overall

  • Reliability ⭐⭐⭐

  • Platform ⭐⭐⭐

  • Commissions ⭐⭐⭐

  • Support ⭐⭐⭐

  • Financial instruments ⭐⭐⭐

RATING: 3.0

Phillip Capital: Safe or scam?

Phillip Capital isn't a fraud. It is a FCA-regulated broker that offers extra transparency and low-risk Forex and CFDs.

PhillipCapital UK Limited is a registered office located in London, UK. It acts as part of the PhillipCapital Group that is authorized by and regulated under the Financial Conduct Authority.

FCA is a world leader in regulatory requirements and the set of rules that licensed brokers must follow. PhillipCapital UK adheres to strict regulations. This requires clients' money to be kept in separate accounts at reputable Banks while money is reconciled every day.

All financial processes are quick and accurate. Clients receive their payments within five working days.



Leverage

The broker's leverage level, also known as a loan, is a powerful tool that can dramatically increase your trading abilities. However, you need to be cautious as it works in reverse. Simply put, leverage is the ability to multiply your initial balance by up to 1:30 in Forex major currencies, 1/20 for minor currencies, and 1:10 in commodities.

These levers are also used by PhillipCapitall UK and are determined by regulatory requirements. The European regulatory body ESMA has recently updated the levels. This is due to the recognition of the risks associated with leverage positions.

Types of accounts

PhillipCapital offers four types of accounts that allow you to customize your trading experience. Premium account holders can also benefit from the VPN/VPS subscription, and the monthly rebate program .

Fees

Phillip Capital markets aren't very well known, but pricing is very competitive. Fees can either be built into s apred charges or commission charges depending on which account type you choose. The table below lists other fees, such as funding fees and non-trading charges.


Spreads


The PhilipCapital spreads offer one of the most competitively priced among all the competitors. The general offer includes 15 global indices (long or short), 45 currency pairs, and commodity trading from more that 20 liquidity providers. Compare the Standard account typical spreads. Keep in mind that higher-ranking accounts have more attractive costs. Compare to BDSwiss, another popular UK broker.

Withdrawals and deposits

Phillip Capital provides a variety of payment options once an account is opened. However, these are the most popular, and exclude e-wallets. Although the broker accepts debit card payments (Visa MasterCard, Maestro, Maestro), Bank Transfer / check (UK Only), credit card payments are not accepted.

Minimum deposit

Philip Capital Minimum deposit amount: 5,000$,Euro, or GBP to be eligible for the first category of Phillip Capital accounts.

Philip Capital Minimum Deposit vs Other Brokers

Withdrawal

There are no withdrawal fees or deposits for Philip Capital funding. Base account currencies include GBP / EUR/ USD.

You should note that the company charges PS15/month for accounts that have been inactive for less than 6 months.

Trade Platforms

Phillip Capital allows you to choose from the industry standard MT4 which is well-known among traders. It also offers an immediate start, without any prior education.

The MT4is compatible with mobile, tablet and desktop tradeswhile providing mobility and ease-of-use to traders of all styles. PhillipCapital is committed to fair and efficient trading. The platform has been enhanced by powerful insights, real-time news from Market News International and access to MT4 Expert Advisors.

Social trading

You can also use an automated trading platform, a world-famous and first Social Trading Platform – ZuluTrade. ZuluTrade allows you to find successful traders ranked according to ZuluRank, and to evaluate the algorithm. You can also translate trades into your PhillipCapitall account. You always have the option to execute trading orders through either ZuluTrades or MetaTrader4.

Education

PhillipCapital's customer-oriented business model is what sets them apart from the rest. This is evident in their generous offerings and provided operations. The Beginners traders may also benefit from the extensive learning materials. It is recommended that you always strive to improve your abilities and be better every day.

PhillipCapital is definitely worth considering. Their business model is attractive and has received numerous awards and recognition.

Conclusion

The PhillipCapital UK is based on the strong reputationof its mother company and its emphasis on trading opportunities. The company offers a range of trading accounts that include two Premiums, each with a different spread or commission. PhillipCapital also offers competitive prices.