Phillip Capital Limited Review 2020

Phillip Capital Limited General Fees

• Phillip Capital Limited withdrawal fees varies on payment method
• Phillip Capital Limited does charge inactivity fees
• Phillip Capital Limited does charge deposit fees

Broker	phillipcapitallimited	eToro	XTB	Pepperstone
Min Deposit	200	200	0	200
Withdrawl Fees	varies	Yes	varies	No
Inactivity Fees		Yes	No	Yes
Deposit Fees		No	No	No
CFD Commission Fees		No	Yes	Yes

Phillip Capital Limited Commissions

• Phillip Capital Limited does charge commission on CFD instruments.

Trading on Phillip Capital Limited web platforms and other applications

Phillip Capital Limited is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Phillip Capital Limited also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

Phillip Capital Limited Trading benefits :

• Allows hedging
• Offers STP
• Low min deposit

Phillip Capital Limited Trading Accounts Offered :

• Demo account
• Standard account
• ECN account
• STP account

Can I try Phillip Capital Limited before I buy?

Phillip Capital Limited offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Phillip Capital Limited withdrawl and funding methods.

Phillip Capital Limited offer the below funding payment methods. learn more about Phillip Capital Limited

• PayPal
• Skrill
• Neteller

Broker	phillipcapitallimited	eToro	XTB	Pepperstone
Bank transfer	No	Yes	Yes	Yes
Credit Cards	No	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	No	Yes	Yes	Yes
Neteller	Yes	Yes	Yes	Yes

How can I start trading with Phillip Capital Limited?

When opening a trading account with Phillip Capital Limited, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Phillip Capital Limited trading platforms here.

Performing trades with Phillip Capital Limited

Phillip Capital Limited allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Phillip Capital Limited allow you to execute a maxium trade of varies. As Phillip Capital Limited offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Phillip Capital Limited Leverage and Phillip Capital Limited CFDs Explained

let's take a look at some of the basics of using Phillip Capital Limited leverage.

Phillip Capital Limited offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Phillip Capital Limited leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Phillip Capital Limited trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Phillip Capital Limited leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Phillip Capital Limited CFDs are typically used for short to medium term trades. For example Phillip Capital Limited intraday trading.

Education resources at Phillip Capital Limited

To trade effectively with Phillip Capital Limited, it's important to get a have a good understanding of the Phillip Capital Limited trading tools and the markets.

Phillip Capital Limited offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Phillip Capital Limited.

Take time to look around the Phillip Capital Limited platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Phillip Capital Limited

Phillip Capital Limited support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Phillip Capital Limited have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Phillip Capital Limited less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Phillip Capital Limited

We tested the Phillip Capital Limited live chat and it works well. We sent messages to Phillip Capital Limited livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Phillip Capital Limited support in multiple languages in multiple countries. Phillip Capital Limited where able to resolve our customer issues.

Email Support at Phillip Capital Limited

We sent several emails to Phillip Capital Limited and answer times overall were excellent. The fastest response from Phillip Capital Limited was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Phillip Capital Limited, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Phillip Capital Limited.

Phone Support at Phillip Capital Limited

We called Phillip Capital Limited and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Phillip Capital Limited phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Phillip Capital Limited team by calling in varying languages. Phillip Capital Limited made an effort to make sure our queries were answered.

Overall the phone support from Phillip Capital Limited was okay.

See how Phillip Capital Limited Support Compares Against Other Brokers

Broker	phillipcapitallimited	eToro	XTB	Pepperstone
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More	Visit Phillip Capital Limited	Visit eToro	Visit XTB	Visit Pepperstone
Risk Warning	Your capital is at risk	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with Phillip Capital Limited

As Phillip Capital Limited is regulated by Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA), Financial Services Authority (FSA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Phillip Capital Limited's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Phillip Capital Limited you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.phillipcapital.com.au/ on 12th August 2018.

Phillip Capital Limited review written by Andrew Blumer and Mark Hansen