PhillipCapital UK Review for 2019

PhillipCapital UK Rated 4/5

PhillipCapital UK Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of PhillipCapital UK we break down the pros and cons. What PhillipCapital UK are able to offer, what countries PhillipCapital UK are available in. Who PhillipCapital UK are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open PhillipCapital UK's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to PhillipCapital UK

With this review we hope to help you see if PhillipCapital UK is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding PhillipCapital UK that will help you get off to a good start in the world of online trading.

PhillipCapital UK what you should know

PhillipCapital UK offer one way to trade: Forex.

With PhillipCapital UK you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with PhillipCapital UK platform.

PhillipCapital UK are able to accommodate various levels of traders whether you are experienced or a beginner.


Are PhillipCapital UK safe?

When choosing a broker like PhillipCapital UK the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1975, and in operation for 44 years PhillipCapital UK have a head office in Singapore.

PhillipCapital UK is regulated. This means PhillipCapital UK are supervised by and is checked for conduct by the Financial Conduct Authority regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to PhillipCapital UK, this will be honored. If PhillipCapital UK violate any regulatory rules their regulated status could be stripped.

Any payments funded to PhillipCapital UK accounts by traders are held in a segregated bank account.

For added security PhillipCapital UK use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with PhillipCapital UK. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit PhillipCapital UK

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 1975
  • Regulated by Financial Conduct Authority
  • Min. deposit from $1

What we don't like

PhillipCapital UK General Fees

  • PhillipCapital UK doesn't charge withdrawal fees
  • PhillipCapital UK does charge inactivity fees

PhillipCapital UK Commissions

  • PhillipCapital UK does charge commission on CFD shares

What can you trade with PhillipCapital UK?

You can trade a wide variety of instruments with PhillipCapital UK over 100 instruments infact.

If you are looking at trading currency pairs PhillipCapital UK offer over 15 currency pairs.

Compare PhillipCapital UK with Interactive Brokers and XTB below.

FX / Currencies PhillipCapital UK IB XTB
# of forex pairs offered 15 10 50
Major forex pairs Yes Yes
Minor forex pairs Yes
Exotic forex pairs Yes
Cryptocurrencies No Yes
Commodity CFDs PhillipCapital UK Interactive Brokers XTB
# of commodities offered 0
Metals Yes Yes
Energies Yes Yes
Agricultural Yes Yes
Indiced & Stock CFDs PhillipCapital UK Interactive Brokers XTB
# of Stocks offered 1500
UK Shares Yes Yes
US Shares Yes Yes
German Shares Yes Yes
Japanese Shares Yes Yes
PhillipCapital UK's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on PhillipCapital UK web platforms and other applications

PhillipCapital UK 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.

See PhillipCapital UK's platforms

PhillipCapital UK Trading benefits :

  • Low min deposit

PhillipCapital UK Trading Accounts offered:

Can I try PhillipCapital UK before I buy?

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

What funding methods do PhillipCapital UK accept?

PhillipCapital UK offer the below funding payment methods. learn more about PhillipCapital UK

How can I start trading with PhillipCapital UK?

When opening a trading account with PhillipCapital UK, 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 PhillipCapital UK trading platforms here.

Performing trades with PhillipCapital UK

PhillipCapital UK allow you to execute a minimum of trade of . This may vary depending on the account you open. PhillipCapital UK allow you to execute a maxium trade of .

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, PhillipCapital UK offer margin up to % on currencies.

Support at PhillipCapital UK

PhillipCapital UK support a limited number including

PhillipCapital UK have a double AA grade support rating because PhillipCapital UK offer live chat, phone, email support and less than three languages.

What you will need to open an account with PhillipCapital UK

As PhillipCapital UK is regulated by Financial Conduct Authority, 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 PhillipCapital UK'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 PhillipCapital UK 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.phillipcapitaluk.com/ on 12th August 2018.

PHILLIPCAPITAL UK Frequently Asked Questions

Can I try PhillipCapital UK before I buy?

PhillipCapital UK do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do PhillipCapital UK accept?

PhillipCapital UK offer the below funding payment methods among other payment methods. Learn more here

How can I start trading with PhillipCapital UK?

When opening a trading account with PhillipCapital UK, 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 PhillipCapital UK trading platforms here.

Is my money safe with PhillipCapital UK?

PhillipCapital UK is regulated by Financial Conduct Authority. One of the most important criteria for traders when choosing a broker like PhillipCapital UK is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to PhillipCapital UK, this will be honored. If they violate any regulatory rules their regulated status can be stripped.