PhillipCapital UK is a regulated online retail brokerage firm that offers forex and CFD trading in currency pairs, indices, energies, precious metals, and other commodities via the popular MetaTrader 4 platform, FIX API, and ZuluTrade social trading platform. They provide market analysis and flexible account types to suit different traders.
Founded in 1975, the broker has over 40 years of experience in financial markets and serves over 1 million clients worldwide, with billions of dollars in assets. They make use of top tier liquidity providers and operate a straight-through processing (STP) model, offering competitive trading fees with reliable execution speeds.
PhillipCapital UK Review Introduction
In this PhillipCapital UK review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including PhillipCapital UK.
PhillipCapital UK Platforms & Tools
PhillipCapital UK provides clients with a choice of advanced trading platforms that can help them implement their various strategies. They provided platforms include:
MetaTrader 4 (MT4)
This is a simple and intuitive platform that beginner traders naturally find easy to use. At the same time, it has a lot of advanced functionalities that make it very useful to experienced traders. The platform is available as a non-installable WebTrader that runs on modern browsers, desktop applications for Windows and Mac PCs, and mobile trading platforms for iOS and Android devices.
A social trading platform, ZuluTrade makes it possible for experienced traders to sell their trading signals and for investors to copy the signals. It has many statistics for analyzing the signal providers to know the best to choose.
With FIX API, professional traders can connect directly to the liquidity providers, thereby ensuring faster order executions.
The broker does not have standalone trading tools, but the MT4 platform comes with an abundance of advanced trading tools.
PhillipCapital UK Research & Education
The broker provides clients with a range of educational and research materials to stay on top of fundamental analysis. They include market commentary, an economic calendar, insightful webinars, and a glossary of different trading terminologies and their definitions.
PhillipCapital UK Trading Accounts
PhillipCapital UK allows clients to choose between an MT4 account and a ZuluTrade account, depending on whether the traders want to trade themselves or copy trading signals from others. There is flexible leverage of up to 1:30. Generally, the accounts are grouped into:
- Phillip: $200 minimum deposit, spreads from 1 pip, no commission
- Phillip Trader: $1,000 minimum deposit, spreads from 0.6 pips, no commissions
- Phillip Premium: $1,000 minimum deposit, spreads from 0.1 pips plus commission
- Phillip VIP: $20,000 minimum deposit, spreads from 0 pips plus commission
- Phillip Social: $200 minimum deposit, spreads from 1 pip plus commission
There are swap-free Islamic accounts on request. Demo accounts are available for practice purposes
PhillipCapital UK Account Funding
PhillipCapital UK accepts deposits by debit card and bank transfer (including internet banking). Withdrawals are processed via bank transfers. The transaction processing time depends on the method used, the type of transaction, and the time of request.
PhillipCapital UK Customer Service
The broker has a multilingual customer support team that is available from 8 am to 5 pm UK Time. They can be reached through online chat, phone, and email.
PhillipCapital UK Regulation
PhillipCapital Group is authorized and regulated by the Financial Conduct Authority (FCA) with reference number: 169760. The FCA is the UK’s financial body that regulates the activities of financial servicing companies in the UK.
PhillipCapital UK Review Summary
PhillipCapital UK is a well-regulated online broker that offers basic assets for trading via the MT4 platform and FIX API. They also provide the ZuluTrade platform for social trading.
It is worth mentioning that some of the trading products and services in this PhillipCapital UK review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the PhillipCapital UK broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.