Philip Capital UK Review
Regulated By: FCA
Headquarters: UK
Ranking: 31
Spread: 0.6 pips (EURUSD)
Leverage: 400:1
Minimum Deposit: $200
Phillip Capital UK Review & Author's Comment
Phillip Capital UK Review & Author's Comment
Phillip Capital UK is one of the most internationally known forex brokers with presence in more than 15 countries. Being regulated by FCA, I have nothing to say against the Company’s reliability and trustworthiness however I have few negative things to say about the services they offer. They have four types of accounts to offer their clients and ECN account is not one of them.
If you would like to get spreads as low as on an ECN account, you are going to have to deposit $10.000 and it is a lot, guys. Deposit and withdrawal options are one of the limited ones accepted by forex brokers that I have ever seen. The Company only accepts debit card and wire transfer for funding and withdrawing money. This is another downside that didn’t escape my attention. But like I said at the begining, it is one of the most trustworthy and professional forex firms in the industry.
| Broker Detail | |
|---|---|
| Adress: | 6th Floor, Candlewick House, 120 Cannon Street, London, EC4N 6AS |
| Phone: | +44 (0) 207 398 3100 |
| Web: | |
| E-Mail: | support@phillipcapitaluk.com |
| Regulator: | FCA (Reference Number 169760) |
| Year Founded: | 2014 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Debit Card |
| Withdrawal Methods: | Wire Transfer, Debit Card |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | English, Italian |
| Platforms | |
|---|---|
| Supported Platforms: | MetaTrader 4 |
| Webtrader: | |
| Mobile: | IOS, Android |
| Trading | |
|---|---|
| Leverage: | 400:1 |
| Spreads: | As low as 0.6 for EURUSD at Premium Account |
| Minimum Deposit: | $200 |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: |
Phillip Capital UK Review
Phillip Capital UK Review
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Reliability - 9/109/10
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Deposit & Withdrawal - 8/108/10
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Bonus - 5.5/105.5/10
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Customer Support - 6.7/106.7/10
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Overall Trading Conditions - 6.8/106.8/10
Summary
Reputable forex broker with presence in more than 15 countries. FCA regulation. Reliable. Limited range of account types and trading instruments. Cash rebate.