Unique Selling Points
Wide Range of Tradable Assets: PhilipCapital offers a diverse selection of tradable assets, including stocks, forex currency pairs, commodities, indices, metals, and energies. This extensive range provides traders with ample opportunities to diversify their portfolios and capitalize on various market movements. Whether traders are focused on specific sectors or prefer a more diversified approach, PhilipCapital caters to their trading preferences and strategies.
Competitive Pricing and Spreads: PhilipCapital distinguishes itself with competitive pricing and tight spreads. By offering favorable trading conditions, the broker aims to reduce trading costs for its clients. This aspect is particularly beneficial for active traders and scalpers, who can utilize competitive pricing to maximize their profit potential.
Research and Educational Resources: PhilipCapital provides valuable research and educational resources to support traders in their decision-making process. These resources include market analysis, educational articles, webinars, and seminars. By equipping traders with insightful information and educational materials, PhilipCapital empowers them to make informed trading decisions and enhance their trading skills.
Global Presence and Accessibility: PhilipCapital has a robust global presence and serves clients from various regions. This global accessibility enables traders to access international markets and explore global investment opportunities. By providing access to diverse markets, PhilipCapital promotes portfolio diversification and allows traders to capitalize on global economic trends.
Trusted Broker with Multiple Licenses: PhilipCapital is a trusted broker with multiple licenses and regulatory oversight. It operates under the supervision of reputable regulatory bodies, including the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). These licenses demonstrate PhilipCapital's commitment to maintaining industry standards and ensuring a secure trading environment for its clients.
Introduction
PhilipCapital Forex, founded in 1975, is a renowned brokerage firm with a strong presence in the global financial market. Headquartered in the UK and with an office in Australia, the company has garnered a reputation for its exceptional services.
Throughout its history, PhilipCapital has consistently demonstrated its commitment to excellence. The broker has been recognized with prestigious awards, including Best Forex Broker in Asia by Global Finance magazine, Best Online Trading Platform by World Finance magazine, and Best FX Broker in Australia by Forex Magnates magazine. These accolades reflect the broker's dedication to providing its clients with exceptional trading services and innovative platforms.
The company's website is a comprehensive platform where traders can access various financial instruments, including forex, stocks, commodities, and indices. The user-friendly interface and advanced trading platforms, such as MT4, MT5, TTT platform, CTS, and Multicharts, ensure a seamless trading experience for users.
In this PhilipCapital UK review, you will learn everything you need to know about brokers because this will help you make the right decision.
Supported Countries
PhilipCapital supports traders from various countries, including Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Vietnam in Asia; Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland in Europe; Canada, Mexico in North America; and Australia, New Zealand in Oceania.
PhilipCapital does not support trading activities for individuals located in Cuba, Iran, the United States, North Korea, Sudan, Syria, and Venezuela.
The supported languages at PhilipCapital include English, Chinese (Cantonese and Mandarin), Dutch, French, German, Italian, Japanese, Korean, Portuguese, Spanish, Thai, and Vietnamese.
Customer Service Rating
PhilipCapital's customer service has received an impressive rating, with a score of 4.7 stars out of 5 based on 29 reviews on Trustpilot. Additionally, on ForexSuggest, the PhilipCapital review has a score of 4.7 stars out of 5. This positive customer feedback reflects the broker's dedication to providing excellent client support.
While occasional negative reviews may exist, PhilipCapital has proactively addressed any concerns and improved its customer service. By carefully analyzing feedback and implementing necessary changes, they strive to resolve all customer queries and issues promptly. These efforts demonstrate PhilipCapital's commitment to delivering a superior customer experience across its range of services.
PhilipCapital Trading Platforms
PhilipCapital offers a diverse range of trading platforms to cater to the needs of different traders. Here's an overview of the key platforms available:
MetaTrader 4 (MT4): As one of the most popular trading platforms in the industry, MT4 provides a powerful and user-friendly interface for forex trading. With advanced charting tools, customizable indicators, and a wide range of technical analysis features, MT4 empowers traders to execute trades. Its automated trading capabilities, including expert advisors (EAs), enable algorithmic trading strategies. Traders can access a vast library of third-party plugins and add-ons to enhance their trading experience on the MT4 platform. With its stability, versatility, and extensive community support, MT4 is preferred by many forex traders worldwide.
MetaTrader 5 (MT5): Building on the success of its predecessor, MT5 offers an enhanced trading experience with additional features and improved performance. It provides an expanded range of trading instruments, including stocks, commodities, indices, and forex. MT5 incorporates advanced charting tools, multiple order types, and a flexible strategy tester for backtesting trading strategies. Traders can access a broad range of markets and execute trades with speed and precision.
TTT platform: PhilipCapital offers its proprietary TTT (Trade, Talk, and Train) platform, designed to cater to the needs of both beginner and experienced traders. This platform provides a seamless trading experience with intuitive navigation, real-time market data, and advanced charting features. Traders can execute trades efficiently, access educational resources, and interact with a community of traders. The TTT platform integrates trading, communication, and learning tools into a single interface, empowering traders to make informed decisions and enhance their trading skills.
CTS (Cunningham Trading System): CTS is a professional-grade trading platform that offers advanced features for traders seeking sophisticated tools and direct market access (DMA). It provides fast and reliable order execution, customizable charting, and various order types. With CTS, traders can access global futures and options markets, utilize advanced trading strategies, and benefit from robust risk management tools. The platform's stability and performance make it suitable for professional traders and institutional clients.
MultiCharts: PhilipCapital also supports the MultiCharts platform, which combines advanced charting, backtesting, and automated trading capabilities. Traders can develop, test, and deploy their trading strategies using the platform's powerful tools and indicators. MultiCharts offers connectivity to various data feeds and brokers, allowing traders to access multiple markets and instruments. Its extensive customization options and robust features make it a preferred choice for traders seeking advanced technical analysis and algorithmic trading capabilities.
PhilipCapital Trading Platforms
PhilipCapital offers a variety of trading accounts to suit the needs of different traders. Here's an overview of the key types of accounts available:
Unlimited Demo Accounts: PhilipCapital provides unlimited demo accounts, allowing traders to practice and familiarize themselves with the trading platform and strategies without risking real money. These demo accounts simulate real market conditions, enabling traders to gain practical experience in a risk-free environment. Traders can test their trading strategies, practice executing trades, and explore various features and tools the broker offers. The unlimited nature of these demo accounts ensures that traders have ample time to refine their skills and build confidence before transitioning to live trading.
Standard Accounts: PhilipCapital offers standard trading accounts designed for traders who wish to trade with real funds in the live markets. These accounts provide access to various financial instruments, including forex, stocks, commodities, and indices. Traders can benefit from competitive spreads, leverage options, and various order types to execute their trading strategies effectively. Standard accounts typically require a minimum initial deposit and allow traders to participate in the dynamic world of online trading.
Segregated Accounts: PhilipCapital also offers segregated accounts designed to secure clients' funds. With segregated accounts, clients' funds are kept separate from the broker's operational funds, ensuring that they remain protected in the event of any financial difficulties the broker faces. Segregated accounts help enhance transparency and provide clients with peace of mind, knowing their funds are held in dedicated accounts for their exclusive use. This account type particularly appeals to traders prioritizing fund security and wanting additional assurance when trading.
Trading Denominations on Phillip Capital
When it comes to trading on PhilipCapital, traders can choose from various trading denominations, including USD, EUR, GBP, and AUD. These currency options provide a range of opportunities and cater to the diverse needs of traders.
Company Structure
PhilipCapital is a well-established online broker that was founded in 1975. The name "PhilipCapital" stands for "Phillip Securities Group," which reflects the company's roots and affiliation with the PhillipCapital Group. The company has since expanded its operations and now offers its services to clients from different countries worldwide.
PhilipCapital operates under the regulation and oversight of prestigious regulatory bodies such as the Financial Conduct Authority (United Kingdom) and the Australian Securities and Investments Commission (ASIC). These regulatory authorities ensure that the broker adheres to strict financial standards and provides a secure trading environment for its clients.
PhilipCapital offers diverse trading assets, including forex, stocks, indices, commodities, metals, and energies. Clients can access these assets through trading platforms on PhilipCapital. The broker also provides mobile compatibility, allowing clients to trade on the go through their smartphones and tablets.
The broker's commitment to customer satisfaction has earned it positive reviews and recognition from industry experts.
PhilipCapital Licenses and Regulatory Compliance
Australian Financial Services License (AFSL): PhilipCapital holds an AFSL license number 246827 issued by the Australian Securities and Investments Commission (ASIC). This license ensures that the broker operates within the regulatory framework set by ASIC, providing financial services to clients in Australia.
Financial Conduct Authority (FCA) License: PhilipCapital is also regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The broker holds a license number 169760, demonstrating compliance with the FCA's regulatory standards.
PhilipCapital Customer Protection
PhilipCapital places a strong emphasis on customer protection, prioritizing the security and well-being of its clients. As a regulated broker, they adhere to strict regulatory requirements and industry best practices to ensure a safe trading environment.
With segregated client accounts, advanced encryption technologies, and a commitment to transparency, PhilipCapital aims to provide clients with peace of mind and financial security. While they do not offer Negative Balance Protection, they have implemented a compensation scheme to provide additional protection in case of unforeseen circumstances.
With a dedicated customer support team, PhilipCapital is committed to promptly assisting clients and addressing their concerns. Overall, PhilipCapital's customer protection measures demonstrate their commitment to maintaining trust and providing a secure trading experience.
Trading Information
PhilipCapital provides its clients with comprehensive trading information, including details about trading lots. In forex trading, a standard lot typically represents 100,000 units of the base currency. However, PhilipCapital offers flexible lot sizes, allowing traders to choose from standard, mini, and micro-lots. This flexibility enables traders to tailor their position sizes based on their risk tolerance, account balance, and trading strategies.
Tradable Instruments
Forex: 37+ pairs
Stocks: Global markets
Indices: Major indices
Commodities: Gold, oil, etc.
Cryptocurrencies: Bitcoin, Ethereum
CFDs: Diverse assets
PhilipCapital Leverage
The leverage levels PhilipCapital offers vary depending on the account type and the financial instrument being traded. As per the information available on topbrokers.com, the leverage for major currency pairs can go up to 1:500, while for minor and exotic currency pairs, it can be up to 1:200.
Additionally, leverage for commodities, indices, and shares can range from 1:50 to 1:200, depending on the specific instrument.
Instrument | Leverage Ratio |
Major Currency Pairs | Up to 1:500 |
Minor Currency Pairs | Up to 1:200 |
Exotic Currency Pairs | Up to 1:200 |
Commodities | Up to 1:200 |
Indices | Up to 1:200 |
Shares | Up to 1:200 |
Deposits and Withdrawals
Deposit
Making a deposit at PhilipCapital is a simple and convenient process, allowing clients to fund their accounts easily. The company has set a minimum deposit requirement of $200, ensuring accessibility for many individuals.
PhilipCapital offers various deposit methods, including credit cards, debit cards, bank transfers, and cheque deposits for UK clients.
Deposit Method | Minimum Deposit | Processing Time |
Credit Card | $200 | Instant |
Debit Card | $200 | Instant |
Visa | $200 | Instant |
MasterCard | $200 | Instant |
Maestro | $200 | Instant |
Bank Transfer | $200 | 1-3 business days |
Cheque (UK only) | $200 | 5-7 business days |
Clients can choose the most suitable method based on preferences and locations. Credit and debit cards, including Visa, MasterCard, and Maestro, offer instant availability of funds. Bank transfers are secure and reliable. Clients can deposit funds via cheque.
Withdrawal
PhilipCapital understands the importance of timely and efficient withdrawal processes for its clients. Clients can select the most suitable withdrawal method based on their preferences and requirements.
Bank transfers offer a reliable and secure option for withdrawing funds, while credit and debit cards provide a convenient alternative. For clients in the UK, cheque withdrawals are also available.
Withdrawal Method | Minimum Withdrawal | Processing Time |
Bank Transfer | $200 | 1-3 business days |
Credit Card | $200 | 3-5 business days |
Debit Card | $200 | 3-5 business days |
Cheque (UK only) | $200 | 5-7 business days |
PhilipCapital Trading Education and Training
PhillipCapital offers a comprehensive education and training program for traders of all experience levels. The program includes a variety of resources, such as online courses, webinars, and live training sessions.
The online courses cover many topics, including trading basics, technical analysis, and risk management. The webinars are led by experienced traders and analysts, and they provide insights into the latest market trends. The live training sessions are a great way to get personalized feedback from professional traders.
PhillipCapital's education and training program is designed to help traders develop the skills and knowledge they need to be successful in the markets. The program is free to all PhillipCapital clients and is a valuable resource for anyone interested in trading.
FAQs
Is PhilipCapital Trading a scam?
PhilipCapital Trading is not a scam. It is a reputable and well-established brokerage firm with a strong track record in the industry. The company is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom, ensuring compliance with strict regulatory standards and providing clients with a secure and trustworthy trading environment.
How to Open a PhilipCapital Trading Account?
Opening a PhilipCapital trading account is a straightforward process. To begin, visit the official PhilipCapital website and click on the "Open an Account" or "Register" button. You will be directed to an online application form where you need to provide your personal information, including name, email, address, and contact details.
Additionally, you may be required to submit identification documents for verification purposes. Once your application is approved and your account is verified, you will receive login credentials to access your trading account.
Is U.S. Client accepted at PhilipCapital?
PhilipCapital does not accept clients from the United States. This is due to regulatory restrictions and compliance requirements imposed by the U.S. authorities. The company focuses on providing services to clients from other regions, adhering to the regulations of the countries where it operates.
Conclusion
PhilipCapital is a reputable and well-established online brokerage firm with a strong presence in the financial markets. With its extensive range of financial instruments, robust trading platforms, and competitive pricing, PhilipCapital provides traders with a comprehensive and reliable trading experience. The company's commitment to regulatory compliance, demonstrated by its ASIC and FCA licensing, ensures that clients can trade with confidence and peace of mind.
PhilipCapital's dedication to customer service is evident through its positive customer ratings and reviews on platforms like Trustpilot and ForexSuggest. The company's customer-centric approach, responsive support team, and educational resources enhance its clients' trading knowledge and skills. Whether through comprehensive trading education, flexible trading account options, or reliable customer support, PhilipCapital strives to meet the diverse needs of traders worldwide.
