Leverage: 1:30 | 1:50
Regulation: FINRA, FCA
Min. Deposit: $5,000
HQ: Singapore
Platforms: MT4, TT platform, CTS, Multicharts, etc.
Found in: 2015
PhillipCapital Licenses
PhilipCapital is a Futures Commission Merchant (FCM) and brokerage company offering access to trade Futures, Options, Forex pairs, CFDs, Indices, Stocks, Metals, etc.
As a part of the PhillipCapital Group, the company was based in Singapore more than 40 years ago with offices in 15 countries and over $1,5 billion in shareholder funds.
PhillipCapital UK branch carrying FCA regulation was launched in 2015, with the purpose of achieving group expansion and the target to spread the circle of Forex services. An overall trading process is performed on a well-established financial service basis, while PhillipCapital operates in close binding with liquidity providers and STP execution.
Yes, PhillipCapital is a prominent Stocks and Options trading broker with a global presence, known for offering a wide range of financial services to investors and traders. With operations in multiple countries, particularly in the Asia-Pacific region, the broker facilitates trading in various financial instruments, including equities, bonds, commodities, futures, options, and forex.
PhillipCapital is a reliable regulated broker with low spreads compared to industry peers, also is one of the Brokers with an excellent reputation and strong establishment over the years. It provides good investment and trading conditions with a good range of trading instruments, PhillipCapital orders, and a comprehensive research section.
For the Cons, there is no 24/7 customer support, and trading instruments are limited.
| Advantages | Disadvantages |
|---|---|
| Regulated broker with a strong establishment | No 24/7 customer support |
| Globally recognized | |
| Competitive spreads and trading costs | |
| Real Stock Trading and Investment | |
| FCA and FINRA licenses and overseeing |
| 🏢 Headquarters | Singapore |
| 🗺️ Regulation | FINRA, FCA |
| 🖥 Platforms | MT4, TTT platform, CTS, Multicharts, etc. |
| 📉 Trading Products | Futures, Options, Forex pairs, CFDs, Indices, Stocks, Metals, etc. |
| 💰 Stock Commission | $3.88 |
| 🎮 Paper Trading/ Demo Account | Available |
| 💳 Minimum deposit | $5,000 |
| 💰 Base currencies | USD, EUR, GBP |
| 📚 Education | Provided |
| ☎ Customer Support | 24/5 |
PhillipCapital is considered a reliable broker with good trading conditions. The broker offers a range of trading services with competitive spreads and fees.
| Ranking | PhillipCapital | Aetos | Valutrades |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Advantages | Trading Instruments | Trading Solutions | Spreads |
PhillipCapital offers good trading conditions, and also competitive trading prices. However, there are a number of other brokers that may offer similar services. Here are some of the best alternatives to PhillipCapital:
PhillipCapital has been awarded a few times by global investors for its reliable trading services and financial technology in the past few years including PhillipCapital Singapore’s “Best Retail Broker” in 2017, and 2019.
No, PhillipCapital is not a scam. It is regulated by a top-tier FCA (UK), and FINRA (US) providing low-risk Stocks and Futures trading.
Yes, PhillipCapital is a legit and regulated broker.
According to the regulations, PhillipCapital is subject to various restrictions on how to operate the trading process. PhillipCapital UK Limited operates through its registered office in London, UK, and acts as a part of the PhillipCapital Group, which is authorized and regulated by FCA.
See our conclusion on PhillipCapital Reliability:
| PhillipCapital Strong Points | PhillipCapital Weak Points |
|---|---|
| Regulated broker with safe trading conditions | Regulatory standards and protection vary based on the entity |
| Segregated bank accounts | |
| Negative balance protection | |
| Global coverage |
All clients’ funds are kept separately from the company’s house funds. The regulatory bodies allow PhillipCapital to invest the funds traders maintain in these segregated bank accounts.
PhillipCapital also provides its clients with negative balance protection to guarantee that they will never lose more than they have in their accounts.
All financial processes are fast and accurate, and payments are usually received within 5 working days through sharp and strong procedures and operations regarding management and safety.
Leverage level or known as a loan taken by the trader from the broker is a great tool, which can significantly magnify your trading capabilities, yet you should be careful as the tool works in reverse as well.
PhillipCapitall leverage is offered according to the FCA and FINRA regulations:
PhillipCapital offers Individual, Joint, Corporate, LLC, LLP, Trust, IRA, Pension Plan, and Discretionary Trading accounts. In addition, new traders who want to trade with no risks can benefit from the trial version through Demo-Account.
| Pros | Cons |
|---|---|
| Fast account opening | Account types and proposals may vary according to jurisdiction |
| Demo account is available | The initial deposit amount is above average |
| Account base currencies GBP, EUR, USD |
Opening an account with PhillipCapital is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:
PhillipCapital trading instruments include Futures, Options, Forex pairs, CFDs, Indices, Stocks, Metals, and more. Based on our finds, the broker provides competitive pricing, as well as access to a non-dealing desk (NDD) operation.
PhillipCapital pricing is competitive and fees are either built into spread or commission charges based on the account type you select. Also, consider inactivity fees, and swap or rollover rates as well which are charged in case the position is open longer than a day.
| Fees | PhillipCapital Fees | Valutrades Fees | ATC Brokers Fees |
|---|---|---|---|
| Deposit fee | No | No | Yes |
| Withdrawal fee | No | No | Yes |
| Inactivity fee | Yes | Yes | Yes |
| Investment plans | Yes | Yes | Yes |
| Fee ranking | Low | Low | Low, Average |
PhilipCapital offers tight and no commission Forex spreads. Based on our finds, the offering is quite competitive, and the average spread for EUR USD is 0.6 pips.
| Asset/ Pair | PhillipCapital Commission | Lightspeed Commission | Webull Commission |
|---|---|---|---|
| Stocks Fees | $3.88 | From $0,50 | $0 |
| Fractional Shares | No | No | From $5 |
| Options Fees | $3.88 | From $0,20 | From $0 |
| ETFs Fees | $3.88 | From $0,50 | From $0 |
| Free Stocks | No | No | Yes |
The broker’s trading hours can vary depending on the specific markets and instruments you wish to trade. Generally, they follow the trading hours of the respective exchanges where the assets are listed. For example, if you are trading U.S. stocks through PhillipCapital, the trading hours would typically align with the New York Stock Exchange (NYSE) trading hours, which are from 9:30 AM to 4:00 PM Eastern Time (ET) on regular business days. However, for precise information on trading hours for different asset classes and markets, you should check PhillipCapital’s official website or contact their customer support for the most up-to-date and region-specific trading schedules.
To fund the account and start trading with PhillipCapital, you will have a choice to select from Bank Wire, Credit/Debit Cards (UK account), Check, and ACH transfer funding methods.
Here are some good and negative points for PhillipCapital funding methods found:
| PhillipCapital Advantage | PhillipCapital Disadvantage |
|---|---|
| No internal fees for deposits and withdrawals | Methods and fees vary in each entity |
| Fast digital deposits | Minimum deposit amount is high than average |
| Multiple account base currencies |
PhilipCapital minimum deposit amount is $5,000, Euro or GBP. This will allow you to subscribe to the first category of the offered PhillipCapital accounts.
PhilipCapital minimum deposit vs other brokers
| PhilipCapital | Most Other Brokers | |
| Minimum Deposit | $5,000 | $500 |
There are no applicable withdrawal fees or deposits for PhilipCapital funding. The main account currencies for funding are GBP, EUR, and USD.
To trade with PhillipCapital you can select the industry standard MT4 for UK accounts. The platform is available via desktop, mobile, or tablet trades offering mobility and ease of use to the trader of any style.
Along with that PhillipCapital needs, MT4 has been improved by powerful insights, access to investment research information provided by real-time news from Market News, and access to Expert Advisors, etc.
PhillipCapital also offers many future trading platforms including TT platform, CTS, Multicharts, and more.
| Platforms | PhilipCapital Platforms | ATC Brokers Platforms | Valutrades Platforms |
|---|---|---|---|
| MT4 | Yes | Yes | Yes |
| MT5 | No | No | Yes |
| cTrader | No | No | No |
| Own Platform | No | Yes | No |
| Mobile Apps | Yes | Yes | Yes |
PhillipCapital provides 24/5 expertise customer support with Live Chat, Email, and Fax.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Quick responses | No 24/7 customer support |
| Relevant answers | |
| Availability of phone lines and email |
PhillipCapital offers Market News, an Economic Calendar, Podcasts, Newsletter, and educational videos on its YouTube channel. However, the broker does not provide comprehensive educational materials, seminars, webinars, and analysis which are essential for beginner traders.
Overall, PhillipCapital is a reliable and safe broker with competitive prices in the industry. The broker supports a variety of trading platforms designed for the future trading market with comprehensive trading solutions, various instruments for analysis, and strategy improvements.
However, PhillipCapital offers a quite high deposit to start the trade, hence the broker maybe is not the best option for beginner traders but a very considerable option for professional and active traders.
Based on Our findings and Financial Expert Opinions PhillipCapital is Good for:
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