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PhillipCapital
PhillipCapital UK Broker Overview
Here is every key fact about PhillipCapital UK in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | PhillipCapital UK |
|---|---|
| Broker name | PhillipCapital UK |
| Foundation year | 2015 |
| Headquarters | 120 Cannon Street, London, EC4N 6AS |
| Country | United Kingdom |
| Telephone | +44(0)207 398 3100 |
| Email / Skype | support@phillipcapitaluk.com |
| Regulated by | FCA No: 169760 |
| Type of broker | ECN/STP |
| Min. deposit | $1,500 |
| Max leverage | 1 to 200 |
| Min. spreads | 0.0 Pips |
| Funding methods | Bank Wire - Debit Card |
| Withdrawal methods | Bank Wire |
| Base currencies | GBP, USD, EUR |
| Languages | English |
| Trading platforms | MetaTrader 4 |
| Web trading | ✗ No |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✗ No |
| VIP accounts | ✓ Yes |
| Managed accounts | ✗ No |
| Segregated accounts | ✓ Yes |
| Islamic accounts | ✗ No |
| Swap free accounts | ✗ No |
| No deposit bonus | ✗ No |
In simple words: traders get MetaTrader 4, spreads from 0.0 Pips, leverage up to 1 to 200 and a $1,500 minimum deposit.
Is PhillipCapital UK Safe? Regulation and Company Details
PhillipCapital UK is a regulated broker. FCA No: 169760. The broker says client money is kept in segregated accounts, separate from company funds.
Regulation
FCA No: 169760
Head office
120 Cannon Street, London, EC4N 6AS (United Kingdom)
Client funds
Client money is held in segregated accounts, apart from company funds.
Track record
In business since 2015. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1 to 200.
PhillipCapital UK Trading Conditions
Spreads and commissions
PhillipCapital UK spreads start from 0.0 Pips. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1 to 200, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader 4
Desktop platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Mobile trading is available.
This PhillipCapital UK review covers regulation, fees, platforms and bonuses.
Official website: PhillipCapital UK
PhillipCapital UK Account Types
PhillipCapital UK offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $1,500 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
VIP accounts
Tighter pricing and priority service for larger balances.
Segregated accounts
Client funds are kept apart from company money.
You can open accounts in these base currencies: GBP, USD, EUR. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at PhillipCapital UK
PhillipCapital UK supports the deposit and withdrawal methods below. Check the fee and processing time for your method before you deposit.
Withdrawal methods
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
PhillipCapital UK Pros and Cons
Pros
- Regulated: FCA No: 169760
- Low $1,500 minimum deposit
- Spreads from 0.0 Pips, ECN/STP execution
- MetaTrader 4
- Hedging and scalping allowed
- VIP accounts
- Free demo account
Cons
- No managed accounts
- No Islamic (swap-free) account
- No web trading
- No no-deposit bonus
How to Open a PhillipCapital UK Account
- RegisterFill in your name, email, country and phone number on the PhillipCapital UK sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4).
- Fund and tradeDeposit from $1,500 with your preferred method, claim any eligible bonus, then log in and start trading.
About PhillipCapital UK
PhillipCapital UK Review: Overview
PhillipCapital UK is a forex and CFD broker based in the United Kingdom. It operates as an ECN/STP broker, a model in which client orders are passed on to liquidity providers rather than being handled only in-house. The company was established in 2015 and has its head office at 120 Cannon Street, London, EC4N 6AS.
The broker is aimed at traders who want direct market access, tight pricing and a regulated UK base. Its offering covers a free demo account, VIP accounts, MetaTrader 4 on mobile and several account base currencies. The website is available in English only. This review looks at regulation, account types, platforms, costs, funding options, bonuses and support, so you can judge whether the broker suits your trading style.
Risk warning: trading forex and CFDs on leverage carries a high risk of losing money. Only trade with funds you can afford to lose and make sure you understand how leveraged products work before you open a live account.
Regulation and Safety
PhillipCapital UK is regulated by the Financial Conduct Authority (FCA) under FCA No: 169760. The FCA is the UK's financial regulator, and firms it authorises must meet rules on how they conduct business and treat their clients. You can check the registration yourself on the FCA's public register using this number.
The broker also states that it holds segregated client funds. In general, segregation means client money is kept separate from the company's own operating money. This does not remove trading risk, since losses on open positions still come out of your balance, but it is an important protection to look for when choosing a broker. Before depositing, confirm the current regulatory details on the broker's official website and in the legal documents it provides.
Account Types
PhillipCapital UK offers a VIP account and a free demo account. The demo account lets you practise with simulated funds before risking real money, which is useful for testing strategies and getting familiar with MetaTrader 4. Several other common account types are not available, as the table below shows.
| Account feature | PhillipCapital UK |
|---|---|
| Free demo account | Yes |
| VIP account | Yes |
| Mini account | No |
| Islamic account | No |
| Swap-free account | No |
| Managed account | No |
The absence of Islamic and swap-free accounts may matter to traders who avoid overnight interest for religious reasons. The lack of mini accounts may also be a drawback for beginners who want to trade very small position sizes. VIP account terms, such as any eligibility requirements or extra benefits, are not set out in the information available for this review, so check them directly with the broker.
Account base currencies are GBP, USD and EUR. Choosing a base currency that matches your deposit currency can reduce conversion costs and make your results easier to track.
Trading Platforms
PhillipCapital UK offers MetaTrader 4 (MT4). MT4 is one of the most widely used retail trading platforms. It supports custom indicators, Expert Advisors (automated trading tools) and a range of charting features, and many traders already know how to use it.
Mobile trading is available, so you can monitor and manage positions away from your desk. Web trading is not offered, which means you cannot trade directly from a browser without installing software. If you prefer browser-based platforms or need a second platform for analysis, this is a limitation to weigh up. The broker does not offer other platforms according to the information reviewed here.
Spreads, Fees and Leverage
Spreads at PhillipCapital UK start from 0.0 pips. The spread is the difference between the buy and sell price of an instrument, and it is one of the main trading costs. Spreads that start from zero are typically found on ECN-style accounts, but they usually widen during volatile markets, around major news releases and during quiet trading hours. The advertised minimum does not tell you what you will pay on average, so compare typical spreads on the instruments you trade.
Maximum leverage is 1 to 200. Leverage lets you control a larger position with a smaller deposit, but it magnifies losses as well as gains. Leverage may be lower depending on your country and account type, so check what applies to you before opening an account. Regulators in the UK and elsewhere set limits on leverage for retail clients, and you should confirm the rules that apply to your residence.
The minimum deposit is $1,500. This is a significant entry requirement for some traders, especially beginners who want to start with a smaller budget. Check the broker's official website for any other fees, such as withdrawal charges or inactivity fees, as these are not covered in the information available for this review.
Trading Rules
PhillipCapital UK allows hedging, scalping and news trading. Hedging means holding opposing positions in the same instrument, scalping means opening and closing trades over very short periods, and news trading means trading around economic announcements. These strategies are not allowed by every broker, so this is a positive for traders who use them. Strategies that depend on fast execution or trading around news can still be affected by spread widening and slippage, so test them on a demo account first.
Deposits and Withdrawals
Deposits can be made by bank wire or debit card. Bank wire is a reliable choice for larger amounts, though it may take longer and bank fees can apply. Debit card deposits are usually faster. Check with your bank and the broker about processing times and any charges before you transfer funds.
Withdrawals are available only by bank wire. This means you cannot withdraw to a debit card or e-wallet, so plan your funding and withdrawal route before you start. Withdrawal times and any fees depend on your bank and the broker's processing policies, which should be confirmed on the official website.
Bonuses
PhillipCapital UK does not offer a welcome bonus, a no-deposit bonus or any other bonus based on the information reviewed here. If you are comparing brokers with promotions, you may want to look at other providers. Bonus offers change over time and always come with terms, such as trading volume requirements and withdrawal conditions. Read those terms carefully before you claim any offer, and check the broker's official website for any current promotions.
Customer Support
The website is available in English. Details such as support hours, live chat availability, telephone numbers and email response times are not covered in the information used for this review. Because support quality can make a big difference when you have a problem with a deposit, withdrawal or platform, it is worth checking the contact options on the official website and testing response times before you fund an account.
Pros and Cons
Pros
- Regulated by the FCA under FCA No: 169760.
- States that client funds are segregated.
- ECN/STP model with spreads from 0.0 pips.
- MetaTrader 4 with mobile trading.
- Free demo account for practice.
- Hedging, scalping and news trading are allowed.
- Account base currencies in GBP, USD and EUR.
- Established in 2015 with a London head office.
Cons
- Minimum deposit of $1,500 may be high for beginners.
- No web trading and only MetaTrader 4 is offered.
- Withdrawals are limited to bank wire.
- No mini, Islamic or swap-free accounts.
- No welcome or no-deposit bonus.
- Website available in English only.
Verdict
PhillipCapital UK is a regulated ECN/STP broker with a clear focus on active traders. Its FCA registration, stated segregation of client funds, low advertised spreads and permitted trading strategies are its strongest points. MetaTrader 4 on desktop and mobile covers most trading needs, and the free demo account gives you a risk-free way to test the service.
The main drawbacks are the $1,500 minimum deposit, the bank-wire-only withdrawal route, the lack of web trading and the absence of mini, Islamic and swap-free accounts. Beginners on smaller budgets may find better-suited options elsewhere, while traders who need hedging, scalping or news trading on a regulated platform may find this broker a good fit.
Before opening an account, verify the FCA registration, read the full trading costs and bonus terms, and confirm the current conditions on the official website at phillipcapitaluk.com. Remember that trading forex and CFDs on leverage carries a high risk of losing money.
Frequently Asked Questions
Is PhillipCapital UK regulated?
Yes. PhillipCapital U
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose PhillipCapital UK?
PhillipCapital UK offers a $1,500 entry cost, MT4 platforms and a track record since 2015.
PhillipCapital UK suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
