PhillipCapital UK Review: Regulation, Spreads & Leverage
ECN/STP broker based in United Kingdom with MetaTrader 4, a $1,500 minimum deposit and leverage up to 1 to 200.
- ECN/STP
- 1 to 200 Leverage
Your money is at risk
In this PhillipCapital UK review
PhillipCapital UK overview: what kind of broker is it?
PhillipCapital UK is an ECN/STP forex and CFD broker based in United Kingdom, founded in 2015. FCA No: 169760.
Traders get MetaTrader 4, spreads from 0.0 pips, leverage up to 1 to 200 and a $1,500 minimum deposit.
PhillipCapital UK broker specifications
Company and regulation
| Broker | PhillipCapital UK |
|---|---|
| Regulated by | FCA No: 169760 |
| Type of broker | ECN/STP |
| Country | United Kingdom |
| Foundation year | 2015 |
| Website | Visit PhillipCapital UK website |
| Website languages | English |
Trading conditions
| Minimum deposit | $1,500 |
|---|---|
| Maximum leverage | 1 to 200 |
| Minimum spreads | 0.0 pips |
| Base currencies | GBP, USD, EUR |
| Tradable instruments | — |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | No |
Bonus and promotions
| Current promotion | No |
|---|---|
| Welcome bonus | No |
| Standard no deposit bonus | No |
Contact details
| Telephone | +44(0)207 398 3100 |
|---|---|
| support@phillipcapitaluk.com | |
| Fax | Not available |
| Head office | 120 Cannon Street, London, EC4N 6AS |
PhillipCapital UK pros and cons
Pros
- Regulated: FCA No: 169760
- Spreads from 0.0 pips, ECN/STP execution
- MetaTrader 4 on every device
- VIP accounts
Cons
- No MetaTrader 4 or cTrader
PhillipCapital UK account types
PhillipCapital UK offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $1,500 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | No |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | No |
| Managed account | No |
| Segregated client funds | Yes |
PhillipCapital UK trading platforms
PhillipCapital UK runs on MetaTrader 4, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Mobile trading is available.
PhillipCapital UK deposit and withdrawal methods
PhillipCapital UK supports 1 deposit methods.
Banks and cards
Withdrawal methods
Is PhillipCapital UK safe and legit?
PhillipCapital UK is a regulated broker. FCA No: 169760. The broker says client money is kept in segregated accounts, separate from company funds.
Our verdict on safety
PhillipCapital UK is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
Who should choose PhillipCapital UK?
Good fit for
- Traders who want MT4 and raw spreads
- Scalpers, hedgers and news traders
Think twice if
- You prefer MT4 or cTrader
PhillipCapital UK FAQ
Is PhillipCapital UK regulated?
Yes. FCA No: 169760.
What is the PhillipCapital UK minimum deposit?
The minimum deposit to open a live PhillipCapital UK account is $1,500.
What is the maximum leverage at PhillipCapital UK?
Leverage goes up to 1 to 200. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does PhillipCapital UK use?
PhillipCapital UK uses MetaTrader 4.
Does PhillipCapital UK offer Islamic swap-free accounts?
No. PhillipCapital UK does not list Islamic swap-free accounts.
How can I deposit and withdraw at PhillipCapital UK?
You can use Bank Wire - Debit Card.