Up
Rating
Forex Broker
0
Brokers
0
Reviews

PhillipCapital review

PhillipCapital


On-line since: 2010
Country of origin: UK, USA
Regulation: FCA
Payment options: bank transfer, bank cards
Minimum account size: $650
Minimum lot size: 0.1 lot
Leverage: 1:400
Spreads: from 0.6 pip

About the company:

Phillip Capital Inc. is a broker that is a member of the PhillipCapital group based in Singapore since 1975.

The broker was established in 2010 as an intermediary in futures trading. The company is a member of the CME, CBOT, COMEX, NYMEX, ICE Futures US, CFE, NFX, ICE Futures EU, and DME. In addition, the broker provides access to all major Asian exchanges and global trading floors through the network of the PhillipCapital companies. The company is headquartered in Chicago, Illinois, in the historic building of the Chicago Chamber of Commerce.

The PhillipCapital Group covers 16 countries and offers a full range of financial services, including trading futures, currencies, stocks, bonds, mutual funds, real estate and insurance. The share capital of the company exceeds $1 billion.

Although the PhillipCapital Group was established in Asia, today the company has significantly expanded and has branches in such countries as the UK and the US. The PhillipCapital Group employs more than 3,500 people worldwide. It has offices in Singapore, Hong Kong, China, India, Japan, Malaysia, Thailand, Indonesia, Cambodia, Sri Lanka, Britain, France, Australia, Turkey, and Dubai.

CFD Trading

PhillipCapital enables online CFD trading, providing access to the Asian, European, American markets, the Australian (ASX) and Singapore (SGX) floors with opportunity to trade such instruments as indices and commodities.

Orders are executed at the best price available in the market thanks to the DMA technology.

PhillipCapital offers its clients a number of multifunctional platforms that allow trading several instruments on 18 global exchanges. Being one of the largest financial institutions in Asia, the company provides its clients with some of the best analytical and graphic tools.

Phillip CFDTrader

It is a trading platform that features a lot of options for charts building. Traders can use various types of orders, such as stop loss and limit orders. The platform also gives access to financial indices, reports, a wide range of indicators, and video tutorials that can help learn how to work on the platform. Traders can customize the platform for their own needs and set orders and price alerts.

MetaTrader 4

MetaTrader 4 is the most widely used trading platform in the world. Users get access to advanced charting tools, which include a wide range of drawing tools and technical analysis indicators. Moreover traders can use automated trading strategies on the basis of the MT4 expert advisors. They can be preset to alert you about specific signals to buy or sell directly from the market charts. You can choose from a wide range of ready-made strategies or create your own ones.

Access to the platform via the mobile application MT4 allows you to manage your trading positions anywhere anytime using live charts and prices.

Philip FX365

The FX365 platform provides traders with highly competitive spreads and modern user-friendly interface. Some of the features of this trading platform include:

  • Free demo account with virtual $100,000
  • Spreads start from 0.4 pip with competitive pricing from the largest international banks
  • Tools to hide stop loss
  • Leverage up to 1:100
  • High-speed execution of orders
  • VPS hosting via the company's trading resources.

Spreads and commissions

The broker offers relatively low average spreads of 0.8 pip for EUR/USD (on the Phillip Trader accounts). Spreads on the standard Philip account are higher. The Premium account features lower spreads (starting from 0 pips for EUR/USD), however, it includes a commission of 0.6 pip.

PhillipCapital offers very competitive spreads and fees for all of its instruments, as well as DMA for all CFD products.

Support service

The client support service is available by phone, fax, and email.

Payment Methods

Unlike most forex brokers, PhillipCapital UK does not support electronic payment systems, such as Neteller, Skrill, PayPal, etc. A trader can make a deposit via:

  • bank card (Visa, MasterCard, Maestro)
  • bank transfer.

Advantages:

  • low spreads
  • regulated broker
  • MT4 is available.

Disadvantages:

  • high initial deposit
  • does not support electronic payment systems.

PhillipCapital 2/10 (votes 2186)
Author of PhillipCapital: Ilanit | Date 2020-10-13
In terms of trading experience, I would say that PhillipCapital is fairly good. However, I don't like their customer support service. Their representatives are mostly slow to respond and they even have the audacity to be impatient with their clients. Oftentimes, I don't get the answers I need when talking to them.
0
0
Show more

Add comment
Text:
Brokers Reviews

RECOMMENDED FOREX BROKER
FOREX BROKER №1 IN EUROPE
30% bonus for EACH deposit
Leverage 1:1000

Forex charts and quotes





Special offers
Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
55%
from InstaForex
on every deposit
Earn up to
$50000
for inviting friends to get StartUp Bonus from InstaForex
No investments required!