Rating Index

Pros

Competitive pricing with low spreads and no brokerage fees for stock market assets.

Access to a wide range of global exchanges and financial instruments.

Regulated by reputable authorities, ensuring a level of safety and transparency for clients.

Cons

High minimum deposit requirement of $5,000, which may be a barrier for some traders.

Limited customer support options, lacking online chat and relying on email or phone.

Withdrawal processes can incur fees and are limited to bank transfers, with no support for electronic payment systems.

Phillip Capital broker Accounts

Phillip Capital Account Types

Phillip Capital offers a variety of account types to cater to different trading needs. The main account types include:

Phillip Account

Minimum Deposit: $200
Deposit Currencies: GBP, EUR, USD
Platform: MetaTrader 4
Minimum Spreads: Starts from 1.0 pip

Phillip Trader Account

Minimum Deposit: $1,000
Deposit Currencies: GBP, EUR, USD
Platform: MetaTrader 4
Minimum Spreads: Starts from 0.6 pip

Phillip Premium Account

Minimum Deposit: $1,000
Deposit Currencies: GBP, EUR, USD
Platform: MetaTrader 4
Minimum Spreads: Starts from 0.1 pip

Phillip VIP Account

Minimum Deposit: $20,000
Deposit Currencies: GBP, EUR, USD
Platform: MetaTrader 4
Minimum Spreads: Starts from 0.0 pip

Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits, providing traders with competitive trading conditions and comprehensive solutions.

Phillip Capital Broker Account Opening Process

Opening an account with Phillip Capital is a straightforward process. Here are the steps to follow:

Visit the Website: Go to the official Phillip Capital website.
Fill Out the Application Form: Complete the online application form by providing personal and financial information.
Submit Required Documents: You will need to upload identity verification documents such as:

Aadhaar Card
PAN Card
Address Proof
Income Proof

Account Verification: Once the documents are submitted, Phillip Capital will verify your information.
Receive Account Details: After verification, you will receive an email with your account number and login credentials.
Fund Your Account: Deposit the minimum required amount to activate your account and start trading.

The entire process can typically be completed online, and you can start trading within a short period after your account is activated.