PhillipCapital UK Forex Broker

General Information & Regulation PhillipCapital UK is a UK-registered financial institution founded in 2015 and is a member of the PhillipCapital Group. PhillipCapital UK has 15 offices in Singapore, Chicago, and Hong Kong, with over 5,000 employees, providing services such as options and CFDs to retail, high net worth individuals, professionals, and institutional clients. PhillipCapital UK is currently regulated by the FCA in the UK and holds a full license under its authority and license, Regulation No. 169760. Market Instruments PhillipCapital UK provides execution and clearing services for institutional, corporate, fund, and individual clients across a wide range of asset classes, including exchange-traded futures and options, base metals, foreign exchange, and CFDs. Minimum Deposit PhillipCapital UK offers four different account types, namely the Philip account (minimum deposit of $200/€200/£200), the Philip trader account (minimum deposit of $1,000/€1,000/£1,000), the Philip premium account (minimum deposit of $1,000/€1,000/£1,000), the Philip VIP account (minimum deposit of $20,000/€20,000/£20,000). Leverage According to the UK FCA regulatory regulations, PhillipCapital UK offers leverage of 1:30 for major currency pairs, 1:20 for minor currency pairs, and 1:10 for commodities. Spreads & Commissions The minimum spread for Philip accounts starts from 1.0 pips, for Philip trader accounts from 0.6 pips, for Philip premium accounts from 0.1 pips, and Philip VIP accounts from 0.0 pips. 3.8 pips and 4.1 pips for Gold. For accounts that are inactive for six months, PhillipCapital UK will charge an inactivity fee of £15/month until the account balance reaches 0. Trading Platform Available PhillipCapital UK offers investors four trading platform options, namely CQG, Poems, TT, and the world-renowned MT4 trading platform. The MT4 trading platform is available in formats suitable for desktop, mobile or tablet trades while offering mobility and ease of use to the trader of any style. Deposit and Withdrawal PhillipCapital UK supports traders' payments via (VISA, MasterCard, Maestro) debit cards, bank transfers, checks (in the UK only), but the company does not accept credit card payments. Customer Support The support team can be reached via online chat, telephone and email, operating from 8am to 5pm UK time. There is a call back form and a frequently asked questions section where you can get instant answers to some commonly asked questions. Telephone calls and online chat conversations may be recorded and maintained by the broker. Accepted Regions PhillipCapital UK do not provide brokerage services to residents of the United States of America or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.