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PhillipCapital UK Review

  • Regulated by: Financial Conduct Authority
  • Safety: segregates client funds
  • Trust Rating: B
Open PhillipCapital UK's Website

Losses can exceed deposits. Your capital is at risk.

PhillipCapital UK offer one way to trade: Forex.

To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, PhillipCapital UK offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 169760). PhillipCapital UK puts all client funds in a segregated bank account and uses tier-1 banks for this. PhillipCapital UK have been established since 1975, and have a head office in .

Before we dive into some of the more detailed aspects of PhillipCapital UK’s spreads, fees, platforms and trading features, you may want to open PhillipCapital UK‘s website in a new tab by clicking the button below in order to see the latest information directly from PhillipCapital UK.

Open a demo account Visit PhillipCapital UK

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PhillipCapital UK screenshot


  • Segeregates client funds
  • Established in 1975
  • Regulated by Financial Conduct Authority
  • Min. deposit from $1


What are PhillipCapital UK's spreads & fees?

Like most brokers, PhillipCapital UK take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum fixed spreads listed on PhillipCapital UK’s website. The colour bars show how competitive PhillipCapital UK’s spreads are in comparison to other popular brokers featured on BrokerNotes.

PhillipCapital UK variable spread is not available. If you believe this is incorrect please fill in our form

As you can see, PhillipCapital UK's minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with PhillipCapital UK vs. similar brokers.

See all Spreads

How much does PhillipCapital UK charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with PhillipCapital UK at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here's a rough breakdown of the fees and how this compares against AvaTrade & Plus500.

PhillipCapital UK AvaTrade Plus500
Spread from: $0.00 $7.00 $6.00
Typical overnight fee: $0.00 $5.00 $9.40
Commission: 0 0 0
Total cost of a 100k trade: $0 $12 $15.4
$12.00 more $15.40 more
Visit PhillipCapital UK Visit AvaTrade Visit Plus500

All fees/prices are for informational purposes and are subject to change. Last updated: March 21, 2018.

General Fees

  • PhillipCapital UK does charge inactivity fees
  • PhillipCapital UK doesn't charge withdrawal fees


  • PhillipCapital UK does charge commission on CFD shares

What can you trade with PhillipCapital UK?

FX / Currencies PhillipCapital UK AvaTrade Plus500
# of forex pairs offered 59 61
Major forex pairs Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies Yes Yes
Commodity CFDs PhillipCapital UK AvaTrade Plus500
# of commodities offered 16 17
Metals Yes Yes
Energies Yes Yes
Agricultural Yes Yes
Indiced & Stock CFDs PhillipCapital UK AvaTrade Plus500
# of Stocks offered 99 1816
UK Shares Yes Yes
US Shares Yes Yes
German Shares Yes Yes
Japanese Shares Yes Yes
See PhillipCapital UK's Instruments See AvaTrade's Instruments See Plus500's Instruments

What's the PhillipCapital UK trading experience like?

1) Platforms and apps

PhillipCapital UK Screenshot See PhillipCapital UK's Platforms

PhillipCapital UK also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See PhillipCapital UK's platforms

Trading Features:

  • Low min deposit

Accounts offered:

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

PhillipCapital UK allow you to execute a minimum of trade of . This may vary depending on the account you open. PhillipCapital UK allow you to execute a maxium trade of .

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, PhillipCapital UK offer margin up to % on currencies.

Finally, we’ve listed some of the popular funding methods that PhillipCapital UK offers its traders on the right.

Funding methods:

3) Client support

PhillipCapital UK support a limited number including

PhillipCapital UK have a BrokerNotes double AA support rating because PhillipCapital UK offer live chat, phone, email support and less than three languages.

4) What you’ll need to open an account with PhillipCapital UK

As PhillipCapital UK is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore PhillipCapital UK’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with PhillipCapital UK you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.phillipcapitaluk.com/ on March 21, 2018.