PhillipCapital UK Review 2024
Regulation:
  • FCA
Bonus for deposit:
  • 0%

PhillipCapital UK Review 2024

Updated: October 06, 2023
Updated: October 06, 2023

4.52

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • FCA
Bonus for deposit:
  • 0%

Note!

We’ve identified your country as US US

Traders Union experts have analyzed all companies providing trading services in your country legally and compiled a rating of the best companies that offer the best working conditions, have reliable reputation and the highest number of positive reviews among traders on our website.

We’ve selected the Top 5 Best Brokers in US for you:

Start Trading with eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of PhillipCapital UK Trading Company

PhillipCapital UK is a broker with higher-than-average risk and the TU Overall Score of 4.52 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by PhillipCapital UK clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. PhillipCapital UK ranks 166 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

PhillipCapital was founded in 1975, and nowadays the company operates in more than 15 countries of the world. PhillipCapital is authorised and regulated by the FCA 169760 (The Financial Conduct Authority). The brokerage offers trading Forex, CFDs, Indices, and Commodities, reliable order execution, deep liquidity, competitive spreads, and user-friendly MT4 platform.

💰 Account currency: EUR, USD, GBP
🚀 Minimum deposit: 2000 USD
⚖️ Leverage: 1:100
💱 Spread: from 0,1 p
🔧 Instruments: Forex, Index CFDs, Commodities
💹 Margin Call / Stop Out: 100%/50%

Evaluation of the most influential parameters of PhillipCapital UK

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.05

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.14

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

7.71

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

0.27

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

2.65

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

1.25

/10

Geographic Distribution of PhillipCapital UK Traders

Popularity in

51.6%
GB
United Kingdom
10.8%
ES
Spain
6.9%
IN
India
5.6%
US
United States
2.9%
ID
Indonesia
2.9%
CO
Colombia
2.9%
HK
Hong Kong
1.6%
MY
Malaysia
1.6%
SG
Singapore
0.3%
AU
Australia
1.9%
Others
Others

Video Review of PhillipCapital UK i

User Satisfaction i

6 comments
Total score:
2.3 /10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
donnyrich

The main and major problem of PhillipCapital is busy servers, so there are requotes and delays between order and execution. I tested trading here, but I was not satisfied. Therefore, I will not recommend this broker.

Avatar
Avatar
san_ay7

PhillipCapital, as puppeteers, mislead people by providing false information about the market situation. A person trades and thinks that this is real trading, but it is not, it is a setup. Impudent deceivers!

Avatar
Avatar
sumand75

DU is generally a muddy thing in PhillipCapital. I would not dare to entrust my money to some person unknown to me who works in such a murky office

Avatar
Avatar
thaqrindu16

On the initiative of my account manager, a sell deal was opened. On the initiative of the same person, the deal was not closed at an acceptable price, but continued to be opened until the price changed direction and took me at a loss. Don't trust Phillip Capital, there are breeders working here!

Avatar
Avatar
finisherman

Do not associate with this broker. They do not withdraw money! 3 months my application hangs, the support really can't say anything, they repeat like parrots "In the first place". Not a broker, but a scam!

Avatar
Avatar
sansophat

PhillipCapital UK is the most authentic cuisine. Merge by all available methods: slippage, cancellation of profitable trades. If, nevertheless, the trader manages to trade something, he will not be allowed to withdraw it anyway. I don’t understand how they have existed for so many years. I would advise you to stay away from them.

Dynamics of PhillipCapital UK’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Trading Conditions for PhillipCapital UK Users

💻 Trading platform: MetaTrader 4, Mobile Platforms
📊 Accounts: Standard, Professional, Futures
💰 Account currency: EUR, USD, GBP
💵 Replenishment / Withdrawal: Skrill, Neteller, Bank Wire, Visa/Mastercard
🚀 Minimum deposit: 2000 USD
⚖️ Leverage: 1:100
💼 PAMM-accounts: No
📈️ Min Order: 0,01
💱 Spread: from 0,1 p
🔧 Instruments: Forex, Index CFDs, Commodities
💹 Margin Call / Stop Out: 100%/50%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Market execution
⭐ Trading features: No
🎁 Contests and bonuses: No

Comparison of PhillipCapital UK with other Brokers

PhillipCapital UK RoboForex Eightcap Exness XM Group Vantage Markets
Trading
platform
MT4, Zulu Trader MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5, MobileTrading, XM App MT4, MT5, WebTrader, Mobile Apps
Min deposit $1000 $10 $100 $10 $5 $50
Leverage From 1:1
to 1:200
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:30
From 1:1
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0.1 points From 0 points From 0 points From 1 point From 0.6 points From 0 points
Level of margin call
/ stop out
100%  /  50% 60%  /  40% 80%  /  50% No  /  60% 100%  /  50% 100%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

PhillipCapital UK RoboForex Eightcap Exness XM Group Vantage Markets
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto No No Yes Yes Yes No
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No No
Options No No No No No No

Contacts

Foundation date 2013
Registration address 12-14 Mason's Avenue, London. EC2V 5BT
Regulation
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
PhillipCapital UK Review PhillipCapital UK Review

Articles that may help you

Top 10 Best Forex Brokers With welcome Bonuses 2024
For Beginners
Top 10 Best Forex Brokers With welcome Bonuses 2024
Oleg Tkachenko - March 2024
Top 10 Best Forex Brokers in the World in 2024
For Beginners
Top 10 Best Forex Brokers in the World in 2024
Richard Best - March 2024
Best PayPal Forex Brokers in 2024
For Beginners
Best PayPal Forex Brokers in 2024
Oleg Tkachenko - March 2024
17 Best Managed Forex Accounts in 2024
For Beginners
17 Best Managed Forex Accounts in 2024
Oleg Tkachenko - March 2024
Best Cent Account Forex Brokers Compared (2024)
For Beginners
Best Cent Account Forex Brokers Compared (2024)
Oleg Tkachenko - March 2024
Top Low (Tight) Spread Forex Brokers
For Beginners
Top Low (Tight) Spread Forex Brokers
Mikhail Vnuchkov - March 2024
7 Best Free Forex Signals for Trading in 2024
For Beginners
7 Best Free Forex Signals for Trading in 2024
Oleg Tkachenko - March 2024
What Is The Best Forex Trading Robot? Free Download
For Beginners
What Is The Best Forex Trading Robot? Free Download
Vuk Martin - March 2024
Top 9 Best Forex Signals Providers in 2024 With High Win Rate
For Beginners
Top 9 Best Forex Signals Providers in 2024 With High Win Rate
Andrey Mastykin - January 2023
Best Social Trading Platforms in 2024
For Beginners
Best Social Trading Platforms in 2024
Andrey Mastykin - July 2023
What Is The Best Forex EA For MT4
For Beginners
What Is The Best Forex EA For MT4
Vuk Martin - January 2024
Richest Forex Traders - Trading Secrets & Life Stories
For Beginners
Richest Forex Traders - Trading Secrets & Life Stories
Oleg Tkachenko - March 2024
Is Forex Trading Halal or Haram? - Halal Investment Guide
For Beginners
Is Forex Trading Halal or Haram? - Halal Investment Guide
Alamin Morshed - January 2024
GlobeX360 Review 2024
For Beginners
GlobeX360 Review 2024
Anton Kharitonov - January 2023
Alvexo Review 2024
For Beginners
Alvexo Review 2024
Anton Kharitonov - January 2023
Spread Co Review 2024
For Beginners
Spread Co Review 2024
Anton Kharitonov - January 2023

FAQs

Do reviews by traders influence the PhillipCapital UK rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about PhillipCapital UK you need to go to the broker's profile.

How to leave a review about PhillipCapital UK on the Traders Union website?

To leave a review about PhillipCapital UK, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about PhillipCapital UK on a non-Traders Union client?

Anyone can leave feedback about PhillipCapital UK on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Traders Union Recommends: Choose the Best!

Logo IG Markets
Logo eToro
Open an account
Your capital is at risk. 
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Logo OANDA
Open an account
Your capital is at risk.