What is PhillipCapital UK?
PhillipCapital UK is a forex and CFD broker based in United Kingdom, listed with a foundation year of 2015. It offers leverage up to 1 to 200, spreads from 0.0 pips and a minimum deposit of $1,500. Clients trade on MetaTrader 4 and on mobile.
Is PhillipCapital UK safe and regulated?
PhillipCapital UK is regulated by FCA No: 169760. This is a tier-1 regulator with strict capital rules, segregated client funds and, in many cases, an investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
PhillipCapital UK account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $1,500 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | No |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | No |
Trading platform and conditions
PhillipCapital UK provides MetaTrader 4. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1 to 200 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
PhillipCapital UK supports 1 funding method, including Bank Wire - Debit Card. Accounts can be held in 3 base currencies (GBP, USD, EUR), which helps you avoid conversion fees.
PhillipCapital UK bonus: No
How the promotion works
The current PhillipCapital UK promotion is No. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the PhillipCapital UK website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
PhillipCapital UK pros and cons
Pros
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- Regulated by a tier-1 authority
Cons
- $1,500 minimum deposit is higher than some rivals
- No Islamic account listed
How to open a PhillipCapital UK account
- RegisterVisit the PhillipCapital UK website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP or a standard account, and your base currency.
- Fund the accountDeposit at least $1,500 with Bank Wire - Debit Card.
- Start tradingLog in to MetaTrader 4 or the mobile app and set your risk per trade.
Is PhillipCapital UK a good broker? Our verdict
PhillipCapital UK suits active traders who want raw spreads, freedom to scalp or trade the news. Its tier-1 regulation adds a strong layer of client protection. Start small, test a withdrawal, and only trade money you can afford to lose.