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About the company:
PhillipCapital is a premium UK Forex broker that provides its brokerage services to customers from various countries, including those from Russia. The company is based in London and is regulated by the UK Financial Conduct Authority. PhillipCapital offers online trading services in a range of financial instruments including CFD`s, FX, and Commodities both for investing and hedging. According to its official website, the company sees the safety of the clients’ funds as its highest priority.
Trading conditions
The broker provides access to several trading instruments such as CFDs, 28 currency pairs, precious metals, and commodities. PhillipCapital offers advanced trading functions, including technical and fundamental analysis, automated trading, and many other innovative features that help traders become successful. The leverage is set at 1:400, and the minimum deposit is 200 USD. The spreads are rather low within 0.6 pips. Traders should be aware that PhillipCapital charges the inactivity fee for using the platform in case the account remains inactive for some time. The company holds promotions and offers bonus programs for new customers.
Trading platforms
PhillipCapital uses the standard MT4 trading platform which is available in standard and desktop versions. Zulu Trade is the second platform available for traders.
Customer support
All contact information can be found on the company’s official website and includes email, online chat, and the contact phone number. Phone calls and online chat conversations can be recorded. PhillipCapital posts its news and information in such social networks as Facebook, Twitter, and Google+.
Funds deposit and withdrawal
You can deposit or withdraw funds in several ways: through bank transfers with Visa and Mastercard and through Neteller and Skrill e-wallets. The transfer commission applies; you can get more information from the partners.
Traders’ reviews
The majority of reviews available online belong to English speaking users since the broker is not widely known in Russia and the CIS countries.
Advantages and disadvantages
Advantages:
- Regulated broker;
- 40 years of Forex trading experience;
- Reliable customer support;
- Advanced opportunities for Forex trading;
- easy funds withdrawal.
Disadvantages:
- no regular bonus programs;
- no demo account available;
- limited withdrawal options.
Conclusion
PhillipCapital has developed a good reputation in the industry. The broker has been successfully operating for many years which increases its credibility among traders. The company prioritizes the safety of its clients’ funds, thus proving its reliability and customer-oriented approach.
