PhillipCapital UK – Fees and Spreads

PhillipCapital UK  has relatively tight spreads that vary depending on the account type.PhillipCapital UK Standard account spreads from 1 pip, no commissions. Trader account spreads from 0.6 pips, no commissions. Phillip Premium Spread account spreads from 0.1 pip

PhillipCapital UK at a Glance

Overall Rating

• 3.5/5

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OPEN AN ACCOUNT

Min Deposit

USD 200

Regulators

FCA

Trading Platform

MT4, CQG, Poems, TT

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

PhillipCapital UK Fees and spreads – 9 key points quick overview:

1. PhillipCapital UK at a Glance
2. PhillipCapital UK Fees and spreads – 9 key points quick overview:
3. PhillipCapital UK Fees and Spreads
4. PhillipCapital UK Additional Trading Fees
5. PhillipCapital UK Broker Fees
6. PhillipCapital UK Customer Reviews
7. PhillipCapital UK Pros and Cons
8. Conclusion
9. Frequently Asked Questions

PhillipCapital UK Fees and Spreads

Traders with PhillipCapital UK can expect the following spread list:

PhillipCapital UK has relatively tight spreads that vary depending on the account type, as follows:

Standard Account: spreads from 1 pip, no commissions

Trader Account: spreads from 0.6 pips, no commissions

Phillip Premium Spread Account: spreads from 0.1 pip

Where commissions are charged, these average at $4.5 commission per standard lot.

Overall Rating

• 3.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 200

Regulators

FCA

Trading Platform

MT4, CQG, Poems, TT

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

PhillipCapital UK Additional Trading Fees

PhillipCapital UK charges swap fees, also referred to as overnight fees, on positions held open overnight. These accrue as interest which can be either debited from or credited to the trader, depending on the nature of the position.

These are displayed as debits or credits on your MT4 terminal under the ‘Swap’ column in the ‘Trade’ panel.

A swap-free account is offered by PhillipCapital UK to traders of the Muslim faith, for whom this type of interest is prohibited by not Sharia law.

PhillipCapital UK does not charge deposit fees or withdrawal fees. However, many banks and card providers have processing fees for transferring money. Where these have been applied, PhillipCapital UK will pass on the relevant charge.

While PhillipCapital UK does not charge any additional non-trading fees, such as inactivity fees or account maintenance fees, conversion fees will apply to traders depositing in currencies not accepted by the broker. Accepted deposit currencies consist of EUR, USD, and GBP.

PhillipCapital UK Broker Fees

Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.

As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

As PhillipCapital UK is not a spread betting broker, so spread betting fees will not apply.

PhillipCapital UK Customer Reviews

I was referred to Phillips Capital by a…

I was referred to Phillips Capital by a friend when my broker pulled out of the deal and said no bank is going to give a mortgage.

Gareth was so helpful he did his research and found a bank that was willing to work with me. He continued to reassure me every step of the way.

He was always available when I needed to talk things through and was very professional. He was able to help me get the developers to hold the property for me for 2 months after the completion date had passed. He was definitely God-sent.

Thank you soo much Gareth you get 5 extra shiny stars🌟🌟🌟🌟🌟. You are the absolute best

Top job, Top Man

excellent service got all of my needs sorted straight away and left me a very happy bunny!!

I have worked with Phillips Capital on…

I have worked with Phillips Capital on a number of projects over the years and would not hesitate to recommend them. They are knowledgeable, trustworthy, proactive, and always deliver. Don’t look any further than Phillips Capital for your financial needs, you will not be disappointed!

PhillipCapital UK Pros and Cons

Conclusion

PhillipCapital UK  has relatively tight spreads that vary depending on the account type.PhillipCapital UK Standard account spreads from 1 pip, no commissions. Trader account spreads from 0.6 pips, no commissions. Phillip Premium Spread account spreads from 0.1 pip

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Frequently Asked Questions

How many instruments can I trade with PhillipCapital UK?

PhillipCapital UK offers more than 60 trading instruments in the following asset classes:

• Forex
• CFDs
• Metals
• Energies

Does PhillipCapital UK offer leverage?

Yes. PhillipCapital UK offers flexible leverage of up to 1:30, in line with ESMA regulations. Those who qualify as professional clients can apply for the professional account which gives increased leverage for certain instruments and a reduction on current margin rates.

What spreads can I expect with PhillipCapital UK?

PhillipCapital UK has relatively tight spreads that vary depending on the account type, as follows:

• Standard Account: spreads from 1 pip, no commissions
• Trader Account: spreads from 0.6 pips, no commissions
• Phillip Premium Spread Account: spreads from 0.1 pip

Does PhillipCapital UK charge a commission?

Yes. Where commissions are charged, these average at $4.5 commission per standard lot.

What is the overall rating out of 10 for PhillipCapital UK?

The overall rating is 7/10