PhillipCapital UK deposit amount required in order to open a broker account is $200 / R 3 317,20. PhillipCapital UK has a high minimum deposit when compared to most other brokers in the industry.
PhillipCapital UK at a Glance
| 🔎 Broker's Name | PhillipCapital UK |
| 📍 Headquartered | United Kingdom |
| 📅 Year Founded | 1975 |
| ⚖️ Regulating Authorities | Financial Conduct Authority (FCA) |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:400 |
| 💰 Minimum Deposit | $200 / R 3 317,20 |
| 💳 Deposit Options | Credit card Debit card Visa MasterCard Maestro Bank Transfer Cheque (the UK only) |
| 💳 Withdrawal Options | Credit card Debit card Visa MasterCard Maestro Bank Transfer Cheque (the UK only) |
| 💻 Platform Types | MetaTrader 4, CQG, Poems, TT |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex Commodities CFDs Index Stock CFDs |
| 👨💼 Languages supported on Website | English, Italian |
| 👥 Customer Support Languages | English, Italian |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
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 Minimum deposit – 9 key points quick overview:
PhillipCapital UK at a Glance- PhillipCapital UK Minimum deposit – 9 key points quick overview:
- PhillipCapital UK Minimum Deposit
- PhillipCapital UK Deposit fees and deposit methods
- A step-by-step PhillipCapital UK guide to depositing the minimum amount
- PhillipCapital UK Customer Reviews
- PhillipCapital UK Pros and Cons
- Conclusion
- Frequently Asked Questions
PhillipCapital UK Minimum Deposit
The minimum deposit amount required to open a broker account with PhillipCapital UK is $200 / R 3 317,20. Traders who wish to open one of the two Premium Account options will have a minimum deposit of $1000 / R 16 538.
As such, this deposit amount is higher than that required by many other brokers in the industry. However, PhillipCapital UK appears to position itself more towards experienced and institutional traders.
PhillipCapital UK Deposit fees and deposit methods
📍 PhillipCapital UK provides traders with the following deposit methods:
Debit card
Visa
MasterCard
Maestro
Bank Transfer
Cheque (the UK only)
In terms of deposit currencies, PhillipCapital UK accepts deposits in USD, EUR, and GBP only. Traders who deposit in smaller currencies not included in the accepted currency list, such as ZAR/Rand, will incur conversion fees on their deposits.
In terms of deposit security, PhillipCapital UK is headed by a parent company with over 40 years of reputable industry experience.
PhillipCapital UK is regulated by the Financial Conduct Authority (FCA), which places it under the strict regulations of the MiFID and the European Central Bank. The FCA works closely with other EU regulators to develop sound protection measures for investors.
Funds deposited with PhillipCapital UK are held in segregated accounts with top-tier banks and are insured under the Financial Services Compensation Scheme, which covers clients up to $50,000.
In terms of fees, PhillipCapital UK does not charge additional deposit or withdrawal fees. Many banks and card providers have processing fees for transferring money. Where these have been applied, PhillipCapital UK will pass on the relevant charge.
A step-by-step PhillipCapital UK guide to depositing the minimum amount
Traders can deposit into their accounts using the following steps:
Step 1 – Log in
- Log in to your account in the Client Section
Step 2 –Make the deposit
- Select the option to fund your account
- Specify the amount you wish to deposit and select your preferred deposit method
- Confirm your details and submit your deposit
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 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 so 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
| ✔️ Pros | ❌ Cons |
| High deposit security | Relatively high minimum deposit |
| No charges on deposits or withdrawals |
Conclusion
PhillipCapital UK deposit amount required in order to open a broker account is $200 / R 3 317,20. PhillipCapital UK has a high minimum deposit when compared to most other brokers in the industry.
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Frequently Asked Questions
What is the minimum deposit for PhillipCapital UK?
The minimum deposit amount required to open a broker account with PhillipCapital UK is $200. Traders who wish to open one of the two Premium Account options will have a minimum deposit of $1000.
How do I make a deposit and withdrawal with PhillipCapital UK?
PhillipCapital UK provides traders with the following deposit methods:
- Credit card
- Debit card
- Visa
- MasterCard
- Maestro
- Bank Transfer
- Cheque (the UK only)
Does PhillipCapital UK charge withdrawal fees?
No, but many banks and card providers have processing fees for transferring money. Where these have been applied, PhillipCapital UK will pass on the relevant charge.
How long does it take to make a withdrawal?
The receipt of your funds is affected by many factors, including the payment method selected, your location, your own bank’s procedures, and any other checks which need to be completed.
Payments are normally received within 5 working days.
Are my deposits safe with PhillipCapital UK?
Yes. PhillipCapital UK is headed by a parent company with over 40 years of reputable industry experience.
PhillipCapital UK is regulated by the Financial Conduct Authority (FCA), which places it under the strict regulations of the MiFID and the European Central Bank. The FCA works closely with other EU regulators to develop sound protection measures for investors.
Funds deposited with PhillipCapital UK are held in segregated accounts with top-tier banks and are insured under the Financial Services Compensation Scheme, which covers clients up to $50,000.
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