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  5. PhillipCapital UK

The broker is based in Great Britain and is regulated by FCA. The regulation by such a reputable financial authority is an additional level of security. The level of leverage is 1:200. The minimal deposit is 200 USD. Based on that some reviews say that the broker is not suitable for a newbie. You need to have some basic experience to open an account with PhillipCapital UK. There are partnership programs available

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  • Fouded

    1975

  • Min deposit

    200$

  • Min withdrawal

    1$

  • Withdrawal fee

    no

  • Inactivity fee

    15$ /month inactive fee, for accounts that are inactive for 6 months until the account balance is 0

  • Min bet

    0.01 lots

  • Max. leverage

    1:200

  • Withdrawal of funds

    1-5 working days

  • Asset type

    Forex, Indices, Commodities

  • Regulated

    FCA

  • Deposit with credit card

    Visa, Mastercard, Maestro, Bank transfer, Local Bank Transfers

  • Depositing with electronic wallet

    awepay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay

  • Withdrawal

    VISA, awepay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay

  • Avalaible plamform

    MT4, MT5, WebTrader, IOS, Android, cTrader

  • Company registration

    PhillipCapital UK Limited 12-14 Mason's Avenue 3rd Floor London EC2V 5BT UNITED KINGDOM

  • Contacts

    mic.mills@phillipcapitaluk.com

    44 207 398 3100

Pros

  • Segregates client funds

    Established in 1975

    Regulated by Financial Conduct Authority

    Tight spreads

    Low deposit requirements

    Good sign up bonus and other promotions

Cons

  • Limited range of instruments

    Not ASIC Regulated

    Doesn't offer Islamic accounts

    Regulatory framework not the strongest

    Limited range of instruments and markets

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