Phillip Capital Inc. (PhillipCapital) is a broker that is part of the PhillipCapital group based in Singapore since 1975.
The broker was established in 2010 as a futures trading broker. The company is a member of CME, CBOT, COMEX, NYMEX, ICE Futures US, CFE, NFX, ICE Futures EU and DME. In addition, the broker provides access to all major Asian exchanges and global exchanges through the PhillipCapital network of companies. The company is headquartered in Chicago, Illinois, in the historic Chicago Chamber of Commerce building.
The PhillipCapital group of companies spans 16 countries and offers a full range of financial services, including trading in futures, foreign exchange, stocks, bonds, mutual funds, real estate and insurance. The company's share capital is over USD 1 billion.
Although the PhillipCapital Group was originally established in Asia, the company has expanded significantly to date and has offices in financial center countries such as the United Kingdom and the United States. PhillipCapital Group employs over 3,500 people worldwide, with offices in Singapore, Hong Kong, China, India, Japan, Malaysia, Thailand, Indonesia, Cambodia, Sri Lanka, United Kingdom, France, Australia, Turkey and Dubai.
PhillipCapital trades CFDs online, providing access to the Asian, European, American, Australian (ASX) and Singapore (SGX) exchanges with the ability to trade instruments such as indices and commodities.
Orders are executed at the best price on the market thanks to DMA technology.
PhillipCapital offers its clients a variety of feature-rich platforms that allow users to trade multiple instruments across 18 global exchanges. As one of the largest financial institutions in Asia, the company provides its clients with some of the best analytical and charting tools.
A platform that provides many options for charting. Various types of orders are available, such as stop loss and limit orders. Traders who trade on the platform get access to data containing financial ratios and reports, to a wide range of indicators, video tutorials, learn how to work on the terminal, they can customize the platform for themselves, including setting notifications about orders and prices.
The most widely used trading platform in the world. Traders gain access to advanced charting tools that include a wide range of drawing tools and technical analysis indicators, automated trading strategies using MT4 advisors (EA). They can be programmed to alert you to specific buy or sell signals directly from market charts. You can choose from a wide range of predefined strategies or create your own.
Accessing the platform through the MT4 mobile app allows you to manage your trading position on the go, and also allows you to access live charts and prices.
The FX365 trading platform provides traders with highly competitive spreads and the most advanced user-friendly technology. Some of the features of this trading platform include:
Free demo account with $ 100,000 virtual money. Spreads start at 0.4 pips with direct quotes from major international banks. The ability to hide stop losses. Leverage up to 1: 100. High-speed trading. VPS hosting through the company's trading resources.
Spreads and commissions
This broker offers relatively low average spreads of 0.8 pips on EUR / USD (on Phillip Trader accounts). The spreads on a standard Philip account are higher. The PhillipCapital UK Premium Premium account offers lower spreads (starting at 0.0 pips in EUR / USD), but includes a 0.6 pip commission.
PhillipCapital offers extremely competitive spreads and fees on all of its tradable instruments as well as DMAs on all of its CFD products.
Available by phone, fax, e-mail.
Ways of payment
Unlike most Forex brokers, PhillipCapital UK does not offer electronic payment systems like Neteller, Skrill, PayPal, etc. Payment methods available from the broker:
debit card (Visa, MasterCard, Maestro); bank transfer.
low spreads; regulated broker; MT4 is available.
high initial deposit; does not offer electronic wallets for payment.
PHILLIPCAPITAL is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker PHILLIPCAPITAL makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. PHILLIPCAPITAL received a score of 1 of 5 on our resource.