PhillipCapital UK Journal

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PhillipCapital UK Profile
Year
1975
Country
UK
Branches
1
Regulation
FCA UK
Investor protection
Fund protection
UK Financial Services Compensation Scheme (FSCS)
Publicly traded
no
Restricted countries
Not serving
х US
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
4
LPs quality
Other
LPs names
Alpha Capital Markets, GAIN Capital, Phillip Futures, Sucden Financial

PhillipCapital UK Accounts
STP
Minimum Deposit
200 $
Leverage
30 : 1
Minimum Lot
0.01 lots
EURUSD spread
1 pips
Commission
0 $/lotRT
Volume
50 lots
Margin Call
100 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
yes
Update broker

Is PhillipCapital UK safe?

  • Investor protection: UK Financial Services Compensation Scheme (FSCS)
  • Regulation: FCA UK
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is PhillipCapital UK trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt
  • PhillipCapital UK website: semi-detailed, updated ★★★
  • PhillipCapital UK popularity (by visitor count): low visits ★★

How PhillipCapital UK works

100 % STP Model

We do not partake in market-making to avoid interfering with client interests

https://www.phillipcapitaluk.com/

5. Execution elements over which PhillipCapital UK has control

PhillipCapital UK is your counterparty for all trades and we are therefore acting as the executing venue for all your orders. However, we are not a market maker and do not take positions for our own account. Instead, PhillipCapital UK selects third parties willing and able to quote and deal in a range of financial securities and instrument types. These parties are called ‘liquidity providers’ and may also effectively be considered execution venues (see ‘Execution Venues’ below). Each of our liquidity providers has agreed to provide us with best execution. The prices quoted by the liquidity providers are collected and fed into the PhillipCapital UK trading platform which automatically selects the most competitive price, adds our mark-up, and displays the combined price to clients. Please note that our mark-up does not vary according to the liquidity provider. This means that the combined price you see always represents the best total price available on our platform. If you choose to deal with us at one of these prices we will offset our position with you by dealing with the liquidity provider that provided the price. We believe that this pricing and execution model is in the best interest of clients...

6. Execution Venues

We will deal with you as principal. This means you will have a contract for each trade directly with us and no one else. The trading positions resulting from these contracts exist solely between us and cannot be traded with or transferred to another party (such as another broker). Accordingly, you should note that your orders will not be executed on a regulated market or multilateral trading facility.

https://cdn.phillipcapitaluk.com/assets/legals/docs/1595235456.pdf

4.2.3 the Professional Client or Eligible Counterparty accepts and fully understands that it has not received any guarantees on negative balance protection or similar representations from the Firm..

https://cdn.phillipcapitaluk.com/assets/legals/docs/1594367831.pdf

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