Risk Management Index
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
Current Status:Offshore Regulatory
License Type:Market Making(MM)
Regulated in Country/AreaUnited Kingdom
Regulatory License No.：169760
Email Address of Licensed Institution :email@example.com
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :12-14 Mason's Avenue3rd FloorLondonEC2V 5BTUNITED KINGDOM
Phone Number of Licensed Institution :44 02073983100
Most visited countries/areas
The data are from WIKI Research 2021.08.01 updated
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General Information & Regulation of PhillipCapital UK
PhillipCapital UK is a UK-registered financial institution founded in 2015 and is a member of the PhillipCapital Group. PhillipCapital UK has 15 offices in Singapore, Chicago, and Hong Kong, with over 5,000 employees, providing services such as options and CFDs to retail, high net worth individuals, professionals, and institutional clients. PhillipCapital UK is currently regulated by the FCA in the UK and holds a full license under its authority and license, Regulation No. 169760.
Market Instruments of PhillipCapital UK
PhillipCapital UK provides execution and clearing services for institutional, corporate, fund, and individual clients across a wide range of asset classes, including exchange-traded futures and options, base metals, foreign exchange, and CFDs.
Account Types of PhillipCapital UK
PhillipCapital UK offers four different account types, namely the Philip account (minimum deposit of $200/€/£), the Philip trader account (minimum deposit of $1,000/€/£), the Philip premium account (minimum deposit of $1,000/€/£), the Philip VIP account (minimum deposit of $20,000/€/£).
According to the UK FCA regulatory regulations, PhillipCapital UK offers leverage of 1:30 for major currency pairs, 1:20 for minor currency pairs, and 1:10 for commodities.
Spreads & Fees of PhillipCapital UK
The minimum spread for Philip accounts starts from 1.0 pips, for Philip trader accounts from 0.6 pips, for Philip premium accounts from 0.1 pips, and Philip VIP accounts from 0.0 pips. 3.8 pips and 4.1 pips for Gold. For accounts that are inactive for six months, PhillipCapital UK will charge an inactivity fee of £15/month until the account balance reaches 0.
Trading Platform Available
PhillipCapital UK offers investors four trading platform options, namely CQG, Poems, TT, and the world-renowned MT4 trading platform.
Deposit and Withdrawal of PhillipCapital UK
PhillipCapital UK supports traders' payments via (VISA, MasterCard, Maestro) debit cards, bank transfers, checks (in the UK only), but the company does not accept credit card payments.
The cons of PhillipCapital UK are:
1. Conservative leverage
2. Inactive account fees
3. Not accepting credit card payments
4. No live customer service support
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