PhillipCapital UK is a well-established British online broker that provides trading opportunities for everyone, whether that be institutional, corporate, or individual traders. Combine that with a solid selection of assets, including stocks, commodities, and forex, and you have a broker that provides an all-encompassing trading service.
- An all-around broker with offerings and services for every type of traders
- Provides separate platforms and accounts for institutions, corporations, and private traders
- Fair and transparent fees and spread on every trade, and no commission
- Fantastic online broker for instituions looking to trade forex and/or CFDs
- Offerings are a bit to focused on corporate traders and not individuals like you and me
- Limited number of total assets on offer, especially compared to their main competitors
Now, compared to some other brokers, PhillipCapital doesn’t provide access to as many assets. However, what the broker lacks in assets it more than makes up for in their fair charges, fantastic platforms, and attentive customer service. You can learn more about the broker in this review, and if you don’t believe our word for it, you may be willing to put more faith in the £35+ million that the broker handles in financial instruments for customers.
PhillipCapital UK – Who Are They?
PhillipCapital UK was founded in the UK in 1975 and quickly established as one of the leading brokers in the region. Today, they handle thousands of daily traders and millions in daily turnarounds, clearly marking its role as an absolute top-tier broker in the UK.
Naturally, as a broker at this level, PhillipCapital is fully licensed and regulated by the Financial Conduct Authority (FCA), which is crucial to offer trading services in the United Kingdom.
The one aspect that sets PhillipCapital apart from other brokers is their focus on providing trading opportunities for both institutional and private investors. That way, PhillipCapital can offer a tailor-made experience just for you.
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Our Opinion About PhillipCapital UK
We have no hesitation in including PhillipCapital in our list of recommended online brokers. However, with that being said, this broker is best suited for corporations and institutions, meaning if you’re a private, retail trader there are better options for you to consider.
Similar to many of these smaller brokers with fewer clients, the selection of assets and markets provided by PhillipCapital UK leaves a lot to wish for.
With that being said, PhillipCapital has been around since 1975, handles customer funds worth $35 billion, and they are fully regulated by the FCA. Therefore, we will not stop you from signing up with the broker in case you feel like it’s a perfect fit for your ambitions.
Finally, the last thing that PhillipCapital has in its favour is reputability and trustworthiness. With such a long track-record and licenses from leading governing bodies, there is no denying that PhillipCapital is a reliable and serious broker that you can trust with your funds and personal information.
In investing, practice beats theory. You should be familiar with your trading tools before you start trading with PhillipCapital UK. Practice allows you to get used to the market you want to trade. In addition, there are plenty of demo accounts available with real-time lessons at your disposal. Do not hesitate to test them.