This Phillip Capital UK review outlines the broker’s regulatory standing, trading infrastructure, market access, and account conditions. A division of the global PhillipCapital Group, Phillip Capital UK Ltd is a London-based broker offering multi-asset trading with a strong emphasis on regulatory compliance and institutional-grade services. It caters to both retail and professional traders with FCA oversight and competitive trading conditions via MT5 and FIX API access.

Regulation and Safety

Phillip Capital UK is authorised and regulated by the UK’s Financial Conduct Authority (FCA):

• FCA License Number: 169760
• Client funds held in segregated Tier-1 UK bank accounts
• Eligible for FSCS compensation up to £85,000
• Regularly audited and adheres to MiFID II transparency rules

The broker meets all FCA-mandated capital and operational requirements, ensuring high levels of client protection and financial reporting standards.

Execution Model and Trading Platforms

Phillip Capital UK operates a hybrid execution model supporting both STP and agency-based execution. Liquidity is sourced from Tier-1 banks and non-bank providers, optimised via aggregated pricing engines.

Available platforms include:

• MetaTrader 5 (MT5): Full EA, indicators, and multi-asset support
• FIX API: Offered to institutional and professional clients

Desktop, web, and mobile trading are fully supported. VPS hosting is available via third-party providers on request.

Markets and Instruments

Phillip Capital UK offers access to a wide range of CFD and cash products, including:

• Forex – Over 60 currency pairs
• Indices – UK100, US30, SPX500, GER40, and others
• Commodities – Gold, silver, oil
• Shares – UK, EU, and US equities (cash and CFD)
• ETFs – Via MT5 platform

Asset specifications are available within the MT5 contract details panel.

Accounts, Spreads and Leverage

Phillip Capital UK offers tailored trading conditions depending on client classification (Retail, Elective Professional, or Institutional):

• Spreads: From 0.6 pips on EUR/USD (variable)
• Commission: ECN-style on certain accounts (typically $3.5/side)
• Leverage: Up to 1:30 for retail, 1:100+ for professional clients
• Stop-out level: 50%
• Minimum deposit: £500 (varies by service level)

Islamic/swap-free accounts are not publicly listed but may be considered upon request.

Funding and Base Currencies

Phillip Capital UK supports the following funding and withdrawal methods:

• Bank wire (UK and international)
• Faster Payments, SEPA, and SWIFT support

Base currencies: GBP, USD, EUR. Withdrawals are processed within 1–2 working days with no internal fees. Card or e-wallet methods are not currently supported.

Client Protections and Features

• FCA supervision and FSCS coverage up to £85,000
• Tier-1 UK bank segregation of client assets
• 2FA login and encrypted client portal
• Daily margin and risk monitoring
• Full MiFID II compliance and transaction reporting

Institutional and Retail Offering

Phillip Capital UK supports a full-service institutional offering alongside retail accounts:

• Retail: MT5 access, market education, multi-asset CFD trading
• Institutional: FIX API, DMA equity access, white-label solutions, bespoke margining

Professional clients can benefit from tiered pricing, volume rebates, and custom execution logic.

Pros

• FCA regulation and FSCS protection
• FIX API and professional-grade infrastructure
• MT5 platform with broad asset access
• Segregated funds in Tier-1 UK banks

Cons

• Higher minimum deposit than entry-level brokers
• No MT4 or proprietary trading platform
• No support for card or e-wallet funding methods

Frequently Asked Questions

Is Phillip Capital UK regulated?

Yes, Phillip Capital UK is authorised and regulated by the UK Financial Conduct Authority (FCA), license number 169760.

What trading platform does Phillip Capital UK offer?

Pepperstone supports the MetaTrader 5 (MT5) platform with full desktop, web, and mobile access.

Does Phillip Capital UK offer institutional trading?

Yes, institutional clients can access FIX API, DMA equities, and custom liquidity arrangements.

What is the minimum deposit?

The minimum recommended deposit is £500, although this may vary based on account classification.

Are client funds protected?

Yes, retail client funds are held in segregated UK bank accounts and protected under the FSCS up to £85,000.