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Phillip Capital

United Arab Emirates|2-5 years|
Suspicious Scope of Business|High potential risk|

http://www.phillipcapital.ae/

Website

Rating Index

Contact

+9714 332 5052
salesdubai@phillipcapital.ae
http://www.phillipcapital.ae/
Unit No 1202 Jumeirah Bay X3 Tower, Cluster X Jumeirah Lake Towers (JLT), Dubai P.O, Box 212291, Dubai UAE.

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No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Phillip Capital · WikiFX Survey

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Phillip Capital · Company Summary

Phillip Capital Basic Information
Company Name Phillip Capital
Founded 2010
Headquarters United Arab Emirates
Regulations Not Regulated
Tradable Assets Stocks, Options, Bonds, Futures
Account Types Individual, Joint, Corporate, LCC, LLP, Trust, IRA, Pension Plan, Discretionary
Minimum Deposit Not specified
Maximum Leverage 1:400
Spreads From $0.03
Commission Monthly subscription fee ($40-$100), Other specific transaction fees
Deposit Methods Wire transfer, ACH, checks
Trading Platforms Bloomberg EMSX, Bluewater, CQG, CTS T4, eSignal, Multicharts, PhotonTrader, QST, Qbitia, Rithmic, SierraChart, Stealth Trader, Trade Navigator, TT Platform, Zlantrader
Customer Support Phone: +9714 332 5052, Email: salesdubai@phillipcapital.ae
Education Resources General stock market terminology, company activities FAQs
Bonus Offerings None

Overview of Phillip Capital

Phillip Capital, established in 2010 and based in the United Arab Emirates, is an unregulated trading platform that offers a broad range of over 2,000 trading instruments, including stocks, options, bonds, and futures across 30 exchanges in 16 countries. Despite its extensive global reach and diverse offering, the lack of regulatory oversight presents potential risks for traders. The platform caters to a variety of traders with different account types, from individual to corporate and more specialized accounts like IRA and Pension Plan, all supported by a suite of trading platforms such as Bloomberg EMSX, CQG, and MetaTrader 5. Phillip Capital emphasizes customer engagement and education through its dedicated support channels and comprehensive educational resources, aiming to provide a thorough trading experience.

Overview of Phillip Capital

Is Phillip Capital Legit?

Phillip Capital is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. Traders should exercise caution and be aware of the associated risks when considering trading with an unregulated broker like Phillip Capital, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.

Is Phillip Capital Legit?

Pros and Cons

Phillip Capital, with its establishment in 2010, offers a comprehensive trading environment that spans across multiple asset classes and global markets, leveraging advanced trading platforms like Bloomberg EMSX and CQG to cater to a diverse clientele. The platform's broad access to over 2,000 instruments on 30 exchanges in 16 countries and its array of account types are tailored to meet various investor needs, supported by educational resources to enhance trading knowledge. However, the lack of regulatory oversight raises concerns about the security of client funds and the transparency of operations, marking a significant consideration for potential clients.

Pros Cons
  • Access to over 2,000 instruments
  • Lack of regulatory oversight
  • Wide range of trading platforms
  • Potential security and transparency issues
  • Diverse account types for different investors
  • Comprehensive educational resources
  • Global market access across 30 exchanges

Trading Instruments

Phillip Capital offers a vast array of trading instruments, including stocks, options, bonds, and futures, across 30 exchanges in 16 countries, totaling over 2,000 instruments. Alongside direct stock market access, it provides comprehensive clearing, financial, and executive services.

Trading Instruments

Here is a comparison table of trading instruments offered by different brokers:

Product Phillip Capital IG Group Just2Trade Forex.com
CFDs No No No Yes
Forex No Yes No Yes
Indices No Yes No Yes
Commodities No Yes No Yes
Futures Yes Yes Yes Yes
Cryptocurrencies No Yes No Yes
ETFs No Yes Yes No
Options Yes Yes Yes Yes
Stocks Yes No Yes Yes
ADRs No No Yes No
Bonds Yes No Yes No

Account Types

Phillip Capital offers a variety of account types to cater to different entities and financial goals, including Individual, Joint, Corporate, LCC, LLP, Trust, IRA, Pension Plan, and Discretionary accounts. All account types feature a minimum spread value from $0.03 and include a withdrawal commission.

Account Type Description
Individual Accounts for traders preferring online trading without a broker. Subscription fee for trading terminal use; minimum deposit $5,000. Options for rental/purchase of exchange trading space for direct trading.
Joint Joint account for several individuals.
Corporate Account designated for corporate trading.
LCC, IRA, LLP Accounts specifically for legal entities.
Trust Trust account.
Discretionary Broker-managed transactions on client's behalf with a $5 commission. Trader retains asset selection and transaction timing rights.
Pension Plan Designed for retirees, offering reduced commissions.

Leverage

Phillip Capital offers floating leverage up to 1:400, allowing traders to amplify their trading positions.

Here is a comparison table of maximum leverage offered by different brokers:

Broker Phillip Capital FxPro VantageFX RoboForex
Maximum Leverage 1:400 1:200 1:500 1:2000

Spreads and Commissions

Phillip Capital imposes a variety of fees and commissions for its trading services. There's a monthly subscription fee ranging from $40 to $100 for platform use, with no brokerage commission. Exchange fees are covered by PhillipCapital, funded through the monthly platform rental. Deposits are free, but wire transfers incur a $25 withdrawal fee, excluding bank charges. Bank check withdrawals cost $4, and an NFA fee of $0.02 per lot for US exchanges, plus a CME fee of $0.03 per lot for NYSE/LIFFE and CFE transactions, are applied. Despite no conversion fee for depositing non-USD currencies, the exchange rate could be significantly high. Paper trade confirmations and statements cost between $2.50 and $5, and closing an account costs $100.

Spreads and Commissions

Deposit & Withdraw Methods

Phillip Capital offers deposit and withdrawal methods including wire transfers, ACH payments, and checks. Withdrawals require an email request to the broker. Wire transfers incur a $25 fee per transaction, while check withdrawals have a $4 fee. The processing time for withdrawals ranges from 2 to 5 days, varying by client location and payment method.

Trading Platforms

Phillip Capital offers a wide array of trading platforms to cater to diverse trading needs and preferences, including Bloomberg EMSX, Bluewater, various CQG platforms (Mobile, Trader, Q Trader, Integrated Client), CTS T4 solutions (Mobile, Core+Charting, Advanced Data & Charting), eSignal, Multicharts, PhotonTrader, QST, Qbitia, Rithmic R|TRADER and R|TRADER Pro, SierraChart, Stealth Trader, Trade Navigator, TT Platform, and Zlantrader along with its mobile version. This extensive selection allows traders to choose the platform that best fits their strategy, whether they prioritize analytical tools, charting capabilities, or mobile access.

Trading Platforms

Customer Support

Phillip Capital provides customer support through their Dubai office, accessible via phone at +9714 332 5052 and email at salesdubai@phillipcapital.ae, ensuring clients have direct lines for assistance.

Educational Resources

Phillip Capital offers educational resources covering general stock market terminology and frequently asked questions about the company's activities, available in their Education Section for enhancing client knowledge and understanding.

Conclusion

Phillip Capital offers a diverse and comprehensive trading environment with a wide selection of instruments and platform options, catering to a global clientele. The platform's strengths lie in its vast array of trading instruments and the flexibility of account types, alongside the provision of significant educational resources. However, its unregulated status poses considerable risks, emphasizing the need for potential traders to exercise caution. While Phillip Capital endeavors to provide a rich trading experience with supportive customer service and educational backing, the lack of regulatory oversight remains a critical factor for traders to consider in their decision-making process.

FAQs

Q: What types of assets can I trade with Phillip Capital?

A: Phillip Capital offers trading in stocks, options, bonds, and futures across multiple global exchanges.

Q: How can I contact Phillip Capital's customer support?

A: Customer support can be reached at +9714 332 5052 or via email at salesdubai@phillipcapital.ae.

Q: Is Phillip Capital regulated?

A: No, Phillip Capital operates without regulatory oversight.

Q: What trading platforms are available at Phillip Capital?

A: Phillip Capital provides several platforms including Bloomberg EMSX, CQG, and many others.

Q: Does Phillip Capital offer educational resources?

A: Yes, it offers resources covering stock market terminology and FAQs about the company's activities.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

Phillip Futures DMCC

Abbreviation

Phillip Capital

Regulatory Status

No Regulation

Platform registered country and region

United Arab Emirates

Phone of the company
  • +9714 332 5052

Twitter

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Facebook

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Instagram

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YouTube

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Company address
  • Unit No 1202 Jumeirah Bay X3 Tower, Cluster X Jumeirah Lake Towers (JLT), Dubai P.O, Box 212291, Dubai UAE.

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • salesdubai@phillipcapital.ae

Company Summary

User Reviews

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3

Comments

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FX1618646260
more than one year
I've been using Phillip Capital for a week now, and my experience has been quite frustrating. The mysterious switch of my sell order to a buy order left me bewildered, and I ended up buying what I initially wanted to sell. Despite providing screenshots of the similar error on my second attempt, they weren't ready to discuss it further, resulting in a loss of 1k.
2024-02-07 15:37
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0
0
A啊东北
more than one year
I've been trading futures and options with Phillip Capital for almost two years now, learned a lot, and the overall experience is good. This trading platform provides a wealth of tools and resources that allow me to better understand the market and develop investment strategies. However, sometimes the customer service response is a bit slow, which makes me feel a little inconvenient. Overall, I am still very satisfied with this platform.
2023-03-22 12:28
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0
0
DUVERSOTOROJAS
more than one year
The content of this website is too little, I feel that there is no sincerity at all. I don't intend to ask for detailed information, it's a waste of time. It's better to find other more reliable companies.
2023-02-16 14:25
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0
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