PhillipCapital UK is an online trading platform offering MetaTrader 4 capabilities. The greatest advantage of PhillipCapital is its super-small contract-size offerings: Contracts as little as $10 can be traded. They offer the usual 1:400 leverage as well as online identity verification and funding through both debit and credit cards.
PhillipCapital UK offers all the basic CFD, FX and commodity trading options that are expected from online trading platforms. Spreads are calculated in Dollars, not pips, making it difficult to compare with other leading trading platforms. This is a major downside if you are used to working with pips and it also disguises slightly inflated spreads, but on the other side, for new traders is can be an opportunity to calculate trading fees without confusing calculations.
As to trading platforms – PhillipCapital works with MetaTrader 4, which is a widely accepted trading platform and they offer mobile support as well.
All-in-all, PhillipCapital UK’s website offers little information regarding products and services. Their blog displays a good amount of news but not many analyses, which is surprising since they specifically refer to both news and analysis in their menu. Of course, there’s the option to speak to PhillipCapital’s team when more information is needed but more detail would have been appreciated on the general website.
PhillipCapital UK online trading platform is ideal for one of two types of traders: Experienced traders looking for Metatrader 4 support specifically, with a portfolio made up of those instruments offered by PhillipCapital and not in any need of support may find a home. Complete newbie traders looking for a platform that they can figure out on their own with the help of external sources, looking to build a portfolio based on instruments on offer can also consider using PhillipCapital.