Broker Reviews

Broker Review about PhillipCapital Company

The PhillipCapital Company is a Credible Partner

After full research, we find out that The PhillipCapital Company was founded in 1975, however, just in 2010 company was formed as a Futures Commission Merchant (FCM). In addition, the firm provides access to all the major Asian exchanges and global exchanges through the PhillipCapital network of companies. Now the company is based in Chicago, IL, and located at the historic Chicago Board of Trade building.

PhillipCapital Company’s Conditions
broker review on phillipcapital

  • In addition to providing access to futures commodities like coffee, wheat, crude oil, soy, corn, and gold, firm’s also offers traders the opportunity to trade Asian exchange commodities such as palm oil and rubber;
  • You can leverage the PhillipCapital Group’s infrastructure and linkages to global exchanges for fast access and competitive rates;
  • For segregated accounts, firms accept US Dollar, Canadian Dollar, Swiss Franc, Japanese Yen, Euro, Chinese Renminbi, British Pound, Australian Dollar & New Zealand Dollar. For secured accounts, firms accept: US Dollar, Japanese Yen, Singapore Dollar, Hong Kong Dollar, Australian Dollar, Euro, British Pound, Malaysian Ringgit & Chinese Renminbi;
  • Commissions and platform transaction fees are typically charged per transaction and are reflected in the daily statements. Fees that are charged monthly include (but are not limited to): certain platform fees, give-up fees, desk fees, and interest.
  • Exchange memberships on the CME, CBOT, COMEX, NYMEX, ICE Futures US, CFE, NFX, ICE Futures EU, and DME.

Accounts by PhillipCaital
 Broker review on phillipcapital

  • “Individual”;
  • “Joint”;
  • “Corporate”;
  • “LLC”;
  • “LLP”;
  • “Trust”;
  • “IRA”;
  • “Pension Plan”;
  • “Discretionary Trading”.

Expert Conclusion About The Company PhillipCapital

 Broker review on phillipcapital
Each company has its strong sides, as an independent expert, we tried to do our best to provide users with the right and objective opinion. only real traders that worked and traded with The PhillipCapiatal can say how they really activate.

5 Comments

  1. Strong side of PhillipCapital was the low commissions, but nowadays nobody can be surprised with this. They of course claims that their platform is easy to use after some exercise. As I saw, support service is poor. IB need more than two days to reach back to you and most of the time the responses are not clear or they don’t answer your problem at all. I’d suggest if you’re searching for a secure trading platform and try to trade on your own, without their assistance.

  2. Phillip Capital in my opinion has more strong sides than weaknesses. I could not definitely understand how their support team works, it happens that i need to wait several hours when i really needed. On the other hand was no problem to withdraw my money, for the last 8 months i take off from platform more than 4,500$.

  3. I believe that Phillip Capital looks like a broker just for wealthy clients, other way i cant explain the minimum for trading with them-5,000$. How beginners will be able to start work on this platform? Not a broker for anyone for sure, anyway commissions fees are really 0%, which of course is a great part in working here.

  4. Being an investment consultant, I have traded with Phillip Capital on my own as well as my clients’ accounts for 12 years. Was before a cheap alternative for online trading with a very nice platform. Customer service was often under my expectations. Lately, things get unpleasant. They do not work in accordance with industry standards on Margin Requirements. Trade assistance becomes common. I could not see any more from them desire to gain profits for clients. I was forced to ask all my new clients to start trading with an alternative platform more than one year ago.

  5. If you have a goal to achieve profits and to start a successful story in markets? Then keep yourself away from Phillip Capital. They refuse to solve problems that appeared during trading activity on their platform, can you imagine how dismissively they treat their own clients?!

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