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Phillip Capital UK Minimum Deposit

PhillipCapital UK Minimum Deposit

 

Overall Rating

4.7/5

Rated #– of 
Recommended FX Brokers

💰Minimum Deposit

USD 5000

🌐 Regulators

FINRA and SEC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

40

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The Phillip Capital minimum deposit amount to open a real trading account is 200 (Two Hundred) US Dollars.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours*

Finding a reputable list about Phillip Capital UK minimum deposit local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Minimum Deposit Review regarding this regulated Forex company, which will assist traders to make an informed decision, when it comes to funding your trading account.

 

Minimum Deposit

 

Phillip Capital UK has a minimum deposit requirement of $200.

This minimum deposit amount is equivalent to 3028.70 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.

Phillip Capital UK is an authorized broker and regulated by FCA. Phillip Capital UK strives to offer competitive spreads, low financing charges and deep liquidity from a range of top tier liquidity providers.

To accomplish this, Phillip Capital UK adheres to several strict rules and regulations. One of the main regulations is that client’s funds are required to be kept separately from the broker account. Therefore, traders can only utilise these funds when conducting trading activities.

 

Deposit fees and deposit methods

 

When compared with other brokers, the minimum deposit required by Phillip Capital UK when registering a live account is extremely competitive.

Phillip Capital UK offers traders the following payment methods which can be used when making deposits:

  • Credit card
  • Debit card
  • Visa
  • MasterCard
  • Maestro
  • Bank Transfer
  • Cheque (UK only)

 

Deposit currencies that are accepted include:

  • GBP
  • EUR
  • USD

 

In addition, when making use of Credit/Debit Cards, Traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable. These often depend on the payment method used as well as the amount which is deposited into the trading account.

 

Step by step guide to depositing the minimum amount

 

After having registered a live trading account and it has subsequently been approved, traders will be able to deposit the minimum amount required.

To accomplish this, traders can follow these steps:

  • Log into their personal area, client portal, or trading platform using their account credentials.
  • Select the option for deposits from their account.
  • Select the amount, currency, and deposit method.
  • Follow the instructions to make a deposit into their trading account.

 

Before registering for a live trading account, traders need to verify all fees that they may be subjected to.

It is essential that traders ensure that they have selected the correct deposit currency before they make a deposit. Funds are required to be transferred in the same currency as the trading account to which they are sending it to. Should this not be done, traders may be subjected to currency conversion fees.

 

Pros and Cons

✔️ PROS ❌ CONS
Low minimum deposit No bonus
Popular platform No Islamic account
Well regulated No US clients
Wide variety of accounts

 

You might also like: Phillip Capital UK Sign up Bonus

You might also like: Phillip Capital UK Demo Account

You might also like: Phillip Capital UK Fees and Spreads

You might also like: Phillip Capital UK Account types

 

FAQ’s

 

What is the minimum deposit for Phillip Capital UK?

The minimum deposit for Phillip Capital UK is $200.

 

How do I make a deposit and withdrawal with Phillip Capital UK?

  • Credit card
  • Debit card
  • Visa
  • MasterCard
  • Maestro
  • Bank Transfer
  • Cheque (UK only)

 

Does Phillip Capital UK charge withdrawal fees?

There are no withdrawal fees with Phillip Capital UK.

 

How long does it take to make a withdrawal?

The period when making withdrawals will be dependent on the method of payment that was used; therefore, the period may be anywhere from 30 minutes up to a few working days.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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