Financing and Charges :: FAQs Categories

Where do my funds get transferred to?

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Your funds get transferred to the bank details provided by yourself through the MyPhillip login. You may be asked to verify bank details.…

How do I withdraw money from my PhillipCapital UK account?

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You can request a withdrawal through your MyPhillip area or by calling us on 08450 738 822.…

How do I top-up my margin?

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You can top up your margin by depositing funds with PhillipCapital UK. You can do this through the MyPhillip portal or by calling us on 08450 738 822(UK)…

What is the minimum initial deposit amount?

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Phillip account: £500 or equivalent in EUR or USD --- Premium account: £10,000 or equivalent in EUR or USD…

What are Swaps?

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Swaps are the cost or benefit of holding an FX position overnight. They are based on the prevailing interest rates of the currencies traded. These are dis…

What are financing charges?

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Financing charges are the cost or benefit of holding a CFD position overnight. These are displayed as debits or credits on your MT4 terminal under the &ls…

How is my money distinguished from that of another client?

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Your money, along with that of other clients, will be held in a pooled client money account. In order to ensure the accuracy of our records, we undertake…

What if I pay to an account which is not segregated?

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This would be an unlikely occurrence, as we will only list segregated client accounts as payment designations. However, if there were to be an occurrence…

What do you mean by ‘segregated’?

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To segregate client money means that your funds will be held completely separately from PhillipCapital UK’s own money. This ensures that, in the eve…

Where is my money held?

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Your money will be held in a segregated client bank account with a tier one bank selected by the company. Where large amounts of client money are received…

What does PhillipCapital UK do with my money?

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PhillipCapital UK holds all money received from clients in segregated client money accounts. This money is recorded, held and reconciled daily in accordan…

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