Financing and Charges :: FAQs Categories Page 1

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.5% of retail investor accounts lose money when trading CFDs with this provider .
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

With the current COVID-19 situation, we would like to take this opportunity to reassure you of our commitment and ability to continue to provide you with a top-class service.
Our infrastructure and team are prepared to provide all services and support without interruption. We have in place controls for human resources, communications and business continuity management and we have confirmed that our support team is equipped to work remotely.
Should you require further information please do not hesitate to contact us.

FAQs

Financing and Charges

Learn About Financing and Charges with PhillipCapital UK Here     (Page 1)

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 +44 (0)207 398 3100…

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 +44 207 398 3100 o…

What is the minimum initial deposit amount?
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Minimum Standard Account $2,000…

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…

FAQs
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High Risk Investment Notice: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Telephone calls and online chat conversations may be recorded and maintained. The information on this site is not directed at residents of the United States of America and is not intended for distribution to or for use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. PhillipCapital UK Limited (Company Number: 2863591). Registered Office: 3rd Floor, 12-14 Mason’s Avenue, London EC2V 5BT. Registered in England and part of the PhillipCapital Group is authorised and Regulated by the Financial Conduct Authority, 12 Endeavour Square, London E20 1JN. (Reference Number: 169760)

Whilst every effort has been made to ensure the accuracy of the website, this information is subject to change, often without notice and therefore is for guidance only. If you ever have any questions please contact PhillipCapital UK directly.

This website has been drafted in the English language, but may be translated by Google Translate or other translation means. Where the website has been translated, in the event of any discrepancy between the meaning of the translated version of the website and the English language version, the English language version shall prevail.

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