Withdrawals :: FAQs Categories

What is your margin requirement?

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Your margin requirement is the sum of margin required to be held in relation to open positions across your account. Our current margin requirements can be…

How do I change bank details with PhillipCapital UK?

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To change your bank account, login into your MyPhillip, select “Register/update Your Bank Details” and complete the form with your new details…

What should I do if funds are not received?

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If you have not received your funds in a timely manner, please contact your relationship manager or a member of the helpdesk.…

Can I instruct you to pay money to third parties?

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No – we will only return funds directly to you…

Can PhillipCapital UK return funds in a currency other than the base currency

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No - PhillipCapital UK will only return funds in the base currency of your trading account. Your bank is responsible for converting the payment back to th…

How long with it take to process a withdrawal?

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We will endeavour to process all withdrawal requests as speedily as possible. However, the receipt of your funds is affected by many factors, including th…

Is there a Minimum and Maximum amount I can withdraw from my account?

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We have no limit on the amount you can withdraw, but please note for small amounts the applicable bank charges could be a significant proportion of the am…

How will PhillipCapital return funds when requested?

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We will return funds to the value of your initial deposit to the source of funds, either your debit card or bank account. Any other funds will be returned…

When can I withdraw funds from my account and how often?

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You can submit a withdrawal request at any time. However, the cut off time for same day processing is 13:30 London Time. Any withdrawal request submitted…

How do I withdraw funds?

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You are able to request a withdrawal by logging onto the MyMoney page of your MyPhillip account and selecting “Request Withdrawal”. You may al…

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