DFSAUnited Arab EmiratesTier 2Licence number
F003474
View licence record- Licence holder
- Held by PhillipCapital
- Licence type and regime
- Retail Forex License
Not checkedUpdated
At a glance
Regulation on record for PhillipCapital
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
PhillipCapital has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for PhillipCapital, strongest authority first.
1 record
- DFSAUnited Arab EmiratesTier 2
Protection
What this licence protects
DFSA's own rules for the firms it authorises.
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Client money kept separate
- Negative balance protection
- Complaints routeDFSA Complaints
- Maximum leverage1:150
Frequently Asked Questions
Questions about the licences held by PhillipCapital
Answered from the register entries on this page.
Most Popular Questions
PhillipCapital provides customer support via phone, live chat during business hours, and email. Support is available in English, and the broker lists multiple contact phone numbers for different regions.
PhillipCapital offers trading in regulated financial instruments such as stocks, options, derivatives, and futures. Forex trading is not specifically indicated in the provided context.
PhillipCapital supports several funding methods including Bank Wire Transfer, ACH Transfer, Check, and regional e-wallets like PayNow and eNETS in Singapore. Processing times range from instant for e-wallets to several days for wire transfers, with fees varying by method and region.
PhillipCapital requires a minimum deposit of 5000 USD. The broker does not charge commissions, but withdrawal fees vary depending on the payment method and region. For example, bank wire transfer withdrawals typically incur a fee of around 25 USD in the US.
PhillipCapital provides access to the MetaTrader 4 platform, which is available on desktop. MetaTrader 4 is known for advanced charting, automated trading through Expert Advisors, and reliable execution.
PhillipCapital holds a Retail Forex License issued by the Dubai Financial Services Authority (DFSA) in the United Arab Emirates. The DFSA is an onshore regulator with a high transparency level and a regulatory index of 80. However, PhillipCapital does not have mandatory client fund insurance but applies strict fund segregation.
PhillipCapital has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
PhillipCapital holds licence records issued by DFSA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by PhillipCapital comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by PhillipCapital has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
PhillipCapital has licence records in United Arab Emirates. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.