PhillipCapital group of companies has announced the official launch of PhillipCapital UK, a London-based subsidiary of the financial giant. The new company, which is active in the retail Forex market, offers its services via https://www.phillipcapitaluk.com.
The new brokerage will attract UK traders with 37 Forex pairs, 12 Index CFDs, Gold, Silver and Oil contracts. The entire lineup is available to trade on MetaTrader 4 (MT4), which traders can download on their PC or on their mobile device. Maximum leverage is 1:200.
The move is a landmark one for the retail Forex services of PhillipCapital. In the spring of 2013, the group launched an Australian FX business, whereas the US business of the group is about to start offering retail Forex services any moment now. The financial giant has basically set the stage ready for expanding its Forex business in Asia, the US and (now) Europe.
PhillipCapital actually first set its foot in the UK in 2002 with the acquisition of King & Shaxson, one of the major players in the City. PhillipCapital UK is a registered trading name of King & Shaxson Capital Limited and thus is regulated by the Financial Conduct Authority.