Trade forex with Phillip Capital and access over 37 currency pairs

Spreads start at 0.4 pips on global foreign exchange markets with Phillip Capital ECN forex trading.


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Phillip Capital Forex Trading

Disclaimer: Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider's PDS and consider the risks before trading.

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Type of brokerOnline
Available markets37 currency pairs
Minimum Spreads for Major Currencies0.4-1.0 pips
Minimum opening balance$200
PlatformsPhillip FX365 and Phillip MT4
SupportPhone, email

Phillip Capital provides a choice of two trading platforms, Phillip MetaTrader 4 (MT4) and Phillip FX365 as well as three account types to suit the needs of different traders. Each trading account is backed by a range of educational features and support from four locations around Australia.

If you're looking to trade currency pairs on global forex markets, Phillip Capital provides access to 37 major, minor and exotic currency pairs. Spreads start from as low as 0.4 pips and leverage goes up to 100:1. Note: Leverages may change from March 2021 following a review by ASIC.

What are the features of Phillip Capital?

When you trade forex with Phillip Capital, you can enjoy the following list of benefits:

37 currency pairs

Phillip Capital allows you to trade 37 currency pairs, including majors like AUD/USD, EUR/USD, USD/CHF and USD/JPY. Minor and exotic currencies are also available, including the Singapore dollar and the Turkish lira.

Two trading platforms

Phillip Capital offers a choice of two trading platforms: Phillip FX365 and Phillip MT4. MT4 is the most popular trading platform in the world and offers advanced charting and mobile trading for added convenience. FX365 suits the needs of active traders by offering one-click trading, advanced order placement and faster processing times.

Three account types

Phillip Capital offers three trading account levels to suit the needs of different traders: Phillip Accelerator, Phillip Gateway and Phillip Horizon. These accounts differ in the spreads they offer to customers and also the minimum opening deposits required.

Tight spreads

You can take advantage of spreads as low as 0.4 pips if you open a Phillip Accelerator Account. The minimum spread rises to 0.6 pips on a Phillip Gateway Account and 1.0 pips on a Phillip Horizon Account. AUD/USD spreads start from 0.6 pips.

Minimum deposit

The minimum deposit required to open a Phillip Horizon Account is just $200. This increases to $5,000 for a Gateway Account and $50,000 for an Accelerator Account.

Mobile trading

Both the MT4 and FX365 platforms offer a mobile trading option, allowing you to place trades whenever and wherever you want.

Regulated in Australia

Phillip Capital is regulated in Australia by the Australian Securities and Investments Commission (ASIC).

What support is available with Phillip Capital?

If you experience a trading problem or have a question about your account, you can get in touch with Phillip Capital customer support by dialling a toll-free number. The provider has offices in Melbourne, Sydney, Adelaide and the Gold Coast. Email support is also available.

A handy online FAQ section is available to help you find the answers to common questions, and there’s a wealth of information on the website explaining the benefits of forex trading and how to get started. Phillip Capital also offers a range of webinars and seminars to its trading clients to help you get more out of your account.

What are the pros and cons of using Phillip Capital?

Make sure to consider the pros and cons of Phillip Capital before deciding whether to open an account:


  • Experienced. Phillip Capital has been offering forex trading around the world for 25 years, so you can trade forex safe in the knowledge that you are dealing with a trusted and experienced provider.
  • Segregated client funds. Phillip Capital keeps its clients’ funds segregated and secure in a separate client trust account.
  • High-speed execution. Phillip Capital’s servers are located in Equinix NY4 in New York, providing rapid order execution and reduced slippage.
  • Mobile trading. Phillip Capital’s mobile trading options mean you can trade on the go and never miss an opportunity.


  • No guaranteed stops. Phillip Capital does not offer guaranteed stops to traders.
  • No live chat. There is no online live chat support available if you have a question about your account.

How do I apply for a Phillip Capital account?

If you’d like to open an account with Phillip Capital, you can apply online by clicking one of the links on this page. You’ll need to supply your name, contact details and date of birth as well as specify the type of trading account you would like to open.

The online application takes around 5-10 minutes to complete and, once your application is approved, you can deposit funds into your account and start trading.

Do you have more questions about Phillip Capital?

Is there a demo account available?

Yes, Phillip Capital allows you to open a demo account to try forex trading without any risk and to sample the features of a Phillip Capital account.

What are Phillip Capital’s base currencies?

The provider’s base currencies are AUD and USD, but you can also make deposits in SGD, JPY and HKD.

How do I deposit funds into my account?

You can deposit money into your Phillip Capital account by credit card, debit card and BPAY.

Does Phillip Capital provide forex VPS hosting?

No, this service is not available.

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