Press release -
PhillipCapital Launches Retail Trading In The UK
PhillipCapital UK, a member of the PhillipCapital group of companies, is strengthening its position in United Kingdom through the launch of retail trading, bringing with them 40 years of experience in retail trading to the European market. This will extend the offering of its Singapore parent, which remains a leader in retail trading in Asia, specialising in futures and stock broking.
PhillipCapital UK has started with the MT4 platform, offering margin trading on popular currency pairs, global index CFDs, commodity CFDs and spot precious metals.
Chairman of PhillipCapital, Lim Hua Min, said: “PhillipCapital has always been at the forefront in developing retail trading in Asia, a region that is no stranger to innovation. Our goal is to continue to expand the group’s exchange memberships and widen the network of the company’s global offices. The introduction of PhillipCapital UK marks the continued development of our products into Europe, bringing expertise and experience to service the industry today.”
Since 2002, PhillipCapital has owned the UK entity, King and Shaxson, which itself was founded in 1866 and is poised to celebrate its 150th anniversary next year. With a predominantly institutional client base, dealing in an array of fixed income products and a primary participant in the UK Treasury Bill tender, the arrival of PhillipCapital UK represents the addition of a retail arm to the London operation.
PhillipCapital UK CEO, David Wileman, said: “We believe retail investors should not be denied the opportunity to be dealing in an instrument that they understand and have the resources to trade. It should not be a field left solely to the investment banks.
“We are entering the business at a volatile time, but are confident in the robustness of the operation that has been vigorously tested to provide a professional, personal and reliable service for retail traders looking to hedge investment portfolio risk and trade the markets. With many brokerages feeling the consequences of the Swiss Franc surge in January 2015, traders can take comfort in PhillipCapital UK’s financial stability, size and expertise; PhillipCapital UK is here to stay.”
Topics
- Economy, Finance
Categories
- broker
- cfds
- futures
- trading
- investment
- europe
- united kingdom
- commodities
- currency
- forex
Since 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence that offers a full range of quality and innovative services to retail, corporate and institutional customers.
Our comprehensive suite of financial products and services includes fund management, managed accounts, unit trusts, insurance planning, regular savings, contracts for difference, exchange traded funds, investment research, equity financing, property; and broking in bonds, securities, futures, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.
With more than 3,500 employees and over 900,000 clients worldwide, our assets under custody/management totals to more than USD 24 Billion with shareholders' funds in excess of USD 1 Billion.
PhillipCapital (with headquarters in Singapore) operates in the financial hubs of 16 countries, with offices in Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, UAE, UK, France, Turkey, Australia and USA.
