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PhillipCapital Introduces its Own Forex Trading Platform in Australia

PhillipCapital, the global financial group, on Thursday announced the launch of its proprietary Forex trading platform – PhillipFX365, in Australia.

You can download the platform once you open an account with the company, which takes a couple of minutes. After your account is set up (the initial balance for a demo account is $50,000 of virtual money), you can safely commence work on the platform. One quick warning is mandatory here: do not forget to change your password, as in the opposite case the work space will not open.
Once the platform is up and running on your PC (no version for Mac is available yet), you will see a somewhat crowded workspace:
A chart with the price of a selected instrument is on the right, the Instrument Panel and the Instrument Grid are on the left.  
There are also the standard options for selecting the time-frame and the chart outlook, while the 30 technical indicators serve as a compliment for fans of technical analysis! Orders are easily managed with the help of One Click Trading - there is a special button for that, in case one gets lost. 
The bottom part of the screen is dedicated to the history of trading – positions, orders, etc. I like the alerts, although the fact that they appear as pop-up windows is a bit disturbing.
Overall, the outlook resembles that of Metatrader 4, but the most striking difference, as many of you perhaps have already guessed, is that PhillipFX365 does not offer any option for automated trading.
If you opt to use the platform, you may trade with 33 currency pairs (majors, crosses and exotics), as well as spot Gold and Silver. PhillipCapital boasts itself for offering competitive pricing: the target spreads for EURUSD and USDJPY, for example, are at 1.8 pips; regarding crosses, the target spreads for EURGBP and EURJPY, is 2.2 pips. 
The company pledges safe and sound environment for its clients' money, as it is kept in a separate client trust with an Authorised Deposit Taking Institution.
Last, but not least, there's a real perk for the self-esteem of each client, as you can benefit from a personal relationship manager, who will be your own point of contact, in case you need help. And that is so sweet!
PhillipFX365 has placed PhillipCapital next to a raft of FX companies offering trading through their own platforms. To mention at least a few: FXCM; Hirose; DF Markets and Trading 212.
The platform offering to the Australian clients is amid the steps that PhillipCapital is undertaking to boost its Australian business – CFDs are next in the pipeline. We hope that these efforts pay off!

About PhillipCapital 

PhillipCapital, set up in Singapore in 1975, is among Asia’s major financial institutions with a global reach covering Europe, North America and Australia. PhillipCapital employs over 3,500 staff, provides services to more than 780,000 clients in 16 countries and operates in some of the leading financial centers across the globe. 
PhillipCapital has assets under management and custody globally exceeding $20 billion with shareholders' funds surpassing $1 billion.
In Australia, PhillipCapital offers a raft of services, including wealth management, institutional and private client stockbroking, corporate finance, investment research and funds management.
TAGS: phillipcapital  australia  phillipfx365  trading platform  forex brokers  forex trading  one click trading  demo account  currency pairs  spreads  gold  silver 

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