:: PHI Capital Management ::

FREE PCM PRACTICE ACCOUNT

Before you try your hands on the live Forex Market and open a live account, you can create a demo trading account free of cost. With this free practice account, you can eventually practice trading online 24 hours a day, 5 days a week. Aside from these, you also have the option of –

Live buying and selling prices
£50,000 of virtual money in your account

These demo accounts are a replica of the real market, and operate under a simulated environment, similar to that of the real market. Certain features like lack of dependency on real-time market liquidity are a part of only the demo account, and are not available in the live accounts. Certain products mentioned in the demo accounts might not be available in the live accounts, and the updates to these demo accounts may not be in accord with the live accounts.

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High Risk Investment Warning: Trading foreign exchange, contracts for differences, or spread bets on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade the products offered by PCM you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. PCM provides general advice that does not take into account your objectives, financial situation or needs. The content of this Website must not be construed as personal advice. PCM recommends you seek advice from a separate financial advisor. Please click here to read full risk warning.

* Re-quotes occur when a trader makes an order at a specific price, but the order is rejected by a trading desk, and the trader is given a new price to accept or reject. Re-quotes can slow down your trading. PCM cannot re-quote forex orders because those orders operate on straight through processing. PCM also maintains a no re-quote policy for indices, metals, and oil, although those orders do not operate on straight through processing. Orders are executed at the best price available within the trader's parameters, subject to market liquidity at the time .