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Each time you use or enter (hereinafter referred to as the “Phi Website”) and by continuing to access or use the Phi Website, you expressly acknowledge and agree to the terms and conditions set out below in this Disclaimer, as well as the Privacy Statement and Website Terms and Conditions that may be found on the Phi Website.

Services contained and mentioned in the Phi Website are not relevant to nor available to retail clients, therefore the Phi Website and any information or documents within this site are only available to professional clients and eligible counterparties as defined by the FCA accept where we provide a public information source as detailed below.

The distribution of the information contained in the Phi Website in certain countries may be restricted by law and persons who access it are required to inform themselves and to comply with any such restrictions.

The “Phi Website” is published and provided solely for informational purposes

Any information displayed at

The Phi Website is provided “AS IS” without any warranty of any kind, express or implied, including, but not limited to, any implied warranty of merchantability, fitness for a particular purpose, accuracy or completeness of the information contained on this Phi Website or in respect of any materials or products referred to on this Phi Website, or non-infringement.

Difficulties in use of this Phi Website could involve, among others, failures, delays, malfunction, software erosion, inadvertent disclosure of information provided to Phi Capital Limited via this Phi Website, or hardware damage, which difficulties could be the result of hardware, software or communication link inadequacies or other causes. Such difficulties could lead to possible economic and/or data loss. Phi Capital Limited does not warrant that the Phi Website is compatible with your equipment or that the Phi Website is free of errors, viruses or worms. In no event shall Phi Capital Limited be liable for any damage you may suffer as a result of such destructive features. All warranties, whether express or implied, are hereby excluded to the extent permitted by law.

This Phi Website and any information and material which it contains are subject to change at any time by Phi Capital Limited without prior notice to you so you should review these terms and conditions whenever accessing or using the Phi Website.

By using the Phi Website after the posting of modifications to this Disclaimer, the Privacy Statement and Website Terms and Conditions, you signify your acceptance of such changes related to the aforementioned documents and the Phi Website, as modified. You may not use this Phi Website  if, at any time, you do not wish to accept the terms and conditions as set forth in this Disclaimer, the Privacy Statement and Website Terms and Conditions.

Phi Capital Limited reserves the right to suspend, terminate or restrict your access to or use of this Phi Website.

All information and material including templates/images and text and on the Phi Website is the property of Phi Capital Limited and is subject to copyright. Any trademarks on this Phi Website are the property of their respective owners. You are entitled to view, copy and print any documents from the Phi Website but only for your own internal business purposes. You acquire absolutely no rights or licenses in or to the Phi Website or the materials contained within the Phi Website other than the limited right to use the Phi Website in accordance with this Disclaimer. Any sale, transmission or redistribution of the Phi Website or its content, and any copying, modification or other use of the Phi Website or its content for any purposes other than your own internal business purposes, are strictly prohibited.

You must not transmit any virus or other item of a destructive nature to the Phi Website, and it is the user’s responsibility to ensure that whatever users download or select for the users to use from the site is free from such items.

This Phi Website may provide links to certain website by third parties (“Third Party Websites“). Such Third Party Websites are publicly available and Phi Capital Limited is providing access to such Third Party Websites through this Phi Website solely as a convenience to you. Third Party Websites are not reviewed, controlled or examined by us and we are not responsible for the information, advertising, products, resources or other materials, of any linked site or any link contained in a linked site. The inclusion of any link does not imply any endorsement whatsoever by Phi Capital Limited. In addition, please be aware that your use of any linked site is subject to the terms and conditions applicable to that Phi Website.

Phi Capital Limited do not intend the information provided on this site to be distributed to, or used by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Phi Capital Limited or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by Phi Capital Limited or its affiliates to buy or sell any Capital, futures, options or other financial instruments or provide any investment advice or service.

Phi Capital Limited and its directors, officers, employees and agents shall, to the extent permitted by law, have no liability, contingent or otherwise, whether caused by the negligence of Phi Capital Limited, its employees, subcontractors, agents, Suppliers, or otherwise, to you or to third parties for the accuracy, timeliness, completeness, reliability, performance or continued availability of this Phi Website  or for delays or omissions therein, including, but not limited to, inaccuracies or errors in or omissions from quotes and financial data. Phi Capital Limited shall have no responsibility to maintain the information or services made available on this Phi Website or to supply any corrections or updates in connection with such information or services.

Nothing set forth in this Phi Website  should be construed as a recommendation to purchase or sell any product or instrument or to enter into any transaction, or as a representation that any particular product or instrument is suitable or appropriate for you. Many of the products described in this Phi Website involve significant risks and you should not enter into any transactions unless you fully understand all of these risks and have independently determined that the risks are acceptable to you and that the transactions are appropriate for you in light of your objectives, experience, financial and operational resources and other relevant circumstances. Any discussion of risks contained in this Phi Website, however, should not be considered to be a disclosure of the risks of particular transactions, or a complete discussion of the risks which are mentioned.

In no event will Phi Capital Limited, nor any of its affiliates, trading names, directors, officers or employees, nor any third party vendors be liable to you for any direct, special, indirect, incidental, punitive or consequential damages (including, without limitation, loss of business, loss of profit, loss or corruption of data, loss of goodwill or reputation or wasted management time) which may be incurred or experienced on account of your using or relying upon this Phi Website  or any information or link on it, even if Phi Capital Limited has been advised of the possibility of such damages or the respective contents; or otherwise arising in connection therewith or that you incur in the event of any failure or interruption of the Phi Website; or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you; or from any other cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Phi Capital Limited or of any vendor providing software or services.

A condition of your browsing and using the Phi Website is that in the event of any enforcement of terms, dispute or proceeding (and any non-contractual disputes or claims) you irrevocably submit to the exclusive jurisdiction of the English Courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

The Phi Capital Website  (“Phi Website”) is issued in the United Kingdom by Phi Capital Limited which is authorised and regulated by the FCA (FRN 913030).