Eightcap
Phillip Capital
VS
Higher Rated
Phillip Capital
Capital at risk · T&Cs apply
In this comparison of Eightcap and Phillip Capital, two distinct brokerage options emerge, catering to different types of traders. Eightcap, based in Melbourne and regulated by ASIC and FCA, appeals to forex and crypto CFD traders with its competitive raw spread accounts and high leverage of up to 1:500. Conversely, Phillip Capital, with its robust presence in the Asia-Pacific region and proprietary platforms, is well-suited for traders interested in diverse market access, including stocks and commodities, with a strong focus on regional exchanges. While Eightcap offers more aggressive leverage, Phillip Capital's extensive market reach and lack of a minimum deposit make it appealing for investors seeking long-term growth opportunities across multiple markets.
Eightcap
Phillip Capital
| Eightcap | Phillip Capital | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 3.7/5 ✓ |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | ASIC, FCA, CySEC ✓ | MAS, ASIC |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile |
Phillip Capital is the better choice overall, scoring 3.7/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Eightcap offers lower spreads (0 pips).
See full side-by-side comparison belowEightcap
Phillip Capital
WinnerEightcap
Phillip Capital
Lower fees
Eightcap
3.6/5
Choose Eightcap if you want…
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
Phillip Capital scores higher overall on our independent rating system. Eightcap holds a 3.6/5 rating vs Phillip Capital's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Eightcap offers spreads from 0 pips, while Phillip Capital starts at 0 pips. Check the fees section above for a full breakdown.
Eightcap requires a minimum deposit of $100. Phillip Capital requires $0.
Eightcap is regulated by ASIC, FCA, CySEC, while Phillip Capital holds licences from MAS, ASIC.
Eightcap supports MT4, MT5. Phillip Capital supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.