FP Markets
Phillip Capital
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
In the brokerage landscape, FP Markets and Phillip Capital stand out with distinct offerings tailored to different types of traders. FP Markets, established in 2005, appeals to traders seeking low-cost forex and CFD trading with spreads from 0.0 pips and high leverage, making it ideal for those who value competitive pricing and diverse platform options, including MT4 and TradingView. On the other hand, Phillip Capital, with its 50-year history, caters to investors focused on stock market access across Asia-Pacific and major global exchanges, benefiting from its proprietary POEMS platform and zero minimum deposit requirement. The key difference lies in FP Markets' focus on cost-effective forex and CFD trading, whereas Phillip Capital provides comprehensive equity market access with a regional emphasis.
FP Markets
Phillip Capital
| FP Markets | Phillip Capital | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.7/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | ASIC, CySEC | MAS, ASIC |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
FP Markets is the better choice overall, scoring 3.8/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets
Phillip Capital
WinnerFP Markets
Phillip Capital
Lower fees
FP Markets
3.8/5
Choose FP Markets if you want…
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
FP Markets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 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.
FP Markets offers spreads from 0 pips, while Phillip Capital starts at 0 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. Phillip Capital requires $0.
FP Markets is regulated by ASIC, CySEC, while Phillip Capital holds licences from MAS, ASIC.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. 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.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.