FXCM
Phillip Capital
VS
Higher Rated
Phillip Capital
Capital at risk · T&Cs apply
In the FXCM vs Phillip Capital broker comparison, we see two well-established firms with distinct offerings tailored to different trader profiles. FXCM, headquartered in London and regulated by the FCA, appeals to forex and CFD traders seeking low spreads and advanced automated trading capabilities, with a strong emphasis on educational resources. Conversely, Phillip Capital, with its roots in Singapore and robust presence in the Asia-Pacific region, caters to investors interested in a broader range of markets, including stocks, and offers access to multiple global exchanges through its POEMS platform. While FXCM is ideal for those prioritising low entry costs and leverage up to 1:400, Phillip Capital is suited for traders looking for comprehensive market access and a longstanding regional presence.
FXCM
Phillip Capital
| FXCM | Phillip Capital | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 3.7/5 ✓ |
| Min. Deposit | $50 | $0 ✓ |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:400 ✓ | 1:5 |
| Regulation | FCA, ASIC | MAS, ASIC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Phillip Capital is the better choice overall, scoring 3.7/5 vs 3.7/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowFXCM
Phillip Capital
WinnerFXCM
Phillip Capital
FXCM
3.7/5
Choose FXCM if you want…
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
Phillip Capital scores higher overall on our independent rating system. FXCM holds a 3.7/5 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.
FXCM offers spreads from 0.2 pips, while Phillip Capital starts at 0 pips. Check the fees section above for a full breakdown.
FXCM requires a minimum deposit of $50. Phillip Capital requires $0.
FXCM is regulated by FCA, ASIC, while Phillip Capital holds licences from MAS, ASIC.
FXCM supports MT4, Proprietary Web, 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.