IC Markets
Phillip Capital
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
In the broker comparison of IC Markets and Phillip Capital, traders will find distinct advantages tailored to different trading needs. IC Markets, with its ultra-low spreads and fast execution, appeals to high-frequency forex and CFD traders seeking a dynamic trading environment supported by popular platforms like MT4, MT5, and TradingView. Meanwhile, Phillip Capital, boasting over 50 years of experience and a strong presence in the Asia-Pacific region, is ideal for traders interested in extensive market access, particularly those focusing on stocks and commodities through its proprietary POEMS platform. The key difference lies in IC Markets' emphasis on high leverage and low-cost trading, contrasted with Phillip Capital's robust market access and established regional expertise.
IC Markets
Phillip Capital
| IC Markets | Phillip Capital | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.7/5 |
| Min. Deposit | $200 | $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 |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.7/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets
Phillip Capital
WinnerIC Markets
Phillip Capital
Lower fees
IC Markets
3.9/5
Choose IC Markets if you want…
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 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.
IC Markets offers spreads from 0 pips, while Phillip Capital starts at 0 pips. Check the fees section above for a full breakdown.
IC Markets requires a minimum deposit of $200. Phillip Capital requires $0.
IC Markets is regulated by ASIC, CySEC, while Phillip Capital holds licences from MAS, ASIC.
IC 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.