Phillip Capital
City Index
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
Compare Phillip Capital and City Index side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phillip Capital
City Index
City Index is the better choice overall, scoring 4.1/5 vs 3.7/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
City Index
3.7 vs 4.1
Lowest Fees
Phillip Capital
0 vs 0.5 pips
Regulation
City Index
2 vs 3 licences
Min. Deposit
Tied
$0 vs $0
Phillip Capital
City Index
WinnerPhillip Capital
City Index
Phillip Capital scores 3.74/5 while City Index scores 4.06/5 in our independent rating.
City Index edges ahead overall, but Phillip Capital may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
City Index
4.1/5
Choose City Index if you want…
City Index scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs City Index's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Phillip Capital offers spreads from 0 pips, while City Index starts at 0.5 pips. Check the fees section above for a full breakdown.
Phillip Capital requires a minimum deposit of $0. City Index requires $0.
Phillip Capital is regulated by MAS, ASIC, while City Index holds licences from FCA, ASIC, MAS.
Phillip Capital supports Proprietary Web, Proprietary Mobile. City Index supports Proprietary Web, Proprietary Mobile, MT4.
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.