Phillip Capital vs City Index 2026: Which Broker is Better?
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
| Phillip Capital | City Index | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 4.1/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.5 pips |
| Max Leverage | 1:5 | 1:200 ✓ |
| Regulation | MAS, ASIC | FCA, ASIC, MAS ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MT4 |
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 belowPhillip Capital vs City Index: Key Differences
Phillip Capital
City Index
WinnerStill deciding between Phillip Capital and City Index?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
Phillip Capital
City Index
BrokerRank Verdict
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.
Who Should Choose Which?
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
- Tighter spreads (from 0 pips)
- More established (est. 1975)
City Index
4.1/5
Choose City Index if you want…
- Higher overall rating (4.1/5)
- No per-trade commission
- Higher leverage (up to 1:200)
- More regulatory licences (3)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Phillip Capital & City Index are available in
Frequently Asked Questions
1Is Phillip Capital better than City Index?
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.
2Which has lower fees, Phillip Capital or City Index?
Phillip Capital offers spreads from 0 pips, while City Index starts at 0.5 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs City Index?
Phillip Capital requires a minimum deposit of $0. City Index requires $0.
4Which broker is safer, Phillip Capital or City Index?
Phillip Capital is regulated by MAS, ASIC, while City Index holds licences from FCA, ASIC, MAS.
5What trading platforms do Phillip Capital and City Index support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. City Index supports Proprietary Web, Proprietary Mobile, MT4.
6Can I use both Phillip Capital and City Index?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
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.
Featured
Deriv
4.0Capital at risk · T&Cs apply