Phillip Capital vs CMC Markets 2026: Which Broker is Better?
Compare Phillip Capital and CMC Markets side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phillip Capital
CMC Markets
| Phillip Capital | CMC Markets | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 4.0/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.7 pips |
| Max Leverage | 1:5 | 1:500 ✓ |
| Regulation | MAS, ASIC | FCA, ASIC, MAS ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MT4 |
CMC Markets is the better choice overall, scoring 4.0/5 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 CMC Markets: Key Differences
Phillip Capital
CMC Markets
WinnerStill deciding between Phillip Capital and CMC Markets?
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Fees Comparison
Phillip Capital
CMC Markets
BrokerRank Verdict
Phillip Capital scores 3.74/5 while CMC Markets scores 4.04/5 in our independent rating.
CMC Markets 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)
CMC Markets
4.0/5
Choose CMC Markets if you want…
- Higher overall rating (4.0/5)
- No per-trade commission
- Higher leverage (up to 1:500)
- 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 & CMC Markets are available in
Frequently Asked Questions
1Is Phillip Capital better than CMC Markets?
CMC Markets scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs CMC Markets's 4.0/5. 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 CMC Markets?
Phillip Capital offers spreads from 0 pips, while CMC Markets starts at 0.7 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs CMC Markets?
Phillip Capital requires a minimum deposit of $0. CMC Markets requires $0.
4Which broker is safer, Phillip Capital or CMC Markets?
Phillip Capital is regulated by MAS, ASIC, while CMC Markets holds licences from FCA, ASIC, MAS.
5What trading platforms do Phillip Capital and CMC Markets support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. CMC Markets supports Proprietary Web, Proprietary Mobile, MT4.
6Can I use both Phillip Capital and CMC Markets?
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.
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