Phillip Capital
Eightcap
VS
Higher Rated
Phillip Capital
Capital at risk · T&Cs apply
Choosing between Phillip Capital and Eightcap depends on your trading style, preferred markets, and budget. Phillip Capital is headquartered in Singapore, while Eightcap operates from Melbourne, Australia. Phillip Capital has the longer track record, established in 1975, compared to Eightcap which was founded in 2009. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Phillip Capital
Eightcap
| Phillip Capital | Eightcap | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.6/5 |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 | 1:500 ✓ |
| Regulation | MAS, ASIC | ASIC, FCA, CySEC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5 |
Phillip Capital is the better choice overall, scoring 3.7/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Capital
WinnerEightcap
Phillip Capital
Lower feesEightcap
Phillip Capital holds licences from MAS, ASIC. Eightcap is regulated by ASIC, FCA, CySEC.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Phillip Capital additionally covers Stocks. Eightcap adds Crypto.
Phillip Capital supports Proprietary Web, Proprietary Mobile. Eightcap offers MT4, MT5.
Phillip Capital requires no minimum deposit, while Eightcap sets a minimum deposit of $100. This makes Phillip Capital accessible to traders with any budget.
BrokerRank scores Phillip Capital at 3.74/5 and Eightcap at 3.62/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Phillip Capital leads overall with a clear advantage.
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
Eightcap
3.6/5
Choose Eightcap if you want…
Phillip Capital scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs Eightcap's 3.6/5. 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 Eightcap starts at 0 pips. Check the fees section above for a full breakdown.
Phillip Capital requires a minimum deposit of $0. Eightcap requires $100.
Phillip Capital is regulated by MAS, ASIC, while Eightcap holds licences from ASIC, FCA, CySEC.
Phillip Capital supports Proprietary Web, Proprietary Mobile. Eightcap supports MT4, MT5.
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.