Phillip Capital vs Eightcap 2026: Which Broker is Better?
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 vs Eightcap: Key Differences
Phillip Capital
WinnerEightcap
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Fees Comparison
Phillip Capital
Lower feesEightcap
Regulation & Trust
Phillip Capital holds licences from MAS, ASIC. Eightcap is regulated by ASIC, FCA, CySEC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Phillip Capital additionally covers Stocks. Eightcap adds Crypto.
Trading Platforms
Phillip Capital supports Proprietary Web, Proprietary Mobile. Eightcap offers MT4, MT5.
Minimum Deposit
Phillip Capital requires no minimum deposit, while Eightcap sets a minimum deposit of $100. This makes Phillip Capital accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
- Higher overall rating (3.7/5)
- No minimum deposit
- More established (est. 1975)
Eightcap
3.6/5
Choose Eightcap if you want…
- 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 & Eightcap are available in
Frequently Asked Questions
1Is Phillip Capital better than Eightcap?
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.
2Which has lower fees, Phillip Capital or Eightcap?
Phillip Capital offers spreads from 0 pips, while Eightcap starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs Eightcap?
Phillip Capital requires a minimum deposit of $0. Eightcap requires $100.
4Which broker is safer, Phillip Capital or Eightcap?
Phillip Capital is regulated by MAS, ASIC, while Eightcap holds licences from ASIC, FCA, CySEC.
5What trading platforms do Phillip Capital and Eightcap support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. Eightcap supports MT4, MT5.
6Can I use both Phillip Capital and Eightcap?
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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