Phillip Capital vs Firstrade 2026: Which Broker is Better?
Choosing between Phillip Capital and Firstrade depends on your trading style, preferred markets, and budget. Phillip Capital is headquartered in Singapore, while Firstrade operates from New York, USA. Phillip Capital has the longer track record, established in 1975, compared to Firstrade which was founded in 1985. 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
Firstrade
| Phillip Capital | Firstrade | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 ✓ | 1:2 |
| Regulation | MAS, ASIC | SEC, CFTC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Phillip Capital is the better choice overall, scoring 3.7/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Capital vs Firstrade: Key Differences
Phillip Capital
Firstrade
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Fees Comparison
Phillip Capital
Firstrade
Lower feesRegulation & Trust
Phillip Capital holds licences from MAS, ASIC. Firstrade is regulated by SEC, CFTC.
Markets & Assets
Both brokers offer access to Stocks, Indices markets. Phillip Capital additionally covers Forex, Cfd, Commodities.
Trading Platforms
Phillip Capital supports Proprietary Web, Proprietary Mobile. Firstrade offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Capital requires no minimum deposit, while Firstrade sets no minimum deposit. This makes Phillip Capital accessible to traders with any budget.
Overall Ratings
BrokerRank scores Phillip Capital at 3.74/5 and Firstrade at 3.41/5, 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)
- Higher leverage (up to 1:5)
- More market types (5)
- More established (est. 1975)
Firstrade
3.4/5
Choose Firstrade if you want…
- No per-trade commission
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 & Firstrade are available in
Frequently Asked Questions
1Is Phillip Capital better than Firstrade?
Phillip Capital scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs Firstrade's 3.4/5. 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 Firstrade?
Phillip Capital offers spreads from 0 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs Firstrade?
Phillip Capital requires a minimum deposit of $0. Firstrade requires $0.
4Which broker is safer, Phillip Capital or Firstrade?
Phillip Capital is regulated by MAS, ASIC, while Firstrade holds licences from SEC, CFTC.
5What trading platforms do Phillip Capital and Firstrade support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. Firstrade supports Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Capital and Firstrade?
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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