Phillip Capital vs Fusion Markets 2026: Which Broker is Better?
Choosing between Phillip Capital and Fusion Markets depends on your trading style, preferred markets, and budget. Phillip Capital is headquartered in Singapore, while Fusion Markets operates from Melbourne, Australia. Phillip Capital has the longer track record, established in 1975, compared to Fusion Markets which was founded in 2017. 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
Fusion Markets
| Phillip Capital | Fusion Markets | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 3.9/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 | 1:500 ✓ |
| Regulation | MAS, ASIC | ASIC, VFSC, FSA ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, TradingView |
Fusion Markets is the better choice overall, scoring 3.9/5 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 Fusion Markets: Key Differences
Phillip Capital
WinnerFusion Markets
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Fees Comparison
Phillip Capital
Lower feesFusion Markets
Regulation & Trust
Phillip Capital holds licences from MAS, ASIC. Fusion Markets is regulated by ASIC.
Markets & Assets
Both brokers offer access to Stocks, Forex, Cfd, Indices, Commodities markets.
Trading Platforms
Phillip Capital supports Proprietary Web, Proprietary Mobile. Fusion Markets offers MT4, MT5, TradingView.
Minimum Deposit
Phillip Capital requires no minimum deposit, while Fusion Markets 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 Fusion Markets at 3.56/5, 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…
- More established (est. 1975)
Fusion Markets
3.9/5
Choose Fusion Markets if you want…
- Higher overall rating (3.9/5)
- Higher leverage (up to 1:500)
- More regulatory licences (3)
- More market types (6)
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 & Fusion Markets are available in
Frequently Asked Questions
1Is Phillip Capital better than Fusion Markets?
Fusion Markets scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs Fusion Markets's 3.9/5. 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 Fusion Markets?
Phillip Capital offers spreads from 0 pips, while Fusion Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs Fusion Markets?
Phillip Capital requires a minimum deposit of $0. Fusion Markets requires $0.
4Which broker is safer, Phillip Capital or Fusion Markets?
Phillip Capital is regulated by MAS, ASIC, while Fusion Markets holds licences from ASIC, VFSC, FSA.
5What trading platforms do Phillip Capital and Fusion Markets support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. Fusion Markets supports MT4, MT5, TradingView, cTrader.
6Can I use both Phillip Capital and Fusion 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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