Phillip Capital vs HYCM 2026: Which Broker is Better?
Choosing between Phillip Capital and HYCM depends on your trading style, preferred markets, and budget. Phillip Capital is headquartered in Singapore, while HYCM operates from London, UK. Phillip Capital has the longer track record, established in 1975, compared to HYCM which was founded in 1977. 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
HYCM
| Phillip Capital | HYCM | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.6/5 |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:5 | 1:500 ✓ |
| Regulation | MAS, ASIC | FCA, CySEC, DFSA ✓ |
| 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 HYCM: Key Differences
Phillip Capital
WinnerHYCM
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Fees Comparison
Phillip Capital
HYCM
Regulation & Trust
Phillip Capital holds licences from MAS, ASIC. HYCM is regulated by FCA, CySEC, DFSA.
Markets & Assets
Both brokers offer access to Stocks, Forex, Cfd, Indices, Commodities markets.
Fees & Spreads
On spreads, Phillip Capital is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at HYCM.
Trading Platforms
Phillip Capital supports Proprietary Web, Proprietary Mobile. HYCM offers MT4, MT5.
Minimum Deposit
Phillip Capital requires no minimum deposit, while HYCM 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 HYCM at 3.43/5, 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)
- Tighter spreads (from 0 pips)
- No minimum deposit
- More established (est. 1975)
HYCM
3.6/5
Choose HYCM if you want…
- No per-trade commission
- 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 & HYCM are available in
Frequently Asked Questions
1Is Phillip Capital better than HYCM?
Phillip Capital scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs HYCM'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 HYCM?
Phillip Capital offers spreads from 0 pips, while HYCM starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs HYCM?
Phillip Capital requires a minimum deposit of $0. HYCM requires $100.
4Which broker is safer, Phillip Capital or HYCM?
Phillip Capital is regulated by MAS, ASIC, while HYCM holds licences from FCA, CySEC, DFSA.
5What trading platforms do Phillip Capital and HYCM support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. HYCM supports MT4, MT5.
6Can I use both Phillip Capital and HYCM?
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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