Phillip Capital vs ICICI Direct 2026: Which Broker is Better?
Compare Phillip Capital and ICICI Direct side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phillip Capital
ICICI Direct
| Phillip Capital | ICICI Direct | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.1/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 | 1:5 |
| Regulation | MAS, ASIC ✓ | SEBI |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Phillip Capital is the better choice overall, scoring 3.7/5 vs 3.1/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Capital vs ICICI Direct: Key Differences
Phillip Capital
WinnerICICI Direct
Still deciding between Phillip Capital and ICICI Direct?
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Fees Comparison
Phillip Capital
Lower feesICICI Direct
BrokerRank Verdict
Phillip Capital scores 3.74/5 while ICICI Direct scores 3.15/5 in our independent rating.
Phillip Capital edges ahead overall, but ICICI Direct may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
- Higher overall rating (3.7/5)
- More regulatory licences (2)
- More market types (5)
- More established (est. 1975)
ICICI Direct
3.1/5
Choose ICICI Direct if you want…
Similar strengths to Phillip Capital — compare below.
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 & ICICI Direct are available in
Frequently Asked Questions
1Is Phillip Capital better than ICICI Direct?
Phillip Capital scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs ICICI Direct's 3.1/5. 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 ICICI Direct?
Phillip Capital offers spreads from 0 pips, while ICICI Direct starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs ICICI Direct?
Phillip Capital requires a minimum deposit of $0. ICICI Direct requires $0.
4Which broker is safer, Phillip Capital or ICICI Direct?
Phillip Capital is regulated by MAS, ASIC, while ICICI Direct holds licences from SEBI.
5What trading platforms do Phillip Capital and ICICI Direct support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. ICICI Direct supports Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Capital and ICICI Direct?
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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