Phillip Capital
Kraken
VS
Higher Rated
Phillip Capital
Capital at risk · T&Cs apply
Choosing between Phillip Capital and Kraken depends on your trading style, preferred markets, and budget. Phillip Capital is headquartered in Singapore, while Kraken operates from San Francisco, USA. Phillip Capital has the longer track record, established in 1975, compared to Kraken which was founded in 2011. 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
Kraken
| Phillip Capital | Kraken | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:5 | 1:5 |
| Regulation | MAS, ASIC | FCA, 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
WinnerKraken
Phillip Capital
Lower feesKraken
Phillip Capital holds licences from MAS, ASIC. Kraken is regulated by FCA, CFTC.
Phillip Capital additionally covers Stocks, Forex, Cfd, Indices, Commodities. Kraken adds Crypto.
On spreads, Phillip Capital is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
Phillip Capital supports Proprietary Web, Proprietary Mobile. Kraken offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Phillip Capital requires no minimum deposit, while Kraken sets no minimum deposit. This makes Phillip Capital accessible to traders with any budget.
BrokerRank scores Phillip Capital at 3.74/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Phillip Capital leads overall with a clear advantage.
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
Kraken
3.4/5
Choose Kraken if you want…
Similar strengths to Phillip Capital — compare below.
Phillip Capital scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs Kraken's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Phillip Capital offers spreads from 0 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
Phillip Capital requires a minimum deposit of $0. Kraken requires $0.
Phillip Capital is regulated by MAS, ASIC, while Kraken holds licences from FCA, CFTC.
Phillip Capital supports Proprietary Web, Proprietary Mobile. Kraken supports Proprietary Web, Proprietary Mobile.
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.