Phillip Capital
Merrill Edge
VS
Higher Rated
Phillip Capital
Capital at risk · T&Cs apply
Choosing between Phillip Capital and Merrill Edge depends on your trading style, preferred markets, and budget. Phillip Capital is headquartered in Singapore, while Merrill Edge operates from Charlotte, USA. Phillip Capital has the longer track record, established in 1975, compared to Merrill Edge which was founded in 2010. 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
Merrill Edge
Phillip Capital is the better choice overall, scoring 3.7/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Phillip Capital
3.7 vs 3.2
Lowest Fees
Tied
0 vs 0 pips
Regulation
Phillip Capital
2 vs 1 licences
Min. Deposit
Tied
$0 vs $0
Phillip Capital
WinnerMerrill Edge
Phillip Capital
Merrill Edge
Lower feesPhillip Capital holds licences from MAS, ASIC. Merrill Edge is regulated by SEC.
Both brokers offer access to Stocks, Indices markets. Phillip Capital additionally covers Forex, Cfd, Commodities.
Phillip Capital supports Proprietary Web, Proprietary Mobile. Merrill Edge offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Phillip Capital requires no minimum deposit, while Merrill Edge sets no minimum deposit. This makes Phillip Capital accessible to traders with any budget.
BrokerRank scores Phillip Capital at 3.74/5 and Merrill Edge at 3.19/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Phillip Capital leads overall with a clear advantage.
Phillip Capital scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs Merrill Edge's 3.2/5. 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 Merrill Edge starts at 0 pips. Check the fees section above for a full breakdown.
Phillip Capital requires a minimum deposit of $0. Merrill Edge requires $0.
Phillip Capital is regulated by MAS, ASIC, while Merrill Edge holds licences from SEC.
Phillip Capital supports Proprietary Web, Proprietary Mobile. Merrill Edge 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.