Phillip Capital vs Monex 2026: Which Broker is Better?
Choosing between Phillip Capital and Monex depends on your trading style, preferred markets, and budget. Phillip Capital is headquartered in Singapore, while Monex operates from Tokyo, Japan. Phillip Capital has the longer track record, established in 1975, compared to Monex which was founded in 1999. 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
Monex
| Phillip Capital | Monex | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.5/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 ✓ | 1:3 |
| Regulation | MAS, ASIC | FSA, SEC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, TradeStation JP |
Phillip Capital is the better choice overall, scoring 3.7/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Capital vs Monex: Key Differences
Phillip Capital
WinnerMonex
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Fees Comparison
Phillip Capital
Lower feesMonex
Regulation & Trust
Phillip Capital holds licences from MAS, ASIC. Monex is regulated by SEC, FSA.
Markets & Assets
Both brokers offer access to Stocks, Forex markets. Phillip Capital additionally covers Cfd, Indices, Commodities. Monex adds Etf, Crypto.
Trading Platforms
Phillip Capital supports Proprietary Web, Proprietary Mobile. Monex offers Proprietary Web, Proprietary Mobile, TradeStation JP. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Capital requires no minimum deposit, while Monex 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 Monex at 3.42/5, 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)
- Higher leverage (up to 1:5)
- More market types (5)
- More established (est. 1975)
Monex
3.5/5
Choose Monex if you want…
- More platforms (3 supported)
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 & Monex are available in
Frequently Asked Questions
1Is Phillip Capital better than Monex?
Phillip Capital scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs Monex's 3.5/5. 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 Monex?
Phillip Capital offers spreads from 0 pips, while Monex starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs Monex?
Phillip Capital requires a minimum deposit of $0. Monex requires $0.
4Which broker is safer, Phillip Capital or Monex?
Phillip Capital is regulated by MAS, ASIC, while Monex holds licences from FSA, SEC.
5What trading platforms do Phillip Capital and Monex support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP.
6Can I use both Phillip Capital and Monex?
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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