Side-by-Side Comparison Independent Updated Apr 19, 2026
Phillip Capital vs Motilal Oswal 2026: Which Broker is Better?
Choosing between Phillip Capital and Motilal Oswal depends on your trading style, preferred markets, and budget. Phillip Capital is headquartered in Singapore, while Motilal Oswal operates from Mumbai, India. Phillip Capital has the longer track record, established in 1975, compared to Motilal Oswal which was founded in 1987. 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
Motilal Oswal
VS
| Phillip Capital | Motilal Oswal | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.3/5 |
| 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, MO Investor |
Quick VerdictBrokerRank recommends
Best for Beginners
Phillip CapitalMotilal Oswal
Best for Low Fees
Phillip CapitalMotilal Oswal
Best for Regulation
Phillip CapitalMotilal Oswal
Best Overall
Phillip CapitalMotilal Oswal
Quick Answer
Phillip Capital is the better choice overall, scoring 3.7/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Capital vs Motilal Oswal: Key Differences
Feature
Phillip Capital
WinnerMotilal Oswal
Our Rating
3.7 / 5
3.3 / 5
Min. Deposit
$0
$0
Spread From
0 pips
0 pips
Commission
$0.08/lot
None
Platforms
Proprietary Web, Proprietary Mobile
Proprietary Web, Proprietary Mobile, MO Investor
Markets
Stocks, Forex, Cfd, Indices, Commodities
Stocks, Etf, Crypto, Commodities, Indices
Founded
1975
1987
Headquarters
Singapore
Mumbai, India
Score
2 / 3
1 / 3
Fees Comparison
Fee
Phillip Capital
Motilal Oswal
Lower feesSpread From
0 pips
0 pips
Commission
$0.08/lot
None
Deposit Fee
None
None
Withdrawal Fee
None
None
Regulation & Trust
Phillip Capital holds licences from MAS, ASIC. Motilal Oswal is regulated by SEBI.
Markets & Assets
Both brokers offer access to Stocks, Indices, Commodities markets. Phillip Capital additionally covers Forex, Cfd. Motilal Oswal adds Etf, Crypto.
Trading Platforms
Phillip Capital supports Proprietary Web, Proprietary Mobile. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Capital requires no minimum deposit, while Motilal Oswal 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 Motilal Oswal at 3.26/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Phillip Capital leads overall with a clear advantage.
BrokerRank Verdict
Phillip Capital is our recommended pick in this comparison, scoring 3.74/5 versus Motilal Oswal's 3.26/5. Phillip Capital holds more tier-1 licences (MAS, ASIC), offering stronger regulatory protection. Motilal Oswal is still a solid option for traders who prefer Motilal Oswal's specific platform or market selection, but Phillip Capital offers a stronger overall package for the majority of traders.
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 established (est. 1975)
Motilal Oswal
3.3/5
Choose Motilal Oswal if you want…
- No per-trade commission
- 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 & Motilal Oswal are available in
Frequently Asked Questions
1Is Phillip Capital better than Motilal Oswal?
Phillip Capital scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs Motilal Oswal's 3.3/5. 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 Motilal Oswal?
Phillip Capital offers spreads from 0 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs Motilal Oswal?
Phillip Capital requires a minimum deposit of $0. Motilal Oswal requires $0.
4Which broker is safer, Phillip Capital or Motilal Oswal?
Phillip Capital is regulated by MAS, ASIC, while Motilal Oswal holds licences from SEBI.
5What trading platforms do Phillip Capital and Motilal Oswal support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
6Can I use both Phillip Capital and Motilal Oswal?
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.
Higher Rated
Phillip Capital
Capital at risk · T&Cs apply