Phillip Capital
Motilal Oswal
VS
Higher Rated
Phillip Capital
Capital at risk · T&Cs apply
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
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 belowOverall Rating
Phillip Capital
3.7 vs 3.3
Lowest Fees
Tied
0 vs 0 pips
Regulation
Phillip Capital
2 vs 1 licences
Min. Deposit
Tied
$0 vs $0
Phillip Capital
WinnerMotilal Oswal
Phillip Capital
Motilal Oswal
Lower feesPhillip Capital holds licences from MAS, ASIC. Motilal Oswal is regulated by SEBI.
Both brokers offer access to Stocks, Indices, Commodities markets. Phillip Capital additionally covers Forex, Cfd. Motilal Oswal adds Etf, Crypto.
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.
Phillip Capital requires no minimum deposit, while Motilal Oswal sets no minimum deposit. This makes Phillip Capital accessible to traders with any budget.
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.
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.
Phillip Capital offers spreads from 0 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
Phillip Capital requires a minimum deposit of $0. Motilal Oswal requires $0.
Phillip Capital is regulated by MAS, ASIC, while Motilal Oswal holds licences from SEBI.
Phillip Capital supports Proprietary Web, Proprietary Mobile. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
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.