Phillip Capital vs OANDA 2026: Which Broker is Better?
Compare Phillip Capital and OANDA side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phillip Capital
OANDA
| Phillip Capital | OANDA | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 4.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:5 | 1:50 ✓ |
| Regulation | MAS, ASIC | CFTC, FCA, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.3/5 vs 3.7/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Capital vs OANDA: Key Differences
Phillip Capital
OANDA
WinnerStill deciding between Phillip Capital and OANDA?
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Fees Comparison
Phillip Capital
OANDA
BrokerRank Verdict
Phillip Capital scores 3.74/5 while OANDA scores 4.34/5 in our independent rating.
OANDA edges ahead overall, but Phillip Capital may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
- Tighter spreads (from 0 pips)
- More market types (5)
- More established (est. 1975)
OANDA
4.3/5
Choose OANDA if you want…
- Higher overall rating (4.3/5)
- No per-trade commission
- Higher leverage (up to 1:50)
- More regulatory licences (7)
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 & OANDA are available in
Frequently Asked Questions
1Is Phillip Capital better than OANDA?
OANDA scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs OANDA's 4.3/5. 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 OANDA?
Phillip Capital offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs OANDA?
Phillip Capital requires a minimum deposit of $0. OANDA requires $0.
4Which broker is safer, Phillip Capital or OANDA?
Phillip Capital is regulated by MAS, ASIC, while OANDA holds licences from CFTC, FCA, ASIC, MAS, CIRO, BVI FSC, KNF.
5What trading platforms do Phillip Capital and OANDA support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Capital and OANDA?
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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