Side-by-Side Comparison Independent Updated Jun 5, 2026
Phillip Capital vs Pepperstone 2026: Which Broker is Better?
Compare Phillip Capital and Pepperstone side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phillip Capital
Pepperstone
VS
| Phillip Capital | Pepperstone | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 4.1/5 ✓ |
| Min. Deposit | $0 ✓ | $200 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 | 1:500 ✓ |
| Regulation | MAS, ASIC | ASIC, FCA, CySEC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, TradingView |
Quick VerdictBrokerRank recommends
Best for Beginners
Phillip CapitalPepperstone
Best for Low Fees
Phillip CapitalPepperstone
Best for Regulation
PepperstonePhillip Capital
Best Overall
PepperstonePhillip Capital
Quick Answer
Pepperstone is the better choice overall, scoring 4.1/5 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 Pepperstone: Key Differences
Feature
Phillip Capital
Pepperstone
Our Rating
3.7 / 5
4.1 / 5
Min. Deposit
$0
$200
Spread From
0 pips
0 pips
Commission
$0.08/lot
$3.5/lot
Platforms
Proprietary Web, Proprietary Mobile
MT4, MT5, TradingView, Proprietary Mobile
Markets
Stocks, Forex, Cfd, Indices, Commodities
Forex, Cfd, Crypto, Stocks, Indices, Commodities
Founded
1975
2010
Headquarters
Singapore
Melbourne, Australia
Score
2 / 4
2 / 4
Fees Comparison
Fee
Phillip Capital
Lower feesPepperstone
Spread From
0 pips
0 pips
Commission
$0.08/lot
$3.5/lot
Deposit Fee
None
None
Withdrawal Fee
None
None
BrokerRank Verdict
Phillip Capital scores 3.74/5 while Pepperstone scores 4.12/5 in our independent rating.
Pepperstone 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…
- No minimum deposit
- More established (est. 1975)
Pepperstone
4.1/5
Choose Pepperstone if you want…
- Higher overall rating (4.1/5)
- Higher leverage (up to 1:500)
- More regulatory licences (3)
- More market types (6)
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 & Pepperstone are available in
Frequently Asked Questions
1Is Phillip Capital better than Pepperstone?
Pepperstone scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs Pepperstone's 4.1/5. 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 Pepperstone?
Phillip Capital offers spreads from 0 pips, while Pepperstone starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs Pepperstone?
Phillip Capital requires a minimum deposit of $0. Pepperstone requires $200.
4Which broker is safer, Phillip Capital or Pepperstone?
Phillip Capital is regulated by MAS, ASIC, while Pepperstone holds licences from ASIC, FCA, CySEC.
5What trading platforms do Phillip Capital and Pepperstone support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both Phillip Capital and Pepperstone?
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
Pepperstone
Capital at risk · T&Cs apply