Phillip Capital vs Rakuten Securities 2026: Which Broker is Better?
In the broker comparison of Phillip Capital and Rakuten Securities, we see a significant regional focus and market approach. Phillip Capital, with its roots dating back to 1975, is ideal for traders seeking extensive access to Asia-Pacific markets, especially those interested in leveraging its MAS and ASIC regulation for trading stocks, forex, and commodities. Conversely, Rakuten Securities, established in 1999, appeals to traders who prioritise zero commission stock and ETF trading, and who are comfortable operating within a Japan-centric ecosystem. Each broker caters to distinct trader preferences, with Phillip Capital attracting those looking for an established presence in the Asia-Pacific region, while Rakuten Securities appeals to those favouring cost-effective trading within Japan.
Phillip Capital
Rakuten Securities
| Phillip Capital | Rakuten Securities | |
|---|---|---|
| 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 |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MarketSpeed II |
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 Rakuten Securities: Key Differences
Phillip Capital
WinnerRakuten Securities
Still deciding between Phillip Capital and Rakuten Securities?
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Fees Comparison
Phillip Capital
Rakuten Securities
Lower feesBrokerRank 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 regulatory licences (2)
- More established (est. 1975)
Rakuten Securities
3.5/5
Choose Rakuten Securities 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 & Rakuten Securities are available in
Frequently Asked Questions
1Is Phillip Capital better than Rakuten Securities?
Phillip Capital scores higher overall on our independent rating system. Phillip Capital holds a 3.7/5 rating vs Rakuten Securities'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 Rakuten Securities?
Phillip Capital offers spreads from 0 pips, while Rakuten Securities starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Capital vs Rakuten Securities?
Phillip Capital requires a minimum deposit of $0. Rakuten Securities requires $0.
4Which broker is safer, Phillip Capital or Rakuten Securities?
Phillip Capital is regulated by MAS, ASIC, while Rakuten Securities holds licences from FSA.
5What trading platforms do Phillip Capital and Rakuten Securities support?
Phillip Capital supports Proprietary Web, Proprietary Mobile. Rakuten Securities supports Proprietary Web, Proprietary Mobile, MarketSpeed II.
6Can I use both Phillip Capital and Rakuten Securities?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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