ThinkMarkets vs Phillip Capital 2026: Which Broker is Better?
Choosing between ThinkMarkets and Phillip Capital depends on your trading style, preferred markets, and budget. ThinkMarkets is headquartered in London, UK, while Phillip Capital operates from Singapore. Phillip Capital has the longer track record, established in 1975, compared to ThinkMarkets which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
ThinkMarkets
Phillip Capital
| ThinkMarkets | Phillip Capital | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.7/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | FCA, ASIC | MAS, ASIC |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile |
ThinkMarkets is the better choice overall, scoring 3.9/5 vs 3.7/5 on BrokerRank's independent rating. On fees, ThinkMarkets offers lower spreads (0 pips).
See full side-by-side comparison belowThinkMarkets vs Phillip Capital: Key Differences
ThinkMarkets
Phillip Capital
Still deciding between ThinkMarkets and Phillip Capital?
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Fees Comparison
ThinkMarkets
Phillip Capital
Lower feesRegulation & Trust
ThinkMarkets holds licences from FCA, ASIC. Phillip Capital is regulated by MAS, ASIC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
Trading Platforms
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Phillip Capital offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
ThinkMarkets requires no minimum deposit, while Phillip Capital sets no minimum deposit. This makes ThinkMarkets accessible to traders with any budget.
Overall Ratings
BrokerRank scores ThinkMarkets at 3.92/5 and Phillip Capital at 3.74/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. ThinkMarkets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
ThinkMarkets
3.9/5
Choose ThinkMarkets if you want…
- Higher overall rating (3.9/5)
- Higher leverage (up to 1:500)
- More market types (6)
- More platforms (4 supported)
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
- More established (est. 1975)
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 ThinkMarkets & Phillip Capital are available in
Frequently Asked Questions
1Is ThinkMarkets better than Phillip Capital?
ThinkMarkets scores higher overall on our independent rating system. ThinkMarkets holds a 3.9/5 rating vs Phillip Capital's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, ThinkMarkets or Phillip Capital?
ThinkMarkets offers spreads from 0 pips, while Phillip Capital starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for ThinkMarkets vs Phillip Capital?
ThinkMarkets requires a minimum deposit of $0. Phillip Capital requires $0.
4Which broker is safer, ThinkMarkets or Phillip Capital?
ThinkMarkets is regulated by FCA, ASIC, while Phillip Capital holds licences from MAS, ASIC.
5What trading platforms do ThinkMarkets and Phillip Capital support?
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Phillip Capital supports Proprietary Web, Proprietary Mobile.
6Can I use both ThinkMarkets and Phillip Capital?
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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