XM
Phillip Capital
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Choosing between XM and Phillip Capital depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while Phillip Capital operates from Singapore. Phillip Capital has the longer track record, established in 1975, compared to XM which was founded in 2009. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
XM
Phillip Capital
| XM | Phillip Capital | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.7/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:5 |
| Regulation | CySEC, ASIC, FCA ✓ | MAS, ASIC |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
XM is the better choice overall, scoring 3.9/5 vs 3.7/5 on BrokerRank's independent rating. On fees, Phillip Capital offers lower spreads (0 pips).
See full side-by-side comparison belowXM
WinnerPhillip Capital
XM
Phillip Capital
XM holds licences from ASIC, FCA, CySEC. Phillip Capital is regulated by MAS, ASIC.
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
On spreads, Phillip Capital is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. Phillip Capital offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
XM requires a minimum deposit of $5, while Phillip Capital sets no minimum deposit. This makes Phillip Capital accessible to traders with any budget.
BrokerRank scores XM at 3.92/5 and Phillip Capital at 3.74/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a clear advantage.
XM
3.9/5
Choose XM if you want…
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
XM scores higher overall on our independent rating system. XM 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.
XM offers spreads from 0.6 pips, while Phillip Capital starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. Phillip Capital requires $0.
XM is regulated by CySEC, ASIC, FCA, while Phillip Capital holds licences from MAS, ASIC.
XM supports MT4, MT5, Proprietary Mobile. Phillip Capital supports Proprietary Web, Proprietary Mobile.
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.