XM vs Phillip Capital 2026: Which Broker is Better?
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, DFSA, FSC ✓ | 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 vs Phillip Capital: Key Differences
XM
Phillip Capital
Fees Comparison
XM
Phillip Capital
Regulation & Trust
XM holds licences from ASIC, FCA, CySEC. Phillip Capital is regulated by MAS, ASIC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
Fees & Spreads
On spreads, Phillip Capital is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
Trading Platforms
XM supports MT4, MT5, Proprietary Mobile. Phillip Capital offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
Minimum Deposit
XM requires a minimum deposit of $5, while Phillip Capital sets no minimum deposit. This makes Phillip Capital accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
XM
3.9/5
Choose XM if you want…
- Higher overall rating (3.9/5)
- No per-trade commission
- Higher leverage (up to 1:1000)
- More regulatory licences (5)
Phillip Capital
3.7/5
Choose Phillip Capital if you want…
- Tighter spreads (from 0 pips)
- No minimum deposit
- 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 XM & Phillip Capital are available in
Frequently Asked Questions
1Is XM better than Phillip Capital?
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.
2Which has lower fees, XM or Phillip Capital?
XM offers spreads from 0.6 pips, while Phillip Capital starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for XM vs Phillip Capital?
XM requires a minimum deposit of $5. Phillip Capital requires $0.
4Which broker is safer, XM or Phillip Capital?
XM is regulated by CySEC, DFSA, FSC, FSCA, FSA, while Phillip Capital holds licences from MAS, ASIC.
5What trading platforms do XM and Phillip Capital support?
XM supports MT4, MT5, Proprietary Mobile. Phillip Capital supports Proprietary Web, Proprietary Mobile.
6Can I use both XM and Phillip Capital?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
XM
Capital at risk · T&Cs apply