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Phillip Capital Review

MAS

Overall rating

4.0/5

Minimum deposit

$200

EUR/USD spread

1 pips

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Use this review to validate safety, fees, platform fit, and where this broker falls short.

Edina Balazs

Written by

Edina Balazs
Marcus Thompson

Fact Checked by

Marcus Thompson

Updated

Apr 19, 2026
Broker review header
Last reviewed:
•
By:Edina Balazs
•
Fact-checked by:Marcus Thompson

Is Phillip Capital a good broker?

Phillip Capital is a MAS-regulated broker rated 4.0/5. Published EUR/USD pricing is listed at 1 pips with a minimum deposit of $200. Best suited for traders looking for a reliable trading experience.

Should you choose Phillip Capital?

Use this short answer before you dive into the full review.

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Best for

Traders prioritizing Phillip Capital's strongest core feature.

Not ideal for

Traders who need a materially different cost or platform profile.

Top alternatives to compare

ExnessFP Markets

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  • Regulated and trusted
  • High user satisfaction
  • Global Availability

Why choose Phillip Capital

Phillip Capital is a competitive option for traders looking for a reliable platform.

Pros

  • Regulated Broker

Cons

  • Check fees
Phillip Capital logo

Phillip Capital

Fast decision summary

Popular choice

Min Deposit:

$200

Regulated:

Yes

Inactivity Fee:

No inactivity fee is published in our current broker dataset.

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Phillip Capital has competitive fees.

Non-trading fees

Inactivity fee

No inactivity fee is published in our current broker dataset.

Fees may vary depending on account type and jurisdiction. We aim to keep this data updated regularly.

Phillip Capital is regulated.

Is regulated?

Yes, heavily regulated.

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Use the side-by-side comparison tool once you have checked fees and safety.

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Overview.

Base Currencies

USD, EUR, GBP

Excellent mobile trading experience.

App Features

    Multiple platforms available.

    Supported Platforms

      Got Questions?

      Engage with our growing community of traders and investors like you to find your answers.

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      Frequently Asked Questions

      Yes, Phillip Capital is a regulated broker. Always verify the license number on the regulator's website.
      The minimum deposit is 200.
      Yes, Phillip Capital offers a free demo account for practice.
      Withdrawals can be made via Bank Transfer, Credit Card, and other methods depending on your region.

      Review Team

      Compare Phillip Capital before you commit

      If this broker looks close but not perfect, compare it against the strongest alternatives first.

      Phillip Capital vs ExnessPhillip Capital vs FP Markets
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      Why this review is trustworthy

      • Freshness dates and fact-checking are shown on the page.
      • Broker scoring follows our public methodology and disclosure standards.
      • Country-specific differences still matter, so compare the exact entity before you deposit.
      Review Methodology

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      Risk Warning: Forex/CFD trading involves significant risk. 68-80% of retail accounts lose money.|Affiliate Disclosure: We may earn commissions from listed partners.|Not Advice: For educational purposes only.

      Broker terms can differ by region and entity, but this review shows the most recent figures captured in our research workflow.Methodology |Editorial Policy |Data Sources |Full Disclaimer