PC
Phillip Capital
3.7 / 5Score: 4 / 4
Nearly 50 years of regulated stability with zero minimum deposit to get started.
- Min deposit
- $0
- Max leverage
- 1:5
- Spread from
- 0 pips
- Regulators
- MAS, ASIC
Reviewed by Experts Updated 10/9/2026
Phillip Capital vs ACY Securities: Which Broker Wins in 2026?
Phillip Capital and ACY Securities both serve active traders, but they differ sharply on regulation, cost structure, and platform choice. Our independent research puts Phillip Capital ahead overall, though ACY Securities still holds appeal for leverage-hungry MT4/MT5 traders.
AS
ACY Securities
3.2 / 5Score: 0 / 4
High-leverage MetaTrader trading built for traders who want familiar tools and bigger exposure.
- Min deposit
- $50
- Max leverage
- 1:500
- Spread from
- 0 pips
- Regulators
- ASIC
Overall Winner
Phillip Capital
Best for Beginners
Phillip Capital
Lowest Fees
Phillip Capital
Top Regulation
Phillip Capital
Side-by-side comparison
Core features compared head-to-head.
| Feature | PC Phillip Capital | AS ACY Securities |
|---|---|---|
| Overview | ||
| Rating | 3.7 / 5 | 3.2 / 5 |
| Founded | 1975 | 2011 |
| Headquarters | Singapore | Sydney, Australia |
| Regulation | MAS, ASIC | ASIC |
| Fees & Limits | ||
| Min Deposit | $0 | $50 |
| Spreads From | 0 pips | 0 pips |
| Commission | $0.08/lot | $3/lot |
| Max Leverage | 1:5 | 1:500 |
| Platforms & Markets | ||
| Trading Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5 |
| Markets Offered | Stocks, Forex, Cfd, Indices, Commodities | Forex, Cfd, Indices, Commodities, Crypto |
Trading & non-trading fees
Min Deposit
Phillip Capital
$0
ACY Securities
$50
Spreads From
Phillip Capital
0 pips
ACY Securities
0 pips
Commission
Phillip Capital
$0.08/lot
ACY Securities
$3/lot
Deposit Fees
Phillip Capital
None
ACY Securities
None
Withdrawal Fees
Phillip Capital
None
ACY Securities
None
Pros & cons
PC
Phillip Capital
Pros
- Backed by two tier-1 regulators for stronger fund safety
- No minimum deposit makes it highly accessible to new traders
- Very low per-lot commission reduces overall trading costs
- Nearly five decades of established industry experience
- Wide market access including direct stock trading
- No deposit or withdrawal fees
Cons
- Maximum leverage capped at just 1:5, limiting position sizing flexibility
- Proprietary platforms lack MT4/MT5 compatibility for EA users
- No cryptocurrency CFD offerings
- Platform ecosystem less familiar to traders coming from MetaTrader
AS
ACY Securities
Pros
- Industry-standard MT4/MT5 platforms support EAs and custom scripts
- Significantly higher leverage ceiling than many competitors
- Includes cryptocurrency CFDs in its market lineup
- Regulated by a reputable tier-1 authority (ASIC)
- No deposit or withdrawal fees
Cons
- Only one regulatory licence compared to competitors with multiple
- Higher $3 per lot commission increases trading costs
- Higher $50 minimum deposit versus zero-deposit alternatives
- Shorter operating history since founding in 2011
- No direct stock trading market access
Our expert verdict
Editor's verdict
Overall winner Phillip Capital
Lowest fees Phillip Capital
Best regulation Phillip Capital
Better for beginners Phillip Capital
Phillip Capital is our top pick in this matchup, earning an overall rating of 3.7/5 compared to ACY Securities's 3.2/5. The deciding factors are Phillip Capital's dual tier-1 regulatory licences (MAS and ASIC), its $0 minimum deposit, and nearly five decades of market presence since 1975. ACY Securities remains competitive for traders who specifically want MT4/MT5 access or higher leverage up to 1:500, but for most traders — especially beginners prioritizing safety and low entry barriers — Phillip Capital offers the stronger all-round package.
Regulation & Safety
Regulatory strength is one of the clearest differentiators in this comparison. Phillip Capital is licensed by two respected tier-1 regulators — the Monetary Authority of Singapore (MAS) and Australia's ASIC — giving traders dual-jurisdiction oversight and added confidence in fund segregation practices.
ACY Securities, by contrast, holds only a single ASIC licence. While ASIC is a credible and well-regarded regulator in its own right, having just one licence compared to Phillip Capital's two means less layered protection for client capital.
For traders who prioritize regulatory depth above all else, Phillip Capital's multi-jurisdictional coverage gives it a clear structural advantage in this category.
Fees, Spreads & Commissions
Both brokers advertise spreads starting from 0 pips, making the headline spread comparison a wash on paper. However, the real cost story emerges in the commission structure.
Phillip Capital charges a notably lean $0.08 per lot in commission, while ACY Securities charges $3 per lot. For high-frequency or volume-based traders, that difference compounds significantly over time and materially affects net trading costs.
Neither broker charges deposit or withdrawal fees, which is a welcome similarity. But when you combine spread parity with Phillip Capital's far lower commission rate, Phillip Capital comes out ahead on total cost of trading.
Minimum Deposit & Accessibility
Phillip Capital requires no minimum deposit at all, making it exceptionally accessible to beginners, students, or anyone wanting to test the platform without committing capital upfront.
ACY Securities requires a $50 minimum deposit. While this is still a relatively low barrier by industry standards, it's a meaningful gap when stacked against Phillip Capital's $0 requirement.
This accessibility difference is one of the key reasons Phillip Capital earns our 'Best for Beginners' distinction in this matchup.
Trading Platforms & Markets
Platform choice may be the single biggest reason a trader picks one of these brokers over the other. Phillip Capital relies on its own proprietary web and mobile platforms, while ACY Securities supports the industry-standard MetaTrader 4 and MetaTrader 5 suite.
Traders who already have MT4/MT5 expertise, custom indicators, or automated expert advisors will likely gravitate toward ACY Securities, since proprietary platforms generally don't support third-party EAs or MQL scripting.
On market range, Phillip Capital covers stocks, forex, CFDs, indices, and commodities, while ACY Securities swaps out direct stock access for cryptocurrency CFDs. Traders wanting equities exposure lean toward Phillip Capital; crypto-curious traders may prefer ACY Securities.
Leverage & Risk Profile
ACY Securities offers substantially higher maximum leverage at 1:500, compared to Phillip Capital's far more conservative 1:5 cap. This makes ACY Securities the clear choice for experienced traders seeking to amplify position sizes with smaller capital outlays.
However, higher leverage also means higher risk of amplified losses, and Phillip Capital's lower leverage ceiling reflects its more conservative, regulation-first approach, especially under MAS oversight.
Risk-tolerant traders comfortable managing leveraged exposure may see ACY Securities's flexibility as a genuine pro, while risk-averse or newer traders may appreciate Phillip Capital's built-in guardrails.
Company Heritage & Track Record
Phillip Capital has been operating since 1975, giving it over 50 years of market history and institutional credibility headquartered in Singapore.
ACY Securities is a comparatively newer entrant, founded in 2011 and based in Sydney, Australia. While 15 years is still a respectable operating history, it doesn't match Phillip Capital's long-standing legacy.
Longevity isn't everything, but in financial services it often correlates with operational resilience and crisis-tested stability, another point in Phillip Capital's favor.
Verdict summary
The bottom line — category winners and our final pick based on ratings.
Editor's verdict
Phillip Capital wins overall
Phillip Capital edges out ACY Securities overall based on our expert rating score.
PC
Highest Rated
Phillip Capital
3.7 / 5 / 5
Category winners
Overall winner
Based on overall expert rating (3.7/5).
Phillip CapitalBetter for beginners
Stronger onboarding and educational resources.
Phillip CapitalLower trading costs
More competitive spreads and baseline commissions.
Phillip CapitalStronger regulation
Higher trust based on tier-1 regulatory oversight.
Phillip Capital
Frequently asked questions
Based on our independent rating methodology, Phillip Capital scores higher overall at 3.7/5 compared to ACY Securities's 3.2/5. Phillip Capital's edge comes from stronger dual regulation, a zero minimum deposit, and decades of operating history, though your ideal choice still depends on whether you prioritize MetaTrader access or higher leverage, which favor ACY Securities.
Both brokers advertise spreads starting from 0 pips, so spread pricing is essentially tied. The real difference lies in commissions: Phillip Capital charges just $0.08 per lot, while ACY Securities charges $3 per lot, making Phillip Capital notably cheaper for frequent or high-volume traders.
Phillip Capital has no minimum deposit requirement, meaning you can open an account with $0 and fund it at your own pace. ACY Securities requires a $50 minimum deposit, which is still low by industry standards but notably higher than Phillip Capital's zero-dollar threshold.
Phillip Capital is regulated by both the Monetary Authority of Singapore (MAS) and Australia's ASIC, giving it two tier-1 regulatory licences. ACY Securities is regulated solely by ASIC. While both regulators are respected, Phillip Capital's dual-jurisdiction coverage provides an additional layer of oversight and client fund protection.
Phillip Capital offers proprietary web and mobile trading platforms built in-house, while ACY Securities supports the industry-standard MetaTrader 4 and MetaTrader 5 platforms. Traders who rely on expert advisors, custom indicators, or algorithmic strategies will typically prefer ACY Securities's MT4/MT5 environment.
ACY Securities offers significantly higher maximum leverage at up to 1:500, compared to Phillip Capital's more conservative 1:5 cap. Traders seeking aggressive position sizing with smaller capital may prefer ACY Securities, though higher leverage also carries increased risk exposure.
Phillip Capital offers direct access to stocks alongside forex, CFDs, indices, and commodities. ACY Securities does not list direct stock trading among its markets, focusing instead on forex, CFDs, indices, commodities, and cryptocurrency CFDs, making Phillip Capital the better choice for equities-focused investors.
Yes, there is nothing preventing you from maintaining accounts at both brokers simultaneously. Many traders choose to diversify across multiple platforms to take advantage of different market access, platform tools, leverage limits, or regulatory jurisdictions depending on their trading goals.
Phillip Capital was founded in 1975, giving it over five decades of operating history headquartered in Singapore. ACY Securities was founded more recently in 2011 and is based in Sydney, Australia. Phillip Capital's longer heritage may appeal to traders who value established institutional experience.
Neither Phillip Capital nor ACY Securities charges fees for deposits or withdrawals, making both brokers equally convenient when it comes to moving funds in and out of your trading account without extra cost penalties.
Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.