X
XTB
3.8 / 5Score: 2 / 4
A commission-free, multi-platform powerhouse offering six markets and leverage up to 1:500.
- Min deposit
- $0
- Max leverage
- 1:500
- Spread from
- 0.1 pips
- Regulators
- FCA, CySEC
Reviewed by Experts Updated 8/19/2026
XTB vs Phillip Capital: Which Broker Wins in 2026?
XTB and Phillip Capital both appeal to different types of traders, but only one comes out on top in our proprietary rating system. XTB edges ahead with a 3.8/5 score versus Phillip Capital's 3.7/5, thanks to stronger regulation and a broader platform suite. Read on to see exactly where each broker excels.
PC
Phillip Capital
3.7 / 5Score: 2 / 4
A veteran Asia-Pacific broker delivering razor-tight spreads from 0 pips with nearly 50 years of institutional heritage.
- Min deposit
- $0
- Max leverage
- 1:5
- Spread from
- 0 pips
- Regulators
- MAS, ASIC
Overall Winner
XTB
Best for Beginners
XTB
Lowest Fees
Phillip Capital
Top Regulation
XTB
Side-by-side comparison
Core features compared head-to-head.
| Feature | X XTB | PC Phillip Capital |
|---|---|---|
| Overview | ||
| Rating | 3.8 / 5 | 3.7 / 5 |
| Founded | 2002 | 1975 |
| Headquarters | Warsaw, Poland | Singapore |
| Regulation | FCA, CySEC | MAS, ASIC |
| Fees & Limits | ||
| Min Deposit | $0 | $0 |
| Spreads From | 0.1 pips | 0 pips |
| Commission | None | $0.08/lot |
| Max Leverage | 1:500 | 1:5 |
| Platforms & Markets | ||
| Trading Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile |
| Markets Offered | Forex, Cfd, Stocks, Indices, Commodities, Crypto | Stocks, Forex, Cfd, Indices, Commodities |
Trading & non-trading fees
Min Deposit
XTB
$0
Phillip Capital
$0
Spreads From
XTB
0.1 pips
Phillip Capital
0 pips
Commission
XTB
None
Phillip Capital
$0.08/lot
Deposit Fees
XTB
None
Phillip Capital
None
Withdrawal Fees
XTB
None
Phillip Capital
None
Pros & cons
X
XTB
Pros
- Higher overall rating of 3.8/5 on our independent scale
- Zero per-trade commission on standard trading
- Access to significantly higher leverage up to 1:500
- Broader market selection spanning six asset classes
- Three platform choices including industry-standard MT4
- Strong dual regulation from FCA and CySEC
- No deposit or withdrawal fees on transactions
Cons
- Headline spreads from 0.1 pips are slightly wider than Phillip Capital's 0 pips
- Younger company history compared to Phillip Capital's decades-long track record
- High leverage of 1:500 can increase risk exposure for inexperienced traders
- No dedicated Asia-Pacific regulatory licence like MAS or ASIC
PC
Phillip Capital
Pros
- Tighter headline spreads starting from 0 pips
- Highly established brand with roots dating back to 1975
- Strong regulatory coverage via MAS and ASIC
- No deposit or withdrawal fees on transactions
- $0 minimum deposit makes the account accessible
- Reputable Asia-Pacific institutional presence
Cons
- Lower overall rating of 3.7/5 compared to XTB
- Charges a per-lot commission of $0.08 on top of spreads
- Maximum leverage capped at just 1:5
- No MT4 platform support, limiting automated trading options
- No dedicated crypto market access
Our expert verdict
Editor's verdict
Overall winner XTB
Lowest fees Phillip Capital
Best regulation XTB
Better for beginners XTB
XTB is the stronger all-round broker for 2026, earning a 3.8/5 rating against Phillip Capital's 3.7/5 on our independent scale. XTB's edge comes from its broader regulatory footprint (FCA, CySEC), commission-free trading, higher leverage ceiling of 1:500, and wider market access across six asset classes. Phillip Capital, however, fights back with genuinely tighter headline spreads from 0 pips and over five decades of institutional heritage since 1975. Traders prioritizing low-cost scalping and Asia-Pacific regulatory oversight (MAS, ASIC) may still prefer Phillip Capital, but for most retail traders seeking an all-round package, XTB is the smarter pick.
Regulation & Safety
XTB operates under the oversight of the FCA in the UK and CySEC in Cyprus, two of the most respected regulatory bodies in the retail trading industry known for strict capital adequacy and client fund segregation rules.
Phillip Capital is licensed by MAS in Singapore and ASIC in Australia, both of which are highly regarded regulators in the Asia-Pacific region with rigorous compliance standards.
Both brokers carry credible, multi-jurisdictional regulation, so neither can be considered a safety risk. However, XTB's European regulatory combination gives it a slight edge for traders who prioritize EU/UK-style investor protection schemes.
Our rating system awards XTB the 'Best for Regulation' distinction, though Phillip Capital remains a trustworthy, well-supervised alternative for traders based in Asia-Pacific markets.
Fees, Spreads & Commissions
Fee structure is where Phillip Capital fights back hardest. Its spreads start from 0 pips, technically undercutting XTB's headline spread of 0.1 pips on comparable instruments.
However, Phillip Capital layers a commission of $0.08 per lot on top of those tight spreads, whereas XTB charges no per-trade commission at all. This means the real, all-in cost of trading can end up comparable depending on volume and instrument.
Neither broker charges deposit or withdrawal fees, which is a welcome relief for cost-conscious traders moving funds in and out of their accounts regularly.
For high-frequency scalpers focused purely on raw spread numbers, Phillip Capital's pricing model may appeal. For traders who prefer simple, commission-free pricing, XTB remains the more predictable option.
Trading Platforms & Tools
XTB provides a three-way platform lineup: its own Proprietary Web terminal, a Proprietary Mobile app, and the globally popular MetaTrader 4 (MT4). This gives traders flexibility to choose between XTB's in-house tools or the familiar MT4 ecosystem with its vast library of expert advisors and custom indicators.
Phillip Capital, by contrast, offers only its Proprietary Web and Proprietary Mobile platforms, without third-party MT4 support.
For traders who rely on automated strategies, custom scripting, or simply prefer the industry-standard MT4 interface, XTB is the clear winner on platform versatility.
Phillip Capital's proprietary-only approach can still suit traders who want a streamlined, all-in-one experience without needing external platform integrations.
Markets, Leverage & Account Access
XTB grants access to six distinct market categories: Forex, CFDs, Stocks, Indices, Commodities, and Crypto — giving traders a genuinely diversified single-account experience.
Phillip Capital covers five markets — Stocks, Forex, CFDs, Indices, and Commodities — leaving out dedicated crypto trading access.
Leverage is another major differentiator. XTB offers leverage up to 1:500, dramatically higher than Phillip Capital's more conservative 1:5 cap, which reflects Phillip Capital's stricter Asia-Pacific regulatory environment.
Both brokers require a $0 minimum deposit, making either broker equally accessible to traders starting with limited capital.
Company Background & Reputation
XTB was founded in 2002 and is headquartered in Warsaw, Poland, and has grown into one of Europe's most recognized publicly listed retail trading brands.
Phillip Capital brings substantially more institutional history to the table, having been founded in 1975 and headquartered in Singapore, giving it nearly five decades of financial services heritage.
While Phillip Capital's longevity signals deep institutional stability, XTB's more modern infrastructure and broader retail-trader feature set have allowed it to edge ahead in our overall scoring.
Ultimately, both firms bring legitimate, long-standing reputations, but XTB's product breadth translates into a higher overall rating for most retail use cases.
Our Verdict
When weighing regulation, platform choice, leverage, and market breadth together, XTB comes out on top with a 3.8/5 rating versus Phillip Capital's 3.7/5.
Phillip Capital still wins on pure headline spread pricing and boasts an impressive institutional pedigree dating back to 1975, making it a solid choice for cost-focused traders in MAS/ASIC-regulated regions.
For most all-round retail traders — especially beginners and those wanting MT4 access, crypto exposure, or higher leverage — XTB is the recommended pick.
Verdict summary
The bottom line — category winners and our final pick based on ratings.
Editor's verdict
XTB wins overall
XTB edges out Phillip Capital overall based on our expert rating score.
X
Highest Rated
XTB
3.8 / 5 / 5
Category winners
Overall winner
Based on overall expert rating (3.8/5).
XTBBetter for beginners
Stronger onboarding and educational resources.
XTBLower trading costs
More competitive spreads and baseline commissions.
Phillip CapitalStronger regulation
Higher trust based on tier-1 regulatory oversight.
XTB
Frequently asked questions
According to our independent rating system, XTB edges out Phillip Capital with a 3.8/5 score compared to 3.7/5. XTB's advantage comes largely from its broader platform support, higher leverage, and commission-free pricing model, though Phillip Capital remains a strong contender on raw spread cost.
Phillip Capital advertises tighter headline spreads starting from 0 pips versus XTB's 0.1 pips, but it also charges a commission of $0.08 per lot. XTB charges no commission at all, so the true cost comparison depends heavily on your trading volume and instrument choice.
Both brokers set their minimum deposit requirement at $0, meaning you can open an account and begin funding it with virtually any amount you're comfortable starting with.
XTB is regulated by the FCA and CySEC, both respected European regulators, while Phillip Capital holds licences from MAS and ASIC in the Asia-Pacific region. Both are credible regulatory frameworks, though our system awards XTB the edge for regulation overall.
XTB supports its own Proprietary Web and Mobile platforms plus MetaTrader 4, giving traders access to expert advisors and custom scripts. Phillip Capital offers only its Proprietary Web and Mobile platforms without MT4 support.
XTB offers substantially higher leverage of up to 1:500, while Phillip Capital caps leverage at 1:5 due to its regulatory environment. Traders seeking more aggressive leverage will find XTB's offering far more flexible.
Yes, both brokers offer $0 minimum deposits and no deposit or withdrawal fees, making them accessible for beginners. However, XTB is our recommended pick for beginners due to its simpler commission-free structure and additional educational-friendly proprietary platform.
XTB includes crypto as one of its six supported market categories, while Phillip Capital's offering covers five markets and does not include dedicated crypto trading access.
Yes, there is nothing preventing you from holding accounts at both brokers simultaneously. Many traders diversify across multiple platforms to take advantage of different regulatory protections, market access, and fee structures.
Phillip Capital has significantly more history, having been founded in 1975 in Singapore, compared to XTB's founding in 2002 in Warsaw, Poland. Despite this, XTB still achieves the higher overall rating in our 2026 evaluation.
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.