Ni2P/SiO2, MoP/SiO2, and NiMoP/SiO2 with different Ni/Mo molar ratios were prepared by temperature-programmed reduction (TPR). Their structural properties were characterized by N-2, sorption, X-ray diffraction (XRD), CO chemisorption, X-ray photoelectron spectroscopy (XPS), H-2 temperature-programmed desorption (H-2-TPD), and NH3 temperature-programmed desorption (NH3-TPD). Their performances for the hydrodeoxygenation (HDO) of anisole were tested in a fixed-bed reactor. It was found that there were mainly three reactions that occurred during the HDO, i.e., the demethylation of anisole, the hydrogenolysis of phenol, and the hydrogenation of benzene. The HDO activities decreased in the sequence of Ni2P/SiO2 > NiMoP/SiO2 > MoP/SiO2. The NiMoP/SiO2 catalysts with larger Ni/Mo ratios had higher activities. In the phosphides, the Ni delta+ and Mo delta+ sites bearing small positive charges acted not only as Lewis acid sites for the demethylation but also as metal sites for the hydrogenolysis and hydrogenation. The Ni delta+ site was more active than the Mo delta+ site, and there was no synergy between the Ni delta+ and Mo delta+ sites. The superior activity of Ni2P to that of MoP is attributed to the higher d electron density in Ni2P. PO H groups, which acted as Bronsted sites and provided active hydrogen species, had less activity for the three reactions compared to the metal sites. In comparison to a conventional NiMo/gamma-Al2O3 catalyst, the Ni phosphide-containing catalysts had much higher activities. The catalyst deactivation due to water was preliminarily discussed. The oxidation of phosphide by water might lead to the formation of metal oxide and/or phosphate, leading to the catalyst deactivation. The high stability of Ni2P/SiO2 may be related to the ligand effect of P that lowers the electron density of Ni and inhibits the Ni-O combination.