We hypothesized that tropical plant species with different mycorrhizal associations reduce competition for soil phosphorus (P) by specializing to exploit different soil organic P compounds. We assayed the activity of root/mycorrhizal phosphatase enzymes of four tree species with contrasting root symbiotic relationships–arbuscular mycorrhizal (angiosperm and conifer), ectomycorrhizal and non-mycorrhizal–collected from one of three soil sites within a montane tropical forest. We also measured growth and foliar P of these seedlings in an experiment with P provided exclusively as inorganic orthophosphate, a simple phosphomonoester (glucose phosphate), a phosphodiester (RNA), phytate (the sodium salt of myo-inositol hexakisphosphate), or a no-P control. The ectomycorrhizal tree species expressed twice the phosphomonoesterase activity as the arbuscular mycorrhizal tree species, but had similar phosphodiesterase activity. The non-mycorrhizal Proteaceae tree had markedly greater activity of both enzymes than the mycorrhizal tree species, with root clusters expressing greater phosphomonoesterase activity than fine roots. Both the mycorrhizal and non-mycorrhizal tree species contained significantly greater foliar P than in no-P controls when limited to inorganic phosphate, glucose phosphate, and RNA. The ectomycorrhizal species did not perform better than the arbuscular mycorrhizal tree species when limited to organic P in any form. In contrast, the non-mycorrhizal Proteaceae tree was the only species capable of exploiting phytate, with nearly three times the leaf area and more than twice the foliar P of the no-P control. Our results suggest that arbuscular and ectomycorrhizal tree species exploit similar forms of P, despite differences in phosphomonoesterase activity. In contrast, the mycorrhizal tree species and non-mycorrhizal Proteaceae appear to differ in their ability to exploit phytate. We conclude that resource partitioning of soil P plays a coarse but potentially ecologically important role in fostering the coexistence of tree species in tropical montane forests.