Ligands play a crucial role in the synthesis of colloidal nanocrystals. Nevertheless, only a handful molecules are currently used, oleic acid being the most typical example. Here, we show that mono-alkyl phosphinic acids are another interesting ligand class, forming metal complexes with a reactivity that is intermediate between the traditional carboxylates and phosphonates.We first present the synthesis of n-hexyl, 2-ethylhexyl, n-tetradecyl, n-octadecyl, and oleyl phosphinic acid. These compounds are suitable ligands for high-temperature nanocrystal synthesis (240-300°C) since, in contrast to phosphonic acids, they do not form anhydride oligomers. Consequently, CdSe quantum dots synthesized with octadecylphosphinic acid are conveniently purified, and their UV-Vis spectrum is free from background scattering. The CdSe nanocrystals have a low polydispersity and a photoluminescence quantum yield up to 18%. Furthermore, we could synthesize CdSe and CdS nanorods using phosphinic acid ligands, with high shape purity. We conclude that the reactivity towards TOP-S and TOP-Se precursors decreases in the series: cadmium carboxylate > cadmium phosphinate > cadmium phosphonate.By introducing a third and intermediate class of surfactants, we enhance the versatility of surfactant-assisted syntheses.