Admiral Markets vs Phillip Nova 2026: Which Broker is Better?
Choosing between Admiral Markets and Phillip Nova depends on your trading style, preferred markets, and budget. Admiral Markets is headquartered in Tallinn, Estonia, while Phillip Nova operates from Singapore. Admiral Markets has the longer track record, established in 2001, compared to Phillip Nova which was founded in 2005. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Admiral Markets
Phillip Nova
| Admiral Markets | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | FCA, CySEC, ASIC ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile, POEMS |
Admiral Markets is the better choice overall, scoring 3.8/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Admiral Markets offers lower spreads (0 pips).
See full side-by-side comparison belowAdmiral Markets vs Phillip Nova: Key Differences
Admiral Markets
WinnerPhillip Nova
Still deciding between Admiral Markets and Phillip Nova?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
Admiral Markets
Phillip Nova
Regulation & Trust
Admiral Markets holds licences from FCA, ASIC, CySEC. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Admiral Markets additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, Admiral Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Admiral Markets supports MT4, MT5, Proprietary Web. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web.
Minimum Deposit
Admiral Markets requires a minimum deposit of $100, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Admiral Markets at 3.77/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Admiral Markets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Admiral Markets
3.8/5
Choose Admiral Markets if you want…
- Higher overall rating (3.8/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More regulatory licences (3)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No per-trade commission
- No minimum deposit
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Admiral Markets & Phillip Nova are available in
Frequently Asked Questions
1Is Admiral Markets better than Phillip Nova?
Admiral Markets scores higher overall on our independent rating system. Admiral Markets holds a 3.8/5 rating vs Phillip Nova's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Admiral Markets or Phillip Nova?
Admiral Markets offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Admiral Markets vs Phillip Nova?
Admiral Markets requires a minimum deposit of $100. Phillip Nova requires $0.
4Which broker is safer, Admiral Markets or Phillip Nova?
Admiral Markets is regulated by FCA, CySEC, ASIC, while Phillip Nova holds licences from MAS.
5What trading platforms do Admiral Markets and Phillip Nova support?
Admiral Markets supports MT4, MT5, Proprietary Web. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Admiral Markets and Phillip Nova?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Featured
Deriv
4.0Capital at risk · T&Cs apply
