AvaTrade vs Phillip Nova 2026: Which Broker is Better?
Choosing between AvaTrade and Phillip Nova depends on your trading style, preferred markets, and budget. AvaTrade is headquartered in Dublin, Ireland, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to AvaTrade which was founded in 2006. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
AvaTrade
Phillip Nova
| AvaTrade | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.9 pips | 0.6 pips ✓ |
| Max Leverage | 1:400 ✓ | 1:20 |
| Regulation | FCA, ASIC, MAS ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
AvaTrade is the better choice overall, scoring 4.0/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Phillip Nova offers lower spreads (0.6 pips).
See full side-by-side comparison belowAvaTrade vs Phillip Nova: Key Differences
AvaTrade
Phillip Nova
Fees Comparison
AvaTrade
Phillip Nova
Lower feesRegulation & Trust
AvaTrade holds licences from FCA, ASIC, MAS. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Crypto, Indices markets. AvaTrade additionally covers Stocks. Phillip Nova adds Commodities.
Fees & Spreads
On spreads, Phillip Nova is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.9 pips at AvaTrade.
Trading Platforms
AvaTrade supports MT4, MT5, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
Minimum Deposit
AvaTrade 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 AvaTrade at 3.98/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. AvaTrade leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
AvaTrade
4.0/5
Choose AvaTrade if you want…
- Higher overall rating (4.0/5)
- Higher leverage (up to 1:400)
- More regulatory licences (3)
- More market types (6)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- Tighter spreads (from 0.6 pips)
- No minimum deposit
- More established (est. 2005)
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 AvaTrade & Phillip Nova are available in
Frequently Asked Questions
1Is AvaTrade better than Phillip Nova?
AvaTrade scores higher overall on our independent rating system. AvaTrade holds a 4.0/5 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, AvaTrade or Phillip Nova?
AvaTrade offers spreads from 0.9 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for AvaTrade vs Phillip Nova?
AvaTrade requires a minimum deposit of $100. Phillip Nova requires $0.
4Which broker is safer, AvaTrade or Phillip Nova?
AvaTrade is regulated by FCA, ASIC, MAS, while Phillip Nova holds licences from MAS.
5What trading platforms do AvaTrade and Phillip Nova support?
AvaTrade supports MT4, MT5, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both AvaTrade 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
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
AvaTrade
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