AvaTrade
Phillip Nova
VS
Higher Rated
AvaTrade
Capital at risk · T&Cs apply
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
Phillip Nova
AvaTrade
Phillip Nova
Lower feesAvaTrade holds licences from FCA, ASIC, MAS. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Crypto, Indices markets. AvaTrade additionally covers Stocks. Phillip Nova adds Commodities.
On spreads, Phillip Nova is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.9 pips at AvaTrade.
AvaTrade supports MT4, MT5, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
AvaTrade requires a minimum deposit of $100, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
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.
AvaTrade
4.0/5
Choose AvaTrade if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
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.
AvaTrade offers spreads from 0.9 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
AvaTrade requires a minimum deposit of $100. Phillip Nova requires $0.
AvaTrade is regulated by FCA, ASIC, MAS, while Phillip Nova holds licences from MAS.
AvaTrade supports MT4, MT5, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.