Axi vs Phillip Nova 2026: Which Broker is Better?
Choosing between Axi and Phillip Nova depends on your trading style, preferred markets, and budget. Axi is headquartered in Sydney, Australia, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to Axi which was founded in 2007. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Axi
Phillip Nova
| Axi | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | ASIC, FCA ✓ | MAS |
| Platforms | MT4, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
Axi is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Axi offers lower spreads (0 pips).
See full side-by-side comparison belowAxi vs Phillip Nova: Key Differences
Axi
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Fees Comparison
Axi
Phillip Nova
Regulation & Trust
Axi holds licences from ASIC, FCA. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Axi additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, Axi is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Axi supports MT4, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
Minimum Deposit
Axi requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Axi accessible to traders with any budget.
Overall Ratings
BrokerRank scores Axi at 3.62/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Axi leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Axi
3.6/5
Choose Axi if you want…
- Higher overall rating (3.6/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No per-trade commission
- More established (est. 2005)
- More platforms (3 supported)
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 Axi & Phillip Nova are available in
Frequently Asked Questions
1Is Axi better than Phillip Nova?
Axi scores higher overall on our independent rating system. Axi holds a 3.6/5 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, Axi or Phillip Nova?
Axi 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 Axi vs Phillip Nova?
Axi requires a minimum deposit of $0. Phillip Nova requires $0.
4Which broker is safer, Axi or Phillip Nova?
Axi is regulated by ASIC, FCA, while Phillip Nova holds licences from MAS.
5What trading platforms do Axi and Phillip Nova support?
Axi supports MT4, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Axi and Phillip Nova?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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