Axi
Phillip Nova
VS
Higher Rated
Axi
Capital at risk · T&Cs apply
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
WinnerPhillip Nova
Axi
Phillip Nova
Axi holds licences from ASIC, FCA. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Axi additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, Axi is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Axi supports MT4, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
Axi requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Axi accessible to traders with any budget.
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.
Axi
3.6/5
Choose Axi if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
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.
Axi offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Axi requires a minimum deposit of $0. Phillip Nova requires $0.
Axi is regulated by ASIC, FCA, while Phillip Nova holds licences from MAS.
Axi supports MT4, 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.