Deriv vs Phillip Nova 2026: Which Broker is Better?
Choosing between Deriv and Phillip Nova depends on your trading style, preferred markets, and budget. Deriv is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Deriv has the longer track record, established in 1999, 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.
Deriv
Phillip Nova
| Deriv | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.4/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.5 pips ✓ | 0.6 pips |
| Max Leverage | 1:1000 ✓ | 1:20 |
| Regulation | MFSA, Labuan FSA, BVI FSC ✓ | MAS |
| Platforms | MT5, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
Deriv is the better choice overall, scoring 4.0/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Deriv offers lower spreads (0.5 pips).
See full side-by-side comparison belowDeriv vs Phillip Nova: Key Differences
Deriv
Phillip Nova
Fees Comparison
Deriv
Lower feesPhillip Nova
Regulation & Trust
Deriv holds licences from FCA, MAS. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Crypto, Indices, Commodities markets.
Fees & Spreads
On spreads, Deriv is more competitive with EUR/USD spreads from 0.5 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Deriv supports MT5, Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Deriv requires a minimum deposit of $5, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Deriv at 3.77/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Deriv leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Deriv
4.0/5
Choose Deriv if you want…
- Higher overall rating (4.0/5)
- Tighter spreads (from 0.5 pips)
- Higher leverage (up to 1:1000)
- More regulatory licences (7)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- 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 Deriv & Phillip Nova are available in
Frequently Asked Questions
1Is Deriv better than Phillip Nova?
Deriv scores higher overall on our independent rating system. Deriv 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, Deriv or Phillip Nova?
Deriv offers spreads from 0.5 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Deriv vs Phillip Nova?
Deriv requires a minimum deposit of $5. Phillip Nova requires $0.
4Which broker is safer, Deriv or Phillip Nova?
Deriv is regulated by MFSA, Labuan FSA, BVI FSC, VFSC, CIMA, FSC, CMA, while Phillip Nova holds licences from MAS.
5What trading platforms do Deriv and Phillip Nova support?
Deriv supports MT5, Proprietary Web, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Deriv 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
Deriv
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