Dukascopy vs Phillip Nova 2026: Which Broker is Better?
Choosing between Dukascopy and Phillip Nova depends on your trading style, preferred markets, and budget. Dukascopy is headquartered in Geneva, Switzerland, while Phillip Nova operates from Singapore. Dukascopy has the longer track record, established in 2004, 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.
Dukascopy
Phillip Nova
| Dukascopy | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.1 pips ✓ | 0.6 pips |
| Max Leverage | 1:200 ✓ | 1:20 |
| Regulation | FCA, MAS ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile, POEMS |
Dukascopy is the better choice overall, scoring 3.7/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Dukascopy offers lower spreads (0.1 pips).
See full side-by-side comparison belowDukascopy vs Phillip Nova: Key Differences
Dukascopy
WinnerPhillip Nova
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Fees Comparison
Dukascopy
Phillip Nova
Regulation & Trust
Dukascopy holds licences from FCA, MAS. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Dukascopy additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, Dukascopy is more competitive with EUR/USD spreads from 0.1 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Dukascopy supports Proprietary Web, Proprietary Mobile, MT4. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Dukascopy 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 Dukascopy at 3.71/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Dukascopy leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Dukascopy
3.7/5
Choose Dukascopy if you want…
- Higher overall rating (3.7/5)
- Tighter spreads (from 0.1 pips)
- Higher leverage (up to 1:200)
- More regulatory licences (2)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No per-trade commission
- 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 Dukascopy & Phillip Nova are available in
Frequently Asked Questions
1Is Dukascopy better than Phillip Nova?
Dukascopy scores higher overall on our independent rating system. Dukascopy holds a 3.7/5 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, Dukascopy or Phillip Nova?
Dukascopy offers spreads from 0.1 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Dukascopy vs Phillip Nova?
Dukascopy requires a minimum deposit of $100. Phillip Nova requires $0.
4Which broker is safer, Dukascopy or Phillip Nova?
Dukascopy is regulated by FCA, MAS, while Phillip Nova holds licences from MAS.
5What trading platforms do Dukascopy and Phillip Nova support?
Dukascopy supports Proprietary Web, Proprietary Mobile, MT4. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Dukascopy 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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