Dukascopy
Phillip Nova
VS
Higher Rated
Dukascopy
Capital at risk · T&Cs apply
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
WinnerPhillip Nova
Dukascopy
Phillip Nova
Dukascopy holds licences from FCA, MAS. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Dukascopy additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, Dukascopy is more competitive with EUR/USD spreads from 0.1 pips, compared to 0.6 pips at Phillip Nova.
Dukascopy supports Proprietary Web, Proprietary Mobile, MT4. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Dukascopy 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 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.
Dukascopy
3.7/5
Choose Dukascopy if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
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.
Dukascopy offers spreads from 0.1 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Dukascopy requires a minimum deposit of $100. Phillip Nova requires $0.
Dukascopy is regulated by FCA, MAS, while Phillip Nova holds licences from MAS.
Dukascopy supports Proprietary Web, Proprietary Mobile, MT4. 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.