dYdX vs Phillip Nova 2026: Which Broker is Better?
Compare dYdX and Phillip Nova side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
dYdX
Phillip Nova
| dYdX | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 2.4/5 | 3.4/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:20 | 1:20 |
| Regulation | Unregulated | MAS |
| Platforms | Proprietary Web, API | Proprietary Web, Proprietary Mobile, POEMS |
Phillip Nova is the better choice overall, scoring 3.4/5 vs 2.4/5 on BrokerRank's independent rating. On fees, dYdX offers lower spreads (0 pips).
See full side-by-side comparison belowdYdX vs Phillip Nova: Key Differences
dYdX
Phillip Nova
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Fees Comparison
dYdX
Phillip Nova
BrokerRank Verdict
dYdX scores 2.41/5 while Phillip Nova scores 3.39/5 in our independent rating.
Phillip Nova edges ahead overall, but dYdX may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
dYdX
2.4/5
Choose dYdX if you want…
- Tighter spreads (from 0 pips)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- Higher overall rating (3.4/5)
- No per-trade commission
- More market types (5)
- More established (est. 2005)
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 dYdX & Phillip Nova are available in
Frequently Asked Questions
1Is dYdX better than Phillip Nova?
Phillip Nova scores higher overall on our independent rating system. dYdX holds a 2.4/5 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, dYdX or Phillip Nova?
dYdX 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 dYdX vs Phillip Nova?
dYdX requires a minimum deposit of $0. Phillip Nova requires $0.
4Which broker is safer, dYdX or Phillip Nova?
dYdX is regulated by Unregulated, while Phillip Nova holds licences from MAS.
5What trading platforms do dYdX and Phillip Nova support?
dYdX supports Proprietary Web, API. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both dYdX 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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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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