EasyMarkets vs Phillip Nova 2026: Which Broker is Better?
Choosing between EasyMarkets and Phillip Nova depends on your trading style, preferred markets, and budget. EasyMarkets is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. EasyMarkets has the longer track record, established in 2001, 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.
EasyMarkets
Phillip Nova
| EasyMarkets | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $25 | $0 ✓ |
| Spread from | 0.7 pips | 0.6 pips ✓ |
| Max Leverage | 1:400 ✓ | 1:20 |
| Regulation | CySEC, ASIC ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile, POEMS |
EasyMarkets is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Phillip Nova offers lower spreads (0.6 pips).
See full side-by-side comparison belowEasyMarkets vs Phillip Nova: Key Differences
EasyMarkets
Phillip Nova
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Fees Comparison
EasyMarkets
Phillip Nova
Lower feesRegulation & Trust
EasyMarkets holds licences from ASIC, CySEC. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. EasyMarkets additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, Phillip Nova is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.7 pips at EasyMarkets.
Trading Platforms
EasyMarkets 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
EasyMarkets requires a minimum deposit of $25, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores EasyMarkets at 3.61/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. EasyMarkets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
EasyMarkets
3.6/5
Choose EasyMarkets if you want…
- Higher overall rating (3.6/5)
- Higher leverage (up to 1:400)
- More regulatory licences (2)
- More market types (6)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- Tighter spreads (from 0.6 pips)
- 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 EasyMarkets & Phillip Nova are available in
Frequently Asked Questions
1Is EasyMarkets better than Phillip Nova?
EasyMarkets scores higher overall on our independent rating system. EasyMarkets 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.
2Which has lower fees, EasyMarkets or Phillip Nova?
EasyMarkets offers spreads from 0.7 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for EasyMarkets vs Phillip Nova?
EasyMarkets requires a minimum deposit of $25. Phillip Nova requires $0.
4Which broker is safer, EasyMarkets or Phillip Nova?
EasyMarkets is regulated by CySEC, ASIC, while Phillip Nova holds licences from MAS.
5What trading platforms do EasyMarkets and Phillip Nova support?
EasyMarkets supports Proprietary Web, Proprietary Mobile, MT4. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both EasyMarkets 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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