Eightcap vs Phillip Nova 2026: Which Broker is Better?
Choosing between Eightcap and Phillip Nova depends on your trading style, preferred markets, and budget. Eightcap is headquartered in Melbourne, Australia, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to Eightcap which was founded in 2009. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Eightcap
Phillip Nova
| Eightcap | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | ASIC, FCA, CySEC ✓ | MAS |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile, POEMS |
Eightcap is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Eightcap offers lower spreads (0 pips).
See full side-by-side comparison belowEightcap vs Phillip Nova: Key Differences
Eightcap
WinnerPhillip Nova
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Fees Comparison
Eightcap
Phillip Nova
Regulation & Trust
Eightcap holds licences from ASIC, FCA, CySEC. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Crypto, Indices, Commodities markets.
Fees & Spreads
On spreads, Eightcap is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Eightcap supports MT4, MT5. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
Minimum Deposit
Eightcap 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 Eightcap at 3.62/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Eightcap leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Eightcap
3.6/5
Choose Eightcap if you want…
- Higher overall rating (3.6/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More regulatory licences (3)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No per-trade commission
- No minimum deposit
- More established (est. 2005)
- More platforms (3 supported)
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 Eightcap & Phillip Nova are available in
Frequently Asked Questions
1Is Eightcap better than Phillip Nova?
Eightcap scores higher overall on our independent rating system. Eightcap 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, Eightcap or Phillip Nova?
Eightcap 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 Eightcap vs Phillip Nova?
Eightcap requires a minimum deposit of $100. Phillip Nova requires $0.
4Which broker is safer, Eightcap or Phillip Nova?
Eightcap is regulated by ASIC, FCA, CySEC, while Phillip Nova holds licences from MAS.
5What trading platforms do Eightcap and Phillip Nova support?
Eightcap supports MT4, MT5. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Eightcap 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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