eToro vs Phillip Nova 2026: Which Broker is Better?
Choosing between eToro and Phillip Nova depends on your trading style, preferred markets, and budget. eToro is headquartered in Tel Aviv, Israel, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to eToro which was founded in 2007. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
eToro
Phillip Nova
| eToro | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.4/5 |
| Min. Deposit | $50 | $0 ✓ |
| Spread from | 1 pips | 0.6 pips ✓ |
| Max Leverage | 1:30 ✓ | 1:20 |
| Regulation | FCA, CySEC, ASIC ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
eToro is the better choice overall, scoring 4.0/5 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 beloweToro vs Phillip Nova: Key Differences
eToro
Phillip Nova
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Fees Comparison
eToro
Phillip Nova
Lower feesRegulation & Trust
eToro holds licences from FCA, ASIC, SEC. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Crypto, Forex, Indices, Commodities markets. eToro additionally covers Stocks. Phillip Nova adds Cfd.
Fees & Spreads
On spreads, Phillip Nova is more competitive with EUR/USD spreads from 0.6 pips, compared to 1.0 pips at eToro.
Trading Platforms
eToro supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
eToro requires a minimum deposit of $50, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores eToro at 4.01/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. eToro leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
eToro
4.0/5
Choose eToro if you want…
- Higher overall rating (4.0/5)
- Higher leverage (up to 1:30)
- More regulatory licences (4)
- More market types (6)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- Tighter spreads (from 0.6 pips)
- No minimum deposit
- More established (est. 2005)
- Free withdrawals
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 eToro & Phillip Nova are available in
Frequently Asked Questions
1Is eToro better than Phillip Nova?
eToro scores higher overall on our independent rating system. eToro holds a 4.0/5 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, eToro or Phillip Nova?
eToro offers spreads from 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 eToro vs Phillip Nova?
eToro requires a minimum deposit of $50. Phillip Nova requires $0.
4Which broker is safer, eToro or Phillip Nova?
eToro is regulated by FCA, CySEC, ASIC, SEC, while Phillip Nova holds licences from MAS.
5What trading platforms do eToro and Phillip Nova support?
eToro supports Proprietary Web, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both eToro 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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