E*TRADE
Phillip Nova
VS
Higher Rated
E*TRADE
Capital at risk · T&Cs apply
Choosing between E*TRADE and Phillip Nova depends on your trading style, preferred markets, and budget. E*TRADE is headquartered in Arlington, USA, while Phillip Nova operates from Singapore. E*TRADE has the longer track record, established in 1982, 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.
E*TRADE
Phillip Nova
| E*TRADE | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:4 | 1:20 ✓ |
| Regulation | SEC, CFTC ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
E*TRADE is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, E*TRADE offers lower spreads (0 pips).
See full side-by-side comparison belowE*TRADE
WinnerPhillip Nova
E*TRADE
Lower feesPhillip Nova
E*TRADE holds licences from SEC, CFTC. Phillip Nova is regulated by MAS.
Both brokers offer access to Indices, Commodities markets. E*TRADE additionally covers Stocks. Phillip Nova adds Forex, Cfd, Crypto.
On spreads, E*TRADE is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
E*TRADE supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
E*TRADE requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes E*TRADE accessible to traders with any budget.
BrokerRank scores E*TRADE at 3.60/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. E*TRADE leads overall with a clear advantage.
E*TRADE
3.6/5
Choose E*TRADE if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
E*TRADE scores higher overall on our independent rating system. E*TRADE 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.
E*TRADE offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
E*TRADE requires a minimum deposit of $0. Phillip Nova requires $0.
E*TRADE is regulated by SEC, CFTC, while Phillip Nova holds licences from MAS.
E*TRADE supports Proprietary Web, Proprietary Mobile. 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.