FBS vs Phillip Nova 2026: Which Broker is Better?
Choosing between FBS and Phillip Nova depends on your trading style, preferred markets, and budget. FBS is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to FBS 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.
FBS
Phillip Nova
| FBS | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.4/5 |
| Min. Deposit | $1 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:3000 ✓ | 1:20 |
| Regulation | CySEC, ASIC, FSCA ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
FBS is the better choice overall, scoring 3.9/5 vs 3.4/5 on BrokerRank's independent rating. On fees, FBS offers lower spreads (0 pips).
See full side-by-side comparison belowFBS vs Phillip Nova: Key Differences
FBS
WinnerPhillip Nova
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Fees Comparison
FBS
Lower feesPhillip Nova
Regulation & Trust
FBS holds licences from ASIC, CySEC, FSCA. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. FBS additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, FBS is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
FBS supports MT4, MT5, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
Minimum Deposit
FBS requires a minimum deposit of $1, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores FBS at 3.88/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. FBS leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
FBS
3.9/5
Choose FBS if you want…
- Higher overall rating (3.9/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:3000)
- More regulatory licences (3)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No minimum deposit
- 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 FBS & Phillip Nova are available in
Frequently Asked Questions
1Is FBS better than Phillip Nova?
FBS scores higher overall on our independent rating system. FBS holds a 3.9/5 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, FBS or Phillip Nova?
FBS 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 FBS vs Phillip Nova?
FBS requires a minimum deposit of $1. Phillip Nova requires $0.
4Which broker is safer, FBS or Phillip Nova?
FBS is regulated by CySEC, ASIC, FSCA, while Phillip Nova holds licences from MAS.
5What trading platforms do FBS and Phillip Nova support?
FBS supports MT4, MT5, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both FBS 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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