Firstrade vs Phillip Nova 2026: Which Broker is Better?
Choosing between Firstrade and Phillip Nova depends on your trading style, preferred markets, and budget. Firstrade is headquartered in New York, USA, while Phillip Nova operates from Singapore. Firstrade has the longer track record, established in 1985, 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.
Firstrade
Phillip Nova
| Firstrade | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:2 | 1:20 ✓ |
| Regulation | SEC, CFTC ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
Firstrade (3.4/5) and Phillip Nova (3.4/5) are closely matched. Firstrade has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowFirstrade vs Phillip Nova: Key Differences
Firstrade
WinnerPhillip Nova
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Fees Comparison
Firstrade
Lower feesPhillip Nova
Regulation & Trust
Firstrade holds licences from SEC, CFTC. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Indices markets. Firstrade additionally covers Stocks. Phillip Nova adds Forex, Cfd, Commodities, Crypto.
Fees & Spreads
On spreads, Firstrade is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Firstrade supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Firstrade requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Firstrade accessible to traders with any budget.
Overall Ratings
BrokerRank scores Firstrade at 3.41/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Firstrade leads overall with a marginal advantage.
BrokerRank Verdict
Who Should Choose Which?
Firstrade
3.4/5
Choose Firstrade if you want…
- Tighter spreads (from 0 pips)
- More regulatory licences (2)
- More established (est. 1985)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- Higher leverage (up to 1:20)
- More market types (5)
- 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 Firstrade & Phillip Nova are available in
Frequently Asked Questions
1Is Firstrade better than Phillip Nova?
Firstrade (3.4/5) and Phillip Nova (3.4/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
2Which has lower fees, Firstrade or Phillip Nova?
Firstrade 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 Firstrade vs Phillip Nova?
Firstrade requires a minimum deposit of $0. Phillip Nova requires $0.
4Which broker is safer, Firstrade or Phillip Nova?
Firstrade is regulated by SEC, CFTC, while Phillip Nova holds licences from MAS.
5What trading platforms do Firstrade and Phillip Nova support?
Firstrade supports Proprietary Web, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Firstrade 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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