Firstrade
Phillip Nova
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Firstrade
Capital at risk · T&Cs apply
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
WinnerPhillip Nova
Firstrade
Lower feesPhillip Nova
Firstrade holds licences from SEC, CFTC. Phillip Nova is regulated by MAS.
Both brokers offer access to Indices markets. Firstrade additionally covers Stocks. Phillip Nova adds Forex, Cfd, Commodities, Crypto.
On spreads, Firstrade is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Firstrade supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Firstrade requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Firstrade accessible to traders with any budget.
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.
Firstrade
3.4/5
Choose Firstrade if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
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.
Firstrade offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Firstrade requires a minimum deposit of $0. Phillip Nova requires $0.
Firstrade is regulated by SEC, CFTC, while Phillip Nova holds licences from MAS.
Firstrade 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.