Fusion Markets
Phillip Nova
VS
Higher Rated
Fusion Markets
Capital at risk · T&Cs apply
Choosing between Fusion Markets and Phillip Nova depends on your trading style, preferred markets, and budget. Fusion Markets is headquartered in Melbourne, Australia, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to Fusion Markets which was founded in 2017. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Fusion Markets
Phillip Nova
| Fusion Markets | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | ASIC | MAS |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile, POEMS |
Fusion Markets is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Fusion Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFusion Markets
WinnerPhillip Nova
Fusion Markets
Phillip Nova
Fusion Markets holds licences from ASIC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Fusion Markets additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, Fusion Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Fusion Markets supports MT4, MT5, TradingView. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
Fusion Markets requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Fusion Markets accessible to traders with any budget.
BrokerRank scores Fusion Markets at 3.56/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Fusion Markets leads overall with a clear advantage.
Fusion Markets
3.6/5
Choose Fusion Markets if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Fusion Markets scores higher overall on our independent rating system. Fusion Markets 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.
Fusion Markets offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Fusion Markets requires a minimum deposit of $0. Phillip Nova requires $0.
Fusion Markets is regulated by ASIC, while Phillip Nova holds licences from MAS.
Fusion Markets supports MT4, MT5, TradingView. 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.