Fusion Markets vs Phillip Nova 2026: Which Broker is Better?
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 | 3.9/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | ASIC, VFSC, FSA ✓ | MAS |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile, POEMS |
Fusion Markets is the better choice overall, scoring 3.9/5 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 vs Phillip Nova: Key Differences
Fusion Markets
WinnerPhillip Nova
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Fees Comparison
Fusion Markets
Phillip Nova
Regulation & Trust
Fusion Markets holds licences from ASIC. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Fusion Markets additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, Fusion Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Fusion Markets supports MT4, MT5, TradingView. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
Minimum Deposit
Fusion Markets requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Fusion Markets accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
Fusion Markets
3.9/5
Choose Fusion Markets if you want…
- Higher overall rating (3.9/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More regulatory licences (3)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No per-trade commission
- 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 Fusion Markets & Phillip Nova are available in
Frequently Asked Questions
1Is Fusion Markets better than Phillip Nova?
Fusion Markets scores higher overall on our independent rating system. Fusion Markets 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, Fusion Markets or Phillip Nova?
Fusion Markets 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 Fusion Markets vs Phillip Nova?
Fusion Markets requires a minimum deposit of $0. Phillip Nova requires $0.
4Which broker is safer, Fusion Markets or Phillip Nova?
Fusion Markets is regulated by ASIC, VFSC, FSA, while Phillip Nova holds licences from MAS.
5What trading platforms do Fusion Markets and Phillip Nova support?
Fusion Markets supports MT4, MT5, TradingView, cTrader. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Fusion Markets and Phillip Nova?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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