FXTM vs Phillip Nova 2026: Which Broker is Better?
Choosing between FXTM and Phillip Nova depends on your trading style, preferred markets, and budget. FXTM is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to FXTM which was founded in 2011. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
FXTM
Phillip Nova
| FXTM | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $10 | $0 ✓ |
| Spread from | 0.1 pips ✓ | 0.6 pips |
| Max Leverage | 1:2000 ✓ | 1:20 |
| Regulation | FCA, CySEC, FSCA ✓ | MAS |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile, POEMS |
FXTM is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, FXTM offers lower spreads (0.1 pips).
See full side-by-side comparison belowFXTM vs Phillip Nova: Key Differences
FXTM
WinnerPhillip Nova
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Fees Comparison
FXTM
Phillip Nova
Regulation & Trust
FXTM holds licences from FCA, CySEC, FSCA. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. FXTM additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, FXTM is more competitive with EUR/USD spreads from 0.1 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
FXTM supports MT4, MT5. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
Minimum Deposit
FXTM requires a minimum deposit of $10, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores FXTM at 3.59/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. FXTM leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
FXTM
3.6/5
Choose FXTM if you want…
- Higher overall rating (3.6/5)
- Tighter spreads (from 0.1 pips)
- Higher leverage (up to 1:2000)
- More regulatory licences (3)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No per-trade commission
- No minimum deposit
- More established (est. 2005)
- 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 FXTM & Phillip Nova are available in
Frequently Asked Questions
1Is FXTM better than Phillip Nova?
FXTM scores higher overall on our independent rating system. FXTM 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.
2Which has lower fees, FXTM or Phillip Nova?
FXTM offers spreads from 0.1 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FXTM vs Phillip Nova?
FXTM requires a minimum deposit of $10. Phillip Nova requires $0.
4Which broker is safer, FXTM or Phillip Nova?
FXTM is regulated by FCA, CySEC, FSCA, while Phillip Nova holds licences from MAS.
5What trading platforms do FXTM and Phillip Nova support?
FXTM supports MT4, MT5. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both FXTM 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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