FXTM
Phillip Nova
VS
Higher Rated
FXTM
Capital at risk · T&Cs apply
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
WinnerPhillip Nova
FXTM
Phillip Nova
FXTM holds licences from FCA, CySEC, FSCA. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. FXTM additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, FXTM is more competitive with EUR/USD spreads from 0.1 pips, compared to 0.6 pips at Phillip Nova.
FXTM supports MT4, MT5. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
FXTM requires a minimum deposit of $10, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
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.
FXTM
3.6/5
Choose FXTM if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
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.
FXTM offers spreads from 0.1 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
FXTM requires a minimum deposit of $10. Phillip Nova requires $0.
FXTM is regulated by FCA, CySEC, FSCA, while Phillip Nova holds licences from MAS.
FXTM supports MT4, MT5. 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.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.