HFM
Phillip Nova
VS
Higher Rated
HFM
Capital at risk · T&Cs apply
Choosing between HFM and Phillip Nova depends on your trading style, preferred markets, and budget. HFM is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to HFM which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
HFM
Phillip Nova
| HFM | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.4/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:2000 ✓ | 1:20 |
| Regulation | FCA, CySEC, FSCA ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
HFM is the better choice overall, scoring 3.8/5 vs 3.4/5 on BrokerRank's independent rating. On fees, HFM offers lower spreads (0 pips).
See full side-by-side comparison belowHFM
WinnerPhillip Nova
HFM
Phillip Nova
HFM holds licences from FCA, CySEC, FSCA. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. HFM additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, HFM is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
HFM supports MT4, MT5, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
HFM requires a minimum deposit of $5, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores HFM at 3.78/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. HFM leads overall with a clear advantage.
HFM
3.8/5
Choose HFM if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
HFM scores higher overall on our independent rating system. HFM holds a 3.8/5 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.
HFM offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
HFM requires a minimum deposit of $5. Phillip Nova requires $0.
HFM is regulated by FCA, CySEC, FSCA, while Phillip Nova holds licences from MAS.
HFM supports MT4, MT5, 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.