HFM vs Phillip Nova 2026: Which Broker is Better?
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 vs Phillip Nova: Key Differences
HFM
WinnerPhillip Nova
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Fees Comparison
HFM
Phillip Nova
Regulation & Trust
HFM holds licences from FCA, CySEC, FSCA. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. HFM additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, HFM is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
HFM supports MT4, MT5, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
Minimum Deposit
HFM requires a minimum deposit of $5, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
HFM
3.8/5
Choose HFM if you want…
- Higher overall rating (3.8/5)
- Tighter spreads (from 0 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)
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 HFM & Phillip Nova are available in
Frequently Asked Questions
1Is HFM better than Phillip Nova?
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.
2Which has lower fees, HFM or Phillip Nova?
HFM 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 HFM vs Phillip Nova?
HFM requires a minimum deposit of $5. Phillip Nova requires $0.
4Which broker is safer, HFM or Phillip Nova?
HFM is regulated by FCA, CySEC, FSCA, while Phillip Nova holds licences from MAS.
5What trading platforms do HFM and Phillip Nova support?
HFM supports MT4, MT5, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both HFM 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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