IG Group
Phillip Nova
VS
Higher Rated
IG Group
Capital at risk · T&Cs apply
Choosing between IG Group and Phillip Nova depends on your trading style, preferred markets, and budget. IG Group is headquartered in London, UK, while Phillip Nova operates from Singapore. IG Group has the longer track record, established in 1974, compared to Phillip Nova which was founded in 2005. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
IG Group
Phillip Nova
| IG Group | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.4/5 |
| Min. Deposit | $250 | $0 ✓ |
| Spread from | 0.6 pips | 0.6 pips |
| Max Leverage | 1:200 ✓ | 1:20 |
| Regulation | FCA, ASIC, MAS ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile, POEMS |
IG Group is the better choice overall, scoring 4.3/5 vs 3.4/5 on BrokerRank's independent rating. On fees, IG Group offers lower spreads (0.6 pips).
See full side-by-side comparison belowIG Group
WinnerPhillip Nova
IG Group
Phillip Nova
IG Group holds licences from FCA, ASIC, MAS. Phillip Nova is regulated by MAS.
Both brokers offer access to Cfd, Forex, Indices, Commodities markets. IG Group additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, IG Group is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.6 pips at Phillip Nova.
IG Group supports Proprietary Web, Proprietary Mobile, MT4. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
IG Group requires a minimum deposit of $250, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores IG Group at 4.33/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IG Group leads overall with a clear advantage.
IG Group
4.3/5
Choose IG Group if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
IG Group scores higher overall on our independent rating system. IG Group holds a 4.3/5 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.
IG Group offers spreads from 0.6 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
IG Group requires a minimum deposit of $250. Phillip Nova requires $0.
IG Group is regulated by FCA, ASIC, MAS, SEC, while Phillip Nova holds licences from MAS.
IG Group supports Proprietary Web, Proprietary Mobile, MT4. 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.