InstaForex
Phillip Nova
VS
Higher Rated
InstaForex
Capital at risk · T&Cs apply
Choosing between InstaForex and Phillip Nova depends on your trading style, preferred markets, and budget. InstaForex is headquartered in Kaliningrad, Russia, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to InstaForex which was founded in 2007. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
InstaForex
Phillip Nova
| InstaForex | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $1 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:1000 ✓ | 1:20 |
| Regulation | CySEC, FSA ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
InstaForex is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, InstaForex offers lower spreads (0 pips).
See full side-by-side comparison belowInstaForex
WinnerPhillip Nova
InstaForex
Lower feesPhillip Nova
InstaForex holds licences from CySEC, FSA. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. InstaForex additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, InstaForex is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
InstaForex supports MT4, MT5, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
InstaForex requires a minimum deposit of $1, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores InstaForex at 3.59/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. InstaForex leads overall with a clear advantage.
InstaForex
3.6/5
Choose InstaForex if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
InstaForex scores higher overall on our independent rating system. InstaForex 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.
InstaForex offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
InstaForex requires a minimum deposit of $1. Phillip Nova requires $0.
InstaForex is regulated by CySEC, FSA, while Phillip Nova holds licences from MAS.
InstaForex 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.