Interactive Brokers vs Phillip Nova 2026: Which Broker is Better?
Choosing between Interactive Brokers and Phillip Nova depends on your trading style, preferred markets, and budget. Interactive Brokers is headquartered in Greenwich, USA, while Phillip Nova operates from Singapore. Interactive Brokers has the longer track record, established in 1978, 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.
Interactive Brokers
Phillip Nova
| Interactive Brokers | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 4.4/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.2 pips ✓ | 0.6 pips |
| Max Leverage | 1:4 | 1:20 ✓ |
| Regulation | SEC, CFTC, FCA ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
Interactive Brokers is the better choice overall, scoring 4.4/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Interactive Brokers offers lower spreads (0.2 pips).
See full side-by-side comparison belowInteractive Brokers vs Phillip Nova: Key Differences
Interactive Brokers
WinnerPhillip Nova
Still deciding between Interactive Brokers and Phillip Nova?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
Interactive Brokers
Phillip Nova
Regulation & Trust
Interactive Brokers holds licences from SEC, CFTC, FCA. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Interactive Brokers additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, Interactive Brokers is more competitive with EUR/USD spreads from 0.2 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Interactive Brokers supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Interactive Brokers requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Interactive Brokers accessible to traders with any budget.
Overall Ratings
BrokerRank scores Interactive Brokers at 4.43/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Interactive Brokers leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Interactive Brokers
4.4/5
Choose Interactive Brokers if you want…
- Higher overall rating (4.4/5)
- Tighter spreads (from 0.2 pips)
- More regulatory licences (5)
- More established (est. 1978)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No per-trade commission
- Higher leverage (up to 1:20)
- More platforms (3 supported)
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 Interactive Brokers & Phillip Nova are available in
Frequently Asked Questions
1Is Interactive Brokers better than Phillip Nova?
Interactive Brokers scores higher overall on our independent rating system. Interactive Brokers holds a 4.4/5 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, Interactive Brokers or Phillip Nova?
Interactive Brokers offers spreads from 0.2 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Interactive Brokers vs Phillip Nova?
Interactive Brokers requires a minimum deposit of $0. Phillip Nova requires $0.
4Which broker is safer, Interactive Brokers or Phillip Nova?
Interactive Brokers is regulated by SEC, CFTC, FCA, MAS, ASIC, while Phillip Nova holds licences from MAS.
5What trading platforms do Interactive Brokers and Phillip Nova support?
Interactive Brokers supports Proprietary Web, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Interactive Brokers and Phillip Nova?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
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.
Featured
Deriv
4.0Capital at risk · T&Cs apply
