IronFX
Phillip Nova
VS
Higher Rated
IronFX
Capital at risk · T&Cs apply
Choosing between IronFX and Phillip Nova depends on your trading style, preferred markets, and budget. IronFX is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to IronFX 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.
IronFX
Phillip Nova
| IronFX | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:1000 ✓ | 1:20 |
| Regulation | CySEC, FCA, ASIC ✓ | MAS |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile, POEMS |
IronFX is the better choice overall, scoring 3.7/5 vs 3.4/5 on BrokerRank's independent rating. On fees, IronFX offers lower spreads (0 pips).
See full side-by-side comparison belowIronFX
WinnerPhillip Nova
IronFX
Phillip Nova
IronFX holds licences from FCA, ASIC, CySEC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. IronFX additionally covers Metals. Phillip Nova adds Crypto.
On spreads, IronFX is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
IronFX supports MT4, MT5. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
IronFX requires a minimum deposit of $100, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores IronFX at 3.71/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IronFX leads overall with a clear advantage.
IronFX
3.7/5
Choose IronFX if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
IronFX scores higher overall on our independent rating system. IronFX holds a 3.7/5 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.
IronFX offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
IronFX requires a minimum deposit of $100. Phillip Nova requires $0.
IronFX is regulated by CySEC, FCA, ASIC, FSCA, while Phillip Nova holds licences from MAS.
IronFX supports MT4, MT5. 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.