Libertex
Phillip Nova
VS
Higher Rated
Libertex
Capital at risk · T&Cs apply
Choosing between Libertex and Phillip Nova depends on your trading style, preferred markets, and budget. Libertex is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Libertex has the longer track record, established in 1997, 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.
Libertex
Phillip Nova
| Libertex | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.4/5 |
| Min. Deposit | $10 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:999 ✓ | 1:20 |
| Regulation | CySEC | MAS |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile, POEMS |
Libertex is the better choice overall, scoring 3.7/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Libertex offers lower spreads (0 pips).
See full side-by-side comparison belowLibertex
Phillip Nova
Libertex
Lower feesPhillip Nova
Libertex holds licences from CySEC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Libertex additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, Libertex is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Libertex supports Proprietary Web, Proprietary Mobile, MT4, MT5. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Libertex requires a minimum deposit of $10, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Libertex at 3.69/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Libertex leads overall with a clear advantage.
Libertex
3.7/5
Choose Libertex if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Libertex scores higher overall on our independent rating system. Libertex 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.
Libertex offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Libertex requires a minimum deposit of $10. Phillip Nova requires $0.
Libertex is regulated by CySEC, while Phillip Nova holds licences from MAS.
Libertex supports Proprietary Web, Proprietary Mobile, 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.