Markets.com vs Phillip Nova 2026: Which Broker is Better?
Choosing between Markets.com and Phillip Nova depends on your trading style, preferred markets, and budget. Markets.com is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to Markets.com which was founded in 2008. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Markets.com
Phillip Nova
| Markets.com | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.6 pips | 0.6 pips |
| Max Leverage | 1:300 ✓ | 1:20 |
| Regulation | CySEC, ASIC, FCA ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile, POEMS |
Markets.com is the better choice overall, scoring 3.8/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Markets.com offers lower spreads (0.6 pips).
See full side-by-side comparison belowMarkets.com vs Phillip Nova: Key Differences
Markets.com
WinnerPhillip Nova
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Fees Comparison
Markets.com
Phillip Nova
Regulation & Trust
Markets.com holds licences from ASIC, FCA, CySEC. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Markets.com additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, Markets.com is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Markets.com supports MT4, MT5, Proprietary Web. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web.
Minimum Deposit
Markets.com requires a minimum deposit of $100, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Markets.com at 3.76/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Markets.com leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Markets.com
3.8/5
Choose Markets.com if you want…
- Higher overall rating (3.8/5)
- Higher leverage (up to 1:300)
- More regulatory licences (3)
- More market types (6)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No minimum deposit
- More established (est. 2005)
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 Markets.com & Phillip Nova are available in
Frequently Asked Questions
1Is Markets.com better than Phillip Nova?
Markets.com scores higher overall on our independent rating system. Markets.com holds a 3.8/5 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, Markets.com or Phillip Nova?
Markets.com offers spreads from 0.6 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Markets.com vs Phillip Nova?
Markets.com requires a minimum deposit of $100. Phillip Nova requires $0.
4Which broker is safer, Markets.com or Phillip Nova?
Markets.com is regulated by CySEC, ASIC, FCA, while Phillip Nova holds licences from MAS.
5What trading platforms do Markets.com and Phillip Nova support?
Markets.com supports MT4, MT5, Proprietary Web. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Markets.com and Phillip Nova?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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