Markets.com
Phillip Nova
VS
Higher Rated
Markets.com
Capital at risk · T&Cs apply
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
WinnerPhillip Nova
Markets.com
Phillip Nova
Markets.com holds licences from ASIC, FCA, CySEC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Markets.com additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, Markets.com is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.6 pips at Phillip Nova.
Markets.com supports MT4, MT5, Proprietary Web. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web.
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.
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.
Markets.com
3.8/5
Choose Markets.com if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
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.
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.
Markets.com requires a minimum deposit of $100. Phillip Nova requires $0.
Markets.com is regulated by CySEC, ASIC, FCA, while Phillip Nova holds licences from MAS.
Markets.com supports MT4, MT5, Proprietary Web. 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.