Moneta Markets
Phillip Nova
VS
Higher Rated
Moneta Markets
Capital at risk · T&Cs apply
Choosing between Moneta Markets and Phillip Nova depends on your trading style, preferred markets, and budget. Moneta Markets is headquartered in Cayman Islands, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to Moneta Markets which was founded in 2019. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Moneta Markets
Phillip Nova
| Moneta Markets | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $50 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:1000 ✓ | 1:20 |
| Regulation | ASIC, FSCA ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile, POEMS |
Moneta Markets is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Moneta Markets offers lower spreads (0 pips).
See full side-by-side comparison belowMoneta Markets
WinnerPhillip Nova
Moneta Markets
Phillip Nova
Moneta Markets holds licences from ASIC, FSCA. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities, Crypto markets.
On spreads, Moneta Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Moneta Markets supports MT4, MT5, Proprietary Web. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web.
Moneta Markets requires a minimum deposit of $50, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Moneta Markets at 3.50/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Moneta Markets leads overall with a clear advantage.
Moneta Markets
3.5/5
Choose Moneta Markets if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Moneta Markets scores higher overall on our independent rating system. Moneta Markets holds a 3.5/5 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.
Moneta Markets offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Moneta Markets requires a minimum deposit of $50. Phillip Nova requires $0.
Moneta Markets is regulated by ASIC, FSCA, while Phillip Nova holds licences from MAS.
Moneta Markets 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.