Monex
Phillip Nova
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Monex
Capital at risk · T&Cs apply
Choosing between Monex and Phillip Nova depends on your trading style, preferred markets, and budget. Monex is headquartered in Tokyo, Japan, while Phillip Nova operates from Singapore. Monex has the longer track record, established in 1999, 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.
Monex
Phillip Nova
| Monex | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:3 | 1:20 ✓ |
| Regulation | FSA, SEC ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile, TradeStation JP | Proprietary Web, Proprietary Mobile, POEMS |
Monex (3.4/5) and Phillip Nova (3.4/5) are closely matched. Monex has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowMonex
WinnerPhillip Nova
Monex
Phillip Nova
Monex holds licences from SEC, FSA. Phillip Nova is regulated by MAS.
Both brokers offer access to Crypto, Forex markets. Monex additionally covers Stocks, Etf. Phillip Nova adds Cfd, Indices, Commodities.
On spreads, Monex is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Monex requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Monex accessible to traders with any budget.
BrokerRank scores Monex at 3.42/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Monex leads overall with a marginal advantage.
Monex
3.4/5
Choose Monex if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Monex (3.4/5) and Phillip Nova (3.4/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
Monex offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Monex requires a minimum deposit of $0. Phillip Nova requires $0.
Monex is regulated by FSA, SEC, while Phillip Nova holds licences from MAS.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. 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.