Moomoo vs Phillip Nova 2026: Which Broker is Better?
Choosing between Moomoo and Phillip Nova depends on your trading style, preferred markets, and budget. Moomoo is headquartered in Palo Alto, USA, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to Moomoo which was founded in 2018. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Moomoo
Phillip Nova
| Moomoo | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:4 | 1:20 ✓ |
| Regulation | SEC, ASIC, MAS ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
Moomoo is the better choice overall, scoring 3.7/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Moomoo offers lower spreads (0 pips).
See full side-by-side comparison belowMoomoo vs Phillip Nova: Key Differences
Moomoo
WinnerPhillip Nova
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Fees Comparison
Moomoo
Lower feesPhillip Nova
Regulation & Trust
Moomoo holds licences from SEC, ASIC, MAS. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Indices markets. Moomoo additionally covers Stocks. Phillip Nova adds Forex, Cfd, Commodities, Crypto.
Fees & Spreads
On spreads, Moomoo is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Moomoo supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Moomoo requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Moomoo accessible to traders with any budget.
Overall Ratings
BrokerRank scores Moomoo at 3.69/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Moomoo leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Moomoo
3.7/5
Choose Moomoo if you want…
- Higher overall rating (3.7/5)
- Tighter spreads (from 0 pips)
- More regulatory licences (3)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- Higher leverage (up to 1:20)
- More market types (5)
- More established (est. 2005)
- More platforms (3 supported)
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 Moomoo & Phillip Nova are available in
Frequently Asked Questions
1Is Moomoo better than Phillip Nova?
Moomoo scores higher overall on our independent rating system. Moomoo 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.
2Which has lower fees, Moomoo or Phillip Nova?
Moomoo offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Moomoo vs Phillip Nova?
Moomoo requires a minimum deposit of $0. Phillip Nova requires $0.
4Which broker is safer, Moomoo or Phillip Nova?
Moomoo is regulated by SEC, ASIC, MAS, while Phillip Nova holds licences from MAS.
5What trading platforms do Moomoo and Phillip Nova support?
Moomoo supports Proprietary Web, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Moomoo 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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