MultiBank Group vs Phillip Nova 2026: Which Broker is Better?
Choosing between MultiBank Group and Phillip Nova depends on your trading style, preferred markets, and budget. MultiBank Group is headquartered in Dubai, UAE, while Phillip Nova operates from Singapore. MultiBank Group has the longer track record, established in 2005, 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.
MultiBank Group
Phillip Nova
| MultiBank Group | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $50 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | ASIC, FCA, CySEC ✓ | MAS |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile, POEMS |
MultiBank Group is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, MultiBank Group offers lower spreads (0 pips).
See full side-by-side comparison belowMultiBank Group vs Phillip Nova: Key Differences
MultiBank Group
WinnerPhillip Nova
Still deciding between MultiBank Group and Phillip Nova?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
MultiBank Group
Phillip Nova
Regulation & Trust
MultiBank Group holds licences from ASIC, FCA, CySEC. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. MultiBank Group additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, MultiBank Group is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
MultiBank Group supports MT4, MT5. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
Minimum Deposit
MultiBank Group requires a minimum deposit of $50, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores MultiBank Group at 3.60/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. MultiBank Group leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
MultiBank Group
3.6/5
Choose MultiBank Group if you want…
- Higher overall rating (3.6/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More regulatory licences (3)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No per-trade commission
- No minimum deposit
- 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 MultiBank Group & Phillip Nova are available in
Frequently Asked Questions
1Is MultiBank Group better than Phillip Nova?
MultiBank Group scores higher overall on our independent rating system. MultiBank Group holds a 3.6/5 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, MultiBank Group or Phillip Nova?
MultiBank Group 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 MultiBank Group vs Phillip Nova?
MultiBank Group requires a minimum deposit of $50. Phillip Nova requires $0.
4Which broker is safer, MultiBank Group or Phillip Nova?
MultiBank Group is regulated by ASIC, FCA, CySEC, while Phillip Nova holds licences from MAS.
5What trading platforms do MultiBank Group and Phillip Nova support?
MultiBank Group supports MT4, MT5. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both MultiBank Group and Phillip Nova?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Featured
Deriv
4.0Capital at risk · T&Cs apply
