NAGA
Phillip Nova
VS
Higher Rated
NAGA
Capital at risk · T&Cs apply
Choosing between NAGA and Phillip Nova depends on your trading style, preferred markets, and budget. NAGA is headquartered in Hamburg, Germany, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to NAGA which was founded in 2015. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
NAGA
Phillip Nova
| NAGA | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $250 | $0 ✓ |
| Spread from | 0.7 pips | 0.6 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | CySEC | MAS |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile, POEMS |
NAGA is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Phillip Nova offers lower spreads (0.6 pips).
See full side-by-side comparison belowNAGA
Phillip Nova
WinnerNAGA
Phillip Nova
Lower feesNAGA holds licences from CySEC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Crypto, Indices markets. NAGA additionally covers Stocks. Phillip Nova adds Commodities.
On spreads, Phillip Nova is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.7 pips at NAGA.
NAGA supports Proprietary Web, Proprietary Mobile, MT4, MT5. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
NAGA requires a minimum deposit of $250, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores NAGA at 3.53/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. NAGA leads overall with a clear advantage.
NAGA
3.5/5
Choose NAGA if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
NAGA scores higher overall on our independent rating system. NAGA 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.
NAGA offers spreads from 0.7 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
NAGA requires a minimum deposit of $250. Phillip Nova requires $0.
NAGA is regulated by CySEC, while Phillip Nova holds licences from MAS.
NAGA supports Proprietary Web, Proprietary Mobile, MT4, MT5. 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.