OANDA
Phillip Nova
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and Phillip Nova depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while Phillip Nova operates from Singapore. OANDA has the longer track record, established in 1996, 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.
OANDA
Phillip Nova
| OANDA | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0.6 pips |
| Max Leverage | 1:50 ✓ | 1:20 |
| Regulation | FCA, CFTC, ASIC ✓ | MAS |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
OANDA is the better choice overall, scoring 4.1/5 vs 3.4/5 on BrokerRank's independent rating. On fees, OANDA offers lower spreads (0.6 pips).
See full side-by-side comparison belowOANDA
WinnerPhillip Nova
OANDA
Phillip Nova
OANDA holds licences from FCA, CFTC, ASIC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Phillip Nova adds Crypto.
On spreads, OANDA is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.6 pips at Phillip Nova.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
OANDA
4.1/5
Choose OANDA if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
OANDA scores higher overall on our independent rating system. OANDA holds a 4.1/5 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.
OANDA offers spreads from 0.6 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. Phillip Nova requires $0.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while Phillip Nova holds licences from MAS.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. 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.