Octa
Phillip Nova
VS
Higher Rated
Octa
Capital at risk · T&Cs apply
Choosing between Octa and Phillip Nova depends on your trading style, preferred markets, and budget. Octa is headquartered in St. Vincent and the Grenadines, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to Octa which was founded in 2011. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Octa
Phillip Nova
| Octa | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $25 | $0 ✓ |
| Spread from | 0.6 pips | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | CySEC, FSCA ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
Octa is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Octa offers lower spreads (0.6 pips).
See full side-by-side comparison belowOcta
Phillip Nova
Octa
Phillip Nova
Octa holds licences from CySEC, FSCA. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities, Crypto markets.
On spreads, Octa is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.6 pips at Phillip Nova.
Octa supports MT4, MT5, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
Octa requires a minimum deposit of $25, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Octa at 3.54/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Octa leads overall with a clear advantage.
Octa
3.5/5
Choose Octa if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Octa scores higher overall on our independent rating system. Octa 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.
Octa offers spreads from 0.6 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Octa requires a minimum deposit of $25. Phillip Nova requires $0.
Octa is regulated by CySEC, FSCA, while Phillip Nova holds licences from MAS.
Octa supports MT4, MT5, 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.