Phillip Nova
Capital Index
VS
Higher Rated
Phillip Nova
Capital at risk · T&Cs apply
Choosing between Phillip Nova and Capital Index depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while Capital Index operates from London, UK. Phillip Nova has the longer track record, established in 2005, compared to Capital Index which was founded in 2014. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Phillip Nova
Capital Index
Phillip Nova is the better choice overall, scoring 3.4/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Capital Index offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Phillip Nova
3.4 vs 3.2
Lowest Fees
Capital Index
0.6 vs 0 pips
Regulation
Tied
1 vs 1 licences
Min. Deposit
Phillip Nova
$0 vs $100
Phillip Nova
WinnerCapital Index
Phillip Nova
Capital Index
Phillip Nova holds licences from MAS. Capital Index is regulated by FCA.
Both brokers offer access to Forex, Cfd, Indices, Commodities, Crypto markets.
On spreads, Capital Index is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Capital Index offers MT4, MT5.
Phillip Nova requires no minimum deposit, while Capital Index sets a minimum deposit of $100. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Phillip Nova at 3.39/5 and Capital Index at 3.21/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Phillip Nova leads overall with a clear advantage.
Phillip Nova scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs Capital Index's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Phillip Nova offers spreads from 0.6 pips, while Capital Index starts at 0 pips. Check the fees section above for a full breakdown.
Phillip Nova requires a minimum deposit of $0. Capital Index requires $100.
Phillip Nova is regulated by MAS, while Capital Index holds licences from FCA.
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Capital Index supports MT4, MT5.
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.