Phillip Nova
City Index
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
Compare Phillip Nova and City Index side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phillip Nova
City Index
City Index is the better choice overall, scoring 4.1/5 vs 3.4/5 on BrokerRank's independent rating. On fees, City Index offers lower spreads (0.5 pips).
See full side-by-side comparison belowOverall Rating
City Index
3.4 vs 4.1
Lowest Fees
City Index
0.6 vs 0.5 pips
Regulation
City Index
1 vs 3 licences
Min. Deposit
Tied
$0 vs $0
Phillip Nova
City Index
WinnerPhillip Nova
City Index
Lower feesPhillip Nova scores 3.39/5 while City Index scores 4.06/5 in our independent rating.
City Index edges ahead overall, but Phillip Nova may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
City Index scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs City Index's 4.1/5. 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 City Index starts at 0.5 pips. Check the fees section above for a full breakdown.
Phillip Nova requires a minimum deposit of $0. City Index requires $0.
Phillip Nova is regulated by MAS, while City Index holds licences from FCA, ASIC, MAS.
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. City Index supports Proprietary Web, Proprietary Mobile, MT4.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
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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.