Phillip Nova vs Equiti 2026: Which Broker is Better?
Choosing between Phillip Nova and Equiti depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while Equiti operates from Amman, Jordan. Phillip Nova has the longer track record, established in 2005, compared to Equiti 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
Equiti
| Phillip Nova | Equiti | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.4/5 |
| Min. Deposit | $0 ✓ | $500 |
| Spread from | 0.6 pips | 0.5 pips ✓ |
| Max Leverage | 1:20 | 1:500 ✓ |
| Regulation | MAS | FCA, FSRA ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | MT4, MT5 |
Phillip Nova (3.4/5) and Equiti (3.4/5) are closely matched. Equiti has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPhillip Nova vs Equiti: Key Differences
Phillip Nova
Equiti
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Fees Comparison
Phillip Nova
Equiti
Lower feesRegulation & Trust
Phillip Nova holds licences from MAS. Equiti is regulated by FCA, FSRA.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Phillip Nova additionally covers Crypto. Equiti adds Stocks.
Fees & Spreads
On spreads, Equiti is more competitive with EUR/USD spreads from 0.5 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Equiti offers MT4, MT5.
Minimum Deposit
Phillip Nova requires no minimum deposit, while Equiti sets a minimum deposit of $500. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Phillip Nova at 3.39/5 and Equiti at 3.23/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Phillip Nova leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No minimum deposit
- More established (est. 2005)
- More platforms (3 supported)
Equiti
3.4/5
Choose Equiti if you want…
- Tighter spreads (from 0.5 pips)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
- More market types (6)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Phillip Nova & Equiti are available in
Frequently Asked Questions
1Is Phillip Nova better than Equiti?
Phillip Nova (3.4/5) and Equiti (3.4/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
2Which has lower fees, Phillip Nova or Equiti?
Phillip Nova offers spreads from 0.6 pips, while Equiti starts at 0.5 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs Equiti?
Phillip Nova requires a minimum deposit of $0. Equiti requires $500.
4Which broker is safer, Phillip Nova or Equiti?
Phillip Nova is regulated by MAS, while Equiti holds licences from FCA, FSRA.
5What trading platforms do Phillip Nova and Equiti support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Equiti supports MT4, MT5.
6Can I use both Phillip Nova and Equiti?
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.
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