Phillip Nova
FxPesa
VS
Higher Rated
Phillip Nova
Capital at risk · T&Cs apply
Choosing between Phillip Nova and FxPesa depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while FxPesa operates from Nairobi, Kenya. Phillip Nova has the longer track record, established in 2005, compared to FxPesa which was founded in 2019. 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
FxPesa
Phillip Nova is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Phillip Nova offers lower spreads (0.6 pips).
See full side-by-side comparison belowOverall Rating
Phillip Nova
3.4 vs 3.3
Lowest Fees
Tied
0.6 vs 0.6 pips
Regulation
Tied
1 vs 1 licences
Min. Deposit
Phillip Nova
$0 vs $5
Phillip Nova
WinnerFxPesa
Phillip Nova
FxPesa
Phillip Nova holds licences from MAS. FxPesa is regulated by CMA.
Both brokers offer access to Forex, Cfd, Indices, Commodities, Crypto markets.
On spreads, Phillip Nova is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.6 pips at FxPesa.
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. FxPesa offers MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Phillip Nova requires no minimum deposit, while FxPesa sets a minimum deposit of $5. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Phillip Nova at 3.39/5 and FxPesa at 3.27/5, 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 FxPesa's 3.3/5. 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 FxPesa starts at 0.6 pips. Check the fees section above for a full breakdown.
Phillip Nova requires a minimum deposit of $0. FxPesa requires $5.
Phillip Nova is regulated by MAS, while FxPesa holds licences from CMA.
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. FxPesa supports MT5, Proprietary Web, Proprietary Mobile.
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.