Phillip Nova vs GO Markets 2026: Which Broker is Better?
Choosing between Phillip Nova and GO Markets depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while GO Markets operates from Melbourne, Australia. Phillip Nova has the longer track record, established in 2005, compared to GO Markets which was founded in 2006. 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
GO Markets
| Phillip Nova | GO Markets | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.3/5 |
| Min. Deposit | $0 ✓ | $200 |
| Spread from | 0.6 pips | 0.1 pips ✓ |
| Max Leverage | 1:20 | 1:500 ✓ |
| Regulation | MAS | ASIC, CySEC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | MT4, MT5 |
Phillip Nova is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, GO Markets offers lower spreads (0.1 pips).
See full side-by-side comparison belowPhillip Nova vs GO Markets: Key Differences
Phillip Nova
WinnerGO Markets
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Fees Comparison
Phillip Nova
GO Markets
Regulation & Trust
Phillip Nova holds licences from MAS. GO Markets is regulated by ASIC, CySEC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities, Crypto markets.
Fees & Spreads
On spreads, GO Markets is more competitive with EUR/USD spreads from 0.1 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. GO Markets offers MT4, MT5.
Minimum Deposit
Phillip Nova requires no minimum deposit, while GO Markets sets a minimum deposit of $200. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Phillip Nova at 3.39/5 and GO Markets at 3.33/5, 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…
- Higher overall rating (3.4/5)
- No per-trade commission
- No minimum deposit
- More established (est. 2005)
GO Markets
3.3/5
Choose GO Markets if you want…
- Tighter spreads (from 0.1 pips)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
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 & GO Markets are available in
Frequently Asked Questions
1Is Phillip Nova better than GO Markets?
Phillip Nova scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs GO Markets's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Phillip Nova or GO Markets?
Phillip Nova offers spreads from 0.6 pips, while GO Markets starts at 0.1 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs GO Markets?
Phillip Nova requires a minimum deposit of $0. GO Markets requires $200.
4Which broker is safer, Phillip Nova or GO Markets?
Phillip Nova is regulated by MAS, while GO Markets holds licences from ASIC, CySEC.
5What trading platforms do Phillip Nova and GO Markets support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. GO Markets supports MT4, MT5.
6Can I use both Phillip Nova and GO Markets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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