Phillip Nova vs Interactive Brokers 2026: Which Broker is Better?
Compare Phillip Nova and Interactive Brokers side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phillip Nova
Interactive Brokers
| Phillip Nova | Interactive Brokers | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 4.4/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0.2 pips ✓ |
| Max Leverage | 1:20 ✓ | 1:4 |
| Regulation | MAS | SEC, CFTC, FCA ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile |
Interactive Brokers is the better choice overall, scoring 4.4/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Interactive Brokers offers lower spreads (0.2 pips).
See full side-by-side comparison belowPhillip Nova vs Interactive Brokers: Key Differences
Phillip Nova
Interactive Brokers
WinnerStill deciding between Phillip Nova and Interactive Brokers?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
Phillip Nova
Interactive Brokers
BrokerRank Verdict
Phillip Nova scores 3.39/5 while Interactive Brokers scores 4.43/5 in our independent rating.
Interactive Brokers 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.
Who Should Choose Which?
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No per-trade commission
- Higher leverage (up to 1:20)
- More platforms (3 supported)
Interactive Brokers
4.4/5
Choose Interactive Brokers if you want…
- Higher overall rating (4.4/5)
- Tighter spreads (from 0.2 pips)
- More regulatory licences (5)
- More established (est. 1978)
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 & Interactive Brokers are available in
Frequently Asked Questions
1Is Phillip Nova better than Interactive Brokers?
Interactive Brokers scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs Interactive Brokers's 4.4/5. 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 Interactive Brokers?
Phillip Nova offers spreads from 0.6 pips, while Interactive Brokers starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs Interactive Brokers?
Phillip Nova requires a minimum deposit of $0. Interactive Brokers requires $0.
4Which broker is safer, Phillip Nova or Interactive Brokers?
Phillip Nova is regulated by MAS, while Interactive Brokers holds licences from SEC, CFTC, FCA, MAS, ASIC.
5What trading platforms do Phillip Nova and Interactive Brokers support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Interactive Brokers supports Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Nova and Interactive Brokers?
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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