Side-by-Side Comparison Independent Updated Jun 5, 2026
Phillip Nova vs IronFX 2026: Which Broker is Better?
Compare Phillip Nova and IronFX side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phillip Nova
IronFX
VS
| Phillip Nova | IronFX | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.7/5 ✓ |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:20 | 1:1000 ✓ |
| Regulation | MAS | CySEC, FCA, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | MT4, MT5 |
Quick VerdictBrokerRank recommends
Best for Beginners
Phillip NovaIronFX
Best for Low Fees
IronFXPhillip Nova
Best for Regulation
IronFXPhillip Nova
Best Overall
IronFXPhillip Nova
Quick Answer
IronFX is the better choice overall, scoring 3.7/5 vs 3.4/5 on BrokerRank's independent rating. On fees, IronFX offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Nova vs IronFX: Key Differences
Feature
Phillip Nova
IronFX
WinnerOur Rating
3.4 / 5
3.7 / 5
Min. Deposit
$0
$100
Spread From
0.6 pips
0 pips
Commission
None
$3/lot
Platforms
Proprietary Web, Proprietary Mobile, POEMS
MT4, MT5
Markets
Forex, Cfd, Indices, Commodities, Crypto
Forex, Cfd, Indices, Commodities, Metals
Founded
2005
2010
Headquarters
Singapore
Limassol, Cyprus
Score
2 / 5
3 / 5
Fees Comparison
Fee
Phillip Nova
IronFX
Spread From
0.6 pips
0 pips
Commission
None
$3/lot
Deposit Fee
None
None
Withdrawal Fee
None
None
BrokerRank Verdict
Phillip Nova scores 3.39/5 while IronFX scores 3.71/5 in our independent rating.
IronFX 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
- No minimum deposit
- More established (est. 2005)
- More platforms (3 supported)
IronFX
3.7/5
Choose IronFX if you want…
- Higher overall rating (3.7/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:1000)
- More regulatory licences (4)
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 & IronFX are available in
Frequently Asked Questions
1Is Phillip Nova better than IronFX?
IronFX scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs IronFX's 3.7/5. 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 IronFX?
Phillip Nova offers spreads from 0.6 pips, while IronFX starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs IronFX?
Phillip Nova requires a minimum deposit of $0. IronFX requires $100.
4Which broker is safer, Phillip Nova or IronFX?
Phillip Nova is regulated by MAS, while IronFX holds licences from CySEC, FCA, ASIC, FSCA.
5What trading platforms do Phillip Nova and IronFX support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. IronFX supports MT4, MT5.
6Can I use both Phillip Nova and IronFX?
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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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
IronFX
Capital at risk · T&Cs apply