Phillip Nova
Kraken
VS
Compare
Phillip Nova
Capital at risk · T&Cs apply
Choosing between Phillip Nova and Kraken depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while Kraken operates from San Francisco, USA. Phillip Nova has the longer track record, established in 2005, compared to Kraken which was founded in 2011. 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
Kraken
| Phillip Nova | Kraken | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0.2 pips ✓ |
| Max Leverage | 1:20 ✓ | 1:5 |
| Regulation | MAS | FCA, CFTC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile |
Phillip Nova (3.4/5) and Kraken (3.4/5) are closely matched. Kraken has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPhillip Nova
Kraken
WinnerPhillip Nova
Lower feesKraken
Phillip Nova holds licences from MAS. Kraken is regulated by FCA, CFTC.
Both brokers offer access to Crypto markets. Phillip Nova additionally covers Forex, Cfd, Indices, Commodities.
On spreads, Kraken is more competitive with EUR/USD spreads from 0.2 pips, compared to 0.6 pips at Phillip Nova.
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Kraken offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Phillip Nova requires no minimum deposit, while Kraken sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Phillip Nova at 3.39/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Phillip Nova leads overall with a marginal advantage.
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Kraken
3.4/5
Choose Kraken if you want…
Phillip Nova (3.4/5) and Kraken (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.
Phillip Nova offers spreads from 0.6 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
Phillip Nova requires a minimum deposit of $0. Kraken requires $0.
Phillip Nova is regulated by MAS, while Kraken holds licences from FCA, CFTC.
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Kraken supports 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.