Phillip Nova vs M1 Finance 2026: Which Broker is Better?
Choosing between Phillip Nova and M1 Finance depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while M1 Finance operates from Chicago, USA. Phillip Nova has the longer track record, established in 2005, compared to M1 Finance which was founded in 2015. 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
M1 Finance
| Phillip Nova | M1 Finance | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.2/5 |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:20 ✓ | 1:2 |
| Regulation | MAS | SEC |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile |
Phillip Nova is the better choice overall, scoring 3.4/5 vs 3.2/5 on BrokerRank's independent rating. On fees, M1 Finance offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Nova vs M1 Finance: Key Differences
Phillip Nova
WinnerM1 Finance
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Fees Comparison
Phillip Nova
M1 Finance
Lower feesRegulation & Trust
Phillip Nova holds licences from MAS. M1 Finance is regulated by SEC.
Markets & Assets
Both brokers offer access to Indices markets. Phillip Nova additionally covers Forex, Cfd, Commodities, Crypto. M1 Finance adds Stocks.
Fees & Spreads
On spreads, M1 Finance is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. M1 Finance offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Nova requires no minimum deposit, while M1 Finance sets a minimum deposit of $100. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Phillip Nova at 3.39/5 and M1 Finance at 3.20/5, 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 minimum deposit
- Higher leverage (up to 1:20)
- More market types (5)
M1 Finance
3.2/5
Choose M1 Finance if you want…
- Tighter spreads (from 0 pips)
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 & M1 Finance are available in
Frequently Asked Questions
1Is Phillip Nova better than M1 Finance?
Phillip Nova scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs M1 Finance's 3.2/5. 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 M1 Finance?
Phillip Nova offers spreads from 0.6 pips, while M1 Finance starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs M1 Finance?
Phillip Nova requires a minimum deposit of $0. M1 Finance requires $100.
4Which broker is safer, Phillip Nova or M1 Finance?
Phillip Nova is regulated by MAS, while M1 Finance holds licences from SEC.
5What trading platforms do Phillip Nova and M1 Finance support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. M1 Finance supports Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Nova and M1 Finance?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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