Phillip Nova vs mBank 2026: Which Broker is Better?
Choosing between Phillip Nova and mBank depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while mBank operates from Warsaw, Poland. mBank has the longer track record, established in 2000, compared to Phillip Nova which was founded in 2005. 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
mBank
| Phillip Nova | mBank | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:20 ✓ | 1:5 |
| Regulation | MAS | KNF |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile, mBank Trader |
Phillip Nova (3.4/5) and mBank (3.4/5) are closely matched. mBank has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPhillip Nova vs mBank: Key Differences
Phillip Nova
WinnermBank
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Fees Comparison
Phillip Nova
mBank
Regulation & Trust
Phillip Nova holds licences from MAS. mBank is regulated by KNF.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices markets. Phillip Nova additionally covers Commodities, Crypto. mBank adds Stocks, Etf.
Fees & Spreads
On spreads, mBank 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. mBank offers Proprietary Web, Proprietary Mobile, mBank Trader. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Nova requires no minimum deposit, while mBank sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Phillip Nova at 3.39/5 and mBank at 3.27/5, 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…
- No per-trade commission
- Higher leverage (up to 1:20)
mBank
3.4/5
Choose mBank if you want…
- Tighter spreads (from 0 pips)
- More established (est. 2000)
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 & mBank are available in
Frequently Asked Questions
1Is Phillip Nova better than mBank?
Phillip Nova (3.4/5) and mBank (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.
2Which has lower fees, Phillip Nova or mBank?
Phillip Nova offers spreads from 0.6 pips, while mBank starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs mBank?
Phillip Nova requires a minimum deposit of $0. mBank requires $0.
4Which broker is safer, Phillip Nova or mBank?
Phillip Nova is regulated by MAS, while mBank holds licences from KNF.
5What trading platforms do Phillip Nova and mBank support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
6Can I use both Phillip Nova and mBank?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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