Phillip Nova
mBank
VS
Higher Rated
Phillip Nova
Capital at risk · T&Cs apply
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 is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, mBank offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Phillip Nova
3.4 vs 3.3
Lowest Fees
mBank
0.6 vs 0 pips
Regulation
Tied
1 vs 1 licences
Min. Deposit
Tied
$0 vs $0
Phillip Nova
WinnermBank
Phillip Nova
mBank
Phillip Nova holds licences from MAS. mBank is regulated by KNF.
Both brokers offer access to Forex, Cfd, Indices markets. Phillip Nova additionally covers Commodities, Crypto. mBank adds Stocks, Etf.
On spreads, mBank is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
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.
Phillip Nova requires no minimum deposit, while mBank sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
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.
Phillip Nova scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs mBank's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Phillip Nova offers spreads from 0.6 pips, while mBank starts at 0 pips. Check the fees section above for a full breakdown.
Phillip Nova requires a minimum deposit of $0. mBank requires $0.
Phillip Nova is regulated by MAS, while mBank holds licences from KNF.
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
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.