Phillip Nova vs Nexo 2026: Which Broker is Better?
Choosing between Phillip Nova and Nexo depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while Nexo operates from London, UK. Phillip Nova has the longer track record, established in 2005, compared to Nexo which was founded in 2018. 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
Nexo
| Phillip Nova | Nexo | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.4/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:20 ✓ | 1:1 |
| Regulation | MAS | FCA |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile |
Phillip Nova (3.4/5) and Nexo (3.4/5) are closely matched. Nexo has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPhillip Nova vs Nexo: Key Differences
Phillip Nova
Nexo
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Fees Comparison
Phillip Nova
Nexo
Regulation & Trust
Phillip Nova holds licences from MAS. Nexo is regulated by FCA.
Markets & Assets
Both brokers offer access to Crypto markets. Phillip Nova additionally covers Forex, Cfd, Indices, Commodities.
Fees & Spreads
On spreads, Nexo 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. Nexo offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Nova requires no minimum deposit, while Nexo 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 Nexo at 3.18/5, 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)
- More market types (5)
- More established (est. 2005)
Nexo
3.4/5
Choose Nexo 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 & Nexo are available in
Frequently Asked Questions
1Is Phillip Nova better than Nexo?
Phillip Nova (3.4/5) and Nexo (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 Nexo?
Phillip Nova offers spreads from 0.6 pips, while Nexo starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs Nexo?
Phillip Nova requires a minimum deposit of $0. Nexo requires $0.
4Which broker is safer, Phillip Nova or Nexo?
Phillip Nova is regulated by MAS, while Nexo holds licences from FCA.
5What trading platforms do Phillip Nova and Nexo support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Nexo supports Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Nova and Nexo?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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