Phillip Nova vs OANDA 2026: Which Broker is Better?
Compare Phillip Nova and OANDA side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phillip Nova
OANDA
| Phillip Nova | OANDA | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 4.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0.6 pips |
| Max Leverage | 1:20 | 1:50 ✓ |
| Regulation | MAS | CFTC, FCA, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.3/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Phillip Nova offers lower spreads (0.6 pips).
See full side-by-side comparison belowPhillip Nova vs OANDA: Key Differences
Phillip Nova
OANDA
WinnerStill deciding between Phillip Nova and OANDA?
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Fees Comparison
Phillip Nova
OANDA
BrokerRank Verdict
Phillip Nova scores 3.39/5 while OANDA scores 4.34/5 in our independent rating.
OANDA edges ahead overall, but Phillip Nova may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- More market types (5)
OANDA
4.3/5
Choose OANDA if you want…
- Higher overall rating (4.3/5)
- Higher leverage (up to 1:50)
- More regulatory licences (7)
- More established (est. 1996)
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 & OANDA are available in
Frequently Asked Questions
1Is Phillip Nova better than OANDA?
OANDA scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs OANDA's 4.3/5. 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 OANDA?
Phillip Nova offers spreads from 0.6 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs OANDA?
Phillip Nova requires a minimum deposit of $0. OANDA requires $0.
4Which broker is safer, Phillip Nova or OANDA?
Phillip Nova is regulated by MAS, while OANDA holds licences from CFTC, FCA, ASIC, MAS, CIRO, BVI FSC, KNF.
5What trading platforms do Phillip Nova and OANDA support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Nova and OANDA?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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BrokerRank Research
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58% of Brokers Hold a Single Licence
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71% of Retail Traders Lose Money
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76% of Brokers Use Proprietary Platforms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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