Phillip Nova
Sarwa
VS
Higher Rated
Phillip Nova
Capital at risk · T&Cs apply
Choosing between Phillip Nova and Sarwa depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while Sarwa operates from Dubai, UAE. Phillip Nova has the longer track record, established in 2005, compared to Sarwa which was founded in 2017. 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
Sarwa
| Phillip Nova | Sarwa | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.3/5 |
| Min. Deposit | $0 ✓ | $500 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:20 ✓ | 1:1 |
| Regulation | MAS | DFSA, SEC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile |
Phillip Nova is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Sarwa offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Nova
Sarwa
Phillip Nova
Sarwa
Lower feesPhillip Nova holds licences from MAS. Sarwa is regulated by SEC, DFSA.
Both brokers offer access to Crypto markets. Phillip Nova additionally covers Forex, Cfd, Indices, Commodities. Sarwa adds Etf, Stocks.
On spreads, Sarwa 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. Sarwa offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Phillip Nova requires no minimum deposit, while Sarwa sets a minimum deposit of $500. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Phillip Nova at 3.39/5 and Sarwa at 3.34/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Phillip Nova leads overall with a clear advantage.
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Sarwa
3.3/5
Choose Sarwa if you want…
Phillip Nova scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs Sarwa'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 Sarwa starts at 0 pips. Check the fees section above for a full breakdown.
Phillip Nova requires a minimum deposit of $0. Sarwa requires $500.
Phillip Nova is regulated by MAS, while Sarwa holds licences from DFSA, SEC.
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Sarwa supports Proprietary Web, Proprietary Mobile.
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.