Phillip Nova vs Sarwa 2026: Which Broker is Better?
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 | 3.5/5 ✓ |
| 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 |
Sarwa is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Sarwa offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Nova vs Sarwa: Key Differences
Phillip Nova
Sarwa
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Fees Comparison
Phillip Nova
Sarwa
Lower feesRegulation & Trust
Phillip Nova holds licences from MAS. Sarwa is regulated by SEC, DFSA.
Markets & Assets
Both brokers offer access to Crypto markets. Phillip Nova additionally covers Forex, Cfd, Indices, Commodities. Sarwa adds Etf, Stocks.
Fees & Spreads
On spreads, Sarwa 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. Sarwa offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Nova requires no minimum deposit, while Sarwa sets a minimum deposit of $500. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No minimum deposit
- Higher leverage (up to 1:20)
- More market types (5)
- More established (est. 2005)
Sarwa
3.5/5
Choose Sarwa if you want…
- Higher overall rating (3.5/5)
- Tighter spreads (from 0 pips)
- More regulatory licences (2)
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 & Sarwa are available in
Frequently Asked Questions
1Is Phillip Nova better than Sarwa?
Sarwa scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs Sarwa's 3.5/5. 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 Sarwa?
Phillip Nova offers spreads from 0.6 pips, while Sarwa starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs Sarwa?
Phillip Nova requires a minimum deposit of $0. Sarwa requires $500.
4Which broker is safer, Phillip Nova or Sarwa?
Phillip Nova is regulated by MAS, while Sarwa holds licences from DFSA, SEC.
5What trading platforms do Phillip Nova and Sarwa support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Sarwa supports Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Nova and Sarwa?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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