Phillip Nova vs SBI Securities 2026: Which Broker is Better?
Choosing between Phillip Nova and SBI Securities depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while SBI Securities operates from Tokyo, Japan. SBI Securities has the longer track record, established in 1944, 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
SBI Securities
| Phillip Nova | SBI Securities | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.3/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:20 ✓ | 1:3 |
| Regulation | MAS | FSA |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile, HyperSBI 2 |
Phillip Nova is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, SBI Securities offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Nova vs SBI Securities: Key Differences
Phillip Nova
WinnerSBI Securities
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Fees Comparison
Phillip Nova
SBI Securities
Lower feesRegulation & Trust
Phillip Nova holds licences from MAS. SBI Securities is regulated by FSA.
Markets & Assets
Both brokers offer access to Indices, Crypto markets. Phillip Nova additionally covers Forex, Cfd, Commodities. SBI Securities adds Stocks, Etf.
Fees & Spreads
On spreads, SBI Securities 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. SBI Securities offers Proprietary Web, Proprietary Mobile, HyperSBI 2. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Nova requires no minimum deposit, while SBI Securities 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 SBI Securities at 3.21/5, 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…
- Higher overall rating (3.4/5)
- Higher leverage (up to 1:20)
- More market types (5)
SBI Securities
3.3/5
Choose SBI Securities if you want…
- Tighter spreads (from 0 pips)
- More established (est. 1944)
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 & SBI Securities are available in
Frequently Asked Questions
1Is Phillip Nova better than SBI Securities?
Phillip Nova scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs SBI Securities's 3.3/5. 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 SBI Securities?
Phillip Nova offers spreads from 0.6 pips, while SBI Securities starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs SBI Securities?
Phillip Nova requires a minimum deposit of $0. SBI Securities requires $0.
4Which broker is safer, Phillip Nova or SBI Securities?
Phillip Nova is regulated by MAS, while SBI Securities holds licences from FSA.
5What trading platforms do Phillip Nova and SBI Securities support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. SBI Securities supports Proprietary Web, Proprietary Mobile, HyperSBI 2.
6Can I use both Phillip Nova and SBI Securities?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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