Phillip Nova vs SoFi Invest 2026: Which Broker is Better?
Choosing between Phillip Nova and SoFi Invest depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while SoFi Invest operates from San Francisco, USA. Phillip Nova has the longer track record, established in 2005, compared to SoFi Invest which was founded in 2012. 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
SoFi Invest
| Phillip Nova | SoFi Invest | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.3/5 |
| Min. Deposit | $0 ✓ | $1 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:20 ✓ | 1:1 |
| Regulation | MAS | 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, SoFi Invest offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Nova vs SoFi Invest: Key Differences
Phillip Nova
WinnerSoFi Invest
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Fees Comparison
Phillip Nova
SoFi Invest
Lower feesRegulation & Trust
Phillip Nova holds licences from MAS. SoFi Invest is regulated by SEC.
Markets & Assets
Both brokers offer access to Indices, Crypto markets. Phillip Nova additionally covers Forex, Cfd, Commodities. SoFi Invest adds Stocks.
Fees & Spreads
On spreads, SoFi Invest 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. SoFi Invest offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Nova requires no minimum deposit, while SoFi Invest sets a minimum deposit of $1. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Phillip Nova at 3.39/5 and SoFi Invest at 3.33/5, 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)
- No minimum deposit
- Higher leverage (up to 1:20)
- More market types (5)
SoFi Invest
3.3/5
Choose SoFi Invest 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.
Frequently Asked Questions
1Is Phillip Nova better than SoFi Invest?
Phillip Nova scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs SoFi Invest'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 SoFi Invest?
Phillip Nova offers spreads from 0.6 pips, while SoFi Invest starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs SoFi Invest?
Phillip Nova requires a minimum deposit of $0. SoFi Invest requires $1.
4Which broker is safer, Phillip Nova or SoFi Invest?
Phillip Nova is regulated by MAS, while SoFi Invest holds licences from SEC.
5What trading platforms do Phillip Nova and SoFi Invest support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. SoFi Invest supports Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Nova and SoFi Invest?
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.
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