Phillip Nova vs Spreadex 2026: Which Broker is Better?
Choosing between Phillip Nova and Spreadex depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while Spreadex operates from St Albans, UK. Spreadex has the longer track record, established in 1999, 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
Spreadex
| Phillip Nova | Spreadex | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0.6 pips |
| Max Leverage | 1:20 | 1:200 ✓ |
| Regulation | MAS | FCA |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile |
Phillip Nova (3.4/5) and Spreadex (3.4/5) are closely matched. Phillip Nova has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPhillip Nova vs Spreadex: Key Differences
Phillip Nova
Spreadex
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Fees Comparison
Phillip Nova
Spreadex
Regulation & Trust
Phillip Nova holds licences from MAS. Spreadex is regulated by FCA.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Phillip Nova additionally covers Crypto. Spreadex adds Stocks.
Fees & Spreads
On spreads, Phillip Nova is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.6 pips at Spreadex.
Trading Platforms
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Spreadex offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Nova requires no minimum deposit, while Spreadex 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 Spreadex at 3.35/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Phillip Nova leads overall with a marginal advantage.
BrokerRank Verdict
Who Should Choose Which?
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- More platforms (3 supported)
Spreadex
3.4/5
Choose Spreadex if you want…
- Higher leverage (up to 1:200)
- More established (est. 1999)
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 & Spreadex are available in
Frequently Asked Questions
1Is Phillip Nova better than Spreadex?
Phillip Nova (3.4/5) and Spreadex (3.4/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
2Which has lower fees, Phillip Nova or Spreadex?
Phillip Nova offers spreads from 0.6 pips, while Spreadex starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs Spreadex?
Phillip Nova requires a minimum deposit of $0. Spreadex requires $0.
4Which broker is safer, Phillip Nova or Spreadex?
Phillip Nova is regulated by MAS, while Spreadex holds licences from FCA.
5What trading platforms do Phillip Nova and Spreadex support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Spreadex supports Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Nova and Spreadex?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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