Phillip Nova vs Upbit 2026: Which Broker is Better?
Choosing between Phillip Nova and Upbit depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while Upbit operates from Seoul, South Korea. Phillip Nova has the longer track record, established in 2005, compared to Upbit 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
Upbit
| Phillip Nova | Upbit | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 4.2/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:20 ✓ | 1:1 |
| Regulation | MAS | FSC, MAS ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile |
Upbit is the better choice overall, scoring 4.2/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Upbit offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Nova vs Upbit: Key Differences
Phillip Nova
Upbit
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Fees Comparison
Phillip Nova
Upbit
Regulation & Trust
Phillip Nova holds licences from MAS. Upbit is regulated by MAS, FSC.
Markets & Assets
Both brokers offer access to Crypto markets. Phillip Nova additionally covers Forex, Cfd, Indices, Commodities.
Fees & Spreads
On spreads, Upbit 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. Upbit offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Phillip Nova requires no minimum deposit, while Upbit 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 Upbit at 3.18/5, 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 per-trade commission
- Higher leverage (up to 1:20)
- More market types (5)
- More established (est. 2005)
Upbit
4.2/5
Choose Upbit if you want…
- Higher overall rating (4.2/5)
- 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 & Upbit are available in
Frequently Asked Questions
1Is Phillip Nova better than Upbit?
Upbit scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs Upbit's 4.2/5. 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 Upbit?
Phillip Nova offers spreads from 0.6 pips, while Upbit starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs Upbit?
Phillip Nova requires a minimum deposit of $0. Upbit requires $0.
4Which broker is safer, Phillip Nova or Upbit?
Phillip Nova is regulated by MAS, while Upbit holds licences from FSC, MAS.
5What trading platforms do Phillip Nova and Upbit support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Upbit supports Proprietary Web, Proprietary Mobile.
6Can I use both Phillip Nova and Upbit?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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