Phillip Nova vs Weltrade 2026: Which Broker is Better?
Choosing between Phillip Nova and Weltrade depends on your trading style, preferred markets, and budget. Phillip Nova is headquartered in Singapore, while Weltrade operates from Limassol, Cyprus. Phillip Nova has the longer track record, established in 2005, compared to Weltrade which was founded in 2006. 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
Weltrade
| Phillip Nova | Weltrade | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.2/5 |
| Min. Deposit | $0 ✓ | $25 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:20 | 1:1000 ✓ |
| Regulation | MAS | FSA |
| Platforms | Proprietary Web, Proprietary Mobile, POEMS | MT4, MT5 |
Phillip Nova is the better choice overall, scoring 3.4/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Weltrade offers lower spreads (0 pips).
See full side-by-side comparison belowPhillip Nova vs Weltrade: Key Differences
Phillip Nova
WinnerWeltrade
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Fees Comparison
Phillip Nova
Weltrade
Lower feesRegulation & Trust
Phillip Nova holds licences from MAS. Weltrade is regulated by FSA.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities, Crypto markets.
Fees & Spreads
On spreads, Weltrade 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. Weltrade offers MT4, MT5.
Minimum Deposit
Phillip Nova requires no minimum deposit, while Weltrade sets a minimum deposit of $25. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Phillip Nova at 3.39/5 and Weltrade 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…
- Higher overall rating (3.4/5)
- No minimum deposit
- More established (est. 2005)
- More platforms (3 supported)
Weltrade
3.2/5
Choose Weltrade if you want…
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:1000)
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 & Weltrade are available in
Frequently Asked Questions
1Is Phillip Nova better than Weltrade?
Phillip Nova scores higher overall on our independent rating system. Phillip Nova holds a 3.4/5 rating vs Weltrade's 3.2/5. 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 Weltrade?
Phillip Nova offers spreads from 0.6 pips, while Weltrade starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phillip Nova vs Weltrade?
Phillip Nova requires a minimum deposit of $0. Weltrade requires $25.
4Which broker is safer, Phillip Nova or Weltrade?
Phillip Nova is regulated by MAS, while Weltrade holds licences from FSA.
5What trading platforms do Phillip Nova and Weltrade support?
Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS. Weltrade supports MT4, MT5.
6Can I use both Phillip Nova and Weltrade?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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