Rakuten Securities vs Phillip Nova 2026: Which Broker is Better?
Choosing between Rakuten Securities and Phillip Nova depends on your trading style, preferred markets, and budget. Rakuten Securities is headquartered in Tokyo, Japan, while Phillip Nova operates from Singapore. Rakuten Securities 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.
Rakuten Securities
Phillip Nova
| Rakuten Securities | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:3 | 1:20 ✓ |
| Regulation | FSA | MAS |
| Platforms | Proprietary Web, Proprietary Mobile, MarketSpeed II | Proprietary Web, Proprietary Mobile, POEMS |
Rakuten Securities is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Rakuten Securities offers lower spreads (0 pips).
See full side-by-side comparison belowRakuten Securities vs Phillip Nova: Key Differences
Rakuten Securities
WinnerPhillip Nova
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Fees Comparison
Rakuten Securities
Lower feesPhillip Nova
Regulation & Trust
Rakuten Securities holds licences from FSA. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Crypto, Forex, Indices markets. Rakuten Securities additionally covers Stocks, Etf. Phillip Nova adds Cfd, Commodities.
Fees & Spreads
On spreads, Rakuten Securities is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Rakuten Securities supports Proprietary Web, Proprietary Mobile, MarketSpeed II. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Rakuten Securities requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes Rakuten Securities accessible to traders with any budget.
Overall Ratings
BrokerRank scores Rakuten Securities at 3.42/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Rakuten Securities leads overall with a marginal advantage.
BrokerRank Verdict
Who Should Choose Which?
Rakuten Securities
3.5/5
Choose Rakuten Securities if you want…
- Higher overall rating (3.5/5)
- Tighter spreads (from 0 pips)
- More established (est. 1999)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- Higher leverage (up to 1:20)
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 Rakuten Securities & Phillip Nova are available in
Frequently Asked Questions
1Is Rakuten Securities better than Phillip Nova?
Rakuten Securities scores higher overall on our independent rating system. Rakuten Securities holds a 3.5/5 rating vs Phillip Nova's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Rakuten Securities or Phillip Nova?
Rakuten Securities offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Rakuten Securities vs Phillip Nova?
Rakuten Securities requires a minimum deposit of $0. Phillip Nova requires $0.
4Which broker is safer, Rakuten Securities or Phillip Nova?
Rakuten Securities is regulated by FSA, while Phillip Nova holds licences from MAS.
5What trading platforms do Rakuten Securities and Phillip Nova support?
Rakuten Securities supports Proprietary Web, Proprietary Mobile, MarketSpeed II. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Rakuten Securities and Phillip Nova?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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