Skilling vs Phillip Nova 2026: Which Broker is Better?
Choosing between Skilling and Phillip Nova depends on your trading style, preferred markets, and budget. Skilling is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to Skilling which was founded in 2016. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Skilling
Phillip Nova
| Skilling | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.7 pips | 0.6 pips ✓ |
| Max Leverage | 1:30 ✓ | 1:20 |
| Regulation | CySEC, FSA ✓ | MAS |
| Platforms | Skilling Trader, cTrader, MT4 | Proprietary Web, Proprietary Mobile, POEMS |
Skilling is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Phillip Nova offers lower spreads (0.6 pips).
See full side-by-side comparison belowSkilling vs Phillip Nova: Key Differences
Skilling
Phillip Nova
WinnerStill deciding between Skilling and Phillip Nova?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
Skilling
Phillip Nova
Lower feesRegulation & Trust
Skilling holds licences from CySEC, FSA. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Forex, Indices, Commodities markets. Skilling additionally covers Stocks, Etf. Phillip Nova adds Cfd, Crypto.
Fees & Spreads
On spreads, Phillip Nova is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.7 pips at Skilling.
Trading Platforms
Skilling supports Skilling Trader, cTrader, MT4, Skilling App. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
Minimum Deposit
Skilling requires a minimum deposit of $100, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
Overall Ratings
BrokerRank scores Skilling at 3.45/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Skilling leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Skilling
3.5/5
Choose Skilling if you want…
- Higher overall rating (3.5/5)
- Higher leverage (up to 1:30)
- More regulatory licences (2)
- More market types (6)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- Tighter spreads (from 0.6 pips)
- No minimum deposit
- More established (est. 2005)
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 Skilling & Phillip Nova are available in
Frequently Asked Questions
1Is Skilling better than Phillip Nova?
Skilling scores higher overall on our independent rating system. Skilling 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, Skilling or Phillip Nova?
Skilling offers spreads from 0.7 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Skilling vs Phillip Nova?
Skilling requires a minimum deposit of $100. Phillip Nova requires $0.
4Which broker is safer, Skilling or Phillip Nova?
Skilling is regulated by CySEC, FSA, while Phillip Nova holds licences from MAS.
5What trading platforms do Skilling and Phillip Nova support?
Skilling supports Skilling Trader, cTrader, MT4, Skilling App. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Skilling and Phillip Nova?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Featured
Deriv
4.0Capital at risk · T&Cs apply
