Swissquote
Phillip Nova
VS
Higher Rated
Swissquote
Capital at risk · T&Cs apply
Choosing between Swissquote and Phillip Nova depends on your trading style, preferred markets, and budget. Swissquote is headquartered in Gland, Switzerland, while Phillip Nova operates from Singapore. Swissquote has the longer track record, established in 1996, 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.
Swissquote
Phillip Nova
| Swissquote | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.4/5 |
| Min. Deposit | $1000 | $0 ✓ |
| Spread from | 1.3 pips | 0.6 pips ✓ |
| Max Leverage | 1:100 ✓ | 1:20 |
| Regulation | FCA, MAS ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile, POEMS |
Swissquote is the better choice overall, scoring 3.8/5 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 belowSwissquote
Phillip Nova
Swissquote
Phillip Nova
Lower feesSwissquote holds licences from FCA, MAS. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Crypto, Indices markets. Swissquote additionally covers Stocks. Phillip Nova adds Commodities.
On spreads, Phillip Nova is more competitive with EUR/USD spreads from 0.6 pips, compared to 1.3 pips at Swissquote.
Swissquote supports MT4, MT5, Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Swissquote requires a minimum deposit of $1,000, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Swissquote at 3.80/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Swissquote leads overall with a clear advantage.
Swissquote
3.8/5
Choose Swissquote if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Swissquote scores higher overall on our independent rating system. Swissquote holds a 3.8/5 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.
Swissquote offers spreads from 1.3 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Swissquote requires a minimum deposit of $1000. Phillip Nova requires $0.
Swissquote is regulated by FCA, MAS, while Phillip Nova holds licences from MAS.
Swissquote supports MT4, MT5, Proprietary Web, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.