tastytrade
Phillip Nova
VS
Higher Rated
tastytrade
Capital at risk · T&Cs apply
Choosing between tastytrade and Phillip Nova depends on your trading style, preferred markets, and budget. tastytrade is headquartered in Chicago, USA, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to tastytrade which was founded in 2011. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
tastytrade
Phillip Nova
| tastytrade | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:2 | 1:20 ✓ |
| Regulation | SEC, CFTC ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
tastytrade is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, tastytrade offers lower spreads (0 pips).
See full side-by-side comparison belowtastytrade
WinnerPhillip Nova
tastytrade
Lower feesPhillip Nova
tastytrade holds licences from SEC, CFTC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Indices, Commodities markets. tastytrade additionally covers Stocks. Phillip Nova adds Cfd, Crypto.
On spreads, tastytrade is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
tastytrade supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
tastytrade requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes tastytrade accessible to traders with any budget.
BrokerRank scores tastytrade at 3.56/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. tastytrade leads overall with a clear advantage.
tastytrade
3.6/5
Choose tastytrade if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
tastytrade scores higher overall on our independent rating system. tastytrade holds a 3.6/5 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.
tastytrade offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
tastytrade requires a minimum deposit of $0. Phillip Nova requires $0.
tastytrade is regulated by SEC, CFTC, while Phillip Nova holds licences from MAS.
tastytrade supports 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.