ThinkMarkets
Phillip Nova
VS
Higher Rated
ThinkMarkets
Capital at risk · T&Cs apply
Choosing between ThinkMarkets and Phillip Nova depends on your trading style, preferred markets, and budget. ThinkMarkets is headquartered in London, UK, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to ThinkMarkets which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
ThinkMarkets
Phillip Nova
| ThinkMarkets | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | FCA, ASIC ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile, POEMS |
ThinkMarkets is the better choice overall, scoring 3.9/5 vs 3.4/5 on BrokerRank's independent rating. On fees, ThinkMarkets offers lower spreads (0 pips).
See full side-by-side comparison belowThinkMarkets
WinnerPhillip Nova
ThinkMarkets
Phillip Nova
ThinkMarkets holds licences from FCA, ASIC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. ThinkMarkets additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, ThinkMarkets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
ThinkMarkets requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes ThinkMarkets accessible to traders with any budget.
BrokerRank scores ThinkMarkets at 3.92/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. ThinkMarkets leads overall with a clear advantage.
ThinkMarkets
3.9/5
Choose ThinkMarkets if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
ThinkMarkets scores higher overall on our independent rating system. ThinkMarkets holds a 3.9/5 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.
ThinkMarkets offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
ThinkMarkets requires a minimum deposit of $0. Phillip Nova requires $0.
ThinkMarkets is regulated by FCA, ASIC, while Phillip Nova holds licences from MAS.
ThinkMarkets 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.