TMGM
Phillip Nova
VS
Higher Rated
TMGM
Capital at risk · T&Cs apply
Choosing between TMGM and Phillip Nova depends on your trading style, preferred markets, and budget. TMGM is headquartered in Melbourne, Australia, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to TMGM which was founded in 2013. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
TMGM
Phillip Nova
| TMGM | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | ASIC, FCA ✓ | MAS |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile, POEMS |
TMGM is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, TMGM offers lower spreads (0 pips).
See full side-by-side comparison belowTMGM
WinnerPhillip Nova
TMGM
Phillip Nova
TMGM holds licences from ASIC, FCA. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. TMGM additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, TMGM is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
TMGM supports MT4, MT5. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
TMGM requires a minimum deposit of $100, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores TMGM at 3.45/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. TMGM leads overall with a clear advantage.
TMGM
3.5/5
Choose TMGM if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
TMGM scores higher overall on our independent rating system. TMGM 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.
TMGM offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
TMGM requires a minimum deposit of $100. Phillip Nova requires $0.
TMGM is regulated by ASIC, FCA, while Phillip Nova holds licences from MAS.
TMGM supports MT4, MT5. 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.