TradeStation
Phillip Nova
VS
Higher Rated
TradeStation
Capital at risk · T&Cs apply
Choosing between TradeStation and Phillip Nova depends on your trading style, preferred markets, and budget. TradeStation is headquartered in Plantation, USA, while Phillip Nova operates from Singapore. TradeStation has the longer track record, established in 1982, 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.
TradeStation
Phillip Nova
| TradeStation | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:4 | 1:20 ✓ |
| Regulation | SEC, CFTC ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
TradeStation is the better choice overall, scoring 3.8/5 vs 3.4/5 on BrokerRank's independent rating. On fees, TradeStation offers lower spreads (0 pips).
See full side-by-side comparison belowTradeStation
WinnerPhillip Nova
TradeStation
Lower feesPhillip Nova
TradeStation holds licences from SEC, CFTC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Indices, Commodities, Crypto markets. TradeStation additionally covers Stocks. Phillip Nova adds Cfd.
On spreads, TradeStation is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at Phillip Nova.
TradeStation supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
TradeStation requires no minimum deposit, while Phillip Nova sets no minimum deposit. This makes TradeStation accessible to traders with any budget.
BrokerRank scores TradeStation at 3.80/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. TradeStation leads overall with a clear advantage.
TradeStation
3.8/5
Choose TradeStation if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
TradeStation scores higher overall on our independent rating system. TradeStation 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.
TradeStation offers spreads from 0 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
TradeStation requires a minimum deposit of $0. Phillip Nova requires $0.
TradeStation is regulated by SEC, CFTC, while Phillip Nova holds licences from MAS.
TradeStation 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.