Trading 212
Phillip Nova
VS
Higher Rated
Trading 212
Capital at risk · T&Cs apply
Choosing between Trading 212 and Phillip Nova depends on your trading style, preferred markets, and budget. Trading 212 is headquartered in London, UK, while Phillip Nova operates from Singapore. Trading 212 has the longer track record, established in 2004, 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.
Trading 212
Phillip Nova
| Trading 212 | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $1 | $0 ✓ |
| Spread from | 0.5 pips ✓ | 0.6 pips |
| Max Leverage | 1:30 ✓ | 1:20 |
| Regulation | FCA, CySEC ✓ | MAS |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
Trading 212 is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Trading 212 offers lower spreads (0.5 pips).
See full side-by-side comparison belowTrading 212
WinnerPhillip Nova
Trading 212
Lower feesPhillip Nova
Trading 212 holds licences from FCA, CySEC. Phillip Nova is regulated by MAS.
Both brokers offer access to Cfd, Forex, Indices, Commodities markets. Trading 212 additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, Trading 212 is more competitive with EUR/USD spreads from 0.5 pips, compared to 0.6 pips at Phillip Nova.
Trading 212 supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Trading 212 requires a minimum deposit of $1, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Trading 212 at 3.57/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Trading 212 leads overall with a clear advantage.
Trading 212
3.6/5
Choose Trading 212 if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Trading 212 scores higher overall on our independent rating system. Trading 212 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.
Trading 212 offers spreads from 0.5 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Trading 212 requires a minimum deposit of $1. Phillip Nova requires $0.
Trading 212 is regulated by FCA, CySEC, while Phillip Nova holds licences from MAS.
Trading 212 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.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.