Trading 212 vs Phillip Nova 2026: Which Broker is Better?
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 vs Phillip Nova: Key Differences
Trading 212
WinnerPhillip Nova
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Fees Comparison
Trading 212
Lower feesPhillip Nova
Regulation & Trust
Trading 212 holds licences from FCA, CySEC. Phillip Nova is regulated by MAS.
Markets & Assets
Both brokers offer access to Cfd, Forex, Indices, Commodities markets. Trading 212 additionally covers Stocks. Phillip Nova adds Crypto.
Fees & Spreads
On spreads, Trading 212 is more competitive with EUR/USD spreads from 0.5 pips, compared to 0.6 pips at Phillip Nova.
Trading Platforms
Trading 212 supports Proprietary Web, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
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.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
Trading 212
3.6/5
Choose Trading 212 if you want…
- Higher overall rating (3.6/5)
- Tighter spreads (from 0.5 pips)
- Higher leverage (up to 1:30)
- More regulatory licences (2)
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
- No minimum deposit
- More platforms (3 supported)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Trading 212 & Phillip Nova are available in
Frequently Asked Questions
1Is Trading 212 better than Phillip Nova?
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.
2Which has lower fees, Trading 212 or Phillip Nova?
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.
3What is the minimum deposit for Trading 212 vs Phillip Nova?
Trading 212 requires a minimum deposit of $1. Phillip Nova requires $0.
4Which broker is safer, Trading 212 or Phillip Nova?
Trading 212 is regulated by FCA, CySEC, while Phillip Nova holds licences from MAS.
5What trading platforms do Trading 212 and Phillip Nova support?
Trading 212 supports Proprietary Web, Proprietary Mobile. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
6Can I use both Trading 212 and Phillip Nova?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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