XM
Phillip Nova
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Choosing between XM and Phillip Nova depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, compared to XM which was founded in 2009. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
XM
Phillip Nova
| XM | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.4/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.6 pips | 0.6 pips |
| Max Leverage | 1:1000 ✓ | 1:20 |
| Regulation | CySEC, ASIC, FCA ✓ | MAS |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, POEMS |
XM is the better choice overall, scoring 3.9/5 vs 3.4/5 on BrokerRank's independent rating. On fees, XM offers lower spreads (0.6 pips).
See full side-by-side comparison belowXM
WinnerPhillip Nova
XM
Phillip Nova
XM holds licences from ASIC, FCA, CySEC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. XM additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, XM is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.6 pips at Phillip Nova.
XM supports MT4, MT5, Proprietary Mobile. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS. Both brokers are available on Proprietary Mobile.
XM requires a minimum deposit of $5, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores XM at 3.92/5 and Phillip Nova at 3.39/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a clear advantage.
XM
3.9/5
Choose XM if you want…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
XM scores higher overall on our independent rating system. XM 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.
XM offers spreads from 0.6 pips, while Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. Phillip Nova requires $0.
XM is regulated by CySEC, ASIC, FCA, while Phillip Nova holds licences from MAS.
XM supports MT4, MT5, 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.