Phillip Nova

Phillip Nova Information

Phillip Nova is a regulated broker based in Singapore, authorized by the Monetary Authority of Singapore (MAS). It offers seven types of trading instruments, including CFDs, forex, cryptocurrencies, stocks, and ETFs. The platform supports Phillip MT5, TradingView, and its proprietary platform, but does not support MT4 and has not provide its fee information.

Pros and Cons

Is Phillip Nova Legit ?

Phillip Nova is regulated by the Monetary Authority of Singapore (MAS) with a Retail Forex License. The license number has not been released.

What Can I Trade on Phillip Nova?

Phillip Nova offers seven types of trading instruments: CFDs, commodities, forex, gold & silver, indices, cryptocurrencies, stocks, and ETFs.

Account Type

Phillip Nova offers three main account types.

Multi Asset Account (Phillip Nova 2.0) – Provides access to a broad range of asset classes including CFDs, Daily Leverage Certificates (DLCs), ETFs, Forex and Precious Metals, Futures & Options, Stocks, and Structured Warrants.

Forex and CFD Account (Phillip MT5) – Focused on CFD trading, this account also allows trading in Forex, Precious Metals, and selected stocks through the MetaTrader 5 platform.

Stocks Only Access Account (Phillip Nova) – Designed for investors interested solely in ETFs and Stocks, offering simplified access to equity markets.

Trading Platform

Phillip Nova offers three trading platforms: Phillip MetaTrader 5, TradingView, and the proprietary Phillip Nova platform.

Deposit and Withdrawal

Phillip Nova does not require a minimum first-time deposit for individual or joint accounts. However, corporate accounts must meet a minimum deposit of SGD 30,000 if incorporated in Singapore or Malaysia, and USD 50,000 if incorporated elsewhere.