Score
Singapore
|
Above 20 years
| https://www.phillipnova.com.sg/
Website
Rating Index
MT4/5
Full License
PhillipNova-Demo
Influence
C
Influence index NO.1
Singapore 3.76
MT4/5 Identification
Full License
SingaporeInfluence
C
Influence index NO.1
Singapore 3.76
LicensesLicensed Entity：PHILLIP NOVA PTE. LTD
License No. Unreleased
Single Core
1G
40G
1M*ADSL
Singapore
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
WikiResearch
phillipfutures.com.sg United States
VIP is not activated.
| Phillip Nova Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Singapore |
| Regulation | MAS |
| Market Instruments | CFDs, commodities, forex, gold & silver, indices, cryptocurrencies, stocks, ETFs |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | MetaTrader 5, TradingView, Phillip Nova |
| Minimum Deposit | 0 |
| Customer Support | Phone: +65 6538 0500 |
| Email: nova@phillip.com.sg | |
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, commodities, forex, gold & silver, indices, cryptocurrencies, stocks, and ETFs. The platform supports Phillip MT5, TradingView, and its proprietary platform.
| Pros | Cons |
| Regulated by MAS | Unclear fee structure |
| Various trading instruments | |
| Demo accounts available | |
| Multiple account types | |
| MT5 provided | |
| No minimum deposit |
Phillip Nova is regulatedby the Monetary Authority of Singapore (MAS) with a Retail Forex License.
| Regulatory Authority | Monetary Authority of Singapore (MAS) |
| Regulatory Status | Regulated |
| Regulated by | Singapore |
| Licensed Institution | PHILLIP NOVA PTE. LTD |
| Licensed Type | Retail Forex License |
| Licensed Number | Unreleased |
Phillip Nova offers seven types of trading instruments: CFDs, commodities, forex, gold & silver, indices, cryptocurrencies, stocks, and ETFs.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Commodities | ✔ |
| Forex | ✔ |
| Gold & silver | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
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.
Phillip Nova offers three trading platforms: Phillip MetaTrader 5, TradingView, and the proprietary Phillip Nova platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 5 | ✔ | Desktop, Mobile | Experienced traders |
| TradingView | ✔ | Web, Mobile | / |
| Phillip Nova | ✔ | Web, Desktop | / |
| MT4 | ❌ | / | Beginners |
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.
My withdrawals usually arrived in 2–3 business days, which is decent. However, the exact timing depends on the payment method and bank processing.
Honestly, when doing my phillip nova review, I found that the broker doesn’t clearly list all its fees upfront, such as spreads, phillip nova commissions, and swap rates. I usually contact support to confirm before trading.
From my experience, Phillip Nova is safe and legitimate. It holds a MAS Retail Forex License, which means client funds are segregated, and anti-money laundering standards are enforced. That said, no trading is risk-free, so I always keep risk management in mind.
Yes, some markets — especially stocks and CFDs — come with commissions. The exact amount depends on the phillip nova account type and the asset traded.
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XGOLD
Philippines
While Phillip Nova offers a solid trading experience, users should be mindful of potential drawbacks, including limited fee transparency and the need to contact different support desks. Despite these, it remains a reliable and user-friendly platform.
Neutral
Austina
Colombia
Phillip Nova has truly enriched my trading journey with its diverse range of market instruments and trading accounts. The platform's flexibility, offering various trading platforms like CQG, Trading Technologies, MetaTrader 5, and their own proprietary platform, caters to traders of all styles. The educational resources, from webinars to market trend reports, have been instrumental in boosting my trading knowledge. A reliable choice for those seeking a dynamic and comprehensive trading experience.
Neutral
健康咨询与服务-格格
Singapore
Phillip Nova is a trustworthy company especially for me because for 5 years I’m doing trading with this broker and they support me... Thanks for their excellent service.
Positive
登高山赏远景
Malaysia
From their webiste, I read that the minimum account opening amount is $30,000 for investors in Singapore/Malaysia, while $50,000 for investors in other regions. Crazy amount!
Neutral
Mason_st
United Kingdom
Haven’t tried this broker yet, it does offer a series of trading instruments to trade, with minimum deposit, fee structure undisclosed, it makes trading environment on this platform quite non-transparent…
Neutral