PN
Phillip Nova
3.4 / 5Score: 3 / 4
A tier-1 MAS-regulated multi-asset broker offering zero commissions across forex, CFDs, indices, commodities, and crypto.
- Min deposit
- $0
- Max leverage
- 1:20
- Spread from
- 0.6 pips
- Regulators
- MAS
Reviewed by Experts Updated 10/18/2026
Phillip Nova vs EasyEquities: Which Broker Wins in 2026?
Phillip Nova and EasyEquities serve very different trading needs, but only one comes out ahead on our overall rating. Phillip Nova edges out with a 3.4/5 score versus EasyEquities's 3.2/5, thanks to stronger regulation and a broader market suite. Here's exactly how they stack up.
E
EasyEquities
3.2 / 5Score: 1 / 4
A low-cost, equity-focused investment platform built for stock and ETF investors who want tight spreads without complexity.
- Min deposit
- $0
- Max leverage
- 1:1
- Spread from
- 0 pips
- Regulators
- FSCA
Overall Winner
Phillip Nova
Best for Beginners
Phillip Nova
Lowest Fees
EasyEquities
Top Regulation
Phillip Nova
Side-by-side comparison
Core features compared head-to-head.
| Feature | PN Phillip Nova | E EasyEquities |
|---|---|---|
| Overview | ||
| Rating | 3.4 / 5 | 3.2 / 5 |
| Founded | 2005 | 2014 |
| Headquarters | Singapore | Johannesburg, South Africa |
| Regulation | MAS | FSCA |
| Fees & Limits | ||
| Min Deposit | $0 | $0 |
| Spreads From | 0.6 pips | 0 pips |
| Commission | None | $0.25/lot |
| Max Leverage | 1:20 | 1:1 |
| Platforms & Markets | ||
| Trading Platforms | Proprietary Web, Proprietary Mobile, POEMS | Proprietary Web, Proprietary Mobile |
| Markets Offered | Forex, Cfd, Indices, Commodities, Crypto | Stocks, Etf, Crypto |
Trading & non-trading fees
Min Deposit
Phillip Nova
$0
EasyEquities
$0
Spreads From
Phillip Nova
0.6 pips
EasyEquities
0 pips
Commission
Phillip Nova
None
EasyEquities
$0.25/lot
Deposit Fees
Phillip Nova
None
EasyEquities
None
Withdrawal Fees
Phillip Nova
None
EasyEquities
None
Pros & cons
PN
Phillip Nova
Pros
- Backed by a stronger tier-1 regulator (MAS) for enhanced trader protection
- No commission charged on trades, simplifying cost calculations
- Higher available leverage of up to 1:20 for active traders
- Broader market access spanning five distinct asset classes
- Access to three separate trading platforms including the POEMS terminal
- Long operating track record dating back to 2005
- No deposit or withdrawal fees
Cons
- Spreads start higher at 0.6 pips compared to competitors
- Leverage of 1:20 is lower than some offshore forex brokers offer
- Platform suite may feel more complex for first-time traders
- No dedicated MetaTrader 4 or 5 support mentioned
- Zero-commission model may not suit every trading strategy
E
EasyEquities
Pros
- Tighter headline spreads starting from 0 pips
- No minimum deposit required to start investing
- Simple, easy-to-navigate platform suite for beginners
- No deposit or withdrawal fees
- Locally trusted FSCA regulation for South African investors
Cons
- Lower overall rating of 3.2/5 compared to Phillip Nova's 3.4/5
- Regulated only by FSCA, a less rigorous tier-2 style regulator
- Leverage capped at just 1:1, limiting flexibility for active traders
- Charges a per-lot commission of $0.25 despite low headline spreads
- Narrower market range with no forex, CFD, indices, or commodities access
Our expert verdict
Editor's verdict
Overall winner Phillip Nova
Lowest fees EasyEquities
Best regulation Phillip Nova
Better for beginners Phillip Nova
Phillip Nova is our recommended pick overall, scoring 3.4/5 against EasyEquities's 3.2/5 on our independent rating. Phillip Nova's tier-1 MAS licence, commission-free trading, and wider market access (forex, CFDs, indices, commodities, and crypto) give it the edge for most multi-asset traders. EasyEquities still wins on raw spread cost, with pricing from 0 pips versus Phillip Nova's 0.6 pips, making it worth a look for cost-focused equity investors. But for traders wanting a well-rounded, strongly regulated broker, Phillip Nova is the stronger overall package.
Regulation & Safety
Regulatory strength is often the single most important factor for traders choosing between two brokers, and here Phillip Nova has a clear advantage. Phillip Nova is regulated by the Monetary Authority of Singapore (MAS), widely regarded as one of the strictest tier-1 financial regulators in Asia. This gives traders added confidence around fund segregation, capital adequacy, and operational oversight.
EasyEquities, by contrast, is regulated by South Africa's FSCA (Financial Sector Conduct Authority). While the FSCA is a legitimate and respected regulator within its jurisdiction, it is generally viewed as offering a less rigorous oversight framework compared to MAS when benchmarked against global tier-1 standards.
Neither broker charges deposit or withdrawal fees, which is a positive for both platforms from a cost-transparency standpoint. However, when it comes purely to regulatory weight, Phillip Nova's MAS licence is the more reassuring credential for traders prioritizing capital safety.
Fees, Spreads & Commissions
Cost structure is where EasyEquities claws back some ground. EasyEquities advertises spreads starting from 0 pips, undercutting Phillip Nova's spreads which start from 0.6 pips. On paper, this makes EasyEquities the cheaper option for pure spread-based trading costs.
However, the full cost picture is more nuanced. EasyEquities charges a commission of $0.25 per lot, whereas Phillip Nova charges no per-trade commission at all. Depending on your trading volume and strategy, Phillip Nova's zero-commission model could end up being more cost-effective overall, especially for active traders executing frequent trades.
Both brokers keep deposit and withdrawal fees at zero, and both have a $0 minimum deposit requirement, which lowers the barrier to entry for new traders on either platform. Ultimately, cost-conscious investors should calculate their expected trade frequency and volume before assuming EasyEquities is automatically cheaper.
Trading Platforms & Tools
Phillip Nova offers a more extensive platform suite, including its Proprietary Web platform, a Proprietary Mobile app, and the POEMS platform — giving traders three distinct ways to access the markets depending on their device and workflow preferences.
EasyEquities keeps things simpler with just a Proprietary Web platform and a Proprietary Mobile app. This streamlined approach may suit traders who prefer a straightforward, no-frills interface without the complexity of multiple platform options.
For traders who value flexibility and want access to a dedicated professional-grade terminal like POEMS alongside everyday web and mobile access, Phillip Nova's broader platform ecosystem is the more capable setup.
Market Access & Product Range
Phillip Nova supports a considerably wider range of asset classes, including Forex, CFDs, Indices, Commodities, and Crypto. This makes it a strong fit for multi-asset traders who want to diversify across different instrument types from a single account.
EasyEquities, on the other hand, focuses on Stocks, ETFs, and Crypto. This narrower but equity-centric offering is well-suited to long-term investors and those specifically interested in building a stock or ETF portfolio rather than trading leveraged derivatives.
Leverage also differs significantly between the two. Phillip Nova offers leverage up to 1:20, giving active traders more flexibility for leveraged positions, while EasyEquities caps leverage at 1:1, reflecting its more conservative, investment-oriented product set.
Company Background & Track Record
Phillip Nova has been operating since 2005 and is headquartered in Singapore, giving it over two decades of industry presence and a long operating history in the region's financial hub.
EasyEquities was founded more recently in 2014 and is headquartered in Johannesburg, South Africa. While younger, it has built a notable reputation within the South African retail investing community.
Longevity isn't everything, but Phillip Nova's extended track record in a major financial centre like Singapore adds an additional layer of institutional credibility to its overall profile.
Our Verdict
When weighing all factors together — regulation, fees, platforms, and market range — Phillip Nova comes out on top with an overall rating of 3.4/5 compared to EasyEquities's 3.2/5. Its MAS licence, zero-commission structure, broader market selection, and multi-platform access make it the stronger all-around choice for most traders.
EasyEquities remains a credible option, particularly for cost-sensitive equity and ETF investors who value tight spreads and don't need leveraged forex or CFD exposure. Its simplicity and focus on stocks make it a solid niche pick.
Ultimately, the right broker depends on your trading goals: choose Phillip Nova for diversified, multi-asset trading with stronger regulatory backing, or EasyEquities if your focus is purely low-cost stock and ETF investing.
Verdict summary
The bottom line — category winners and our final pick based on ratings.
Editor's verdict
Phillip Nova wins overall
Phillip Nova edges out EasyEquities overall based on our expert rating score.
PN
Highest Rated
Phillip Nova
3.4 / 5 / 5
Category winners
Overall winner
Based on overall expert rating (3.4/5).
Phillip NovaBetter for beginners
Stronger onboarding and educational resources.
Phillip NovaLower trading costs
More competitive spreads and baseline commissions.
EasyEquitiesStronger regulation
Higher trust based on tier-1 regulatory oversight.
Phillip Nova
Frequently asked questions
Based on our independent rating system, Phillip Nova scores higher overall at 3.4/5 compared to EasyEquities's 3.2/5. Phillip Nova's stronger tier-1 MAS regulation, zero-commission trading, and broader multi-asset market access contribute to its higher rating, though the best choice ultimately depends on your individual trading style and goals.
EasyEquities advertises tighter headline spreads starting from 0 pips compared to Phillip Nova's spreads from 0.6 pips, but EasyEquities also charges a $0.25 per-lot commission while Phillip Nova charges no commission at all. Depending on your trade frequency and volume, Phillip Nova's zero-commission structure could end up being the more cost-effective option overall.
Both brokers have a $0 minimum deposit requirement, making it easy for traders to open an account and start with whatever capital they're comfortable committing initially.
Phillip Nova is regulated by Singapore's MAS, a respected tier-1 financial regulator known for strict oversight standards. EasyEquities is regulated by South Africa's FSCA, which is a legitimate but generally less rigorous regulatory body compared to MAS, making Phillip Nova the stronger choice for regulatory peace of mind.
Phillip Nova provides three platform options: a Proprietary Web platform, a Proprietary Mobile app, and the POEMS trading terminal. EasyEquities offers a simpler two-platform setup consisting of its Proprietary Web platform and Proprietary Mobile app.
Phillip Nova supports a wide range of markets including Forex, CFDs, Indices, Commodities, and Crypto, making it suitable for diversified multi-asset trading. EasyEquities focuses specifically on Stocks, ETFs, and Crypto, catering more to long-term equity investors than leveraged traders.
Yes, there is nothing preventing you from holding accounts at both brokers simultaneously. Many traders diversify across multiple platforms to access different markets, tools, and pricing structures depending on their specific strategy.
Phillip Nova offers leverage of up to 1:20, giving active traders more flexibility when sizing leveraged positions. EasyEquities caps leverage at 1:1, reflecting its more conservative, investment-focused product offering centered on stocks and ETFs.
Phillip Nova is generally considered the stronger choice for beginners due to its higher overall rating, stronger regulatory backing, and zero-commission trading structure. That said, EasyEquities's simple two-platform setup and $0 minimum deposit also make it approachable for newcomers focused purely on stock and ETF investing.
No, neither Phillip Nova nor EasyEquities charges deposit or withdrawal fees, making both platforms transparent and cost-friendly when it comes to moving funds in and out of your trading account.
Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.