CMC MARKETS vs Phillip Nova
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safety & Trust
Scam-risk scoreⓘ lower = safer
20
✓10
Verdict
Low risk
Low risk
Regulatedⓘ
Yes
Yes
Licenses
✓6
1
Tier-1 regulatorsⓘ
✓5
1
Trustpilot score
4.2
—
Reviews collected
3351
—
Exit riskⓘ lower = safer
Guarded
—
Known clonesⓘ
6
✓0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
—
—
Max leverage
1:200
—
Min spread (best acct)
from 0
—
Commission
—
—
Cost grade
AA
—
Account types
✓2
0
Best for
Suits
Experienced traders who value advanced charting and a wide range of instruments, Traders who prioritize tight spreads and competitive overnight fees, Long-term clients who have had stable experiences with the platform
Singapore residents seeking a MAS-regulated broker, Traders who prefer MT5 or TradingView platforms, Those looking for zero-commission forex and CFD trading
Not for
Traders who require responsive customer support, especially for urgent issues, Those who need fast, reliable withdrawal processing, New traders who may struggle with account opening and KYC issues
Traders who rely on MetaTrader 4 (MT4), High-frequency scalpers requiring ultra-low latency execution, Clients outside Singapore or without SingPass seeking simpler account opening
Products & Funding
Instruments
Forex, Indices, Shares, Commodities, ETFs, Treasuries, Share baskets, Cryptocurrencies
—
Deposit methods
—
—
Withdrawal
—
—
Execution
Speed
A
—
Slippage
AA
—
Swap cost
AAA
—
Company
Founded
2017-09-07
2019-10-16
Headquarters
🇸🇬 Singapore
🇸🇬 Singapore
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.