DBS 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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These are different service types — a money-transfer service, bank or stockbroker isn’t a like-for-like alternative to a forex/CFD broker. Compare with that in mind.
Safety & Trust
Scam-risk scoreⓘ lower = safer
28
✓10
Verdict
Guarded
Low risk
Regulatedⓘ
Yes
Yes
Licenses
✓2
1
Tier-1 regulatorsⓘ
1
1
Trustpilot score
1.4
—
Reviews collected
191
—
Exit riskⓘ lower = safer
Elevated
—
Known clonesⓘ
0
0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
—
—
Max leverage
—
—
Min spread (best acct)
—
—
Commission
—
—
Cost grade
—
—
Account types
0
0
Best for
Suits
Customers who value in-person branch assistance in Singapore, Users who appreciate proactive fraud monitoring calls
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
Forex traders seeking reliable online trading, International customers requiring responsive 24/7 support, Users needing efficient KYC and account activation
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
—
—
Deposit methods
—
—
Withdrawal
—
—
Execution
Speed
—
—
Slippage
—
—
Swap cost
—
—
Company
Founded
2018-11-29
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.