Phillip Nova vs Quitrade
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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Safer pick Phillip Nova leads on safety — winning 3 of 3
trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
Safety & Trust
Scam-risk scoreⓘ lower = safer
✓10
75
Verdict
Low risk
Severe
Regulatedⓘ
Yes
No
Licenses
✓1
0
Tier-1 regulatorsⓘ
✓1
0
Trustpilot score
—
2
Reviews collected
—
12
Exit riskⓘ lower = safer
—
—
Known clonesⓘ
0
0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
—
$250
Max leverage
—
—
Min spread (best acct)
—
—
Commission
—
—
Cost grade
—
—
Account types
0
✓6
Best for
Suits
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 rely on MetaTrader 4 (MT4), High-frequency scalpers requiring ultra-low latency execution, Clients outside Singapore or without SingPass seeking simpler account opening
Retail traders seeking a regulated broker, Investors looking for reliable withdrawals, Anyone considering a low minimum deposit account
Products & Funding
Instruments
—
--
Deposit methods
—
--
Withdrawal
—
--
Execution
Speed
—
—
Slippage
—
—
Swap cost
—
—
Company
Founded
2019-10-16
2024-03-07
Headquarters
🇸🇬 Singapore
🇸🇬 Singapore
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.