MAS — Singapore
PHILLIP NOVA PTE. LTD
Regulated · No. Unreleased
Phillip Nova Review — Overview
Regulation
Tier-1 regulated
Licence
MAS · No. Unreleased
Licence status
Regulated
Platforms
MetaTrader 5, TradingView, Phillip Nova
Instruments
CFDs, commodities, forex, gold & silver
Typical spread
/
Operating
Est. 2021
Main market
MY
Entity
PHILLIP NOVA PTE. LTD
Website
Unknown
Phillip Nova is a forex & CFD broker based in Singapore, established in 2021. On Trust Broker Hub it holds a Trust Score of 6.8 out of 10, which we rate as Fair — above the 5.3/10 average for brokers that hold a verified licence. Mixed profile — check regulation and conditions before depositing.
Crucially, Phillip Nova is regulated by MAS, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
Phillip Nova provides access to CFDs, commodities, forex, gold & silver. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, Phillip Nova has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?
Weighted total
7.98
Data completeness
7 of 10 facts verified
70% ×0.85
Trust Score
6.8 / 10
Trust Score history
Phillip Nova currently scores 6.8/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | CFDs, commodities, forex, gold & silver, indices, cryptocurrencies, stocks, ETFs |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | / |
| Platforms | MetaTrader 5, TradingView, Phillip Nova |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on Phillip Nova
Our analysis · editorial
6.8/10
Tier-1 regulated, solid profile
Phillip Nova holds a tier-1 regulatory licence (MAS). Based in Singapore, it has been operating for about 5 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 6.8/10 — a reasonable profile.
Strengths
- Authorised by a tier-1 regulator (MAS)
- Operating for 5 years
- No complaints on record with us
- Supports MetaTrader 5 & TradingView trading
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: A reasonable option, but confirm the entity you open an account with is the regulated one.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
Phillip Nova — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag Phillip Nova here if that changes.
Full specifications
Regulated region
Singapore
Operating period
20+ years
Main market
MY
Licensed entity
PHILLIP NOVA PTE. LTD
License status
Regulated
Instruments
CFDs, commodities, forex, gold & silver, indices, cryptocurrencies, stocks, ETFs
Year founded
2021
Frequently asked
Is Phillip Nova a safe broker?
Phillip Nova scores 6.8 / 10 on our Trust Score, above the 5.3 average for brokers that hold a verified licence. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record with us. Trade only with funds you can afford to lose.
How is the Phillip Nova trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from Phillip Nova?
Phillip Nova doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.