WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Phillip Nova

Singapore|Above 20 years|
Regulated in Singapore|Retail Forex License|MT5 Full License|Regional Brokers|

https://www.phillipnova.com.sg/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

PhillipNova-Demo

Singapore
MT5
8

Influence

D

Influence index NO.1

China 2.47

MT4/5 Identification

MT4/5 Identification

Full License

8
Server Name
PhillipNova-Demo MT5
Server Location Singapore

Influence

Influence

D

Influence index NO.1

China 2.47
Surpassed 63.40% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+65 6538 0500
nova@phillip.com.sg
https://www.phillipnova.com.sg/
250 North Bridge Road #07-01, Raffles City Tower Singapore 179101

Licenses

Licensed Institution:PHILLIP NOVA PTE. LTD

License No.:Unreleased

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Basic information

Registered region
Singapore
Operating period
Above 20 years
Company Name
Phillip Nova Pte Ltd
Abbreviation
Phillip Nova
Company employee
--
Customer Service Email Address
nova@phillip.com.sg
Contact number
006565380500
Company address
250 North Bridge Road #07-01, Raffles City Tower Singapore 179101

XGOLD

Philippines

While Phillip Nova offers a solid trading experience, users should be mindful of potential drawbacks, including limited fee transparency and the need to contact different support desks. Despite these, it remains a reliable and user-friendly platform.

Neutral

2023-12-04

Austina

Colombia

Phillip Nova has truly enriched my trading journey with its diverse range of market instruments and trading accounts. The platform's flexibility, offering various trading platforms like CQG, Trading Technologies, MetaTrader 5, and their own proprietary platform, caters to traders of all styles. The educational resources, from webinars to market trend reports, have been instrumental in boosting my trading knowledge. A reliable choice for those seeking a dynamic and comprehensive trading experience.

Neutral

2023-12-01

登高山赏远景

Malaysia

From their webiste, I read that the minimum account opening amount is $30,000 for investors in Singapore/Malaysia, while $50,000 for investors in other regions. Crazy amount!

Neutral

2022-11-22

Mason_st

United Kingdom

Haven’t tried this broker yet, it does offer a series of trading instruments to trade, with minimum deposit, fee structure undisclosed, it makes trading environment on this platform quite non-transparent…

Neutral

2022-11-22

健康咨询与服务-格格

Singapore

Phillip Nova is a trustworthy company especially for me because for 5 years I’m doing trading with this broker and they support me... Thanks for their excellent service.

Positive

2023-02-20

5
Related Software
Marketing Strategy
Biz Area
Website
Company Summary
Review
Related Software
MT5: Full License
0
MT4 Servers
2
MT5 Servers
3.12
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 5
Full LicensePerfect

Users who viewed Phillip Nova also viewed..

GO MARKETS

8.99
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
GO MARKETS
GO MARKETS
Score
8.99
  • Above 20 years |
  • Regulated in Australia |
  • Market Making(MM) |
  • MT4 Full License
Official website

HFM

8.26
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
HFM
HFM
Score
8.26
  • 10-15 years |
  • Regulated in Cyprus |
  • Market Making(MM) |
  • MT4 Full License
Official website

MiTRADE

8.49
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
MiTRADE
MiTRADE
Score
8.49
  • 10-15 years |
  • Regulated in Australia |
  • Market Making(MM)
Official website

GTCFX

8.12
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
GTCFX
GTCFX
Score
8.12
  • 10-15 years |
  • Regulated in United Kingdom |
  • Straight Through Processing(STP) |
  • MT4 Full License
Official website
Sources
Language
Mkt. Analysis
Creatives

Website

  • phillipfutures.com.sg

    Server Location

    United States

    Website Domain Name

    phillipfutures.com.sg

    Server IP

    45.60.199.180

Company Summary

Aspect Information
Registered Country/Area Singapore
Founded year Above 20 years
Company Name Phillip Nova Pte. Ltd
Regulation Regulated by the Monetary Authority of Singapore (MAS)
Minimum Deposit Not specified in the information provided
Maximum Leverage Not specified in the information provided
Spreads Vary depending on the traded assets
Trading Platforms CQG, Trading Technologies, MetaTrader 5 (MT5), and proprietary platform
Tradable assets CFDs, commodities, cryptocurrencies, forex, indices, precious metals, stocks, and ETFs
Account Types Multi Asset Account and Forex and CFD Account
Demo Account Available
Islamic Account Not specified in the information provided
Customer Support Phone and email
Deposit Methods PayNow, eGIRO, Internet Bank Transfer, DBS/POSB Bill Payment, eNETS, Telegraphic Transfer (TT), Credit/Debit Card Payments
Withdrawal Methods Online withdrawal via the Client Portal
Educational Tools Economic calendars, market trends analysis, news releases, webinars, coaching sessions, user guides, trading highlights videos

Overview of Phillip Nova

Phillip Nova is a subsidiary of PHILLIP NOVA PTE. LTD, operating under the regulatory oversight of the Monetary Authority of Singapore (MAS). It holds a retail forex license, allowing it to provide services in the forex trading market. The company offers a range of market instruments, including CFDs, commodities, cryptocurrencies, forex, indices, precious metals, stocks, and ETFs, providing traders with diverse trading options.

Phillip Nova offers two main types of accounts: the Multi Asset Account and the Forex and CFD Account. The Multi Asset Account allows trading in stocks, futures & options, and forex/bullion, while the Forex and CFD Account focuses on CFD trading alongside forex and bullion.

The company provides competitive spreads and commissions for different trading instruments, with fees varying depending on the asset being traded. Traders can access multiple trading platforms, including CQG, Trading Technologies (TT), MetaTrader 5 (MT5), and the proprietary Phillip Nova platform, each offering unique features and functionalities.

Phillip Nova offers various trading tools, such as an economic and trading calendar, market trends articles, and a newsroom, to keep traders informed about market events and trends. The company also provides educational resources, including webinars, seminars, coaching sessions, user guides, market trend reports, and trading highlights videos, to support traders in improving their skills and knowledge.

Customer support services are available through different contact channels, including a hotline, email, and specific desks for different inquiries. Phillip Nova has multiple investor centers in Singapore for customer convenience.

Overall, Phillip Nova aims to provide a regulated trading experience with a wide range of market instruments, competitive fees, multiple trading platforms, educational resources, and dedicated customer support. Traders interested in further details or clarifications should refer to the official website or contact Phillip Nova directly.

basic-info

Pros and Cons

PHILLIP NOVA, as a subsidiary of PHILLIP NOVA PTE. LTD regulated by the Monetary Authority of Singapore, offers a range of market instruments and trading accounts to cater to different investment preferences. They provide access to various asset classes, including stocks, forex, commodities, cryptocurrencies, and ETFs, allowing traders to diversify their portfolios. The availability of multiple trading platforms, such as CQG, Trading Technologies, MetaTrader 5, and the proprietary Phillip Nova platform, offers flexibility and choice to traders based on their trading styles and needs. The educational resources and tools provided by Phillip Nova, including webinars, coaching sessions, user guides, and market trend reports, contribute to enhancing traders' knowledge and skills.

However, it's important to consider some potential drawbacks. One limitation is the lack of specific information on fees, including the minimum account opening amount and funding requirements, which may require contacting Phillip Nova directly or referring to their official website for more details. Additionally, while Phillip Nova offers competitive spreads and commissions, the exact fees may vary depending on market conditions and the specific trading instrument. Traders should stay updated on the most current fee structure. Lastly, while Phillip Nova provides customer support services, some users may find it necessary to contact different desks depending on their specific trading inquiries, which could be cumbersome.

Pros Cons
1. Regulated subsidiary of PHILLIP NOVA PTE. LTD under the Monetary Authority of Singapore (MAS). 1. Limited information on fees, including minimum account opening amount and funding requirements.
2. Offers access to a wide range of market instruments, including stocks, forex, commodities, cryptocurrencies, and ETFs. 2. Spreads and commissions may vary depending on market conditions and specific trading instruments.
3. Multiple trading platforms available, catering to different trading styles and preferences. 3. Contacting different desks for specific trading inquiries may be required, potentially causing inconvenience.
4. Provides educational resources such as webinars, coaching sessions, user guides, and market trend reports. -

Is Phillip Nova Legit?

Based on the information provided, Phillip Nova is a subsidiary of PHILLIP NOVA PTE. LTD and holds a retail forex license regulated by the Monetary Authority of Singapore (MAS). The license type is specifically for retail forex trading. However, the specific license number, effective date, expiry date, and email address of the licensed institution are not disclosed. The regulatory status is stated as “Regulated,” indicating that Phillip Nova operates under the oversight of the MAS. Traders interested in further information or clarifications should refer to the official website of the licensed institution at https://www.phillipfutures.com.sg or contact the phone number provided.

regulation

Market Instruments

Market Instruments of Phillip Nova:

1. CFD: Phillip Nova offers Contracts for Difference (CFDs), which allow traders to go long or short on stocks, indices, commodities, and cryptocurrency CFDs. This enables investors to profit from both rising and falling markets.

2. Commodities: Traders can buy or sell precious and base metals, agriculture products, and energy products through Phillip Nova. This provides exposure to the commodities market and the opportunity to take advantage of price movements.

3. Cryptocurrency: Phillip Nova allows trading on the price of cryptocurrencies, offering the ability to speculate on the rise or fall of cryptocurrency markets.

4. Forex: Phillip Nova offers a wide range of currency pairs in the forex market. Traders can participate in forex trading with tight spreads and zero commission charges.

5. Indices: Phillip Nova provides access to major and minor global indices, allowing traders to take positions based on the performance of stock market indices.

6. Precious Metals: Phillip Nova offers trading opportunities in precious metals such as gold and silver. Traders can access spot, futures, and low-leveraged gold and silver products.

7. Stocks: Phillip Nova provides access to over 9,000 stocks across various markets including Singapore, Hong Kong, Malaysia, and the US. Traders can buy and sell stocks in these markets.

8. ETFs: Phillip Nova offers a selection of close to 3,000 Exchange-Traded Funds (ETFs) listed on exchanges in Singapore, Hong Kong, the US, and Malaysia. This allows investors to diversify their portfolios and gain exposure to various asset classes.

These market instruments provide a range of options for investors to participate in different markets and diversify their trading strategies.

market-instruments

Pros and Cons

Pros Cons
Provides diverse trading options, including CFDs, commodities, and forex. Trading CFDs and commodities involve risks and potential losses.
Allows trading in cryptocurrencies and access to global indices. Cryptocurrency and stock market volatility can lead to potential losses.
Offers trading opportunities in precious metals, stocks, and ETFs. Prices of precious metals and ETFs can fluctuate, posing risks for traders.
Provides opportunities to diversify portfolios and engage in various markets. Financial markets involve risks, and investors need to consider them.

Account Types

Phillip Nova offers two main types of accounts: the Multi Asset Account and the Forex and CFD Account. Additionally, there are options for individual/joint accounts and corporate accounts. The account types and their associated asset classes are as follows:

1. Multi Asset Account:

- Stocks

- Futures & Options

- Forex/Bullion

2. Forex and CFD Account:

- CFD

- Forex/Bullion

Both account types provide access to forex and bullion (precious metals) trading. The Multi Asset Account also includes the ability to trade stocks and futures & options. The Forex and CFD Account focuses on CFD trading alongside forex and bullion.

For SingPass users, there are specific application processes available. Non-SingPass users can follow a separate application process. Corporate accounts are also supported, and interested parties can contact the Client Service Desk via phone or email for more information on getting started.

The minimum account opening amount is S$30,000 for investors in Singapore/Malaysia and US$50,000 for investors in other regions. Additional requirements are provided on the Phillip Futures website, which should be consulted for further details.

Pros and Cons

Pros Cons
1. Multiple account types catering to different trading preferences. 1. Minimum account opening amount may be relatively high for some regions.
2. Access to a wide range of asset classes, including stocks and futures. 2. Specific application processes for SingPass and non-SingPass users may cause some complexity.
3.Options available for individual/joint accounts and corporate accounts. 3. Limited information provided regarding fees and requirements, requiring further consultation or website reference for complete details.

Spreads & Commissions

Phillip Nova charges competitive spreads and commissions for various trading instruments. The spreads and commissions vary depending on the type of asset being traded. Here is a breakdown of the spreads and commissions offered by Phillip Nova:

1. US Stocks & ETFs: The commission fee for trading US stocks and ETFs is 0.01% of the trade value with a minimum commission of USD5.

2. SG Stocks & ETFs: For trading Singapore stocks and ETFs, the commission fee is 0.08% of the trade value, with no minimum commission requirement.

3. Commodities Fees: Trading fees for commodities, such as CME Micro Gold or Micro WTI Crude Oil, are USD0.98 per transaction.

4. Forex Fees: Phillip Nova charges a spread of 0.9 pips for forex trading. The spread is the difference between the bid and ask price and represents the cost of executing a forex trade.

5. Futures Fee: The futures trading fee on Phillip Nova starts from as low as USD0.98 for CME Micro US Indices, Gold, and Crude Oil contracts. The exact fee may vary depending on the specific futures contract being traded.

It's important to note that these fees are subject to change and may vary based on market conditions. Traders should refer to the official website or contact Phillip Nova directly for the most up-to-date information on spreads and commissions.

In terms of minimum commission fees, the minimum commission for US stocks is USD5, while there is no minimum commission requirement for Singapore stocks. This means that for smaller trades, the commission fee will not fall below the specified minimum amounts.

Regarding funding, the minimum funding requirement for an account with Phillip Nova is not specified in the information provided. Traders interested in opening an account should refer to the official website or contact Phillip Nova for details on the minimum funding requirement.

Pros and Cons

Pros Cons
Low starting fees for select futures contracts Limited information on minimum funding requirement
No minimum commission for Singapore stocks Spreads and commissions may vary with market conditions
Fixed fees for commodities Lack of information on funding methods and associated fees
Minimum commission ensures specified amounts Possible changes to fees and commissions
Low starting fees for select futures contracts Fee variability for specific futures contracts

Deposit & Withdrawal

To deposit funds into your Phillip Nova account, you have several options:

1. PayNow via UEN: You can use PayNow to transfer funds by logging in to your internet banking or mobile banking app and selecting “UEN” as the transfer option. Enter the UEN (Unique Entity Number) 198305695GSGD for Phillip Nova, verify the recipient's name as “PHILLIP NOVA P L - CUSTOMER A/C,” indicate your trading account number as a reference, and enter the amount. Successful transfers are usually credited within 1 hour.

2. PayNow via QR Code: This method is recommended for customers with a Singapore bank account. Log on to the Client Portal, go to Fund Deposit, select PayNow, choose the account and enter the deposit amount. Click “Generate My QR Code,” launch your banking app, and scan the QR code or upload a photo. Verify the recipient's name, ensure the details are correct, and submit the payment. Successful transfers are usually credited within 1 hour.

3. eGIRO Payment: You can set up eGIRO by logging on to the Client Portal, selecting Fund Deposit, and choosing eGIRO. Follow the instructions to set up eGIRO and verify your bank account. Once verification is complete, log out from your bank portal, and the successful e-GIRO linkage will be reflected on Phillip Nova's Client Portal. You can then deposit funds via e-GIRO, and successful transfers are usually credited within 1 hour.

4. Internet Bank Transfer / FAST: This method is recommended for customers with a Singapore bank account. Make a bank transfer or FAST transfer to DBS Bank Ltd, Singapore, with recipient's name as “Phillip Nova Pte Ltd” and account number as “001-048970-4.” Include your trading account number as a comment, description, or reference. Successful transfers are usually credited within 1 hour.

5. DBS/POSB Bill Payment: Log in to your Internet Banking, go to Pay, select Pay Bills, and choose Billing Organisation as “PHILLIP NOVA PTE. LTD.” Successful transfers are usually credited within 1 hour. Funds received between 11pm-2am will be credited after 2.30am.

6. eNETS Deposit: Log on to the Client Portal and access eNETS to make a deposit. Successful transfers are usually credited within 1 hour.

7. Telegraphic Transfer (TT): You can find the bank details for telegraphic transfer on Phillip Nova's website. The funds are generally credited when received, and funds received after office hours will be credited by the next working day. Please note that a USD10 fee is charged for incoming funds received through remittance.

8. Credit/Debit Card Payments: Log on to the Client Portal, go to Cards (Visa & MasterCard), and follow the instructions to make a payment. Successful transfers are usually credited within 1 hour.

Additionally, you can transfer funds internally from other Phillip Group accounts. Contact your trading representative or Phillip Securities for more information.

For withdrawals or fund transfers from your Phillip Nova account, you have two options:

1. Online withdrawal via the Client Portal: Log into the Client Portal, go to Fund Withdrawal, select the currency to be withdrawn, enter the withdrawal amount, choose how you wish to receive the funds, and submit the transfer. This method is recommended, and there is no administrative fee for online withdrawals.

2. Complete the withdrawal form: If you prefer to submit a withdrawal request via the withdrawal form, you can download the form from the Phillip Nova website or request a physical copy from their office. However, please note that an administrative fee of USD20/SGD30 (excluding GST) applies for withdrawal requests.

Pros and Cons

Pros Cons
Multiple deposit options available, including PayNow, eGIRO, internet bank transfer, and more. Limited information on specific fees and charges associated with each deposit method.
Fast deposit processing times, with funds usually credited within 1 hour. Withdrawal requests via the withdrawal form are subject to an administrative fee.
Online withdrawal option available through the Client Portal, without any administrative fee. Limited information on withdrawal processing times for different methods.
Internal fund transfers within the Phillip Group accounts are possible. Information on withdrawal limits or minimum withdrawal amounts is not provided.
Credit/debit card payments accepted for deposits. Withdrawal requests via the withdrawal form may involve additional manual processing and potential delays compared to online withdrawals.

Trading Platforms

Phillip Nova offers four trading platforms to cater to different trading needs and preferences:

1. CQG: The CQG platform provided by Phillip Nova offers advanced features such as DOM ladder compression for thinly-traded electronic markets. It allows traders to view net open trade equity for related futures and options positions. The platform supports a multi-lingual interface, including languages such as Chinese, Japanese, Russian, and Turkish.

2. Trading Technologies (TT): The TT platform is designed to provide easy access to real-time and historical market data. It offers flexibility as traders can connect to the platform from their workstations, laptops, or Android/iOS phones. The platform is user-friendly and suitable for traders on the go.

3. MetaTrader 5 (MT5): Phillip Nova supports the popular MetaTrader 5 platform. Traders using MT5 can benefit from zero commission trading of CFDs, forex, spot gold, and silver. The platform offers tight spreads and a range of trading tools, including pattern recognition tools and charting indicators. It also integrates Trading Central, providing additional analysis and insights.

4. Phillip Nova: This is a proprietary platform developed by Phillip Nova. It is a powerful and intuitive platform that allows traders to trade stocks, forex, and futures from various devices, including desktop browsers, tablets, and mobile phones. The platform offers over 90 technical indicators, live charts, and a Market Depth Trading Tool. It provides a customizable trading layout, live market news, and the ability to view up to four live charts simultaneously.

These trading platforms offer a range of features and tools to facilitate effective trading across multiple asset classes, catering to different trading styles and preferences. Traders can choose the platform that best suits their needs and provides the desired functionality and trading experience.

trading-platform

Pros and Cons

Pros Cons
Multiple trading platforms cater to diverse trading preferences. Some platforms may require additional fees or specific account types, potentially increasing costs.
Advanced features and tools available, such as DOM ladder compression and pattern recognition tools. Learning curve may be involved for new users, especially for platforms with more complex functionalities.
User-friendly interfaces and customizable trading layouts. Availability of certain platforms may vary depending on the region or account type.
Access to real-time and historical market data for informed trading decisions. Technical issues or system downtime could potentially impact trading activities.

Trading Tools

Phillip Nova provides traders with various trading tools to enhance their trading experience and stay informed about market trends. These tools include:

1. Economic & Trading Calendar: The Economic Calendar provides the latest updates on economic events and data indicators from around the world. Traders can stay informed about key economic releases that may impact the markets.

trading-tools

2. Market Trends: Traders can access market trends articles and reports to stay abreast of the latest market movements. These resources provide valuable insights and analysis to help traders make informed trading decisions.

trading-tools

3. Newsroom: The Newsroom feature allows traders to view the most recent news releases from Phillip Nova. This keeps traders updated on the latest developments within the company and relevant industry news.

trading-tools

These trading tools help traders stay informed about important market events, analyze trends, and make informed trading decisions. By providing access to economic calendars, market trends articles, and news releases, Phillip Nova aims to provide traders with valuable information and resources to support their trading activities.

Educational Resources

Phillip Nova provides a range of educational resources and tools to help traders improve their knowledge and strategies. These resources aim to enhance trading skills and provide valuable insights into the market. Here are some of the educational offerings available:

1. Webinars & Seminars: Traders can register for upcoming webinars and seminars conducted by industry experts. These events cover various trading topics and provide valuable insights and strategies.

2. 1-1 Coaching: For a more personalized learning experience, traders can register for 1-1 coaching sessions. These sessions offer tailored guidance and support to help traders improve their skills and achieve their trading goals.

3. Trading 101: Phillip Nova offers easy-to-follow user guides that cover the basics of trading. These guides provide step-by-step instructions on using the trading platform, executing trades, and understanding market concepts.

4. Market Trends: Traders can access the latest reports and articles on market trends. These resources provide analysis, insights, and commentary on market movements, helping traders stay informed and make informed trading decisions.

5. Trading Highlights: Traders can view the latest trading highlights videos, which showcase notable market events, trading strategies, and insights from experienced traders. These videos offer valuable learning opportunities and practical examples.

6. Young Investors Programme: Phillip Nova provides resources specifically designed for young investors. Traders can access user guides, account management features, and tips to trade more effectively, tailored to the needs of young traders.

Customer Support

Phillip Nova offers comprehensive customer support services to assist users with their inquiries and needs. The main office is located at 250 North Bridge Road, Raffles City Tower, Singapore. The operating hours are from Monday to Friday, 0900 to 1800 (SGT).

For general inquiries, customers can contact the hotline at +65 6538 0500 or send an email to nova@phillip.com.sg. IT support is available at +65 6531 1788 or via email at novatech@phillip.com.sg.

Customers with specific inquiries related to gold can reach out to the dedicated team at +65 6538 0500 or gold@phillip.com.sg. The stocks/futures dealing desk can be contacted at +65 6535 1155 or nova_dealing@phillip.com.sg, while the CFD/forex dealing desk can be reached at +65 6536 7200 or nova_fx@phillip.com.sg. For commodities, energy, and metals inquiries, customers can contact the respective desk at +65 6576 9810 or nova_commoditiesbd@phillip.com.sg.

Customers who wish to provide feedback or compliments can contact the dedicated line at +65 6531 1522 or send an email to nova_feedback@phillip.com.sg. Traders with specific trading member inquiries can reach out to +65 6531 1545 or nova_traders@phillip.com.sg.

For personal data protection matters, customers can contact +65 6538 0500 or nova_dpo@phillip.com.sg.

In addition to the main office, Phillip Nova has several investor centers located in different regions of Singapore, including Boon Keng, Holland Drive, Marine Parade, Raffles City Tower, Raffles Place, Toa Payoh, Northpoint City, and Ang Mo Kio. Each investor center has specific opening hours and contact details provided for customer convenience.

customer-support

Conclusion:

Phillip Nova, a subsidiary of PHILLIP NOVA PTE. LTD, offers a range of trading services and tools to cater to the needs of traders. It holds a retail forex license regulated by the Monetary Authority of Singapore (MAS), providing a level of credibility and oversight. The company offers a diverse selection of market instruments, including CFDs, commodities, cryptocurrencies, forex, indices, precious metals, stocks, and ETFs, allowing traders to participate in various markets and diversify their portfolios. The availability of multiple account types, such as the Multi Asset Account and Forex and CFD Account, provides flexibility for traders with different preferences. Phillip Nova provides convenient deposit and withdrawal options, along with a selection of trading platforms, including CQG, Trading Technologies (TT), MetaTrader 5 (MT5), and their proprietary platform. The company also offers trading tools, such as an Economic & Trading Calendar, market trends articles, and a newsroom, to keep traders informed and support their decision-making process. Educational resources, including webinars, seminars, coaching sessions, user guides, and market trend analysis, are available to help traders enhance their skills and knowledge. Additionally, Phillip Nova offers customer support services, including hotline numbers and email contacts for different inquiries and departments. However, it is worth noting that some specific details, such as the specific license number and certain account requirements, were not provided in the available information. Traders interested in further information should refer to the official website or contact the company directly.

FAQs

Q: Is Phillip Nova a legitimate trading platform?

A: Yes, Phillip Nova is a subsidiary of PHILLIP NOVA PTE. LTD and holds a retail forex license regulated by the Monetary Authority of Singapore (MAS). The company operates under the oversight of the MAS, indicating its compliance with regulatory requirements.

Q: What market instruments are available on Phillip Nova?

A: Phillip Nova offers a wide range of market instruments, including CFDs (Contracts for Difference), commodities, cryptocurrencies, forex, indices, precious metals, stocks, and ETFs (Exchange-Traded Funds). These instruments provide opportunities for traders to participate in different markets and diversify their trading strategies.

Q: What are the account types offered by Phillip Nova?

A: Phillip Nova offers two main types of accounts: the Multi Asset Account and the Forex and CFD Account. The Multi Asset Account provides access to stocks, futures & options, and forex/bullion. The Forex and CFD Account focuses on CFD trading, alongside forex and bullion. Individual/joint accounts, corporate accounts, and specific application processes for SingPass users are also available.

Q: How can I deposit and withdraw funds from my Phillip Nova account?

A: Phillip Nova provides several options for depositing funds, including PayNow via UEN or QR Code, eGIRO payment, internet bank transfer/FAST, DBS/POSB Bill Payment, eNETS deposit, telegraphic transfer (TT), and credit/debit card payments. Internal transfers from other Phillip Group accounts are also supported. For withdrawals, you can choose online withdrawal via the Client Portal or submit a withdrawal form.

Q: What trading platforms are available on Phillip Nova?

A: Phillip Nova offers four trading platforms: CQG, Trading Technologies (TT), MetaTrader 5 (MT5), and the proprietary Phillip Nova platform. These platforms cater to different trading needs and provide features such as advanced order types, real-time market data, charting tools, and mobile accessibility.

Keywords

  • Above 20 years
  • Regulated in Singapore
  • Retail Forex License
  • MT5 Full License
  • Regional Brokers

Review 5

All(5) Latest Positive(1) Neutral(4)
No more
Write a comment
Positive
Neutral
Exposure

Content you want to comment

Please enter...

Submit now
Write a comment
5
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com