Overview

Phillip Nova has been a founding clearing member of SGX-DT since 1983. The platform gives access to 11,000+ instruments across forex, CFDs, futures, stocks, and ETFs through 21 global exchange memberships. Active traders who want derivatives exposure alongside equities on a single ledger will find it especially useful. Zero platform fees, zero custodian fees, and forex spreads from 0.6 pips on MetaTrader 5 keep costs low for frequent traders.

Pros

↑Zero platform, custodian, and CFD commission fees across both NOVA and MT5
↑21 exchange memberships with 11,000+ tradable instruments on a single ledger
↑Free Acuity AnalysisIQ trade signals and Trading Central research on MT5

Cons

↓Futures commission rates not published online: must call +65 6538 0500 for quotes
↓SGD 30,000 minimum deposit for corporate accounts versus S$0 for individuals
↓Acuity AnalysisIQ signals only on MT5 desktop, not available on NOVA or mobile

Key Highlights

Welcome Offer
Micro futures from USD0.98
Micro E-mini S&P 500 all-in fee: USD1.35 per contract
Micro Gold all-in fee: USD1.60 per contract
Micro WTI Crude Oil all-in fee: USD1.50 per contract
Forex rewards promotion: up to S$3,000 in rewards

Trading Costs
Forex from 0.6 pips (MT5)
MT5: Zero commission, spreads from 0.6 pips on EUR/USD
NOVA 2.0: US$8/lot forex, spreads from 0.8 pips
CFDs: Zero commission on both platforms
Stocks: SGX 0.08% no minimum (online)

Assets & Markets
11,000+ instruments
Forex: 40+ pairs including majors, minors, exotics
CFDs: Indices, shares, crypto, energy, commodities
Futures and options across 21 exchanges
Stocks, ETFs, DLCs, structured warrants

Why Choose?
NOVA.I + Trading Central
NOVA.I: In-app AI assistant for market analysis and trading ideas
Trading Central: Pattern recognition and technical signals
Acuity AnalysisIQ: Free AI-powered trade signals on MT5
Human-led and AI-generated signals included

Regulation & Safety
MAS regulated since 1983
Capital Markets Services License holder
Founding clearing member of SGX-DT
Company Reg No: 198305695G
Member of PhillipCapital Group (15 countries)

Account Minimum
S$0 minimum deposit
No minimum deposit for individual and joint accounts
Corporate accounts: SGD 30,000 (SG/MY) or USD 50,000
Zero platform fees and zero custodian fees
30-day free demo account available

Key Benefits

Trading Costs

★4.2

▼

Zero platform fees and zero custodian fees across all products
MT5 forex: zero commission, spreads from 0.6 pips on EUR/USD
NOVA 2.0 forex: US$8 per lot commission, spreads from 0.8 pips
CFDs: zero commission on both NOVA and MT5 platforms
Stocks: SGX 0.08% no minimum, US 0.01% min USD3.88 (online)
US fractional shares: flat fee of USD0.38 per order
Micro futures: all-in from USD1.35 per contract (Micro E-mini S&P)
Exchange and clearing fees vary by market

Platform And Tools

★4.3

▼

NOVA 2.0 proprietary platform with TradingView charting
MetaTrader 5 for forex, CFDs, and algorithmic trading
NOVA.I in-app AI assistant for market analysis and trading ideas
100+ technical indicators and 4 simultaneous live charts
Market depth tool for order book visibility
Calendar spread tool and options trading calculator
Light and dark mode, customizable layouts

Research And Analysis

★4.4

▼

Trading Central premium research with pattern recognition
Free Acuity AnalysisIQ AI-powered trade signals on MT5
Both human-led and AI-generated signals available
Historical signal performance metrics viewable
Real-time market news and economic calendar
Coverage: forex, indices, shares CFDs, crypto CFDs, energy, commodities

Mobile Trading

★3.8

▼

NOVA mobile app for iOS and Android
Full trading capabilities including stocks, forex, futures, CFDs
TradingView charts and 100+ indicators on mobile
Real-time push notifications and price alerts
2FA and biometric login on mobile app
Acuity AnalysisIQ signals not available on mobile (desktop only)

Account Features

★4.0

▼

Three account types: Multi-Asset, Forex and CFD (MT5), Stocks Only
S$0 minimum deposit for individual or joint accounts
Corporate accounts: SGD 30,000 (SG/MY) or USD 50,000
30-day free demo account with same features as live
Multi-currency support including SGD, USD, HKD, JPY, and more
Phillip Nova Prestige for accredited investors (SGD 250,000+)

Security And Trust

★4.5

▼

MAS regulated Capital Markets Services License holder
Founded 1983 as founding clearing member of SGX-DT
Part of PhillipCapital Group operating in 15 countries
Company Reg No: 198305695G
Two-factor authentication and biometric login standard
Client fund segregation under MAS requirements

Customer Support

★3.7

▼

Client Service Desk: +65 6538 0500
Forex Desk: +65 6536 7200
Email: [email protected]
VIP support: [email protected]
Round-the-clock dealing and technical support teams
HQ: 250 North Bridge Road, Raffles City Tower, #07-01, Singapore

Educational Resources

★3.9

▼

NOVA.I AI assistant answers trading and market questions directly
User guide video series (6 parts covering login, watchlist, orders, charts)
30-day demo account for risk-free practice
Free webinars and seminars on trading topics
Trading competition programmes for skill development
CKA/CAR learning modules for SIP qualification

VIP Program

1Standard Account

▼

Volume A U M	No minimum deposit for individuals No minimum trading volume requirement Open to all retail traders
Fee Waivers	Zero platform fees Zero custodian fees Standard spreads from 0.8 pips (NOVA) or 0.6 pips (MT5)
Exclusive Tools	All NOVA and MT5 platform features Trading Central research NOVA.I AI assistant Acuity AnalysisIQ signals (MT5)
Other Perks	30-day demo account access Standard customer support Educational resources and webinars

2Phillip Nova Prestige

▼

Volume A U M	Minimum SGD 250,000 deposit required For accredited investors only Higher trading volume expectations
Fee Waivers	Preferential pricing on trades Reduced or waived fees on select products Enhanced margin terms available
Exclusive Tools	Priority platform access Advanced analytical tools Enhanced research and market intelligence
Other Perks	Dedicated customer relationship expert Exclusive event invitations Priority support via [email protected] Personalised service and assistance

Available Tools

Trading Tools

▼

Paper Trading	✓
Margin Trading	✓
Zero Commission	✓
Fractional Shares	✓
After Hours Trading	×

Automation

▼

Dca	×
Algo Trading	✓
Grid Trading	×
Trading Bots	×
Robo Advisory	×
Sentiment Analysis	✓
Social Copy Trading	×
Ai Trading Assistant	✓

Advanced Tools

▼

Api Access	×
Basket Trading	×
Options Strategies	✓
Smart Order Routing	×
Backtesting Capabilities	×

Portfolio Tools

▼

Tax Harvesting	×
Islamic Account	×
Auto Rebalancing	×
Dividend Tracker	×
Economic Calendar	✓

Detailed Information

Commission Tiers	Standard flat-rate pricing for all accounts Preferential rates for Phillip Nova Prestige members (SGD 250,000+) Online trades cheaper than call-in trades across all markets Contact dealing desk for specific futures commission rates
Trading Fees	Forex (MT5): Zero commission, spreads from 0.6 pips Forex (NOVA): US$8 per lot, spreads from 0.8 pips CFDs: Zero commission on both platforms (spread-based) Stocks SGX: 0.08% no minimum (online), 0.18% min SGD18 (call-in) Stocks US: 0.01% min USD3.88 (online), 0.18% min USD18 (call-in) US fractional shares: flat USD0.38 per order Stocks HK: 0.08% min HKD28 (online), 0.18% min HKD88 (call-in)
Stock Etf Commission	SGX: 0.08% no minimum per order (online) US (NYSE/AMEX/NASDAQ): 0.01% min USD3.88 (online) HK (HKEX): 0.08% min HKD28/USD3.80/CNH23 (online) Japan (TSE): 0.1% min JPY380 (online) Malaysia (KLSE): 0.08% min MYR18/USD4.50 (online) China A (SZSH): 0.08% min CNH50 (online)
Options Commission	Exchange and clearing fees apply per contract Rates vary by exchange and contract type Options trading calculator available on NOVA platform Contact dealing desk for specific rates: +65 6538 0500
Futures Commission	Micro E-mini S&P 500 (MES): USD1.35 all-in per contract Micro Gold (MGC): USD1.60 all-in per contract Micro WTI Crude Oil (MCL): USD1.50 all-in per contract Commission component: USD0.98 per contract on CME micro futures Full-size contract rates vary: contact dealing desk
Financing Rates	CFD overnight financing: benchmark rate +/- 3% markup USD: SOFR Index, SGD: SORA Index, GBP: SONIA Index Formula: nights held x (closing price x size x (benchmark +/- 3%) / 360) 365-day divisor for SG, HK, Japan, UK markets; 360 for others
Margin Interest Rate	Forex margin: 5% initial (20x leverage) for retail accounts Shares margin trading available on approved accounts Contact support for current margin interest rates
Overnight Fees	Forex: Swap fees based on interest rate differential between currency pairs CFDs: Holding cost includes overnight financing, dividend adjustments Short CFD positions may incur hard-to-borrow costs
Non Trading Fees	Zero platform fees Zero custodian fees Zero account maintenance fees SGX clearing fee: 0.0325%, trading fee: 0.0075% SGX settlement instruction fee: SGD0.35 per counter per direction
Deposit Fee	0
Withdrawal Fee	Varies by withdrawal method Contact support for specific details
Currency Conversion Fee	Currency conversion available via Client Portal or Forex desk Contact Forex desk at +65 6536 7200 for live quotes MT5 is a USD-based account (no conversion needed)
Data Feed Fees	Real-time market data included with platform Exchange-specific data fees may apply for certain markets
Order Modification Fee	0
Vip Fee Tiers	Phillip Nova Prestige: Preferential pricing on trades Enhanced margin terms for accredited investors Contact [email protected] for Prestige details

Minimum Spreads	Forex (MT5): EUR/USD 0.6 pips, USD/JPY 0.6 pips, AUD/USD 0.6 pips Forex (MT5): GBP/USD 0.7 pips, USD/SGD 0.8 pips, EUR/GBP 0.8 pips Forex (NOVA): Spreads from 0.8 pips on 31 pairs CFD indices: SPX500 0.6, UK100 0.8, NAS100 1.3 (index points) CFD shares: Tesla 0.09, Apple 0.076, Nvidia 0.09 (USD)
Maximum Leverage	Forex: Up to 1:20 (5% initial margin) for retail accounts Futures: Set by exchange margin requirements Accredited investors may access higher leverage Leverage varies by product and account type
Margin Call Level	Varies by product type and account Contact support for specific margin requirements
Stop Out Level	Automated liquidation when margin falls below required levels Different thresholds for different product types
Negative Balance Protection	Available for retail accounts Auto-conversion may apply if account at risk of over-loss
Settlement Period	SGX stocks: T+2 settlement US stocks: T+1 settlement CFDs and forex: settle same day Futures: per exchange settlement rules
Order Execution Quality	Direct market access through 21 global exchange memberships Fast execution on HTML5-based NOVA platform Market depth visibility for informed order placement Real-time push notifications and order confirmations

Stocks Count	5,000
Etfs Count	1,000
Crypto Count	10
Forex Pairs Count	40
Product Universe Overview	11,000+ total instruments across all asset classes Forex: 40+ pairs on MT5, 31 pairs on NOVA 2.0 MT5: 650+ assets (forex, indices CFDs, shares CFDs, crypto CFDs, energy, precious metals) Stocks, ETFs, DLCs, structured warrants via NOVA Futures and options across 21 global exchanges
Geographic Market Coverage	21 global exchange clearing memberships SGX, CME Group (CME/CBOT/NYMEX/COMEX), HKEX, JPX BMD (Malaysia), TFEX (Thailand), NSE (India) ICE Singapore, DGCX, ICDX, APEX, TOCOM US, UK, European, and Australian equity markets
Major Markets Details	Singapore Exchange (SGX): Full founding clearing member CME Group: CME, CBOT, NYMEX, COMEX memberships Hong Kong Exchange (HKEX): Stocks and derivatives Japan Exchange Group (JPX): TSE equities and derivatives US equities: NYSE, AMEX, NASDAQ
Emerging Markets Details	Bursa Malaysia Derivatives (BMD) Thailand Futures Exchange (TFEX) National Stock Exchange of India (NSE) China A-shares via SZSH (Shanghai/Shenzhen) Indonesia Commodity & Derivatives Exchange (ICDX)
Base Currencies Supported	SGD, USD, HKD, EUR, GBP, JPY, AUD, CNH, MYR, THB

Trading Platforms Overview	NOVA 2.0: Proprietary multi-asset platform with TradingView charting and NOVA.I AI assistant Phillip MetaTrader 5: Forex, CFDs, precious metals with Expert Advisors and free trade signals TradingView: Direct charting and trade execution integration Web, desktop app, and mobile access for all platforms
Desktop Platform	NOVA Desktop: Downloadable application with full customizable layout Multi-monitor support with up to 4 live charts simultaneously Market depth tool and calendar spread tool MetaTrader 5 desktop with Acuity AnalysisIQ plugin Trading Central Analyst Views indicator on MT5
Mobile App	NOVA mobile app for iOS and Android Full trading of stocks, forex, futures, CFDs on mobile TradingView charts and 100+ indicators Real-time push notifications and price alerts 2FA and biometric login security NOVA.I AI assistant accessible on mobile
Web Platform	NOVA Web: Fully responsive browser-based platform No download needed, works on any modern browser Same features as desktop version including TradingView charts Secure HTTPS connection with 2FA authentication
Trading Tools And Features	Market depth tool for order book visibility Calendar spread tool for futures trading Options trading calculator 100+ technical indicators and drawing tools Customizable watchlists and trading layouts Real-time price alerts and trade notifications
Charting And Technical Analysis	TradingView powered charting on NOVA HTML5 responsive charts with up to 4 live charts 100+ technical indicators and multiple timeframes Trading Central pattern recognition and signals Acuity AnalysisIQ market insights (MT5 desktop) NOVA.I AI assistant for on-demand analysis
Risk Management Tools	Stop-loss and take-profit orders Trailing stops available Real-time P&L monitoring across all positions Margin level tracking and alerts Position sizing tools Single-ledger view across all asset classes
Order Types Available	Market orders Limit orders Stop orders Stop-limit orders Trailing stops Good-till-cancelled (GTC) Day orders Fill-or-kill (FOK) Immediate-or-cancel (IOC)
Integrations And Api Access	MetaTrader 5 Expert Advisor support for algo trading TradingView integration for charting and execution Acuity AnalysisIQ plugin for MT5 desktop No public API access documented
Third Party Platforms	MetaTrader 5 TradingView Acuity AnalysisIQ (MT5 plugin) Trading Central (research integration)
Api Rate Limits	No public API availability documented Contact support for institutional API inquiries
Algo Trading Support	MetaTrader 5 Expert Advisors supported Build and automate trading robots on MT5 Backtesting available within MT5 strategy tester

Customer Support Overview	Client Service Desk: +65 6538 0500 Forex Desk: +65 6536 7200 Email: [email protected] VIP support: [email protected] Round-the-clock dealing and technical support teams
Phone Support Hours	Dealing desk: Round-the-clock during market hours Client service: Office hours (Monday to Friday) Technical support: Extended hours available
Live Chat Availability	Not specified on website Contact via phone or email preferred
Email Response Time	Within 24-48 hours during business days VIP accounts: Priority response via [email protected]
Languages Supported	English Mandarin Chinese (website available in CN)
Local Office Presence	HQ: 250 North Bridge Road, Raffles City Tower, #07-01, Singapore 179101 Part of PhillipCapital Group with offices in 15 countries
Account Manager	Phillip Nova Prestige: Dedicated customer relationship expert Standard accounts: General support team via phone and email
Educational Resources Overview	NOVA.I AI assistant for on-demand learning and market Q&A Video user guide series (6 tutorials covering platform basics) 30-day free demo account for practice Free webinars and seminars on trading topics CKA/CAR learning modules for SIP products
Beginner Resources	30-day demo account for risk-free practice Video tutorials on platform navigation and order placement NOVA.I answers beginner-level trading questions CKA/CAR education modules for required qualifications
Webinars And Tutorials	Regular webinars on market trends and strategies 6-part NOVA user guide video series Trading competition programmes Platform tutorial videos for MT5 and NOVA
Market Analysis And Research	Trading Central premium research and technical signals Acuity AnalysisIQ AI-powered trade ideas Real-time market news feeds Economic and trading calendar Daily headlines and analyst reports
Demo Account Details	30-day free demo available Same features as live accounts Practice with virtual funds Available for NOVA and MT5 platforms
Trading Courses	No formal structured courses documented Educational seminars and webinars available CKA/CAR SIP learning modules (regulatory requirement) NOVA.I provides on-demand learning
Tax Reporting Help	Trade confirmations and monthly statements provided Access to statements via Client Portal Consult tax professional for Singapore tax requirements

Regulation Overview	Regulated by Monetary Authority of Singapore (MAS) Capital Markets Services License holder Founded 1983 as founding clearing member of SGX-DT Member of PhillipCapital Group (15 countries, 1M+ clients) Over 40 years of continuous regulatory compliance
Primary Regulator	Monetary Authority of Singapore (MAS)
License Number	Company Reg No: 198305695G Capital Markets Services License for dealing in stocks, futures/derivatives contracts, and leveraged foreign exchange
Investor Protection Scheme	Client fund segregation under MAS requirements MAS regulatory oversight and compliance audits Part of PhillipCapital Group with USD 35B+ assets under custody Shareholders' funds exceeding USD 1.5 billion
Security Features	Two-factor authentication (2FA) for all logins Biometric login on mobile app Secure HTTPS encrypted connections Regular security audits and compliance reviews Customer Knowledge Assessment (CKA/CAR) for SIP products

Commission Tiers

Standard flat-rate pricing for all accounts
Preferential rates for Phillip Nova Prestige members (SGD 250,000+)
Online trades cheaper than call-in trades across all markets
Contact dealing desk for specific futures commission rates

Trading Fees

Forex (MT5): Zero commission, spreads from 0.6 pips
Forex (NOVA): US$8 per lot, spreads from 0.8 pips
CFDs: Zero commission on both platforms (spread-based)
Stocks SGX: 0.08% no minimum (online), 0.18% min SGD18 (call-in)
Stocks US: 0.01% min USD3.88 (online), 0.18% min USD18 (call-in)
US fractional shares: flat USD0.38 per order
Stocks HK: 0.08% min HKD28 (online), 0.18% min HKD88 (call-in)

Stock Etf Commission

SGX: 0.08% no minimum per order (online)
US (NYSE/AMEX/NASDAQ): 0.01% min USD3.88 (online)
HK (HKEX): 0.08% min HKD28/USD3.80/CNH23 (online)
Japan (TSE): 0.1% min JPY380 (online)
Malaysia (KLSE): 0.08% min MYR18/USD4.50 (online)
China A (SZSH): 0.08% min CNH50 (online)

Options Commission

Exchange and clearing fees apply per contract
Rates vary by exchange and contract type
Options trading calculator available on NOVA platform
Contact dealing desk for specific rates: +65 6538 0500

Futures Commission

Micro E-mini S&P 500 (MES): USD1.35 all-in per contract
Micro Gold (MGC): USD1.60 all-in per contract
Micro WTI Crude Oil (MCL): USD1.50 all-in per contract
Commission component: USD0.98 per contract on CME micro futures
Full-size contract rates vary: contact dealing desk

Financing Rates

CFD overnight financing: benchmark rate +/- 3% markup
USD: SOFR Index, SGD: SORA Index, GBP: SONIA Index
Formula: nights held x (closing price x size x (benchmark +/- 3%) / 360)
365-day divisor for SG, HK, Japan, UK markets; 360 for others

Margin Interest Rate

Forex margin: 5% initial (20x leverage) for retail accounts
Shares margin trading available on approved accounts
Contact support for current margin interest rates

Overnight Fees

Forex: Swap fees based on interest rate differential between currency pairs
CFDs: Holding cost includes overnight financing, dividend adjustments
Short CFD positions may incur hard-to-borrow costs

Non Trading Fees

Zero platform fees
Zero custodian fees
Zero account maintenance fees
SGX clearing fee: 0.0325%, trading fee: 0.0075%
SGX settlement instruction fee: SGD0.35 per counter per direction

Deposit Fee

Withdrawal Fee

Varies by withdrawal method
Contact support for specific details

Currency Conversion Fee

Currency conversion available via Client Portal or Forex desk
Contact Forex desk at +65 6536 7200 for live quotes
MT5 is a USD-based account (no conversion needed)

Data Feed Fees

Real-time market data included with platform
Exchange-specific data fees may apply for certain markets

Order Modification Fee

Vip Fee Tiers

Phillip Nova Prestige: Preferential pricing on trades
Enhanced margin terms for accredited investors
Contact [email protected] for Prestige details

Phillip Nova 2.0

Overview

Pros

Cons

Key Highlights

Key Benefits

VIP Program

Available Tools

Detailed Information

Related Products

Pros

Cons