Phillip Nova

What Phillip Nova does

Phillip Nova Pte Ltd is a Singapore-headquartered multi-asset online brokerage and a wholly-owned member of the PhillipCapital Group, operating since 1983 under a Capital Markets Services License from the Monetary Authority of Singapore covering stocks, futures/derivatives contracts and leveraged foreign exchange. The firm serves three customer segments — Retail Investors, Institutional Investors, and Active/Professional Traders — across Singapore and regional markets including China, Hong Kong, Japan, Malaysia, the United States and Thailand, offering access to a broad product set spanning stocks and ETFs on SGX, HKEx, JPX, NYSE/AMEX/NASDAQ and China A-shares, futures and options on nine global exchanges plus SHFE, CFDs on indices, commodities, shares, ETFs and cryptocurrencies, spot FX, precious metals (both cash-settled GDI/SDI and physical delivery), ETPs, share margin financing, and Non-Deliverable Forwards.

The technology stack is built around a tri-platform client ecosystem: the proprietary NOVA platform (web and mobile) for direct-from-chart trading with 90+ technical indicators and four-chart layout; a branded Phillip MetaTrader 5 suite for zero-commission CFD, Forex and spot gold/silver trading with Trading Central integration; and TradingView for charting, screening and social trading. The firm maintains an in-house analyst desk whose market commentary on gold, FX and commodities is referenced by WSJ and Bloomberg, and supports a multi-language digital presence including a full simplified-Chinese site and active WeChat and Xiaohongshu channels.

Phillip Nova's revenue is generated entirely on a transaction-fee basis: commissions on equities (0.08% for SGX/HKEx/JP/MY/CN-A online, 0.01% US), futures per-contract fees (e.g., USD1.60 CME Micro Gold all-in), embedded spreads on FX and CFDs (EURUSD from 0.6 pips), overnight financing on CFD positions at benchmark rate + 3% markup, and precious-metals commissions and admin fees (USD1 per transaction plus 1% p.a. on GDI/SDI). Customer acquisition is largely digital and educational — webinars, 1-1 coaching, Trading 101 content, social media and a Young Investors Programme — supplemented by a dedicated institutional sales desk for larger accounts. As a private subsidiary, Phillip Nova does not publish revenue figures and operates without external funding rounds.

Name

Phillip Nova

Legal name

Phillip Nova Pte Ltd

Website

https://phillipnova.com.sg

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

101–250 employees

Short description

Phillip Nova is a Singapore-headquartered multi-asset online brokerage, licensed by MAS and part of PhillipCapital Group, serving retail, institutional and active traders with stocks, futures, options, FX, CFDs and precious metals across nine global exchanges plus SHFE via proprietary NOVA, MetaTrader 5 and TradingView platforms.

Ownership category

akta.pro rank

Product category

Online Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Retail FX/CFD Broker Trading Venues (FSAFADAD)

Keywords

• Multi-asset brokerage
• Online trading services
• Futures and options trading
• Forex and CFD trading
• Precious metals investment

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Stock & ETF Trading Commissions: Commission-based revenue from equity trading across multiple exchanges. Online trades charged at 0.08% for major markets (Singapore, Hong Kong, Japan, Malaysia, China A) with minimum order fees. US stocks at 0.01% minimum or fractional share flat fee of USD0.38. Call-in trades at higher 0.18% rates.
2. Forex Trading Spreads: No separate commission charges; revenue generated through embedded spreads. Currency conversion costs range from 0.05% to 0.12% for popular markets, reflected in exchange rates.
3. CFD Trading: Zero commission CFD trading with revenue from overnight financing charges (swap/holding costs). Holding rate formula based on benchmark rates (SOFR, ESTRON, SONIA, SORA, etc.) plus markup of 3%, calculated against previous day closing prices.
4. Futures & Options Trading: Per-contract, per-side commission plus exchange and regulatory fees. All-in fees standardised for major CME contracts including Micro Gold (USD1.60), Micro WTI Crude (USD2.02), Micro E-mini S&P 500 (USD1.72).
5. Gold & Silver Direct Investment (GDI/SDI): Cash-settled precious metals investment with USD1 commission and 1% p.a. admin fee on daily settlement price. Physical gold bars and coins sold with premium charges (US$35-40/oz).

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels7 records

Core offering

Phillip Nova is a Singapore-based multi-asset online broker licensed by the Monetary Authority of Singapore, offering retail and institutional clients access to trade stocks, ETFs, CFDs, forex, futures, options, commodities, precious metals, and cryptocurrencies through its proprietary NOVA platform, the Phillip MetaTrader 5 suite, and a TradingView integration. Revenue is generated through trading commissions, spreads, overnight financing, and admin fees across global exchanges spanning Singapore, Hong Kong, US, Japan, China, and Malaysia.

Product overview

Phillip Nova is a multi-asset online broker and a member of the PhillipCapital Group, licensed by the Monetary Authority of Singapore. The company offers a unified platform ecosystem comprising three proprietary or integrated trading platforms — Phillip MetaTrader 5, NOVA (web and mobile), and TradingView — through which clients access a broad portfolio of financial products spanning CFDs (Indices, Commodities, Cryptocurrencies, Shares, ETFs), Spot Forex, Precious Metals (spot and GDI/SDI), Futures and Options across global exchanges (CME, CBOT, NYMEX, COMEX, BMD, HKEx, JPX, SGX, TFEX, SHFE), Shares (with margin financing), ETPs, and Non-Deliverable Forwards (NDFs). The platform also enables fractional share trading and amount-based orders for US equities. A 2026 milestone saw the firm approved by the Shanghai Futures Exchange as an overseas intermediary futures broker.

Differentiator

Problem solved

Functional benefit

Brands

• NOVA: Proprietary trading platform offering stock index, commodity, currency and interest rate futures trading with over 90 technical indicators and customisable layout.
• Phillip MetaTrader 5 Suite
• TradingView
• Gold & Silver Direct Investment (GDI & SDI)
• Phillip Nova Prestige Account

Products and services

• NOVA Trading Platform Phillip Nova's proprietary multi-asset trading platform available on web and mobile, enabling direct chart trading of stock index, commodity, currency and interest rate futures with over 90 technical indicators (EMA, Bollinger Bands, RSI, MACD, Ichimoku Cloud), up to 4 live charts, customisable layout, and live market news.
• Phillip MetaTrader 5 Suite Industry-standard MetaTrader 5 platform delivered under Phillip Nova's brand for zero-commission CFD, Forex, and Spot Gold and Silver trading, with spreads from 0.6 pips, Trading Central integration, pattern recognition tools, and charting indicators.
• TradingView Integration Integration of TradingView's charting platform as a supported trading interface for Phillip Nova clients, providing advanced charts, a stock screener, an economic calendar, market news, and a social trading network for traders and investors.
• Stocks Trading Stock trading across multiple exchanges including US (NYSE, AMEX, NASDAQ), Singapore (SGX), Hong Kong (HKEX), Japan (TSE), Malaysia (KLSE), and China A (SZSH), with fractional share trading and amount-based orders supported for US exchanges; covers shares, Daily Leverage Certificates (DLCs) and Structured Warrants.
• CFDs Contracts for Difference (CFDs) allowing speculation on price movements of underlying assets including Indices, Commodities, Cryptocurrencies, Shares and ETFs without physical ownership, with zero commission and overnight financing charges based on benchmark rates plus a 3% markup.
• Forex Trading Spot Forex trading on a 24-hour basis from Sunday 5:00 PM to Friday 5:00 PM New York Time, with standard contract size of 100,000 base currency units, plus mini and micro contracts; no commission charges, with revenue from spreads and swap fees.
• Futures and Options Exchange-traded Futures and Options contracts across global exchanges including CME, CBOT, NYMEX, COMEX, BMD, HKEx, JPX, SGX, TFEX and others, covering equity indices, commodities, currencies, and interest rate products; charged per-contract, per-side plus exchange and regulatory fees.
• Commodities Trading Commodity futures and CFD trading including Energy (Crude Oil, Brent Crude, Natural Gas, Kerosene, Gasoline), Metals (Gold, Silver, Copper, Palladium, Platinum), and Agricultural products (Corn, Soybeans, Wheat, Cotton, Cocoa, Coffee, Sugar).
• Precious Metals Trading Precious metals trading and investment including Loco London Gold and Silver, Mini Gold and Silver, Gold Crosses (EUR, JPY, SGD), Gold and Silver Direct Investment (GDI/SDI), and Futures and Options on COMEX; physical gold coins and bars (Canadian Maple Leaf 1 oz, Royal Canadian Mint Gold Bar) are also available for purchase.
• Cryptocurrency Trading Cryptocurrency trading via CFDs on Bitcoin and Ethereum (long and short), with Ripple and Litecoin available for long positions only; underlying cryptocurrencies are held OTC with Phillip Nova as counterparty.
• ETPs (Exchange-Traded Products) Exchange-Traded Products including ETFs, Structured Warrants, and Daily Leverage Certificates traded on Singapore Exchange (SGX) and other exchanges.
• Indices Trading Index CFDs and futures trading across global stock market indices including US, European, and Asian benchmarks.
• Shares Margin Trading Margin financing for purchase of stocks and ETFs held in a trading account, with collateral haircuts, security price caps, single-security limits, and maximum loan value controls; multi-currency financing is supported.
• Non-Deliverable Forwards (NDFs) Cash-settled, short-term forward contracts where the notional amount is never exchanged; used to hedge or speculate against restricted currencies, call-in execution only, minimum contract size USD 250,000, with profit/loss denominated in US Dollars.
• Institutional Brokerage Services Dedicated institutional services page and sales desk offering bespoke trading solutions, premium support, institutional pricing, and access to the broader product suite for corporate clients, funds, and high-net-worth individuals.
• Phillip Nova Prestige Account Premium account offering for clients seeking enhanced services and preferential treatment within the Phillip Nova brokerage.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Two partnerships are on record, tiered significant and core.

• Shanghai Futures Exchange (SHFE)significantStrategic or Co-development PartnerPhillip Nova was approved by Shanghai Futures Exchange as an overseas intermediary futures broker, enabling clients to trade SHFE's internationalized products directly alongside domestic Chinese investors. This partnership expands access to China's futures market for international traders.
• TradingViewcoreTechnology or IntegrationIntegration partnership providing access to TradingView's world-renowned charting platform with stock screener, economic calendar, market news and social trading network. Phillip Nova is listed as a TradingView broker partner.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Plus500: Plus500 is a publicly listed multi-asset CFD broker with a proprietary trading platform serving retail clients across global markets including Asia. It directly overlaps with Phillip Nova's CFD revenue model and competes on simplicity, pricing, and platform experience.
• IG Group: IG Group is a leading global CFD and spread betting broker offering forex, indices, commodities, shares and crypto via proprietary platforms. It directly overlaps with Phillip Nova's leveraged FX, CFD and futures product mix and competes in the same Asian active-trader segment.
• Interactive Brokers: Interactive Brokers is a global multi-asset broker serving retail and institutional clients across 150+ markets with deeply competitive commissions and spreads. It is a direct competitor to Phillip Nova's institutional and active trader segments, particularly for cross-border multi-exchange execution.
• Tiger Brokers (UP Fintech Holding): Tiger Brokers is an Asia-focused multi-asset online broker offering global equities, futures, options and fund products with a strong retail and younger-investor focus. It directly competes with Phillip Nova in Singapore and greater China with comparable commission-based revenue and digital-first onboarding.
• OANDA: OANDA is a global retail FX and CFD broker with a Singapore-regulated entity serving Asia-Pacific clients. It competes with Phillip Nova on FX spreads, CFD product set, and platform technology (MT4/MT5 and proprietary tooling) in the same regional customer base.
• Saxo Markets (Saxo Bank): Saxo Markets is a Singapore-regulated multi-asset broker offering stocks, FX, futures, options, CFDs and commodities through proprietary and third-party platforms. It is the most direct comparable to Phillip Nova given its overlapping Singapore base, MAS license, and similar product breadth across global exchanges.
• City Index (Gain Capital): City Index is a global multi-asset broker specializing in FX, CFDs, and spread betting across indices, shares and commodities. Its product mix and active-trader focus closely match Phillip Nova's leveraged offering, making it a relevant peer in the CFD broker category.
• CMC Markets: CMC Markets is a global CFD and spread betting provider with a strong Singapore and Asia-Pacific presence. Its product focus on CFDs, FX, indices, commodities and shares mirrors Phillip Nova's leveraged product offering, making it a closely comparable broker for active retail traders.

Regional players

• KGI Securities (Singapore): KGI Securities is a Singapore-based regional broker offering equities, futures, and wealth management products primarily to retail and institutional clients in the Asia-Pacific region. It competes with Phillip Nova on Singapore market share, exchange access, and similar commission-based revenue streams.

Emerging players

• Futu Holdings (moomoo): Futu Holdings operates moomoo, a digital-first multi-asset broker with a strong following among younger Asian retail investors. It competes with Phillip Nova on US and Asia equities access, fractional shares, and social/community-driven trading features in the same customer demographic.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Phillip_Nova
• YouTubeyoutube.com/c/PhillipNova
• Facebookfacebook.com/phillipnovasg
• LinkedInlinkedin.com/company/phillip-nova
• Instagraminstagram.com/phillipnovasg
• TikToktiktok.com/@phillipnovasg

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phillip Nova