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Your research context: Singapore · MAS

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Scope, limitations and evidence

Regulatory registration and eligibility to open an account are separate checks.

  • Phillip Nova

    PHILLIP NOVA PTE. LTD.

    MAS · Identifier not recorded

    Matched to regulator records · recorded active

    Scope, limitations and evidence

    MAS: authority match recorded. Licence number not recorded.

    Entity location is not a residence-based account-opening permission. These examples retain their original source-check dates; no new licence verification is claimed.

    Scope, limitations and evidence ↗ · 2026-08-20

The comparison or profile below also includes brand-wide information. It may not all apply to the entities above.

Phillip Nova

Singapore · MAS

Only documents for this country/regulator. Account-opening approval remains a separate check.

Costs · Platforms

Terms for the named entities. Minimum spreads are not total costs or a cheapest-first ranking.

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Other scope: brand-wide and other-entity records

These preserved records are not restricted to the selected entity. Do not apply another entity’s terms to the entity above.

Phillip Nova

  • Catalog records
Brand overview and official site
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Official website snapshot
An official website snapshot is not on file for this broker.

Official website snapshot

File section · 04

Trading conditions

Advertised figures are published by the broker. Observed figures are FXVeritas measurements and are not currently monitored.

Platforms
Phillip MetaTrader 5 / NOVA
Minimum deposit
No first-time deposit required for individual or joint accounts
Maximum leverage
See account-specific conditions below
Account types
Multi Asset Account / Forex and CFD Account
Commission
No commission on forex and precious metals / No commission on forex and precious metals
Advertised minimum spread
Major FX spreads from 0.6 pips
Swap-free option
Not available
Copy trading
Available

Not in file — Base currencies

By account type

Multi Asset Account

No commission on forex and precious metals

Forex and CFD Account

Instrument-specific leverage ratio or initial-margin requirement. · No commission on forex and precious metals · Major FX spreads from 0.6 pips

Funding and non-trading fees on file

  • Currency conversion0.05% to 0.12% for popular markets, embedded in the exchange rate.Phillip Nova products traded or settled in a currency different from the account base currency.Official source
  • Deposit feePayNow, FAST, Bill Payment and eNETS · No fee.Phillip Nova Singapore; listed deposit methods.Official source
  • Payment processingTelegraphic transfer deposit · USD 10 processing-bank fee.Phillip Nova telegraphic-transfer deposits.Official source
  • Withdrawal feeWithdrawal form · USD 20 or SGD 30 excluding GST; portal requests avoid this form fee.Phillip Nova Singapore; withdrawal-form submissions.Official source

Known evidence gaps

These items remain unresolved after checking the cited official sources. Unknown does not mean unavailable.

  • Inactivity feeIrreducible unknown for Phillip Nova Pte Ltd: the public fee schedule gives no fixed inactivity charge; legal terms reserve discretionary maintenance or service charges and MT5 access may be suspended for no trading activity, but neither establishes a stable inactivity-fee amount or trigger.Checked source 1Checked source 2Checked source 3

Official evidence

Advertised figures are not observed spreads. Observed data is not currently monitored. Last checked: Aug 22, 2026, 00:00 UTC

Spread intelligenceSwap intelligence

Not monitored — No observed data. Not currently monitored.

Research changes

These are saved research additions, not dates when a regulator changed a licence. Previous source-check and import records remain in the audit archive.

  1. · Source check

    Phillip Nova · Phillip Nova Pte Ltd · costs source check

    Primary source ↗Open research file →

  2. · Source check

    Phillip Nova · Phillip Nova Pte Ltd · protection source check

    Primary source ↗Open research file →
View full research history →