Discover a World of Opportunities with the World-Renowned Phillip MetaTrader 5
Discover a World of Opportunities with World-Renowned Phillip MetaTrader 5
Access a wide range of charting options, technical indicators, and timeframes for precise market analysis.
Utilise advanced order types and stop-loss features to manage risk effectively and protect your investments.
Automate your trades with expert advisors (EAs) and custom scripts for efficient, hands-free trading.
Simplify your decision-making process with high quality and actionable trade ideas from Acuity Signal Centre.
Minimum commission eating away your profits on Shares CFD? Trade as little as 1 share CFD and pay no commission.
Regulated by the Monetary Authority of Singapore (MAS) with over 40 years of experience, ensuring your funds are safe.
Trade indices CFD from 0.1 lot.
(Tick value as low as US$0.01)
Our dealing and IT teams stand ready to support your trading needs across all market sessions.
Submit an online account opening form to get started. Apply now!
Deposit funds with PayNow/Fast Transfer from your client portal.
Click here for full funding options.
3. Start trading once you have funded your new account.
Phillip Nova (formerly known as Phillip Futures) was inaugurated in 1983 as a member of PhillipCapital Group and is one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT). We have since grown to become one of the region’s top brokerages for the trading of Stocks, CFD, Forex, global Futures and Commodities. The Group has clearing memberships in 21 global exchanges, including APEX, BMD, CME Group exchanges, DGCX, HKEX, ICDX, ICE Singapore, JPX Group exchanges, NSE, TFEX, TOCOM and SGX.
There are no charges for opening a live account. You can view our prices, use our charting tools and full access to our integrated trading tools. Placing a trade will require funds that is more or equal to the initial margin requirement.
There are two key costs to note when trading FX or CFD; Spreads and Holding/Swap Fee (for positions held overnight).
The spread which is the difference between the buying and selling price of an instrument is the key cost for FX & CFD trading. The smaller the difference, the cheaper the cost of trading.
Holding fee for CFDs or Swap Rates for FX is applied to positions held past the specific market close and New York Close respectively. Holding Fees/Swap Rates can be found under “Specifications” on the Phillip MT5 platform.
Margin rates for FX starts from 5% for regular clients. Accredited Investors & Expert Investors are able to receive margin rates from 2%
Margin rates for CFDs varies depending on asset classes. Global indices starts from 5%, equities from 10%, and commodities from 20%.