MASSingaporeTier 1Licence number
Unreleased
View licence record- Licence holder
- Held by Phillip Nova
- Licence type and regime
- Retail Forex License
Not checkedUpdated
At a glance
Regulation on record for Phillip Nova
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
Phillip Nova has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for Phillip Nova, strongest authority first.
1 record
- MASSingaporeTier 1
Protection
What this licence protects
MAS's own rules for the firms it authorises.
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Complaints routeFIDReC
- Maximum leverage1:20
Frequently Asked Questions
Questions about the licences held by Phillip Nova
Answered from the register entries on this page.
Most Popular Questions
Phillip Nova prohibits clients from the USA, North Korea, Iran, and other sanctioned countries. Its regulatory coverage primarily includes Singapore and some global clients in Asia.
Phillip Nova provides customer support via phone, live chat during business hours, and email at nova@phillip.com.sg. Support is available in English and the broker's office is located in Singapore.
According to WIKILIX data, Phillip Nova offers a maximum leverage of up to 500. This is higher than the leverage limit set by its regulator, MAS, which is 20 for retail forex trading.
Phillip Nova accepts deposits via DBS/POSB Internet Banking, FAST, PayNow QR Code, Telegraphic Transfer, internal transfers, and credit/debit cards. Deposits through DBS/POSB and PayNow are credited within one hour with no fees, while telegraphic transfers incur a USD 10 fee plus possible bank charges. Credit and debit card deposits have fees of 2.5% for Singapore-issued cards and 3.5% for others.
Phillip Nova provides the MetaTrader 5 platform, which supports desktop use and offers multi-asset trading including forex, stocks, and futures. MetaTrader 5 is known for advanced analytics, faster execution, and algorithmic trading tools.
Phillip Nova is regulated by the Monetary Authority of Singapore (MAS), a tier 1 global regulator. It holds a Retail Forex License and follows strict fund segregation rules, although there is no mandatory client fund insurance. The broker operates under onshore regulation with high transparency and a complaint mechanism via FIDReC.
Phillip Nova has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Phillip Nova holds licence records issued by MAS. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by Phillip Nova comes from tier-1 or tier-2 authorities (1 tier-1, 0 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by Phillip Nova has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
Phillip Nova has licence records in Singapore. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.