Phillip Nova Account Type

　　Phillip Nova offers a variety of account types to cater to different trading needs. The main account types include:

• Multi Asset Account (Phillip Nova 2.0)
• Asset Classes Available: CFDs, ETFs, Forex and Precious Metals, Futures & Options, Stocks.
• Ideal For: Traders looking for a diverse range of trading options across multiple asset classes.
• Forex and CFD Account (Phillip MT5)
• Asset Classes Available: CFDs, Forex and Precious Metals.
• Ideal For: Traders primarily focused on trading CFDs and currency pairs.
• Corporate Accounts
• Minimum First Time Deposit: SGD 30,000 for companies incorporated in Singapore/Malaysia; USD 50,000 for others.
• Ideal For: Corporate entities looking to diversify their investment portfolios.

　　All individual and joint accounts have no minimum deposit requirement.

　　

Phillip Nova Broker Account Opening Process

　　Opening an account with Phillip Nova is a straightforward and efficient process. Here are the steps involved:

• 　　Choose Your Account Type: Decide whether you want to open a Multi Asset Account or a Forex and CFD Account.

• 　　Application Process:

  　　

• For Singpass Users:
• Log in securely using Singpass and complete your application via MyInfo in just a few minutes.
• For Non-Singpass Users:
• Complete the application online using an AI-powered identity verification tool. The process typically takes only a few minutes.
• Required Documents:

  　　For individual or joint accounts, you will need:

• A valid government-issued ID (NRIC, passport, etc.).
• Supporting documents for your mailing address (if different from your residential address), such as utility bills or bank statements (not older than 3 months).
• Additional documents may be required depending on your residency status.

• 　　Submit Your Application: After filling out the application form and attaching the necessary documents, submit your application for review.

• 　　Funding Your Account: Once your application is approved, you will receive an email with your account number(s). You can fund your account using various methods like Fast, PayNow, etc. There is no minimum funding requirement for individual accounts.

• 　　Start Trading: After funding your account, you can begin trading almost immediately.

　　For more details, please refer to the following sources:

• Phillip Nova Account Opening
• Phillip Nova Review 2024
• Phillip Nova Online Brokerage Singapore