ANSWER Phillip Nova is a regulated broker with regulation in the Monetary Authority of Singapore (MAS). For more details of this broker, please check our full Phillip Nova review.With the passing of the MAS Act in 1970, MAS was given the authority to regulate the financial services sector in Singapore. As an integrated financial supervisor, MAS not only fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore but also provides robust complaint ways for traders who have received unfair treatment in their trading activities. Therefore, this broker is considered a reliable broker by comparison with unregulated and weak-regulated brokers.
See more