Phoenix Markets Review: How It Compares | for 2024
This Phoenix Markets review has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about Phoenix Markets to give you the most comprehensive guide available.
Phoenix Markets is a world class broker that was founded in 2013. They have around 19 employees that help the company offer Financial Markets Access, to 10,000+ customers through MT4,mac,Android.iPhone/iPad.
Phoenix Markets Guide – Read our In-Depth Phoenix Markets Review
Phoenix Markets Rating: 4.98 / 10
This Phoenix Markets review page contains information about investing with Phoenix Markets. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of Phoenix Markets does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and United Kingdom.
This Phoenix Markets review contains the latest info about Phoenix Markets.
If you're a new entrant in the realm of online trading and brokers, so many nuances will no doubt be perplexing for you. Getting into the area of trading online requires expert analytical skills and thorough knowledge. You will get proficient at all the concepts of online trading and brokers while you continue trading. For starters, you have to select the right broker who'll consistently be transparent with you.
In the fast-paced world of stock markets and trading, you'll need advice to make sensible decisions. A professionally lead investment online broker could help you in minimising any losses and maximising any profits. Phoenix Markets is just one such platform which can help you. It is important to understand all you can about any broker until you trust them with your cash.
When engaging in online trading with platforms such as Phoenix Markets, it's crucial to carefully assess Phoenix Markets as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your Phoenix Markets investments to thrive. However, be cautious of counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent and methodical in your Phoenix Markets broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of Phoenix Markets, its track record, and reputation is vital. Moreover, ensure the Phoenix Markets broker's offerings, trading tools, fees, and regulation align with your requirements.
Remember, Phoenix Markets should be a reliable companion on your trading journey.
Our team has devoted their efforts to simplify the intricate world of trading with Phoenix Markets into easily understandable information in this Phoenix Markets review. Our goal is to equip you with the knowledge necessary to confidently use Phoenix Markets trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with Phoenix Markets are the cornerstone of successful trading. As such, we've provided this in-depth Phoenix Markets review. So, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about Phoenix Markets and how it can benefit you, or if Phoenix Markets might not be the right fit for you.
Phoenix Markets Guide for 2024 – Brief Overview
Phoenix Markets Telephone: | +44 203 514 2059 |
Phoenix Markets Support Email: | support@phoenixmarkets.com |
Phoenix Markets Address: | |
Year Founded: | 2013 |
Regulated By: | Cyprus Securities and Exchange Commission (CySEC) |
Hedquarters: | Cyprus |
Minimum Deposit: | $500 |
Number Of Clients: | 10,000+ Phoenix Markets users and traders |
Phoenix Markets LinkedIn: | https://www.linkedin.com/company/phoenix-marketscom/ |
Phoenix Markets Facebook: | https://www.facebook.com/PhoenixMarketscom/ |
Phoenix Markets Facebook Likes: | 35 |
Phoenix Markets Twitter: | @phoenixmarkets1 |
Phoenix Markets Twitter Followers: | 5 |
Phoenix Markets Instagram: | https://www.instagram.com/phoenixmarketsofficial |
Phoenix Markets Instagram Followers: | 11 |
Phoenix Markets Youtube: | |
Your capital is at risk |
Our full Phoenix Markets review for beginners covers all you need to learn about trading with Phoenix Markets. A fantastic agent can use your initial investments and help to protect it from losses but also give you a platform that can help to provide you positive profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment goals.
Of course, there is no sure-fire way to ensure profits; thus, you should carefully analyze your broker before you select them. It is a common misconception that all agents are the same, but that is not true. Wrong judgment, initially, can set your investments in danger.
Phoenix Markets is a trading partner which has paved its way successfully to the broker world. Within this review, we have tried to collate some of the vital aspects of Phoenix Markets. This guide will allow you to understand whether Phoenix Markets is a good fit for your investments or not. We've attempted to breakdown all the features and charges for your convenience.
Who are Phoenix Markets?
Phoenix Markets is a forex broker with its head office in Cyprus and provides a variety of instruments for online trading. Since its inception in 2013 they have emerged as a leading player in the field of online trading. Phoenix Markets includes an extremely competitive and full-featured trading website that's focused on currency, indices, metals, shares, commodities.
Over the past 11 years, Phoenix Markets has grown into one of the best online brokers available to the public.
After being founded in 2013, their consumer base has increased to 10,000+ clients.
Phoenix Markets is a favourite for many stock dealers . Our Phoenix Markets account review discovered that they're a reputable solution for online trading solutions. They're best suited for investors who are searching for an assortment of assets. Social and easy to use trading solutions are the heart at Phoenix Markets.
Technology plays a significant role in Phoenix Markets. They offers trading on MT4,mac,Android.iPhone/iPad. Phoenix Markets is fair, transparent, and a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The trader resource section at Phoenix Markets is very insightful for new traders since it allows them to have a closer look in the financial markets. Phoenix Markets caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.
Benefits of online trading with Phoenix Markets in 2024
Trading with Phoenix Markets includes numerous advantages. These advantages are what sets Phoenix Markets apart from all other online brokers. You should check all of the advantages listed so you have a better understanding of Phoenix Markets.
The agent goes to great lengths to comprehend what traders need. Consequently, the service, quick, and convenient. The agent also provides a number of programs for all kinds of traders. Phoenix Markets helps to ensure that the individual needs of all traders are met to the best of their capabilities.
Phoenix Markets also features excellent trading conditions which are available to all and not just an elite class of institutional clients. The tight spreads and quick executions are a great advantage for all traders. The technology embraced by Phoenix Markets is among the highest caliber, ensuring that it is fast, reliable, and efficient.
Phoenix Markets acknowledges the significance of having a quick order execution. A fast execution enables users to trade without worrying about slippage safely. It will also help the traders to grab any opportunities.
Phoenix Markets has over 97 trading instruments to support all types of traders. These instruments are dynamic and convenient for both the new and experienced traders. All traders can put aside all their worries when trading using Phoenix Markets.
Phoenix Markets Overview
Year Founded: 2013
Regulated By: Cyprus Securities and Exchange Commission (CySEC)
Hedquarters: Cyprus
Minimum Deposit: $500
Number Of Clients: 10,000+
Your capital is at risk
If you feel that Phoenix Markets is not right for you then at the bottom of this Phoenix Markets review you will find a lot of alternatives to Phoenix Markets.
Everything you ought to know about trading using Phoenix Markets
Phoenix Markets is a lively platform that provides various procedures of trading. These tools cover the monetary markets substantially. The Majority of the brokerage platforms provide fewer procedures than Phoenix Markets
If you would like to exchange with Phoenix Markets, you'll require a minimum deposit of $500. This deposit is required if you want to begin trading with Phoenix Markets. This 2024 Phoenix Markets review will direct you safely about trading with them.
Phoenix Markets is as versatile as any other brokerage platform. Phoenix Markets is ideal for traders who want a manageable selection of low-cost services. The programs supplied by Phoenix Markets are third party, white-label offerings. All traders may choose out of MT4,mac,Android.iPhone/iPad
Along with everything, Phoenix Markets has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a transaction must be kept open. The brokers provide premium customer service which rewards clients with advantages.
Many unethical brokers try to pressurise users into bigger financing for superior services. Phoenix Markets, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the more benefits will become available.
Phoenix Markets accounts are available around the world and provides excellent service wherever they have customers. There are only a select few countries where Phoenix Markets accounts are not available. Traders in the following countries cannot open or use a Phoenix Markets account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and United Kingdom.
Is Phoenix Markets Safe To Trade With In 2024?
Established in 2013, Phoenix Markets has been open for 11 years, they are headquarted in Cyprus
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC). These figures have rules that ensure that trading platforms have steps in place to maintain investor's assets secured. This usually means that Phoenix Markets users don't need to be worried about their money since it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's personal information as well.
You can make use of an option for Two Factor Authentications (2FA) with Phoenix Markets for heightened safety. An SMS for the verification code will be sent to a mobile phone. You will be required to enter this code to log in to your account.
Another concern with fiscal brokers with respect to safety might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is more prevalent in the example of Market Maker brokers who compete with customers on the stage.
Phoenix Markets Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Phoenix Markets
Every online trading platform has a few pros and cons Phoenix Markets review would be complete without showing both sides. This Phoenix Markets review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Phoenix Markets Pro's
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).
Phoenix Markets has been trading for 11 years.
Phoenix Markets offers customer support over the phone.
Phoenix Markets provides customer support over email.
Phoenix Markets gives access to customer support over livechat.
Phoenix Markets doesn't charge withdrawal fees.
Phoenix Markets doesn't charge inactivity fees.
You can trade Cryptocurrencies with Phoenix Markets.
Phoenix Markets allows scalping.
Phoenix Markets allows hedging.
You can trade metals with Phoenix Markets.
You can trade energies with Phoenix Markets.
Phoenix Markets Con's
Phoenix Markets is not highly rated by us. Phoenix Markets hasn't won any awards. Phoenix Markets doesn't offer guaranteed stop loss. Phoenix Markets doesn't offer negative balance protection. Phoenix Markets has a high minimum deposit requirement. Phoenix Markets doesn't have a wide range of trading instruments. Phoenix Markets only has a small staff. Phoenix Markets doesn't offer social trading. Phoenix Markets doesn't offer copy trading. Phoenix Markets doesn't allow commodity trading.Compare Brokers Similar To Phoenix Markets
Regulation And Licencing In More Detail
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).
Phoenix Markets, as a company, has a strong set of rules for ensuring honest trading on its platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Phoenix Markets Awards
At the time of writing this Phoenix Markets review, and despite Phoenix Markets’s impressive offering, the company has surprisingly not garnered any awards to date.Phoenix Markets Trading Platforms
Phoenix Markets are a reputable broker that has been operating for over 11 years. They offer a wide range of options in their customer accounts.
Below we take the main parts of any good brokerage and compare Phoenix Markets with Startrader, and freetrade.
Phoenix Markets MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with Phoenix Markets in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. Phoenix Markets MetaTrader 4 is compatible with the latest macOS. Phoenix Markets allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and Phoenix Markets
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With Phoenix Markets MetaTrader 4 On iOS Devices
You can download the Phoenix Markets app or also trade with Phoenix Markets through the MetaTrader 4 application on the Apple app store.
Download the Phoenix Markets MetaTrader 4 Program free of charge from Apple's App Store. Phoenix Markets customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With Phoenix Markets MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. Phoenix Markets provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Phoenix Markets MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit you must deposit to begin on Phoenix Markets is $500. This is a decent amount for people just beginning. You can make more advanced deposits as you go along. But, ensure that you know how to make the most of your money before investing in larger sums.
Commission And Fees Explained
Phoenix Markets is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the number of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 different types of fees for this purpose.
The first kind of fees to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these cases, you are paying a spread, financing rate, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people that are charged when you hold a leveraged position for longer than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for things like depositing money, not trading for lengthy periods, or withdrawals.
Generally, Phoenix Markets does not charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who often exchange, for example weekly or daily trading.
But, non-trading fees billed by Phoenix Markets are comparatively competitive. As a result, you're charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These aren't related to the sale and purchase of assets.
This Phoenix Markets review breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees Of Phoenix Markets
Phoenix Markets Withdrawal Fees Explained
Phoenix Markets doesn't charge withdrawal fees.Withdrawal of cash is possible at any moment from the Phoenix Markets account. You can draw sums up to the amount of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't necessarily have to have any money on your account.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn money will be sent into the cardPhoenix Markets will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you are opting to withdraw in.
Phoenix Markets Inactivity Fees Explained
Phoenix Markets doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges are indicated by Phoenix Markets, it's better that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is subjected to many conditions and should be revealed clearly by the agent beforehand.
Phoenix Markets Deposit Fees Explained
When you transfer money into your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this operation.
Phoenix Markets doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash into the Phoenix Markets trading platform is easy. You simply need to finish a single-user profile survey to start depositing money into your trading account. You'll need to provide an identity evidence and proof of residency to deposit large amounts.
Compare Phoenix Markets Vs Other Broker Deposit Methods
What Can You Trade With Phoenix Markets in 2024?
Note: Phoenix Markets offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may differ based on the country of residence of the client.
Phoenix Markets has a wide variety of over 97 instruments available for you to trade with.
If trading forex pairs is of interest to you then Phoenix Markets offer over 67 currency pairs.
Compare Phoenix Markets, Startrader & freetrade below.
Phoenix Markets Trading App Review
Note: Phoenix Markets's mobile app has many functions and is being constantly improved. The below information was correct at the time of writing this Phoenix Markets broker review.
Understand the capabilities of the mobile apps of Phoenix Markets, Startrader & freetrade below.
Trading Education Available At Phoenix Markets
Understand the trading resources available with Phoenix Markets, Startrader & freetrade below.
Phoenix Markets Customer Support
In our Phoenix Markets broker review we examined the customer service options including response times, and on the Phoenix Markets trading platform problem resolution effectiveness. Phoenix Markets provides support in a wide range of languages including English, and Chinese
Phoenix Markets Live Chat Support
We tried the livechat experience with Phoenix Markets and it works well. We have sent messages to Phoenix Markets livechat via their website and app and received a response after 10 seconds. There was sometimes no response.
We tested communicating through Phoenix Markets support in multiple languages and in various countries. Phoenix Markets were able to resolve our client's issues.
Phoenix Markets Phone Support
We called Phoenix Markets and the call was responded to very quickly. The call was answered within less than five to ten minutes.
The Phoenix Markets phone support team were able to effectively address our questions and issues via phone. We tested the multi-lingual Phoenix Markets team by calling them in various languages. Phoenix Markets made an effort to ensure that our questions were addressed.
Overall, the phone support from Phoenix Markets was satisfactory.
Phoenix Markets Email Support
We sent several emails to Phoenix Markets and answer times overall were good. The fastest email response time from Phoenix Markets was 3 hours while the slowest response was 12 days! There were times when there were no responses. Support response times can vary for you at Phoenix Markets, however we have had this experience sending out 10 emails at different times.
The team was able to resolve and answer our queries. Average email support from Phoenix Markets was excellent.
Alternatives To Phoenix Markets
If, after reading this Phoenix Markets review, they do not quite meet your requirements check out these Phoenix Markets alternatives.
We have scoured the web to find the best alternatives to Phoenix Markets. Click on the links below to learn more.
Frequently Asked Questions
Can I try Phoenix Markets before I buy?
Absolutely! you can most certainly try Phoenix Markets before you buy. Phoenix Markets offers demo accounts for the convenience of beginner traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up for a demonstration account on Phoenix Markets, you will set out with a decent amount of virtual currency. It is to establish a sense of safety and confidence in you before you decide to spend your own money.
With a digital Phoenix Marketsdemo account, you are able to experiment in any way, to whatever period you wish. You might also open positions, examine different trading approaches, and more.
Phoenix Markets specifies on its official site that you can exchange real time stocks with your demo account.
Is Phoenix Markets safe?
It is possible to drop all of your worries since we believe that Phoenix Markets is perfectly safe to use. It is in compliance with the rules of Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, Phoenix Markets doesn't provide assured stop-loss protection.
Why does Phoenix Markets ask for my passport?
The reason that Phoenix Markets asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Phoenix Markets has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Phoenix Markets must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Phoenix Markets?
The process to start trading with Phoenix Markets is super simple. You need to begin by signing up on the Phoenix Markets website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Phoenix Markets are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Phoenix Markets is $500. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with Phoenix Markets.
The best way to kickstart your trading career with Phoenix Markets is to open a demo account facility before risking any real money
What funding methods do Phoenix Markets accept?
There are a number of methods to finance your account with Phoenix Markets. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must bear in mind that PayPal isn't available in every place. The currencies Phoenix Markets accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, even though it takes about 4-7 days.
Is my money safe with Phoenix Markets?
Yes, your money is safe and secure with Phoenix Markets. As you know, Phoenix Markets operates with proper conformation to regulations. It has established plenty of steps to protect all of its investors.
Phoenix Markets protects its clients' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further safeguard your accounts, you can enable Two-Step Verification as well. It takes an SMS confirmation that you get your accounts.
Is Phoenix Markets trading good?
Yes, trading via Phoenix Markets is a pleasant and good experience indeed. It is an excellent and intuitive platform with useful features for your ease. In addition, you could even gain access to a vast selection of educational resources and assistive substance to kickstart your trading expertise.
If you remain skeptical, it is possible to start a eToro demo account and assess the credibility of the platform on your own.
Which Countries do Phoenix Markets support?
Phoenix Markets operates around the globe. However, due to regulations Phoenix Markets does not accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and United Kingdom.
Is Phoenix Markets legit?
Phoenix Markets is a legit company headquarted in Cyprus since 2013. They are regulated by Cyprus Securities and Exchange Commission (CySEC). Phoenix Markets is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Phoenix Markets a good broker?
Phoenix Markets is a great broker, and its own users can vouch for it. The highlight of the platform is its quick order execution on transactions.
You will find the clean design of this platform and the admirable features that are pleasant to work with.
Is Phoenix Markets a trustworthy broker?
Yes, Phoenix Markets is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature.
What is the minimum deposit for Phoenix Markets?
The minimum deposit to open a live account with Phoenix Markets is $500
How long do Phoenix Markets withdrawals take?
Normally, withdrawal of money from Phoenix Markets is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from Phoenix Markets to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is Phoenix Markets regulated?
Phoenix Markets are regulated by Cyprus Securities and Exchange Commission (CySEC)
Is Phoenix Markets a market leading broker?
Phoenix Markets is indisputably among the industry leaders. It supports over 10,000+ registered customers and over 11 years of experience on its record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and wide selection of resources plus tools so you can put money into capital markets.
Is Phoenix Markets a con?
No, Phoenix Markets is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that Phoenix Markets is not a scam.
Can you make money with Phoenix Markets?
Using Phoenix Markets, several traders earn a great deal of cash. However, just like all online brokers, it is important to note that traders can also lose money. In particular, Your capital is at risk
This may seem like a little number, but over the entire year, it adds to a significant amount of gains. Even though Phoenix Markets provide you all of the tools to earn money, they cannot guarantee that you will gain.
Does Phoenix Markets have fees?
Yes. To start trading with Phoenix Markets, you need to deposit $500. Certain commissions while trading additionally applies. Any processing fees from your bank will need to be incurred by you.
When was Phoenix Markets founded?
Phoenix Markets was founded in 2013 in Cyprus. Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).
How many people use Phoenix Markets?
Phoenix Markets is a worldwide recognised agent with 10,000+ customers.
Where is the Phoenix Markets head office?
Phoenix Markets has its head office in Cyprus
Does Phoenix Markets offer negative balance protection?
No. Phoenix Markets doesn't offer negative balance protection. If your balance is negative, Phoenix Markets indicates you contact customer services. With this, you can fix any imbalances in your own account.
Does Phoenix Markets offer guaranteed stop loss?
Phoenix Markets, unfortunately, does not offer guaranteed stop loss. Phoenix Markets provides an opportunity to its dealers to close their trades at their specified price. Aside from this, Phoenix Markets doesn't offer guaranteed stop loss.
Does Phoenix Markets allow scalping?
Yes, Phoenix Markets does allow scalping. Many traders across the world choose Phoenix Markets for their scalping services. They offer trading on MT4,mac,Android.iPhone/iPad which allow this.
Does Phoenix Markets allow hedging?
Yes, Phoenix Markets does allow hedging.
Can you trade energies with Phoenix Markets?
Yes, you can trade energy stocks with Phoenix Markets
Can you trade agricultural shares with Phoenix Markets?
Yes, you can trade agricultural stocks with Phoenix Markets
Can you trade cryptocurrency with Phoenix Markets?
Yes, you can trade cryptocurrency with Phoenix Markets
Can you trade metals with Phoenix Markets?
Yes, you can trade metals with Phoenix Markets
Can you trade UK Shares with Phoenix Markets?
Yes, you can trade UK shares with Phoenix Markets
Can you trade US Shares with Phoenix Markets?
Yes, you can trade US shares with Phoenix Markets
Can you trade Japanese Shares with Phoenix Markets?
No, unfortunately you cannot trade Japanese shares with Phoenix Markets
Can you trade German Shares with Phoenix Markets?
Yes, you can trade German shares with Phoenix Markets
Does Phoenix Markets accept bank transfers?
Yes, Phoenix Markets accepts bank transfers for depositing money.
Does Phoenix Markets accept credit cards?
Yes, Phoenix Markets accepts credit cards for depositing money.
Does Phoenix Markets accept PayPal?
No, Phoenix Markets does not accept PayPal.
Does Phoenix Markets accept Skrill?
No, Phoenix Markets does not accept Skrill.
Does Phoenix Markets accept Payoneer?
Yes, Phoenix Markets accepts Payoneer for depositing money.
Payoneer, an American financial services company, offers online money transfer and digital payment services. It also provides working capital to customers.
Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. The company specializes in facilitating cross-border B2B payments. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies. It also offers cross-border wire transfers, online payments and refillable debit cards services.
Companies like Airbnb, Amazon, Google and Upwork use Payoneer to send mass payouts around the world. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.
Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market.
Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.
In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply.
Does Phoenix Markets accept Neteller?
No, Phoenix Markets does not accept Neteller.
Does Phoenix Markets offer Live Chat customer support?
Yes, Phoenix Markets offers customer support through live chat.
Does Phoenix Markets offer phone customer support?
Yes, Phoenix Markets offers customer support over the telephone.
Does Phoenix Markets offer email customer support?
Yes, Phoenix Markets offers customer support through email.
What languages can Phoenix Markets communicate in?
Phoenix Markets has the ability to communicate and support customers who speak: English, and Chinese
Does Phoenix Markets have a wikipedia page?
No, Phoenix Markets does not have an official wikipedia page.
Does Phoenix Markets offer demo accounts?
Yes, Phoenix Markets offers demo accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before signing up for a live account.
Compare Phoenix Markets To All Our Other Brokers
Latest Phoenix Markets News & Insights
Phoenix Markets Review
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Table Of Contents
- Who are Phoenix Markets?
- Benefits Of Trading With Phoenix Markets
- Everything you should know about trading with Phoenix Markets
- Is Phoenix Markets Safe To Trade With?
- Phoenix Markets Risk Disclaimer
- Pro's & Con's Of Trading With Phoenix Markets
- Compare Brokers Similar To Phoenix Markets
- Phoenix Markets Regulation And Licencing
- Phoenix Markets Awards
- Minimum Deposit Required For A Live Account With Phoenix Markets
- Phoenix Markets Commission And Fees
- Compare broker fees against Phoenix Markets
- Phoenix Markets Withdrawal Fees Explained
- Phoenix Markets Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Phoenix Markets?
- Phoenix Markets Customer Support
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