Phoenix Markets Review: Pros & Cons | 2025 Update
This Phoenix Markets review has been updated for 2025 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 professional trading partner that was founded in 2013. They have around 19 employees that help the company offer Financial Markets Access, to 10,000+ clients 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 details about Phoenix Markets.
If you are new to the world of trading online and brokerages, so many nuances will no doubt be perplexing for you. Getting into the world of trading online requires expert analytical skills and thorough knowledge. You'll acquire adept at all of the concepts of trading online and brokers while you keep trading. For starters, you need to choose the right online trading platform who'll constantly be transparent with you.
In the fast-paced universe of financial markets and online trading, you will need advice to make sensible decisions. A professional, direct investment program could aid you in minimising any potential losses and maximising any returns. Phoenix Markets is just one such platform that will assist you. It's crucial to learn about any broker until you trust them with your money.
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 determine your success. Selecting the right broker is vital for your Phoenix Markets investments to flourish. However, be cautious of counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be vigilant and rigorous in your Phoenix Markets broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability 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 objectives.
Remember, Phoenix Markets should be a trusted partner on your trading journey.
Our team has worked diligently 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, settle in, 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 Review for 2025 – 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: | |
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Your capital is at risk |
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Our entire Phoenix Markets review for beginners covers all you need to know about trading via Phoenix Markets. A good broker can use your first investments and help to protect it from losses but also give you a platform that can help to provide you profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment objectives.
Of course, there's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your agent before you choose them. It's a frequent misconception that all brokers will be the same, but that is not correct. 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. In this review, we have tried to collate a number of the vital facets of Phoenix Markets. This guide will allow you to learn whether Phoenix Markets is a fantastic match for your investments or not. We have tried to breakdown all of the features and charges for your convenience.
Who are Phoenix Markets?
Phoenix Markets is a foreign exchange broker with its head office in Cyprus and provides a variety of tools for online trading. Since its beginning in 2013 they have emerged as a leading player in the field of online trading. Phoenix Markets includes a highly professional and full-featured trading site that is focused on forex, indices, metals, shares, commodities.
Over the past 12 years, Phoenix Markets has become one of the leading online brokers available to the public.
After being founded in 2013, their client base has become as large as 10,000+ clients.
Phoenix Markets is the favourite of many traders . Our Phoenix Markets account review discovered that they're a professional solution for online trading options. They are most appropriate for investors who are searching for a variety of assets. Social and easy to use trading solutions are the core at Phoenix Markets.
Technology plays a significant role at Phoenix Markets. They features 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 resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The trader resource section at Phoenix Markets is quite comprehensive for new traders since it allows them to have a closer look in the financial markets. Phoenix Markets caters to all sorts of traders and are a must-have broker for almost any well-diversified method of online trading.
Benefits of online trading with Phoenix Markets in 2025
Trading with Phoenix Markets comes with numerous benefits. These benefits are what sets Phoenix Markets apart from all other online brokers. You need to check all of the benefits listed so you have a better understanding of Phoenix Markets.
The agent goes to great lengths to understand what traders need. Consequently, the support, fast, and convenient. The broker also gives a variety 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 ability.
Phoenix Markets also features excellent trading conditions which are readily available to all and not only an elite class of institutional customers. The tight spreads and fast executions are a fantastic advantage for all traders. The technology adopted by Phoenix Markets is of the maximum caliber, ensuring that it is fast, dependable, and effective.
Phoenix Markets acknowledges the significance of owning a fast order execution. A quick execution will allow users to trade without fretting about slippage safely. It will also help the dealers to catch any opportunities.
Phoenix Markets has over 97 trading instruments to support all kinds of traders. These tools are lively and convenient for both the new and seasoned traders. All dealers can set aside all their worries when trading with 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.
What you ought to know about trading using Phoenix Markets
Phoenix Markets is a dynamic platform that offers various techniques of trading. These instruments cover the monetary markets substantially. The Majority of the broker platforms offer less methods than Phoenix Markets
If you would like to trade with Phoenix Markets, you'll need a minimum deposit of $500. This deposit is required if you wish to start trading using Phoenix Markets. This 2025 Phoenix Markets review will direct you clearly about trading with them.
Phoenix Markets is as versatile as another brokerage platform. Phoenix Markets is great for traders that want a manageable selection of cheap services. The platforms offered by Phoenix Markets are third party, white-label offerings. All traders can select from MT4,mac,Android.iPhone/iPad
Together with everything, Phoenix Markets has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction has to be kept open. The brokers provide premium customer service that rewards clients with advantages.
Many less reputable brokers attempt to pressurise consumers into larger funding for premium services. Phoenix Markets, though, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will come along.
Phoenix Markets accounts are available globally and provides outstanding 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 2025?
Launched in 2013, Phoenix Markets has been in operation for 12 years, they have a head office in Cyprus
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that mandate that trading platforms have steps in place to maintain investor's assets secured. This means that Phoenix Markets users don't need to worry about their money as it's segregated and safely stored in banks that are established. SSL encryption secures every user's personal information also.
You are able to make use of a choice for 2 Factor Authentications (2FA) with Phoenix Markets for heightened safety. An SMS for the verification code will be sent to your mobile phone. You'll be asked to enter this code to log in to your account.
Another concern with financial brokers is in respect to security might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more prevalent in the example of Market Maker agents who compete with users 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 will have 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 12 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 collection of rules for ensuring fair trading onto its platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is to not be shared with some other institutions or individuals. Including 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 12 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any professional online trading platform 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 get started on Phoenix Markets is $500. This is an adequate amount for people just starting out. It's possible to make more advanced deposits as you go along. But, ensure you understand how to make the most of your cash before investing in larger sums.
Commission And Fees Explained
Phoenix Markets is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 types of fees for this purpose.
The first kind of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you are spending a spread, financing rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are those that are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake on your account. They are billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, Phoenix Markets does not charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often trade, such as weekly or daily trading.
But, non-trading fees charged by Phoenix Markets are relatively greater. As a result, you are charged more for non-trading actions on your trading account, like withdrawal and deposits. These are not related to the sale and purchase of resources.
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 time from your Phoenix Markets account. It's possible to draw sums up to the sum of your account balance, keeping aside the margin used. One thing to remember is that you don't always have to have any cash in your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money will be sent into the cardPhoenix Markets will ask you to provide other withdrawal methods in case 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 important. The conversion fee will depend on the money you are choosing to draw in.
Phoenix Markets Inactivity Fees Explained
Phoenix Markets doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges are indicated by Phoenix Markets, it's best that you close the account if you are inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is exposed to a lot of 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 charged by the broker. Most agents do not charge too much money for this particular 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 simple. You simply need to finish a single-user profile questionnaire to begin depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit large sums.
Compare Phoenix Markets Vs Other Broker Deposit Methods
What Can You Trade With Phoenix Markets in 2025?
Note: Phoenix Markets provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will 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 forex pairs.
Compare Phoenix Markets, Startrader & freetrade below.
Phoenix Markets Trading App Review
Note: Phoenix Markets's mobile app has a lot of functionality and is being developed all the time. What follows was accurate at the time of compiling 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
As part of this Phoenix Markets broker review we tested the options for customer service as well as response times. on the Phoenix Markets trading platform issue resolution effectiveness. Phoenix Markets supports a wide range of languages, including English, and Chinese
Phoenix Markets Live Chat Support
We tested the livechat experience with Phoenix Markets and it worked flawlessly. We have sent messages via Phoenix Markets livechat via their website and app and received a response in less than 20 seconds. Sometimes there was no response.
We have tested communication through Phoenix Markets support in a variety of languages across multiple countries. Phoenix Markets were capable of resolving our customers' issues.
Phoenix Markets Phone Support
We called Phoenix Markets and the call was answered very promptly. We were able to have the call answered in less than 5-10 minutes.
The Phoenix Markets phone support team were able to successfully address our questions and issues on the phone. We tested the multilingual Phoenix Markets team by calling them in various languages. Phoenix Markets made an effort to make sure our queries were answered.
The overall support via phone from Phoenix Markets was okay.
Phoenix Markets Email Support
We sent several emails to Phoenix Markets and answer times overall were very good. The fastest email response from Phoenix Markets was 5 hours and the most slow response was 8 days! Sometimes there were no responses. Response times to support may differ depending on what is needed from Phoenix Markets, however, we've had the experience of sending 10 emails at varying times.
The team solved and responded to our queries. Average email support from Phoenix Markets was good.
Alternatives To Phoenix Markets
If, after studying this Phoenix Markets review, they don't fulfill your requirements check out these Phoenix Markets alternatives.
We've scoured the web to find the best alternatives to Phoenix Markets. Click the hyperlinks below to learn more.
Frequently Asked Questions
Can I try Phoenix Markets before I buy?
Yes, you can most certainly try Phoenix Markets before you buy. Phoenix Markets provides demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up to get a demonstration account with Phoenix Markets, you will set out with a decent amount of virtual money. It's to establish a feeling of security and confidence in you until you choose to invest your own money.
With this digital Phoenix Marketsdemo account, you are able to experiment in any way, to whatever length you wish. You can also open positions, examine different trading approaches, and more.
Phoenix Markets specifies on its official site that you can trade real time stocks with your demo account.
Is Phoenix Markets safe?
It is possible to drop all of your worries because 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 give 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 multiple methods to finance your accounts with Phoenix Markets. The process is effortless and quick, with different payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to 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 techniques you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, even though it takes about 4-7 days.
Is my money safe with Phoenix Markets?
Yes, your cash is safe and secure with Phoenix Markets. As you already know, Phoenix Markets works with good conformation to regulations. It has established lots of measures to protect all of its investors.
Phoenix Markets protects its clients' personal and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further protect your accounts, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation that you access your account.
Is Phoenix Markets trading good?
Yes, trading through Phoenix Markets is a pleasant and good experience indeed. It's a great and intuitive platform with helpful features for your ease. In addition, you can also gain access to a huge collection of educational tools and assistive material to kickstart your trading experience.
If you remain skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries do Phoenix Markets support?
Phoenix Markets operates across the world. However, due to regulations Phoenix Markets can't accept clients resident in 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 agent, and its own users can vouch for this. The highlight of the platform is its quick order execution on transactions.
You will find the clean layout of the platform along with the commendable 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 users and over 12 years of experience on its record. They are one of the world's leading trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide range of resources plus tools so that 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?
Through Phoenix Markets, many traders earn a lot of money. But, just like all online trading platforms, it is important to note that traders can also lose money. In particular, Your capital is at risk
This may seem like a small number, but over the year, it quickly adds to a significant number of gains. While Phoenix Markets provide you all the tools to make money, they can't guarantee you will gain.
Does Phoenix Markets have fees?
Yes. To start trading using Phoenix Markets, you have to deposit $500. Certain commissions while trading additionally applies. Any processing fees from your bank might 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 globally recognised broker 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 does not provide negative balance protection. If your balance is negative, Phoenix Markets suggests you contact client services. With this, you can correct any imbalances within your account.
Does Phoenix Markets offer guaranteed stop loss?
Phoenix Markets, regrettably, doesn't offer guaranteed stop loss. Phoenix Markets gives a chance for its traders to close their trade at their specified price. Aside from that, Phoenix Markets does not offer guaranteed stop loss.
Does Phoenix Markets allow scalping?
Yes, Phoenix Markets does allow scalping. Several traders throughout the world select Phoenix Markets due to 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. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. This company is a specialist in cross-border B2B transactions. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
Payoneer is used by companies like Airbnb, Google, Amazon and Upwork to send large-scale payouts all over the globe. It's also used by eCommerce platforms like Rakuten, Walmart, Wish.com, and freelance marketplaces like Fiverr, Envato, and works in conjunction with ad networks to link these companies with publishers based out of their headquartered countries.
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.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast 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 learn their systems before risking any real money. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the features before risking a live account.
Compare Phoenix Markets To All Our Other Brokers