eToro vs Phoenix Markets, 2022 Update
Phoenix Markets Rating
67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies
Your capital is at risk
eToro vs Phoenix Markets Guide
Read our In-Depth eToro vs Phoenix Markets Review - for 2022
This eToro vs Phoenix Markets review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs Phoenix Markets review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Phoenix Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and United Kingdom.
Compare eToro vs Phoenix Markets
Every online trading system has some pros and cons, and no eToro and Phoenix Markets review would be complete without showing both sides. Compare eToro and Phoenix Markets to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between eToro or Phoenix Markets. Who should you choose?
Our eToro vs Phoenix Markets comparison contains the most recent information so you can easily compare Phoenix Markets against eToro.
If you are a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You'll acquire proficient at all of the concepts of broker since you keep trading. For starters, you have to select the right agent who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. eToro and Phoenix Markets are just two such companies which will take you along with your investment into great heights. It's crucial to compare eToro vs Phoenix Markets before you trust them with your money.
Our eToro vs Phoenix Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Phoenix Markets side by side.
Our entire eToro vs Phoenix Markets Review covers all you will need to know about trading using either eToro or Phoenix Markets. A good agent can multiply your first investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire method to guarantee profits; thus, you should carefully analyze your broker before you choose them. It's a common misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
eToro and Phoenix Markets are both brokers that have paved their way successfully into the broker world. In this review, we've tried to collate some of the important aspects of both eToro and Phoenix Markets. This review will help you to know whether either Phoenix Markets or eToro is a fantastic fit for your own investments or not. We have attempted to breakdown all the qualities and charges for your advantage.
Benefits of eToro and Phoenix Markets Compared
eToro has a minimum deposit of $50 while Phoenix Markets offers a $500 minimum deposit.
Why smaller minimum deposits are good and how eToro and Phoenix Markets compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments while Phoenix Markets has around 100 available.
The more instruments you can trade on the eToro and Phoenix Markets platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of eToro or Phoenix Markets.
eToro and Phoenix Markets Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. eToro and Phoenix Markets have the following contact details and social medias that you can use.
|Telephone Number||+44 203 514 2059|
|Address||24th floor, One Canada Square, Canary Wharf, London, E14 5AB|
|eToro Twitter Account||Phoenix Markets Twitter Account|
|eToro Facebook Page||Phoenix Markets Facebook Page|
|eToro Instagram Account||Phoenix Markets Instagram Account|
|eToro LinkedIn Page||Phoenix Markets LinkedIn Page|
|YouTube||eToro YouTube Channel||Phoenix Markets YouTube Channel|
|Find Out More||
Phoenix Markets and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing eToro and Phoenix Markets will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
eToro vs Phoenix Markets - Awards
eToro have won several industry awards over the years they have been running as an online trading platform. We list the most recognised awards for eToro here.
|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.|
|Find Out More||
eToro vs Phoenix Markets - Frequently Asked Questions
eToro vs Phoenix Markets - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
Phoenix Markets was founded in 2013 and has its headquaters in Cyprus.
What is the minimum deposit for Phoenix Markets or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Phoenix Markets is $500.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and Phoenix Markets are a good option.
eToro vs Phoenix Markets - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both eToro and Phoenix Markets have a powerful collection of rules for ensuring fair trading onto their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare eToro vs Phoenix Markets Commission And Fees
eToro and Phoenix Markets are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled much better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three different types of penalties for this objective.
The first kind of charges to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you're spending a spread, financing rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are those who are billed when you maintain a leveraged position for longer than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither eToro or Phoenix Markets charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly trade, such as weekly or daily trading.
However, non-trading fees charged by eToro and Phoenix Markets are relatively greater. Consequently, you are charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This eToro vs Phoenix Markets review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For eToro And Phoenix Markets
What Languages Do eToro And Phoenix Markets Support?
Being able to communicate completely with your trading broker is a key way of comparing brokers to find your perfect broker. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading online.
Below you can find all the languages that both eToro and Phoenix Markets support.
How Many Clients Do eToro and Phoenix Markets Have?
Both eToro and Phoenix Markets are well established with their client base. It is important to work with an online broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users eToro and Phoenix Markets have
|Clients / Users||20,000,000+||10,000+|
|Find Out More||
What Payment Methods Do eToro and Phoenix Markets Accept?
eToro and Phoenix Markets both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and Phoenix Markets
What Can You Trade With eToro and Phoenix Markets?
eToro offers 100 trading instruments while Phoenix Markets offers 97.
Below you will find a full breakdown of what both eToro and Phoenix Markets offer.
Compare eToro To All Other Brokers
Compare Phoenix Markets To All Other Brokers
eToro vs Phoenix Markets:
Table Of Contents
- Compare eToro vs Phoenix Markets
- Benefits of eToro and Phoenix Markets Compared
- Phoenix Markets and eToro Mobile App Comparison
- eToro vs Phoenix Markets - Awards
- eToro vs Phoenix Markets - Frequently Asked Questions
- What is the minimum deposit for Phoenix Markets or eToro
- eToro vs Phoenix Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And Phoenix Markets
- What Languages Do eToro And Phoenix Markets Support?
- How Many Clients Do eToro and Phoenix Markets Have?
- What Payment Methods Do eToro and Phoenix Markets Accept?
- What Can You Trade With eToro and Phoenix Markets?