easyMarkets vs Phoenix Markets, Who's Better?
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easyMarkets vs Phoenix Markets Guide
Read our In-Depth easyMarkets vs Phoenix Markets Review - Updated for 2024
Our review comparing easyMarkets and Phoenix Markets has been revised to reflect any changes for 2024 from knowledgeable insiders boasting significant expertise in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of easyMarkets vs Phoenix Markets does not apply to all countries as follows:
easyMarkets Excluded Countries
United States of America, Israel, Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad, Congo, Cuba, Democratic Republic of the Congo, Dominica, Equatorial Guinea, Fiji, Guinea Bissau, Haiti, Honduras, Iran, Iraq, Lao, Libya, Mozambique, Myanmar, Nicaragua, Democratic Peoples Republic of Korea, Palau, Panama, Somalia, Sudan, Syrian Arab Republic, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, and Yemen.
Phoenix Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and United Kingdom.
Compare easyMarkets vs Phoenix Markets
All platforms for online trading has certain pros and cons, so a complete easyMarkets and Phoenix Markets review would not be complete without embracing an objective perspective.
Compare easyMarkets and Phoenix Markets to get a better understanding of just how they compare against one another before you decide to open an account. A comparative analysis helps to bring aspects in perspective to ensure that you are informed about the expectations.
So you are looking for a broker and are choosing between easyMarkets or Phoenix Markets. Who should you choose?
This easyMarkets vs Phoenix Markets comparison contains the most recent information so you can easily compare Phoenix Markets against easyMarkets.
If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You'll get adept at all the concepts of brokerage as you keep trading. For starters, you need to choose the right broker who will be clear with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. easyMarkets and Phoenix Markets are just two such platforms that will take you along with your investment into great heights. It is crucial that you compare easyMarkets vs Phoenix Markets until you trust them with your cash.
Our easyMarkets vs Phoenix Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust easyMarkets and Phoenix Markets side by side.
Our full easyMarkets vs Phoenix Markets Review covers everything you will need to learn about trading with either easyMarkets or Phoenix Markets. A good broker can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investing objectives.
There is no sure-fire method to ensure profits; thus, you must carefully assess your broker before you choose them. It is a frequent misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
easyMarkets and Phoenix Markets are both brokers which have paved their way successfully into the broker world. Within this review, we have tried to collate some of the important facets of both easyMarkets and Phoenix Markets. This review can allow you to know whether either Phoenix Markets or easyMarkets is a good match for your own investments or not. We've attempted to breakdown all the qualities and fees for your convenience.
Benefits of easyMarkets and Phoenix Markets Compared
easyMarkets offers a minimum deposit of $100 while Phoenix Markets has a $500 minimum deposit.
Why smaller minimum deposits are good and how easyMarkets 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.
easyMarkets has around 200 financial instruments while Phoenix Markets allows you to trade around 200 financial instruments available.
The more instruments you can trade on the easyMarkets and Phoenix Markets trading 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 seriously do not want to miss out on a trading opportunity due to the limitations of easyMarkets or Phoenix Markets.
easyMarkets and Phoenix Markets Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. easyMarkets and Phoenix Markets have the following contact details and social medias that you can use.
|+357 25 828 899
|+44 203 514 2059
|1 Griva Digheni, Limassol, Limassol 3035, CY
|easyMarkets Twitter Account
|Phoenix Markets Twitter Account
|easyMarkets Facebook Page
|Phoenix Markets Facebook Page
|easyMarkets Instagram Account
|Phoenix Markets Instagram Account
|easyMarkets LinkedIn Page
|Phoenix Markets LinkedIn Page
|easyMarkets YouTube Channel
|Phoenix Markets YouTube Channel
|Find Out More
Phoenix Markets and easyMarkets 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 easyMarkets 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 the average.
It is important that any trading app has user friendly capabilities especially with the
While most brokers are good at this, there are some poor ones. 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?
easyMarkets vs Phoenix Markets - Awards
easyMarkets have won numerous industry awards over the time they have been running as an online broker. We detail the most notable awards for easyMarkets below.
|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.
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easyMarkets vs Phoenix Markets - Frequently Asked Questions
easyMarkets vs Phoenix Markets - Headquarters And Year Of Founding
easyMarkets was founded in 2003 and has its head office in Cyprus, Australia.
Phoenix Markets was founded in 2013 and has its head office in Cyprus.
What is the minimum deposit for Phoenix Markets or easyMarkets
The minimum deposit for easyMarkets is $100.
The minimum deposit for Phoenix Markets is $500.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both easyMarkets and Phoenix Markets are a good option.
easyMarkets vs Phoenix Markets - Regulation And Licencing In More Detail
easyMarkets is regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both easyMarkets and Phoenix Markets have a powerful set of rules for ensuring honest trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their individual privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare easyMarkets vs Phoenix Markets Commission And Fees
easyMarkets and Phoenix Markets are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 different types of fees for this purpose.
The first kind of charges to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In such instances, you're paying a spread, financing rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people who are billed when you hold a leveraged position for longer than a day.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your accounts. They're billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither easyMarkets or Phoenix Markets charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who regularly trade, such as weekly or daily trading.
But, non-trading fees charged by easyMarkets and Phoenix Markets are comparatively higher. As a result, you are charged more for non-trading activities in your trading accounts, like deposits and withdrawal. These aren't related to the sale and purchase of resources.
This easyMarkets vs Phoenix Markets review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For easyMarkets And Phoenix Markets
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What Languages Do easyMarkets And Phoenix Markets Support?
Being able to chat completely with your online broker is a key way of comparing online brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key factor to success when trading forex.
Here you can find all the languages that both easyMarkets and Phoenix Markets offer communication in.
|English, German, Arabic, Chinese, Spanish and Polish
|English, and Chinese
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How Many Clients Do easyMarkets and Phoenix Markets Have?
Both easyMarkets and Phoenix Markets are well known and trusted. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many customers easyMarkets and Phoenix Markets have
|Clients / Users
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What Payment Methods Do easyMarkets and Phoenix Markets Accept?
easyMarkets 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 easyMarkets and Phoenix Markets
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What Can You Trade With easyMarkets and Phoenix Markets?
easyMarkets offers 200 trading instruments whilst Phoenix Markets offers 97.
Below you will find a full breakdown of what both easyMarkets and Phoenix Markets offer.
easyMarkets vs Phoenix Markets:
Table Of Contents
- Compare easyMarkets vs Phoenix Markets
- Benefits of easyMarkets and Phoenix Markets Compared
- Phoenix Markets and easyMarkets Mobile App Comparison
- easyMarkets vs Phoenix Markets - Awards
- easyMarkets vs Phoenix Markets - Frequently Asked Questions
- What is the minimum deposit for Phoenix Markets or easyMarkets
- easyMarkets vs Phoenix Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For easyMarkets And Phoenix Markets
- What Languages Do easyMarkets And Phoenix Markets Support?
- How Many Clients Do easyMarkets and Phoenix Markets Have?
- What Payment Methods Do easyMarkets and Phoenix Markets Accept?
- What Can You Trade With easyMarkets and Phoenix Markets?