easyMarkets vs Phoenix Markets, Updated for 2022
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easyMarkets vs Phoenix Markets Guide
Read our In-Depth easyMarkets vs Phoenix Markets Review - 2022 Update
This easyMarkets 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 easyMarkets vs Phoenix Markets review 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
Every online trading system has some ups and downs, and no easyMarkets and Phoenix Markets review would be complete without showing both sides. Compare easyMarkets and Phoenix Markets to understand how they stack up against each other before you make 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 easyMarkets or Phoenix Markets. Who should you choose?
This easyMarkets vs Phoenix Markets comparison contains the latest information so you can easily compare Phoenix Markets against easyMarkets.
If you're a new entrant in the world of trading and brokerages, so many facts will be perplexing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You will acquire adept at all of the concepts of brokerage as you keep trading. For starters, you have to select the ideal broker who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. easyMarkets and Phoenix Markets are two such platforms which will take you along with your investment to great heights. It's crucial that you compare easyMarkets vs Phoenix Markets before 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 entire easyMarkets vs Phoenix Markets Review covers all you need to learn about trading with either easyMarkets or Phoenix Markets. A fantastic broker can multiply your initial investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully analyze your broker before you choose them. It's a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
easyMarkets and Phoenix Markets are both brokers that have forged their way successfully to the brokerage world. In this review, we have attempted to collate some of the vital facets of both easyMarkets and Phoenix Markets. This review will allow you to understand whether either Phoenix Markets or easyMarkets is a good match for your investments or not. We've tried to breakdown all of the features and fees for your advantage.
Benefits of easyMarkets and Phoenix Markets Compared
easyMarkets has a minimum deposit of $100 while Phoenix Markets offers 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 allows you to trade around 200 financial instruments while Phoenix Markets allows you to trade around 200 available.
The more instruments you can trade on the easyMarkets 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 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 simply is vital. easyMarkets and Phoenix Markets have the following contact details and social medias that you can use.
|Telephone Number||+357 25 828 899||+44 203 514 2059|
|Address||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|
|YouTube||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.
We rate overall the user-friendliness of both 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. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
easyMarkets vs Phoenix Markets - Awards
easyMarkets have won many industry awards over the years they have been operating as an online trading platform. We list the most recognised 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 current situation, 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 choice.
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 collection of rules for ensuring honest trading onto their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare easyMarkets vs Phoenix Markets Commission And Fees
easyMarkets and Phoenix Markets are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the number of clients they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 types of fees for this objective.
The first kind of fees to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such instances, you are spending a spread, financing rate, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are those who are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake on your account. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither easyMarkets or Phoenix Markets charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly exchange, such as weekly or daily trading.
But, non-trading fees billed by easyMarkets and Phoenix Markets are comparatively greater. Consequently, you're charged more for non-trading activities in your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of assets.
This easyMarkets vs Phoenix Markets review for 2022 breaks down each of the applicable non-trading fees 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 easily with your trading broker is a key element when comparing online brokers to find the best broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Here you will find all the languages that both easyMarkets and Phoenix Markets support.
|Languages Supported||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 established with their client base. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients easyMarkets and Phoenix Markets have
|Clients / Users||142,500+||10,000+|
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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.
Compare easyMarkets To All Other Brokers
Compare Phoenix Markets To All Other Brokers
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?