Best Phoenix Markets Alternatives for 2021

What Phoenix Markets Does Not Offer and Alternatives For Each

There are many reasons Phoenix Markets may not be a good fit for your trading needs. For whatever reason you are looking for a better Phoenix Markets alternative or Phoenix Markets competitor with similar services. We try to give you as much useful information so you can find what it is you need. We show the best Phoenix Markets alternatives below.

For each of these Phoenix Markets alternatives, we also highlight the key differences and resemblances with Phoenix Markets. For every Phoenix Markets alternative trading platform we list we also have detailed trading platform reviews and guides elsewhere on this website, all based on real experiences trading on live Phoenix Markets and other brokerage accounts. If you are not happy with Phoenix Markets, let us show you some great alternative brokerages.

Having a reputable and dependable broker is crucial to your trading success. All of the alternative brokers we list below have good reputations and match what you are looking for.

We have listed some reasons why Phoenix Markets may not be the best broker for you. But dont worry we have compiled a list of the best alternatives further below.

phoenix markets alternatives
Phoenix Markets Summary

• Phoenix Markets is used by over 10,000 users (Look here for Phoenix Markets alternatives that are used by more traders)
• Phoenix Markets has a minimum deposit of $500 (Look here for Phoenix Markets alternatives that require less minimum deposit)
• Phoenix Markets has a minimum trade requirement of varies (Look here for Phoenix Markets alternatives that require a lower minimum trade)
• Phoenix Markets has a maximum deposit of varies (Look here for Phoenix Markets alternatives that has a similar or greater maximum trade limit)
• Phoenix Markets has 1 awards (Look here for Phoenix Markets alternatives with more awards)

phoenix markets alternatives
Phoenix Markets Tradable Financial Assets

• Phoenix Markets offers traders over 97 tradable instruments (Look here for Phoenix Markets alternatives offering a similar amount or more tradable instruments)
• Phoenix Markets offers over 379 shares (Look here for Phoenix Markets alternatives offering more tradable shares)
• Phoenix Markets does not offer US Shares (Look here for Phoenix Markets alternatives offering US Stocks and Shares)
• Phoenix Markets does not offer UK Shares (Look here for Phoenix Markets alternatives offering UK Stocks and shares)
• Phoenix Markets does not offer German Shares (Look here for Phoenix Markets alternatives offering German Stocks and shares)
• Phoenix Markets does not offer Japanese Shares (Look here for Phoenix Markets alternatives offering Japanese Stocks and shares)
• Phoenix Markets offer Indices trading (Look here for Phoenix Markets alternatives offering Indices trading)
• Phoenix Markets offers 0 commodities (Look here for Phoenix Markets alternatives offering more tradable commodities)
• Phoenix Markets offers trading in metals (Look here for Phoenix Markets alternatives offering metal commodities)
• Phoenix Markets offers trading in energy commodities (Look here for Phoenix Markets alternatives offering energy commodities)
• Phoenix Markets offers trading in agricultural commodities (Look here for Phoenix Markets alternatives offering agricultural commodities)
• Phoenix Markets offers trading on the Forex markets (Look here for Phoenix Markets alternatives offering Forex trading)
• Phoenix Markets offers 67 Forex Pairs (Look here for Phoenix Markets alternatives offering a similar amount or more Forex Pairs)
• Phoenix Markets offers trading with Major Forex Pairs (Look here for Phoenix Markets alternatives offering Major Forex Pairs trading)
• Phoenix Markets offers trading with Minor Forex Pairs (Look here for Phoenix Markets alternatives offering Minor Forex Pairs trading)
• Phoenix Markets offers trading with Exotic Forex Pairs (Look here for Phoenix Markets alternatives offering Exotic Forex Pairs trading)
• Phoenix Markets offers trading in Cryptocurrencies (Look here for Phoenix Markets alternatives offering cryptocurrency trading)
• Phoenix Markets offer CFD trading (Look here for Phoenix Markets alternatives offering CFD trading)
• Phoenix Markets does offer Social Trading (Look here for Phoenix Markets alternatives offering Social Trading accounts)

phoenix markets alternatives
Phoenix Markets Trading Account Features

• ECN accounts are offered by Phoenix Markets (Look here for Phoenix Markets alternatives offering ECN accounts)
• STP accounts are offered by Phoenix Markets (Look here for Phoenix Markets alternatives offering STP accounts)
• Phoenix Markets offers MT4 (See Phoenix Markets alternatives offering the MT4 trading platform here)
• MT5 is not offered by Phoenix Markets (find Phoenix Markets alternatives that offer the MT5 trading platform here)
• cTrader is not offered by Phoenix Markets (find Phoenix Markets alternatives offering the cTrader trading platform here)
• Phoenix Markets does not offer Micro accounts (Check here for Phoenix Markets alternatives offering micro accounts)
• Phoenix Markets does not offer VIP accounts (Check here for Phoenix Markets alternatives offering VIP accounts)
• Phoenix Markets does offer Islamic accounts (Check here for Phoenix Markets alternatives offering Islamic accounts)
• Phoenix Markets does offer Demo accounts (Check here for Phoenix Markets alternatives offering Demo accounts)
• Phoenix Markets does offer Spread Betting accounts (Search for Spread Betting brokers here)
• Phoenix Markets does allow Scalping (See brokers for scalping here)

phoenix markets alternatives
Phoenix Markets Risk Management Features

• Phoenix Markets does not allow hedging (See brokers for Hedging here)
• Phoenix Markets does not offer negative balance protection (See Phoenix Markets alternatives who offer negative balance protection here)
• Phoenix Markets does not offer Guaranteed Stop Loss (See Phoenix Markets alternatives who offer Guaranteed Stop Loss here)
• Phoenix Markets does not offer limit orders (See Phoenix Markets alternatives who offer limit orders here)
• Phoenix Markets does not offer trailing stops (See Phoenix Markets alternatives who offer trailing stops here)
• Phoenix Markets does not offer price alerts (See Phoenix Markets alternatives who offer price alerts here)

phoenix markets alternatives
Phoenix Markets Fees

• Phoenix Markets does not have inactivity fees (See Phoenix Markets alternatives who don’t have inactivity fees here)
• Phoenix Markets does not have withdrawal fees (See Phoenix Markets alternatives who don’t have withdrawal fees here)
• Phoenix Markets does not have deposit fees (See Phoenix Markets alternatives who don’t have deposit fees here)

phoenix markets alternatives
Phoenix Markets Regulation

• Phoenix Markets are not regulated by the FCA (Financial Conduct Authority) (Look here for Phoenix Markets alternatives offering FCA regulated brokers)
• Phoenix Markets are regulated by CySEC (Cyprus Securities and Exchange Commission) (Look here for Phoenix Markets alternatives offering CySEC regulated brokers)
• Phoenix Markets are not regulated by the MiFID (Markets In Financial Instruments Directive) (Look here for Phoenix Markets alternatives offering MiFID regulated brokers)
• Phoenix Markets are not regulated by the ASIC (Australian Securities and Investments Commission) (Look here for Phoenix Markets alternatives offering ASIC regulated brokers)
• Phoenix Markets are not regulated by the FSCA (Financial Sector Conduct Authority) (Look here for Phoenix Markets alternatives offering FSCA regulated brokers)
• Phoenix Markets are not regulated by the DFSA (Dubai Financial Services Authority) (Look here for Phoenix Markets alternatives offering DFSA regulated brokers)
• Phoenix Markets are not regulated by the MAS (Monetary Authority of Singapore) (Look here for Phoenix Markets alternatives offering MAS regulated brokers)
• Phoenix Markets are not regulated by the FSA (Financial Services Authority) (Look here for Phoenix Markets alternatives offering FSA regulated brokers)

phoenix markets alternatives
Phoenix Markets Desktop Computer and Mobile Device Support

• Phoenix Markets Offers an online trading platform available to all desktop and mobile devices with an internet connection. (See Phoenix Markets alternatives that offer an online trading platform here)
• Phoenix Markets does not offer a bespoke application for Microsoft Windows Desktop computers (See Phoenix Markets alternatives that support desktop Windows users here)
• Phoenix Markets does offer a bespoke application for Apple Mac Desktop computers (See Phoenix Markets alternatives that support desktop Apple Mac users here)
• Phoenix Markets does offer a bespoke application for mobile devices (See Phoenix Markets alternatives that support mobile device users here)
• Phoenix Markets does not offer a bespoke application for IOS Devices (See Phoenix Markets alternatives for IOS users here)
• Phoenix Markets does not offer a bespoke application for Android Devices (See Phoenix Markets alternatives for Android users here)
• Phoenix Markets does offer live chat support (See Phoenix Markets alternatives that offer live chat support here)

Below is an extensive list of the best alternatives to Phoenix Markets based on our unique 256 point criteria.

Top alternative for Phoenix Markets is eToro

Top Pick 1 4/5 rating

eToro is the best alternative broker to Phoenix Markets. eToro has been in operation for over 14 years.

eToro, as a brokerage is regulated. This means eToro are supervised by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

If Phoenix Markets or eToro are not what you are looking for try XTB.

With Phoenix Markets, Your capital is at risk

With eToro, 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

With XTB, Losses can exceed deposits

Top Pick 2 4/5 rating

XTB, as a brokerage is regulated. This means XTB are supervised by and checked for conduct by the Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)

Here are some of the key reasons why traders choose eToro and XTB over Phoenix Markets

	eToro	XTB	IC Markets
Brokerage Rating	★★★★☆ (4/5)	★★★★☆ (4/5)	★★★★☆ (4/5)
Regulator	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Min Deposit	50	0	200
Min Trade	$25	0.01 Lot	0.01 Lot
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
Risk Warning	67% of retail investor accounts lose money when trading CFDs with this provider.	77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Losses can exceed deposits
	Visit eToro	Visit XTB	Visit IC Markets

If you want to read more about eToro, we have put together an in-depth eToro review that explores their platform, spreads, and trading conditions in more detail.

If eToro does not match your criteria, have a look at the 10 best Phoenix Markets alternatives below.