What Phoenix Markets Doesn't Offer and Alternatives For Each
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.
- phoenixmarkets Is not FCA regulated (See FCA regulated brokers here)
- phoenixmarkets does not accept Paypal ( See Paypal brokers here )
- phoenixmarkets does not offer MT5 (See MT5 brokers here)
- phoenixmarkets does not offer micro accounts (See micro account brokers here)
- phoenixmarkets does not offer negative balance protection (See brokers with negative balance protection here)
- phoenixmarkets does not allow hedging (See brokers for Hedging 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 XTB
XTB is the best alternative broker to Phoenix Markets. XTB has been in operation for over 16 years.
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
If Phoenix Markets or XTB are not what you are looking for try eToro.
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)
Here are some of the key reasons why traders choose XTB and eToro over Phoenix Markets
| Phoenix Markets | eToro | Pepperstone | |
|---|---|---|---|
| Brokerage Rating | ★★★☆☆ (3/5) | ★★★★☆ (4/5) | ★★★★☆ (4/5) |
| Regulator | Cyprus Securities and Exchange Commission (CySEC) | 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 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
| Min Deposit | 500 | 0 | 200 |
| Min Trade | varies | 0.01 Lot | $25 |
| Platforms | MT4,mac,Android.iPhone/iPad | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
If you want to read more about XTB, we have put together an in-depth XTB review that explores their platform, spreads, and trading conditions in more detail.
Visit XTBIf XTB does not match your criteria, have a look at the 10 best Phoenix Markets alternatives below.
As with any investment your capital is at risk, losses can exceed deposits.
