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 IC Markets
IC Markets is the best alternative broker to Phoenix Markets. IC Markets has been in operation for over 12 years.
IC Markets, as a brokerage is regulated. This means IC Markets are supervised by and checked for conduct by the Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
If Phoenix Markets or IC Markets are not what you are looking for try eToro.
With Phoenix Markets, Your capital is at risk
With IC Markets, Losses can exceed deposits
With eToro, 75% of retail investor accounts lose money when trading CFDs with this provider.
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 IC Markets and eToro over Phoenix Markets
| Phoenix Markets | eToro | XTB | |
|---|---|---|---|
| Brokerage Rating | ★★★☆☆ (3/5) | ★★★★☆ (4/5) | ★★★★☆ (4/5) |
| Regulator | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
| Min Deposit | 500 | 200 | 200 |
| Min Trade | varies | 0.01 Lot | $25 |
| Platforms | MT4,mac,Android.iPhone/iPad | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider. |
If you want to read more about IC Markets, we have put together an in-depth IC Markets review that explores their platform, spreads, and trading conditions in more detail.
Visit IC MarketsIf IC Markets does not match your criteria, have a look at the 10 best Phoenix Markets alternatives below.
With IC Markets, Losses can exceed deposits
With Phoenix Markets, Your capital is at risk
