Phoenix Markets Review 2019

Phoenix Markets Rated 4/5

Phoenix Markets Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Phoenix Markets we break down the pros and cons. What Phoenix Markets are able to offer, what countries Phoenix Markets are available in. Who Phoenix Markets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Phoenix Markets

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters Country : Cyprus
  • Foundation year 2013
  • Min Deposit : 500
  • Used by over 10,000 traders
  • Phoenix Markets is not available in the following countries :
Open Phoenix Markets's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Phoenix Markets

With this review we hope to help you see if Phoenix Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Phoenix Markets that will help you get off to a good start in the world of online trading.

Phoenix Markets Review Table of Contents

Phoenix Markets what you should know

Phoenix Markets offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With Phoenix Markets you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with Phoenix Markets platform.

Phoenix Markets are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Phoenix Markets safe?

When choosing a broker like Phoenix Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2013, and in operation for 6 years Phoenix Markets have a head office in Cyprus.

Phoenix Markets is regulated. This means Phoenix Markets are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Phoenix Markets, this will be honored. If Phoenix Markets violate any regulatory rules their regulated status could be stripped.

Any payments funded to Phoenix Markets accounts by traders are held in a segregated bank account.

For added security Phoenix Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Phoenix Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Phoenix Markets

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like about Phoenix Markets

  • Used by over 10,000 traders
  • Established in 2013
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $500

What we don't like about Phoenix Markets

Phoenix Markets General Fees

  • Phoenix Markets withdrawal fees varies on payment method
  • Phoenix Markets does charge inactivity fees
  • Phoenix Markets does charge deposit fees

Phoenix Markets Commissions

  • Phoenix Markets does charge commission on CFD shares.

What can you trade with Phoenix Markets?

You can trade a wide variety of instruments with Phoenix Markets over 97 instruments infact.

If you are looking at trading currency pairs Phoenix Markets offer over 67 currency pairs.

Compare Phoenix Markets with XTB and Plus500 below.

Your capital is at risk

FX / Currencies phoenixmarkets XTB Plus500
Forex pairs offered 67 50 100
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs Phoenix Markets XTB Plus500
Commodities offered 0 21 17
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Phoenix Markets XTB Plus500
Stocks offered 379 1696 1816
UK Shares Yes all Major Yes Yes
US Shares Yes all Major Yes Yes
German Shares Yes all Major Yes Yes
Japanese Shares No Yes Yes
phoenixmarkets
Instruments
XTB
Instruments
Plus500
Instruments

Trading on Phoenix Markets web platforms and other applications

Phoenix Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An Phoenix Markets IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Phoenix Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

Moreover Phoenix Markets offers Sirix a web based platform enabling you quick and efficient trading from whichever online access you can have available.

See phoenixmarkets's platforms

Phoenix Markets Trading benefits :

  • Allows scalping
  • Offers STP

Phoenix Markets Trading Accounts Offered :

  • Demo account
  • Standard account
  • ECN account
  • Islamic account

Can I try Phoenix Markets before I buy?

Phoenix Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do Phoenix Markets accept?

Phoenix Markets offer the below funding payment methods. learn more about Phoenix Markets

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller

How can I start trading with Phoenix Markets?

When opening a trading account with Phoenix Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Phoenix Markets trading platforms here.

Performing trades with Phoenix Markets

Phoenix Markets allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Phoenix Markets allow you to execute a maxium trade of varies. As Phoenix Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Phoenix Markets

To trade effectively with Phoenix Markets, it's important to get a have a good understanding of the XTB trading tools and the markets.

Phoenix Markets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Phoenix Markets.

Take time to look around the Phoenix Markets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Phoenix Markets

Phoenix Markets support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with Phoenix Markets

As Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Phoenix Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Phoenix Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.phoenixmarkets.com/ on 12th August 2018.

Phoenix Markets not quite right?

Check out these Phoenix Markets Alternatives

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If you feel some of the above Phoenix Markets are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Phoenix Markets alternatives below.

Related Phoenix Markets Comparisons

If you would like to see how Phoenix Markets stands up against other brokers you can read some of our Phoenix Markets comparisons below. We compare side by side some of our top rated Phoenix Markets versus comparisons. Read some indepth Phoenix Markets VS pages below.

PHOENIX MARKETS Frequently Asked Questions

Can I try Phoenix Markets before I buy?

Phoenix Markets offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Phoenix Markets accept?

Phoenix Markets offer the following funding payment methods accept Credit cards, Bank Transfers, Skrill, Neteller, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with Phoenix Markets?

When opening a trading account with Phoenix Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Phoenix Markets trading platforms here.

Is my money safe with Phoenix Markets?

Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like Phoenix Markets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Phoenix Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.