Phoenix Markets Rated 3/5

Phoenix Markets Guide - Read our In Depth 2023 Phoenix Markets Review

This Phoenix Markets review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Benefits of Trading with Phoenix Markets

Phoenix Markets Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 500
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 Phoenix Markets users and traders
๐Ÿ“† Founded 2013
๐ŸŒ HQ Cyprus
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Cyprus Securities and Exchange Commission (CySEC)
๐Ÿšซ Excluded Countries Phoenix Markets is not available in the following countries : RU

Open Phoenix Markets's Website

Your capital is at risk


learn more Learn more about IC Markets.
Losses can exceed deposits

What is Phoenix Markets?

Phoenix Markets are a worldwide financial trading platform and broker. founded in 2013

Over 10 years later Phoenix Markets now serves over 10,000 retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

Phoenix Markets are a global broker. Phoenix Markets have a head office in Cyprus.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Phoenix Markets review and assess how well the Phoenix Markets platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Phoenix Markets. Choosing or shortlisting a trading platform like Phoenix Markets can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Phoenix Markets.

As a result, selecting the right trading platform like Phoenix Markets requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Phoenix Markets available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Phoenix Markets requires thorough due diligence and careful consideration. Some Phoenix Markets trading features can be complex when trading on mobile or using the Phoenix Markets online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Phoenix Markets trading tools properly. In our review of Phoenix Markets we explain the pros and cons. What Phoenix Markets offer, countries Phoenix Markets are available in. Who Phoenix Markets are regulated by and more.

Phoenix Markets Review Screenshot

When it comes to online trading with brokers like Phoenix Markets, carefully review Phoenix Markets as your broker can make or break your success. Choosing the right broker is essential to ensure your Phoenix Markets investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Phoenix Markets review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Phoenix Markets. You must also ensure the Phoenix Markets broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Phoenix Markets needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Phoenix Markets into easily digestible information in this Phoenix Markets review. We want to ensure you have all the knowledge necessary to use the Phoenix Markets trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Phoenix Markets are the key to successful trading, so we've provided this detailed Phoenix Markets review. So, take a seat, grab a cup of coffee, and dive in to learn about Phoenix Markets and how it can benefit you or if Phoenix Markets is not for you.

Online investing with Phoenix Markets can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Phoenix Markets, evaluating the Phoenix Markets platform is important. Evaluation includes researching the Phoenix Markets management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Phoenix Markets. That's why it's essential to understand the Phoenix Markets company policies and practices before making any investment decisions. By doing your due diligence and understanding Phoenix Markets platform, you can make informed investment choices that align with your financial goals. So take the time to research Phoenix Markets thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Phoenix Markets review you need to determine if Phoenix Markets is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Phoenix Markets, so you can make a more informed decision and compare other brokers against Phoenix Markets.

If you want to look at some Phoenix Markets alternatives that might better fit your needs, we list and compare some of the best Phoenix Markets alternatives further down this Phoenix Markets review.

Don't be fooled by the misconception that online trading is easy with Phoenix Markets. It can be challenging and requires significant research and understanding of the Phoenix Markets trading tools and features. You must know what you are doing when trading with Phoenix Markets. That's why we've compiled this detailed Phoenix Markets review with some important information that will hopefully make you more informed when online trading with Phoenix Markets.

Phoenix Markets Review Table of Contents

Phoenix Markets review
Phoenix Markets is a Multi-Assets Trading Platform with over 97+ Assets

Learn more about Phoenix Markets. Phoenix Markets is a multi asset platform with 97+ tradable Assets. Assets available on Phoenix Markets include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Phoenix Markets trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

Features of Phoenix Markets

Phoenix Markets review
What you should know

Phoenix Markets offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing. The assets and products available to you on the Phoenix Markets trading platform depends on the region of the world, you are in and the Phoenix Markets entity you have an account.

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 considering Phoenix Markets for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Phoenix Markets, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2013, and in operation for 10 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.

Phoenix Markets withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Phoenix Markets are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Phoenix Markets are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Phoenix Markets and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Phoenix Markets has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, Phoenix Markets will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Phoenix Markets, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If Phoenix Markets violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with Phoenix Markets?

All payments made to Phoenix Markets by traders are securely held in a segregated bank account.

Phoenix Markets uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Phoenix Markets use them?

Phoenix Markets partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Phoenix Markets clients' funds.

Phoenix Markets clients can have greater confidence in their financial security when working with a Tier 1 bank because Phoenix Markets are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Phoenix Markets deposited in a Tier 1 bank?

Depositing funds with Phoenix Markets ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Phoenix Markets were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Phoenix Markets is a secure and safe platform.

Please be aware that trading in financial assets with Phoenix Markets carries a risk of loss. Phoenix Markets trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Phoenix Markets emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Phoenix Markets, let's closely examine its features.

To better understand the Phoenix Markets trading platform, you can create two separate accounts - one with real money and the other a Phoenix Markets demo account. A Phoenix Markets demo account provides a risk-free environment for experimenting with the Phoenix Markets platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Phoenix Markets trading decisions.

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.

How Phoenix Markets as a Company Compare Against Other Brokers

Broker phoenixmarkets IC Markets Roboforex Pepperstone
Year Established 2013 2007 2009 2010
Head Office Cyprus Australia Belize Australia
Regulation Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
Used By 10,000+ Phoenix Markets users 180,000+ IC Markets users 1,000,000+ Roboforex users 400,000+ Pepperstone users
Negative balance protection No Yes No Yes
Guaranteed Stop Loss No No No No
Learn More Visit Phoenix Markets Visit IC Markets Visit Roboforex Visit Pepperstone
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs

Phoenix Markets review
Phoenix Markets Pros and Cons

What we like about Phoenix Markets

  • Used by over 10,000 Phoenix Markets users and 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 review
Phoenix Markets Regulation and Licensing in more detail

Phoenix Markets is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Phoenix Markets going into insolvency. Phoenix Markets compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Phoenix Markets to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Phoenix Markets traders.

Phoenix Markets is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Phoenix Markets you should be sure they're legitimate online agent.

Is Phoenix Markets Global?

Yes, Phoenix Markets is global as Phoenix Markets is available in over 178 countries.

Phoenix Markets is a global trading platform in the sense that it operates in 178 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Phoenix Markets covers include the UK, Germany, South Africa, Thailand, China and Australia. Phoenix Markets has a total of more than 10,000 users.

Phoenix Markets review
Phoenix Markets Fees Explained

  • Phoenix Markets withdrawal fees varies on payment method
  • Phoenix Markets does charge a fee for inactive accounts.
  • Phoenix Markets does charge deposit fees.

Modern brokers like Phoenix Markets provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Phoenix Markets may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Phoenix Markets trading profitability.

How Phoenix Markets Fees Compare Against Other Brokers

Broker phoenixmarkets IC Markets Roboforex Pepperstone
Min Deposit 500 200 10 200
Withdrawal Fees varies No Yes No
Inactivity Fees No No No
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

Phoenix Markets Minimum Deposit

Phoenix Markets requires a minimum deposit of 500 GBP/USD/EUR when opening an Phoenix Markets trading account.

A minimum deposit is the minimum amount of money required by Phoenix Markets to open a new online brokerage account with them.

Don't be scared off by brokers like Phoenix Markets charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Phoenix Markets, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Phoenix Markets Withdrawal Fees

The fees for withdrawing funds from your Phoenix Markets account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Phoenix Markets withdrawal request is important.

Phoenix Markets Withdrawal rules may vary across different brokers when it comes to transferring funds from your Phoenix Markets or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Phoenix Markets may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Phoenix Markets withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Phoenix Markets. Researching and comparing Phoenix Markets withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Phoenix Markets funds frequently or dealing with large sums of money. Awareness of these Phoenix Markets fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Phoenix Markets funds.

For example, Phoenix Markets allows you to withdraw your funds to Credit cards, Skrill, Neteller, Bank Transfer.

Phoenix Markets Inactivity Fees

Phoenix Markets does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Phoenix Markets terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Phoenix Markets fees and services. It's recommended that you check the Phoenix Markets website before signing up. If you decide to close your Phoenix Markets account, it's important to do so with the Phoenix Markets broker customer support and obtain confirmation that no remaining Phoenix Markets fees are due.

Brokers like Phoenix Markets must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Phoenix Markets Deposit Fees

Phoenix Markets do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Phoenix Markets Commission Fees

Phoenix Markets does charge commission on CFD instruments.

Brokerage firms like Phoenix Markets may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Phoenix Markets trading account level held by the trader.

Phoenix Markets may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Phoenix Markets terms and conditions to understand the commission fees and any other charges that may apply is essential.

Phoenix Markets review
What can you trade with Phoenix Markets?

It's essential to note that the trading instruments offered under the Phoenix Markets brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Phoenix Markets trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, Phoenix Markets offer over 67 currency pairs.

Compare Phoenix Markets with IC Markets and Roboforex below.

Your capital is at risk

How Phoenix Markets Trading Options Compare Against Other Brokers

Broker phoenixmarkets IC Markets Roboforex Pepperstone
Instruments Available 97 2250 100 1200
Platforms MT4,mac,Android.iPhone/iPad MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 67 61 35 70
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 16
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 379 2100 0 1100
UK Shares Yes all Major Yes Yes Yes
US Shares Yes all Major Yes Yes Yes
German Shares Yes all Major Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Phoenix Markets
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit Pepperstone
74-89 % of retail investor accounts lose money when trading CFDs

Phoenix Markets review
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.

A 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 trading apps help you stay on top of your trades and execute them on the go.

See Phoenix Markets's platforms

Is the Phoenix Markets Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Phoenix Markets trading platform to protect you on PC and mobile Phoenix Markets platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Phoenix Markets web trading platforms.

Phoenix Markets Trading Platform Options

After logging into your Phoenix Markets account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that Phoenix Markets does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

Phoenix Markets does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options Phoenix Markets gives you.

Phoenix Markets review
Phoenix Markets MetaTrader 4 (MT4)

Phoenix Markets MetaTrader 4

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Phoenix Markets offers traders comprehensive features and tools to enhance their trading performance. The Phoenix Markets MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Phoenix Markets platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Phoenix Markets traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Phoenix Markets traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Phoenix Markets trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Phoenix Markets MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Phoenix Markets, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Phoenix Markets MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Phoenix Markets allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Phoenix Markets in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Phoenix Markets MetaTrader 4 is compatible with the latest macOS. Phoenix Markets allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Phoenix Markets

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Phoenix Markets MetaTrader 4 on iOS Devices

You can download the Phoenix Markets app or trade with Phoenix Markets through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Phoenix Markets customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Phoenix Markets MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Phoenix Markets offers its clients access to the MetaTrader 4 platform on these devices. With the Phoenix Markets MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Phoenix Markets traders to stay on top of their trades and react quickly to changes in the market. With the Phoenix Markets MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Phoenix Markets MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Phoenix Markets are a powerful bundle of three major indicators designed to help traders make informed decisions. Phoenix Markets MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Phoenix Markets traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Phoenix Markets traders to potentially stay one step ahead.

Phoenix Markets MetaTrader 4 Advanced Trading Tools

The Phoenix Markets MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Phoenix Markets traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Phoenix Markets provides traders with everything they need to succeed. The Phoenix Markets MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Phoenix Markets traders to analyze the market at any level of complexity.

Trade Phoenix Markets MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Phoenix Markets MetaTrader 4 AutoChartist

Autochartist on the Phoenix Markets platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Phoenix Markets MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, Phoenix Markets traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Phoenix Markets users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Phoenix Markets traders can navigate the platform and find the information they need to make informed trading decisions.

Phoenix Markets Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Phoenix Markets traders of all experience levels.

Phoenix Markets Trading benefits

  • Phoenix Markets Allows scalping
  • Phoenix Markets Offers STP

Phoenix Markets Trading Accounts Offered

Below we give an overview of the account types that Phoenix Markets offer. Whatever you are looking to trade, the varying Phoenix Markets account types will be able to provide you with what you need.

  • Phoenix Markets Demo account
  • Phoenix Markets Standard account
  • Phoenix Markets ECN account
  • Phoenix Markets STP account
  • Phoenix Markets Islamic account

Can I try Phoenix Markets?

Phoenix Markets provides a demo account that enables individuals to explore trading before investing their funds. By creating a Phoenix Markets practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Phoenix Markets demo account can help individuals to make informed decisions before investing their money.

Open a demo Phoenix Markets account to practice and trade.

Your capital is at risk

Phoenix Markets withdrawal and funding methods

It's essential to remember that the payment methods provided by Phoenix Markets vary based on the Phoenix Markets entity and the Phoenix Markets client's country of residence. To view the Phoenix Markets payment options available, you can log into your Phoenix Markets member's area.

Phoenix Markets offers various funding payment methods listed in your Phoenix Markets dashboard if available in your region. To learn more about the Phoenix Markets funding and withdrawal options available in your area, you can explore the Phoenix Markets website.

Phoenix Markets provides several payment methods for funding your Phoenix Markets account. You may utilize any of these deposit options if they are available in your region. Phoenix Markets ensures that users have multiple payment methods to choose from, making it more convenient for verified Phoenix Markets account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Phoenix Markets user's location. learn more about Phoenix Markets funding and withdrawal methods.

Phoenix Markets Payment Methods

Some Phoenix Markets payment methods are local and are available only to specific regions. Phoenix Markets account holders should check which payment methods are provided in your region.
  • Phoenix Markets accepts Credit cards
  • Phoenix Markets accepts Skrill
  • Phoenix Markets accepts Neteller
  • Phoenix Markets accepts Bank Transfer
Broker phoenixmarkets IC Markets Roboforex Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill Yes Yes Yes Yes
Payoneer No No Yes No
Neteller Yes Yes Yes Yes

*please note available Phoenix Markets and other broker payment methods depend on the clients country of residence.

How can I start trading with Phoenix Markets?

To open a trading account with Phoenix Markets, individuals can sign up on the Phoenix Markets website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Phoenix Markets account validation and making a deposit. Once completed, Phoenix Markets users can download the trading platform of their choice.

It's important to note that Phoenix Markets requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Phoenix Markets maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Phoenix Markets trading platforms is available on their website.

Your capital is at risk

Performing trades with Phoenix Markets

When using Phoenix Markets, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Phoenix Markets have a max trade of varies. With the ECN and STP execution methods offered by the platform, traders using Phoenix Markets can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

Like other brokers, Phoenix Markets margin requirements can differ depending on the traded instrument.

CFD Trading on Phoenix Markets

We will show you an example of the basics of using Phoenix Markets leverage.

CFD trading on Phoenix Markets allows traders to speculate on the price movements of various financial instruments against the broker Phoenix Markets, without actually owning real assets. With CFDs, Phoenix Markets traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Phoenix Markets provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Phoenix Markets leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Phoenix Markets trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Phoenix Markets leverage magnifies both profits and losses in trading.

Trading CFD trades on the Phoenix Markets platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Phoenix Markets traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at Phoenix Markets

To trade effectively with Phoenix Markets, it's important to have a good understanding of the Phoenix Markets trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Phoenix Markets and externally.

Phoenix Markets . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Phoenix Markets. Familiarizing yourself with the Phoenix Markets trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Phoenix Markets. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Phoenix Markets involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Phoenix Markets, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Phoenix Markets. Explore the Phoenix Markets platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Phoenix Markets, before live trading.

Customer Support at Phoenix Markets

As part of our Phoenix Markets review, we review customer service options, response times and problem resolution effectiveness on the Phoenix Markets trading platform. The Phoenix Markets trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Phoenix Markets have grade A support rating because Phoenix Markets offer over three languages.

Livechat Support at Phoenix Markets

Our experience with Phoenix Markets live chat was positive. We tested their live chat feature through their app and website and received a response within 6 minutes, an acceptable response time. The support team was helpful and provided us with the necessary information.

We tested the effectiveness of communicating with Phoenix Markets support in multiple languages and countries. Our customer issues were resolved promptly by the Phoenix Markets support team, proving their ability to efficiently and effectively support customers in diverse locations and languages.

Email Support at Phoenix Markets

After testing, we found that the email support provided by Phoenix Markets was excellent, with a fast response time. We received the fastest response in less than 60 minutes, while the slowest response was in 11 hours. It's important to note that response times may vary based on your experience with Phoenix Markets, but in our case, we sent 25 emails at varying times.

The support team resolved and answered our queries. Overall, we had a good experience with the email support provided by Phoenix Markets.

Phone Support at Phoenix Markets

We contacted Phoenix Markets via phone, and our call was answered within a reasonable timeframe of 7 minutes.

The Phoenix Markets phone support team was able to assist us with our queries and issues. We put their multilingual support to the test by speaking to them in various languages, and they were able to communicate effectively.

Overall, while the phone support experience was satisfactory, there is still room for improvement.

See how Phoenix Markets Support Compares Against Other Brokers

Broker phoenixmarkets IC Markets Roboforex Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic
Learn More Visit Phoenix Markets Visit IC Markets Visit Roboforex Visit Pepperstone
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs

What you will need to open an account with Phoenix Markets

As Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).

As a new client of Phoenix Markets, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Phoenix Markets in your region. During the Phoenix Markets account opening process, you will be asked to provide Phoenix Markets with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Phoenix Markets have the following documents available.

  • Phoenix Markets require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for Phoenix Markets compliance. This must be dated within the last six months.
  • If you plan to fund your Phoenix Markets account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Phoenix Markets platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Phoenix Markets Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Phoenix Markets's platform.

However, remember that you won't be able to make trades on Phoenix Markets until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Phoenix Markets KYC compliance process as soon as possible to avoid any delays in accessing the Phoenix Markets platform's features.

It is important to note that Phoenix Markets may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Phoenix Markets platform and features immediately. However, you must pass the verification process to start live trading with Phoenix Markets, which can take up to a few business days.

To start the process of opening an account with Phoenix Markets you can visit the Phoenix Markets trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.phoenixmarkets.com/ on May 31, 2023.

Is Phoenix Markets A Good Broker?

We have spent over 5 years examining Phoenix Markets in depth. Although we found some very useful aspects of the Phoenix Markets platform that would be useful to some traders. We feel that a alternative to Phoenix Markets may better suit you.

  • Phoenix Markets have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • Phoenix Markets has a history of over 10 years.
  • Phoenix Markets has a reasonable sized customer support of at least 10.
  • Phoenix Markets are regulated by the Cyprus Securities and Exchange Commission (CySEC). Phoenix Markets is subject to strict regulatory oversight from its respective jurisdiction, which holds Phoenix Markets (the broker) accountable for misconduct. This regulatory framework helps ensure that Phoenix Markets operates fairly and transparently and provides Phoenix Markets customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Phoenix Markets.
  • Phoenix Markets have regulation from reputable regulators.
  • One of the advantages of using Phoenix Markets is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Phoenix Markets are particularly important as Phoenix Markets traders want to receive their money quickly. With the efficient Phoenix Markets payment processing system, traders can enjoy faster access to their Phoenix Markets funds.
  • Phoenix Markets have an international presence in multiple countries. Including local Phoenix Markets seminars and training.
  • Phoenix Markets can hire people from various locations in the world who can better communicate in your local language.

Phoenix Markets Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Phoenix Markets not quite right?

If after reading this Phoenix Markets review, Phoenix Markets does not fulfill your needs check out these Phoenix Markets Alternatives.

Click here to view the best Phoenix Markets Alternatives

We have spent years researching the best alternatives to Phoenix Markets. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective Phoenix Markets alternatives available today. If you are unsatisfied with Phoenix Markets or want to explore other options, we recommend checking out our carefully curated list of highly-rated Phoenix Markets alternatives. Follow the links below to learn more about these Phoenix Markets broker alternatives and choose the one that best suits your trading needs.

Related Phoenix Markets Vs Comparisons

Throughout our comprehensive Phoenix Markets review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Phoenix Markets against other popular brokers in the industry, check out our Phoenix Markets Vs pages. Our team has compiled a series of detailed Phoenix Markets comparison articles, pitting the Phoenix Markets platform against some of the best-rated Phoenix Markets competitors in the market. Dive into our informative Phoenix Markets Vs pages below to find out how Phoenix Markets stacks up against other leading brokers.

Phoenix Markets review
PHOENIX MARKETS Frequently Asked Questions

Read our detailed Phoenix Markets FAQ Section updated for 2023.

Can I try Phoenix Markets?

Phoenix Markets offer a demo account so you can try the Phoenix Markets platform with virtual trading before you put down a payment. Virtual trading with Phoenix Markets is zero risk. Learn more here

What funding methods do Phoenix Markets accept?

Please note that the list of payment methods below depends on the Phoenix Markets Entity and the client's Country of Residence.

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

Your capital is at risk

Is Phoenix Markets safe?

Phoenix Markets have over 10,000 users. Phoenix Markets are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). 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 bank's financial health and strength.Trading with Phoenix Markets is risky, and because the market is so volatile, losses could happen at any time.

Your capital is at risk

Is Phoenix Markets trading good?

Phoenix Markets is considered good and reputable to trade with Phoenix Markets. Phoenix Markets is used by over 10,000 traders and Phoenix Markets users. Phoenix Markets offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with Phoenix Markets is 500.

Is Phoenix Markets trading Legit?

Phoenix Markets was founded in Cyprus in 2013. Phoenix Markets has been facilitating trade on the financial markets for over 10 years. Phoenix Markets offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to Phoenix Markets are held in segregated bank accounts for security. Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is Phoenix Markets a good broker?

Phoenix Markets allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Phoenix Markets is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.

Is Phoenix Markets trustworthy broker?

Phoenix Markets is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Phoenix Markets, money is in a segregated bank account that is separate from Phoenix Markets company's funds. As a regulated broker, Phoenix Markets cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Phoenix Markets. Instead, your Phoenix Markets funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Phoenix Markets. Also Phoenix Markets is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for Phoenix Markets?

The minimum deposit to trade with Phoenix Markets is 500.

How long do Phoenix Markets withdrawals take?

Withdrawing money from Phoenix Markets processing time varies depending on the method but averages 1-5 days.

Is Phoenix Markets regulated?

Phoenix Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of Phoenix Markets maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Phoenix Markets a market maker?

Phoenix Markets is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by Phoenix Markets even if no buyer or seller is lined up.

How can I start trading with Phoenix Markets?

When opening a trading account with Phoenix Markets, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Phoenix Markets trading platforms, you can follow the link provided below: Learn more about signing up with the Phoenix Markets trading platform here. This will provide useful information and insights into the various trading platforms offered by Phoenix Markets, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Phoenix Markets?

Yes your money is safe with Phoenix Markets.

Overall, strict financial regulation is essential for ensuring that trading platforms like Phoenix Markets operate fairly, transparently, and responsibly, which ultimately benefits all Phoenix Markets stakeholders involved.

Trading platforms like Phoenix Markets must have strict financial regulation for several reasons:

  • Protecting Phoenix Markets Investors: Strict financial regulation ensures that investors who use the Phoenix Markets trading platform are protected against fraudulent or unethical behavior by the Phoenix Markets platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Phoenix Markets platform.
  • Maintaining Phoenix Markets Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Phoenix Markets trading platform. Regulatory procedures reduce the likelihood of the Phoenix Markets platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Phoenix Markets Transparency: Regulations require trading platforms like Phoenix Markets to maintain detailed records and disclose Phoenix Markets client information. Financial regulatory requirements enhances transparency and helps to build trust between the Phoenix Markets platform and its investors.

Phoenix Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as Phoenix Markets, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Phoenix Markets ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Phoenix Markets.

Is Phoenix Markets a con?

Phoenix Markets is regulated and well established, having been in business for over 10 years. Phoenix Markets is not a con.

Can you make money with Phoenix Markets?

Although traders have had great success with Phoenix Markets, trading on the financial markets with Phoenix Markets is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Phoenix Markets have fees?

Phoenix Markets withdrawal fees vary on payment method.Phoenix Markets does charge a fee for inactive accounts. Phoenix Markets do charge deposit fees.

When was Phoenix Markets founded?

Phoenix Markets was founded in 2013.

How many people use Phoenix Markets?

Phoenix Markets is used by over 10,000 registered Phoenix Markets users.

What is Phoenix Markets Headquarters country?

Phoenix Markets has its head quarters office in Cyprus .

Does Phoenix Markets offer negative balance protection?

Phoenix Markets does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Phoenix Markets offer guaranteed stop loss?

Phoenix Markets does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Phoenix Markets allow scalping?

Phoenix Markets offers scalping.

Does Phoenix Markets allow hedging?

Phoenix Markets does not offer hedging.

Does Phoenix Markets offer CFD trading?

Phoenix Markets offers CFD trading.

Does Phoenix Markets offer STP?

Phoenix Markets offers STP trading.

How many people use Phoenix Markets?

Phoenix Markets is used by over 10000 Phoenix Markets users and traders.

Is Phoenix Markets an ECN broker?

Phoenix Markets offers ECN trading.

Does Phoenix Markets offer a demo account?

Phoenix Markets offers a demo account.

Does Phoenix Markets offer an Islamic account?

Phoenix Markets offers an Islamic account.

What are the funding methods for Phoenix Markets?

Please note that funding methods and options available with Phoenix Markets can be found in the Phoenix Markets Members area and depend on the Phoenix Markets clientโ€™s country of residence. Please check your specific available payment methods on the Phoenix Markets website. Phoenix Markets accept the following funding methods : Credit cards, Skrill, Neteller, Bank Transfer.

Phoenix Markets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Phoenix Markets brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Phoenix Markets review written by Mark Hansen of Comparebrokers.co