Compare PHOENIX MARKETS Versus AVATRADE and IC Markets broker accounts.
Compare Phoenix Markets Vs AvaTrade Side by Side
So you are looking for a broker, Phoenix Markets or AvaTrade who should you choose?
When trading on financial markets you will want to know all about who Phoenix Markets or AvaTrade are, and how they compare. You will naturally want to know how long Phoenix Markets and AvaTrade have been in business and what reputation Phoenix Markets and AvaTrade have. On top of this, you will need to discover if Phoenix Markets and AvaTrade match your trading needs.
Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how Phoenix Markets and AvaTrade compare.
Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.
Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of Phoenix Markets and AvaTrade side by side.
If you're itching to start trading, we can assist you in making a well-informed decision when comparing Phoenix Markets and AvaTrade. By comprehensively comparing Phoenix Markets and AvaTrade features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Phoenix Markets, AvaTrade or an alternative broker.
Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on Phoenix Markets and AvaTrade. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.
Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the Phoenix Markets platform or AvaTrade, you can trust with your money with them. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.
71% of retail investor accounts lose money when trading CFDs with this provider
AvaTrade is regulated by the Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland.
The Phoenix Markets online trading platform gives traders from all over the world access to over 97
financial instruments including over 1,250 available instruments. There are over 10,000+ registered customers that have taken advantage
of the Phoenix Markets platform.
Phoenix Markets are regulated by Cyprus Securities and Exchange Commission (CySEC).
AvaTrade is a renowned Ireland financial trading brokerage
established in 2006.
AvaTrade serves customers globally and are regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland.
Depending on the country you are trading from Phoenix Markets may serve you from a
different business entity to comply with its financial regulators.
AvaTrade is not listed on any stock market, does not disclose its yearly report on its website.
This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. Phoenix Markets is listed as a publically traded company so are a reputable broker.
AvaTrade is a popular well known financial trading platform serving over 300,000 customers.
Benefits of Phoenix Markets and AvaTrade Compared
Below, we will give you a summary of the benefits Phoenix Markets and AvaTrade offer side by side.
Phoenix Markets offers a minimum deposit of 500 while AvaTrade have a 100 minimum deposit.
Why smaller trading deposits are good and how Phoenix Markets and AvaTrade compare
One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Phoenix Markets or AvaTrade. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Phoenix Markets requires a minimum deposit of 500, whereas AvaTrade mandates a minimum deposit of 100.
One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds.
It's advisable not to be deterred by a broker's higher minimum deposit, whether it's Phoenix Markets or AvaTrade, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.
Phoenix Markets allows traders to trade up to 97 financial instruments
while AvaTrade have around 1,250 on their trading platform.
The more instruments available on Phoenix Markets and AvaTrade trading platforms
the more potential financial instruments you can buy or sell for your portfolio.
It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities
and you seriously do not want to miss out on a trading opportunity due to the limitations of Phoenix Markets or AvaTrade.
The Phoenix Markets trading platform has 379 stocks listed
while AvaTrade has 1,000 stocks listed.
Phoenix Markets allows retail traders to trade the following assets Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing on the Phoenix Markets MT4,mac,Android.iPhone/iPad trading platforms.
Alternatively AvaTrade allows retail traders to trade Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading
on the AvaTrade Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 trading platforms.
Compare Phoenix Markets and AvaTrade in more detail below.
Drawbacks of Phoenix Markets and AvaTrade Compared
Below we compare what drawbacks Phoenix Markets and AvaTrade have side by side.
Various potential downsides can be associated with certain brokers, including Phoenix Markets and AvaTrade. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by Phoenix Markets compared to AvaTrade. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of Phoenix Markets versus AvaTrade.
BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL
BE, BR, KP, NZ, TR, US, CA, SG
US, IR, CA, NZ, JP
Phoenix Markets Vs AvaTrade Available Financial Markets
The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Phoenix Markets or AvaTrade. A diversified portfolio with Phoenix Markets or AvaTrade can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.
Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like Phoenix Markets or AvaTrade, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Phoenix Markets and AvaTrade.
Phoenix Markets Vs AvaTrade Cryptocurrency Trading
Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Phoenix Markets and AvaTrade, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both Phoenix Markets and AvaTrade offer some form of cryptocurrency trading.
Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.
Investing in cryptocurrencies with Phoenix Markets or AvaTrade is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Phoenix Markets or AvaTrade could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Phoenix Markets, AvaTrade, and all brokers are subject to regulation.
We compare Phoenix Markets vs AvaTrade Crypto options below side by side.
Allows Cryptocurrency Trading (availability subject to regulation)
BTC, XRP, LTC, ETH
BCH, BTC, BTG, ETH, LTC, XRP, EOS, DASH
BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC
Phoenix Markets Vs AvaTrade Commission and Fees
knowing your trading and commission fees with Phoenix Markets vs AvaTrade is extremely important.
For the majority of the Phoenix Markets 97 financial instruments
and AvaTrade 1,250 available financial
The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with Phoenix Markets and AvaTrade. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Phoenix Markets and AvaTrade before you invest because you must know what you are paying.
You ideally want to choose a broker like Phoenix Markets or AvaTrade that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with Phoenix Markets or AvaTrade. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.
Your location or residence will have an impact on your potential Phoenix Markets and AvaTrade fees, of course. Make sure you do your research and check the commission and fees with both Phoenix Markets and AvaTrade before you invest anything.
Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period.
Also, with Phoenix Markets or AvaTrade be aware of or 3rd party payment provider fees and currency conversion fees.
Phoenix Markets does charge inactivity fees, while AvaTrade does not charge inactivity fees.
Numerous notifications are usually sent to you as a reminder of dormant Phoenix Markets and AvaTrade accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your Phoenix Markets or AvaTrade account, or choose to close it.
Usually, the associated fees for dormant Phoenix Markets or AvaTrade accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live Phoenix Markets or AvaTrade trading account activity to avoid any unnecessary fees or charges.
When you deposit money to a broker like Phoenix Markets or AvaTrade you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Phoenix Markets or AvaTrade nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.
Let's see how Phoenix Markets vs AvaTrade compare side by side for commissions and fees.
We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the Phoenix Markets and AvaTrade platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.
Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an Phoenix Markets or AvaTrade demo account.
Trading on your mobile with Phoenix Markets and AvaTrade can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and Phoenix Markets and AvaTrade mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Phoenix Markets or AvaTrade. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Phoenix Markets or AvaTrade can help limit your risk and trade on the move.
If you own an iPhone, having an IOS Apple mobile trading app with Phoenix Markets or AvaTrade is essential.
Likewise, if you have an android phone, it's crucial to verify if Phoenix Markets or AvaTrade broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Phoenix Markets and AvaTrade have trading apps compatible with your device.
Phoenix Markets Vs AvaTrade Trading Account Types Offered
Phoenix Markets Vs AvaTrade Demo Account
A demo account with Phoenix Markets or AvaTrade is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Phoenix Markets and AvaTrade demo account.
Phoenix Markets Vs AvaTrade Micro Account
Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.
If you need a micro account check if Phoenix Markets or AvaTrade offer micro trading accounts in your region.
Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.
Phoenix Markets does not offer clients Micro accounts, while AvaTrade does offer clients Micro accounts.
Phoenix Markets Vs AvaTrade Standard Account
A standard account is available on Phoenix Markets and AvaTrade to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.
Both Phoenix Markets and AvaTrade do offer clients Standard accounts.
Phoenix Markets Vs AvaTrade MAM Account
A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with Phoenix Markets or AvaTrade or alternative.
Phoenix Markets does not offer clients MAM accounts, while AvaTrade does offer clients MAM accounts.
Phoenix Markets Vs AvaTrade ECN Account
The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.
ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.
If you need a ECN account check they are available with Phoenix Markets or AvaTrade or alternative.
Phoenix Markets does offer clients ECN accounts, while AvaTrade does not offer clients ECN accounts.
Phoenix Markets Vs AvaTrade Islamic Account
An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.
If you need a Islamic account check they are available with Phoenix Markets or AvaTrade or alternative.
Both Phoenix Markets and AvaTrade do offer clients Islamic accounts.
Phoenix Markets Vs AvaTrade STP Account
Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.
If you need a STP account check they are available with Phoenix Markets or AvaTrade or alternative.
Phoenix Markets does offer clients STP accounts, while AvaTrade does not offer clients STP accounts.
Phoenix Markets Vs AvaTrade Managed Account
A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.
While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.
Phoenix Markets does not offer clients Managed accounts, while AvaTrade does offer clients Managed accounts.
Phoenix Markets Vs AvaTrade Withdrawal and Funding Methods
Phoenix Markets and AvaTrade have multiple deposit and withdrawal options. Funding and withdrawing from your Phoenix Markets and AvaTrade accounts to your chosen payment method should be straightforward. Lets see how Phoenix Markets and AvaTrade compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from Phoenix Markets or AvaTrade.
Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),
Phoenix Markets Vs AvaTrade Customer Support Compared
Customer support is essential when trading. Even professional traders will eventually need the help of Phoenix Markets or AvaTrade support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the Phoenix Markets and AvaTrade support is always available when needed. Phoenix Markets and AvaTrade customer support is not just useful. broker customer support is crucial to your trading success!
Phoenix Markets Vs AvaTrade Live Chat
Live chat is important for several reasons. When you encounter a problem with Phoenix Markets or AvaTrade trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.
Both Phoenix Markets and AvaTrade offer livechat support.
Phoenix Markets Vs AvaTrade Email Support
When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Phoenix Markets or AvaTrade you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Phoenix Markets or AvaTrade support team to answer satisfactorily. Email support with Phoenix Markets and AvaTrade will be needed.
Both Phoenix Markets and AvaTrade offer email support.
Phoenix Markets Vs AvaTrade Phone Support
Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Phoenix Markets or AvaTrade. We can get straight to the point, saving us time and frustration.
Both Phoenix Markets and AvaTrade offer phone support.
Lets see how Phoenix Markets and AvaTrade customer support compare side by side.
Phoenix Markets Vs AvaTrade Regulation and Licensing
Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether Phoenix Markets and AvaTrade are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that Phoenix Markets or AvaTrade have these in place, please be extremely cautious before you proceed with them.
We compare Phoenix Markets Vs AvaTrade financial regulation and licensing side by side below.
Phoenix Markets Vs AvaTrade Risk Management Features
When trading with either Phoenix Markets or AvaTrade you will want to understand and make full use of all the
risk management features on your Phoenix Markets or AvaTrade trading platforms.
We compare side by side the trading risk management features offered by Phoenix Markets and AvaTrade below.
Phoenix Markets Vs AvaTrade Hedging
What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on
the outcome of one event, as holding all your assets in one place could be risky.
Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification.
Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.
Phoenix Markets does not offer clients hedging, while AvaTrade does offer clients hedging.
Phoenix Markets Vs AvaTrade Stop Loss
Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair.
In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage.
Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.
Both Phoenix Markets and AvaTrade do offer clients stop losses.
Phoenix Markets Vs AvaTrade Limit Orders
Every broker should allow users to place a limit order.
Limit orders are when you have the order to buy a financial instrument at a specific price.
Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price!
It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.
Both Phoenix Markets and AvaTrade do offer clients limit orders.
Phoenix Markets Vs AvaTrade Negative Balance Protection
Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.
Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade.
Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.
Phoenix Markets does not offer clients negative balance protection, while AvaTrade does offer clients negative balance protection.
We hope this Phoenix Markets Vs AvaTrade guide has helped you decide who is best to trade with out of Phoenix Markets and AvaTrade.
When choosing a broker like Phoenix Markets or AvaTrade for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Phoenix Markets or AvaTrade are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as Phoenix Markets or AvaTrade, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Phoenix Markets or AvaTrade.
Also, before you sign up with online brokers like Phoenix Markets or AvaTrade, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with Phoenix Markets or AvaTrade before investing money into something.
Beware of the risks that come with trading with Phoenix Markets or AvaTrade. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Phoenix Markets and AvaTrade educational resources and financial research tools. If you are new to trading, sign up for a demo account with Phoenix Markets and AvaTrade to find which suits you and your trading style.
Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using Phoenix Markets or AvaTrade will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if Phoenix Markets and AvaTrade fees match your trading requirements.
Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with Phoenix Markets or AvaTrade if your investment strategy is more long-term.
Phoenix Markets and AvaTrade Alternatives
If Phoenix Markets and AvaTrade are not what you are not quite what you are looking for we list some of the best Phoenix Markets and AvaTrade alternatives below.
Other Phoenix Markets and AvaTrade Vs Comparisons
If you are still looking for an alternative to Phoenix Markets and AvaTrade and want to see how Phoenix Markets or AvaTrade compares Vs other brokers check out the Phoenix Markets Vs and AvaTrade Vs list below.
Phoenix Markets Vs Alternatives
Still not happy have a look at some of our alternative Phoenix Markets Vs side by side comparisons below
Phoenix Markets Vs AvaTrade Frequently Asked Questions
We answer some of the most frequently asked Phoenix Markets Vs AvaTrade questions below.
Is Phoenix Markets any Good?
Knowing that a broker is legit is the first thing you should check before signing up with a broker.
Is Phoenix Markets legit? - Phoenix Markets are regulated by Cyprus Securities and Exchange Commission (CySEC)
and have been in business since 2013
Is AvaTrade any Good?
AvaTrade are regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland and have been in business since 2006.
Which is better Phoenix Markets or AvaTrade?
Phoenix Markets does not have a high rating, while AvaTrade does not have a high rating.
Is Phoenix Markets a con?
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) and have been in business since 2013.
Phoenix Markets is most definitely not a con as they are regulated by major financial regulators.
Is AvaTrade a con?
AvaTrade is regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland and have been in business since 2006.
We recommend looking at a AvaTrade alternative that has more financial regulation.
What happens if Phoenix Markets or AvaTrade go bust?
Phoenix Markets and AvaTrade are regulated, which means that as part of their regulatory obligations Phoenix Markets and AvaTrade have to offer a certain level of financial protection to their clients. Phoenix Markets and AvaTrade should by law keep client funds separate from Phoenix Markets and AvaTrade funds. If either Phoenix Markets or AvaTrade goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the Phoenix Markets and AvaTrade websites and regulators.
Are Phoenix Markets or AvaTrade good for beginners?
Phoenix Markets and AvaTrade offer low deposits and access to a selection of market insights and news resources. Both Phoenix Markets and AvaTrade offer demo accounts. Demo trading accounts are a big plus for Phoenix Markets and AvaTrade as it shows they are interested in their customers.