Rating Index
Pros
Low minimum deposit requirement, making it accessible for beginner traders.
Offers a variety of trading instruments, including forex, commodities, and indices.
User-friendly trading platform with mobile access for convenient trading on the go.
Cons
Low trust score, indicating potential reliability issues and concerns about safety.
Limited customer support options, which may lead to delays in resolving issues.
Inadequate regulatory oversight, raising concerns about the protection of traders' funds.
PH broker Accounts
PH Markets Account Type
PH Markets offers four different types of trading accounts tailored to meet the needs of various traders:
- Standard Account
- Minimum Deposit: $100
- Leverage: Up to 1:1000
- Spread: Starts from 1.5 pips
- Commission: None
- Trading Instruments: Forex, CFD, Metals
- Negative Balance Protection: Yes
- Premium Account
- Minimum Deposit: $300
- Leverage: Up to 1:400
- Spread: Starts from 1 pip
- Commission: $3 per lot
- Trading Instruments: Forex, CFD, Metals
- Negative Balance Protection: Yes
- Star VIP Account
- Minimum Deposit: $2000
- Leverage: Up to 1:300
- Spread: Starts from 0.5 pips
- Commission: None
- Trading Instruments: Forex, CFD, Metals
- Negative Balance Protection: Yes
- ECN Pro Account
- Minimum Deposit: $500
- Leverage: Up to 1:200
- Spread: Starts from 0 pips
- Commission: $3 per lot
- Trading Instruments: Forex, CFD, Metals
- Negative Balance Protection: Yes
- Visit the PH Markets Website
- Navigate to PH Markets official website.
- Choose Your Account Type
- Select one of the four account types based on your trading needs and deposit capability.
- Complete the Application Form
- Fill out the online application form with accurate personal information, including your name, email address, phone number, and country of residence.
- Submit Required Documents
- Provide valid identification documents such as a passport or driver's license, proof of address (utility bill or bank statement), and tax identification number (TIN).
- Deposit Funds
- Fund your trading account with the minimum deposit required for your chosen account type using available payment methods.
- Await Account Approval
- Once your application and documents are submitted, wait for approval, which may take a few days.
- Start Trading
- After your account is approved and funded, you can begin trading on the PH Markets platform.
PH Markets Broker Account Opening Process
Opening an account with PH Markets involves the following steps:
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