Phoenix FX Forex Broker keeps up-to-date with the latest trading account information, including MAX, ECN, SUPER maximum leverage of 1:500, trading varieties, and more
Rating Index
Pros
Leverage up to 1:500, allowing traders to amplify their positions significantly.
Low minimum deposit requirement of $10, making it accessible for beginner traders.
Offers a variety of tradable instruments, including forex, indices, stocks, cryptocurrencies, and metals.
Cons
No valid regulatory oversight, raising concerns about the broker's legitimacy and client protection.
Numerous user complaints regarding difficulties with withdrawals and poor customer service.
Limited educational resources and trading tools, which may disadvantage inexperienced traders.
Phoenix FX broker Accounts
MAX
ECN
SUPER
Phoenix FX Account Type
Phoenix FX offers a variety of trading accounts to cater to different trading preferences and investment levels. The available account types include:
- Super Account
- Minimum Deposit: $10
- Leverage: Up to 1:500
- Commission: Zero
- Spread: Fixed from 1.5 pips
- ECN Account
- Minimum Deposit: $10
- Leverage: Up to 1:500
- Commission: $10 per trade
- Spread: Raw spreads
- Max Account
- Minimum Deposit: $10
- Leverage: Up to 1:500
- Commission: Zero
- Spread: Fixed from 2.5 pips
- Visit the Website: Go to the official Phoenix FX website.
- Choose Account Type: Select the type of account you wish to open (Super, ECN, or Max).
- Register: Click on the "Start Trading" or "Open a Demo Account" button to begin the registration process.
- Fill Out the Registration Form: Provide your personal details, including your name, email address, phone number, and password.
- Verify Your Account: Upload the required identification documents (e.g., government-issued ID and proof of address) to comply with KYC regulations.
- Fund Your Account: Log in to your client portal and deposit the minimum required funds using one of the available payment methods.
Each account is designed to meet the needs of various traders, whether they are beginners or more experienced investors, providing options for both low-cost entry and advanced trading conditions.
Phoenix FX Broker Account Opening Process
To open an account with Phoenix FX, follow these steps:
Once your account is verified and funded, you can start trading on the platform.
For more information, you can visit the following sources:
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