PH Markets Forex Broker

PH MarketsReview SummaryFounded2024Registered Country/RegionSaint LuciaRegulationNo regulationMarket InstrumentsForexPrecious metals & CommoditiesIndicesCryptocurrency CFDsSharesDemo Account✅LeverageUp to 1:1000Spread1.2 (EUR/USD)Trading PlatformMT5Min Deposit$100Customer SupportPhone: +91 9940998183Email: support@phmarketsltd.comPhysical Address: New No: 80, old no: 347/1 Basement Arcot Road, Trustpuram, Kodambakkam, Chennai, Tamilnadu, India, 600024PH Markets Information PH Markets, a brokerage incorporated in Saint Lucia in 2024. It mainly offers Forex, Precious metals & Commodities, Indices, Cryptocurrency CFDs, Shares to traders, and supports the use of MT5. In addition, it provides 4 account types. Currently, PH Markets is not regulated.Pros and ConsProsCons4 account typesNo regulationThe trading platform is MT5Leverage up to 1:1000The spread can start at 0Minimum deposit is $100Commission starts from 0Some accounts are exempt from swap feesIs PH Markets Legit? PH Markets is currently unregulated and its website was registered in 2024.What Can I Trade on PH Markets? PH Markets' tradable products include 55+ currency pairs，trading metals such as gold, silver, platinum and copper, more than 19 commodities, 16 indices, there are also cryptocurrency CFD products, over 1200 shares in global markets.Tradable InstrumentsSupportedCurrencies✔Precious metals & Commodities✔Indices✔Cryptocurrency CFDs✔Shares✔Bonds❌ETF❌Account Types PH Markets offers 4 account types: Standard, Premium, Star VIP, ECN Pro. Among them, the minimum deposit requirement is $100, and on leverage, the maximum can reach 1:1000. Their base currency is the same.FeatureStandardPremiumStar VIPECN ProBase Currency OptionsUSD, GBP, EURUSD, GBP, EURUSD, GBP, EURUSD, GBP, EURMinimum Deposit$100$300$2,000$500Leverage100-1000100-400100-300100-200Spreadsstarts from 1.5 pipsstarts from 1 pipstarts from 0.5 pipstarts from 0 pipContract Size100100100100CommissionNo3No3Trading InstrumentsFOREX, CFD, METALFOREX, CFD, METALFOREX, CFD, METALFOREX, CFD, METALNegative Balance ProtectionYesYesYesYesMaximum open/pending orders100/100100/10050/5050/50Minimum trade volume0.010.010.010.01Maximum trade volume30 LOT50 LOT100 LOT100 LOTLot restriction per ticket0.010.010.010.01Hedging allowedYESYESYESYESHedge marginFREEFREEREQUIREDREQUIREDMargin call100100150200Stop out505030100Islamic AccountYESNONONOOrder ExecutionINSTANTINSTANTMARKET EXECUTIONMARKET EXECUTIONSWAPENOYESYESYESPH Markets Fees The spread of the four accounts starts from 0 to 1.5; Commission ranges from 0 to 3. In addition to the standard account for the swap fee, the remaining 3 types of swap fee are free. In the forex pairs, the spread of EUR/USD is 1.2, and the spread of the rest of the forex pairs remains in the range of 1.7 to 4.1.SymbolTypical Spreads in quote currency per unitCADCHF2.4CADJPY2.3CHFJPY2.9EURCAD2.6EURCHF1.9EURGBP1.8EURJPY1.7EURUSD1.2GBPCAD4.1GBPCHF2.4GBPJPY3GBPUSD1.8USDCAD1.9USDCHF1.9USDJPY1.7 The spread for commodities ranges from 0.06 to 9.0.SymbolDescriptionTypical Spreads in quoteCocoaUS Cocoa9CoffeeCoffee0.98CopperCopper0.008CottonUS Cotton No.20.28SugarSugar #110.06 The spread range of the share is 0.27 to 1.91.MarketsSpreadAMAZON1.91FACEBOOK0.21GOOGLE1.57APPLE0.27ALIBABA0.18GOLDMAN0.27Trading Platform PH Markets allows traders to use MT5 on desktop as well as mobile.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Desktop, MobileSkilled TradersMT4❌Deposit and Withdrawal PH Markets offers 6 payment methods: MasterCard, NETELLER, Perfect Money, Skrill, VISA, WebMoney. The currency used is the same as the processing time. The minimum deposit is $0.Payment OptionsCurrencyProcessing TimeMasterCardUSD/EURWithin 24 HourNETELLERUSD/EURWithin 24 HourPerfect MoneyUSD/EURWithin 24 HourSkrillUSD/EURWithin 24 HourVISAUSD/EURWithin 24 HourWebMoneyUSD/EURWithin 24 Hour