Phase Markets Forex Broker

General Information& Regulation Phase Markets LTD is a broker regulated by Vanuatu Financial Services Commission (VSFC), with the Retail Forex License (No. 40387). It should be noted that the mentioned license is an offshore regulatory, please be aware of the risk! Market Instruments Phase Markets provides investors with a range of financial instruments, including Forex, commodities, index CFDs and cryptocurrencies. Leverage The maximum leverage is 1:500, a ratio thats dangerous for retail traders. Leverage amplifies potential profits, but it also immensely boosts risks. Spreads Phase Markets charges users a certain amount of spread during the trading process, but it does not elaborate much on this on its website, only describing spreads as low as 0.0 pips. Trading Platform Phase Markets offers its clients access to the world's financial markets via the MetaTrader 5 (MT5) platform, which is used by millions of traders worldwide and supports both PC and mobile use. Payment Methods Phase Markets offers kinds of payment methods, including debit card, wire transfer, eCheck or check. Customer support Users can contact Phase Markets for inquiries through a variety of channels, including Facebook, Twitter, Linkedin and other social media. And the customer support is available 24/5. Restricted Areas Phase Markets does not specify which countries it accepts traders from, but the company notes that it does not offer its services to residents of USA, Canada, EU, Sudan, Syria North Korea, Afghanistan Crimea, Cuba, Iran and Turkey.