Phoenix FX Forex broker specializes in providing foreign exchange trading services, the company's official website https://secure.phoenixfxltd.com/client/register/65643df171857, the company's legitimate regulatory information ComorosAOFARetail Forex License, to enhance the security of the company's address Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia.
Phoenix FX Forex Broker
Basic information
Saint Lucia
1-2 years Regulated in Comoros Retail Forex License Suspicious Scope of Business Medium potential risk Offshore RegulatedCompany profile
Phoenix FX Information
Phoenix FX is a broker that offers access to tradable instruments, including forex, indices, stocks, cryptocurrency, and metals. The broker also provides three accounts with a maximum leverage of 1:500. The minimum spread is as low as 0.0 pips and the minimum deposit is $10. MAM – COPY Trading enables copying successful strategies and multi-account management. Phoenix FX is still risky due to its offshore regulated status, and bad reviews about difficulty withdrawing money.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Offshore Regulated |
| 24/7 customer support | MT4/MT5 unavailable |
| Various tradable instruments | Unclear swap fee |
| Spread as low as 0.0 pips | Unspecific transfer time and fee information |
| Commission free | Negative comments about difficulty in withdrawal |
Is Phoenix FX Legit?
AOFA offshoreregulated Phoenix FX. The license number is L 15610/PFX.
What Can I Trade on Phoenix FX?
Phoenix FX offers various market instruments, including forex, indices, stocks, cryptocurrency, and metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrency | ✔ |
| Metals | ✔ |
| Shares | ❌ |
| Commodities | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Phoenix FX has three account types: super, ECN, and max. Traders who want low spreads can choose a super account.
| Account Type | Super | ECN | Max |
| Initial Deposit | $10 | $10 | $10 |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Commission | Zero | Zero | Zero |
| Spread | From 1.5 pips | Raw | From 2.5 pips |
Phoenix FX Fees
The spread is as low as 0.0 pips, the commission is 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
Phoenix FX provides a propriety trading platform available in iOS and Android versions, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported | Available Devices |
| Phoenix FX | ✔ | Mobile(iOS/Android) |
Deposit and Withdrawal
The minimum deposit is $10. Phoenix FX accepts Mastercard, Neteller, Skrill, Sticpay, Lipi, Visa, etc. for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
Rating Index
MAX
ECN
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
Yoxihui
New Zealand
Spread lines are not correct sometimes ask/bid...for example They shown as 10 points but the real spread is 20 in the list. They give you fake spread in charts. You place order then you see the order line is way far from the spread lines. I Even use their own copy of MT5.
Neutral
2024-08-26
FX1066280973
India
From last 03 months i placed one withdrawal request, till to date they not respond on same and same situation with my colleague. he also make withdrawal request and they not approved his request yet. And they said to invest fresh fund then we will able to do some adjustment of your old fund. now they customer support number also not responding to my massage all are requested to not to put fund with this broker otherwise you will loose your hard earned money. i fed up with the follow up with this peoples
Exposure
2024-08-23
FX3221461288
India
4 months completed still my withdra pending Y rejected my withdra iam again withdra Still pending my withdra Iam deposit 1000$ plz give my principal amount 🙏🙏🙏
Exposure
2024-09-17