Phoenix FX Forex Broker

Phoenix FXReview SummaryFounded2023-09-22Registered Country/RegionSaint LuciaRegulationOffshore RegulatedMarket InstrumentsForex/Indices/Stocks/Cryptocurrency/MetalsDemo Account❌LeverageUp to 1:500SpreadAs low as 0.0 pipsTrading PlatformPhoenix FX(Mobile(iOS/Android))Min Deposit$10Customer SupportPhone: +971 44 5056 31Phone: +971 52 8444 000Email: support@phoenixfxltd.comTelegram/WhatsAppPhoenix 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 ConsPros Cons Leverage up to 1:500Offshore Regulated24/7 customer supportMT4/MT5 unavailableVarious tradable instrumentsUnclear swap feeSpread as low as 0.0 pipsUnspecific transfer time and fee informationCommission freeNegative comments about difficulty in withdrawalIs 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 SuperECNMaxInitial Deposit$10$10$10LeverageUp to 1:500Up to 1:500Up to 1:500CommissionZeroZeroZeroSpreadFrom 1.5 pipsRawFrom 2.5 pipsPhoenix 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 PlatformSupported 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.