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Phyntex Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://ma.phyntexmarkets.com/sign-in/?registration, about the company's legal and temporary regulatory information, the company's address 338, Jln Tun Razak, Kampung Datuk Keramat, 55000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.

Phyntex Markets Forex Broker

Basic information

Registered region
Comoros
Operating period
--
Company Name
Phyntex Group Limited
Abbreviation
Phyntex Markets
Company employee
--
Customer Service Email Address
support@phyntexmarkets.com
Contact number
+9142945211
Company address
338, Jln Tun Razak, Kampung Datuk Keramat, 55000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Keywords
2-5 years
Suspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk

Company profile

Phyntex MarketsReview SummaryFounded2023Registered Country/RegionComorosRegulationNo regulationMarket InstrumentsForex, Commodities, Indices CFD, Stocks CFD, Cryptocurrencies CFD, ETFs, StocksDemo AccountLeverageUp to 1:5000SpreadFrom 1.8 (Standard Account)Trading PlatformMT5Min Deposit$15Customer SupportPhone: + 914-294-5211Email: support@phyntexmarkets.comOnline Chat: 24/5Physical Address: 338, Jln Tun Razak, Kampung Datuk Keramat, 55000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

Phyntex Markets Information

  Phyntex Markets, incorporated in Comoros in 2023. As a broker offering trading in Forex, commodities, indices and various CFDs, it also offers 4 account types as well as MT5 as a trading platform. It also supports commission-free trading. But as things stand, Phyntex Markets are not regulated.

Pros and Cons

ProsCons
4 account typesNo regulation
Free of commissionDemo accounts are not available
MT5 is available

Is Phyntex Markets Legit?

  Phyntex Markets is currently unregulated. The search revealed that its website was registered in 2023.

What Can I Trade on Phyntex Markets?

  Phyntex offers traders currency pairs, including major currency pairs, minor currency pairs, exotic currency pairs. Commodities can be traded in precious metals and energy, such as gold, silver and crude oil. In addition, it supports trading indices, CFD stocks, CFD cryptocurrencies, CFD ETFs and stocks.

Tradable InstrumentsSupported
Forex
Commodities
Indices
CFD Stocks
CFD Cryptocurrencies
CFD ETFs
Stocks
Bonds

Account Types

  Phyntex offers 4 account types: Standard, Bonus, Premium and Cent. Among them, the lowest deposit requires $15, and the maximum leverage is 1:5000.

Account TypesStandardBonusPremiumCent
Bonus Amount$25$25$100$15
Spread from1.81.80.30.8
Leverage1:50001:20001:20001:3000
CommissionNoNoNoNo
Swap-free Period60 Days60 Days60 Days60 Days
Max Order200200200300

Phyntex Markets Fees

  The four accounts have a starting spread range of 0.3 to 1.8 and are commission-free. In addition, they waive swap fees for a limited period of time, 60 days.

Trading Platform

  Phyntex supports MT5 and traders can use the desktop, mobile and tablet versions.

Trading PlatformSupportedAvailable DevicesSuitable for
MT5Skilled traders
MT4

Deposit and Withdrawal

  Phyntex's payment methods include bank transfers, credit/debit cards and electronic payment systems with no deposit fees.

  In terms of withdrawal processing time, PSP withdrawals are usually faster and bank transfers can take several business days.

  

Rating Index

Cent

Minimum Deposit
$15

Premium

Minimum Deposit
$100

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Latest Reviews

Zutter

Zutter

Nigeria

Phyntex Markets makes it easy to fund your account with a variety of payment methods, which is super convenient. And their commission rates are super competitive, too! So you can trade with peace of mind knowing you're getting a good deal.

Positive

2024-07-18

cy63697

cy63697

Peru

Phyntex Markets responded promptly. It turned out that there was a mixup with my banking information. I received the refund of $1000 from FXCM today. Now I can redeposit via the proper avenue, so that I could start trading asap.

Positive

2024-06-14

FX1886668769

FX1886668769

Malaysia

The platform directly closed my account and then refused to allow withdrawals. I have asked customer service for help but have not received a reply.

Exposure

2024-04-18

Phyntex Markets Forex Broker has an overall rating of 1.85, Regulatory Index 0.00, License Index 0.00, Business Index 5.33, Software Index 7.73 Risk Control Index 0.00.