Phyntex Markets Spreads, leverage, minimum deposit Revealed

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

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.

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.

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.

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.