Phoenix FX
Abstract：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.
| Phoenix FXReview Summary | |
| Founded | 2023-09-22 |
| Registered Country/Region | Saint Lucia |
| Regulation | Offshore Regulated |
| Market Instruments | Forex/Indices/Stocks/Cryptocurrency/Metals |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | As low as 0.0 pips |
| Trading Platform | Phoenix FX(Mobile(iOS/Android)) |
| Min Deposit | $10 |
| Customer Support | Phone: +971 44 5056 31 |
| Phone: +971 52 8444 000 | |
| Email: support@phoenixfxltd.com | |
| Telegram/WhatsApp | |
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.
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