Phyntex Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-16 13:38

Abstract：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.

Phyntex MarketsReview Summary
Founded	2023
Registered Country/Region	Comoros
Regulation	No regulation
Market Instruments	Forex, Commodities, Indices CFD, Stocks CFD, Cryptocurrencies CFD, ETFs, Stocks
Demo Account	❌
Leverage	Up to 1:5000
Spread	From 1.8 (Standard Account)
Trading Platform	MT5
Min Deposit	$15
Customer Support	Phone: + 914-294-5211
	Email: support@phyntexmarkets.com
	Online Chat: 24/5
	Physical 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

Pros	Cons
4 account types	No regulation
Free of commission	Demo 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 Instruments	Supported
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 Types	Standard	Bonus	Premium	Cent
Bonus Amount	$25	$25	$100	$15
Spread from	1.8	1.8	0.3	0.8
Leverage	1:5000	1:2000	1:2000	1:3000
Commission	No	No	No	No
Swap-free Period	60 Days	60 Days	60 Days	60 Days
Max Order	200	200	200	300

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.