phoenix4x-Overview of Minimum Deposit, Leverage, Spreads
Abstract：phoenix4x is allegedly an ECN broker registered in Latvia that claims to provide its clients with various tradable financial instruments with variable spreads on the leading MetaTrader4 trading platform, as well as a choice of four different live account types.
| PHOENIX 4XReview Summary | |
| Founded | 2020 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex, Precious Metals CFDs, Stocks CFDs, Indices |
| Leverage | Up to 1:100 |
| Spreads | Starting from 0.08 pips |
| Trading Platform | MT4 |
| Min Deposit | $10 |
| Payment Methods | Cryptocurrencies (Tether Bitcoin, Ethereum, USDT) |
| Customer Support | Email: support@phoenix4x.com |
| Physical Address: Suite 305,Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent, and the Grenadines. | |
PHOENIX 4X Information
PHOENIX 4X, founded in 2020, is an ECN broker registered in Saint Vincent and the Grenadines. The trading instruments it provides cover Forex, Precious Metals CFDs, Stocks CFDs, Indices.
Pros and Cons
| Pros | Cons |
| Offers diverse market instruments | Unregulated |
| Provides multiple trading account options | Deposit options only involve cryptocurrencies |
| MT4 supported | Limited customer support channels |
Is PHOENIX 4X Legit?
It is clear that PHOENIX 4X is currently unregulated.
What Can I Trade on PHOENIX 4X?
PHOENIX 4X offers traders the opportunity to trade more than 55 types of forex currency pairs, more than 5 types of precious metals CFDs , more than 50 types of stocks CFDs, indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals CFDS | ✔ |
| Stocks CFDS | ✔ |
| Indices | ✔ |
| Bonds | ❌ |
| Derivatives | ❌ |
| Futures | ❌ |
| Options | ❌ |
Deposit and Withdrawal
PHOENIX 4X offers one deposit and withdrawal method - Cryptocurrencies (Tether Bitcoin, Ethereum, USDT (OMNI), and USDT (ERC20)). It is worth noting that traditional fiat currencies are not mentioned as accepted deposit methods.
The minimum initial deposit requirement is reportedly set at $10, which provides a relatively low entry threshold for potential clients.
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