phoenix4x-Overview of Minimum Deposit, Leverage, Spreads

PHOENIX 4X | 2024-12-04 16:19

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
Customer Support	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.

Dealer Currency Pair Broker Forex trading Forex Broker Forex Currency pair forex pips forex market Stock

Related broker

No Regulation

PHOENIX 4X

Company name：PHOENIX 4X LLC

Score

1.48

Website：https://www.phoenix4x.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.48

Australian Dollar Surges as Trade Surplus Hits 11-Month High: A Golden Opportunity for Forex Traders

Australia's trade surplus has surged to an 11-month high, reaching $5.62 billion in January 2025. The unexpected boost in trade surplus was primarily driven by a 1.3% month-over-month increase in exports, with non-monetary gold playing a starring role.

Original 2025-03-06 20:29

ECB Set to Cut Rates, But Future Path Uncertain Amid Global Tensions

- ECB expected to cut interest rates on March 6 - Future rate decisions unclear due to ongoing inflation and global trade issues - Markets expect more cuts, but some ECB officials urge caution

Industry 2025-03-06 20:25

T&D vs AvaTrade: Which Broker Suits Your Trading Needs in 2025?

In this article, we compare these brokers based on basic information, regulatory status, leverage, trading platforms, account types, spreads and commissions, customer service, AI tools, and recent updates. Our goal is to provide an objective overview so you can decide which broker aligns better with your trading style and requirements.

Original 2025-03-06 16:51

FBK Markets Review 2025: Live & Demo Accounts, Withdrawals to Explore

FBK Markets, a young South African forex broker, targets both beginners and experienced traders within this region. This broker shines at its low minimum deposit required, 100% deposit bonus, and flexible account options, yet we cannot consider it reliable as it operates without any regulation. Furthermore, it features an approximately 70% withdrawal failure rate.

Science Popularization 2025-03-06 15:45