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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

1.47

Website：https://www.phoenix4x.com/

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

Score

1.47

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