Phoenix FX

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

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.

Account Type

Phoenix FX has three account types: super, ECN, and max. Traders who want low spreads can choose a super account.

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.

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.