General Information
Phyntex Markets Was Founded In 2023 And Is Registered In Comoros. As A Broker That Offers Forex, Commodities, Indices And Various CFD Trading, It Also Offers 4 Account Types And MT5 As A Trading Platform. It Also Supports Commission-free Trading. But For Now, Phyntex Markets Is Not Regulated.
Pros And Cons
Pros
4 Account Types
Commission Free
Available MT5
Pros
Unregulated
Demo Account Unavailable
Is Phyntex Markets Legal?
Phyntex Markets Is Currently Unregulated. Search Results Show That Its Website Was Registered In 2023.
Trading Tools
Phyntex Offers Traders Currency Pairs, Including Major Currency Pairs, Minor Currency Pairs, And Exotic Currency Pairs. It Is Possible To Trade Commodities Such As Precious Metals And Energy, Such As Gold, Silver, And Crude Oil. In Addition, Trading Indices, CFD Stocks, CFD Cryptocurrencies, CFD ETFs, And Stocks Is Also Supported.
Account Types
Phyntex Offers 4 Account Types: Standard Account, Reward Account, Premium Account, And Sub-Account. Among Them, The Minimum Deposit Requirement Is 15 Dollars And The Maximum Leverage Ratio Is 1:5000.
Sub-accounts Require A Minimum Deposit Of $15; Standard And Bonus Accounts Require A Minimum Deposit Of $25; Bonus Accounts Require A Minimum Deposit Of $100.
Fees
These Four Accounts Have A Starting Spread Range Of 0.3 To 1.8 And No Commissions. In Addition, They Waive Exchange Processing Fees For A Limited Time, I.e. 60 Days.
Trading Platform
Phyntex Supports MT5 And Traders Can Use Desktop, Mobile And Tablet Versions.
Deposits And Withdrawals
Phyntex's Payment Methods Include Bank Transfers, Credit/debit Cards, And Electronic Payment Systems With No Deposit Processing Fees.
In Terms Of Withdrawal Processing Times, PSP Withdrawals Are Typically Faster, While Bank Transfers Can Take Several Business Days.
Customer Support
Phone: + 914-294-5211
Email: Support@phyntexmarkets.com
Online Chat: 24/5
Actual Address: 338, Jln Tun Razak, Kampung Datuk Keramat, 55000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
