General Information

Founded In 2023 And Headquartered In Saint Lucia, Phoenix FX Limited Is A Company Offering Forex And CFD Trading Options. It Appeals To A Variety Of Trading Communities, Providing Access To Multiple Markets Including Forex, Indices, Commodities, Cryptocurrencies And Stocks. Through Account Types Such As SUPER, ECN And MAX, Phoenix FX Promotes Trading Flexibility With A Minimum Deposit Of Only 10 Dollars And The Use Of The Advanced MetaTrader 5 Platform.

Advantages And Disadvantages

Advantages

Multiple Trading Instruments, Including Forex CFDs, Index CFDs, Commodity CFDs, Cryptocurrency CFDs

MT5 Trading Platform Available

Multiple Deposit And Withdrawal Methods To Choose From

Demo Account Available

Copy Trading And PAMM Trading Available

Minimum Deposit Required Only 10 Dollars

Disadvantages

ECN Account Charged 10 Dollars Commission

Cryptocurrency Spread Price Contracts Limited

Market Instruments

• FX Contracts For Difference

Phoenix FX Places Its FX Contracts For Difference At The Forefront Of Market Instruments And Is Committed To Providing A Highly Liquid, Adaptable, And Transparent Trading Environment, Emphasizing Competitive Spreads And Access To Major, Minor, And Exotic Currency Pairs.

• Index Contracts For Difference (CFDs)

The Broker Has Expanded Its Product Range To Offer Index Contracts For Difference (CFDs), Which Enable Traders To Speculate On The Performance Of The World's Leading Stock Indices. This Product Enables Traders To Participate In A Wider Range Of Market Dynamics And Participate In The Stock Market Without Directly Owning The Underlying Asset.

• Commodity Contracts For Difference (CFDs)

With Commodity Contracts For Difference (CFDs), Phoenix FX Caters To Traders Interested In Investment Strategies Beyond Forex And Indices. The Inclusion Of Precious Metals Such As Gold, Silver, And Copper, As Well As Energy Commodities Such As Crude Oil And Natural Gas, Provides Traders With A Tangible Hedge Against Inflation Or Market Uncertainty.

• Cryptocurrency Contracts For Difference (CFDs)

Given The Growing Interest In Digital Assets, Phoenix FX Offers Cryptocurrency Contracts For Difference (CFDs). This Area Allows Traders To Participate In The Volatility Of The Crypto Market, Including Hot Assets Such As Bitcoin, Ether, And SOL.

• Stocks

Finally, Phoenix FX Facilitates Direct Investment In The Stock Market Through Stock Trading. This Option Highlights The Broker's Commitment To Providing A Diverse Trading Experience, Enabling Clients To Own Shares In Individual Companies.

Account Types

The Broker Offers Three Trading Accounts: SUPER, ECN, And MAX, As Well As A Demo Account That Simulates The Trading Experience.

The SUPER Account Is Designed To Satisfy Traders Who Want The Lowest Entry Cost, With A Minimum Deposit Of 10 Dollars, Leverage Of 1:500, No Commission, And A Fixed Spread Of 1.5 Pips.

The ECN Account Is Suitable For Traders Seeking Transparency, Offering Raw Spreads, Paired With A 10 Dollars Trading Commission, Minimum Deposit Of 10 Dollars, Leverage Of 1:500, And Raw Spreads.

The MAX Account Is Designed To Provide Easy And Straightforward Trading With No Commissions, With Fixed Spreads Starting From 2.5 Pips And Starting At Just 10 Dollars.

A Demo Account Is Also Available, Providing A Risk-free Opportunity To Use The Platform And Test Trading Strategies.

Spreads & Commissions

SUPER Accounts Do Not Charge Commission Handling Fees, With Spreads Starting From 1.5 Pips. In Contrast, ECN Accounts Offer Raw Spreads And Charge $10 Commission. While MAX Accounts Do Not Charge Commission Handling Fees, With Spreads Starting From 2.5 Pips.

Trading Platform

Phoenix FX Uses The Highly Acclaimed MetaTrader 5 (MT5) Platform, Which Has Powerful Features And Diverse Trading Tools. MT5 Stands Out Among The Forex Trading Community For Its Comprehensive Charting Tools, Numerous Indicators And Support For Algorithmic Trading. It Is Compatible With MacOS, IOS, Android And Windows, Enabling Traders To Access Its Trading Activities On Any Device, Providing Unparalleled Flexibility And Convenience. The Broker Also Offers The Phoenix FX App For IOS And Android.

Deposit And Withdrawal

Deposit Methods: Bank Telegraphic Transfer (BankTransfer/SWIFT), Local Bank Transfer, Neteller, PayPal, Skrill, SticPay, Tether (USDT), UPI (Unified Payment Interface)

Withdrawal Methods: Bank Telegraphic Transfer (BankTransfer/SWIFT), Local Bank Transfer, Neteller, PayPal, Skrill, SticPay, Tether (USDT)

Customer Support

Phoenix FX's Registered Address Is: Ground Floor, The Sotheby Building, Rodney Bay, Grows-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia. For Direct Contact, Please Use The Following Contact Information: + 971 44 5056 31, + 971 52 8444 000, Or Support@phoenixfxltd.com.