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Phoenix Ltd Review

Phoenix-LTD- cfd trading platform
4.8
Excellent80%
Very good20%
Average0%
Poor0%
Terrible0%
rb-badge
Phoenix-LTD- cfd trading platform
4.8
Excellent80%
Very good20%
Average0%
Poor0%
Terrible0%

Phoenix Ltd Review

71% of retail investor accounts lose money, …

Phoenix-LTD- cfd trading platform

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5

5/5

27 Rating

Phoenix-LTD- cfd trading platform

Phoenix

4.8

5
Rating

Overview

As a licenced broker that provides traders with immediate access to CFDs on stocks, indices, commodities, cryptocurrency futures, and FX, Phoenix is reaching new heights in the trading world.

With personalised trading accounts that match your needs, online trading is now more accessible than ever.  

For traders who are interested in getting involved in one of the most popular experiences of the time, Phoenix has assembled a skilled customer support staff that are committed to helping you with any questions you may have. 

Is Phoenix LTD Regulated? 

Phoenix LTD has a licence number of SD113 and is authorised and governed by the Financial Services Authority (FSA) of Seychelles. The registration number for Phoenix LTD is 8430083-1. Phoenix LTD’s registered office is located in Block B of Jivan’s Complex in Mont Fleuri Mahe, Seychelles.  

They assert that their customer care department offers great support, assuring the best level of assistance and being accessible to traders around the clock.

Phoenix demonstrates its unshakable dedication to upholding a secure and dependable trading environment by strictly adhering to rules and putting safeguards in place to protect customer assets.

Country restrictions of Phoenix

Residents of some jurisdictions, such as the USA, are not eligible to use Phoenix LTD’s services.   

Our recommendation: Trading at Phoenix Ltd Review

  • Regulated by FSA for a secure trading.
  • Multiple account types tailored to your needs.
  • Maximum leverage of 1:400 for increased potential.
  • Wide range of tradable instruments, including cryptocurrencies.
  • Accessible customer support available around the clock.
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Advantages and disadvantages of Phoenix Ltd Review

  • It is authorised and regulated by FSA
  • A clear process for handling customer complaints
  • 128- bit SSL encryption for privacy protection.
  • Maximum leverage of 1:400
  • Certain jurisdictions like the USA can’t avail its service.

Deposit method and Minimum Requirement

Investors can deposit money with PhoenixLtd in USD, EUR, and JPY. The broker offers several payment options, including credit cards, APMs, and wire transfers. At PhoenixLtd, they need to invest a minimum deposit of $250. 

Fund Withdrawal Method

It is crucial to remember that the method used for the initial deposit must be the one used for the withdrawal. This means that traders will have to use Alternative Payment Methods (APMs) for withdrawal if they use APMs for deposits. 

The initial withdrawal can only be made when a trader’s account has been successfully verified. When traders want to withdraw more money than they initially deposited, the extra money will be sent to them by wire transfer. 

If traders used a credit card to deposit money and then want to withdraw more money, the original amount will be returned to the credit card, and the extra money, through a wire transfer. 

Account types Phoenix Ltd holds

Increase your trading ideas and improve your trading knowledge by choosing a Phoenix trading account that is tailored to your needs.

Account Type Classic Silver Gold Platinum VIP
Leverage 1:400 1:400 1:400 1:400 1:400
Instruments All assets All assets All assets All assets All assets
Spreads 2.5 2.5 1.8 1.4 0.9
Swap Discount Available Available Available Available 
Margin Call 100% 100% 100% 100% 100%

Our recommendation: Trading at Phoenix Ltd Review

  • Regulated by FSA for a secure trading.
  • Multiple account types tailored to your needs.
  • Maximum leverage of 1:400 for increased potential.
  • Wide range of tradable instruments, including cryptocurrencies.
  • Accessible customer support available around the clock.
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What can be traded on Phoenix Ltd?

Choosing to trade with Phoenix gives you the freedom to explore the markets and select the CFDs that best fit your trading strategy. Over 160 CFDs in stocks, currencies, indices, commodities, and cryptocurrency futures are available.

  • Forex

Phoenix offers more than 50 different exotic currency pairs for traders to deal in. with a minimum of 200 and a maximum of 400. A desirable alternative when trading on international markets is to have lower spreads.

  • Cryptocurrency

PhoenixLtd has added cryptocurrency trading within its offerings. Trading cryptocurrencies have been incorporated into Phoenix Ltd’s services. Customers can benefit from advanced trading tools and affordable pricing with various cryptocurrencies, including Bitcoin, Ethereum, and Ripple. PhoenixLtd is committed to giving clients access to cutting-edge trading opportunities because it recognizes how important it is to stay ahead in the fast-paced world of finance. 

  • Commodities

Around 20 or more commodities are available for trading on PhoenixLtd. offering a maximum trade size of 50 and a minimum of 0.01.

Coffee, cocoa, crude oil, cotton, soybeans, and other commodities are some of the ones Phoenix engages in.

  • Shares

PhoenixLtd offers investors a variety of renowned shares to trade in, like Adidas, Amazon, and Apple. 

Due to their strong financial performance and considerable market interest, these shares have a greater potential for profit for traders. Their leading roles in their industries and innovative services are achievements.

  • Indices

Improved trading tools will help you take on your knowledge of CFD trading and will help you create a trading journey that is unmatched. By fully grasping every aspect of our product specs, you may strengthen your decision-making process and make more profitable trading decisions.

Market fees, Commissions and Spreads:

Account Types  Spreads
Classic 2.5
Silver 2.5
Gold 1.8
Platinum 1.4
VIP 0.9

Inactivity Fees

Inactivity Period Inactivity Fee
0 to 1 month 0
1 to 2 months 80 USD/EUR
2 to 6 months 120 USD/EUR
After 6 months 200 USD/EUR

Withdrawal Fees

Method Applicable Fees
  • Debit Card
  • Credit Card
  • Prepaid Card
3.5% 
Wire Transfers 30 USD/EUR
E-wallets  3.5%- 2%

 

Trading Platform

Phoenix’s online trading platform gives you the freedom to choose your preferred platform while also giving you access to a wide range of tools and resources for every trading scenario. 

WebTrader is a full-service trading platform offered by PhoenixLtd to its clients.

WebTrader

For forex traders to open and close trades without downloading any software, there is a WebTrader platform available online.

Traders can easily track all executed positions, both past and present, through a web browser, as well as make stop loss and take profit orders and monitor bid-ask spreads. 

With this simplified method, traders can easily manage their forex activity and have direct access to key trading capabilities through their browsers. It possesses the following features:

  • Quick access to high-liquidity markets
  • Free Trading Analysis tools
  • No download required
  • User-Friendly Web Interface
  • 3 Clicks Transactions
  • Stop Loss and Take Profit Calculators
  • New Limit Order Provided

Company Details

Assets

  • Forex
  • Cryptocurrency
  • Commodities
  • Shares
  • Indices

Basics

  • Country: Seychelles
  • License:  SD113
  • Regulation: FSA

Customer Service

Our recommendation: Trading at Phoenix Ltd Review

  • Regulated by FSA for a secure trading.
  • Multiple account types tailored to your needs.
  • Maximum leverage of 1:400 for increased potential.
  • Wide range of tradable instruments, including cryptocurrencies.
  • Accessible customer support available around the clock.
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Educational Resources

PhoenixLtd’s website currently doesn’t have enough educational and research content to serve as a learning tool. It is advised that traders choose brokers who provide a wide array of resources, such as chart analysis, daily news updates, video lectures, and in-depth explanations of forex trading issues, to improve their trading experience.

 Brokers like XPro Markets and Elland Road Capital stand out because they offer an array of educational and research materials for both novice and experienced traders for better trading experiences.

Conclusion

Because PhoenixLtd is regulated by the Financial Service Authority of Seychelles, it is safer to trade on and put your money into investments.

The broker offers five distinct types of accounts for traders, depending on their trading style and financial situation.

Brokers provide strong liquidity, minimal spreads, and 400 percent leverage. A $250 minimum deposit is required to create an account with Phoenix Ltd. 

However, it falls short in the areas of research and teaching, which it needs to improve.

Disclaimer

At Trending Brokers, our aim is to provide you with diverse perspectives, unbiased assessments, and in-depth scrutiny. We maintain our commitment to precision through stringent data validation and consultations with industry mavens. It’s important to acknowledge that, though infrequent, minor fluctuations may occasionally manifest. Rest assured, our resolve to deliver impartial evaluations, thorough analysis, and well-informed viewpoints remains steadfast.

We feel compelled to offer some guidance on the subject of investing in financial instruments, commodities, and assorted assets, which inherently entail a significant degree of risk. There exists the potential for a complete loss of your invested capital. We strongly advise engaging in such ventures only if you possess a comprehensive understanding of the associated hazards. Please bear in mind that Trending Brokers refrains from providing investment advice or any semblance of financial counsel.

Your financial security is of paramount importance to us, and we emphatically advocate for the exercise of due diligence and the pursuit of professional guidance when making investment decisions.

Yes, Phoenix Ltd is regulated by the Financial Services Authority (FSA) of Seychelles and holds a license number of SD113.

The minimum deposit required to open an account with Phoenix Ltd is $250.

Phoenix Ltd offers several payment options, including credit cards, Alternative Payment Methods (APMs), and wire transfers. Deposits can be made in USD, EUR, and JPY.

No, residents of certain jurisdictions, including the United States, are not eligible to use Phoenix Ltd’s services.

Experiences
5