Score
Phoenix FX
Saint Lucia|1-2 years| https://phoenixfxltd.com/?fbcl
Website
Rating Index
Contact
Licenses
Licensed Institution：Phoenix FX Limited
License No.：L 15610 / PFX
Single Core
1G
40G
1M*ADSL
- The Comoros AOFA regulation with license number: L 15610 / PFX is an offshore regulation. Please be aware of the risk!
Basic Information
Saint Lucia
1-2 years Regulated in Comoros Retail Forex License Suspicious Scope of Business Medium potential risk Offshore RegulatedAccount Information
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Website
phoenixfxltd.com
Server Location
Germany
Website Domain Name
phoenixfxltd.com
Server IP
95.111.245.189
Company Summary
| Phoenix FXReview Summary | |
| Founded | 2023-09-22 |
| Registered Country/Region | Saint Lucia |
| Regulation | Offshore Regulated |
| Market Instruments | Forex/Indices/Stocks/Cryptocurrency/Metals |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | As low as 0.0 pips |
| Trading Platform | Phoenix FX(Mobile(iOS/Android)) |
| Min Deposit | $10 |
| Customer Support | Phone: +971 44 5056 31 |
| Phone: +971 52 8444 000 | |
| Email: support@phoenixfxltd.com | |
| Telegram/WhatsApp | |
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
| Pros | Cons |
| Leverage up to 1:500 | Offshore Regulated |
| 24/7 customer support | MT4/MT5 unavailable |
| Various tradable instruments | Unclear swap fee |
| Spread as low as 0.0 pips | Unspecific transfer time and fee information |
| Commission free | Negative comments about difficulty in withdrawal |
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.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrency | ✔ |
| Metals | ✔ |
| Shares | ❌ |
| Commodities | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Phoenix FX has three account types: super, ECN, and max. Traders who want low spreads can choose a super account.
| Account Type | Super | ECN | Max |
| Initial Deposit | $10 | $10 | $10 |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Commission | Zero | Zero | Zero |
| Spread | From 1.5 pips | Raw | From 2.5 pips |
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.
| Trading Platform | Supported | Available Devices |
| Phoenix FX | ✔ | Mobile(iOS/Android) |
Deposit and Withdrawal
The minimum deposit is $10. Phoenix FX accepts Mastercard, Neteller, Skrill, Sticpay, Lipi, Visa, etc. for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
Keywords
- 1-2 years
- Regulated in Comoros
- Retail Forex License
- Suspicious Scope of Business
- Medium potential risk
- Offshore Regulated
News
Exposure Be cautious while investing with Phoenix FX
Forex scams are getting more frequent. As more and more people become interested in forex, Fraud is becoming more common. Every day, forex scams happen. Fraudsters attract victims by making appealing promises. Investors fell for these false promises and eventually got duped.
2024-05-24 17:28
Exposure Phoenix FX: SCAM OR LEGIT?
Established in 2023 in Saint Lucia, Phoenix FX Limited offers a suite of Forex and CFD trading options without regulatory backing. Appealing to a various trading community, it provides access to multiple markets, including forex, indices, commodities, cryptocurrencies, and stocks.
2024-05-15 20:32
Review 11
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FX3221461288
India
4 months completed still my withdra pending Y rejected my withdra iam again withdra Still pending my withdra Iam deposit 1000$ plz give my principal amount 🙏🙏🙏
Exposure
2024-09-17
FX1066280973
India
From last 03 months i placed one withdrawal request, till to date they not respond on same and same situation with my colleague. he also make withdrawal request and they not approved his request yet. And they said to invest fresh fund then we will able to do some adjustment of your old fund. now they customer support number also not responding to my massage all are requested to not to put fund with this broker otherwise you will loose your hard earned money. i fed up with the follow up with this peoples
Exposure
2024-08-23
FX3221461288
India
Brokar properly not responding 3 months completed still my withdra pending Iam deposits my bank plz give my withdra
Exposure
2024-08-12
FX3221461288
India
deposited around 1000 dollar made it to 1200 then when i tried to withdraw they rejected it. got to know from customer support that they will only give withdrawal on profits for now for few days. its been more than 2-3 months but still not able to withdraw my total money Still my Withdra pending
Exposure
2024-07-28
PM 1212
India
I am not able to withdraw my money from my account . since last to month please help me out from this problem . and In my MT 5 app authorisation fail indicate
Exposure
2024-05-20
piyushchavan
India
i deposited around 500 dollar made it to 1200 then when i tried to withdraw they rejected it. got to know from customer support that they will only give withdrawal on profits for now for few days. its been more than 2-3 months but still not able to withdraw my total money
Exposure
2024-02-29
Yoxihui
New Zealand
Spread lines are not correct sometimes ask/bid...for example They shown as 10 points but the real spread is 20 in the list. They give you fake spread in charts. You place order then you see the order line is way far from the spread lines. I Even use their own copy of MT5.
Neutral
2024-08-26
0 Aki Chen
Pakistan
The company have great on going seasonal frequent trader promotions on top of the usual frequent trader rebates. My client relationship manager Jack Lu is also able to reply my queries promptly. Withdrawal process is also fuss free and fast via credit card.
Neutral
2024-04-17
Anthony Davis
United States
Heard some negative stories about past issues, but my personal experience with cost transparency has been positive. Honestly, I got some best spreads here.
Positive
2024-06-26
Nick732
United Arab Emirates
Good Broker with fast withdrawals & deposit, I haven't faced any issue with trading experience. Fast order execution & good customer support.
Positive
2024-04-15
Piyush N
India
Best forex broker with low spreada and fast deposits and withdrawals Great costumer support
Positive
2024-04-15