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Phoenix Ltd Review

Phoenix-LTD: A cfd trading platform
Phoenix-LTD: A cfd trading platform

Phoenix Ltd Review

71% of retail investor accounts lose money, …

Phoenix-LTD: A cfd trading platform

Phoenix Ltd

4.8
Rated 4.8 out of 5

Overview

Phoenix Limited is a forex broker licensed by Seychelles’s Financial Services Authority (FSA). It offers a WebTrader platform, which traders can access from their mobile, desktop and tablets. There are various account types customised to meet the traders’ needs. Phoenix Limited is a regulated broker and offers fair treatment for investors and traders. Customer support is a priority at Pheonix Limited and it maintains a secure trading environment. Withdrawals can be processed using the same method as the initial deposit, and additional funds are transferred via wire transfer if the withdrawal exceeds the initial deposit. You can make deposits with all major currencies like USD or EUR through credit cards, and wire transfers, with a minimum deposit of $250. It offers trading instruments such as indices, shares (stocks), cryptocurrencies, commodities, and forex, with leverage ranging from 1:200 to 1:400. If you have a dormant account, Phoenix Ltd charges an inactivity fee. While the broker’s WebTrader platform offers easy access to the market and has strong trading conditions, they could improve their educational resources.

What is Phoenix?

Phoenix Limited is licensed with licence number SD113 by Seychelles’s Financial Services Authority (FSA). The registration number for Phoenix LTD is 8430083-1.

The trading platforms of Phoenix’s WebTrader offer unbounded resources for traders via desktop, mobile, or tablet.

PhoenixLtd’s account kinds are customer-focused, and the five available ones can help traders with their trading requirements.

Is Phoenix a Trustworthy Platform

Is Phoenix a trustworthy platform?

Phoenix Ltd is less likely to be a fraud as it is governed by the Financial Service Authority of Seychelles. Phoenix demonstrates its commitment to ethical business practices and implements protections that ensure fair treatment for investors by operating in a regulated environment.

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

Phoenix showcase 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.

Our recommendation: Trading at Phoenix Ltd Review

  • Trustworthy and regulated platform.
  • Diverse trading instruments for portfolio diversification.
  • Choose the right account type for your needs.
  • Accessible and responsive customer support.
  • Stay informed, seek external educational resources.
Phoenix-LTD: A cfd trading platform

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.

Trading Accounts 

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%

Account opening on Phoenix

  • Create a profile on the website.
  • Fill out the information requested on the form.
  • Verify your account by providing the necessary information.
  • Fund your account and begin trading.

Withdrawal method

It is important to remember that the method used to make the original deposit must also be used at the time of withdrawal. Traders who make deposits using alternative payment methods (APMs) must also utilise APMs to withdraw funds.

The additional funds will be transferred to traders by wire if they withdraw more than they initially deposited.

If traders made a deposit using a credit card and then requested a withdrawal, the initial amount and the additional funds would be transferred to the credit card through a wire transfer. 

What are the deposit methods?

PhoenixLtd accepts deposits from investors in USD, EUR, and JPY. Credit cards, APMs, and wire transfers are just a few payment methods the broker accepts. However, they must deposit a minimum of $250 with Phoenix Ltd.

Our recommendation: Trading at Phoenix Ltd Review

  • Trustworthy and regulated platform.
  • Diverse trading instruments for portfolio diversification.
  • Choose the right account type for your needs.
  • Accessible and responsive customer support.
  • Stay informed, seek external educational resources.
Phoenix-LTD: A cfd trading platform

What are the Trading Instruments on Phoenix?

Indices

Defining the road for an unmatched trading experience, take on your skills in CFD trading by using improved trading tools. Gain control over your decision-making by understanding the nuances of our product specifications, which will help you make more intelligent and profitable trading decisions.

Shares

Adidas, Amazon, and Apple are just a few of the well-known stocks that PhoenixLtd offers traders to invest in.

Due to their excellent financial performance, these shares with significant liquidity and market interest boost the chances of profit for the traders. In addition, respective leading positions within respective areas and cutting-edge services are achievements.

Crypto

Trading cryptocurrencies have been incorporated into Phoenix Ltd’s services. Customers can benefit from cutting-edge trading tools and affordable pricing with various cryptocurrencies like Bitcoin, Ethereum, and Ripple.The broker is committed to giving customers access to cutting-edge trading opportunities.

Commodities

With a minimum trade size of 0.01 and a maximum deal size of 50, at least 20 commodities are accessible for trading on Phoenix Ltd.

Phoenix deals in various commodities, including cotton, soybeans, cocoa, coffee, and crude oil.

Forex

Phoenix allows traders to transact in more than 50 exotic currency pairs, with a minimum of 200 and a maximum of 400 leverage. Therefore, having lesser spreads is desirable when trading on foreign marketplaces.

Phoenix’s Fees and Commissions

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

Inactivity Fee

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 Fee4

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

Trading Platform on Phoenix

WebTrader

A WebTrader platform online allows forex traders to open and close deals without downloading any software.

Through a web browser, traders may easily keep track of all positions that have been executed in the past and present, place stop-loss and take-profit orders, and keep an eye on bid-ask spreads.

With this streamlined approach, traders can conveniently monitor their forex activity and have direct browser access to essential trading tools. In addition, it has the following characteristics:

  • Speedy access to markets with high liquidity
  • Tools for Free Trading Analysis
  • No download is needed, and the web interface is friendly.
  • Transactions with 3 Clicks
  • Calculators for calculating profits and losses
  • New Limit Order Issued

Company Details

Assets

  • Forex
  • Commodities
  • Cryptocurrency
  • Shares
  • Indices

Basics

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

Customer Service

Our recommendation: Trading at Phoenix Ltd Review

  • Trustworthy and regulated platform.
  • Diverse trading instruments for portfolio diversification.
  • Choose the right account type for your needs.
  • Accessible and responsive customer support.
  • Stay informed, seek external educational resources.
Phoenix-LTD: A cfd trading platform

Are there any Educational and Research Resources available? 

There is a requirement of additional knowledge based material on PhoenixLtd’s website to use as a teaching tool. Traders are recommended to select brokers that offer a wide range of tools, including chart analysis, daily news updates, video courses, and in-depth explanations of forex trading concerns to enhance their knowledge of forex and trading for that matter.

 To improve trading experiences for both novice and experienced traders, brokers like XPro Markets and Elland Road Capital come for the rescue as they provide a variety of teaching and research materials. 

Conclusion

PhoenixLtd is governed by the Financial Service Authority of Seychelles, a secured platform to trade on and invest your money.

Trader’s trading psychology and wallet size inspires the broker to offer five various types of accounts for them to trade on.

Brokers provide strong liquidity, 400x leverage, and tight spreads.  PhoenixLtd requires a minimum deposit of $250 to start an account.

However, it is important for PhoenixLtd to work on the areas of research and education.

Yes, Phoenix Ltd is regulated by Seychelles’s Financial Services Authority (FSA). The FSA ensures that Phoenix operates in compliance with regulations

The minimum deposit to open an account with Phoenix Ltd is $250. This allows traders to start trading with the platform and access the available trading instruments.

Phoenix Ltd accepts deposits in USD, EUR, and JPY. In addition, the platform offers various deposit methods, including credit cards, alternative payment methods (APMs), and wire transfers.

To withdraw funds from your Phoenix Ltd account, you must use the same method you used for the initial deposit. For example, if you deposited funds using a credit card, the withdrawal will be processed through a wire transfer to the same credit card.

Phoenix Ltd offers a range of trading instruments, including indices, shares (stocks), cryptocurrencies, commodities, and forex. In addition, traders can explore CFD trading opportunities in these markets.

Phoenix Ltd provides five account types: Classic, Silver, Gold, Platinum, and VIP. Each account type offers different features, such as variable spreads, leverage, and additional benefits based on the trader’s needs and preferences.

You can reach Phoenix Ltd’s customer support through multiple channels. They can be contacted via phone at +2484671919, through live chat on their website, or by emailing [email protected]. The customer care department aims to provide excellent support and assistance to traders around the clock.

 

Experiences
5

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