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Phoenix LTD Review 2024 – Explore New Trading Heights

phoenix review

Start your forex trading journey in global markets with Phoenix LTD, a broker that promises a seamless and user-friendly CFD trading experience. This Phoenix Review unveils a platform that caters to traders of all expertise levels – from novices taking their first steps into the Forex market to expert professionals seeking advanced features.

The good thing about Phoenix LTD is that the broker believes in empowering traders by eliminating deposit commissions, ensuring transparent and cost-effective trading. With over 30 analytical tools, traders can stay ahead of the curve and make decisions in the dynamic cryptocurrency market, metals trading, commodities trading, and the stock market. Further, the cross-platform trading feature allows for easy transitions between devices, providing flexibility and convenience.

Phoenix offers FX leverage up to 1:400, amplifying trading potential and maximizing positions. Diversify your portfolio with various types of trades and benefit from multilingual support, breaking down language barriers for a global community of traders.

On the security front, Phoenix LTD prioritizes the safety of financial transactions with a platform fortified by robust software and hardware engines. Strict firewalls and SSL encryption ensure data confidentiality, while trading servers located in SAS 70 certified data centers guarantee a reliable and stable environment. Encryption enhances the security of trading activities by safeguarding both transactional and communication data servers, providing an additional layer of protection.


Phoenix LTD Review: Quick Summary

🏢 HeadquarterLimassol, Cyprus
📆 Established2022
🗺️ RegulationFinancial Services Authority (FSA) of Seychelles with license number: SD113. Phoenix LTD’s registration number is 8430083-1.
🖥 PlatformsWebtrader + Mt4
💳 Minimum Deposit$250 (or equivalent, based on account currency).
💰 Deposit MethodsCards, Local APM solutions and Wire
📱 Mobile TradingYes
🎢 DNA Markets Maximum LeverageUp to 1: 400
🌍 ECNCurrencies: USD/EUR/JPY
🤖 RobotsNo
🎯 ScalpingYes

Phoenix LTD Review

Phoenix Review: Regulations

Phoenix LTD is committed to fair and prompt resolution of complaints through its adopted procedure. Phoenix broker is an authorized and regulated entity, operating under the supervision of the Financial Services Authority (FSA) in Seychelles, with license number SD113. Their dedication to regulatory standards is reflected in their registration number: 8430083-1.

Phoenix Account Types

Phoenix Account Types Access the trading possibilities with Phoenix LTD's diverse range of account types which are aimed to meet your unique needs. You will get Classic Account, Silver Account, Gold Account, Platinum Account, and VIP Account for your trading need. Let’s see more detail about these account types.

Classic Trading Account

Customize your trading activities with the Classic account, offering flexible leverage, user-friendly apps, expert support, and a dynamic trading environment. Trade CFDs on hundreds of assets for an inspiring trading journey.

Silver Trading Account

Experience trading flexibility with the Silver account, featuring adjustable leverage and spreads, user-friendly apps, expert support, and a dynamic trading environment. Trade CFDs on a variety of assets while staying mobile and responsive.

Gold Trading Account

Want more from your trading? Boost your forex and CFD trading with the Gold account, unlocking a wide range of opportunities across various assets, all with zero commissions and attractive spreads starting from just 0.05 pips.

Platinum Trading Account

Experience an illuminated trading journey with the Platinum Trading Account. Dive into CFD trading across 160+ assets, benefiting from variable spreads, rapid execution speeds and commission-free transactions. Tailor your trading atmosphere to your proficiency level.

 

All accounts come with

  • 160+ CFDs on assets
  • Up to 1:400 leverage (FX)
  • Flexible spreads
  • Educational resources
  • No deposit commission
  • Base currencies: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more.
  • 24/7 Support

Additional features include

  • Margin Call: 100%
  • Stop Out: 20%
  • Maximum Volume Per Trade: 50
  • Negative Balance Protection: Yes
  • Minimum Volume Per Trade: 0.01
  • Free Trading Education: Yes
  • Free Support: Yes
  • Leverage: Up to 1:400

However, the Classic Account doesn't offer a Swap Discount, while all other accounts provide this benefit. The EUR/USD spread varies across accounts, with Classic and Silver at 2.5, Gold at 1.8, Platinum at 1.4, and VIP at 0.9. So, choose the account that suits your trading goals.

Phoenix Review: Markets

Phoenix Review: Markets

Start a diverse trading journey with Phoenix LTD as we introduce an array of markets designed to serve every trader's preference. From the dynamic world of Forex to the alluring realms of Cryptocurrencies, Metals trading, Commodities trading, and Stock Trading, Phoenix offers a comprehensive platform for rewarding trading experiences.

Forex

Phoenix forex trading platform allows you to engage in the foreign exchange market without owning physical currency. With CFD trading, you gain access to advanced terminals, ensuring market performance, consistency, and responsiveness throughout your trading journey.

Indices

Phoenix offers swift access to renowned indices like FTSE100, Dow Jones, and Nikkei225 through CFD trading. Choose from over 20 indices assets for diversifying your portfolio. Phoenix LTD platform provides flexible spreads and leverage, facilitating strategic trading conditions for developing your unique trading strategies.

Cryptocurrencies

Dive into the volatile cryptocurrency market with Phoenix. Choose from over 30 digital coin CFDs, including Bitcoin. Tailor your trading approach, utilize analytical tools that match your profile, and enjoy the convenience of cross-platform trading. Rely on Phoenix to guide you through the dynamic crypto market.

Metals

Trade precious metals like silver, gold, and platinum effortlessly with Phoenix's CFD trading. Benefit from portfolio diversification, risk hedging, or day trading strategies. Discover lucrative opportunities in metal trading without the hassle of owning physical metals.

Commodities

Phoenix's CFD trading platform offers over 20 commodity assets, including energies, precious metals, and agricultural raw materials. Seize trading opportunities in commodities with advantageous spreads, leverage, and other online investment services.

Stock Trading

Explore a vast range of trading opportunities in the stock market with Phoenix. Choose from over 150 names, bid on your favorite stocks, and take control of your investments. Whether it's global giants like Google or local startups, stock trading allows you to diversify your portfolio and impact the international market.

Phoenix Trading Platform

Phoenix Trading Platform

Take command of your trading journey with Phoenix's Webtrader, a user-friendly platform providing complete control over your trades. This efficient and reliable trading engine allows one-click trade execution, customizable analytical panels, and easy monitoring of your trading history. No downloads needed—rely on Phoenix's operational consistency for a seamless trading experience.

User-Friendly Platform for Maximum Productivity

Phoenix's Webtrader ensures maximum productivity with features like a full trade history, real-time balance levels, automatic Stop Loss/Take Profit functions, multi-lingual support, 1-click account switching, in-built platform support, and live support. Start trading effortlessly with these user-friendly tools.

Webtrader Major Features

Seamless Trading: Crafted for web browsers, Webtrader delivers swift and reliable performance on all browsers, making it an efficient choice for CFD trading operations.

  • Flexible Execution Options: Choose from four execution modes, including Instant Execution, market execution, pending, stop orders, and a trailing stop function for flexible trading strategies.
  • Easy-to-Use Analytics: Explore the market with ease using 30 technical indicators and 24 graphic objects. Enhance your trading strategies by utilizing these user-friendly analytics tools.
  • Advanced Data Protections: Phoenix prioritizes the security of your data with encryption and digital signature features. Your data transmitted between the client terminal and trading platform remains safeguarded and secure during every trading session.

Phoenix MT4

Apart from the Webtrader, you will get access to MetaTrader 4 too. Phoenix MT4 will give you all the regular features of MetaTrader 4.

Phoenix Review: Future Expiries

At Phoenix LTD, strategic trading is reinforced through careful consideration of CFDs' key expiry dates. The broker prioritizes transparency and does not roll over positions beyond maturity. Any positions remaining open after expiry will automatically close. It's crucial to stay informed about these expiry dates, and additional details can be found in the Phoenix website. This approach ensures clarity in your trading plans, allowing you to make proper decisions and manage your positions effectively.

Further, stay ahead in your trading journey by staying informed about events that may impact your trades. The Phoenix holiday calendar is a valuable tool, providing insights into market holidays that can influence your trading experience. Keeping track of these holidays equips you with the knowledge needed to develop robust trading strategies and gain a competitive edge in financial markets. Stay tuned to the calendar for a comprehensive understanding of market dynamics during holiday periods.

Phoenix LTD Deposit and Withdrawals

You can start your trading journey with Phoenix by making a minimum deposit of 250 USD (or equivalent in the account currency). While it is possible to sign up without depositing, this option limits you to trading solely with a demo account. Phoenix accepts deposits in major currencies, including EUR, USD, and JPY. To fund your account, choose from various convenient methods such as Credit/Debit Cards, Wire Transfer, and APMs (Alternative Payment Methods). Phoenix provides flexibility and accessibility in the deposit process, allowing traders to start their journey with the amount that suits their preferences and goals.

For withdrawals, you can cancel the request if the transfer is not yet processed. The minimum withdrawal amount for Wire Transfer is 10 USD (or equivalent in the account currency). If using e-wallets, you can withdraw any amount, ensuring it covers the applicable fee.

To start a withdrawal, log in to your account and follow the straightforward instructions on the withdrawal page. The withdrawal process usually takes 8 to 10 business days, though timelines may vary depending on your local bank.

Withdrawals can be made at any time, provided your account has sufficient margin to cover the withdrawal amount and any applicable fees. The company holds the authority to impose a withdrawal fee under specific conditions. Initial withdrawals are free for fully verified accounts with at least one trade. However, for accounts not fully verified or verified without an open trade, a withdrawal fee of 10 USD (or equivalent, based on account currency) will be incurred.

For subsequent withdrawals, specific fees apply:

  • Credit Card, Debit Card, Prepaid Card, E-wallets: 3.5%
  • Wire Transfer fee: 30 USD (or equivalent, based on account currency)

Phoenix LTD Review: Inactivity Fees

Phoenix reserves the right to charge monthly inactivity fees on your Trading Account if there are no transactions (deposits, withdrawals, or trading) for at least two months. The fees vary based on the inactivity period, starting at 0 for 0 to 1 month and increasing to 100 USD after 30 days, 250 USD after 60 days, and 500 USD after 180 days. You agree to pay the applicable fee as notified and acknowledge the deduction from funds held by Phoenix.

Phoenix Refund Policy

Phoenix's refund policy is applicable under specific circumstances. A refund request is eligible only if the account has been deposited, yet no orders have been executed by the client. The client is required to provide a justification for the refund request.

In such instances, the refund will be conducted using the same payment method used for the initial deposit. The refund amount will be the full deposited sum, excluding any applicable fees or dues, such as wire fees. It's important to note that refunds and funding requests are treated as withdrawals and follow the methods and procedures outlined in the Client Agreement and the General Fees Policy. Phoenix is committed to transparency and fair practices in handling refund requests.

 

 

Phoenix Review: Customer Support

Customer satisfaction is Phoenix’s top priority, reflected in their 24/7 customer service. Whether you have questions, require assistance, or seek guidance, the broker's flexible and responsive support team is always available.

You can contact them through multiple channels, including phone at +2484671919, email at support@ltdphoenix.com, or utilize the convenience of their live chat support. Phoenix LTD acknowledges the crucial role of prompt and efficient communication, guaranteeing the provision of necessary support whenever you need it. Traders’ trading experience is their prime concern, and the dedicated customer support is always there to assist you every step of the way.

Final Words

Phoenix LTD stands out for its advanced features, multilingual support, and firm commitment to providing a secure and transparent trading experience. This Phoenix review finds that the broker emerges as a dynamic and user-centric forex broker, offering a diverse range of accounts, a user-friendly trading platform, and a robust support system. With transparent policies on deposits, withdrawals, and fees, Phoenix caters to traders of all levels, providing a seamless and secure trading experience.

 

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