Phoenix FX

Libya

I deposited an amount of $800, and after the profit reached $10,000, I requested a withdrawal. However, the platform does not have a withdrawal option. The advisor contacted me and said that I need to deposit $1,000 to the bank in order to complete the withdrawal process. They are scammers and thieves. No one should get involved with them or put money with them. They are criminals.

Exposure

03-20

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

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

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

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

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

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

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

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

Account

Website

Company Summary

News

Wiki Q&A

Comment

Account

Environment

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Currency

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Maximum Leverage

1:500
SupportedEA
Minimum Deposit

$100
Minimum Spread

from 2.5
Depositing Method

--
Withdrawal Method

--
Minimum Position

--
Commission

Zero
Products

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Products

Updated： 2025-11-01

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Official website

Website

phoenixfxltd.com

95.111.245.189

Server Location

Germany
ICP registration

--
Most visited countries/areas

--
Domain Effective Date

--
Website

--
Company

--

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

2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

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

Wiki Q&A

Thobani Dlalda

1-2 years

Can I use demo accounts?

Phoenix FX does not provide simulation accounts, making it difficult for beginners to practice operations in a risk-free environment. They need to directly use real funds to try and make mistakes, which is not friendly enough for inexperienced individuals.

What account types does Phoenix FX offer?

Phoenix FX has three account types: Super, ECN, and Max. Traders who want low spreads can choose a super account.

Does Phoenix FX charge commissions?

Phoenix FX does not charge any commissions, letting traders keep more profits with transparent, cost-free transactions across all trading instruments.

What trading platforms does Phoenix FX offer?