The PhoenixTB website is owned by Lerekki Limited, which is registered in the Republic of the Marshall Islands. However, it is not licensed and uses the MSI compensation fund to settle disputes with clients, the certificate of membership in this organization was issued in February 2023. Other than that, the broker does not disclose any more information about the date of its establishment. As for the domain, it was also registered in February 2023 in the Bahamas. Finally, the project has no legal address, and its offices in the UK, Canada, and Switzerland tell us nothing about the actual location of the company running the site.
Does the broker really put the interests of its clients first? Can we trust its guarantees of safe trading? We will investigate the site and find out. In doing so, we will find out whether the company is really as reliable as it promises its users.
The PhoenixTB proprietary platform allows clients to trade CFDs on various underlying products. These are commodities, indices, currency pairs, and cryptocurrency. Before opening your first trade, you need to register and fund your account. You can top up your deposit using the following popular methods:
- Bank transfer
- Cryptocurrency wallets
- E-wallets Skrill, Neteller
The minimum amount you can transfer to your PhoenixTB account is $20. At the same time, the balance of the deposit must be at least $250.
The broker claims that clients’ funds are kept in separate segregated accounts. 24/7 monitoring of activity in the client’s account is stated as a guarantee of security. Your deposit can be blocked if money transactions arouse suspicions of the site administration.
The user can test the terminal on a demo account and use the economic calendar only after registration on the site. On the PhoenixTB platform, clients are provided with bonuses on a temporary, permanent, or one-time basis. The broker reserves the right to cancel the bonus at any time if in its opinion the client abuses his rights.
You can use Forex e-books, and videos for training, without registering an account. There is also a section of current-day news freely available on the site.