AB Forex
Phoenix Markets
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while Phoenix Markets was established in 2013 and is based in Cyprus. AB Forex holds licences including Unregulated, while Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. AB Forex serves 10,000+ clients worldwide; Phoenix Markets has 10,000+. The minimum deposit is $100 at AB Forex and $500 at Phoenix Markets.
| Feature | AB Forex | Phoenix Markets |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2003 | 2013 |
| Country | STOCKHOLM | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and Phoenix Markets, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Phoenix Markets). AB Forex charges withdrawal fees while Phoenix Markets does not, a notable advantage for frequent withdrawers. AB Forex applies inactivity fees on dormant accounts; Phoenix Markets does not. AB Forex charges deposit fees; Phoenix Markets does not. Overall, AB Forex scores higher on fees in our assessment.
| Feature | AB Forex | Phoenix Markets |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Phoenix Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | Phoenix Markets |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4,mac,Android.iPhone/iPad |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and Phoenix Markets compare. Phoenix Markets runs regular live webinars; AB Forex does not. Phoenix Markets has a video library; AB Forex does not. Phoenix Markets publishes daily market commentary; AB Forex does not. Phoenix Markets integrates third-party research tools (Trading Central); AB Forex does not. Phoenix Markets maintains an archive of past webinars for on-demand viewing. Phoenix Markets scores higher overall in education and research.
| Feature | AB Forex | Phoenix Markets |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Phoenix Markets uniquely supports bank transfer and credit/debit card among the two brokers. Phoenix Markets scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | Phoenix Markets |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Phoenix Markets offers live chat; AB Forex does not, making Phoenix Markets easier to reach in real time. Phoenix Markets offers phone support; AB Forex does not. Phoenix Markets offers email support; no email support was found for AB Forex. Both brokers offer support in 2 languages. Phoenix Markets scores higher overall on customer support in our assessment.
| Feature | AB Forex | Phoenix Markets |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, and Chinese |