Forex EE
Phoenix Markets
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while Phoenix Markets was established in 2013 and is based in Cyprus. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Forex EE serves 10,000+ clients worldwide; Phoenix Markets has 10,000+. The minimum deposit is $100 at Forex EE and $500 at Phoenix Markets.
| Feature | Forex EE | Phoenix Markets |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Ministry of Economic Affairs in Estonia | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2013 |
| Country | Grenadines | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and Phoenix Markets, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Phoenix Markets). Forex EE charges withdrawal fees while Phoenix Markets does not, a notable advantage for frequent withdrawers. Overall, Forex EE scores higher on fees in our assessment.
| Feature | Forex EE | Phoenix Markets |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex EE offers MT5, cTrader, while Phoenix Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Phoenix Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | Phoenix Markets |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | MT4,mac,Android.iPhone/iPad |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex EE and Phoenix Markets compare. Phoenix Markets runs regular live webinars; Forex EE does not. Both provide video tutorials. Phoenix Markets publishes daily market commentary; Forex EE does not. Both integrate third-party research tools. Phoenix Markets maintains an archive of past webinars for on-demand viewing. Phoenix Markets scores higher overall in education and research.
| Feature | Forex EE | Phoenix Markets |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex EE accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Phoenix Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex EE | Phoenix Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both Forex EE and Phoenix Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Forex EE | Phoenix Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |