FxPro
Phoenix Markets
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Overview
FxPro was founded in 2006 and is headquartered in UK, while Phoenix Markets was established in 2013 and is based in Cyprus. FxPro holds licences including Financial Conduct Authority (FCA), while Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. FxPro serves 10,000+ clients worldwide; Phoenix Markets has 10,000+. The minimum deposit is $100 at FxPro and $500 at Phoenix Markets.
| Feature | FxPro | Phoenix Markets |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2006 | 2013 |
| Country | UK | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FxPro and Phoenix Markets, directly affecting your bottom line as a trader. FxPro has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Phoenix Markets). Neither broker charges withdrawal fees. FxPro applies inactivity fees on dormant accounts; Phoenix Markets does not. Overall, FxPro scores higher on fees in our assessment.
| Feature | FxPro | Phoenix Markets |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FxPro offers MT4, MT5, cTrader, while Phoenix Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FxPro supports social and copy trading features, which Phoenix Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | FxPro | Phoenix Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, cTrader, Tablet & Mobile apps | MT4,mac,Android.iPhone/iPad |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FxPro and Phoenix Markets compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | FxPro | Phoenix Markets |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FxPro accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Phoenix Markets supports 2 (bank transfer, credit/debit card). FxPro uniquely supports PayPal and Skrill and Neteller among the two brokers. FxPro scores higher on deposit and withdrawal flexibility.
| Feature | FxPro | Phoenix Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FxPro and Phoenix Markets offer live chat support. Both provide phone support. Email support is available at both brokers. FxPro supports 15 languages and Phoenix Markets supports 2, giving FxPro broader global reach. Both brokers are comparable on support quality.
| Feature | FxPro | Phoenix Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese | English, and Chinese |