Review summary
Phoenix FX Limited operates as an offshore entity registered in Saint Lucia, with between 2 to 5 years of operational history. According to WikiFX data, the broker holds no valid authoritative forex trading licenses, placing it outside the oversight of major financial regulators. The WikiFX assessment indicates a notably low overall score of 1.36, reflecting significant concerns regarding its regulatory standing and business scope. Trading terms accessible through its platform include a $100 minimum deposit requirement across its MAX, ECN, and SUPER account types, with leverage offered up to 1:500. Given the complete absence of financial regulation and its operational base in an offshore jurisdiction, engaging with this entity involves a high level of financial risk. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-25)
FX1052102282
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 $1,000 to the bank in order to complete the withdrawal process. They are scammers and thieves. No one should get involved with them or put money with them. They are criminals.
Exposure
FX3221461288
India
4 months completed still my withdra pending Y rejected my withdra iam again withdra Still pending my withdra Iam deposit 1000$ plz give my principal amount 🙏🙏🙏
Exposure
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
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
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
FX3221461288
India
Brokar properly not responding 3 months completed still my withdra pending Iam deposits my bank plz give my withdra
Exposure
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
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
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
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
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
Piyush N
India
Best forex broker with low spreada and fast deposits and withdrawals Great costumer support
Positive