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PHOENIX MARKETS

Cyprus|10-15 years| Benchmark A|
Regulated in Cyprus|Market Making(MM)|MT4/5 White Label|Regional Brokers|

https://www.phoenixmarkets.com

Website

Rating Index

Benchmark

Benchmark

A

Average transaction speed (ms)

238.5 Perfect

MT4/5

White Label

WGMServices-Demo

China
MT4
2

Influence

D

Influence index NO.1

Thailand 2.69

Benchmark

Speed:AAA

Slippage:AA

Cost:D

Disconnected:A

Rollover:A

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
WGMServices-Demo MT4
Server Location China

Influence

Influence

D

Influence index NO.1

Thailand 2.69

Surpassed 72.30% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25 123 281
hello@phoenixmarkets.com
https://www.phoenixmarkets.com

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+357 25 123 281

Broker Information

More

Company Name

WGM Services Limited

Company Abbreviation

PHOENIX MARKETS

Platform registered country and region

Cyprus

Company website

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PHOENIX MARKETS · Benchmark
Average transaction speed(ms)
238.5 Perfect
The highest transaction speed(ms)
172 Good
The highest speed of opening positions(ms)
188 Good
The highest speed of closing position(ms)
172 Good
The lowest speed of opening positions(ms)
344 Perfect
The lowest speed of closing position(ms)
327 Perfect
Ranking: 75 / 125
Test user 228
Orders 2,590
Ocuppied margin $430,795 USD
Data Source WikiFX Data provide
Updated: 2024-02-23 01:02:SS

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PHOENIX MARKETS · Company Summary

General Information & Regulation

PHOENIX MARKETS is owned and operated by WGM Services Ltd, established in 2013, and is a Cyprus registered online forex and CFD broker, currently regulated by CySEC in Cyprus, holding its authorized full license, regulation number: 203/13.

Markets Instruments

PHOENIX MARKETS offers financial instruments including global currency pairs, major global indices, commodities, equity CFDs, and cryptocurrencies.

Minimum Deposit

PHOENIX MARKETS offers three different trading accounts: the Starter Account (minimum initial deposit of EUR 1,000, for Retail accounts), Gold Account (minimum initial deposit of EUR 25,000, for Retail & Pro accounts), and Platinum Account (minimum initial deposit of EUR 99,000, for Retail & Pro accounts). Objectively speaking, the minimum deposit amount set by PHOENIX MARKETS is too high, and investors should be careful to avoid risks.

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PHOENIX MARKETS Leverage

PHOENIX MARKETS, as a Cyprus regulated broker, can offer the maximum trading leverage for retail clients is capped at 1:30 forex instruments. While for the professional traders, they can apply the high trading leverage of up to 1:200 after the status is confirmed.

Spreads & Commissions

Spreads start at 3 pips for the Starter account and 1.5 pips for the Gold account, with no commission on forex trading, $10/€/£ per lot for futures trading, 1% for stocks, and 0.5% for cryptocurrencies for both accounts. Concerning the Pro Account, the commission for futures trading for retail traders is the raw spread + $10/€/£ per lot. In contrast, the commission for futures trading for professional traders is the raw spread + $7/€/£ per lot, and the commissions for stocks and cryptocurrencies are 1% and 0.5%, respectively.

Trading platforms

PHOENIX MARKETS offers investors a choice of three trading platforms, namely PHOENIX Webtrader, MT4, and mobile trading platform.

Deposit and withdrawal

PHOENIX only supports traders to deposit and withdraw funds to their accounts through VISA, MasterCard credit cards, and wire transfers. Compared to most brokers that offer popular e-wallet payment methods, the platform's payment methods are too limited.

Customer Support

The PHOENIX MARKETS website has been translated into several languages for traders from different regions. The PHOENIX MARKETS customer support team can be reached through email, telephone, as well as some social media platforms, including Facebook, Twitter, and Linkedin. Unfortunately, live chat support is unavailable, though it is the quickest way to get responded.

User Reviews

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2

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自渡38824
more than one year
Phoenix Markets is an amazing broker, and I have traded with this broker for several years, and it did not disappoint me in terms of withdrawal, spreads, order execution... However, I would advise them to lower initial investment capitals. You know what? initial deposit required is way too high for opening a starter account, and I was almost gave up due to this reason.
2023-03-23 09:42
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0
0
FX1196433441
more than one year
It's so weird! A while ago I received a message from an account manager of this company inviting me to make an investment, but today I found out that their website is not open. Have they gone bankrupt?
2023-01-30 11:03
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