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    PHOENIX MARKETS

    5-10 years
    |
    Regulated in Cyprus
    |
    Market Making(MM)
    |
    MT4/5 White Label

    Rating

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9

     /10

    License Index

    3.84

    Business Index

    7.66

    Risk Management Index

    9.73

    Software Index

    4.00

    Regulatory Index

    3.81

    Licenses

    Cyprus Securities and Exchange Commission

    Market Making(MM)

    CYSEC Regulated

    Overview

    • Company Name:

      WGM Services Limited
    • Company Abbreviation:

      PHOENIX MARKETS
    • Place of registration:

      PHOENIX MARKETSCyprus
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      hello@phoenixmarkets.com
    • Customer Service Phone Number:

      44 203 514 2059
    • Company summary

      GeneralInformation&RegulationofPHOENIXMARKETSPHOENIXMARKETSisownedandoperatedbyWGMServicesLtd,establishedin2013,andisaCyprusregisteredonlineforexandCFDbroker,currentlyregulatedbyCySECinCyprus,holdingitsauthorizedfulllicense,regulationnumber:203/13.MarketsInstrumentsPHOENIXMARKETSoffersfinancialproductssuchasglobalcurrencyexchange,majorglobalindices,commodities,equityCFDs,andcryptocurrencies.Accounts&LeverageofPHOENIXMARKETSPHOENIXMARKETSoffersthreedifferenttradingaccounts:StarterAccount(minimuminitialdepositofEUR1,000,forRetailaccounts),GoldAccount(minimuminitialdepositofEUR25,000,forRetail&Proaccounts),andPlatinumAccount(minimuminitialdepositofEUR99,000,forRetail&Proaccounts).Objectivelyspeaking,theminimumdepositamountsetbyPHOENIXMARKETSistoohigh,andinvestorsshouldbecarefultoavoidrisks.Themaximumtradingleverageforretailclientsis1:30forStarteraccounts,1:30forretailtraders,and1:200forprofessionalclientsforGoldandPlatinumaccounts.Spreads&CommissionsofPHOENIXMARKETSSpreadsstartat3pipsfortheStarteraccountand1.5pipsfortheGoldaccount,withnocommissiononforextrading,$10/€/£perlotforfuturestrading,1%forstocks,and0.5%forcryptocurrenciesforbothaccounts.ConcerningtheProAccount,thecommissionforfuturestradingforretailtradersistherawspread+$10/€/£perlot.Incontrast,thecommissionforfuturestradingforprofessionaltradersistherawspread+$7/€/£perlot,andthecommissionsforstocksandcryptocurrenciesare1%and0.5%,respectively.TradingplatformsAvailablePHOENIXMARKETSoffersinvestorsachoiceofthreetradingplatforms,namelyPHOENIXWebtrader,MT4,andmobiletradingplatform.DepositandwithdrawalofPHOENIXMARKETSPHOENIXonlysupportstraderstodepositandwithdrawfundstotheiraccountsthroughVISA,MasterCardcreditcards,andwiretransfers.Comparedtomostbrokersthatofferpopulare-walletpaymentmethods,theplatform'spaymentmethodsaretoolimited. About More
    Pyramid scheme complaint

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    Last Updated Time 2021-07
    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institution :

      WGM Services Ltd

      Effective Date :

      2013-06-14
    • Email Address of Licensed Institution :

      info@wgmservices.com
    • Website of Licensed Institution :

      www.ezinvest.com,www.stockstp.com,www.marches-financiers.fr,www.phoenixmarkets.fr,www.phoenixmarkets.com

      Expiry Date :

      --
    • Address of Licensed Institution :

      11, Vizantiou Street, Office 401, Strovolos, CY-2064 Nicosia

      Phone Number of Licensed Institution :

      22000878
    • Licensed Institution Certified Documents :

      EZINVEST CySEC监管截图更新20190912 View Certified Documents WGM塞浦路斯牌照.png View Certified Documents EZINVEST-Cysec牌照200513 View Certified Documents

    PHOENIX MARKETS · MT4/5

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      PHOENIX MARKETS · Website

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          PHOENIX MARKETS· Genealogy

          PHOENIX MARKETS · Clones

          PHOENIX MARKETS · Market Analysis

          The data are from WIKI Research    2021.07.26 updated

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          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          PHOENIX MARKETS
          * Contact number
          0086
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          *Reporting Reasons

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          PHOENIX MARKETS · Company summary

            General Information & Regulation of PHOENIX MARKETS

            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 products such as global currency exchange, major global indices, commodities, equity CFDs, and cryptocurrencies.

            Accounts & Leverage of PHOENIX MARKETS

            PHOENIX MARKETS offers three different trading accounts: 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. The maximum trading leverage for retail clients is 1:30 for Starter accounts, 1:30 for retail traders, and 1:200 for professional clients for Gold and Platinum accounts.

            Spreads & Commissions of PHOENIX MARKETS

            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 Available

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

            Deposit and withdrawal of PHOENIX MARKETS

            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.

          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.