Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

PHOENIX MARKETS

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

https://www.phoenixmarkets.com

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

WGMServices-Demo

China
MT4
2

Influence

D

Influence index NO.1

Thailand 2.69

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

Check whenever you want

Download App for complete information

WikiFX Verification

Users who viewed PHOENIX MARKETS also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

KCM Trade

7.73
Score
5-10 yearsStraight Through Processing(STP)MT4/5 full license
Official website

CPT Markets

8.20
Score
5-10 yearsRegulated in United KingdomMarket Making(MM)MT4/5 full license
Official website

FXGT.com

7.62
Score
2-5 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

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.

image.png

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.

Broker Information

Company Name

WGM Services Limited

Company Abbreviation

PHOENIX MARKETS

Regulatory Status

Regulated

Platform registered country and region

Cyprus

Phone of the company
  • +357 25 123 281

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • hello@phoenixmarkets.com

  • support@ezinvest.com

  • support@phoenixmarkets.com

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

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
Reply
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
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com