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Score
Cyprus
10-15 yearsRegulated in Cyprus
Market Making(MM)
High potential risk
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index3.84
Business Index8.21
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
WGM Services Limited.
Company Abbreviation
Phoenixmarkets
Platform registered country and region
Cyprus
Company website
Company summary
Pyramid scheme complaint
Expose
Note: Phoenixmarkets' official website: https://www.phoenixmarkets.fr/en is currently inaccessible normally.
Founded in 2005, Phoenixmarkets Company Limited is an brokerage company overseen by the Cyprus Securities and Exchange Commission (CYSEC) registered in Cyprus, operating under a Market Making (MM) License.
Cyprus Securities and Exchange Commission (CYSEC) | |
Current Status | Regulated |
Regulated by | Cyprus |
License Type | Market Making (MM) |
License No. | 203/13 |
Licensed Institution | WGM Services Ltd |
Phoenixmarkets is overseen by the Cyprus Securities and Exchange Commission (CYSEC), operating under a Market Making (MM) License with license number 203/13. This signifies that the broker is working within the legal parameters set by the corresponding regulatory bodies.
Phoenixmarkets's official website is currently inaccessible, raising concerns about its reliability and accessibility.
There is a notable lack of information about Phoenixmarkets available online. This lack of transparency is unlike other brokers, making it difficult for investors to make informed decisions.
According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals. Despite the request being pending for over a week, the issue remained unresolved.
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there was only one piece of Phoenixmarkets exposure in total.
Exposure. Demo to Real Account Success
Classification | Demo to Real Account Success |
Date | 2024-01-10 |
Post Country | Australia |
It may be difficult for investors to make informed decisions while trading with Phoenixmarkets for the lack of information about Phoenixmarkets available online. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investments and compliance with legal standards. When selecting a trading platform, prioritize those supervised by recognized regulatory bodies for enhanced security and peace of mind.
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