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Regulated

Score

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/10

Phoenixmarkets

Cyprus | 10-15 years |

Regulated in Cyprus | Market Maker (MM) | Suspicious Scope of Business | High potential risk

https://www.phoenixmarkets.fr/en

Website

Open Account Time Machine

Rating Index

Contact

+44 208 068 0645

support@phoenixmarkets.fr

https://www.phoenixmarkets.fr/en

11, Vizantiou, 4th Floor, Strovolos 2064, Nicosia, Cyprus

Licenses

CYSEC Regulated

Cyprus Market Maker (MM)

Licensed Entity：WGM Services Ltd

License No. 203/13

Keywords 5

10-15 years

Regulated in Cyprus

Market Maker (MM)

Suspicious Scope of Business

High potential risk

Warning: Low score, please stay away!

2025-12-26

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

Basic Information

Registered Region

Cyprus

Operating Period

10-15 years

Company Name

WGM Services Limited.

Abbreviation

Phoenixmarkets

Company employee

Customer Service Email Address

hello@phoenixmarkets.com

Contact Number

+44 208 068 0645

Company Website

https://www.phoenixmarkets.fr/en

Company Address

11, Vizantiou, 4th Floor, Strovolos 2064, Nicosia, Cyprus

A Visit to PHOENIX MARKETS in Cyprus - No Office Found

WikiFX Survey
Phoenixmarkets

Danger

Cyprus

WikiFX Survey
Phoenixmarkets

Danger

Cyprus

Website

Genealogy

Related Companies

Employees

Company Summary

Comment

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Score

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Details

Official website

Website

phoenixmarkets.fr

104.21.87.131

Server Location

United States
ICP registration

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Most visited countries/areas

--
Domain Effective Date

--
Website

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Company

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Genealogy

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Phoenixmarkets

Clones

Unverified

FINANCIX

1.24

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessSuspicious OverrunHigh potential risk

Related Companies

WGM SERVICES LTD(United Kingdom)

Active

United Kingdom

Registration No. 10923810

Established 2013-06-14

Related sources Website Announcement

Employees

WARREN GORDON MAINWARING

United Kingdom

Director

Start date

2017-08-21

Status

Employed

WGM SERVICES LTD(United Kingdom)

Company Summary

Note: Phoenixmarkets' official website: https://www.phoenixmarkets.fr/en is currently inaccessible normally.

Phoenixmarkets Information

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.

Is Phoenixmarkets Legit？

	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.

Downsides of Phoenixmarkets

Unavailable Website

Phoenixmarkets's official website is currently inaccessible, raising concerns about its reliability and accessibility.

Lack of Transparency

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.

Withdrawal Difficulty

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.

Negative Phoenixmarkets Reviews on WikiFX

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

Conclusion

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.