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Phoenixmarkets

Item: Phoenixmarkets
Rating: 1.67

Cyprus|10-15 years|

Market Making(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 Making(MM)

VPS Standard

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

Single Core

40G

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Warning: Low score, please stay away!

Previous Detection : 2024-11-27

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

A Visit to PHOENIX MARKETS in Cyprus - No Office Found

WikiFX Survey
Phoenixmarkets

Danger

Cyprus

WikiFX Survey
Phoenixmarkets

Danger

Cyprus

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

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Account Information

Time Machine

Phoenixmarkets · WikiFX Survey

Danger A Visit to PHOENIX MARKETS in Cyprus - No Office Found

Cyprus

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Phoenixmarkets · 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.