Wikilix
PHOENIX MARKETS logo

PHOENIX MARKETS

Suspicious Clone
Cyprus
Since 2013
Last Updated:

Trading Conditions

Min Deposit:
EUR1000
Max Leverage:
200
Account Types
  • Regular
  • Professional
  • Platinum

Official website

eu.ezinvest.com

Online · checked Sep 10, 2026

Also on our record

4 more addresses
  • ezinvest.comBackup
  • world.ezinvest.comRegional

Funding Methods

5 methods

Visa and Mastercard

credit card
Instant
Fee:2.15%
Fee:0.2%

Bank Wire Transfer

bank transfer
Up to 7 days
Fee:Free
Fee:Free

Skrill

e wallet
Instant
Fee:2.15%
Fee:0.2%

Neteller

e wallet
Instant
Fee:2.15%
Fee:0.2%

Bank Transfer

bank transfer
Up to 7 days
Fee:Free
Fee:Free

Trust rating

Fair

50 out of 100 · 70% checked

Our investigation rated it high risk and could not verify it, and it holds a valid CySEC 203/13 licence and 1 more.

Capped at 50 · High risk, unverified

We checked PHOENIX MARKETS on 2026-10-24 across its regulation, company record, client terms, trading offer and service, and could verify 70% of its record. Its strongest valid licence is CySEC 203/13, with 1 more valid. The score was held at 50 because our investigation rated it high risk and could not verify it. What would move the score: licence held by the onboarding entity, verified age, policy risk. Our published investigation found it is high risk and could not be verified. Its client terms have not been reviewed yet.

Score last calculated 2026/10/24

Company Information

Full Name:WGM Services Limited
Founded:2013
Headquarters:Cyprus
Enterprise Offices:N/A

Customer Support

Phone:
+357 25 123 281
Live Chat:
Available
Response Time:
—
Languages:
English
Scroll Down

Is PHOENIX MARKETS a scam?

Wikilix independent safety report

Read the full report
65%Scam risk
High risk (unverified)Confidence: MEDIUM
2.5/5Safety rating 2.5 out of 5

No, this is not a fake or cloned broker. The company behind eu.ezinvest.com, WGM Services Limited, really does hold Cyprus licence 203/13, and the regulator's own record lists eu.ezinvest.com and pho…

Risk scorecard · each area scored 0 (clean) to 10 (worst)

Regulation5/10 · ModerateIdentity & transparency4/10 · ModerateWithdrawals & conduct8/10 · CriticalReputation7/10 · HighWebsite claims4/10 · ModerateOperational history2/10 · Low
Editorial review
Updated

Broker Summary

What Wikilix has recorded about PHOENIX MARKETS: its history, the licences it holds, its trading conditions and its fees.

Overview of Brokerages for PHOENIX MARKETS

Overview

When dealing with financial trading, it is crucial that novice and professional traders alike seek out a dependable broker. PHOENIX MARKETS is aimed at providing a complete trading atmosphere for its customers as both a broker and as a provider of finance. There is limited publicly available information on this brokerage, so this overview shall provide an insight into the broker's offerings, conditions, regulations, and other important information.

History of PHOENIX MARKETS

There is little to no information available on the founding, corporate structure, or executive management of PHOENIX MARKETS. There appears to be little transparency regarding this brokerage, but it appears to typically serve a wide variety of traders and provide the capability of trading in many different asset classes on multiple trading platforms.

Products

Phoenix Markets is likely to have a good selection of instruments available for trade including the items listed below:

Currency pairs (Forex)

Commodities

Stock indices

Possibly Cryptocurrencies

Phoenix Markets is likely to provide multiple account types in order to accommodate the trading style and needs of different traders. Account types include differences in the amount of minimum deposits required to open an account, the maximum amount of leverage that can be used, and the types of spreads available to traders.

Licensing and Regulation

As with all brokers, PHOENIX MARKETS should be regulated by a government body, as such, it is important to continue researching this topic until obtaining a full understanding of the regulatory body that oversees this brokerage and how they operate.

Regulator License License Status

CySEC 203/13 Suspicious Clone

Trading Conditions & Software

The trading conditions a broker offers can significantly impact the experience and profitability of the individual trader. Phoenix Markets is likely to offer competitive spreads, leverage, and minimum deposit amounts. They are also likely to provide a range of trading platform options including the ever-popular MetaTrader 4 platform, as well as mobile and web-based access to the trading platforms.

Product/Service Details Notes

Spread(s) Variable

Leverage 1:200

Minimum Deposit $1000

Trading Platforms: MetaTrader 4

Fees Paid by the Trader

The fees associated with the broker PHOENIX MARKETS are not fully disclosed, but as most brokerages, they typically charge some type of fees to their customers for providing their services. The fee types you would typically find with PHOENIX MARKETS include the following:

Fee Type Details Notes

Deposit Fees 2.15% for eWallets and credit cards

Withdrawal Fees 0.20% eWallet and credit card withdrawals means using eWallets or credit cards

Commission For Platinum Account holders $7 per lot of currency traded

User Experience & Reputation

Due to the limited number of public reviews available, there is no solid basis of evaluation on the appropriateness and service level of PHOENIX MARKETS at this time. I would encourage you to continue to evaluate the offerings of this broker by:

Researching verified testimonials.

Using a demo account

Interacting with customer service.

Update on Vendor Developments

Currently, there are no new updates or advancements from PHOENIX MARKETS to my knowledge as of now. Continue watching this broker's communications to keep abreast of future updates.

Conclusion

PHOENIX MARKETS is a trading platform within the financial services industry, but the limited availability of information makes it difficult to accurately assess all aspects of this broker. Among other things, the lack of transparency regarding capital, trading conditions, and fees makes reviewing PHOENIX MARKETS challenging.

By performing thorough due diligence, all traders are encouraged to be cautious and research in-depth all details of the broker's regulatory body and trading platform, prior to investing funds into the broker's account. Keeping safety and efficacy as the primary management focus should be priorities when making any trading decision.

Regulation check
Checked

Regulatory Licenses

PHOENIX MARKETS holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.

2 of 2 checked
Licences on record
2
Confirmed on register
2
Tier 1 or 2
1
Offshore
1

WIKILIX

Licence intelligence

The strongest of 2 licences on file

Licence Verification Record

Cyprus Securities and Exchange Commission 203/13

Wikilix read the CySEC register on Aug 4, 2026. This is what it said.

Jurisdiction
Cyprus
Authority strength
Tier 2
Licence type
Market Making(MM)
Register status
Active
Effective
Jun 14, 2013

Checked Aug 4, 2026

What our check found

A full Cyprus Investment Firm licence held by WGM Services Limited, permitting reception and transmission of orders, execution of orders on behalf of clients and dealing on own account, passported across the EEA. The regulator's record lists eu.ezinvest.com, www.ezinvest.com, www.phoenixmarkets.com and www.phoenixmarkets.fr as approved websites for this licence, which is what ties the licence to this exact site. The same licence was suspended from 20 November to 22 December 2014 and the firm was penalised twice in 2015. Client protection: Meaningful. MiFID II conduct rules, segregated client money, leverage limits and negative balance protection for retail clients, plus Investor Compensation Fund cover up to 20,000 euros for eligible retail clients of the Cyprus entity. This protection applies only to accounts held with WGM Services Limited, not to accounts opened through the group's non-EU site. Effective: 14 Jun 2013.

Client protection under this licence

  • Compensation schemeUp to €20000 (ICF)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeCyprus Financial Ombudsman
  • Maximum leverage1:30

These are the rules CySEC sets for the firms it licenses. They are not a statement about how PHOENIX MARKETS applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

3 account types on record. Minimum deposit from USD 1,000. Leverage up to 1:200.

3 account types
AccountMin DepositMax LeverageCommission
RegularStandardUSD 1,0001:30No commission on currencies
ProfessionalVIPUSD 25,0001:200No commission on currencies
PlatinumVIPUSD 99,0001:200$7 per lot on currencies
Account names and conditions as published by PHOENIX MARKETS, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

5 ways to fund an account. 2 with no deposit fee. 3 credit instantly. The costliest way in is Visa and Mastercard at 2.15%.

5 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Visa and MastercardCredit Card
Processing fees are subject to change without prior notice. Available in regions where Visa and Mastercard are accepted.
2.15%0.2%EUR 100EUR 100EUR 50,000Instant
Bank Wire TransferBank Transfer1FreeFreeEUR 100EUR 100EUR 50,000Up to 7 days
SkrillE-Wallet
Processing fees are subject to change without prior notice. Available in countries where Skrill operates.
2.15%0.2%EUR 100EUR 100EUR 50,000Instant
NetellerE-Wallet
Processing fees are subject to change without prior notice. Available in countries where Neteller operates.
2.15%0.2%EUR 100EUR 100EUR 50,000Instant
Bank TransferBank Transfer1FreeFreeEUR 100EUR 100EUR 50,000Up to 7 days

Broker's notes on these methods

  1. Processing times may vary depending on the banks involved. Available for clients with bank accounts capable of receiving international wire transfers. · applies to 2 methods
Fees, limits and processing times as published by PHOENIX MARKETS, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 4.

1 platform
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.

    Runs on

    • Windows
    • Mac
    • Android
    • iOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

7 domains on record. All active and served over HTTPS.

7 domains
  • eu.ezinvest.comMain siteActiveHTTPS
  • www.ezinvest.comBackupActiveHTTPS
  • world.ezinvest.comRegionalActiveHTTPS
  • www.phoenixmarkets.comBackupActiveHTTPS
  • www.phoenixmarkets.frRegionalActiveHTTPS
  • www.marches-financiers.frRegionalActiveHTTPS
Show 1 more
  • www.stockstp.comBackupActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

4 official channels on record.

4 channels
Channels as published by the broker, recorded by Wikilix.
Company registry check
Checked

Company Registration

The operating company is WGM SERVICES LIMITED. Registered in Cyprus. Registration number HE 256991.

Verified on registry
Legal entity
WGM SERVICES LIMITED
Registration number
HE 256991
Jurisdiction
Cyprus
Incorporated
Oct 29, 2009
Registry
Cyprus Department of Registrar of Companies and Intellectual Property (DRCOR)
Registered address
Themistokli Dervi 48, Centennial Building, Floor 1, Office 104, 1066 Nicosia, Cyprus
Frequently Asked Questions

Frequently Asked Questions

Common questions about PHOENIX MARKETS

Most Popular Questions
According to WIKILIX data, PHOENIX MARKETS offers a maximum leverage of up to 200:1. This leverage level applies to their trading accounts, allowing traders to control larger positions with a smaller amount of capital.
The minimum deposit amount at PHOENIX MARKETS is 1000 EUR for trading accounts. However, for funding methods like Visa, Mastercard, Skrill, Neteller, and bank transfers, the minimum deposit is 100 EUR.
PHOENIX MARKETS offers deposits and withdrawals via Visa, Mastercard, Skrill, Neteller, and bank wire transfers. Deposit fees for card and e-wallet payments are around 2.15% while withdrawal fees are approximately 0.2%. Bank transfers have no fees but may take up to 7 days to process.
PHOENIX MARKETS supports the MetaTrader 4 trading platform, which is available on iOS, macOS, Android, and Windows. MetaTrader 4 is known for advanced charting, automated trading via Expert Advisors, and reliable execution.
PHOENIX MARKETS is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 203/13. It operates onshore in Cyprus and provides client fund insurance up to €20,000 through the Investor Compensation Fund. The broker is classified as a suspicious clone by WIKILIX, so users should exercise caution.
Still Need Help?

Can't find what you're looking for?

Our support team is here to help you get the answers you need.

Comments

Share your thoughts and experiences with PHOENIX MARKETS