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Licence record

PHOENIX MARKETS: FSCA licence 51523

Issuing authority
Financial Sector Conduct Authority
Jurisdiction
South Africa
Last checked
Aug 4, 2026

This is Wikilix's record of a licence issued by Financial Sector Conduct Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Sep 7, 2026

Licence Verification Record

Financial Sector Conduct Authority 51523

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

Holder
WGM Services Limited
Issuing authority
Financial Sector Conduct Authority
Jurisdiction
South Africa
Effective
Jun 10, 2021
Register status
Active

Checked Aug 4, 2026

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

wikilix.com/brokers/phoenix-markets/licenses/financial-sector-conduct-authority/51523Fields on file 7 / 11

Open PHOENIX MARKETSAll PHOENIX MARKETS licencesAbout FSCA
Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 2
Jurisdiction
South Africa
Last checked
Aug 4, 2026
Register says
Active

Finding

A South African financial service provider licence, FSP 51523, held not by WGM Services Limited but by Sanus Financial Services (Pty) Ltd, the company that runs the brand's non-EU site world.ezinvest.com. The register records the licence as authorised with the trading name FINANCIX, not EZInvest. The group publishes no verification link for it, so it has to be searched by hand on the FSCA register by FSP number. Client protection: Limited for non-South African clients. Conduct supervision under the FAIS Act, but no EU-style client money compensation scheme, no MiFID protections and no Investor Compensation Fund cover. Clients onboarded here are outside the Cyprus licence entirely.. Effective: 10 Jun 2021.

The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
51523
Register status
Active
Effective from
Expires
No expiry shown
The authority

About FSCA

Financial Sector Conduct Authority is the authority that issued this licence, and the jurisdiction it applies in is South Africa.

Full name
Financial Sector Conduct Authority
Jurisdiction
South Africa
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
1991
Oversight
A government or statutory body
Firms we track under it
19 firms
Regulates
Forex, Bond, Stocks, Fund, Derivatives, CFD
Licences it issues
ODP Category IIA – Principal & Agency OTC Derivatives
Typical cost of a licence
USD 50,000-100,000 + ~USD 270k capital
Public register
Searchable by the public
Transparency
High

FSCA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

FSCA's own rules for the firms it authorises.

  • Compensation schemeUp to ZAR 500,000
  • Complaints routeFSCA Dispute Resolution
  • Maximum leverage1:30
This describes the authority's regime, not how PHOENIX MARKETS applies it.
The holder

Who holds this licence

The licence above is recorded against PHOENIX MARKETS. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
WGM Services Limited
Based in
Cyprus
Wikilix score
54.1the firm’s overall score, not a rating of this licence

Wikilix has flagged PHOENIX MARKETS as a suspected clone of another firm. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences PHOENIX MARKETS holds

One other licence is on record for PHOENIX MARKETS.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

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.
Licence 51523 was issued by Financial Sector Conduct Authority (FSCA), the financial authority for South Africa.
PHOENIX MARKETS holds this FSCA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSCA register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates FSCA tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
Yes, FSCA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
This page links straight to the FSCA register. Search it for 51523, and for the name PHOENIX MARKETS rather than the trading brand.
PHOENIX MARKETS has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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