Wikilix
Licence record

CySEC licence 203/13

Holder
PHOENIX MARKETS
Jurisdiction
Cyprus
Licence type
Market Making(MM)
Last checked
Aug 4, 2026

This is Wikilix's record of a licence issued by Cyprus Securities and Exchange Commission. 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 Aug 4, 2026

Licence Verification Record

Cyprus Securities and Exchange Commission 203/13

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

Issuing authority
Cyprus Securities and Exchange Commission
Holder
WGM Services Limited
Jurisdiction
Cyprus
Licence type
Market Making(MM)
Effective
Jun 14, 2013
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/licenses/cyprus-securities-and-exchange-commission/phoenix-markets/203-13Fields on file 9 / 11

Open PHOENIX MARKETSAbout CySEC
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
Cyprus
Last checked
Aug 4, 2026
Register says
Active

Finding

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.

Exhibit

Register screenshot, captured Aug 4, 2026
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
203/13
Licence type (Wikilix classification)
Market Making(MM)
Register status
Active
Effective from
Expires
No expiry shown
The authority

About CySEC

Cyprus Securities and Exchange Commission is the authority that issued this licence, and the jurisdiction it applies in is Cyprus.

Full name
Cyprus Securities and Exchange Commission
Jurisdiction
Cyprus
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
2001
Oversight
A government or statutory body
Firms we track under it
216 firms
Regulates
Forex, Stocks, Options, Derivatives, Commodity, Securities, Futures, CFD
Licences it issues
CIF – Own Account / Matched Principal (CFDs)
Typical cost of a licence
€50000-100000
Public register
Searchable by the public
Transparency
High
Protection

What this licence protects

CySEC's own rules for the firms it authorises.

  • Compensation schemeUp to €20000 (ICF)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeCyprus Financial Ombudsman
  • 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.
Evidence held
A screenshot of the register entry is on file.
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 203/13 was issued by Cyprus Securities and Exchange Commission (CySEC), the financial authority for Cyprus.
PHOENIX MARKETS holds this CySEC licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the CySEC 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 CySEC tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
This page links straight to the CySEC register. Search it for 203/13, 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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