PhoenixForex is an Introducing Brokers of WorldWide Markets. WorldWide Markets, Ltd. is a financial services technology firm which builds online trading and risk management solutions for Forex-Spot and Options, Gold, Oil and other Securities Indices. The company was founded by two leading e-commerce financial services executives with over 50 years of experience. The executives founded FX Solutions, which was named to the Inc. 500 list of fastest growing private companies for three consecutive years, 2005 to 2007. They are also co-founders of the algorithmic trading firm, Financial Labs, which was purchased by the Bank of America in 2006. The founders were recognized for their accomplishments with such distinguished awards as the Ernst & Young Entrepreneur of the Year in New Jersey in 2009.
The trading platforms offered by PhoenixForex/WWM are superior in terms of pricing transparency, trade execution, automation of tasks, and the ability to fully customize the trading interface. Proprietary back office, trading client, and CRM modules will be seamlessly integrated to ensure that management, customer service personnel, counterparties and risk management have a single integrated view of the business in real-time.
PhoenixForex/WWM has a strong regulatory framework and is regulated by the British Virgin Islands Financial Services Commission. The company is licensed under Category 1 – Dealing in Investments, Sub-category A – Dealing as an Agent and Sub-Category B – Dealing as a Riskless Principal, under Section 6 of the Securities and Investment Business Act legislation.
PhoenixForex was founded by a group of market professionals with extensive experience in the Forex industry. Our priority at PhoenixForex is to educate our customers on profitable Forex trading strategies. Therefore, we provide a full range of Forex educational products and services which will help self-direct traders make well informed decision and improve their trading performance.
WorldWide Markets is regulated by the British Virgin Islands Financial Services Commission (“BVI FSC”) and is thereby required to meet certain financial standards, including capital adequacy requirements. In addition, the BVI FSC requires and WorldWide Markets has obtained professional indemnity insurance. All customer funds are maintained in a reputable bank, Scotiabank British Virgin Islands, which is part of Scotiabank and one of seven banks authorized by the BVI FSC. Scotiabank is one of North America’s premier financial institutions; the bank holds over $500 Billion in assets and serves over 18 million customers in more than 50 countries around the world.
All WorldWide Markets customer data is appropriately encrypted during transmission. In addition, the company uses a layered approach of overlapping controls, monitoring and authentication to ensure security of data, network and system resources. WorldWide Markets provides strong and resilient e-commerce security, and is Payment Card Industry Data Security Standard compliant.