The case coordinates for Phase Markets were fixed the moment an official warning list picked the operation up. Our review of the available trail supports that placement.
Position on the risk map
Phase Markets claims to be based in Vanuatu, but it does not state whether it holds a license from the Vanuatu Financial Services Commission (VFSC), which is the country’s official financial regulator. Upon checking the VFSC’s official list of licensed entities, we found no record of Phase Markets Ltd or any similarly named company. This indicates that the platform is not authorized to provide financial or forex trading services in Vanuatu. Moreover, our investigation uncovered no evidence of regulation by any other recognized financial authority elsewhere. Operating as an unlicensed forex broker poses significant risk to investors. Phase Markets appears to be a scam.
Red flags on the map
- Pressure to deposit more in order to unlock earlier deposits
- Appears on an official regulator or fraud-warning list
- No verifiable licence for the jurisdictions it targets
- Withdrawal friction: new fees or conditions appear at cash-out time
If you have funds with Phase Markets
Stop sending money immediately – especially any payment framed as a tax, unlock fee, or verification deposit. Preserve everything: transaction hashes, wallet addresses, receipts, chat logs and emails. The paper trail is what a recovery review runs on.
Cointiverse can chart where the funds moved and give you an honest read on whether a realistic path exists. Start a confidential case review – there is no obligation, and the first assessment is free.