Phase Markets
We checked Phase Markets against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Phase Markets.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.