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Phoenix FX Trade

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Operating status: SCAM

Website: https://www.phoenixfxtrade.com/

Broker violations and abnormal records
  • 2023-12-18 The UK FCA issued a Warning against Phoenix FX Trade

    On 18 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Phoenix FX Trade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/phoenix-fx-trade

    On 18 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Phoenix FX Trade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/phoenix-fx-trade
  • 2023-12-18 BrokersView has Reviewed that ​Phoenix FX Trade is an Unregulated Broker

    According to its website, Phoenix FX trade claims are registered in the United States with registration number 11334188, but our investigation revealed that it is not licensed in the US, as no matching information was found in the National Futures Association (NFA).

    In addition, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Phoenix FX Trade was providing financial services or products in the UK without authorisation.

    The truth is that Phoenix FX Trade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.

    Phoenix FX Trade is a scam.

    According to its website, Phoenix FX trade claims are registered in the United States with registration number 11334188, but our investigation revealed that it is not licensed in the US, as no matching information was found in the National Futures Association (NFA).In addition, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Phoenix FX Trade was providing financial services or products in the UK without authorisation.The truth is that Phoenix FX Trade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.Phoenix FX Trade is a scam.