Pheonixus Review

General Information

  • Broker Name: Phoenixus
  • Broker Type: Forex
  • Country: N/A
  • Operating Since (Year): N/A
  • Regulation: N/A
  • Address: N/A
  • Broker status: Not regulated

Customer Service

  • Phone: N/A
  • Email: N/A
  • Languages: German, Spanish
  • Availability: N/A

Trading

  • Trading platforms: N/A
  • Demo account: Yes
  • Mobile trading: Yes
  • WebN/Abased trading: Yes
  • Bonuses: No
  • Other trading instruments: No

Account

  • Minimum deposit ($): $200
  • Maximal leverage: N/A
  • Spread: N/A
  • Scalping allowed: N/A

Pheonixus Review – beware of a brand new scam broker.

It was nearly impossible to find adequate information on the broker, even on its website. Pheonixus’ webN/Apage is all pretty and lovely. However, the information provided there is not enough to ensure us in its trustworthiness. Read our Pheonixus review carefully to see why we do NOT recommend this broker for trading.

Pheonixus Review: About Pheonixus

Trading Accounts and Conditions

Pheonixus does not reveal too much about itself, so it is incredibly hard to find information about it. The broker has created the perfect ground for scammer opportunities.

Here are our impressions of this anonymous, unregulated broker, after we made a thorough research on the company and tested its platform.

Why don’t we like the broker?

There are a variety of reasons that someone can dislike a broker. Some reasons are simple, like not a suitable trading platform, or the trading tools are not satisfying enough. However, in this case, we are talking about something much more severe. We dislike the fact that the broker is trying to scam people. Luckily, Pheonixusis not smart enough to hide all its lies and tricks from our detective’s eyes.

The unknown company, no legit license

We will start with the most severe red flag regarding Pheonixus. It is an anonymous company, and it lacks financial regulation. The broker’s website lacks any information whatsoever on the company behind the operation, its headquarters, corporate background, history, etc. Very suspicious.

The missing regulation brings the most crucial aspect of a brokerage – the safety of clients’ funds. If the broker hides information from you, that means there’s something fishy going on there. There is virtually no way you can file a legal action against them, and no authority you can turn to. Many unregulated brokers are engaged in various types of investment scams.

That being the case, we should mention that many unregulated brokers are engaged in various.

Account types

Basic

  • Basic Account Type
  • $200 Minimum Deposit
  • $ 200 – $ 3000
  • 3 trading and educational sessions with senior analyst
  • access to 100+ assets

Silver

  • Standard Account Type
  • $3,000 Minimum Deposit
  • $ 3000 – $ 10000
  • unlimited trading and educational sessions with senior analyst
  • access to 200+ assets
  • 5 VIP signals
  • 5 withdrawals for free

Gold

  • Advanced Account Type
  • $10,000 Minimum Deposit
  • $ 10000 – $ 50000
  • unlimited trading and educational sessions with senior analyst
  • access to 200+ assets
  • 5 VIP signals weekly
  • 10 withdrawals for free

Pheonixus Review: Trading Accounts

Vip

  • Advanced Account Type
  • $50,000 Minimum Deposit
  • $ 50000+
  • 10 trading and educational sessions with senior analyst
  • access to 100+ assets
  • 3 VIP signals
  • first withdrawal for free

Nothing special about those accounts. Very basic and no demo account to try them out.

Trading conditions not disclosed, no demo.

Another worrisome sign regarding Pheonixus is the broker doesn’t provide many details about the trading environment they provide. Its website only features information on the initial investment amounts. Potential clients of the broker are unaware of the leverage levels provided, withdrawal fees, trading costs, transfer fees, etc.

Pheonixus Website

Furthermore, Pheonixus does not provide a free testing service either. Thus, we can safely conclude that the broker is not transparent about its pricing and offer. These are signs of a scammer.

No binding legal documents

Another sign is that there are no Terms and Conditions, nor a Client Agreement to agree with. Without regulatory oversight and binding documents between the broker and the client, the company is pretty much free to conduct business as it sees fit.

Trading At Your Fingertips

Conclusion: Scam! Scam! Scam!

Pheonixus’ website looks very professional, colorful, and userfriendly. Unfortunately, it’s a lie.

The broker has the potential to mislead many traders, especially if one gets to see their platform. However, this forex broker lacks what is most important in the world of online trading: reliability. With no legit license, nor even a company name, Pheonixus immediately goes to the scam brokers section.

If you are too lazy to read the whole review, here are some ballpoints for you

Cons

  • Anonymous & unregulated broker
  • Trading conditions not disclosed
  • Not enough information on anything
  • No demo
  • Nonexistent MT4
  • No binding documents

Considering the above, you’d better not waste your time and money on any such dubious websites, and find yourself a trustworthy and regulated broker instead.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 1 (10 reviews)