General Information
Customer Service
Trading
Account
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 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.
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.
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.
Basic
Silver
Gold
Vip
Nothing special about those accounts. Very basic and no demo account to try them out.
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.
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.
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.
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
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.
In a world where economic uncertainty looms, and geopolitical tensions persist, investors often turn to precious metals as a reliable…
Key points: Apple collaborates with Taiwan Semiconductor to create AI chips for efficient data centre operations. Despite a 4% revenue…
Key Points Bitcoin's support is $63,350, with further levels at $62,800 and potential dips to $60,800. Key resistance at $64,500;…
Key Points: Amazon Web Service (AWS) has committed $8.87 billion to enhance data centre capabilities in Singapore over the next…
Key Points USD weakness fuels GBP surge; Dovish Federal Reserve Comments Hint at Possible rate cuts, boosting GBP/USD to 1.2560.…
Key Points: Brent oil futures increased by 0.5% to $83.73/barrel, and WTI up 0.6% to $78.56/barrel. Israeli military action in…
This website uses cookies.
View Comments
Avoid this broker by all means. They do not pay off profit and are very rude.
Do not invest with this broker company. They are very unprofessional when it comes to withdrawals.
Poor customer service. I am not happy with any of their services.
Bad broker company. Stay away from them.
I was scammed by this broker. I am unable to withdraw.
Bad people. I was called and trick to deposit. I have lost all my money here.
Cheater-broker. They keep on changing trading terms to block withdrawals.
I was not aware of how awful the services are until I have traded with them. A lot of technical issues and customer service are not helping at all.
Do not pay a profit. Do not trade here.
It is a NO for this broker company. They are dishonest and not worth my trust.