Attention! The company is suspected of fraud
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Phenixin positions itself as a safe and reliable broker that offers ample opportunities for trading major Forex currencies, cryptocurrencies, stocks and commodities. According to legend, the broker took care of the comfort of trading and deep liquidity, thanks to which orders are executed without slippage and forced requotation. In a comprehensive review, we will talk about the main facts that we were able to find out: the results of checking legal documents, reviews from real users, trading opportunities.
Basic facts about the broker
Phenixin does not provide information regarding experience in the financial markets. Even the founding date of the project is not indicated. There is only information that her net worth is more than $14 billion. According to legend, the company received an “A-stable outlook” rating according to Standard Poor’s. There is no confirmation that the organization provides honest information.
If you register on the platform, you will not be able to count on normal customer service. The company provided false contact information (telephone and address of the representative office in the Marshall Islands). We also managed to find out that the one listed on the platform is used by other fraudulent brokers, such as Fundexx and Infundex. These organizations have received negative reviews.
Thanks to a specialized service, we found out that www.phenixin.io was registered in April 2024. This is a new project, so the fact that there are only new reviews about it is quite logical.
Is it working legally or not?
The company says that its main office is located in the Marshall Islands. At the same time, Phenixin received licenses in the USA and Cyprus. There are no scanned copies of documents on the platform. As it turns out, the company is hiding this information for a reason. In fact, Phenixin has not received approval from the CySEC or the CFTC.
How does Phenixin offer you money?
There is no demo account for risk-free training on the Phenixin platform. When you register, you will need to select the appropriate tariff plan. Main features of the commercial offer:
- minimum deposit – from 100 to 50,000 dollars;
- maximum leverage from 1:20 to 1:200;
- bonuses – up to 1:100;
- support 24/7;
- commissions at $0;
- low margin;
- increased stock returns and high interest rates;
Depending on the chosen tariff plan, the company additionally offers investment research and analysis from Trading Central, a dedicated chief investment strategist, the latest market updates, etc.
Investor reviews
There are many negative reviews about Phenixin, but only on Russian-language forums. There is no information available on English-language sites yet. This is beneficial to the founders of the project, who continue to deceive users.
You can post reviews and share your personal opinion. This will help others make an informed decision.
How do you cheat at Phenixin?
Phenixin promises qualified support. However, in fact, company employees deliberately give false recommendations. If users follow these tips, they will quickly lose all their money. It is useless to file a claim because the scammers do not plan to bear financial responsibility and compensate for the damage. You will have to contact a chargeback service to obtain legal assistance. Lawyers’ services are expensive. As a rule, this is a certain percentage of the amount stolen by scammers.
Let’s sum it up
Phenixin is a scam company that will steal your money. This broker operates without legal documents and has no plans to fulfill the agreements. When the user becomes uninteresting to the company, its employees stop contacting the victim. The scammers will continue to operate until regulators block the Phenixin platform. Be careful not to become another victim of these scammers.
