Phase Tech
We checked Phase Tech against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Phase Tech is not a reliable broker for traders even though it states offers that look good to be true. Phase Tech claims to be owned and operated by Phase Tech Limited, a company overseen by the Vanuatu Financial Services Commission (VFSC) with license number: 40387. We indeed find a match result to the license number in VFSC, but the number belongs to a company named "Phase Markets Ltd" not "Phase Tech Limited". What's more, as this regulator provides neither authentication details nor domains of the registered company for traders to verify, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Phase Markets Ltd. The truth is that Phase Tech is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is 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 Tech.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.