Phoenix
We checked Phoenix against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Phoenix does not disclose any regulatory information, and there is no verifiable company address or contact phone number available. The company merely claims to operate under the name Spectre Trading Limited, which is registered in Saint Vincent. Saint Vincent does not have a regulatory authority overseeing foreign exchange trading. Furthermore, the registration with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines refers only to an International Business Company (IBC) incorporation, which does not constitute financial regulation or authorization to conduct forex trading. As such, Phoenix is not regulated or licensed by any legitimate financial supervisory body to offer forex trading services, strongly indicating that it may be a fraudulent broker.
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 Phoenix.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.