Check › Broker register › Phyx Trade
AC-502504
Phyx Trade
⚠ Flagged on the register · High risk
We checked Phyx Trade against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
⚑ Offshore / shell registration
What we found
Phyx Trade fails to provide even the most basic regulatory credentials. The only information we could find on its website is that it is registered in Saint Lucia and India. We then found this company's name only in the database of the Saint Lucia International Financial Centre (IFC). However, please note that the IFC neither regulates nor licences forex trading activities. Essentially, this registration merely grants International Business Company (IBC) status, which is not a valid financial licence. Therefore, Phyx Trade appears to be 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 Phyx Trade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.
Beware recovery scams. After a loss, fraudsters often return posing as “recovery agents” who guarantee your money back for an up-front fee. AskCheck is a free public checker — we don’t recover funds and we don’t guarantee funds can be recovered. Never pay anyone who promises a guaranteed recovery.