Phoenixus Review – are they a scam or no?
| General Information | |
|---|---|
| Broker Name: | Phoenixus |
| Broker Type: | Forex |
| Country: | - |
| Operating Since (Year): | - |
| Regulation: - | - |
| Address: | - |
| Broker status: | Not regulated |
| Customer Service | |
| Phone: | - |
| Email: | - |
| Languages: | German, Spanish |
| Availability: | - |
| Trading | |
| Trading platforms: | MT4 |
| Demo account: | Yes |
| Mobile trading: | Yes |
| Web-based trading: | Yes |
| Bonuses: | No |
| Other trading instruments: | No |
| Account | |
| Minimum deposit ($): | $200 |
| Maximal leverage: | - |
| Spread: | - |
| Scalping allowed: | - |
The research provided us with no information about their whereabouts or their licenses, as well as their contact information, or license numbers. So our initial impression was that they are not to be trusted – and we were right. As you read this review, you will see why.
Phoenixus is an online broker. That’s all we know about them from their website. Instead of listing their legal documentation, they list their mission and values. This tells us a lot about their trustworthiness. Even their statements in “about us” are vague, which repeat the same words, messages, and vagueness throughout the whole page.
They call themselves the leading financial institution in Europe but fail to provide any kind of proof. On one page, they say they provide forex and CFDs, while on their assets page, they list almost every tradable asset online.
Phoenixus – No regulations, only KYC and AML
The first sign of a scammer broker is their lack of regulation and emphasis on Anti-money laundering laws and Know your customer policy. What does this mean? Well, they don’t want to be regulated by a real financial institution; thus they use the vagueness of AML and KYC for their advantage.
They will ask you to send their documentation, including a photo ID and pictures of your credit cards. Do not fall for this, as this is their way of stealing from you without any responsibilities afterward. Since you will willingly send documents to them, they have the right to use it against you in court. Scammers always do the same thing – so trust us when we say they are not real.
Phoenixus Scam – Account types
One thing that seems normal about Phoenixus is their regular amount of account types: four. They have a basic, silver, gold, and VIP account available for their traders.
Basic
- Minimum deposit: $200-3000
- Education: 3 sessions
- Assets: 100+
Silver
- Minimum deposit: $3000-10000
- Education: unlimited sessions
- Assets: 200+
- Signals: 5 VIP
- Withdrawals: 5 free
Gold
- Minimum deposit: $10000-50000
- Education: unlimited sessions
- Assets: 200+
- Signals: 5 VIP weekly
- Withdrawals: 10 free
VIP
- Minimum deposit: $50000+
- Education: 10 sessions
- Assets: 100+
- Signals: 3 VIP weekly
- Withdrawals: First free
Does anything look weird on this list? Well yes, the fact that the most expensive VIP account has the worst kind of advantages – only ten sessions, 100+ assets, 3 VIP signals, and only one free withdrawal. The basic one seems even better than this.
Why? Well, because they probably made a mistake while copy-pasting from some other broker. Or, they want you to think that VIP is not worth it and deposit to the Silver account to steal everything from you. After all, what kind of real trader would deposit $50,000 into an account that’s worse than the $3,000 one? None.
These types of brokers go after inexperienced traders who will deposit the minimum or close to it, only to take the money and never call them back. At this point, it’s very obvious – Phoenixus is a scam.
Assets and Trading Instruments – Scammers Phoenixus
Like every other scammer online, Phoenixus has a list of several assets with no actual information about them. The only information included in the general description of what each asset is, instead of writing what kind of real assets they offer, like bitcoin, majors, etc. The available descriptions are there to confuse the beginner traders and make them believe that this is all they need to know. So, when the account manager calls you, they will give you whatever information you need to hear about depositing. These are some of the regular scammer strategies.
Conclusion – If you want to get scammed, Phoenixus is for you
Conclusion – If you want to get scammed, Phoenixus is for youWe can’t say much other than we found an obvious scammer online – Phoenixus. Invest with them at your own risk since we a guarantee they will end up stealing from you.
Their reviews and comments online provide the same kind of information we gathered ourselves. They are liars and scammers – not even good ones.
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Spread
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Trading Instrument
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Slow withdrawals
Overall, this is a good broker except that their withdrawals have great delays. Very slow withdrawal process, it actually takes weeks before I got mine so I closed my account and looked for a new broker instead.
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Bad company
I got a cold call from this company. People are very arrogant. Have forced me to provide bank details over the phone.
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Worst company
Worst trading company. Avoid them.
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They don't let me withdraw
They are just after deposits and won’t let you withdraw money. I should know, I have traded with them and become a victim of their schemes.
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Worst services
Do not believe on whatever endorsement this broker have. Their services are really one of the worst I ever have in forex trading.
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Poor forex broker
There are so many restrictions even on withdrawals. Not a good broker to deal with. Poor signals and worst services.
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Unreliable service and signals
They seem to be a good forex broker at first however after several weeks of trading with them I notice consecutive losses. I quit trading with them right away, I can not rely on their signals and services.
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Poor services
Poor broker service. Do not trade with them.
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Slow customer service
Slow customer service. They do not attend to trading needs promptly, causing too much losses.
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Bad customer interaction
Bad customer interaction. Whether I talk to brokers or customer service, both are arrogant and rude.
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Bad trading company
Bad trading company. Avoid using their services.
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Do not trade with them
Save yourself from losing money. Do not be enticed by this broker’s offers. Do not trade with them.
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Poor trading signals
Poor trading signals and services. I was not able to get the support I needed from this broker company.
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Worst services
Do not believe on whatever endorsement this broker have.Their services are really one of the worst I ever have in forex trading.
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Scam-broker
Stay away from this scam-broker. They are fake and unregulated.
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Missing withdrawal
Please be warned not to join or even think about joining this broker. If you are with them I would advice closing account immediately. I am still waiting for the missing funds up til now. They said they will look into it but it’s been 3 freaking weeks still don’t have it.
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Poor trading results
A big and establish broker company but do not deliver good trading result. I get a few dollar profit which is very unacceptable.
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Disppointing broker service
Disappointed with this broker company. I get nothing but losses.
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Poor signals
Poor signals and bad customer service. Find a better broker, do not deal with this.
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Do not pay profit
They collect and collect money but never pay profit. Do not deal with them.
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Slow withdrawals
Slow withdarwals. Will never trade with them again.
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Not recommended
Not recommended. These are not good people to trade forex with. They are very arrogant and manipulating.
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Missing withdrawal
Please be warned not to join or even think about joining this broker. If you are with them I would advice closing the account immediately. I am still waiting for the missing funds up til now. They said they will look into it but it’s been 3 freaking weeks still don’t have it.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Do not trust
What they have is fake trading, do not trust them.
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Slow withdrawals
Slow withdrawals and difficulty getting through their customer service. I will never recommend this broker.
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Slow withdrawals
Very slow withdrawals and annoying customer service. Not recommended.
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Do not invest
Do not invest money here, it is not a good idea.
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Disappointing
I honestly don’t know what to expect in the succeeding weeks. My first week is very disappointing.
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Worst company
One of the worst broker companies, They do not honor their words.
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Terrible broker
Terrible forex broker. Do not use their services.
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Bad company
I got a cold call from this company. People are very arrogant. Have force me to provide bank details over the phone.
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Poor broker performance
Poor broker performance. As if they are not real brokers, they are not well-versed in online trading.
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Trading platform lags
The trading system is not user-friendly, it lags all the time. Why not upgrade it for a better experience? Could have been a good broker if not because of their faulty platform.
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Rude customer service
Rude customer service. They are very disrespectful.
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Not a good broker
Hi! Testing them for over a week now and as early as 1 week, it’s really a no. Not a good broker.
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Poor signals
One of the worst trading brokers I have traded with. Do not trust their signals.
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Unprofessional
People here are very rude and unprofessional. Do not deal with them.
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Waste of money
I regret joining this broker service. I only lose money and wasted my time for nothing.
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Not worth trading with
They are good in convincing people to add more money. But not really worth trading with.
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Delayed responses
Delayed responses from customer service. Sometimes they don’t even reply at all.
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Poor terms
Poor trading terms. They keep on changing it to prevent withdrawals.
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Delayed withdrawals
Delayed withdrawals. It is always like this, there is always a great delay.
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Trouble with withdrawal
I am in trouble requesting withdrawal. I’m gonna be closing my account and will never trade with this again.
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Scammers
Scammers! Do not invest money here.
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Good customer service
Customer service is good. They attend to trading needs promptly however signals are not that good. I am not gaining good profit and so I had to quit trading.
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Poor broker performance
I was able to observe some good points but there are more bad points that made me decide to close my trading account.
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Slow
Slow customer service and withdrawals. Not trading here again.
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No withdrawal process
No withdrawal process. They did not pay my profit.
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Bad services
Bad services. Do not trade here.
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Worst services
Do not believe in whatever endorsement this broker has. Their services are really one of the worst I ever have had in forex trading.
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Not recommended
I won’t recommend this forex broker. Not good to trade with, do not deal with them. They never let me withdraw my money and insisted on giving a lame reason for policies I have never heard of.
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Lost so much money on this
I advise everyone to take the time to read reviews prior to trading. I have traded with this broker and have lost so much money.
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Missing withdrawal
Please be warned not to join or even think about joining this broker. If you are with them I would advise closing the account immediately. I am still waiting for the missing funds up til now. They said they will look into it but it’s been 3 freaking weeks still don’t have it.
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Stay away
They ran away with my money. Stay away from them.
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Poor forex broker
There so many restrictions even on withdrawals. Not a good broker to deal with. Poor signals and has the worst services.
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Poor forex broker
There are so many restrictions even on withdrawals. Not a good broker to deal with. Poor signals and has the worst services.
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Poor trading results
A big and establish broker company but do not deliver good trading result. I get a few dollars profit which is very unacceptable.
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Not recommended
Won’t recommend this broker in any way. None of the services is good. I regret trading with them, have just lost so much money on their trading scheme.
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Scam-broker
Stay away from this scam broker. They are fake and unregulated.
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Poor trading signals
Poor trading signals and services. I was not able to get the support I needed from this broker company.
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Slow withdrawals
Very slow withdrawal process. I have waited too long enough.
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Do not approve withdrawals
It is not a good idea to invest money here. They will never approve withdrawal requests.
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Do not deal with them
Software are very confusing and signals are never accurate. Do not deal with them.
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Unreliable signals
They are the worst trading broker I have ever dealt with. Signals are unreliable.
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Slow services
Slow services and worst platform. Customer service are always very unresponsive. Not worth trading with.
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Do not invest
Do not invest money here, it is not a good idea.
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Avoid them
Avoid this broker by all means. They are not regulated.
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Fake brokers
Do not waste your money and time. They are fake brokers
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Do not trade here
Do not trade here. They do not approve withdrawals no matter what.
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Stay away from this broker
Totally a scam. Stay away from this broker.
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Do not deal
Negligent and very unprofessional broker. Do not work with them.
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Missing withdrawal
Please be warned not to join or even think about joining this broker. If you are with them I would advise closing the account immediately. I am still waiting for the missing funds up til now. They said they will look into it but it’s been 3 freaking weeks still don’t have it.
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Avoid them
Terrible trading services. Avoid them.
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Inefficient services
Bad trading services. All services are very inefficient.
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Not worth it
Irrelevant trading advice and inaccurate market analysis. Not worth it.
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Scam
It’s plain and simple. Nothing is real, it’s a scam.
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Slow withdrawals
Very slow withdrawals and annoying customer service. Not recommended.
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Avoid them
Avoid this broker by all means. They are not regulated.
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Bad brokers
Do not trade with this broker or else you won’t be able to get your money back. It happened to me and to some people I know who tried trading with them.
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Poor signals
Signals are not good. They are used to work on elsewhere, on freezing money I guess.
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Scammers
Scammers! Leave us alone.
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Slow withdrawals
Slow withdrawals. It took them almost a month. Had so many follow-ups.
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Slow withdrawals
Slow withdrawals. It took them almost a month. Had so many follow-ups.
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Bad customer service
Bad customer service. They are unhelpful and rude.
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Consecutive losses
I understand that there is risk in trading CFDs however I am a bit surprised that it will be that consecutive. I traded CFD with this broker and notice consecutive losses as if something is wrong with their trading platform.
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Rude customer service
Rude customer service. They are very disrespectful.
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Bad customer service
Bad customer service. They are unhelpful and rude.
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Poor signals
Poor signals and bad customer service. Find a better broker, do not deal with this.
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Not recommended
Not recommended. These are not good people to trade forex with. They are very arrogant and manipulating.
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Not worth trading with
They are good at convincing people to add more money. But not really worth trading with.
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Do not invest
Do not invest money here, it is not a good idea.
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Poor signals
One of the worst trading brokers I have traded with. Do not trust their signals.
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Worst services
Worst services. Do not trade with them.
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Scammers
Notorious scammers. Avoid dealing with them.
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Do not pay profit
They collect and collect money but never pay a profit. Do not deal with them.
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Not recommended
Not recommended. These are not good people to trade forex with. They are very arrogant and manipulating.
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Rude customer service
Rude customer service. They are very disrespectful.
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Rude customer service
Rude customer service. They are very disrespectful.
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Trouble with withdrawal process
I am having trouble on their withdrawal process. I did started so strong with this broker but I am so upset that upon withdrawal, all will turn out worst.
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Not a good deal
Not a good deal. I lose more money.
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Do not trade here
I was not able to get my money from this broker. Do not trade with them.
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Poor trading tools
Poor trading tools. I always encounter errors and technical problems.
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Not recommended
Unprofitable signals and poor trading services. Not recommended.
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Poor trading company
Poor trading company. Signals are unreliable.
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Bad services
Bad services. I will never trade with them again.
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Scam-broker
Stay away from this scam-broker. They are fake and unregulated.
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Lose huge money
I have lost huge money. I regret using their signals and services.
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Not good
Not a good broker, stay away from them. They will only ripped your wallet off.
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Lose huge money
I have lost huge money. I regret using their signals and services.
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Worst broker
They turned out to be the worst broker. They seem okay upon deposit but they become worst as I trade along.
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Slow withdrawals
Very limited payout channel and very slow withdrawal process. They make the process very difficult and almost impossible.
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Do not let me withdraw
They never let me withdraw anything. I started good but when I began to ask for a withdrawal, they charge me with violations I am not even aware of.
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Trouble with withdrawals
Been trading for a few months and I will be closing my account with them very soon. I have trouble withdrawing profit all the time.
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Slow withdrawals
Slow withdrawals. They’ve got the worst withdrawal process I have ever seen. I Will not recommend this broker to anyone.
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Lose huge money
I have lost huge money. I regret using their signals and services.
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Do not deal with them
Software is very confusing and signals are never accurate. Do not deal with them.
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Do not deal
Bad people and worst services. Do not deal with them.
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Scammers
Notorious scammers. Avoid dealing with them.
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Do not deal
They never process my withdrawals. Do not deal with them.
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Delayed responses
Delayed responses from customer service. Sometimes they don’t even reply at all.
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Delayed responses
Delayed responses from customer service. Sometimes they don’t even reply at all.
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Worst services
Do not be fooled by their false advertisements. They will tell all the good things about their services but nothing is true. Services are one of the worst.
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Cheaters
Do not trade with them. They are cheaters.
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Slow customer service
Slow customer service. They do not attend to trading needs promptly, causing too many losses.
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Bad broker service
Bad broker service. Very manipulative and do not listen to client concerns.
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Not good at all
Not recommended. Services, signals, and tools are not good at all.
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Rude customer service
Rude customer service. They are very disrespectful.
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Scammers
Scammers! Do not invest money here.
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Worst platform
Worst trading platform. The user interface is really very confusing.
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Do not process withdrawals
They will never process your withdrawals. It happens to me and my friends and can surely happen to anyone.
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Not recommended
I do not recommend this broker company. They are not good trading partners.
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Scammers
If someone from this company calls and asks for information, do not give any information. They are scammers.
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Fraud
Fraud broker company. They are fake so do not deal with them.
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Incompetent broker
Incompetent broker company. I get nothing but losses.
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Poor services
Slow customer service and delayed withdrawals. Do not deal with them, find a different broker to trade with.
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Unreliable broker
Unreliable trading broker. Do not deal with them.
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Horrible experience
Horrible Experience. They are proven to be scammers.
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Poor trading signals
Poor trading signals. I cannot trust and rely on them fully. Will never trade with this again.
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Difficult withdrawals
Slow and difficult withdrawals. As if they don’t want to pay a profit.
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Rude customer service
Rude customer service. They are very disrespectful.
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Inaccurate signals
Will never trade with them again. Signals aren’t accurate and not profitable as well.
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Inaccurate signals
They are not good trading brokers. They have a few signals that are not accurate.
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Slow customer service
Slow customer service. They do not attend to trading needs promptly, causing too much losses.
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Fake broker company
Not a real broker company. They even fake their names.
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Slow withdrawals
Slow withdrawals and poor customer service. Do not trade with them.
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Scammers
Scammers! Do not invest money here.
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Slow withdrawals
Very slow withdrawal process. I have waited too long enough.
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Slow customer service
Slow customer service. They are not good at all.
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Incompetent brokers
Incompetent brokers. I have used their services and it is no good at all.
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Cheaters
They cheat people. Stay away from them
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Do not approve withdrawals
It is not a good idea to invest money here. They will never approve withdrawal requests.
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Scammers
Do not do any transactions with them. Avoid giving them any information, they are scammers.
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Poor platform
There are so many issues with the platform. Not an ideal software to use.
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Bad broker
I had a hard time requesting a withdrawal. Bad trading broker.
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Bad broker company
I regret investing money with this broker company. I was not able to withdraw money.
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Pure gambling
Pure gambling. No one wins here.
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Bad people
Bad people. I am seeking help from the authorities to get my money back.
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Unable to withdraw
I had issues withdrawing money. Be careful not to choose this broker. A lot of trouble withdrawing money.
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Bad company
Bad broker company. Do not trust your money with them.
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Poor customer support
Support doesn’t even understand my queries and they never attend to my concerns. Poor customer support.
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Inaccurate signals
They are not good trading brokers. They have a few signals that are not accurate.
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Disappointed with this broker
I am truly disappointed when I traded with this broker. They have set very high standards as if services are all great. But extremely unhappy on actual trading, false promotions.
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Technical problems
They have brought to me nothing but problems. They are not profitable and yet there are so many technical problems on their platform.
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Not good trading results
I am comfortable trading with this broker customer service is approachable. However, the results are not really that good.
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Slow withdrawals
Super slow withdrawal process, very annoying. I gain profit however I am unable to withdraw them.
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Not impressive
Not a competitive broker for forex trading. Strategies are the usual, nothing new, nothing impressive.
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Difficult to withdraw money
This broker just ignores you when you want to withdraw your money. If you call them they just promise a payout in 24 hours. But nothing happens. This process is repeated for over 4 months.. and they just ignored me.
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Poor forex brokers
They do not show care and compassion to their trading clients. I felt like they are just after getting my deposits and after that, they seem uninterested.
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Useless services
Useless trading services. I honestly felt like it is better to trade on my own than use their services. An, by the way, I have lost so much money on this.
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Long withdrawal process
I experience so much hassle with my withdrawal request. I also waited very long for them to credit my money.
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Poor signals
I am not trading with them again. Poor broker signals and rude customer service.
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Poor forex brokers
Poor customer service. Slow withdrawal process. Inaccurate signals.
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Scam-broker
Stay away from this scam-broker. They have caused me so many miseries.
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Worst broker
Worst trading broker I have ever dealt with. Avoid dealing with them.
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Do not deal
Most of the trading advice is irrelevant. Do not deal with them.
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Poor services
Poor services. Not a good one to trade with.
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Worst services
The worst trading services I have ever seen. I will never recommend them.
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Poor signals
Poor signals and poor trading tools. I do not recommend this broker to anyone.
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Slow withdrawals
Slow customer service. Withdrawal is also slow.
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Not recommended
I will never recommend this broker to anyone. I experience consecutive losses here.
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Did not approve my withdrawal request
I was not able to get approval for my withdrawal request.
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Arrogant
Unhelpful customer service and arrogant brokers.
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Avoid this broker
Avoid this broker at all costs. They will just ripped off your wallet.
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Unreliable brokers
They cannot get things right. Unreliable brokers.
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Difficult withdrawals
Slow and difficult withdrawals. As if they don’t want to pay a profit.
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Expensive
The most expensive trading instruments. I end up paying more. Not worth trying.
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Fake brokers
Fake brokers. Nothing is real about this broker company.
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Poor trading tools
Poor trading tools. Get so many technical issues.
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Troubled with withdrawals
I had so much trouble requesting for withdrawals. I have gone through a very difficult withdrawal process.
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Poor withdrawal process
I cannot get my withdrawal with the same method as the deposit. They only have a few withdrawal options and have so many requirements.
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Worst withdrawals
Good trading terms but worst withdrawal process. I had so much trouble getting approval for my withdrawal request.
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Worst services
Good at first few months but services eventually becomes worst.
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Worst broker
Inaccurate trading instructions. I get so many losses because most of their advice goes against the market movements. Not a poor broker but the worst.
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Unable to withdraw
Once you deposit money here. You will never be able to withdraw.
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Annoying brokers
I find these brokers very harassing. They are very aggressive and persistently ask for more money, as if they wouldn’t take no for an answer. Very annoying.
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Rude customer service
They have multi-lingual support that I guess is also knowledgeable. The problem is, they are very rude and sounding unhelpful.
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Worst broker
Worst than I could ever imagine. I have lost huge money on this. Beware, do not trade with them.
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Poor broker service
Poor broker services. Slow withdrawals and unreliable signals. No good reason to recommend them.
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Not profitable
They are good in general, except that they only have fewer options to trade with and some are not profitable.
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Not recommended
I won’t recommend this broker. Let’s you think you win but take all your money. Don’t fall for this guys.
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Delayed withdrawals
Not a good broker service. Email and chat replies are delayed and even withdrawal comes with great delay.
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Stay away from them
Stay away from this broker service. You will never get anything but all losses. I’ve lost all my money with this forex broker.
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I am miserable due to losses
I was skeptical at first but I decided to give it a shot, I could have listened to my intuition instead. Now I am living a miserable life due to losses.
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Poor signals
Poor trading instructions. I never earn anything out of the signals.
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Deceiving forex trading policies
Very deceiving trading policies. They won’t explain everything at first and will just surprise you with restrictions later on.
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Rude customer service
They have the worst customer service among brokers, very rude and unwelcoming.
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Slow customer service
Slow customer service. They are not good at all.
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One of the worst
One of the worst trading brokers. I will not trade with them again.
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Do not trade with them
The worst trading broker I have ever dealt with. Do not trade with them.
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Stay away
Stay far away while you can. I am a victim of their trading scam.
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Worst experience
Worst trading experience. I have lost a fortune.
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Poor signals
Worst broker for online trading. Signals are poor.
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Poor services
Poor services. Not recommended for online trading.
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Poor signals
Signals are not worth it. Withdrawal is slow.
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Not worth it
Not worth my money and time. I will never trade with them again.
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Bad brokers
Bad brokers. They always call forcing me to deposit for more money.
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Unprofessional brokers
Very unprofessional trading brokers. Signals are not reliable and I can not depend on the services, too.
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Did not approve withdrawals
They did not approve my withdrawal request. For some lame excuses.
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Do not deal
Do not deal with these people. They are just after your deposits. I never had the support I needed.
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Worst services
Stay away from this trading company. Offers are not good and services are really worst.
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Unreliable
Unreliable trading brokers. Do not deal with them.
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Slow withdrawals
Slow customer service. Withdrawal is also slow.
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Scammers
Scammers. I was victimized by thier trading schemes.
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Poor services
Not worth trading with. Poor services.
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Unreliable signals
They are the worst trading broker I have ever dealt with. Signals are unreliable.
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Poor broker
Just a waste of money and time. Poor broker.
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Thieves
Thieves. They have deceived me and stolen all my money.
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Incompetent broker
Incompetent broker company. I get nothing but losses.
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Inaccurate signals
Inaccurate signals. They have let me lose a thousand dollars.
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Unprofessional
People here are very rude and unprofessional. Do not deal with them.
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Deny withdrawal request
They keep on denying my withdrawal request. I’m afraid I am not gonna be able to get my money with them.
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Rude
Rude and manipulative. They are forcing me to give out bank details.
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Lose my money here
I got a random call from them, invested a few dollars, and lose them. Good thing they were unable to pursue me add more money.
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Bad broker
I regret opening an account with them. They’ve just stolen my hard-earned money and now left me with nothing.
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Shady
This broker is shady. I am unable to search for the information they claimed.
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Notorious broker
Notorious brokers pretending to be good brokers but they really are not.
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Pitiful
Pitiful online services. Can’t even communicate well.
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Unhelpful
Extremely unhelpful. They are just after my money.
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Unregulated broker
I found out that they are an unregulated broker but it’s too late for me, I already lost huge money.
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Fake brokers
They are unregulated and have fake company information.
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Poor services
Poor services. I am not recommending them.
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Scam company
Scam company. Everything here is virtual and profit can not be withdrawn.
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worst ever
the worst brokr i have ever worked with. scammers
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yes! It is scam!
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