PhenoFX Review : Fees, Pros and Cons, Reviews by Real Traders

PhenoFX

Operating status: SCAM

Website: https://phenofx.com

Broker violations and abnormal records

Jul 24, 2022 The Ontario OSC Added PhenoFX into Its Warning
On 25 July 2022, the Ontario Securities Commission (OSC) issued a warning that PhenoFX is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/phenofx

On 25 July 2022, the Ontario Securities Commission (OSC) issued a warning that PhenoFX is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/phenofx
Jul 26, 2022 BrokersView has Reviewed that PhenoFX is an Unregulated Forex Broker
PhenoFX claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated broker always present their accreditations and licenses in a prominent position. It is a red flag.
PhenoFX offers little contact on its website, except for an Australian telephone number. So we searched the Australian Securities & Investments Commission(ASIC) but found no matching result. That means Pheno is not authorized to provide financial services in Australia.
Moreover, the Ontario Securities Commission (OSC) issued a warning that PhenoFX is not registered in Ontario to engage in the business of trading in securities.
The truth is that PhenoFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

PhenoFX claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated broker always present their accreditations and licenses in a prominent position. It is a red flag.PhenoFX offers little contact on its website, except for an Australian telephone number. So we searched the Australian Securities & Investments Commission(ASIC) but found no matching result. That means Pheno is not authorized to provide financial services in Australia. Moreover, the Ontario Securities Commission (OSC) issued a warning that PhenoFX is not registered in Ontario to engage in the business of trading in securities.The truth is that PhenoFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

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