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.