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Phyx Trade
Operating status: SCAM
Website: https://phyxtrade.com/
Broker violations and abnormal records
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.
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.
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