Fenix Trade: trading reviews, data analysis
Evaluation of Fenix Trade Activity
Fenix Trade company claims to be a well-known provider of contracts for difference and deserves to be called the best in the world. However, traders’ opinions about it are not so straightforward. Let’s conduct an inspection to determine how trustworthy the company is and whether it fulfills its obligations honestly.
Inspection of Fenix Trade Website
Fenix Trade trading platform has a multilingual interface, including a Russian version, indicating its active promotion in the Russian-speaking segment. At first glance, the company has been in existence for 14 years, but domain information suggests that the website was recently launched. Additionally, content theft from another broker, Plus500, has been discovered. The contact information on the website turned out to be fake, confirming user reviews.
Legal Information
Fenix Trade claims to be regulated by the Cyprus Securities and Exchange Commission, but in reality, the license belongs to another company. The absence of approval from the Russian Central Bank indicates that registration on this platform is associated with risks. Furthermore, when opening an account, clients are automatically redirected to Units Capital, leading to many negative reviews.
Promises to Traders
Fenix Trade offers advantageous deals using leverage. The website presents different account types with varying conditions. However, payout regulations and commission rates are not transparent, raising doubts among users.
Client Feedback
Reviews about Fenix Trade clearly point to its unscrupulousness. Clients have lost significant sums of money and ended up with nothing. There are also reports of the company attempting to disguise itself as other brokers and using their data to attract clients.
Traders’ Deception Methods
Fenix Trade employs various tactics to attract new clients and lure funds from them. They create the illusion of successful trading and then fail to pay out the winnings, justifying it with various reasons. The main goal is enrichment at the expense of clients’ trust.
Conclusion
The Fenix Trade project is a scam, and its activities do not align with the principles of fair trading. It is better to avoid dealing with such companies to prevent financial losses and disappointments. Be sure to share your experience and warn other traders of potential risks.