✔️ Information reviewed and updated in April 2024 by Eduardo López
IS Phoenix24 RELIABLE? OPINIONS
In this post I will analyze Phoenix24.Is the Phoenix24 broker (also known as phoenix24.io) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I think Phoenix24 is an UNSAFE company AND I CONSIDER IT TO BE UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
| Information | About the company |
|---|---|
| (I.e. Company | FOREX CAPITAL MARKETS Ltd. |
| ???? Direction | United Kingdom |
| 📄 Registration | Mention being registered |
| 🛡️ Regulapain | Mentions being regulated by FCA (cloned firm) |
| ️ ️ Phone | Does not have |
| Does not have | |
| 🌐 Website | phoenix24.io |
| ???? Live Chat | No |
| ❓ Company type | Financial advice |
📞 LIST OF PHONE NUMBERS:
Does not have
💰 DEPOSITS AND ACCOUNTS:
Here is a small analysis of the account types that Phoenix24 offers; They are divided into 5 accounts. Here is a table with a little more information about minimum deposits by account type.
| account type | MINIMUM INITIAL DEPOSIT |
|---|---|
| Bronze | $10000 |
| Silver | $25000 |
| Gold | $50000 |
| Premium | $100000 |
| Platinum | $250000 |
🌐 WEBSITE – WEBSITE:
Below you can see the company's website:
When analyzing the Phoenix24 website we can notice that they offer educational resources, information about the different types of accounts, explanations about the products where the capital is invested and the location of the company.
It does make me a little nervous that they mention its regulation and it is a very insecure regulation.
Another unfavorable point is the location: it is in a very unsafe place, be very careful!
⭐ OPINION FROM Phoenix24:
After having carried out an analysis of the company, I have come to the following conclusions:
1) The company is located in an unsafe place.
2) It has a very bad regulation.
3) The company does not have seniority, it is a company without a track record.
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.
“To be honest with you, I would not invest in this type of company, it has many points against it, I do not recommend it. Everything seen indicates that Phoenix24 is not trustworthy and it is a very unsafe company.”
💬 USER REVIEWS:
I have found various negative reviews, complaints, complaints and negative feedback about Phoenix24. I honestly think they are a very unsafe option. In addition to this, you can find more comments and opinions from users and clients of the company at the end of this review.
Are you a Phoenix24 customer? Do you have something to tell me about them? I invite you to leave your opinion too!
📣 LATEST UPDATES:
1) Update March- 2023: la FCA, the United Kingdom's Financial Regulator, has denounced Phoenix24 for being a cloned firm.
✔️ CLAIM MONEY FROM Phoenix24:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can start money recovery.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT Phoenix24:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
Phoenix24 is a Financial Advisory company.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
Phoenix24 is a company that I consider NOT RELIABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to close your account write an email requesting it to the company's support email.
It is a company regulated by FCA (clone firm) which I consider to be a very unserious and safe regulation, be careful.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
Leave me a comment on this review, if you scroll down, at the end of the review you will find the comments section. Leave me a comment with your question and we will answer you as soon as possible.
I have some acquaintances investing with them, I'm afraid, I don't want to lose my savings or be scammed. do you have information? Thank you so much!.
Hello Rafael, Phoenix24 is a SCAM, we have received many complaints from investors, for not returning the money, you should never invest in a broker that does not have REGULATION.
They create many positive comments about themselves that are LIES! They want to confuse investors and pretend to be a legal company but it is all LIES! If you tell them about our articles, they say that we are part of the competition and that is also a lie! (We are dedicated to reviewing brokers).
When you want to withdraw your capital or your profits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.
If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you
Greetings.