Review summary
PHYXTRADE LTD, operating under the brand PHYX TRADE, was established in the United Kingdom within the last 1–2 years. The broker offers two account types: ALPHA, featuring spreads from 0.0 pips and a $500 minimum deposit, and ADVANTAGE, with spreads from 1.2 pips and a $300 minimum deposit, both capped at a maximum leverage of 1:30. Trading platform details (such as MT4 or MT5) are not disclosed. According to WikiFX, the broker holds no valid forex license from any authoritative regulatory body, and its overall WikiFX score stands at a low 1.21, reflecting significant concerns. Public exposure reports highlight issues regarding withdrawal difficulties and allegations of deceptive practices. The absence of regulatory oversight means traders lack access to any financial compensation or dispute resolution mechanism, posing substantial risks. Potential users should carefully weigh the unregulated nature of this entity before considering any engagement. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-15)
