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/10

PhaseForex

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.phaseforex.com/

Website

Rating Index

Contact

+90 212 991 19 86
https://www.phaseforex.com/
B1 359 28th October street,, WTC Cyprus - Trust Re Building, Limassol 3107

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
Phase Forex LTD
Email
info@phaseforex.com
Contact Number
+902129911986
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • phaseforex.com
    172.67.130.187
    Server Location
    United States United States
    ICP Registration No.
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    Top Visitor Locations
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    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

Note:PhaseForexe's official website:https://www.phaseforex.com/ is currently inaccessible normally.

AspectInformation
Company NamePhaseForexe
Registered Country/AreaCyprus
Founded Year2019
RegulationVFSC(Suspicious Clone)
Customer SupportPhone:+90 212 991 19 86Email:info@phaseforex.comAddress:B1 359 28th October street,, WTC Cyprus - Trust Re Building, Limassol 3107Social Media:https://www.linkedin.com/company/phaseforex

PhaseForexe Information

Founded in 2019 and with headquarters in Cyprus, PhaseForexe runs under dubious clone control under VFSC. The firm emails info@phaseforex.com and offers customer care over phone at +90 212 991 19 86. Their office is housed at B1 359 28th October Street, WTC Cyprus - Trust Re Building, Limassol 3107. They also keep up a LinkedIn social media profile at https://www.linkedin.com/company/phaseforex.

PhaseForexe Information

Is PhaseForexe Legit or a Scam?

Is PhaseForexe Legit or a Scam?
Vanuatu Financial Services Commission(VFSC)
Current StatusSuspicious clone
Regulated byVFSC
License TypeRetail Forex License
License No.40387
Licensed InstitutionPhase Markets LTD

Downsides of PhaseForexe

Phase Forex claims VFSC regulates them. This control, however, is believed to be a clone, which calls serious doubts about the broker's security and legitimacy.

The broker is classified as having a high potential risk due to its questionable regulatory attitude and possibility of involvement in fraudulent activities, which could damage traders' capital.

Users of the PhaseForexe website have reported that it is occasionally inaccessible, which would limit traders' capacity to operate their accounts, execute deals, and get support, so removing dependability and confidence in the broker's services.

Conclusion

PhaseForexe, a Cyprus-based unregulated broker with dubious clone control, seriously risks traders with its high potential risk profile and lack of corporate openness. These parts bring major questions regarding the dependability and security of trading with PhaseForexe. If traders wish a more safe and dependable trading atmosphere, they should most definitely make use of controlled brokers using honest approaches.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is PhaseForex safe and reliable?

Based on the WikiFX SkyEye Score of 1.52 and the regulatory assessment, PhaseForex presents a high-risk profile. The broker operates without direct, top-tier regulatory oversight, as its sole associated license is held by a holding company and is flagged as 'Unverified' by the Vanuatu regulator. This lack of credible, direct supervision, combined with a low overall score reflecting weaknesses in regulatory and risk control indices, indicates substantial reliability concerns.

04-09
United States

Is PhaseForex regulated?

PhaseForex itself is not directly regulated by a major financial authority. According to WikiFX data, the entity's regulatory link is through its holding company, Phase Markets LTD, which holds a Forex Trading License (40387) from the Vanuatu Financial Services Commission (VFSC). This license is currently listed with an 'Unverified' status. Therefore, the broker operates without verifiable, direct regulatory oversight for its core trading activities.

04-09
United States

What is the minimum deposit of PhaseForex?

The minimum deposit requirement for PhaseForex is not publicly disclosed. Traders should check the broker's official website or contact its support for the latest terms.

04-09
United States

Does PhaseForex support MT4 or MT5?

The WikiFX assessment indicates a software index score of 4.0, which suggests the broker offers at least one industry-standard trading platform. However, confirmation of specific platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5) is not available. Traders should verify the supported platforms directly on the broker's website.

04-09
United States
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