High Risk
Reported as a scam / unregulated
SF-702782registry entry
Why Phyx Trade is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.