Reported as a scam / unregulated
Why FIRE PHOENIX is on the register
According to its website, FIRE PHOENIX comes from London, England, and is managed by the British Chamber of Commerce and Industry and supervised by the US MSB (MSB registration number: 31000243370224). However, upon investigation, we found relevant information in CH, but no matching information was found in the Financial Conduct Authority (FCA), in other words, it is only registered with CH but is not regulated by the FCA. Furthermore, we found the matching information in the MSB, but MSB is only for currency exchange business, it cannot provide foreign exchange margin business, and it has no authorization and supervision authority for financial derivatives. The truth is that FIRE PHOENIX is not regulated by any regulators. Letting it hold or control any investors’ money is unsafe and the money cannot be protected by any laws. Therefore, FIRE PHOENIX is 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.