Reported as a scam / unregulated
Why Phoenix is on the register
Phoenix does not disclose any regulatory information, and there is no verifiable company address or contact phone number available. The company merely claims to operate under the name Spectre Trading Limited, which is registered in Saint Vincent. Saint Vincent does not have a regulatory authority overseeing foreign exchange trading. Furthermore, the registration with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines refers only to an International Business Company (IBC) incorporation, which does not constitute financial regulation or authorization to conduct forex trading. As such, Phoenix is not regulated or licensed by any legitimate financial supervisory body to offer forex trading services, strongly indicating that it may be a fraudulent broker.
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.