High Risk
Reported as a scam / unregulated
SF-707728registry entry
Why Phoenix Brokage is on the register
Phoenix Brokage claims to be regulated by the Estonian Financial Supervision Authority (EFSA), but there is no regulatory information about Phoenix Brokage can be found on the EFSA registry, as well as on any other financial regulators’ websites. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam 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 to the right next step. 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.