Phoenix FX

Regulatory & Licensing Information:

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• Regulatory Authority: Union of Comoros Finance Authority
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• License Number: L15610/PFX
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• Status: Regulated
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Verification:

• Broker's Claims: Phoenix FX Limited claims to be regulated by the Union of Comoros Finance Authority as an International Brokerage and Clearing House, holding license number L15610/PFX.
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• Verified Information: The Union of Comoros Finance Authority is not widely recognized among major financial regulatory bodies. Additionally, Phoenix FX Limited is not listed under the oversight of reputable financial regulators such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC).
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Regulatory Warnings:

• Issuing Body: Financial Conduct Authority (FCA), United Kingdom
• Date of Warning: December 13, 2023
• Details: The FCA issued a warning against Phoenix FX Trade, stating that the firm is not authorized to provide financial services or products in the UK and may be targeting UK residents. The FCA advises caution when dealing with this entity.