PhenoFX's Official Website Cannot Be Accessed Normally At This Time. The Company Appears To Have Gone Out Of Business. Therefore, We Can Only Gather Some Relevant Information For Reference Only.
2022-07-25 Ontario OSC Adds PhenoFX To Warning List
On July 25, 2022, The Ontario Securities Commission (OSC) Issued A Warning That PhenoFX Is Not Commercially Registered In Ontario To Engage In Securities And Derivatives Trading Business. You Can Visit The Following Website For Details: Https://www.osc.ca/en/investors/warnings/phenofx
2022-07-27 We Have Confirmed Upon Review That PhenoFX Is An Unregulated Forex Broker
PhenoFX Claims To Be A Reliable Broker, But Does Not Provide Any Information About Its Regulation. The Lack Of Such Important Information Can Be A Clear Signal For An Unlicensed Trader, As A Regulated Trader Always Displays Its Certification And License To Operate In A Prominent Position. This Is A Red Flag.
PhenoFX Provides Very Few Contact Details On Its Website, Except For A Phone Where Attribution Is Located In Australia. So We Searched The Australian Securities And Investments Commission (ASIC), But Did Not Find A Match With This Trader. This Means That Pheno Is Not Authorised To Provide Financial Services In Australia.
Additionally, The Ontario Securities Commission (OSC) Has Issued A Warning That PhenoFX Is Not Commercially Registered In Ontario To Engage In The Business Of Trading Securities And Derivatives.
The Fact Is That PhenoFX Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Dealer Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Due To The Inability To Access This Broker's Website At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That PhenoFX Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: PhenoFX As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
