Fenix Securities Review – Is Fenix Securities a Legit Broker To Trade With?

Fenix Securities: Legitimate Broker or Scam?

Fenix Securities LLC, a New York-based brokerage firm for securities and bonds, is registered. It is registered with the US Securities and Exchange Commission, FINRA and National Futures Association (NFA).

Everything was checked and found to be valid. Fenix Securities regulations are quite heavy. For our case, the most important thing to stress is that the US broker-dealer uses only this domain: https://www.fenixsecurities.com/

As for the other two we found (http://fenixsecurities.site/ & http://fenixsecurities.eu/), they actually belong to the Bulgarian company LoyalTech Ltd from Sofia. This is a hoax.

These websites were created by a mastermind scammer who disguised himself as an American broker licensed in the USA, deceiving American traders.

These two domains are not regulated. If the broker goes away, all trader assets are lost. This can only be avoided if the broker has been SEC-regulated like Fenix Securities.

Trusting licensed US brokers and Tier 1 providers operating under the jurisdictions of ESMA or the FCA, ASIC/FINMA, ASIC, FINMA, FINMA, etc. is better.

Two bogus websites are used by the imposter to pretend to be Fenix Securities. This allows him to infiltrate the US market and deceive unsuspecting traders. Victims also came from Argentina, Brazil, Poland, Argentina, and Peru.

Fenix Securities: Terms of trade

Broker-dealers are licensed to offer options, bond, and equity trading. Since it is SEC-regulated, we believe in its legitimacy.

The fraudster, on the other hand, claims that he offers Forex, crypto, and CFD trading. These are the alleged assets available:

• Currency pairs;
• Indices;
• Commodities;
• Shares;
• Cryptocurrencies.

Spreads offered by Fenix Securities start at 2 pips. This is not good considering the industry standard of 1.5 pips. Commissions are not known.

However, the leverage cap is set at 1:200. This is another sign that the broker may be illegal. Retail clients are allowed to leverage up to 1:50 in the US.

We couldn’t view the Fenix Securities trading account specifications because the websites were down. We found out from other sources that there were six.

Minimum deposit 250 $ is required for the Student account. Spreads are 3 pip. The VIP account is 100,000 $. A Islamic account was also available.

You won’t be able to try it out because the scammer isn’t patient enough. He will force you to make an immediate investment and put your life at risk.

Fenix Securities does not offer a demo account. For training purposes, legitimate brokers will always offer clients a free demo account.

We found out that Fenix Securities accepts only payments made from debit or credit cards processed by shady third parties such as pay.api.pay.net.

There are no fees associated with the minimum deposit of 250 $. There are no withdrawal limits. All Fenix Securities withdrawal requests have been denied, according to reviews and complaints.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – FXrally, PixPal, Palmer Finance Company.

FXrally Reviews – Share Your Experience

Trustpilot users have left negative feedback and complained about the broker. We found out that the domains we listed were not the only ones. This is alarming. Below are some comments that will make you scream for scammers:

Fenix Securities is scam. They are trying to lure you into investing more and more. Withdrawing is not possible. They even faked an email address from blockchain so seem legit…

Fenix Securities: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Fenix Securities. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Fenix Securities!