Warning: Is PhoenixTB a Scam?

PhoenixTB (phoenixtb.io) Review

Our team strongly warn you to steer clear of PhoenixTB (phoenixtb.io).

We found that the company name is Lerekki Limited, it is located at Republic of the Marshall Islands & EY Canary Wharf 25 Churchill Pl, London E14 5EY, United Kingdom, the phone number is '+14184740937, and the support email is support@phoenixtb.io.

PhoenixTB appears to be a investment platform, but it appears illegal by any credible commission, such as the FCA or SEC.

Cannot Withdraw from PhoenixTB?

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Is PhoenixTB Safe?

Our investigation shows that PhoenixTB lacks a valid license.

Trading with unregulated entities is highly risky. Legitimate firms are must be authorized with agencies like the FINRA or FCA for your protection.

PhoenixTB operates without this protection. As a result, there is no safety net if they steal your money. Most online scams involve unregulated entities, and recovering money from them is challenging without expert help.

For instance, in the UK, unlicensed firms are outside the jurisdiction of the compensation schemes. In America, they are not members of regulatory bodies, so your money is at risk.

Common Scam Tactics

Online trading fraud is evolving. Criminals use social engineering to take your savings. Here are common methods seen in sites similar to PhoenixTB (phoenixtb.io).

Pig Butchering & Romance Scams

"Pig Butchering" is a brutal tactic where scammers build trust over weeks. They build a relationship on social media. Once trust is built, they mention a "lucrative" investment. It is a lie to get you onto a fake platform like PhoenixTB.

The "Bonus" Trap

Scammers create websites that mimic real trading apps. You see graphs and profits that increase. But it is a game. The broker manipulates the numbers to convince you to deposit more. When you try to withdraw, the "profits" are gone.

Red Flags

• Unsolicited Contact: They call you from "brokers" out of the blue.
• No License: The firm has no authorization.
• Guaranteed Profits: They promise huge profits with no risk.
• Cannot Withdraw: You cannot get your money out. They ask for "tax fees" before releasing funds.
• Aggressive Sales: Agents pressure you to invest bigger amounts.

Do not trust fake reviews. Fraudulent brokers frequently post their own positive reviews to appear real.

Verdict

We advise against PhoenixTB. It is likely a scam. Save your funds and use a regulated broker. Avoid phoenixtb.io at all costs.