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Suspicious Clone
Score
1.46 /10
Danger
PhaseForex
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.62
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
3
Previous Detection :
2024-11-17
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The VanuatuVFSC regulation (license number: 40387) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Note:PhaseForexe's official website:https://www.phaseforex.com/ is currently inaccessible normally.
| Aspect | Information |
| Company Name | PhaseForexe |
| Registered Country/Area | Cyprus |
| Founded Year | 2019 |
| Regulation | VFSC(Suspicious Clone) |
| Customer Support | Phone:+90 212 991 19 86Email:info@phaseforex.comAddress:B1 359 28th October street,, WTC Cyprus - Trust Re Building, Limassol 3107Social Media:https://www.linkedin.com/company/phaseforex |
PhaseForexe Information
Founded in 2019 and with headquarters in Cyprus, PhaseForexe runs under dubious clone control under VFSC. The firm emails info@phaseforex.com and offers customer care over phone at +90 212 991 19 86. Their office is housed at B1 359 28th October Street, WTC Cyprus - Trust Re Building, Limassol 3107. They also keep up a LinkedIn social media profile at https://www.linkedin.com/company/phaseforex.
Is PhaseForexe Legit or a Scam？
 | Vanuatu Financial Services Commission(VFSC) |
| Current Status | Suspicious clone |
| Regulated by | VFSC |
| License Type | Retail Forex License |
| License No. | 40387 |
| Licensed Institution | Phase Markets LTD |
Downsides of PhaseForexe
Phase Forex claims VFSC regulates them. This control, however, is believed to be a clone, which calls serious doubts about the broker's security and legitimacy.
The broker is classified as having a high potential risk due to its questionable regulatory attitude and possibility of involvement in fraudulent activities, which could damage traders' capital.
Users of the PhaseForexe website have reported that it is occasionally inaccessible, which would limit traders' capacity to operate their accounts, execute deals, and get support, so removing dependability and confidence in the broker's services.
Conclusion
PhaseForexe, a Cyprus-based unregulated broker with dubious clone control, seriously risks traders with its high potential risk profile and lack of corporate openness. These parts bring major questions regarding the dependability and security of trading with PhaseForexe. If traders wish a more safe and dependable trading atmosphere, they should most definitely make use of controlled brokers using honest approaches.
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