About Phoenix Markets24 (phoenixmarkets24.com)
Phoenix Markets24 offers online financial services but holds no licence from any trusted regulator such as the FCA.
The firm lists an address N/A, phone N/A, email support@phoenixmarkets24.com, and says it is run by N/A. We review these claims to see if Phoenix Markets24 is genuine or just another scam.
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Is Phoenix Markets24 Legit or a Scam?
Unregulated brokers are high-risk. Without oversight from bodies like the SEC, FCA, ASIC, there is no guarantee of fair practice or fund protection.
Phoenix Markets24 appears to work outside this safety net, leaving clients with little recourse if things go wrong.
Common Online Scam Tricks
Fraudsters often use romance “pig-butchering,” fake trading dashboards, and fake testimonials to lure victims into depositing more money.
- Unsolicited Contact: Cold calls, random texts, or social DMs.
- No Licence Number: Regulator search shows nothing.
- Huge Return Promises: Guaranteed daily profit is a warning sign.
- Blocked Withdrawals: Extra “fees” demanded before payout.
Steps After a Scam
- Cut Contact with the platform immediately.
- Alert Your Bank and request a chargeback or recall.
- Save Evidence (screenshots, emails, chat logs).
- Report to your local cyber-crime unit or the FBI IC3.
Stick to licensed platforms, double-check claims, and never rush deposits.