WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Fenix Securities

United States|2-5 years|
Suspicious Scope of Business|High potential risk|

https://fenixsecurities.site/

Website

Rating Index

Contact

support@fenixsecurities.online
https://fenixsecurities.site/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-11-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Fenix Securities · WikiFX Survey

Users who viewed Fenix Securities also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Neex

9.11
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Vantage

8.65
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FBS

8.77
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Fenix Securities · Company Summary

Note: Fenix Securitiess official site - https://fenixsecurities.site/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Fenix Securities Review Summary
Registered Country/Region United States
Regulation No regulation
Trading Products Securities
Demo Account Unavailable
Leverage 1:200
EUR/ USD Spreads 2 pips
Trading Platforms Web-based trading platform
Minimum Deposit $250
Customer Support Email

What is Fenix Securities?

Fenix Securities is a trading platform that offers the trading of securities, along with a maximum leverage of 1:200 and a spread of 2 pips. However, it is important to note that as of now, Fenix Securities does not have any valid regulation, indicating a lack of oversight from government or financial authorities. Additionally, their official website seems to be inaccessible, which raises concerns about the credibility and reliability of the trading platform.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons

Pros Cons
• N/A • Website is unavailable
• No demo account provided
• No regulation
• Limited contact channels
• High spreads
• High minimum deposit

Fenix Securities Alternative Brokers

There are many alternative brokers to Fenix Securities depending on the specific needs and preferences of the trader. Some popular options include:

  • Rakuten Securities - A leading online brokerage firm providing a wide range of financial services and investment options to clients globally.

  • ACY Securities - A trusted Australian-based online brokerage offering advanced trading technology, competitive spreads, and a diverse range of financial instruments.

  • Monex Securities – A reputable global brokerage firm offering comprehensive trading solutions, innovative platforms, and access to various markets for investors seeking a robust investment experience.

Is Fenix Securities Safe or Scam?

Fenix Securities currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of Fenix Securities is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with Fenix Securities, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Trading Products

Fenix Securities offers the trading of securities. Security trading refers to the buying and selling of financial instruments known as securities. Securities are tradable financial assets that hold value and represent ownership or debt in a company or government entity. Examples of securities include stocks, bonds, mutual funds, options, and futures contracts. Security trading can take place on various financial markets, including stock exchanges, commodity exchanges, options exchanges, and over-the-counter (OTC) markets. Trading can be done by individuals, institutional investors, or through brokerage firms. It can be conducted manually by making phone calls or electronically through online trading platforms.

Leverage

Leverage

Fenix Securities offers a maximum leverage of 1:200, which means that for every $1 of capital, a trader can control $200 worth of securities. Leverage allows traders to amplify their potential returns on investment by using borrowed funds. It essentially magnifies both profits and losses.

However, it is important to understand that high leverage also involves higher risks. While it has the potential to boost profits, it also amplifies losses. If the market moves against a leveraged position, losses can accumulate rapidly and even exceed the initial investment. This is why it is crucial to exercise caution and careful risk management when trading with leverage.

Spreads & Commissions

Fenix Securities offers a spread from 2 pips, which refers to the difference between the buying and selling price of a currency pair. The spread represents the cost that traders incur when executing trades through the brokerage. In this case, the spread offered by Fenix Securities is half a pip above the industry average.

Having a higher spread can be considered less favorable for traders, as it increases the cost of trading. A narrower spread would allow traders to enter and exit positions more efficiently, minimizing the impact of the spread on their overall profitability. However, it is worth noting that the spread may vary depending on the currency pair and market conditions.

Besides, due to the unavailable website, there is no access to find out the commission of Fenix Securities.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Fenix Securities 2 pips N/A
Rakuten Securities 0.5 pips None
ACY Securities 0.0 pips 2.5 per lot
Monex Securities N/A Variable

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

Fenix Securities offers web-based trading platform for its clients. Fenix Securities's website presents a range of images displaying a fully functional web trading platform, which creates an expectation of comprehensive trading services for potential users. However, upon completing the registration process and accessing the platform, users have encountered a significant discrepancy. Instead of the anticipated trading platform, they are met with a simplistic chart that solely provides information on the current Bitcoin prices. This chart lacks essential trading functionalities, indicating that Fenix Securities may not possess the technical capacity to fulfill the services they promote. It is advisable for individuals considering Fenix Securities to exercise caution and conduct further research before committing any funds or providing personal information.

See the trading platform comparison table below:

Broker Trading Platform
Fenix Securities Web-based trading platform
Rakuten Securities MT4
ACY Securities MT4
Monex Securities Web-based trading platform

Deposits & Withdrawals

Fenix Securities provides multiple options for deposits and withdrawals, including pay.api-pay.net, gw.astechprocessing.net, paym.v-cash.pro, and paym.volta-tech.pro. These platforms facilitate the transfer of funds between traders' accounts and the brokerage. Depositing funds into a trading account is a crucial step for traders to start engaging in financial markets. By accepting deposits through various platforms, Fenix Securities offers flexibility and convenience for its clients. Traders can choose the platform that suits their preferences and convenience to deposit funds into their trading accounts.

Fenix Securities minimum deposit vs other brokers

Fenix Securities Most other
Minimum Deposit $250 $100

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Email: support@fenixsecurities.online

Conclusion

In conclusion, Fenix Securities raises several red flags regarding its legitimacy and capabilities as a trading platform. The discrepancy between the images of a robust trading platform on their website and the lack of actual trading functionalities reported by users suggests a potential lack of technical capacity to deliver the advertised services.

Additionally, the absence of clear information regarding regulatory oversight or compliance with financial authorities raises doubts about the platform's adherence to necessary legal and regulatory standards.

Given these factors, users should exercise extreme caution when considering Fenix Securities as a trading platform. It is strongly recommended to conduct thorough research, seek out reputable and regulated alternatives, and consult with financial professionals or legal experts to ensure the safety of investments and financial transactions.

Frequently Asked Questions (FAQs)

Frequently Asked Questions (FAQs)

Q 1: Is Fenix Securities regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Fenix Securities?
A 2: You can contact via email, support@fenixsecurities.online.
Q 3: Does Fenix Securities offer demo accounts?
A 3: No.
Q 4: Does Fenix Securities offer the industry leading MT4 & MT5?
A 4: No. Instead, it offers web-based trading platform.
Q 5: What is the minimum deposit for Fenix Securities?
A 5: The minimum initial deposit to open an account is $250.
Q 6: Is Fenix Securities a good broker for beginners?
A 6: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website..

Broker Information

Company Name

Fenix Securities

Abbreviation

Fenix Securities

Regulatory Status

No Regulation

Platform registered country and region

United States

Phone of the company

--

X

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@fenixsecurities.online

Company Summary

Review

0 Comments
Write a comment

No comment yet

Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com