This case could easily confuse traders. It was essential for us to check the website domains before drawing up a conclusion.
We managed to compile the evidence and connect the dots in the Fenix Securities Review. The websites we listed have nothing to do with the real Fenix Securities broker.
Fenix Securities LLC is a New York-based securities & bonds brokerage company. It is indeed registered with the US Securities and Exchange Commission (SEC), FINRA and the National Futures Association (NFA).
The mastermind scammer behind those websites disguised himself as a legitimate broker regulated in the US, thus deceiving American traders.
Keep in mind that these two domains are unregulated. In case the broker disappears, trader assets will be gone as well. This can be avoided only if the broker is SEC-regulated, like the real Fenix Securities.
You’re better off trusting real US brokers or Tier 1-licensed providers operating under the jurisdiction of ESMA, the FCA, ASIC, FINMA, etc.
The imposter uses two bogus websites to present himself as Fenix Securities, thus infiltrating the US market and scamming unsuspecting traders in the country. There were also victims from Germany, Poland, Argentina and Peru.
As mentioned, the scam broker put on a mask to conduct its fraudulent scheme. It enabled him to easily trick US clients and make them believe in the SEC regulation. However, victims of this scam aren’t only from the States.
Two of the Bulgarian con artist’s websites are currently down. That’s a good thing but it doesn’t mean the scam won’t pop up again. The authorities need to find this fraud and put him behind bars.
Trustpilot users left negative feedback and complaints against the broker. From what we read, the two domains we listed weren’t the only ones, which is frightening. We’ll leave some comments down below that scream scam:
fenixsecurities.eu is 100% forex scam. Read details below to verify.
Every year they change the website. Previously it was fenixfunds.com then fenix-funds.pro and now in 2021 it is fenixsecurities.eu…
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…
The Fenix Securities Trading Platform is WebTrader. What this basically means is that you’re getting a rudimental web terminal with some elementary charts, graphs and calendars.
Since our fraudster doesn’t support any third-party platform such as MT4 or MT5, you’ll be missing out on cutting-edge tools such as algorithmic trading and live market reports.
The real Fenix Securities, on the other hand, provides a proprietary platform called FenixPro with advanced features and FenixWeb.
The real Fenix Securities mobile app? Yes. You can download it to manage your account and send orders.
As for the fake one, it’s just a dubious browser-based platform. It doesn’t require downloading.
Clever disguise? Check. Now the scammer needs victims. From experience, we know that financial swindlers use a variety of methods to do this.
They can be Google ads, Facebook, Instagram or YouTube content, and online marketing campaigns. Or, the scammer may create private WhatsApp & Telegram chats and invite you there.
LinkedIn is full of fake ads lately. Sometimes, the scam lasts for months as the phony broker spends days on dating apps trying to ‘seduce’ potential victims.
Last but not least, scammers may call you directly via phone to discuss some offer or send persistent emails.
The real broker-dealer offers bond, equity, futures & options trading. We believe in its legitimacy since its SEC-regulated.
On the other hand, the fraudster claims to offer Forex, crypto and CFD trading. Here are the alleged available assets:
The spreads that the fake Fenix Securities offers start from 2 pips. That’s not very favorable as the industry’s standard is 1.5 pips. Commissions are unknown.
The leverage, however, caps at 1:200. This is yet another indication that the broker is illicit. The maximum allowed leverage in the US is 1:50 for retail clients.
Since the websites are down, we couldn’t see the Fenix Securities trading accounts specifications. From other sources, we found out that there were six of them.
The Student account requires a minimum deposit of 250 $ and offers spreads of 3 pips. The VIP account costs 100,000 $. There was also an Islamic account.
Of course not. The scammer doesn’t have the patience to let you try things out. Thus, he forces you to invest straight away and risk losing your money.
The fake Fenix Securities demo account doesn’t exist. Legitimate brokers always offer clients a demo account for training.
We discovered that the fake Fenix Securities only accepts payments sent from credit or debit cards that went through shady third-party processors such as pay.api-pay.net.
The minimum deposit is 250 $ and there are no related fees allegedly. There are also no withdrawal limits. However, judging by the reviews and complaints, all Fenix Securities withdrawal requests are denied.
If this broker violates any terms and conditions, you’ve been scammed. If you’re having withdrawal issues, you’ve been scammed. You’re not the only victim of Fenix Securities scam.
Over here at Global Fraud Protection, we have a team of experts that have experience in dealing with bank chargebacks and crypto transaction tracing using CipherTrace. They are more than willing to help you get your money back!
If this broker steals your money, contact us for help. Use Online Chat since it’s the fastest and easiest way to book a free consultation with us!
The broker we covered in the review is not the real Fenix Securities. Don’t trust the phony. If you already invested, call us immediately!
The fake Fenix Securities broker does not offer a free demo account.
The fake Fenix Securities broker doesn’t have a mobile app since its platform is web-based.
Yes. We’re not sure about the amount though. Bonuses come with strings attached.
The broker we covered in the review is not the real Fenix Securities. Don’t trust the phony. If you already invested, call us immediately!
The fake Fenix Securities broker does not offer a free demo account.
The fake Fenix Securities broker doesn’t have a mobile app since its platform is web-based.
Yes. We’re not sure about the amount though. Bonuses come with strings attached.
The post Fenix Securities Review – The Story Of The Broker And Global Scam appeared first on Global Fraud Protection.
