Brokers  /  PHYX TRADE

PHYX TRADE

Severe risk
🇱🇨 Saint Lucia · 1-2 years · since 2025-05-15 · Phyx Trade Ltd.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.24/10
Trustpilot/5
Forex Peace Army/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-06
Lower riskHigher risk
  • No verified regulatory license on file
  • Recently established — about 14 months old
  • Registered in Saint Lucia (offshore, light oversight)
  • 3 user exposure/complaint reports filed
  • Withdrawal complaints in ~67% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age7215%
Clone / impersonation012%
Withdrawal & exposure complaints4812%
Offshore registration808%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal namePhyx Trade Ltd.
Headquarters🇱🇨 Saint Lucia
Founded2025-05-15
Years operating1-2 years
Employees0
Official websitephyxtrade.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods9 · VISA, MASTER, Skrill, Neteller
Withdrawal methods9 · Neteller, MASTER, Bank, transfer, PerfectMoney
Instruments--
Registered address
Ground Floor, The Sotheyby Building, Rodney Bay, Gros-Islet, St. Lucia. LC01 101

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Institutional prime1:100$50,000from 2$2 spot $5 futures per lot
Classic1:400$0from 10$2 spot $5 futures per lot
Prime1:200$10,000from 5$2 spot $5 futures per lot

Review analysis AI

Across 3 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (2 reports) — the classic warning sign in forex.

0
Period:
What users complain about
Where reviewers are from
Canada1
Indonesia1
Italy1

Real user reviews

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About PHYX TRADE

PHYX TRADE is a forex and CFD broker based in Saint Lucia, with records dating to 2025-05-15. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full PHYX TRADE review