Warning Investors Phoenixcpartners.com
This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee
Introduction To Phoenixcpartners.com:
Phoenixcpartners.com is a website that claims to provide online trading services for various financial instruments, such as forex, stocks, commodities, and cryptocurrencies. The website states that it is operated by Phoenix Capital Partners Ltd, a company registered in St. Vincent and the Grenadines. The website also claims to offer various features and benefits to its clients, such as low spreads, high leverage, fast execution, multiple payment methods, educational resources, and trading tools.
Regulation and Compliance Of Phoenixcpartners.com:
However, the Australian Securities and Investments Commission (ASIC) has issued a warning that phoenixcpartners.com is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee. According to ASIC, phoenixcpartners.com is not licensed or authorised to provide financial services in Australia. ASIC also states that phoenixcpartners.com may be involved in a scam or fraud. ASIC advises investors to avoid dealing with phoenixcpartners.com and to report any suspicious activity to ASIC.
Customer Support Offered By Phoenixcpartners.com:
The website of phoenixcpartners.com provides a contact form, an email address, and a phone number for customer support. However, according to some customer reviews, the customer support of phoenixcpartners.com is either unresponsive or rude. Some customers have reported that they have been unable to withdraw their funds from the website or that they have been pressured to deposit more money. Some customers have also complained that the website has changed its terms and conditions without notice or that it has manipulated the prices or trades.
Customer Reviews Of Phoenixcpartners.com:
The customer reviews of phoenixcpartners.com are mostly negative and indicate that the website is a scam or fraud. Many customers have shared their experiences of losing money or being scammed by phoenixcpartners.com on various online platforms, such as Trustpilot, Forex Peace Army, Scamwatcher.org, and Scamadviser.com. The common themes of these reviews are that phoenixcpartners.com is not regulated or licensed, that it does not honour its promises or obligations, that it does not allow withdrawals or refunds, that it uses aggressive or deceptive marketing tactics, and that it does not provide adequate customer support.
Measures To Avoid Fraud Brokerages:
To avoid fraud brokerages like phoenixcpartners.com, investors should always do their due diligence before investing in any online trading platform. Some of the measures that investors can take are:
– Check the regulation and licensing status of the platform with the relevant authorities in your jurisdiction.
– Verify the identity and address of the company behind the platform.
– Read the terms and conditions carefully and understand the risks involved.
– Avoid platforms that offer unrealistic returns or guarantees.
– Avoid platforms that ask for personal or financial information via email or phone.
– Avoid platforms that pressure you to deposit more money or to act quickly.
– Use secure payment methods and keep records of your transactions.
– Report any suspicious or fraudulent activity to the authorities.
Conclusion:
Phoenixcpartners.com is a website that claims to offer online trading services for various financial instruments. However, ASIC has warned that phoenixcpartners.com is not licensed or authorised to provide financial services in Australia and that it may be involved in a scam or fraud. Investors should avoid dealing with phoenixcpartners.com and report any suspicious activity to ASIC. Investors should also take measures to avoid fraud brokerages like phoenixcpartners.com by doing their due diligence before investing in any online trading platform.
