Phenix FXPro - Fraudsters use fake address in London
The pretend online broker Phenix FXPro poses as a credible platform for online trading. However, there are numerous indications that unacceptable conditions prevail at Phenix FXPro. More and more traders are reporting telephone terror, rip-offs and investment fraud at Phenix FXPro. Many have lost their capital invested with Phenix FXPro. Serious doubts are being raised. Meanwhile, many Phenix FXPro investors are afraid that it is an investment scam. All Phenix FXPro investors are wondering if they have fallen victim to an investment scam? And what can Phenix FXPro investors do if the suspicion of investment fraud is substantiated? Will Phenix FXPro investors get their money back? Does it make sense to file a criminal complaint against Phenix FXPro with the police? What help is available in the case of investment fraud?
Phenix FXPro: Shady Assurances
What do the surprised visitors to www.Phenix FXPro.com have to receive? "We offer the simplest and most bought effective binary options for individuals to begin their management journey to cryptocurrency mining and binary trading. Our solution is easy to understand, investment-proof, user-friendly and offers an excellent ROI. This is the currency of the future and our mission is to make it accessible to all." This is just a small part of the questionable affirmations that prospective investors will find on Phenix FXPro's website. Not one of these lofty assurances by Phenix FXPro has been delivered. Unfortunately, the dubious business practices tend to make for disappointed investors and bad experiences!
Phenix FXPro: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Phenix FXPro makers is that the website does not contain an imprint. Thus, the full details of the legally responsible operators of the website are missing. If one takes a look at the domain data of the Phenix FXPro website, there are no references to the operators. However, one learns that the domain was only registered on 29.04.2021 with NameCheap, Inc. The real domain owners are hiding behind the anonymisation service Withheld for Privacy ehf.
Phenix FXPro: Who is behind it?
Many investors will find it rather difficult to answer this question, as the Phenix FXPro makers do everything they can to conceal the true circumstances. However, this is nothing unusual. The perpetrators usually operate several of these websites with the same fraudulent business model. These are created in advance, quickly put on the net and just as quickly shut down. The top-level domain is often changed in order to deceive the financial supervisory and law enforcement authorities. But who is the operator? On the Phenix FXPro website, there is only scant information about this. Although the company Phenix FXPro LTD with the business address 66 Great Suffolk St London SE1 0BL UK is given, the makers of Phenix FXPro cannot be found under this address. There is also the obligatory support e-mail address. A worldwide search for Phenix FXPro in the relevant registers leads to no result. This makes it clear that this is a pure fantasy product.
Phenix FXPro: The customer acquisition of the investment fraudsters
The same procedure can be found here again and again: In order to gain customers, the offers of Phenix FXPro are advertised in all conceivable media and channels. Not infrequently, these are false promises. Furthermore, they upload videos on Youtube in which interested investors are convinced with false references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". At the same time, a mostly aggressive affiliate programme is launched to motivate others to beat the advertising drum for Phenix FXPro.
Phenix FXPro: Criminal business practices
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their years of experience and their satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Investors usually start with a small amount of money. Beforehand, investors are often motivated to install remote maintenance software such as AnyDesk or TeamViewer on their computers so that they can supposedly receive help with the first steps. In many cases, the computer is manipulated afterwards and unwanted transactions are carried out. In the process, the investment fraudsters often also gain access to their victims' online banking. What is particularly criminal, however, is when supposed profits are displayed on the trading platform in order to entice the customer to place further high stakes. Sometimes even small sums are paid back to lull investors into a sense of security. Who then does not want to increase the stakes further? But what happens next?
Phenix FXPro: Repayment of money is tied to conditions
Once in, it is usually impossible to get out. Rather, the administrators of the investment scams tie a repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, the alleged profits are paid out. The perpetrators send investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. It is never possible to offset them against the alleged profits. If an investor refuses to make further deposits, supposed profits are turned into losses through senseless transactions and the client is damaged to the maximum. The horror does not end there, but investors are permanently confronted with calls from other dubious providers. This indicates that the investors' contact details are traded on among the investment fraudsters. In the end, a "saviour" regularly calls claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off department! And of course the "saviour" also wants a small fee - in advance!
Phenix FXPro: Scheme of investment fraud?
The online broker Phenix FXPro is not regulated. Phenix FXPro lacks authorisation by a recognised European financial regulator, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is frequently used by brokers. Likewise, there is no authorisation from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is easy to overlook the fact that Phenix FXPro is a scheme of capital investment fraud. All victims of Phenix FXPro are advised to consult an investment fraud lawyer as soon as possible.
Phenix FXPro: Where do the investment fraudsters operate?
The illegal activities of Phenix FXPro are unfortunately not limited to English-speaking countries. Because Phenix FXPro also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this spokesperson group also come forward. A look at the list of regulators is recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
Phenix FXPro: Investors want their money back!
The situation is far more promising than it seems. The aggrieved investors can take legal action against those involved in the investment fraud and reclaim their invested capital. At present, it is not to be expected that the Phenix FXPro investment fraudsters will be caught soon, but there is nevertheless reason to hope. Hope because the funds flowed through accounts provided by banks that were concerned about good reputation. Those responsible apparently failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for legality. These omissions made the investment fraud possible in the first place.
Phenix FXPro: They want their money back! How does it work?
Equipped with this knowledge, the investors would not have got involved in an investment with Phenix FXPro. Now the only option left for the defrauded is to seek recovery of the misappropriated money. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Probably all of them are now asking themselves whether they can get their money back? Clearly yes! There are numerous legal bases to fall back on. The generic term is "money laundering". When investment fraudsters collect money, the offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where one starts with good chances of success. To do this, essential questions must be clarified. Where were the funds moved to by Phenix FXPro? Is there any chance that the victims of the investment fraudsters will get back the money they invested with Phenix FXPro? What precautions are needed from now on? A lawyer specialising in investment fraud will best answer such questions for you.
Phenix FXPro: Who can help?
What to do in case of investment fraud? What help can victims of Phenix FXPro hope for in the case of investment fraud? Phenix FXPro victims will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your case with Phenix FXPro both in terms of the criminal aspects of the investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading also comes into question, because he is also familiar with the methods of fraudulent brokers, such as Phenix FXPro.
Phenix FXPro: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses on the unregulated capital market for over three decades. The way Phenix FXPro operates is therefore nothing really new. Over the decades, Resch Rechtsanwälte has developed a comprehensive set of tools for tracking down misappropriated funds and tracing the flow of money. In times of the internet, it is becoming more and more difficult to make funds really disappear. The more swiftly investors follow the money trail, the greater the chances that they will get back their invested capital. Above all, it is important that investors who have been harmed by Phenix FXPro act immediately.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of Phenix FXPro and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.
Here the free
Initial assessment of your case to the form
Investor protection since 1986 Resch Lawyers
Let us help you!
+ 49 30 / 88 59 77 0