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PhyxTradeLtd

Severe riskForex / CFD broker
🇬🇧 United Kingdom · < 1 year · since 2025-09-05 · Phyxtrade LTD
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
21 reviews ›
0
Licenses ›
7
Withdrawal issues ›
$100
Min. deposit ›
1:500
Max leverage ›
2
Account types ›
75/100
Scam risk ›
0
Clone sites ›
Accounts: ALPHA · $100ADVANTAGE · $300
▲ 86% positive▼ 5% negative
Independent ratingshow third parties score this broker
WikiFX1.7/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from PhyxTradeLtd? Our free assistant writes up your case and shows exactly what to do next →
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No sign that PhyxTradeLtd actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Recently established — about 11 months old
  • Withdrawal complaints in ~33% 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 age9215%
Clone / impersonation012%
Withdrawal & exposure complaints5412%
Offshore registration108%
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 namePhyxtrade LTD
Headquarters🇬🇧 United Kingdom
Founded2025-09-05
Years operating< 1 year
Employees0
Official websiteuser.phxymus.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods2 · BANK, TRANSFER
Withdrawal methods2 · BANK, TRANSFER
InstrumentsCurrency pairs - 80 Metal CFDs
Registered address
32 London Bridge St, London, SE1 9SG, UK

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
ALPHA1:500$1000.0+Currencies, Forex - Metals - USD 4.5 to USD 6.0 per 1.0 lot✓
ADVANTAGE1:30$3001.2+--✓
Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

The overwhelming majority of user reviews are highly positive, praising PhyxTrade’s platform stability, smooth deposits and withdrawals, and responsive customer support. However, a single severe complaint about a blocked withdrawal raises a red flag that aligns with FXCanary’s scam risk score of 75/100. The near absence of negative reviews beyond that one incident suggests either a very new broker with limited history or potentially curated feedback.

Best for
  • Traders seeking high leverage (1:500) on a low-spread Alpha account
  • Beginners attracted to simple, intuitive platform design
Not for
  • Traders who prioritise regulated brokers with verifiable licences
  • Investors who require reliable withdrawal processing without risk of blockage
Period:
What users complain about
What users praise
Where reviewers are from
Germany15
United Kingdom4
Thailand1
Taiwan1

Real user reviews

Where PhyxTradeLtd operates

Based on its licenses and complaint records.

🇹🇭 Thailand 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What PhyxTradeLtd says about itself as stated by the broker · not independently verified by FXCanary

Company Registration & Transparency

The broker states that it is officially registered in the United Kingdom with a physical office at 32 London Bridge St, London, SE1 9SG, demonstrating transparency and legitimacy.

Regulatory Status

According to the company, PhyxTrade is regulated by the SEC and MSB, providing traders with a sense of security and trustworthiness.

Account Offerings

PhyxTrade offers two account types: Alpha, with a $100 minimum deposit, up to 1:500 leverage, spreads from 0.0 pips, and commissions on currencies and metals; and Advantage, with a $300 minimum deposit, 1:30 leverage, and spreads from 1.2 pips.

Trading Conditions

The broker advertises a stable trading environment with fast execution, no hidden fees, and support for 80 currency pairs and metal CFDs.

Deposit & Withdrawal Policy

PhyxTrade claims to offer smooth and efficient deposits and withdrawals via bank transfer, with attentive customer service to assist throughout.

About PhyxTradeLtd

Overview of Phyxtrade LTD

Phyxtrade LTD is a forex and CFD broker that was established on 5 September 2025 and is officially registered in the United Kingdom. The company states its registered address as 32 London Bridge St, London, SE1 9SG. As a relatively new entrant, the broker aims to attract traders with competitive trading conditions and a user-friendly platform.

Regulation and Licensing

The broker claims to be regulated by the SEC (Securities and Exchange Commission) and MSB (Money Services Business), though no verified licence numbers are on file in public registers. FXCanary’s research found no confirmed regulatory authorisation from any major financial authority. Traders should exercise caution and conduct their own due diligence regarding the broker’s regulatory status.

Account Types and Minimum Deposits

Phyxtrade offers two live account tiers. The Alpha account requires a minimum deposit of $100 and provides maximum leverage of 1:500 with spreads starting from 0.0 pips. The Advantage account requires a $300 minimum and offers leverage up to 1:30 with spreads from 1.2 pips. The Alpha account incurs commissions on trades, whereas the Advantage account appears to be commission-free.

Trading Instruments and Platforms

The broker provides trading in currency pairs (80 pairs) and metal CFDs. Specific platform details (e.g. MetaTrader 4/5, web trader) are not disclosed in the available data. The broker promotes its own proprietary platform, referred to as PHYX, which users describe as intuitive and stable.

Deposit and Withdrawal Methods

Funding and withdrawals are handled exclusively via bank transfer (BANK, TRANSFER). No other payment methods such as credit cards or e-wallets are mentioned. The broker emphasises fast processing times, though individual experiences may vary.

Target Audience

Phyxtrade LTD appears to target both retail and experienced traders, with the Alpha account catering to those seeking high leverage and low spreads, and the Advantage account offering lower leverage for more conservative trading. The broker’s simple interface may appeal to beginners, but the lack of verified regulation and the presence of a severe scam complaint indicate that only risk-tolerant traders should consider this broker.

Conclusion on Suitability

Given the broker’s very recent founding and absence of confirmed licences, it is best suited for traders who are comfortable with high risk and who prioritise leverage and low spreads over regulatory safeguards. Those requiring a fully regulated environment or reliable withdrawals may find the broker unsuitable.

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