Note: Fenix Securitiess official site - https://fenixsecurities.site/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is Fenix Securities？
Fenix Securities is a trading platform that offers the trading of securities, along with a maximum leverage of 1:200 and a spread of 2 pips. However, it is important to note that as of now, Fenix Securities does not have any valid regulation, indicating a lack of oversight from government or financial authorities. Additionally, their official website seems to be inaccessible, which raises concerns about the credibility and reliability of the trading platform.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Fenix Securities Alternative Brokers
There are many alternative brokers to Fenix Securities depending on the specific needs and preferences of the trader. Some popular options include:
Rakuten Securities - A leading online brokerage firm providing a wide range of financial services and investment options to clients globally.
ACY Securities - A trusted Australian-based online brokerage offering advanced trading technology, competitive spreads, and a diverse range of financial instruments.
Monex Securities – A reputable global brokerage firm offering comprehensive trading solutions, innovative platforms, and access to various markets for investors seeking a robust investment experience.
Is Fenix Securities Safe or Scam？
Fenix Securities currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of Fenix Securities is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.
If you are considering investing with Fenix Securities, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
Trading Products
Fenix Securities offers the trading of securities. Security trading refers to the buying and selling of financial instruments known as securities. Securities are tradable financial assets that hold value and represent ownership or debt in a company or government entity. Examples of securities include stocks, bonds, mutual funds, options, and futures contracts. Security trading can take place on various financial markets, including stock exchanges, commodity exchanges, options exchanges, and over-the-counter (OTC) markets. Trading can be done by individuals, institutional investors, or through brokerage firms. It can be conducted manually by making phone calls or electronically through online trading platforms.
Leverage
Fenix Securities offers a maximum leverage of 1:200, which means that for every $1 of capital, a trader can control $200 worth of securities. Leverage allows traders to amplify their potential returns on investment by using borrowed funds. It essentially magnifies both profits and losses.
However, it is important to understand that high leverage also involves higher risks. While it has the potential to boost profits, it also amplifies losses. If the market moves against a leveraged position, losses can accumulate rapidly and even exceed the initial investment. This is why it is crucial to exercise caution and careful risk management when trading with leverage.
Spreads & Commissions
Fenix Securities offers a spread from 2 pips, which refers to the difference between the buying and selling price of a currency pair. The spread represents the cost that traders incur when executing trades through the brokerage. In this case, the spread offered by Fenix Securities is half a pip above the industry average.
Having a higher spread can be considered less favorable for traders, as it increases the cost of trading. A narrower spread would allow traders to enter and exit positions more efficiently, minimizing the impact of the spread on their overall profitability. However, it is worth noting that the spread may vary depending on the currency pair and market conditions.
Besides, due to the unavailable website, there is no access to find out the commission of Fenix Securities.
Below is a comparison table about spreads and commissions charged by different brokers:
Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.
Trading Platforms
Fenix Securities offers web-based trading platform for its clients. Fenix Securities's website presents a range of images displaying a fully functional web trading platform, which creates an expectation of comprehensive trading services for potential users. However, upon completing the registration process and accessing the platform, users have encountered a significant discrepancy. Instead of the anticipated trading platform, they are met with a simplistic chart that solely provides information on the current Bitcoin prices. This chart lacks essential trading functionalities, indicating that Fenix Securities may not possess the technical capacity to fulfill the services they promote. It is advisable for individuals considering Fenix Securities to exercise caution and conduct further research before committing any funds or providing personal information.
See the trading platform comparison table below:
Deposits & Withdrawals
Fenix Securities provides multiple options for deposits and withdrawals, including pay.api-pay.net, gw.astechprocessing.net, paym.v-cash.pro, and paym.volta-tech.pro. These platforms facilitate the transfer of funds between traders' accounts and the brokerage. Depositing funds into a trading account is a crucial step for traders to start engaging in financial markets. By accepting deposits through various platforms, Fenix Securities offers flexibility and convenience for its clients. Traders can choose the platform that suits their preferences and convenience to deposit funds into their trading accounts.
Fenix Securities minimum deposit vs other brokers
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Email: support@fenixsecurities.online
Conclusion
In conclusion, Fenix Securities raises several red flags regarding its legitimacy and capabilities as a trading platform. The discrepancy between the images of a robust trading platform on their website and the lack of actual trading functionalities reported by users suggests a potential lack of technical capacity to deliver the advertised services.
Additionally, the absence of clear information regarding regulatory oversight or compliance with financial authorities raises doubts about the platform's adherence to necessary legal and regulatory standards.
Given these factors, users should exercise extreme caution when considering Fenix Securities as a trading platform. It is strongly recommended to conduct thorough research, seek out reputable and regulated alternatives, and consult with financial professionals or legal experts to ensure the safety of investments and financial transactions.
Frequently Asked Questions (FAQs)
