Phonixtrade.ltd was first issued a warning by the Financial Conduct Authority (FCA) on 2 May 2025, with the notice last updated on the same day. The FCA flagged the firm for potentially offering or promoting financial services or products in the UK without the required authorisation. This means the company is not registered or regulated by the FCA and may be targeting UK consumers illegally. The listed contact details for Phonixtrade.ltd are Flat 28 Snowman House, Abbey Road, London, UNITED KINGDOM, NW6 4DN, with the email address [support@phonixtrade.ltd](mailto:support@phonixtrade.ltd) and the website [www.phonixtrade.ltd](http://www.phonixtrade.ltd). The FCA warns that unauthorised firms often provide misleading or fake contact information and may impersonate legitimate businesses to appear trustworthy. Consumers who deal with Phonixtrade.ltd will not be protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS), which means there is a high risk of losing any money sent to them.
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Customer reviews have been turned off for this provider as they are not regulated by the FCA and are not allowed to provide financial services to UK customers.
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The Importance of FCA Authorisation & Regulation
All firms offering financial services in the UK are required to be regulated by the FCA which is crucial in the UK for protecting consumers, ensuring financial market integrity, and promoting financial stability.
The FCA helps prevent mis-selling, enforces laws against market abuse, and supports innovation while fostering competition.
By setting and enforcing high standards, the Financial Conduct Authority maintains confidence and transparency in financial markets and protects clients’ money if a firm goes bust with the FSCS.
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If you think you have been a victim of a financial scam you should report it to the FCA here.
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Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
