Mohammed Mazhar 
1-2 years
Is Phyntex Markets safe and legit for trading?
Broker Issues
Regulation
02-06
United States
WikiFX
Reply
While Phyntex Markets offers a range of trading instruments and commission-free trading, the lack of regulation definitely raises red flags for me. Without regulation, there is no clear protection for clients if anything goes wrong. It might be safe for some traders willing to take risks, but for me, I’d be cautious and would typically avoid platforms that aren’t regulated by a recognized authority.
Similar Questions
What are the pros and cons of NSFX in terms of regulation?
kennis2244 
02-25
Is InterTrader regulated and safe to use?
gnsrael 
08-09
Based on your own experience, what would you consider the three main benefits of choosing Bell Potter?
Serious74 
09-05
Does Be Prime Broker have any cons?
Interbank Trader 
06-27
What are the pros of GCM FX?
TradeTimeAllWasted 
07-19