Review summary
Phyx Trade Ltd. is a broker registered in Saint Lucia, with an operational history of approximately 1-2 years. According to WikiFX data, the broker holds a low overall score of 1.25 out of 5, reflecting significant concerns. The firm does not hold any valid authoritative forex trading license, operating without the oversight of a reputable financial regulator. Public exposure highlights issues regarding withdrawal difficulties and account access restrictions, as noted in recent user complaints. The broker offers three account types—Classic, Prime, and Institutional Prime—with minimum deposits starting from 0.01 units and maximum leverage ranging from 1:100 to 1:400. Spreads vary from 2 pips on the Institutional Prime account to 10 pips on the Classic account. Platform availability is not clearly disclosed. Given the lack of regulatory oversight and the reported user difficulties, this broker presents substantial risks for traders. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-15)
