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.