tattoo09
Do not trade with Phoenix Markets
How this company has got so many stars on Trustpilot is beyond me. From day one, all they did was ask for more and more money to be deposited, gave poor strategies, no training, no explanation to what they were telling me to do... then when my account got in such a state that I was destined to lose all my money, they then asked for more money to help me get out of the mess they had put me in. They gave very vague explanations when asked, and changed the subject as soon as they could. They lied about stories about other orders and couldn't even remember what the figures were they had told me from one day to the next, it changed every time. Finally, I had to call it a day and lost A LOT of money. I even had two reputable brokers look at my account online and both agreed that Phoenix should not be allowed to trade and give advice to people on trading. One even said the state of my account looked deliberate, with a lot of trades with large SWAP negative figures and the whole account was double directed, meaning I was never going to profit from a trade. If a buy trade went into profit, which was going to be hard with the large SWAP fees they had charged me, then the sell trade on the same stock would go even further into a negative. It was an impossible situation to get out of. The majority of the trades I was told to do where indices and crude oil and these all had large SWAP fees when they rolled over to the next day, and the next and the next... you get my drift. And who gets the SWAP fees? Phoenix of course. This company is scamming innocent people out of their hard earned money with a dream that you can make money with them and their trading methods... this is utter BS and I am living proof that they are out to make what they can for themselves no matter what the cost to us investors. DO NOT TRADE WITH THEM!!!!!