Company profile · Broker · Kenya · Updated Oct 23, 2026
High Attention
Risk Score
High Risk
As of Oct 23, 2026
Inception & reports
—
Inception date not verified in sources reviewed
2026
Public complaints / alerts appear in the record
2026
Brief last updated · Oct 23, 2026
Brief analysis
About this Phyx Trade review
Phyx Trade is a “Saint Lucia and India registered” forex/CFD broker whose only registration is a non-licence — and whose name cannot be safely searched without the OSC citation. As of October 2026, public reporting linked to the domain associated with this brand and activity associated with Kenya includes patterns such as stalled withdrawals, unexpected fee demands before payout, or similar friction. Clients often ask whether Phyx Trade is a scam or a legitimate broker; the answer turns on the domain you used and the documents you still hold.
Withdrawals, fees, and what to keep
A licence you verified yourself and a payout that reaches an account you control is one picture. A dashboard balance plus a new “tax” or “compliance” payment before you can leave is another. If you paid through the domain associated with this brand, retain the date, method, and any message that demanded an extra fee.
If you cannot withdraw
Accounts that allow a small test payout and then freeze larger requests are a recurring pattern in Phyx Trade complaint threads. Contact Mike Levy Law for a confidential consultation — we compare what you send with the public record and advise on litigation or reporting pathways.
Public record
Reviews & What People Are Saying
Comments from people describing problems with this entity. Our team may reply when the
reported loss appears material and a confidential consultation could help.
Submit for review — all new submissions are moderated before publishing.
€3,800 · Cont înghețat la cash-out
Am depus prin platforma web cu un depunere Apple Pay. Aproximativ €3,800 sunt blocate după ce au oprit retragerea și au cerut taxe noi. Domeniul din notițe: Phyx Trade. Cui trimit calendarul și dovezile?
IR
Isabella RahmanRomania
ML
Mike Levy LawSupport
Ne pare rău. Pentru analiză confidențială, trimiteți calendarul, metoda de plată și referințe chat/transfer.
Op hun mobiele app leek alles normaal na de USDT-transfer. (Phyx Trade) Support vroeg nieuwe stappen zonder fondsen vrij te geven. Heeft een vertrouwelijke beoordeling nog zin?
AV
Ava VoBelgium
Extra fees before any payout / Phyx Trade
Onboarded through a Telegram desk and sent a USDT transfer. They cited compliance holds that never resolved into a transfer. The site I used was tied to Phyx Trade. Any guidance on what to keep and where to send it?
ER
Elena RahmanUnited Arab Emirates
Submit for review
Share your experience with this company. All comments are moderated —
submissions are reviewed before anything is published live. Email and phone are used only
to follow up if needed and are never published.
Guidance
Frequently asked questions
Straight answers on legitimacy, withdrawals, fees, and how a confidential consultation works.
Is Phyx Trade a scam?
Public complaint patterns linked to Phyx Trade often include stalled withdrawals, unexpected fee demands, or unreachable support. This page is not a court finding — it summarizes the public record so you can compare it with your own documents. If funds are stuck, keep every receipt and URL and ask for a confidential review before sending more money.
Is Phyx Trade a legit broker?
Screen balances are not the same as a payout you control. Phyx Trade is a “Saint Lucia and India registered” forex/CFD broker whose only registration is a non-licence — and whose name cannot be safely searched without the OSC citation. Share the date and how you paid if you want a confidential consultation on next steps.
Can you close my Phyx Trade account, or have the person who phoned me call again?
Mike Levy Law is not affiliated with this broker. We do not hold an account at Phyx Trade and cannot impersonate their staff or reopen a login for you.
Phyx Trade says I must pay a tax or fee before withdrawing — should I?
No. Real firms deduct legitimate charges from the balance or disclose them in statements — they do not usually demand a separate “tax” or “release” payment to a personal wallet before you can leave.
What do you do with what I send?
We review it confidentially against the public record and outline counsel, regulator, or reporting options. We are not a bank, card scheme, or police substitute.
How does your process work?
We begin with a confidential look at the date, how you paid, and any statements or screenshots you still have. We then compare that timeline with the public record and outline counsel, regulator, or reporting options. We do not replace your bank, card scheme, or the police.
Summary: Phyx Trade — a “Saint Lucia and India registered” forex/CFD broker whose only registration is a non-licence — and whose name cannot be safely searched without the OSC citation This page is informational and does not constitute a finding of liability. Profile last updated Oct 23, 2026.
Submit for review
Share your experience with this company. All comments are moderated — submissions are reviewed before anything is published live. Email and phone are used only to follow up if needed and are never published.