FIRE PHOENIX (firephoenixfx.com) is an unregulated contract for difference (CFD) broker. This broker was registered in the UK on April 27, 2023, and primarily offers investors trading services in forex, stocks, futures, energy, precious metals, and cryptocurrencies. Its headquarters is located in London. The broker does not offer services to jurisdictions where it might be against local laws or regulations.
Corporate Registration Information and Regulatory Status
Public information on firephoenixfx.com indicates that it is registered with the UK Companies House, under the entity FIRE PHOENIX ASSETS LIMITED. Additionally, the broker is registered with the U.S. Financial Crimes Enforcement Network (FinCEN) with MSB number 31000243370224.
Verification shows that the UK Companies House lists an entity named FIRE PHOENIX ASSETS LIMITED with registration number 14961708. However, this entity is not authorized or regulated by the UK's Financial Conduct Authority (FCA).
Moreover, FIRE PHOENIX ASSETS LIMITED successfully registered with the U.S. Financial Crimes Enforcement Network (FinCEN) on May 5, 2023, with MSB number 31000243370224. However, FinCEN's mission is to safeguard the financial system from illicit use, combat money laundering and related crimes (including terrorism), and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence. It does not regulate financial derivatives trading.
Trading Products
- Forex: The forex market is the largest financial market in the world, with different countries' currency pairs being the trade objects. Through forex trading, investors can profit from currency value fluctuations. Major currency pairs include EUR/USD and GBP/USD.
- Cryptocurrencies: Cryptocurrencies are virtual currencies based on blockchain technology, including Bitcoin and Ethereum. Unlike traditional currencies, cryptocurrencies have no central issuing authority, and their prices are highly volatile, affected by technology, regulations, and market demand.
- Metals: The metals market includes precious and base metals. Precious metals like gold and silver are often seen as safe-haven assets. Investors tend to invest in precious metals during times of global economic uncertainty.
- Energy: The energy market covers products like oil and natural gas. Energy prices have a significant impact on the global economy. The oil market is one of the most crucial energy markets, with prices influenced by supply-demand relationships, geopolitical situations, and climate conditions.
- Futures: A futures contract is a standardized financial contract that allows investors to buy or sell an asset based on expected market price changes. Futures contracts cover various asset categories, including agricultural products, energy, metals, and financial assets like stock indices.
- Commodities: The commodities market includes trading physical assets like agricultural products (soybeans, wheat), industrial commodities (copper, aluminum), and energy commodities (crude oil, natural gas). Prices of commodities are affected by natural disasters, weather conditions, global supply, and demand.
- Indices: Stock market indices are weighted averages of a basket of stocks representing the overall performance of a specific market or industry. Common indices include the S&P 500, DJIA, and FTSE 100.
Account Opening
The account opening process for FIRE PHOENIX ASSETS LIMITED is as follows:
- Open firephoenixfx.com and click "Register" on the homepage or the top right corner of the webpage to go to the account registration page.
- Fill in your personal email address and set your login password as required on the application form, then submit the form.
- Once the application is submitted, the account is successfully registered. After logging into the account, users need to complete the KYC verification process before they can start trading.
Trading Account Information
The official website of FIRE PHOENIX ASSETS LIMITED does not disclose information on spreads, trading leverage, margin call/stop out levels, account types, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, or minimum price precision.
Trading Platform and Transactions
FIRE PHOENIX ASSETS LIMITED offers a self-developed trading platform. Their website does not clearly state the supported deposit/withdrawal methods, fees, or minimum deposit/withdrawal amounts.
Conclusion
Traderknows reminds investors that FIRE PHOENIX ASSETS LIMITED (firephoenixfx.com) is an unregulated financial derivatives trading broker that can only be contacted via email, offering very limited contact options. Its website design and content use the same template as brokers like KFCP, XZDL GLOBAL, Ylehub FX, Tokyo Metal, Gffxx, and DTX MARKETS.
Investors are advised to choose brokers with transparent information, strong regulatory status, and good reputation to avoid any unnecessary financial losses.
