PNX FINANCE broker evaluation: high risk (suspected fraud）

PNX FINANCE Overview:

The official website of the broker states that PNX FINANCE was founded by Brent Cunningham in the United States at the end of 2012, but in fact the company was registered in Colorado, United States on June 26, 2023.

Domain Registration of PNX FINANCE:

Its official website was registered on August 10, 2023. As of December 1, 2023, the brokerage had been registered for less than four months.

Is Orfinex Legit or a Scam? Does Orfinex Have Any Regulatory Licenses?

PNX FINANCE is a non-member registered unit of the National Futures Association (NFA) and is not regulated by it, which means that the entity does not have any effective supervision.

Website Template Quality of PNX FINANCE:

The content of PNX FINANCE is highly similar to STELLAR FINANCE and AMBERLIGHT FINANCE. The website promotes that its founder is Brent Cunningham, and its headquarters address is also 30 Broad St., New York, NY 10004, United States. The company registration date is June 2023. On the 26th, the official websites were all registered on August 10, 2023. Therefore, these three websites are the same batch of products with the same template.

Employees of PNX FINANCE:

Traderknows did not find the company employee information of this broker.

Trading Software Provided by PNX FINANCE:

The PNX FINANCE official website provides users with its self-developed trading platform, including PC, Android, iPad, iPhone and web version. However, the download button provided on its official website cannot be opened at all, and can only open the registration page.

Online Reputation and Client Complaints:

Traderknows found reviews of PNX FINANCE on some other media software. The score of PNX FINANCE is medium. The site doesn't get much traffic, uses the same registrar as many spammers and scammers, and the site was recently registered.

Trading Products Provided by PNX FINANCE:

The official website of PNX FINANCE does not display any trading product information.

Contact Information:

The PNX FINANCE official website shows that the broker can only be contacted via email.

PNX FINANCE website traffic:

Traderknows did not find any information about PNX FINANCE on similarweb.

Summarize:

PNX Finance was registered in Colorado, USA, in 2023, although the official website states that it was established in 2012. The domain name has been registered since August 10, 2023, and is currently less than four months old. As a non-member registered unit of NFA, the company is not subject to any effective supervision. Its website is highly similar to STELLAR FINANCE and AMBERLIGHT FINANCE, suggesting that these websites may be the same batch of products. PNX Finance provides a multi-platform self-developed trading platform, but the download function seems to be ineffective but there are some potential risks. As a result, the broker was labeled as "suspected fraud" on Traderknows.