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Providers of banking transactions and financial or investment services in Germany require a permit from BaFin. Phoenix247 does not have such a permit. Furthermore, this is also a broker scam, meaning customers are ripped off and stolen from. This scam is allegedly operated by companies that apparently do not exist. Stay far away and protect your financial health.
The potential victims of the Phoenix247 broker scam can lose their money via various payment methods such as credit/debit card, bank transfer, or Klarna. During the payment process, the victims are redirected via the domain https://educationeu.co.uk where neither an operator nor any other information is available.
If you have any information about Phoenex247, its operators, or its facilitators, please share it through our whistleblower system, Whistle42.