Phyntex Markets Exposed: Withdrawal Blocks & Poor Customer Support Frustrate Traders

Is withdrawal issue perennial for Phyntex Markets traders like you? Does the Comoros-based forex broker give you numerous excuses to deny you withdrawals? Faced account blocks when raising Phyntex Markets withdrawal queries? Feel that the brokers customer support service does not exist for you? Many traders have openly expressed frustration on how the broker goes about its business on review platforms. In this Phyntex Markets review article, we have shared multiple complaints against the broker. Keep reading to know the same.

Lets Begin with a Small Overview of Phyntex Markets

Phyntex Markets, a group company of Phyntex Group Limited, is a multi-asset broker offering trading opportunities on forex pairs, commodities and indices. The availability of up to 100% deposit bonus does make many traders open a forex trading account with the broker. Trading platforms made available by Phyntex Markets for its clients include MT4, MT5 and social trading.

Examining the Top Forex Trading Complaints Against Phyntex Markets

The Direct Account Closure Allegation Against Phyntex Markets

A Malaysia-based trader alleged that Phyntex Markets directly closed his account and prevented him from accessing fund withdrawals. Seeing this, the trader contacted the Phyntex Markets customer support team, but to no avail. The team did not respond to the trader‘s queries. Annoyed by the overall treatment, the trader shared a negative Phyntex Markets review on WikiFX, the world’s leading forex regulation inquiry app. Check out the review below.

The Account Ban Complaint Against Phyntex Markets

A trader claimed to have made a profit on the Phyntex Markets platform. However, acting as a true scam forex broker, Phyntex Markets banned his forex trading account, trapping his hard-earned profits with this move. The trader vented out his anger on failing to withdraw profits visible on the Phyntex Markets login with this negative review. Take a look!

Examining the Account Freeze Allegation

A trader alleged that Phyntex Markets has frozen his trading account, leading to the fund blockage. However, the trader acted smartly by consulting a legal firm that helped him recover funds through impressive support and commitment. The clear communication and a professional approach adopted by the firm calmed the trader who faced a severe crisis when withdrawals were denied by Phyntex Markets. Here is what the trader said when sharing the Phyntex Markets review.

The Review of Phyntex Markets by WikiFX: Regulation & Score Update

The issues concerning fund withdrawals made the WikiFX team investigate the broker thoroughly on its regulatory status. As the investigation began, the team started checking the licensing status of the broker. However, the team did not find a valid license for Phyntex Markets, which has been in business for over two years. This prompted the WikiFX team to keep the brokers score to just 1.96 out of 10.

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