⚠ Summary: International Regulatory Concern
Finance Phantom is an AI-powered trading platform offering cryptocurrency and forex services. The platform has received official warnings from financial regulators in the United Kingdom (FCA), Australia (ASIC), Canada (AMF Quebec), and has been listed on the international IOSCO Investor Alerts Portal. Users consistently report aggressive harassment with documented cases of receiving 30+ phone calls within 2 days of initial contact. The platform is not authorized or registered by any recognized financial authority.
🏛 Official Regulatory Warnings
Official warnings from government financial regulators across multiple countries.
The UK's Financial Conduct Authority issued a formal warning about Finance Phantom in January 2025. The FCA's statement declares:
"This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams."
The FCA warns that almost all firms and individuals must be authorised by the FCA to carry on or promote financial services. Finance Phantom is not authorised by the FCA and appears to be targeting people in the UK.
The warning identifies the website domains: financephantom.org and financephantom.com
The FCA reminds consumers that some firms may give out incorrect contact details including postal addresses, telephone numbers and email addresses, and they may change these contact details over time. They may also give details that belong to another business or individual to make the information look genuine.
If you deal with this firm you will NOT have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so it is unlikely you would get your money back if things go wrong.
- Official warning issued January 2025
- NOT authorized or registered by the FCA
- Multiple website domains identified
- No consumer protections available
- FCA advises to "avoid dealing with this firm"
ASIC has included Finance Phantom on its official Investor Alert List. According to ASIC's database:
"Finance Phantom (financephantom.org) - This entity is NOT allowed to offer investments in Australia because they don't have an Australian financial services (AFS) licence."
The Investor Alert List includes companies, businesses, or websites that ASIC considers investors should exercise caution when dealing with, primarily because they may be operating unlawfully in Australia.
ASIC's MoneySmart website advises consumers to check the Investor Alert List before dealing with any investment opportunity, especially those promoted online or through social media. They specifically warn about platforms that make unrealistic promises of high returns with low risk.
The regulator maintains this list as part of their commitment to protecting Australian investors from potential fraud and unlicensed operations.
- Listed on official ASIC Investor Alert List
- No Australian Financial Services (AFS) licence
- Not allowed to offer investments in Australia
- Consumers advised to exercise caution
The Autorité des marchés financiers (AMF) in Quebec, Canada issued a warning about Finance Phantom on July 30, 2024. The AMF's official statement:
"The Autorité des marchés financiers (AMF) is warning the public that Finance Phantom (financephantom.org) is not registered with the AMF and is therefore not authorized to engage in the activities of a dealer, adviser or investment fund manager."
The AMF clarifies: "This platform, which claims to be located in the United Kingdom, is operated by unidentified individuals. Anyone considering doing business with this entity has no recourse under the legal provisions administered by the AMF because these individuals do not hold the registration required by law."
The Quebec regulator specifically notes that the website has been included on the Canadian Securities Administrators (CSA) Investor Alerts list. The CSA is the umbrella organization for Canada's provincial and territorial securities regulators.
The AMF encourages people to consult the warnings section on its website before engaging with any financial service provider.
- Warning issued July 30, 2024
- NOT registered with AMF Quebec
- Operated by "unidentified individuals"
- Listed on CSA (Canada-wide) Investor Alerts
- No legal recourse under Quebec financial law
- Claims UK location but operators unknown
Finance Phantom appears on the International Organization of Securities Commissions (IOSCO) Investor Alerts Portal. IOSCO is the international body that brings together the world's securities regulators.
The IOSCO Investor Alerts Portal is a searchable database that aggregates warnings issued by securities regulators from around the world. The presence of Finance Phantom on this portal indicates that multiple national regulators have flagged concerns about this entity.
According to the portal listing, Finance Phantom has received warnings from regulators in multiple jurisdictions, demonstrating international coordination in identifying potentially fraudulent or unauthorized financial service providers.
IOSCO recommends that investors always check whether a firm or individual is properly registered with the local regulatory authority before investing any money.
- Listed on international IOSCO Investor Alerts Portal
- Multiple national regulators have flagged concerns
- International regulatory coordination demonstrated
- Database used by securities regulators worldwide
📰 Independent Reviews & User Experiences
Analysis from independent review sites and documented user experiences.
BrokerChooser has analyzed Finance Phantom and concluded:
"Finance Phantom is not a safe and trusted choice by BrokerChooser."
Their expert assessment states: "We checked and Finance Phantom is not regulated by a top-tier regulator, so you are better off avoiding it. Mid- and low-tier regulators just don't offer the same safety net as top-tier ones. They often lack strict rules, proper oversight mechanisms, or the resources to keep brokers in check."
BrokerChooser warns that brokers without proper top-tier regulation are more likely to engage in hidden fees, unfair pricing or even outright scams. If something goes wrong, getting your money back may be incredibly hard, if not impossible.
Good Money Guide reports:
"Finance Phantom highly likely to be a scam and is not a recommended financial service provider as there has been a warning published against them on the FCA register stating that this firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams."
The review notes that customer reviews have been turned off for this provider because they are not regulated by the FCA and are not allowed to provide financial services to UK customers.
User reviews on Trustpilot reveal concerning patterns of aggressive harassment after initial contact:
"Do not enter your details. They have been phoning me on average every 2 hours for the past 2 days. That's at least 30+ calls."
"SCAM - they phone on average every 2 hrs all day long. Aggressive sales tactics when you answer."
"Constant calls from different numbers. Blocked one, another calls within minutes. Do not give them any information."
Multiple reviewers describe a pattern where providing contact details results in persistent, aggressive phone campaigns that continue even after requesting to be removed from contact lists. This harassment pattern is consistent with high-pressure boiler room tactics commonly associated with investment fraud operations.
TopFX analysis identifies Finance Phantom as exhibiting classic investment scam characteristics:
"Finance Phantom is an unlicensed trading robot that promises profits through automated cryptocurrency and forex trading. It claims to use AI algorithms to execute trades, but there's no verifiable evidence of its legitimacy."
The review notes that the platform exhibits common scam indicators: no verifiable company registration, promises of guaranteed profits, aggressive marketing tactics, and withdrawal difficulties reported by users who have tried to recover funds.