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Phantomgap Review | Financial Success or a Scam?

by Kevin Berry
Rating: 
  1.1/5   Reviews: 4
Phantomgap - logo

Welcome to the enigmatic world of Phantomgap, a realm filled with enticing promises of financial success and captivating investment opportunities. However, before we venture further, let us pause and delve into the depths of this shadowy landscape. Today, we embark on a thought-provoking expedition to expose the true nature of this scam. Prepare yourself for an enlightening journey as we dive into this comprehensive review, where all secrets will be unveiled.

Highlights

🏛️ Country Switzerland
⚠️ Regulation
🖥️ Website https://phantomgap.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $10,000
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform Unknown
📨 E-mail support@phantomgap.com
📞 Phone +1(5878) 858 834

First Impression of Phantomgap.com

The official website of the broker falls flat in numerous aspects, leaving a negative impression that is hard to overlook. First and foremost, the design is lackluster and uninspiring. It lacks creativity and fails to captivate visitors, leaving them with a sense of disinterest and detachment.

Furthermore, navigating through the website proves to be a frustrating experience. Users encounter numerous loading issues, resulting in slow page speeds and frequent disruptions. This not only hampers the overall user experience but also raises concerns about the website’s reliability and technical competence.

Phantomgap - website

In addition to these technical shortcomings, the mobile version of the website suffers from poor adaptation. It fails to seamlessly adjust to different screen sizes and resolutions, making it difficult for mobile users to access and navigate the platform effectively.

Moreover, upon exploring the content of the website, we noticed an excessive amount of self-praise and exaggerated claims. The broker seems more focused on self-promotion rather than providing transparent and valuable information to potential clients.

Account Opening on Phantomgap.com

The registration process on the Phantomgap platform is a source of confusion and raises serious doubts about the broker’s credibility. Unlike reputable brokers who offer a clear and straightforward account opening procedure, Phantomgap provides no visible registration form on their website. Instead, they only offer a login option, leaving potential clients in a state of uncertainty and mistrust.

Verification

Phantomgap has a mandatory verification process in place for its clients, although we have not personally experienced it. Based on industry standards, we can reasonably assume that this process follows the common protocols used by reputable brokers. Verification procedures typically require clients to provide personal information and submit identity documents, such as a passport or driver’s license, to authenticate their identity and establish a legitimate trading account.

While the specifics of Phantomgap’s verification process may vary, it is essential to approach it with caution and skepticism, given the overall questionable nature of the broker. It is crucial to conduct thorough research and exercise due diligence before sharing personal information or submitting any documents.

Pros
  • The broker follows KYC policy.
Cons
  • There is no option to register.

Trading Software

Phantomgap claims to provide the MetaTrader 5 platform for trading, even offering download links on its website. While it may be possible to download the software, trading through it is highly unlikely. The reason being that Phantomgap is not authorized to operate on this platform. Therefore, all its claims of offering MT5 for trading are mere fantasies and should not be taken seriously.

The MetaTrader 5 platform is a widely recognized and trusted trading platform used by reputable brokers around the world. It offers advanced features, comprehensive charting tools, and a wide range of trading instruments. However, it is essential to note that brokers must be authorized and regulated by the platform provider to offer their services through MT5.

Phantomgap’s misleading claims about providing MT5 raise concerns about their credibility and integrity as a broker. It is crucial for traders to be cautious and skeptical of such statements, as they may be used as a deceptive tactic to attract unsuspecting clients.

Features Phantomgap AiFxMarkets  OceanFX
Demo Account
Mobile App ✔️
Own Development ✔️

How Can I Trade With Phantomgap?

So, let’s see what traders can expect here and whether this broker is suitable for both beginners and professionals.

All Info About Accounts

Phantomgap claims to offer a range of trading accounts with varying features and benefits. However, it is important to note that the lack of a demo account raises concerns, especially for novice traders. Without a demo account, beginners may find it challenging to familiarize themselves with the trading platform and practice their strategies before risking real money. Moreover, Phantomgap suggests a minimum deposit of $10,000 to start trading, which might not be suitable or affordable for many individuals.

The broker mentions additional services such as basic education, platform introduction, and a personal manager, but fails to provide comprehensive information about spreads and leverage. These factors are crucial for traders as they directly impact trading costs and risk management. The absence of specific details in this regard raises doubts about the transparency and clarity of the broker’s trading conditions.

Furthermore, Phantomgap highlights the benefits associated with higher deposit amounts. For instance, the Silver account offers trading signals, while the Gold account provides risk-free trades.

Pros
  • None.
Cons
  • Dubious additional services.

Market Analysis and Education With Phantomgap.com

Phantomgap attempts to attract traders by offering the enticing proposition of risk-free trades. However, it’s important to approach such claims with caution and skepticism. In reality, trading in financial markets always carries an inherent level of risk, and the notion of completely risk-free trades is unrealistic and misleading. Guarantees of risk-free trades are often used as manipulative tactics to lure unsuspecting traders into depositing funds without fully understanding the potential risks involved.

Another aspect that raises concerns is the offer of consultations with anonymous analysts. The lack of transparency regarding the identity and qualifications of these analysts is worrisome.

Deposit, Withdrawal, and Fees

The company offers a variety of payment options for clients to deposit funds into their trading accounts. These options include commonly used methods such as credit and debit cards, bank transfers, and even cryptocurrency. This variety of payment options may seem convenient and appealing to potential traders.

However, when it comes to the equally important process of withdrawing funds from the trading account, the lack of information provided by Phantomgap is concerning. The website fails to disclose any specific details regarding the available withdrawal methods, leaving clients in the dark about how they can access their funds.

Features Phantomgap Royalzysk  Gainful Markets
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

Phantomgap claims to provide contact information for clients to reach out to them via phone and email. They present themselves as having their headquarters based in Switzerland. However, upon investigation, it is disappointing to discover that there is no trace of Phantomgap or its managing company at the provided address on the maps. Furthermore, it raises questions about the legitimacy of their claim to have an office in Switzerland. Especially considering that the footer of their website states that the broker is registered in Belize. This inconsistency in their statements is quite perplexing and suggests a lack of clarity or even deception on their part.

Pros
  • Full contacts.
Cons
  • Fake office address.

Is Phantomgap Dangerous?

Now, we have reached the point where we need to assess the legality of the broker’s operations. Let’s dive into it.

How Long Does The Broker Work?

To begin with, the name Phantomgap is unfamiliar to us, suggesting that this broker is relatively unknown in the market. However, we were not prepared for the extent of its novelty. According to domain verification, their official website was created on December 17, 2022. This means that the project has not even been in existence for a year yet, but it already proudly claims some form of leadership. Quite an audacious assertion, indeed.

Domain info

How Is Phantomgap Regulated?

Moving forward, let’s delve into the topic of Belize. According to the legend, the managing company of the broker is named IOS Investments Limited, and indeed, it is registered in the offshore jurisdiction. However, upon inspecting the registry of licensed companies by the International Financial Services Commission (IFSC), we found no trace of IOS Investments Limited or any affiliated entities. This strongly suggests that Phantomgap is not authorized to provide brokerage services. In fact, it appears that this fraudulent entity may have simply borrowed the name, as the original IOS Investments Limited was established back in 2016, while this project is relatively new.

License check

Features Phantomgap InvestFW  Sollari
European Zone
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

Kevin Berry
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Expert Opinion

I’ve got some insider knowledge to drop on you. You know those slick talkers over at Phantomgap? Well, let me tell you a little secret. They’ve got a knack for spinning tales about their Swiss headquarters. Can you believe it? It’s like they’re trying to sell you a Swiss chocolate bar but delivering a tasteless imitation.
But wait, there’s more! These scammers aren’t satisfied with just one trick up their sleeve. They’ve got a whole lineup of shady characters, and one of their infamous siblings is none other than Virgobanc. They love to play dress-up and pretend they’re the real deal.

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Phantomgap rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

4 reviews about Phantomgap

Marian Vega May 18, 2023 - 17:15
Untrustworthy broker with false claims
The level of trust
Efficiency of technical support

Phantomgap presents itself as a reputable broker, but I found their claims to be false and misleading. They boast about offering risk-free trades and exceptional profits, but it’s all a facade. Their trading conditions are unclear, and they lack transparency when it comes to fees and charges. Moreover, their customer service is subpar, leaving clients in the dark when issues arise. I cannot recommend this broker due to their untrustworthy practices.

Reply
Larry June 7, 2023 - 09:23
Stay away from this broker!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I regret ever getting involved with Phantomgap. Their promises of lucrative investment opportunities turned out to be empty words. The lack of proper licensing and regulation raised concerns about the legitimacy of their operations. Furthermore, their trading platform was glitchy, making it difficult to execute trades effectively. When I tried to voice my concerns, their support team was dismissive and unhelpful. Save yourself the trouble and avoid Phantomgap at all costs.

Reply
Rose June 23, 2023 - 21:23
Regretful experience
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I had a terrible experience with Phantomgap. The registration process was confusing and lacked transparency. They claimed to offer advanced trading tools and a user-friendly platform, but it was all smoke and mirrors. Their customer support was unresponsive, and when I tried to withdraw my funds, it became a nightmare. I suspect this broker is a scam, and I highly recommend staying away from them.

Reply
Ron July 29, 2023 - 10:43
Phantom Gap Review

Trading was very successful, but have not had one successful withdrawal of funds except for an original test run of $2000 US. I am still waiting for a successful withdrawal. Trading, mainly forex and commodities quickly took my account to over $2m. At this point, I doubt I will ever see a successful withdrawal. I am an 80 yr old and hate to admit how much of my money I have invested. It is heartbreaking to say the least. I wonder, are there any significant withdrawal successes out there?

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