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Fox Markets

Saint Vincent and the Grenadines|2-5 years|
Suspicious Scope of Business|High potential risk|

https://fox-markets.com/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Germany 2.57

Surpassed 92.36% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@fox-markets.com
https://fox-markets.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Fox Markets Ltd

Abbreviation

Fox Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Fox Markets · WikiFX Survey

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Fox Markets · Company Summary

Fox Markets Basic Information
Company Name Fox Markets
Founded 2017
Headquarters Saint Vincent and the Grenadines
Regulations Not regulated
Tradable Assets Forex, commodities, metals, indices and crypto
Account Types Demo account, Cent account, STP account and Expert account
Maximum Leverage 1:500
Spreads From 0.1 pips
Commissions Free (Cent account, STP account)$5 USD (Expert account)
Payment Methods Payment service providers, banks and Crypto Currencies.
Trading Platforms MetaTrader 4(MT4)
Trading Tools Expert Advisors (EA), Depth of Market (DoM), inbuilt spread monitoring, ladder trading, automated close of trades with custom order templates, and more
Customer Support Email(info@fox-markets.com orsupport@fox-markets.com)

Overview of Fox Markets

Fox Markets, established in 2017 and headquartered in Saint Vincent and the Grenadines, offers traders a variety of trading instruments through its unregulated platform. With account types catering to different trading needs and leveraging the MetaTrader 4 (MT4) platform, Fox Markets aims to provide accessible and professional trading services. However, its lack of regulation may pose risks to traders, requiring careful consideration before engaging in trading activities.

Overview of Fox Markets

Is Fox Markets Legit?

Fox Markets is not regulated. Please be aware that Fox Markets operates without any valid regulation, indicating a lack of oversight from established financial regulatory authorities. Traders should exercise caution when considering this broker, as trading with an unregulated entity like Fox Markets may entail various risks. These risks include limited avenues for dispute resolution, potential concerns regarding the safety and security of funds, and a lack of transparency in the broker's operations.

Is Fox Markets Legit?

Pros and Cons

Fox Markets offers a diverse range of trading instruments, multiple account types, and the popular MetaTrader 4 platform, providing traders with flexibility and options. However, the absence of regulatory oversight exposes traders to potential risks. Limited customer support options, primarily through email, and a lack of educational resources or transparency regarding company policies and procedures may hinder traders seeking assistance or clarification. While Fox Markets provides flexibility with variable spreads, the unclear information on minimum deposits raises concerns about transparency. Overall, traders should approach Fox Markets with caution due to the lack of regulatory supervision and limited support resources.

Pros Cons
  • Diverse range of trading instruments
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Offers multiple account types
  • Limited customer support options, primarily through email
  • Utilizes the popular MetaTrader 4 platform
  • Lack of educational resources or transparency regarding company policies and procedures
  • Provides flexibility with variable spreads
  • Unclear information on minimum deposit

Trading Instruments

Fox Markets offers a diverse array of trading instruments, including Forex, Commodities, Metals, Indices, and Crypto.

In Forex, traders can engage in trading in over 40 currency pairs.

For Commodities, Fox Markets provides access to Exchange Traded Funds (ETFs) encompassing commodities such as Coffee, Sugar, Corn, Wheat, Soybean, and fruit.

In Metals, traders can explore Contracts For Difference (CFDs) and Commodity Exchange Traded Funds (ETFs) featuring precious metals like Gold, Platinum, Palladium, and Silver, alongside pairs like Gold/Dollar and Silver/Dollar.

Indices are readily accessible, providing portfolios or groups of stocks in specific markets or sectors.

Lastly, the Crypto sector offers enticing opportunities for investment and trading with cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

Trading Instruments

Account Types

Fox Markets offers four types of accounts: Demo Account, Cent Account, STP Account, and Expert Account.

The Demo Account is designed for beginners to practice trading without risking real money, allowing them to learn from their mistakes and successes.

The Cent Account provides access to leverage of up to 1:500, enabling traders to potentially earn big without the risk of significant losses.

The STP Account offers ultra-fast execution speeds and competitive spreads by routing trades directly to liquidity providers.

Lastly, the Expert Account is tailored for experienced traders with bespoke plans created to meet their specific needs and strategies, requiring a minimum deposit of $100,000.

Account Type Trading Platforms Maximum Leverage Commissions Spreads
Cent Account MT4 1:500 $0 USD From 1.2 pips
STP Account MT4 1:500 $0 USD From 1 pip
Expert Account MT4 1:500 $5 USD From 0.1 pips
Account Types

Leverage

Fox Markets offers a maximum leverage of 1:500 for Cent Account, STP Account, and Expert Account.

Spreads and Commissions

Fox Markets offers varying spreads and commissions across its account types. The Cent Account features no commissions and spreads starting from 1.2 pips, while the STP Account also has no commissions with spreads from 1 pip. On the other hand, the Expert Account incurs a commission of $5 USD and offers tighter spreads starting from 0.1 pips.

Deposit & Withdraw Methods

Fox Markets offers a wide range of options for depositing funds into accounts and making withdrawals as needed. Fox Markets exclusively collaborates with major and established professional payment service providers and banks. Additionally, deposits and withdrawals in cryptocurrencies are accepted.

Deposit & Withdraw Methods

Trading Platforms

Fox Markets provides the MetaTrader 4 (MT4) as its trading platform. This platform combines a user-friendly interface with customizable rich features and quality trading execution. Traders can place orders, manage positions, and develop automated trading strategies tailored to their individual preferences and trading styles.

Trading Platforms

Trading Tools

Fox Markets offers the Cent Account, STP Account, and Expert Account, all of which allow the use of Expert Advisors (EA). Fox Markets provides traders with cutting-edge tools, including Depth of Market (DoM), inbuilt spread monitoring, ladder trading, and automated close of trades with custom order templates, and more.

Customer Support

Cent Account, STP Account, and Expert Account users all benefit from 24/7 support and personalized customer advisors. For assistance, clients can contact Fox Markets via email atinfo@fox-markets.com for general inquiries and information, or support@fox-markets.com for specific support-related issues.

Customer Support

Conclusion

In conclusion, Fox Markets offers traders a diverse range of trading instruments and account types, complemented by the widely used MetaTrader 4 platform, which enables flexible and accessible trading opportunities. However, the absence of regulatory oversight exposes traders to potential risks. Additionally, the lack of educational resources, along with unclear company policies and procedures, may pose challenges for traders seeking comprehensive guidance. Therefore, traders are advised to exercise caution and conduct thorough research before engaging with Fox Markets to mitigate potential risks and ensure a safer trading experience.

FAQs

Q: Is Fox Markets regulated?

A: No, Fox Markets operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.

Q: What trading instruments are available on Fox Markets?

A: Fox Markets offers a diverse array of trading instruments, including Forex, Commodities, Metals, Indices, and Crypto.

Q: What account types does Fox Markets offer?

A: Fox Markets provides four types of accounts: Demo Account, Cent Account, STP Account, and Expert Account, catering to different trading preferences and experience levels.

Q: How can I contact Fox Markets's customer support?

A: You can reach Fox Markets's customer support primarily through email at info@fox-markets.com for general inquiries and information, or support@fox-markets.com for specific support-related issues.

Risk Warning

Trading online carries significant risks, and there is a possibility of losing all invested capital. It may not be suitable for all traders or investors. It is essential to thoroughly understand the associated risks and acknowledge that the information presented in this review could change due to updates in the company's services and policies. Additionally, the review's generation date is crucial to consider, as information may have evolved since then. Therefore, readers are encouraged to verify updated information directly with the company before making any decisions or taking action. The reader bears sole responsibility for the use of the information provided in this review.

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