FOX Markets
Insightful Overview of FOX Markets: Everything You Need to Know
FOX Markets is a brokerage firm that positions itself as a “respected broker” and emphasizes its commitment to “top-notch security measures.” The company specializes in offering a diverse range of financial instruments across 5 key categories:
- Cryptocurrency: Including popular options such as Bitcoin, Litecoin, and Ethereum.
- Forex: Encompassing trading opportunities across more than 40 currency pairs.
- Indices: Offering access to various stock portfolios representing distinct markets.
- Commodities: Involving ETF trading of commodities like coffee, cocoa, sugar, corn, and more.
- Metals: Providing avenues for trading ETFs and CFDs on precious metals.
FOX Markets positions itself as a broker that delivers tight spreads, minimal commissions, and a fair trading environment. Your personal trading encounters with the broker can either validate or challenge these claims.
Company Background and Regulatory Standing
Establishment Date: The website does not provide a detailed history of the company. The year 2020 is cited as the commencement of its services.
Location: FOX Markets Ltd is registered in Saint Vincent and the Grenadines, following a conventional offshore registration address.
Contact Information: Direct communication with SL is not facilitated, barring online chat support.
Regulatory Oversight: The website lacks transparency regarding licensing or affiliation with a Self-Regulatory Organization (SRO).
Trading Terms and Account Offerings
FOX Markets presents an array of trading advantages, including unrestricted position holding, rapid trade execution, a low minimum deposit requirement, tight spreads, and more.
The broker extends 2 distinct account types: Standard and STP. Specific deposit amounts are not disclosed.
Standard Account: Supports various currencies, offers leverage up to 1:400, a minimum order size of 0.01 lot, and a $10 commission structure.
STP Account: Shares similar features with the Standard Account, but with a reduced $5 commission.
FOX Markets also provides a demo account option and tailors special conditions for sizeable investors.
Additional Offerings and Services
FOX Markets introduces the Fox Master Trader service, allowing clients to replicate trades made by successful traders, and also features an affiliate program. Client testimonials play a pivotal role in guiding prospective and existing clients of FOX Markets.
This review has been prepared by the specialists at ExpertsReview.