FOX Markets: full information about the broker
FOX Markets – a company that claims to be a “recognized broker” and promotes its “high security standards.” The broker specializes in 5 groups of instruments:
- Cryptocurrency: Bitcoin, Litecoin, Ethereum;
- Forex: trading over 40 currency pairs;
- Indices: various stock portfolios represent individual markets;
- Commodities: ETF trading includes coffee, cocoa, sugar, corn, and others;
- Metals: access to ETFs and CFDs on precious metals.
FOX Markets claims to offer tight spreads, low commissions, and fair trading. Confirm or refute this with your own trading experience with the broker.
History and Regulation
Foundation date: The company’s history is not indicated on the website. 2020 is mentioned as the beginning of service provision.
Location: FOX Markets Ltd is registered in Saint Vincent and the Grenadines at a standard offshore address.
Contacts: Communication with SL is not provided except for online chat.
Regulation: There is no information on licensing or membership in an SRO.
Trading Conditions and Accounts
FOX Markets promises wide opportunities: no limit on position holding, ultra-fast execution, low minimum deposit, tight spreads, and other advantages.
The broker offers 2 types of accounts: Standard and STP. Deposit amounts are not disclosed.
Standard: Various currencies, leverage level 1:400, minimum order size 0.01 lot, $10 commission.
STP: Same conditions as the previous account, with a $5 commission.
FOX Markets offers a demo account and special conditions for large investors.
Other Services
The broker has created the Fox Master Trader service for copying trades of successful traders and has an affiliate program. Client reviews are important for all interested and current clients of FOX Markets.