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Influence index NO.1
No valid regulatory information, please be aware of the risk!
General Information & Regulation
Fox Markets, a trading name of Fox Markets Ltd, is allegedly a suspicious regulated forex broker registered in Saint Vincent and the Grenadines that claims to provide its clients with a wide variety of tradable financial instruments with leverage up to 1:400 on the worlds most trusted and popular MetaTrader4 and MetaTrader5 trading platforms, as well as a choice of four different account types and 24/5 customer support service.
Fox Markets advertises that it mainly offers five different asset classes in financial markets, including cryptocurrencies, forex, indices, commodities and metals.
There are two live trading accounts offered by Fox Markets, namely Standard and STP. Besides, demo accounts and customized accounts are also available. However, the broker didnt directly reveal any information about the minimum initial deposit requirement on its official site.
A leverage ratio of up to 1:400 is offered by Fox Markets, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads & Commissions
Fox Markets claims that both Standard and STP accounts have market spreads, yet no specific value is involved. As for commissions, the Standard account requires a commission of $10, while the STP account has a commission of $5.
Trading Platform Available
Platforms available for trading at Fox Markets are the industry-standard MetaTrader4 and MetaTrader5 trading platforms, available for all devices. However, MT5 is only available by request over the support. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Fox Markets official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of bank transfers, credit/debit cards, Sofort, wire transfers, giropay, Bitcoin, advcash and Skrill.
You can get in touch with Fox Markets by live chat. Besides, you can also follow this broker on some social media platforms such as Facebook and Instagram. However, this broker doesnt disclose other more direct contact information like telephone numbers, email or the company address that most regulated brokers offer.
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