Below is a comprehensive analysis of FoxiTrade (official website: https://foxitrade.com/) based on the requested criteria: online complaints, risk level assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, potential risk indicators, website content analysis, regulatory status, user precautions, and potential brand confusion. The analysis draws on available information, including web sources, and critically evaluates the data to provide an objective assessment.

1. Online Complaint Information ¶

• Complaints and Reviews: A review from TheForexReview.com (dated February 8, 2022) labels FoxiTrade as a dubious operation, suggesting it may be a scam scheme. The review highlights the lack of basic functionality on the website, such as the inability to register an account, and raises concerns about the legitimacy of its services. No user-generated complaints were found on major platforms like Trustpilot or WikiFX, but the absence of reviews itself is a red flag, as legitimate brokers typically have a mix of positive and negative feedback.
• Scam Allegations: TheForexReview.com notes that FoxiTrade’s claims of being a trusted broker are not backed by evidence, and the website’s incomplete state suggests it might be a work-in-progress scam or an abandoned project. No direct evidence of user financial losses was found, but the lack of transparency and functionality fuels suspicion.
• CFTC Warnings: The U.S. Commodity Futures Trading Commission (CFTC) has not issued specific warnings about FoxiTrade, but it emphasizes the rise in forex trading scams, particularly those operating without regulatory oversight, which aligns with concerns about FoxiTrade. Assessment: The limited but highly critical complaint information, combined with a lack of user feedback, suggests significant risk. Legitimate brokers typically have a visible online presence with both positive and negative reviews.

2. Risk Level Assessment ¶

• Operational Risks: FoxiTrade claims to offer trading in forex, commodities, indices, and other assets with no dealing desk and fast execution. However, the lack of verifiable evidence for these claims, coupled with the website’s reported lack of functionality, indicates a high operational risk.
• Financial Risks: The absence of transparent Terms and Conditions or fee structures raises the risk of hidden fees, unexpected losses, or withdrawal restrictions. TheForexReview.com warns that fraudsters often impose high withdrawal fees (e.g., 20-30%) or unattainable trading volume requirements, which could apply to FoxiTrade.
• Regulatory Risks: FoxiTrade’s lack of credible regulatory oversight (see Regulatory Status below) increases the risk of fund misappropriation or lack of recourse in disputes.
• User Experience Risks: The reported inability to register an account suggests poor user experience or intentional barriers to engagement, possibly to collect personal data without delivering services. Risk Level: High. The combination of unverified claims, lack of transparency, and potential scam indicators points to significant financial and operational risks.

3. Website Security Tools ¶

• SSL Certificate: FoxiTrade.com has a valid SSL certificate issued by cPanel, Inc., which was verified as of February 11, 2022, with an expiration date of March 30, 2022. While an SSL certificate ensures encrypted communication, it is a basic security feature, and even scam websites often use free or low-cost SSL certificates. The certificate’s status should be re-verified, as it may have expired or been updated.
• Security Protocols: No information is provided on additional security measures, such as two-factor authentication, data encryption beyond SSL, or protection against phishing. Legitimate brokers typically detail such measures prominently.
• Website Functionality: TheForexReview.com reported that the website lacked basic functionality, such as account registration, which could indicate poor maintenance or intentional design to mislead users. Assessment: The presence of an SSL certificate is a minimum standard, but the lack of detailed security protocols and reported website issues suggest inadequate protection. Users should exercise caution when sharing personal or financial data.

4. WHOIS Lookup ¶

• Domain Information:
• Domain Name: foxitrade.com
• Registrar: Web Commerce Communications Limited dba WebNic.cc
• Registration Date: January 18, 2021
• Updated Date: December 28, 2021
• Expiry Date: January 18, 2024
• Name Servers: ns1.domainsesia.net, ns2.domainsesia.net
• DNSSEC: Unsigned
• Registrant Details: WHOIS data does not publicly disclose registrant details due to privacy protections, which is common but limits transparency. The registrar, WebNic.cc, is a legitimate provider but has been used by both legitimate and questionable websites.
• Domain Age: The domain’s relatively recent creation (2021) is a potential red flag, as scam websites often use new domains to avoid a negative reputation. However, this alone is not conclusive, as new brokers can be legitimate. Assessment: The recent domain registration and lack of transparent registrant information raise concerns, especially given the lack of established reputation. Users should verify the domain’s current status, as it may have expired or changed hands since January 2024.

5. IP and Hosting Analysis ¶

• IP Address: 50.116.72.106 (as of February 2022)
• Hosting Provider: Unified Layer, US (a well-known hosting provider used by many websites, including legitimate ones).
• Server Location: United States
• Geographic Concerns: The server’s U.S. location contrasts with FoxiTrade’s claim of being based in the Marshall Islands (see Regulatory Status). This discrepancy could indicate a lack of operational coherence or an attempt to obscure the company’s true location.
• Hosting Reputation: Unified Layer is a reputable provider, but its use by a wide range of websites, including low-quality or scam sites, means it is not a strong indicator of legitimacy. Assessment: The U.S.-based hosting is neutral but does not align with the claimed Marshall Islands base, adding to transparency concerns. No specific hosting-related red flags were identified, but the discrepancy warrants caution.

6. Social Media Presence ¶

• Presence: No verifiable social media accounts for FoxiTrade were identified through the provided sources or a general search. Legitimate brokers typically maintain active profiles on platforms like Twitter, LinkedIn, or Facebook to engage with clients and share updates.
• Engagement: The lack of social media presence is a significant red flag, as it suggests limited public engagement or an intentional effort to avoid scrutiny. TheForexReview.com notes that scammers often use social media to lure victims with promises of easy profits, but FoxiTrade’s absence could indicate either abandonment or a low-profile scam.
• Risk Indicators: The absence of social media reduces transparency and makes it harder for users to verify the broker’s reputation or interact with other clients. Assessment: The lack of social media presence is a major concern, as it limits accountability and suggests FoxiTrade may not be actively engaging with a legitimate client base.

7. Red Flags and Potential Risk Indicators ¶

• Lack of Legal Documentation: FoxiTrade’s website lacks essential documents like Terms and Conditions, Client Agreements, or a Privacy Policy. This is a critical red flag, as legitimate brokers provide these to ensure transparency and compliance.
• Unverifiable Claims: The website claims FoxiTrade is a “trusted broker” with “strict regulatory compliance,” but no evidence supports these claims. TheForexReview.com found contradictory statements about regulation in the U.S. and Marshall Islands, both of which are false or misleading.
• Offshore Entity: FoxiTrade is reportedly owned by Foxitrade Limited, based in the Marshall Islands, an offshore jurisdiction with minimal regulatory oversight. The Marshall Islands is a common base for shady brokers due to lax incorporation rules and no brokerage regulations.
• Website Functionality Issues: The reported inability to register an account suggests the website may be incomplete, abandoned, or designed to collect data without providing services.
• No Regulatory License: Claims of U.S. regulation are false, as FoxiTrade is not registered with the CFTC or NFA. The Marshall Islands also lacks a regulatory framework for brokers.
• Low Online Visibility: The website has a low Tranco ranking, indicating limited traffic, which is unusual for a broker claiming to be well-established.
• Cryptocurrency Risks: While not explicitly mentioned, many offshore brokers encourage cryptocurrency payments to avoid chargebacks, increasing the risk of unrecoverable losses. Assessment: Multiple red flags, including missing documentation, false regulatory claims, and offshore operations, strongly suggest FoxiTrade is not a trustworthy broker and may be a scam.

8. Website Content Analysis ¶

• Content Overview: FoxiTrade’s website promotes itself as a full-service brokerage offering forex, commodities, indices, and other assets with “high-end technology” and “strict regulatory compliance.” It emphasizes transparency, security, and 24/7 customer support.
• Claims vs. Reality:
• Trusted Broker: The claim of being “one of the most well-established and trusted forex brokers” is unsupported, as the domain was registered in 2021, and no industry awards or client testimonials are provided.
• Regulatory Compliance: The website’s “Regulations” section falsely claims U.S. licensing, which is contradicted by its Marshall Islands base and lack of CFTC/NFA registration.
• Trading Conditions: Promises of no dealing desk, fast execution, and no requotes are standard marketing claims but lack verification without transparent trading records or third-party audits.
• Customer Support: Claims of 24/7 support via phone, chat, or email are unverified, and the lack of social media or user reviews suggests limited client interaction.
• Transparency Issues: The absence of detailed fee structures, account types, or withdrawal policies is a major concern. Legitimate brokers provide clear information to build trust.
• Professionalism: The website’s reported lack of functionality (e.g., no account registration) undermines its professional appearance, suggesting it may be a facade for data collection or fraud. Assessment: The website’s content is heavy on marketing claims but light on verifiable details, with false regulatory statements and missing critical information. This aligns with characteristics of scam websites.

9. Regulatory Status ¶

• Claimed Regulation:
• Marshall Islands: FoxiTrade claims to be regulated as Foxitrade Limited in the Marshall Islands. However, the Marshall Islands has no brokerage regulations or regulatory authority, making this claim meaningless. Incorporation in the Marshall Islands is easy and often used by scam brokers to avoid oversight.
• United States: The website’s “Regulations” section claims U.S. licensing, but FoxiTrade is not registered with the Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA), which are required for U.S. forex brokers. A WikiFX review confirms an NFA license number (0544992) is unauthorized and exceeds the scope of non-forex activities, indicating a false claim.
• Regulatory Verification:
• No evidence of regulation by reputable authorities (e.g., FCA, ASIC, CySEC) was found.
• WikiFX states that FoxiTrade has “no valid regulatory information” and warns of the associated risks.
• Implications: Operating without regulatory oversight means users have no protection for their funds, no recourse in disputes, and a higher risk of fraud. Assessment: FoxiTrade is unregulated, and its claims of U.S. and Marshall Islands regulation are false or misleading. This is a critical red flag, as unregulated brokers pose significant risks to investors.

10. User Precautions ¶

To protect themselves, users considering FoxiTrade should take the following precautions:

1. Avoid Investment: Given the high risk and scam indicators, users should avoid depositing funds with FoxiTrade until credible regulatory status and operational transparency are verified.
2. Verify Regulation: Check with reputable regulatory bodies (e.g., CFTC, NFA, FCA) to confirm a broker’s licensing status. FoxiTrade’s lack of regulation is a dealbreaker.
3. Research Reviews: Seek independent reviews on platforms like Trustpilot, ForexPeaceArmy, or WikiFX. The absence of user feedback for FoxiTrade is concerning.
4. Test with Small Amounts: If engaging with an unregulated broker, use a demo account or deposit only what you can afford to lose. However, this is not recommended for FoxiTrade due to its red flags.
5. Secure Payments: Use payment methods like credit cards that offer chargeback options, and avoid cryptocurrencies, which are harder to recover.
6. Check Documentation: Demand clear Terms and Conditions, fee structures, and withdrawal policies before engaging. FoxiTrade’s lack of these is a warning sign.
7. Report Suspicious Activity: If you encounter issues, report to the CFTC (866-366-2382) or other relevant authorities.
8. Monitor Data Sharing: Be cautious about sharing personal or financial information, as the website’s incomplete functionality could be a data collection scheme. Assessment: Users must exercise extreme caution and prioritize regulated brokers with transparent operations to avoid potential financial losses.

11. Potential Brand Confusion ¶

• Similar Names:
• FoxTrade (foxtrade.org): A different website offering broker reviews and trading information, not a broker itself. Its content is unrelated to FoxiTrade but could cause confusion due to the similar name.
• Fox Trading (foxtrading.io): An automated trading signals service for forex and binary options, registered in Cyprus since 2008. It is unregulated but offers MetaTrader 4 and has a different business model. The name similarity could lead to confusion.
• FoxTrader (foxtrader.in): An Indian platform for technical analysis and trading, focused on desktop tools. It is unrelated to forex brokerage but shares a similar name.
• FOXANE: A scam forex broker warned against by the FCA, AMF, and FSMA, based in St. Vincent and the Grenadines. Its “FoxTrader” platform and similar naming could confuse users with FoxiTrade.
• FOTrading/FOFX: An unregulated Malaysian forex broker with no verifiable regulatory status. The name similarity could cause confusion, though it operates differently.
• Domain Variations: The WHOIS data lists multiple domain variations (e.g., foxitrade.net, foxitrade.org) that could be used for phishing or to create fake websites mimicking FoxiTrade.
• Risk of Confusion: The similarity in names, especially with unregulated or scam entities like FOXANE, increases the risk of users mistakenly engaging with FoxiTrade, believing it to be a related or legitimate operation. The lack of a strong brand identity (e.g., no social media) exacerbates this issue. Assessment: The potential for brand confusion is high due to similar names in the forex and trading space, particularly with unregulated or scam brokers. Users must verify the exact website (https://foxitrade.com/) and avoid related domains.

Summary and Final Recommendation ¶

Overall Risk Level: High

• Key Concerns:
• Unregulated status with false claims of U.S. and Marshall Islands regulation.
• Multiple red flags: lack of legal documentation, website functionality issues, offshore base, and no social media presence.
• Critical review from TheForexReview.com suggesting a potential scam.
• Limited transparency on fees, trading conditions, and ownership.
• Risk of brand confusion with other unregulated or scam brokers.
• Recommendation: Avoid engaging with FoxiTrade until verifiable regulatory status, transparent documentation, and positive user feedback are established. Users should prioritize brokers regulated by reputable authorities (e.g., FCA, ASIC, CFTC) and conduct thorough due diligence before investing.
• Next Steps: If considering forex trading, research brokers on platforms like WikiFX, ForexPeaceArmy, or regulatory websites. Report any suspicious activity to the CFTC or local authorities. This analysis is based on available data as of April 23, 2025, and users should verify current information, as website status, ownership, or regulatory details may change.