Upon Verification: Foxi Markets Is Operating Through The Website Https://foximarkets.com/.
The Company's Website Is Currently Defunct, Inaccessible, Appears To Be Out Of Business, And Detailed Information About The Company Is Not Immediately Available. Traders Must Be Vigilant In Case They Are Deceived And Their Funds Are Damaged.
It Has Been Reviewed That Foxi Markets Is An Unregulated Broker
Foxi Markets Claims That It Is Regulated By The Financial Conduct Authority (FCA) And The Australian Securities And Investments Commission (ASIC), And Has Provided So-called Licensing Information To Support These Claims.
However, Our Verification With Both Regulators Indicates That The Licensee With The Same Name In The Register Is No Longer Authorized And Regulated.
Furthermore, The Records Of These Two Regulators Are Not Sufficient To Confirm That Foxi Markets Is Associated With These Now Defunct Licenses.
Although Foxi Markets Claims To Be Registered In Thailand, Only A Purported Company Registration Number Has Been Provided. As Of Now, There Are No Specific Regulations For Foreign Exchange Trading In The Country, Nor Is There A Dedicated Financial Regulator Responsible For Licensing Or Regulating The Foreign Exchange Market.
Foxi Markets Is Not Regulated By Any Regulatory Body. Entrusting Investors With Their Funds Is High Risk As There Are No Legal Protections To Protect Those Funds.
And It Is Highly Likely That They Are A Fake Trader, So We Recommend Against Investing In Foxi Markets.
And Most Non-compliant Brokers Will Not Disclose Providing Their Direct Real Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Foxi Markets Is An Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
