Webfox Overview
Webfox Is An Online Trading Platform Founded In 2023, Registered In The United Arab Emirates (UAE), But Not Currently Regulated By Any Reputable Regulatory Authority. The Platform Offers 20,000 + Market Instruments Covering Asset Classes Such As Forex, Commodities, Metals, Energy, ETFs And Equities. The Following Is A Detailed Overview Of The Main Features, Benefits, And Features Of Webfox:
Company Background
Established: 2023
Registered Country: United Arab Emirates
Regulatory Status: Unregulated
Market Instruments: 20,000 + (Forex, Commodities, Metals, Energy, ETFs, Stocks)
Demo Account: Support
Regional Restrictions: Users From The United States, Cuba, Iraq, Myanmar, North Korea, And Sudan Are Not Accepted
Advantages And Disadvantages
Advantages:
Multiple Account Types Available (Standard, Professional, ECN And Elite Accounts).
Broad Range Of Tradable Products With Support For More Than 20,000 Instruments.
Interest-free Trading (no Interest On Overnight Trading).
Flexible Spreads Up To A Minimum Of 0 Pips.
Disadvantages:
Unregulated, Increasing Investment Risk.
Some Trading Conditions Are Opaque (such As Trade Execution Details).
Some Important Asset Classes (such As Indices, Stocks, And Cryptocurrencies) Are Missing.
Tradable Asset Classes
Webfox Supports The Following Asset Classes:
Forex: Supports Trading In Multiple Currency Pairs.
Precious Metals: Such As Gold, Silver, Etc.
Commodities: Includes Crude Oil, Natural Gas, And Other Commodities.
Energy: Offers Trading Products Related To Energy.
ETF: Supports Exchange-traded Funds (ETFs).
Stocks: Partially Supported (restricted).
Unsupported Asset Classes Include Indices, Cryptocurrencies, And Options.
Account Type/Leverage/Spread
Webfox Offers Four Account Types To Meet The Needs Of Different Traders:
Account Type, Minimum Deposit, Spread Range, Leverage, Interest-Free Trading
Standard Account 100 Dollars 1.5 Pips 1:500 Yes
Professional Account 1000 Dollars 0.8 Pips 1:500 Yes
ECN Account 10000 Dollars 0.1 Pips 1:500 Yes
Elite Account 10000 Dollars 0 Pips 1:500 Yes
Trading Platform
Webfox Supports The MetaTrader 5 (MT5) Trading Platform, Suitable For Desktop, Mobile And Web, To Meet The Needs Of Experienced Traders. Not Supported By The MT4 Platform.
Customer Support
Support Time: 24/5 (partial Time Support).
Contact Information:
Tel: + 971-42886095
Email: Support@webfoxfx.com
Contact Form: Inquiries Can Be Submitted Through The Official Website.
Company Address
Webfox's Office Address Is Located At:
Room 1204, Block 1, Trade Center, 335 Sheikh Zayed Road, Dubai, United Arab Emirates.
Legality Of Webfox
Since Webfox Is Not Regulated By Any Well-known Regulatory Authority, Investors May Have Higher Risks When Trading On The Platform. Before Choosing Webfox, It Is Recommended To Carefully Consider Its Unregulated Disadvantages.
Summary
Webfox, As A Platform Offering A Wide Range Of Trading Tools, Is Suitable For Investors Who Wish To Diversify Their Trading. However, Its Unregulated Status Can Pose A Danger To Risk-sensitive Traders. When Choosing Webfox, Weigh Its Advantages Against Latent Risks.
