Verified: FoxiTrade Is Operated Through The Website Https://foxitrade.com/.
The Company's Website Is Not Currently Operational And Information About The Company Is Not Immediately Available. Traders Are Asked To Be Aware Of The Risks In Case Their Funds Are Damaged.
As For Regulation, It Has Been Verified That FoxiTrade Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose And Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: FoxiTrade Is An Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulatory Authority To Hold Companies Accountable, The Lack Of Regulation Can Increase The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will 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 As Much As Possible When Choosing A Broker.
The Following Is The General Information Of The Company Found Through The Internet:
FoxiTrade Was Established In 2021 And Is An Online Forex And CFD Broker Registered In Malaysia. It Claims To Provide Customers With The Widely Used MetaTrader4 Platform.
They Offer Leverage Up To 1:100. Floating Spreads Cover A Wide Range Of Financial Instruments Such As Forex, Contracts For Difference, Precious Metals, Energy, Commodities And Futures. FoxiTrade Currently Has No Effective Regulation. Please Be Aware Of The Risks.
FoxiTrade Claims To Offer A Wide Range Of Trading Tools On Financial Marekt, Including All Forex Major Currency Pairs, All Precious Metals, Oil, Indices, Energy, Commodities And Futures.
Leverage
FoxiTrade Offers A Maximum Leverage Ratio Of 1:100. Keep In Mind That While Leverage Can Amplify Profits And Losses, High Leverage Is Not Recommended For Beginners.
Spreads
Through FoxiTrade's Demo MetaTrader4 Account, We Have Found That The Spread For The EUR/USD Currency Pair Is Approximately 2 Pips.
Trading Platform
FoxiTrade Offers Traders The Highly Trusted And Widely Used MetaTrader4 Platform, Available On Desktop, IPhone And Android Devices. MT4 Is A Modern, Versatile Platform Known For Its User-friendly Interface And Customizable Features.
Deposits And Withdrawals
FoxiTrade Claims To Accept Deposits And Withdrawals From Bank Telegraphic Transfers And Credit/debit Cards Such As Visa And MasterCard.
Please Note That If You Use Bank Telegraphic Transfers For Less Than The Minimum Amount Of $100, Your Trading Account Will Be Topped Up And Banned From Trading.
This Broker Claims Not To Charge Any Withdrawal Fee Processing Fees, But Banks May Charge Some Withdrawal Fee Processing Fees.
As For The Processing Time Of Deposit And Withdrawal Requests, Deposits Are Referred To As Instant Arrival And Do Not Include Bank Telegraphic Transfers. Withdrawals With Bank Telegraphic Transfers Usually Take At Least 2 Working Days To Transfer Funds To Your Account, For The SEPA Area. In Addition To This, It Takes 5 Working Days And Can Take Longer Due To Internal Banking Processes. In Comparison, Withdrawals With Credit/debit Cards Usually Take 5-7 Working Days To Process.
