Introduction
FoxiTrade is a new online broker that offers a range of features and services to its clients. In this review, we will take a look at the company’s regulation, trading platforms and instruments, as well as the pros and cons of using FoxiTrade.
About FoxiTrade
FoxiTrade is a multi-asset online trading platform that offers a wide range of instruments for trading. It is owned and operated by Foxi Ltd, a company registered in the Seychelles. The company is regulated by the Financial Services Authority (FSA) of the Seychelles.
The platform offers two account types – Standard and VIP. The Standard account requires a minimum deposit of $250, while the VIP account requires a minimum deposit of $25,000. Both account types offer leverage of up to 1:500 and access to all tradable instruments on the platform.
TheFoxiTrade trading platform is available as a web-based platform or as a mobile application for Android and iOS devices. The platform is user-friendly and features advanced charting tools, a variety of order types, and real-time market news feed.
FoxiTrade offers customer support 24/5 through live chat, email, or telephone.
FoxiTrade Regulations
FoxiTrade is a licensed and regulated broker. They are located in the Republic of Seychelles and are regulated by the Financial Services Authority (FSA). FoxiTrade offers the MetaTrader 4 and WebTrader platforms. They offer a wide variety of instruments including forex, CFDs, and cryptocurrencies.
Pros:
-Licensed and regulated broker
-MetaTrader 4 and WebTrader platforms
-Wide variety of instruments
Cons:
-Not available to US traders
FoxiTrade Trading Platforms and instruments
FoxiTrade offers a variety of different trading platforms and instruments to its clients. The most popular platform among retail investors is the MetaTrader 4 (MT4) platform. FoxiTrade also offers the more advanced MetaTrader 5 (MT5) platform as well as the cTrader platform.
Each of these platforms offer a different set of features and tools. MT4 is the most widely used platform among online Forex brokers and is ideal for beginner to intermediate level traders. MT5 is designed for more advanced traders and includes additional features such as tick charting, depth of market analysis and more. cTrader is a less commonly used platform but provides some unique features such as an advanced order management system and customisable interface.
In terms of instruments, FoxiTrade offers clients the ability to trade a wide range of financial markets including forex, metals, indices, energies and cryptocurrencies. Clients can trade these markets via spot contracts or through derivatives such as CFDs or futures contracts.
Pros and Cons of FoxiTrade
When it comes to online trading, there are a lot of different platforms and brokers to choose from. So, how do you know if FoxiTrade is the right choice for you? In this review, we’ll take a look at the pros and cons of this broker to help you make a decision.
PROS:
– Regulated by CySEC
– Variety of tradable assets
– Competitive spreads
– User-friendly platform
– Excellent customer support
CONS:
– Limited education resources
Conclusion
Overall, we found FoxiTrade to be a reliable and user-friendly trading platform. The company is properly regulated and offers a good selection of tradable assets. We also liked the fact that there are no hidden fees or commissions charged on trades. The only downside is that the number of markets available for trade is somewhat limited compared to other online brokers.