Fox Markets (fox-markets.com) is a Forex brokerage located in the Saint Vincent and the Grenadines.
In the review below, we take an in-depth look at the feat Fox Markets allegedly offers. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods. It also aims to fact check claims that have been made the fox-markets? .com pro to determine whether it is safe enough to trade with or if it is just one gigantic scam.
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Fox Market Trading platform
Fox-markets.com claims that their mission as a broker is to provide a one-stop-shop for your trading experience to be an effective and skillful one. They claim that they have a deep understanding of what traders and networks need and have worked on a platform which offers competitive pricing, ultra-fast execution, full-transparency, vast product range and complete support, to give their clients the confidence they need to trade the market.
They offer traders the opportunity to trade Forex and CFDs on Commodities, Indices and Shares. They do this by supporting MT4 Trading platform.
Account types
They have two account types. The minimum deposit is not disclosed
Fox Market Deposit and withdrawal methods
In this section we will be discussing the methods of depositing and withdrawal that is used by this broker.
Fox markets only support transactions through Bitcoin, however, e-wallets such as Visa and MasterCard, web money, Skrill and Neteller are not available.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is Fox Markets Licensed?
Saint Vincent and the Grenadines is a well-known offshore zone, and a preferred location for shady brokerage. Although this broker doesn’t claim to be regulated by the government of SVG, the government of the SVG has stated in the past it does not regulate any form of forex trading.
Fox Markets failed to mention what body it was registered under. So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning noble-markets.com.
So, no, this broker is not a licensed broker.
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Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Conclusion
Fox market doesn’t give an in-depth explanation of their strategy.
We couldn’t find paying customer reviews to gauge the rate of satisfaction in the product
No verifiable trade results.
Although the website looks professional but the points above still leave doubts in our minds and as such, we won’t be able to recommend this software to anyone.