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FOX GLOBAL -

Score

1.66 /10
Danger

FOX GLOBAL

Singapore

5-10 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

High potential risk

https://www.foxglobal.world

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.45

Risk Management Index0.00

Software Index4.58

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FOX GLOBAL

Company Abbreviation

FOX GLOBAL

Platform registered country and region

Singapore

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw money, account was deleted

You are required to pay taxes before withdrawing money, and you will definitely not get the money back. Hope there are no more victims.

2023-09-15 18:18
Unable to Withdraw

Unable to withdraw funds

When I wanted to withdraw money, the customer service staff said that I needed to pay taxes before the withdrawal could be approved. Why can't they directly deduct the money from the funds and then withdraw the money?

2023-10-26 19:13
Unable to Withdraw

Scam

I created an account with Fox global and deposited $60,000 to trade. Then they said I had to raise money before I could trade. When I asked to withdraw money I couldn't do it. After a few days, I could no longer log in or contact platform customer service. I submitted my refund through Forteclaim.com. My account manager executed the trade without my permission because I knew very little about trading.

2024-03-21 01:39
Unable to Withdraw

The platform was unable to withdraw funds due to lack of transaction records. After trading according to the requirements, it said that a security deposit was required for money laundering, otherwise the account would be cancelled.

I met a female netizen in Pai Ai, and they were able to chat with each other quite well. During the chat, the other party often posted transaction records, and after luring them to ask questions, they said that they could bring them to invest together. Feeling that the platform is too young and confused, I asked the other party to provide proof. The other party also provided a license to prove that it has been supervised and claimed to have traded on it for several years. However, through a whois query, I found out that the registration time of the website foxglobal.vip of the platform is 2023 /3/2, so I hope to recover the loss by operating the withdrawal on the platform, but the platform refuses to withdraw the funds on the grounds that there is no transaction record. After executing a transaction as required, the platform replies that there is an illegal transaction and needs to pay the deposit of the account balance. Account sales will be processed.

2023-04-12 14:55
Unable to Withdraw

Just want to withdraw money

Before you want to withdraw money, you need to pay taxes first to complete the withdrawal application. Why can't it be deducted directly from the profit?

2023-10-26 10:49
Unable to Withdraw

Unable to withdraw

Everyone aware that there is a problem with this broker. The first withdrawal was fine. The second withdrawal said that there was a problem with my account. I did not give out the money, and I needed to deposit again. I have traded before. , why not give money, so I propose not to deposit money, please be careful

2023-04-17 16:09
Unable to Withdraw

Unable to withdraw money

I met a female netizen from Tantan, and knew that she was doing foreign exchange. I was very curious, so I followed the operation of 100,000 yuan. After earning a small amount of money, she taught me to withdraw more than 5,000 yuan. I later deposited another 200,000 for trading. I don't put any more money into it until the customer service of BitTorrent contacted and said to provide the platform information (I would have to continue to lose money). I will try to withdraw money again. However, it was warned as a risk account, and it said that for the safety of your account funds, no withdrawals will be made.

2023-07-31 22:12
Unable to Withdraw

Don’t be tricked by Fox global!!!

After I deposited money and stored value into Fox Global normally, I started trading and applied for a withdrawal after I made a profit. However, the platform required me to pay personal income tax before I could pass the withdrawal review. Not only was I unable to withdraw money after I paid personal income tax, but The black platform claimed that my account deposit had a deposit that was not in my name (the address agreed on the wallet), which violated the platform's one-person-one-account rule and directly froze my account and withdrawal process, and asked me to re-deposit the amount. The withdrawal can be successfully passed after the value is reached. I asked the platform why the deposited value not in my name was approved and not refunded when the deposit was made. The platform claimed that the deposit had not been manually reviewed and was approved by the system by default. Dear investors, if the platform allows investors to deposit funds by default, it is all to make investors sink deeper and deeper. Please do not use the Fox Global platform again. It is a black platform and will trap all investors!!!

2023-09-22 22:18
Scam

Romance Scam! Don’t use FOX!

When I met a girl on a dating app, I was recommended investing in this brokerage firm. It was reasonable at first, but unfortunately, it was later brainwashed into investing.

2024-03-18 15:47
Unable to Withdraw

It is impossible to withdraw money from black platforms, so don’t believe their words anymore.

I met a female netizen through a dating website. She introduced me to the Fox Global forex trading platform and invested one million, but I have not withdrawn money yet. After much thought, I decided to pay the service fee and chose to trust the broker for the last time. However, I still couldn't withdraw the money.

2024-03-26 10:54
Others

FOX GLOBALpretending to use the judicial power of taiwan’s judicial authorities

FOX GLOBALi falsely claimed that my withdrawal application process resulted in the securities firm being judicially frozen by the taiwanese judicial authorities on its operating account. i ignored it. nearly a month later, fox glibal changed its claim that its operating account had been judicially unfrozen but threatened and blackmailed me into paying. only legal litigation and other expenses will allow me to withdraw money, otherwise my fund withdrawal will be permanently frozen. dear investors, FOX GLOBAL the scams to get money are all the same (always refuse to withdraw money), don’t be deceived, this is a big fire pit. FOX GLOBAL eat people without spitting out bones!!!

2023-11-25 11:12
Unable to Withdraw

I met a female netizen on Tinder and got scammed

Meet a female netizen through Tinder and exchange Line IDs. We chatted in-depth, and preparing for getting married, the woman mentioned that the honeymoon trip was expensive and then introduced me to making a lot of money by investing in the US stock index. A female netizen introduced the use of the Fox Global trading platform (with USDT) to invest in foreign exchange. During my fund deposit and withdrawal process (Pitopro-Fox Global), a large amount of funds flowed into my account on the Fox Global platform, and only a small amount of funds (USDT168) in the early stage was successfully withdrawn to Pitopro. After investing and operating the Fox Global platform for some time, I applied to withdraw USDT1,000,0004.3 for the first time after making profits. I received a request from Fox Global customer service to pay USDT112,224 in income tax before I can receive the withdrawal and withdraw my account balance again. If you do not pay by the deadline, you will need to pay a 3% late payment fee (per day). I successfully paid income tax to the virtual wallet address designated by Fox Global. A female netizen claimed to help her increase her investment capital and took the initiative to withdraw funds from her Pitopro account to my Fox Global personal platform and provided fund certificates as proof. I promise to return the loan (USD63,994.8) to the female netizen after I can withdraw the investment profit and principal from Fox Global. After the female netizen confirms and agrees to this method, Fox Global customer service requires me to make sure that the loan is not in my name. Only by placing a deposit of USD63,994.8 in your name and re-depositing it can you restart the withdrawal application process. At this time, I was shocked to be deceived.

2024-03-20 19:49
    FOX GLOBAL · Company summary

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    FOX GLOBAL Review Summary in 10 Points
    Founded 2012
    Registered Country/Region The UNITED STATES
    Regulation Not regulated
    Market Instruments Forex, Precious Metal, Stock Index, Commodities, Stock CFDs
    Demo Account Yes
    Leverage Maximum up to 1:888
    EUR/USD Spread Start from 0.0 pips
    Trading Platforms Leverate
    Minimum Deposit USD 1500
    Customer Support Contact us form, Email, Live Chat

    What is FOX GLOBAL？

    FOX GLOBAL is a global brokerage firm based in the United States. It provides traders with access to a wide range of financial instruments. These instruments include Forex, Precious Metal, Stock Index, Commodities, Stock CFDs. However, it is important to note FOX GLOBAL is currently has an unauthorized status by the United StatesNFA (license number: 0511527) which may raise concerns when trading.

    FOX GLOBAL

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Pros Cons
    • Various account types to suit different trading needs • Not regulated
    •Wide range of trading instruments across multiple asset classes • Limited trading tools and educational resources
    • Competitive low spread • Limited info on deposit/withdrawal
    • No MT4/5 platforms

    FOX GLOBAL Alternative Brokers

    There are many alternative brokers to FOX GLOBAL depending on the specific needs and preferences of the trader. Some popular options include:

    • OANDA- OANDA is a reputable broker with a user-friendly platform, competitive spreads, and access to a wide range of markets, making it a popular choice for both beginner and experienced traders.

    • FxPrimus- FxPrimus provides a secure and regulated trading environment, competitive spreads, and a user-friendly platform, catering to traders looking for reliability and a variety of trading options.

    • Eightcap- Eightcap offers a technologically advanced trading infrastructure, fast execution speeds, and a diverse range of trading instruments, making it a suitable choice for traders seeking a robust trading experience.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is FOX GLOBAL Safe or Scam？

    FOX GLOBAL currently operates without valid regulation, which may raise concerns about its legitimacy and safety as a trading platform. From WifiFX you can see that the company's regulatory status by the united statesNFA(license no.0511527) is unauthorized. Regulation is an important aspect of the financial industry as it provides oversight, transparency, and investor protection. The absence of proper regulation means that there may be a lack of checks and balances, potentially exposing traders to higher risks.

    NFA license

    Market Instruments

    FOX GLOBAL offers a diverse range of trading options for their clients. These include Forex, Precious Metal, Stock Index, Commodities, Stock CFDs. The availability of such a wide range of trading instruments allows clients to diversify their portfolios and take advantage of different market opportunities.

    Forex trading is a popular choice among traders, and FOX GLOBAL ensures that their clients have access to a wide range of major and minor currency pairs. This enables traders to participate in the global foreign exchange market and take advantage of currency fluctuations.

    In addition to Forex, FOX GLOBAL also offers trading opportunities in Precious Metals such as gold and silver. These assets are known for their value and are often used as safe-haven investments during times of economic uncertainty.

    The availability of trading options also extends to Stock Indices, which are baskets of individual stocks that represent a particular market or sector. Clients can trade on the performance of major stock indices from around the world, allowing them to participate in global equity markets without having to directly invest in individual stocks.

    Commodities trading is another option available on the FOX GLOBAL platform. Clients can trade popular commodities such as oil, natural gas, and agricultural products. Investing in commodities can provide exposure to global supply and demand dynamics, making it an attractive option for traders looking to diversify and potentially benefit from commodity price movements.

    Lastly, FOX GLOBAL offers trading opportunities in Stock CFDs (Contracts for Difference). This allows clients to speculate on the price movements of individual stocks without needing to own the underlying shares. Stock CFDs provide flexibility and potential profits for traders who can benefit from both rising and falling stock prices.

    Market Instruments

    Accounts

    FOX Global offers different types of trading accounts to cater to the varying needs and preferences of their clients.

    The SV Account is the standard account option offered by FOX Global. It requires a minimum deposit of 1500 USD.

    The VIP Account is designed for clients who prefer a more exclusive and personalized trading experience. To open a VIP Account, a minimum deposit of 10,000 USD is required.

    Lastly, the ECN Account is available for traders who prefer direct market access and want to take advantage of the transparency and order execution efficiency offered by Electronic Communication Networks (ECNs). The ECN Account requires a minimum deposit of 1500 USD.

    Choosing the right account type depends on individual trading goals, risk tolerance, and trading preferences. Traders should carefully consider their needs and requirements before selecting a specific account type.

    Account Types

    Leverage

    FOX GLOBAL offers flexible leverage ranging from 1:1 to 1:888, providing their clients with a wide range of options to choose from. Leverage is a tool that allows traders to control larger positions with a smaller amount of capital, potentially amplifying both profits and losses. With flexible leverage, traders have the freedom to customize their leverage ratio based on their risk appetite and trading strategy. Flexible leverage also allows traders to adapt their trading approach to different market conditions and trading instruments. Traders can adjust the leverage ratio based on the volatility and liquidity of the market they are trading, as well as their trading experience and financial goals.

    Spreads & Commissions

    FOX Global provides different account options, each with its own specific trading conditions.

    The SV Account features spreads as low as 0.9 pips and does not charge any commission fees. This account is suitable for traders looking for competitive spreads without additional commission costs.

    For those who opt for the VIP Account, spreads start as low as 0.6 pips, again with no commission charges.

    The ECN Account, on the other hand, offers spreads as low as 0 pips and charges a commission fee of 10 USD per lot.

    The choice of account type depends on individual trading preferences and priorities.

    Broker EUR/USD Spread (pips) Commissions (per lot)
    FOX GLOBAL From 0.0 Variable (depending on account)
    OANDA From 0.6 Variable (depending on account)
    FxPrimus 0.3 No commissions
    Eightcap 0.0 Variable (depending on account)

    Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

    Trading Platforms

    FOX GLOBAL offers their clients the Leverate trading platform, which provides access to a wide range of trading options. With 55 kinds of stock CFDs available, the platform serves as a multi-asset trading platform, allowing users to trade foreign exchange, stocks, cryptocurrencies, gold, crude oil, and securities indices all in one place.

    One of the key advantages of the Leverate platform is the absence of rejection orders and repeat quotes, ensuring that trades are executed smoothly and without delays.

    Furthermore, Leverate offers flexible leverage ratios ranging from 1:1 to 1:888, allowing traders to choose a leverage level that aligns with their risk tolerance and trading strategy.

    Moreover, the full EA functionality of the Leverate platform enables traders to utilize expert advisors and implement automated trading strategies, enhancing their trading experience and opening up possibilities for algorithmic trading.

    Lastly, the one-click trading feature streamlines the trading process, allowing traders to execute trades with a single click. This feature improves the speed and efficiency of trading, enabling traders to capitalize on market opportunities and adapt to changing market conditions promptly.

    Leverate trading platform
    Broker Trading Platforms
    FOX GLOBAL Leverate
    OANDA OANDA Trade, MetaTrader 4
    FxPrimus MetaTrader 4, WebTrader, Multi-Account Manager (MAM)
    Eightcap MetaTrader 4, MetaTrader 5, WebTrader

    Deposits & Withdrawals

    FOX GLOBAL prioritizes convenience and flexibility for their clients by offering a range of deposit and withdrawal methods. Clients can choose from options such as Huobi Chain, coinbase, RPNpay, Google Cloud, Element, China UnionPay.

    However, these diverse options are only showed as icons on the official website instead of written information. No more specific info on the official page about the deposit & withdrawals fees and processing time. Clients should pay attentions and consult dealer for more certain info when trading.

    Payment Options

    Customer Service

    FOX GLOBAL provides multiple customer service options to assist its clients. Customers can reach out to FOX GLOBAL through various channels to address their queries and concerns as below:

    Email:support@foxglobal.vip.

    Address:

    G25 Waterfront Studious, 1 Dock Road, E16 1AH London, United Kingdom.

    FOX GLOBAL also offers a Contact Us form on their website. Customers can fill out this form with their queries, providing details about their specific needs or concerns.

    Furthermore, clients can also scan a QR code and follow their WeChat official account for supports and information.

    Customer Service
    Pros Cons
    • Accessibility • No direct phone service
    • Personalized Support • Quality and Expertise

    Note: These pros and cons are subjective and may vary depending on the individual's experience with FOX GLOBAL customer service.

    Conclusion

    According to available information, FOX GLOBAL is a non-regulated US-based brokerage firm. It has an unauthorized status by the United StatesNFA (license number: 0511527). While the firm offers a range of market instruments including Forex, Precious Metal, Stock Index, Commodities, Stock CFDs, it is important to consider certain factors such as lack of regulations that may raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from FOX GLOBAL before making any investment decisions.

    Frequently Asked Questions (FAQs)

    Q 1: Is FOX GLOBAL regulated？
    A 1: No. It has been verified that this broker currently has no valid regulation.
    Q 2: Does FOX GLOBAL offer the industry leading MT4 & MT5？
    A 2: No.
    Q 3: Does FOX GLOBAL offer demo accounts？
    A 3: Yes.
    Q 4: Is FOX GLOBAL a good broker for beginners？
    A 4: No. It is not a good choice for beginners. It currently has no valid regulations from recognized regulatory authorities.

    User Reviews

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    FX1685654954
    more than one year
    I tried the demo account everything looks great and the support is really polite and helpfull i'm liking it looks like a trustfull broker
    I tried the demo account everything looks great and the support is really polite and helpfull i'm liking it looks like a trustfull broker
    Translate to English
    2024-06-14 10:52
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    Chi-ming
    more than one year
    FOX GLOBAL's spreads are uncompetitive and much wider than those of other brokers, german30 index, for example, starting from 35 pips. That scares me!
    FOX GLOBAL's spreads are uncompetitive and much wider than those of other brokers, german30 index, for example, starting from 35 pips. That scares me!
    Translate to English
    2024-04-28 14:46
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