FoxTradingPro Review : Fees, Pros and Cons, Reviews by Real Traders

FoxTradingPro

Operating status: SCAM

Website: https://www.foxtradingpro.com/

Broker violations and abnormal records

Jan 16, 2022 The Spain CNMV Added FoxTradingPro into Its Warnings
On 17 Jan 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that FoxTradingPro was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=WWW.FOXTRADINGPRO.COM

On 17 Jan 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that FoxTradingPro was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=WWW.FOXTRADINGPRO.COM
Oct 10, 2022 BrokersView has Reviewed that FoxTradingPro is an Unregulated Forex Broker
FoxTradingPro claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
In addition, the broker also claims to be located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any matching results in UK FCA. In other words, this broker is not authorized to provide financial services in the UK.
Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that FoxTradingPro was not authorised to provide the investment services in Spain.
The truth is that FoxTradingPro is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

FoxTradingPro claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. In addition, the broker also claims to be located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any matching results in UK FCA. In other words, this broker is not authorized to provide financial services in the UK.Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that FoxTradingPro was not authorised to provide the investment services in Spain. The truth is that FoxTradingPro is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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