Foxiamix foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://cfd.foxiamix.com/register, about the company's legal and temporary regulatory information, the company's address 1 Waterhouse Sq, London EC1N 2ST, United Kingdom.
Foxiamix Forex Broker
Basic Information
United Kingdom
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
VIP
GOLD
Foxiamix Broker - Complete Information Guide
1. Overview of the Broker
Foxiamix, officially known as Foxiamix.com, is a newly established online trading platform that has gained attention in the financial markets. While specific details about its founding date are not readily available, it operates as a private entity based in London, United Kingdom, at 1 Waterhouse Square, London EC1N 2ST. As a relatively new player in the trading industry, Foxiamix aims to cater to a diverse clientele, primarily targeting retail traders interested in forex and other financial instruments.
Foxiamix has developed its business model around offering a wide range of trading services, including forex trading and potentially other financial products. However, it is essential to note that the broker is currently unregulated, which raises concerns regarding its operational practices and the safety of client funds. As such, it is crucial for prospective clients to conduct thorough due diligence before engaging with the platform.
Key Points:
- Full Name: Foxiamix
- Founded: Specific founding date not available
- Headquarters: 1 Waterhouse Square, London EC1N 2ST, United Kingdom
- Company Type: Private
- Target Market: Retail forex traders and potentially other financial instrument traders
- Business Model: Online trading services including forex, with an emphasis on user accessibility and variety in trading options
Foxiamix broker is positioned to attract traders seeking a platform for diverse trading activities, but caution is advised due to its lack of regulatory oversight.
2. Regulatory and Compliance Information
Foxiamix operates without any major regulatory oversight, which is a significant concern for potential investors. The absence of licenses from recognized financial authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC) implies that the broker does not adhere to the regulatory standards typically required for financial services.
Regulatory Details:
- Regulatory Status: Unregulated
- Regulatory Authorities: None
- License Numbers: Not applicable due to unregulated status
- Client Fund Protection: Lack of information regarding client fund segregation and safety measures
- Investor Compensation Fund Participation: Not applicable
- KYC and AML Compliance: Details regarding Know Your Customer (KYC) and Anti-Money Laundering (AML) measures are not disclosed
The unregulated nature of Foxiamix broker means that clients may face substantial risks, including the potential loss of funds with little recourse for recovery. Therefore, it is highly recommended for traders to consider more established and regulated alternatives.
3. Trading Products and Services
Foxiamix offers a variety of trading products primarily focused on foreign exchange. Although specific details about the number of currency pairs available are not disclosed, the broker is expected to provide access to major and minor currency pairs. Additionally, the platform may offer Contracts for Difference (CFDs) across various asset classes, including indices, commodities, cryptocurrencies, and stocks.
Trading Product Details:
- Forex Pairs: Specific number not disclosed, but likely includes major and minor pairs
- CFD Products: Potentially includes indices, commodities, stocks, and cryptocurrencies
- Unique Products: Not specified in available information
- Product Updates: Frequency and new product offerings not detailed
- Retail Trading Services: Focused on individual traders
- Institutional Services: No information provided on services for institutional clients
- White Label Solutions: Information not available
- Asset Management Services: Not mentioned
Foxiamix broker's product offerings are designed to cater to the needs of retail traders, but the unregulated status raises questions about the quality and reliability of these products.
4. Trading Platforms and Technology
Foxiamix provides a trading platform that is compatible with MetaTrader 4 (MT4), a popular choice among traders for its robust features and user-friendly interface. However, specific details regarding proprietary platforms, web-based trading options, and mobile applications are not extensively covered.
Platform Features:
- MetaTrader 4 Support: Yes
- Proprietary Platform Details: Not specified
- Web-Based Trading Platform: Information not available
- Mobile Applications: Not mentioned, but typically expected for modern brokers
- Execution Models: Details on whether the platform operates on ECN, STP, or Market Making models are not disclosed
- Server Location and Infrastructure: Specifics about server locations and technical infrastructure are not provided
- API Access and Automated Trading Support: Not mentioned
The availability of MT4 is a positive aspect for traders familiar with this platform, but the lack of detailed information on other technical features may be a drawback for potential clients.
5. Account Types and Trading Conditions
Foxiamix offers different account types, though specific details about the conditions for each account are sparse. Typically, brokers provide various account tiers that cater to different trading needs, including standard accounts and potentially more specialized options.
Account Conditions:
- Standard Account Conditions: Minimum deposit, spreads, and commissions not specified
- Advanced Account Types: Information on VIP or professional accounts not available
- Special Accounts: No details on Islamic accounts or corporate accounts
- Demo Account Policy: Not mentioned
- Leverage Ratios: Not specified
- Minimum Trade Size: Not provided
- Overnight Fees Policy: Information not available
The lack of transparency regarding account types and trading conditions may deter some traders from choosing Foxiamix broker as their trading platform.
6. Fund Management
Foxiamix provides various funding options for deposits and withdrawals; however, specific details on the supported methods and their associated fees are limited. Typically, brokers offer options such as bank transfers, credit cards, and e-wallets.
Fund Management Details:
- Supported Deposit Methods: Not specified
- Minimum Deposit Requirements: Not available
- Deposit Processing Times: Information not provided
- Deposit Fees: Not mentioned
- Withdrawal Methods and Restrictions: Details not available
- Withdrawal Processing Times: Not specified
- Withdrawal Fee Structure: Not provided
The lack of clear information regarding fund management practices raises concerns about the ease of accessing funds and the overall customer experience with Foxiamix broker.
7. Customer Support and Educational Resources
Foxiamix offers customer support through various channels, though specific details about the availability and responsiveness of these services are not extensively covered. Typically, effective brokers provide support via phone, email, and live chat.
Support Features:
- Support Channels: Not specified
- Service Hours and Time Zone Coverage: Information not available
- Multilingual Support: Not mentioned
- Educational Resources: Details on webinars, tutorials, or eBooks are not provided
- Market Analysis Services: Information on daily analysis, news, or research reports is lacking
- Trading Tools: Specific trading tools such as calculators or signal services are not mentioned
The absence of comprehensive support and educational resources may limit the effectiveness of Foxiamix broker in assisting traders in their trading endeavors.
8. Regional Coverage and Restrictions
Foxiamix aims to serve a global market; however, specific details regarding its operational reach and any restrictions on customer acceptance are not clearly defined.
Regional Coverage:
- Main Service Markets: Not specified
- Regional Office Distribution: Information not available
- Countries/Regions Not Accepted: Not mentioned
- Special Restrictions: Details not provided
The lack of clarity regarding regional coverage and restrictions may pose challenges for potential clients looking to engage with Foxiamix broker.
In conclusion, while Foxiamix broker presents itself as a potential option for forex trading, the lack of regulatory oversight, transparency regarding trading conditions, and comprehensive customer support may pose significant risks to traders. It is advisable for potential clients to consider these factors carefully before proceeding with any investments on the platform.
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