Foxtreme Forex Broker

Foxtreme Review Summary Founded2022 Registered Country/RegionSaint Vincent and the Grenadines RegulationNo Regulation Market InstrumentsForex, CFDs, and Commodities Demo Account✅($10,000 credit) LeverageUp to 1:400 Spread/ Trading PlatformMT5 Minimum Deposit$20 Customer SupportContact form Email: mail@foxtreme.net Address: 6th floor Edith Cavell Street, Ken Lee Building Port Louis, Mauritius Facebook, X, Instagram, YouTube Foxtreme is an unregulated trading firm established in 2022, registered in Saint Vincent and the Grenadines. It offers trading in Forex, CFDs, and Commodities. The firm provides a demo account with a free $10,000 credit for practice, and the minimum deposit for a live account is just $20. The maximum leverage available is up to 1:400 for forex CFDs. Foxtreme claims to offer tight spreads and zero commission. Moreover, it supports the popular MT5 trading platform.Pros and Cons Pros Cons Demo accounts availableNo regulation MT5 platformUnclear fee structure Popular payment methods Low minimum depositIs Foxtreme Legit? At present, Foxtreme lacks valid regulation. Its domain was registered on Dec 23, 2022, and the current status is “client transfer prohibited”. Please pay high attention to the safety of your funds if you choose this broker.What Can I Trade on Foxtreme? On Foxtreme, you can trade with Forex, CFDs, and Commodities. Tradable Instruments Supported Forex✔ CFDs✔ Commodities✔ Bonds❌ Options❌ ETFs❌ Mutual Funds❌Account Type Foxtreme provides a demo credit account with a free $10,000 and a live account with a min deposit requirement of $20.Leverage The maximum leverage is up to 1:400 for forex CFD. As to commodities, the leverage is 1:200.Note that high leverage can amplify both profits and losses.Spreads and Commissions Foxtreme claims to provide tight spreads and zero commission. However, more detailed fee info is not clear.Trading Platform Trading PlatformSupported Available Devices Suitable for MT5✔Windows, iOS, AndroidExperienced traders MT4❌/BeginnersDeposit and Withdrawal To fund your account, you can use methods like credit/debit cards, cryptocurrencies, bank wire transfers, and various online payment platforms. Multiple currencies are accepted, and deposits are said to be processed quickly. For withdrawals, simply log in, initiate a request, and funds go back to the original funding method promptly.