Search

FOX GLOBAL Forex Broker provides real users with 1 positive reviews, * neutral reviews and 11 exposure review!

FOX GLOBAL Broker Review

1.67

WikiFX monitor

Business

Influence E

License

No license

FOX GLOBAL Review 12

Latest All(12) Positive(1) Exposure(11)
Positive
Trustworthy Broker: Impressive Demo, Polite & Helpful Support

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

FX1685654954
2024-06-14
Exposure
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 She introduced me to the Fox Global forex trading platform and invested one million, but I have not withdrawn money yet.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.

YUCHIN
2024-03-26
Exposure
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.

FX6845073
2024-03-21
Exposure
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my account on the Fox Global platform, and only a small amount of funds (USDT168) in the early stage was successfully withdrawn to Pitopro.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.

大飛1737
2024-03-20
Exposure
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.

胡先生1152
2024-03-18
Exposure
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!!!

沈爸
2023-11-25
Exposure
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?

HSUAN452
2023-10-26
Exposure
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?

HSUAN452
2023-10-26

  

Fox Global 2025 Review: Everything You Need to Know

  

Summary

  Fox Global has garnered a mixed reputation in the forex trading community, primarily due to its unregulated status and the potential risks associated with trading on its platform. While it offers a range of trading instruments and competitive spreads, many reviews highlight concerns regarding its legitimacy and user experience, particularly around customer service and withdrawal processes.

  Note: It's crucial to recognize that Fox Global operates under various entities across different regions, which may affect its regulatory compliance and user experience. This review consolidates findings from multiple sources to provide a fair and accurate assessment.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service 3
Trading Setup 6
Trustworthiness 2
User Experience 4
Additional Considerations 5

  How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data regarding services and conditions.

  

Broker Overview

  Founded in 2012, Fox Global is a forex brokerage firm that claims to provide access to a wide range of financial instruments including forex, precious metals, stock indices, commodities, and stock CFDs. The broker operates primarily through the Leverate trading platform, which is known for its user-friendly interface. However, Fox Global does not possess valid regulatory oversight, raising concerns about its legitimacy and safety for traders.

  

Detailed Section

  

Regulatory Status

  Fox Global operates without valid regulation, which is a significant red flag for potential investors. According to multiple sources, including WikiFX and PediaFX, the firm has an unauthorized status by the United States NFA (license number: 0511527). The absence of regulatory oversight means that traders may face a lack of investor protection and transparency, exposing them to higher risks.

  

Deposit/Withdrawal Options

  Fox Global offers a variety of deposit and withdrawal methods, but specific details about fees and processing times are sparse. Payment options include Huobi Chain, Coinbase, RPN Pay, and others, yet many users have reported difficulties in withdrawing funds, which is a common concern with unregulated brokers.

  

Minimum Deposit

  The minimum deposit required to open an account with Fox Global is $1,500, which is relatively high compared to other brokers. This could be a barrier for new traders looking to enter the forex market.

  

Bonuses/Promotions

  Currently, Fox Global does not appear to offer any significant bonuses or promotions, which is another point of concern for potential clients looking for incentives to trade.

  

Tradable Asset Classes

  Fox Global provides access to a diverse range of assets, including forex pairs, commodities like oil and gold, and stock indices. This variety allows traders to diversify their portfolios and take advantage of different market opportunities.

  

Costs (Spreads, Fees, Commissions)

  Fox Global advertises competitive spreads, with some accounts offering spreads as low as 0.0 pips. However, the lack of transparency regarding commissions and potential hidden fees raises questions about the actual costs of trading on the platform.

  

Leverage

  The broker offers high leverage options, up to 1:888, which can amplify both potential profits and losses. While this can be attractive to experienced traders, it poses significant risks, especially for novices.

  

Allowed Trading Platforms

  Fox Global primarily utilizes the Leverate trading platform. While it is designed to be user-friendly and offers various trading tools, it lacks the popular MetaTrader 4 or 5 platforms, which are preferred by many traders for their advanced features.

  

Restricted Regions

  Fox Global does not provide clear information regarding restricted regions, which can lead to confusion for potential traders looking to join from various countries.

  

Available Customer Service Languages

  Customer support options are limited, with most communication occurring through email and a contact form on their website. There is no direct phone support, which can hinder timely assistance for traders facing issues.

  

Repeated Rating Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service 3
Trading Setup 6
Trustworthiness 2
User Experience 4
Additional Considerations 5

  

Detailed Breakdown

  

Account Conditions

  The account conditions at Fox Global are less favorable due to the high minimum deposit requirement and lack of transparency regarding fees. Many potential traders may find the entry cost prohibitive.

  

Tools and Resources

  While Fox Global offers a trading platform with basic tools, the absence of advanced trading resources and educational materials limits its appeal, particularly for novice traders.

  

Customer Service

  Customer service has been a significant pain point for users, with many reporting slow response times and a lack of effective support channels. The absence of direct phone support further exacerbates these issues.

  

Trading Setup

  The trading setup is relatively straightforward, but the lack of popular platforms like MT4 or MT5 may deter experienced traders who prefer those interfaces.

  

Trustworthiness

  Fox Global's unregulated status casts a shadow over its trustworthiness. Many reviews highlight concerns about withdrawal difficulties and the overall safety of trading on the platform.

  

User Experience

  User experiences have been mixed, with some praising the platform's ease of use while others report significant issues with withdrawals and customer service.

  

Additional Considerations

  Potential traders should consider the risks associated with trading on an unregulated platform and conduct thorough research before committing any funds.

  In conclusion, while Fox Global offers various trading options and competitive spreads, its unregulated status, high minimum deposit, and mixed user experiences suggest that potential clients should exercise caution and consider alternative, more regulated brokers.

FOX GLOBAL review