Fox Trading has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was contacted by Fox Trading through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
I opened an account with Fox Trading for the past year and a half ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: High security standards|Multi-currency support|Fast support response|Real-time alerts
Cons: Website design could be more modern|No integrated tax optimization
I trusted Fox Trading with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Instant funding|Responsive team
Cons: Wish they had more educational resources|Slow to add new assets
Fox Trading advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Segregated accounts|Excellent charting|Two-factor authentication|Fast execution
Cons: Onboarding videos are outdated|Search feature is basic
I am in a dispute with Fox Trading over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Excellent charting|Portfolio tracking tools
Cons: Withdrawal takes 1-2 business days
I joined Fox Trading after a friend recommended them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Clean UI|Helpful community forum|Easy to use platform|No hidden fees
Cons: Could offer more webinars|No fractional shares
The spread at Fox Trading is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after doing extensive research and initially thought the platform was good - until I started trading seriously.
Pros: High security standards|Comprehensive tools
Cons: Limited ETF selection|None so far
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Fox Trading said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Customizable dashboard|API access|Detailed reporting|Personal attention
Cons: Cannot customize dashboard fully|Alert system is basic
I wanted to transfer my portfolio from another broker to Fox Trading. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Risk management tools|Great customer service|Helpful community forum
Cons: Search feature is basic|Desktop app not available on Linux
Fox Trading has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Automated trading options|Multi-device support
Cons: Limited demo account features