Foxane Review – See Why foxane.com Is a Trading Scam

Is Foxane Legit Broker or Scam?

Foxane is offshore provider from Saint Vincent and the Grenadines, is what you need to know. We are frightened by the connection between this domain and broker.

SVG’s Financial Services Authority clearly stated on their website that they don’t regulate Forex trading. Foxane regulation is dead.

We recommend that you avoid putting your trust in unlicensed offshore con artists. Instead, look for a broker who is regulated by a reputable Tier 1 Financial Market Authority (FCA. FINMA. BaFin. ASIC. ).

The European Securities and Markets Authority, (ESMA), imposed strict regulatory conditions that all EEA regulators must follow. Minimum operating capital for brokers must be 730,000 EUR.

They must also offer clients protection against negative balances, segregated funds and leverage restriction (1:30), as well as a compensation plan (up to 20,000 EUR in the event of insolvency). These are all conditions that you should consider when making investments.

Foxane, an offshore broker based in SVG, is not licensed to trade Forex. This unlicensed entity was blacklisted by authorities in the UK, Australia and France for swindling traders from New Zealand, Canada, France, Canada, France, and Canada.

Foxane Broker Fraudulent Claims for Regulation

It is absurd to say that the client-company relationship is compliant with SVG’s governing laws. As we mentioned, Forex trading is not regulated in that offshore domain.

Unregulated brokers can steal your funds and then disappear without you being compensated. Foxane’s reputation is deteriorating.

We found many official warnings against Foxane fraud. The UK’s FCA issued the first and most prominent warning.

Two other came from the French AMF and the Belgian FSMA. Foxane was caught by three regulators offering services to traders, without the required permit.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Capital Markets Group, VirtuFinance, AUSFIT.

What Can You Trade With This Broker?

Foxane’s website states that the broker offers Forex trading and CFD trading:

• FX pairs: EUR/USD, GBP/AUD, CHF/JPY…
• Indices: CAC40, FTSE100, NASDAQ100…
• Stocks: Tesla, Alibaba, Netflix…
• Commodities: natural gas, corn, silver…

Foxane’s Trading Account Types

Foxane offers seven types of accounts:

• Beginner: 1,000 $;
• Plus: 2,500 $;
• Advanced: 5,000 $;
• Premier: 10,000 $;
• Platinum: 25,000 $;
• Platinum Pro: 50,000 $;
• VIP: 100,000 $.

We must admit, it is quite expensive. There are better options. Micro-accounts can be offered by licensed brokers for as low as 10$.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Foxane’s maximum leverage level is 1:400. This is extremely risky. Although you can make a lot of money, there is a very high chance that you will lose it all once you hit a market correction. The normal regulatory limit is 1:30.

Foxane: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Foxane. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Foxane!