Foxiamix Information
Foxiamix is an unregulated brokerage company registered in the United Kingdom. This firm provides a wide selection of investment options with its own mobile app. Foxiamix gives four live trading accounts and a demo account. However, there is limited information about trading fees on its website. Furthermore, no phone support option could be a barrier for some investors.
Pros and Cons
Is Foxiamix Legit?
Foxiamix operates without regulation from any recognized financial authority. Engaging with an unregulated broker like Foxiamix carries substantial risks, and investors should be aware of the potential consequences before depositing funds.
What Can I Trade on Foxiamix?
With Foxiamix, you can invest in 1000+ Instruments, including forex (70+ currency pairs), cryptocurrencies (Bitcoin, Ethereum, Tether, BNB, Solana), stocks, indices, metals, energies, and commodities.
Besides, Foxiamix also offers fractional share trading. If you're a beginner without a lot of money to get started, you can buy shares of some of the best-known stocks for as little as $1. That makes it easier to shape your portfolio to fit your risk tolerance, needs, and goals.
Account Types
Some online brokerages provide various account types. The bright side of this approach is that you might pay less in fees the more you invest.
Foxiamix presents four live trading accounts: Standard, Silver, Gold, and VIP. Higher margin loans, more advanced features, and services become available as your investment grows.
If you invest at least $100,000, you will have exclusive services, such as customized education, daily market signals, in-depth research, the privilege of taking part in VIP events, a managed portfolio, and a VIP advisor.
However, there is no detailed information about trading fees on its website.
Trading Platform
Foxiamix provides its proprietary mobile app. This app is easy to navigate. You can install it on IOS and Android devices. It provides real-time insights, customized risk management, and a virtual account with $100K to practice with. You can use this app to set stop losses and take profit parameters to suit your investing strategy.
Customer Support Options
For any questions you might have, help is only available via a message box on its website. There is no customer support phone number listed on the website and no email address either. Some clients may find that a bit inconvenient.
The Bottom Line
While there are plenty of online brokerages out there, some may fit your needs better than others. Foxiamix makes it easier to build a diversified portfolio. It might also catch your eye if you're interested in fractional share trading. However, the biggest drawbacks are insufficient information about trading fees and regulatory hurdles. As you compare online brokerages, keep cost and risk firmly in mind.
FAQs
Is Foxiamix a regulated brokerage?
No, Foxiamix is not regulated by any reputable financial authority.
What account types does Foxiamix offer?
Foxiamix offers four live trading accounts (Standard, Silver, Gold, and VIP) and a free demo account.
Does Foxiamix offer leveraged trading?√, Foxiamix provides a leverage option, which is up to 1:400.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
