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Fox Markets – Forex Broker Review 2022

About Fox Markets

Fox Markets is a reputable forex broker. It offers great account options, fantastic trading conditions, and a safe trading environment. It also offers top trading platforms, helpful trading tools, and great customer support.

Regulation

Fox Markets is incorporated in Saint Vincent and Grenadines.

Trading Instruments

Fox Markets has a wide range of trading instruments including forex, indices, commodities, metals, and cryptocurrencies.

Trading Platforms

Fox Markets has two of the best online trading platforms available on the market – MetaTrader4 and MetaTrader5. Both come with advanced charting and analysis tools.

MetaTrader4

MetaTrader4 (MT4) is a great choice for new forex traders. It is a user-friendly platform and comes with many handy, built-in trading tools. You can use it to access many financial markets including the forex, stocks, and indices markets. The MT4 trading platform also has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects. You can use these trading tools to work on your market analysis and create your own trading strategies.

MetaTrader5

MetaTrader5 (MT5) is another great option for beginner trading. It has a simple interface and comes with lots of helpful features. You access to trade a wide range of instruments including forex, shares, and crypto. It very easy to navigate. The MT5 trading platform also has many great features including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has slightly more functionality than MetaTrader4 and offers you more analysis tools.

Forex Bonuses

Fox Markets offers a welcome bonus of 20% up too 5000$. T&Cs Apply.

Account Types

Fox Markets offers two main account types: its Standard Account and its STP Account. It also has a demo account option for new traders and a custom account option for professional traders.

Spreads

Leverage

Commission

Standard

Market

1:400

$10

STP

Market

1:400

$5

Deposits & Withdrawals

Fox Markets offers many convenient payment methods including debit card, credit card, bank transfer, Sofort, Giropay, Skrill, and AdvCash. It also accepts cryptocurrency payments.

Fund Safety

Fox Markets holds its client funds in segregated accounts. This is to offer greater client fund protection and to ensure your funds are not used for operational purposes.

Trading Tools

Fox Markets has a copy trading service. Its Fox Master Trader Service allows you to implement the same trading strategy as other traders, using a managed account trading system.

Industry Awards

Fox Markets has won 3 industry awards.

Documents

When you open an account you need to send Fox Markets certain documents, such as a proof of identity and a proof of address. This is so that they can verify your identity and approve your account. You can send them copies of your passport, driver’s licence, recent utility bills, and bank account statements.

Fox Markets Customer Support

You can contact their customer support team by email, phone, and live chat.

Conclusion

Fox Markets is a reputable broker with great trading conditions. It offers low trading costs, high leverage, and fast trade execution. It also offers helpful trading tools and great customer service.

Ready to sign up? Register for an online trading account with Fox Markets here.