About FOXITRADE
Company Overview
FOXITRADE is an online forex and CFD broker that was founded on March 15, 2021. The broker is registered in the Marshall Islands, with a registered address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro MH96960. Based on official records, FOXITRADE primarily targets retail traders in Malaysia, offering leveraged trading in multiple asset classes.
The broker claims to provide access to the MetaTrader4 platform, a popular trading interface known for its analytical tools and automated trading functions. However, due to the absence of independent web search results, these claims cannot be externally verified.
Regulatory Status
Crucially, FOXITRADE operates without any valid financial regulation. The broker is not licensed by any recognized regulatory body, and its registration in the Marshall Islands does not confer oversight from a financial authority. This lack of regulation presents significant risks for traders.
As FXCanary's research indicates, an unregulated broker offers no recourse for dispute resolution and no guarantee of fund security. Traders should exercise extreme caution when considering such entities.
Trading Conditions
According to available information, FOXITRADE offers floating spreads and leverage up to 1:100. The trading instruments include forex pairs, CFDs on indices and commodities, precious metals, energies, and futures. These conditions are typical for retail forex brokers, but without regulatory scrutiny, the accuracy and fairness of pricing and execution are uncertain.
The broker does not specify minimum deposit requirements or available account tiers in the records we have. Prospective traders would need to consult the broker's website for such details, though given the lack of independent information, any such data should be treated with caution.
Market Position and Target Audience
FOXITRADE appears to be a relatively new entrant in the forex brokerage space, primarily marketing to traders in Malaysia. The broker positions itself as providing access to global markets through the MT4 platform. However, its unregulated status and limited publicly available information make it a high-risk choice.
The broker's target audience likely includes retail traders seeking leveraged exposure to forex and CFDs, but the absence of a regulatory framework means that no protection mechanisms are in place for clients.
Overview compiled by FXCanary from regulatory records and public data. full FOXITRADE review