FOXXWAVE

FOXXWAVE is the trading name of Raw Trading Ltd, a Seychelles-registered entity that operates the website foxxwave.com. According to our records, the company was founded on 4 January 2026, making it a very recent entrant to the retail forex and CFD space. The broker presents itself as a multi-asset trading platform, offering access to forex, metals, cryptocurrencies, energies, stocks and indices.

Our records show that FOXXWAVE is licensed by the Seychelles Financial Services Authority (FSA) under a Derivatives Trading License (EP), with licence number SD018. The FSA is the main financial regulator in Seychelles, an offshore jurisdiction known for relatively light oversight compared to major financial centres. We note that the licence status is listed as '—' in our records, meaning we could not confirm its current active status from the public register.

FOXXWAVE is regulated by the Seychelles Financial Services Authority, holding a Derivatives Trading License (EP) with licence number SD018. This licence permits the firm to offer derivatives trading services, which includes retail forex and CFD products. Seychelles is a popular registration hub for forex brokers, but it is widely regarded as an offshore jurisdiction with limited regulatory oversight.

In FXCanary's assessment, the regulatory framework in Seychelles offers a lower level of investor protection compared to jurisdictions such as the UK, Cyprus or Australia. Traders should be aware that compensation schemes and dispute resolution mechanisms are less robust in this environment. The licence number is not published in our records beyond what is listed above, and we could not independently verify its current status.

FOXXWAVE offers a range of account types designed to cater to different trading styles and capital levels. The Zero, Raw Spread, and Pro-2 accounts all require a minimum deposit of $500, while the Standard account also starts at $500. The Pro account requires a minimum of $1,000, the ECN account $5,000, and the Premium account $10,000. This tiered structure allows traders to choose based on their experience and risk appetite.

According to our records, the Zero and Raw Spread accounts offer spreads from 0.0 pips, with commissions from $0.05 and up to $3.50 per side per lot respectively. The Pro-2 account has spreads from 0.1 pips with no commission listed. The Premium, ECN, Pro and Standard accounts do not list minimum spreads, but the Premium account offers leverage up to 1:1000, the ECN up to 1:500, the Pro up to 1:300, and the Standard up to 1:200. These figures suggest a focus on high-leverage trading, particularly for the Premium account.

FOXXWAVE advertises a broad range of trading instruments, including forex, metals, cryptocurrencies, energies, stocks and indices. This multi-asset offering is typical of modern retail brokers that aim to provide a one-stop trading experience. The broker's website highlights ultra-low spreads, fast execution, and a large number of trading instruments, though specific platform details are not fully disclosed in our records.

The broker mentions 'award-winning trading platforms' and services, but we could not confirm which specific platforms (e.g., MetaTrader 4 or 5) are offered. The website also references a research portal and Capitalise.ai for automated trading, suggesting a focus on providing tools for both manual and algorithmic traders. However, these claims have not been independently verified.

Our records do not list specific deposit or withdrawal methods for FOXXWAVE. This is a notable gap, as transparent funding information is a key factor for traders when choosing a broker. The absence of this information in our records may indicate that the broker has not clearly published its payment options, or that the information was not available at the time of our review.

FOXXWAVE maintains a Facebook presence, which suggests some level of social media engagement. However, we found no evidence of other social channels or a comprehensive customer support structure. For a broker that is only about seven months old, a limited public footprint is not unusual, but it does add to the overall uncertainty for potential clients.

FOXXWAVE is a recently established broker, registered in Seychelles, which are both factors that contribute to an elevated risk profile. Our FXCanary Scam Risk Score for this broker is 56 out of 100, indicating an elevated level of risk. The two main risk flags are its recent establishment (about seven months old) and its offshore registration in Seychelles.

Traders should approach this broker with caution. The lack of independent user reviews, limited public information, and the offshore regulatory environment make it difficult to assess the broker's reliability and trustworthiness. We recommend that traders conduct thorough due diligence before committing any funds, and consider the potential risks associated with trading through a broker with such a short operating history.

In FXCanary's assessment, FOXXWAVE presents a mixed picture. On the one hand, it offers a wide range of account types, competitive spreads on some accounts, and high leverage options. On the other hand, its recent establishment, offshore regulation, and lack of verifiable public information are significant concerns.

We were unable to find independent reviews or detailed third-party analysis of this broker, which is itself a cautionary sign. The web search results returned information about other, unrelated entities, and we could not confirm any of the broker's claims beyond what is in our own records. For a cautious trader, the absence of a solid track record and the limited regulatory oversight may be enough to look elsewhere.