We are not quite sure how to start this FoxicaTrading review. The company is such a big scam that it was difficult to catch all the information and distinguish what is right and what is not. However, in the end, we managed to summarize everything about FoxicaTrading in one place. Let’s start.
|Regulated by:||No regulation|
|Minimum Deposit:||300 GBP|
|Types of Assets:||Forex, commodities, shares|
FoxicaTrading Regulation and Security
After we’ve opened the FoxicaTrading website, the first reaction was “WOW”. The broker is so advanced and organized and on top MFSA regulated. But the moment we dived deeper, the positive WOW turned into a very negative one.
The FoxicaTrading is a brand owned by P24O Ltd, a company based in Malta. Now, there was one thing confusing us. The broker stated to be regulated by US Financial Services Authority. You would think it is the US regulatory body. However, US FSA is just a part of MFSA, the regulatory body of Malta. And the regulation number the company provided is used by several scam brands. Besides Foxica Trading, Paramount FX, 247BinaryTrade, and CryptoWorldTrade, all the companies from the same owner use the same regulation number.
It seems that this company’s scam is widespread.
Warnings From Financial Regulators
Since the broker claims to be MFSA regulated, we’ve checked their register. They are not regulated, but this regulatory body issued a warning against FoxicaTrading and all the other brands under the same license. They stated that these brands are scam and invited all the people who have been scammed to report them.
Now we have final confirmation, FoxicaTrading is not a legit broker.
Can I make money with FoxicaTrading?
After everything we’ve listed above, so far, you know the answer to this question. As per our FoxicaTrading review, the broker is running a well-organized scheme, including several other brands as well. Therefore, it’s not a safe company to trade with, neither you can make money with it.
When we’ve checked the minimum deposit, once again, we stayed confused. There are so-called Weekly accounts, and the smallest one is Starter that requires a minimum of 300 GBP. Also, there are Monthly accounts; the smallest one is a Luxury account that starts from 50,000 GBP. What is the difference between weekly and monthly account? Not able to tell.
Scammed by FoxicaTrading?
If you’ve got scammed by a FoxicaTrading broker, you need to file a dispute and request a chargeback immediately!
But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam.
Contact us via chat immediately and book your free consultations! Let’s get your money back!
What is FoxicaTrading?
FoxicaTrading is an online trading broker blacklisted by MFSA.
Is FoxicaTrading a Scam?
The broker was blacklisted by MFSA and declared a scam company.
Is FoxicaTrading regulated?
The broker claims to have MFSA regulation, but this regulatory body denied it.
Are Funds Safe with FoxicaTrading?
Since the broker is not regulated, your funds are not safe with FoxicaTrading.