Foxane-Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in Saint Vincent and the Grenadines, Foxane is forex broker offering a series of trading instruments to both retail and professional traders, including Forex, Metals, Oil, Indices through the advanced MT4 trading platform. With Foxane platform, investors have the flexibility to choose from a range of trading accounts, with leverage up to 1:400.

Foxane does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.

Market Instruments

With the Foxane platform, four classes of trading instruments including Currencies, Stocks, Indices, Commodities can be traded.

Account Types

Foxane offers a range of trading accounts to suit different traders‘ varying trading needs: Beginner, Plus, Advanced, Premier, Platinum, Platinum Pro and VIP. To open a Beginner account, you need to fund at least $1000, which is much higher than most legit brokers’ requirements for this account.

Minimum deposits for other six trading accounts are from $1,000 with the Plus account, from $2,500 with the Plus account, from $5,000 with the Advanced account, from $10,000 with the Premium account, from $25,000 with the Platinum account, from $50,000 with the Platinum Pro account, from the $100,000 with the VIP account.

Foxane advertises that it offers some additional account services, such as multilingual support, educational tools, live signals, access to the advanced list of market instruments, and more.

Demo accounts are also available with this brokerage platform to allow beginners to gain a fee of this platform and practice their trading skills without risking their real capitals.

How to open an account with Foxane？

Opening an account with Foxane is an easy and simple process:

1. Click the “SIGNUP” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Fund your account and start to trade with this forex broker.

Leverage

In terms of trading leverage, Foxane permits traders to use leverage of up to 1:1400, insanely higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

Spreads & Commissions

Foxane does not mention any detail on its spreads and commissions.

Trading Platform

When it comes to trading platform available, what Foxane provides is a proprietary platform, which can be accessed on Web terminal, IOS and Android.

Deposit & Withdrawal

The minimum deposit to trade with Foxane is $100, and this broker allows traders to make a deposit and withdrawal through VISA, MasterCard, Bitcoin.

Customer Support

For any questions or concerns they may have about their accounts or their trading can reach out to Foxane through the following methods:

Online Communication

Telephone: 18008289937

Email: customercare@foxane.com

Registered Company Address: Beachmont Business Centre, 213, Kingstown, St. Vincent and the Grenadines

Or you can also keep up with this forex broker on some social media platforms, such as Facebook, Twitter, Instagram,

Restricted Regions

Foxane does not provide service to citizens or residents of Iran, Syria, U.S. or North Korea.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.