FoxNewsTrade Review
32
Review
Fast Facts
Contact Info and Support
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 0 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
| - | ||
| Referrals | - | |
| Search | - | |
| Direct | - |
About FoxNewsTrade
FoxNewsTrade presents itself as a brokerage operating under the trading name “FoxNewsTrade” and claims to be incorporated in Saint Vincent & The Grenadines via the entity Canoodle Solutions Ltd, established in October 2021, with corporate agents including Wilfred Services Ltd; the domain used is foxnewstrade.org (). However, the firm holds no license from any recognized financial regulator, and Saint Vincent & The Grenadines does not regulate foreign exchange or CFD services ().
The Austrian Financial Market Authority (FMA) has issued a warning against FoxNewsTrade in regards to fraudulent broker activity, identifying it as a scam and specifically highlighting its unregulated status and association with false regulatory claims (). Analysts report that the broker does not maintain segregated client accounts, offers no negative balance protection, and discloses neither compensation schemes nor transparency on fees or commissions ().
The trading infrastructure includes a Web Trader platform purportedly offering forex, commodities, indices, cryptocurrencies, and shares with leverage up to 1:200. The site claims a minimum deposit of US $250, though spreads and commissions are not transparently disclosed; earlier references mention exceptionally tight EUR/USD spreads (e.g., 0.2 pips) combined with undisclosed commissions (). Withdrawal practices are opaque, with vague reference to processing times of 24 hours in one area, but elsewhere stating 4–7 days and potential handling fees without clear terms ().
Pros and cons
Cons
- No regulatory authorization or licensing in any jurisdiction, including the United States, Europe, or Australia ().
- Subject of a warning by the Austrian FMA, citing fraudulent activity and impersonation of regulatory norms ().
- Lack of clarity on fees, spreads, commissions, and withdrawal policies; high withdrawal risk and lack of transparency ().
- Use of offshore jurisdiction (SVG) allowing operation without oversight or investor protection ().
The information available does not support any reliable “pros” of engaging with this broker; therefore, a Pros section is omitted.
