Fox Trading promises to offer exclusive trading services to the forex and cryptocurrency markets. Find out how it works today in our review.
What Is Fox Trading?
Fox Trading is an online trading platform for fiat currencies and cryptocurrencies. The platform just launched a crowdsale. By participating in the crowdsale, you can gain access to the company’s “revolutionary algorithm.” Crowdsale participants also earn a guaranteed percentage of benefits from the trading pool. Plus, you can access an “Autotrader” service that will generate profit through automated trading algorithms.
Fox Trading is being developed by Fox Binary Signals, an existing binary options trading platform. That platform launched two years ago. Today, they claim to have 1500 active daily users.
Obviously, when someone starts mentioning words like “binary options trading” and “automated trading” as an investment opportunity, it’s important to be skeptical. These are red flags that you’re dealing with a scam.
Is Fox Trading yet another investment scam? Or is this a legitimate investment opportunity that will pay you daily profits? Let’s take a closer look at how Fox Trading works.
How Does Fox Trading Work?
Users interact with Fox Trading through a desktop dashboard and an iOS/Android app. As an ICO investor, you’ll get lifetime access to the Fox Trading platform. You’ll also gain access to trading signals, along with a portion of profits collected in the Fox Trading Pool.
Premium investors will also gain access to the Autotrading platform, which claims to generate profits automatically with no manual trading required. The company claims its Autotrading platform allows users to “use the time for your hobbies instead of follow signals all the day [sic].”
The ecosystem revolves around the FXT token. However, it’s not totally clear how the token works: it provides access to the platform, including access to a pool of profits. However, it doesn’t appear to be actually used for transactions on the platform.
The Fox Trading FXT Token Sale
Fox Trading is issuing a token sale for its Fox Trading Token, or FXT. There’s a soft cap of $500,000 for the sale and a hard cap of $20 million. FXT is an ERC20 token on the Ethereum blockchain.
Tokens are priced at $0.50 to $0.68 during the token sale. As an FXT token holder, you gain access to the Fox Trading platform. You’re also eligible to receive 75% of the benefits earned by the trading pool.
70% of the total supply of FXT tokens is being distributed during the crowdsale. The remaining tokens are allocated for a company reserve (15%), advisors (10%), and bounties (5%). There’s a total supply of 50 million FXT tokens. The pre-sale is taking place starting on February 7, with the main ICO scheduled for March-April 2018.
Who’s Behind Fox Trading?
Fox Trading is led by Sergi Fernandez (CEO and Co-Founder), an entrepreneur experienced in forex markets. He’s also the CEO of Fox Binary Signals.
Other key members of the team include Roger Casanellas (CTO and Co-Founder), a financial expert who is also the co-founder of Fox Binary Signals.
The team is based in Barcelona, Spain.
Features of Fox Trading
Fox Trading advertises all of the following features:
- Exclusivity: Fox Trading claims that one of its keys to success is its exclusivity: the service is only available to a limited number of users.
- Experienced Team: Fox launched its binary options trading platform two years ago. The platform has 1500 users.
- Smart Trading: Fox Trading has an automated trading system that will make you easy, daily profits through automatic trading with no manual trading required.
- Multi-Platform Service: Users can access Fox Trading through an iOS/Android app or through a web dashboard for desktop users.
- Security and Low Fees: Fox Trading guarantees security and low fees through the use of blockchain technology.
Fox Trading FXT Token Conclusion
Fox Trading is a cryptocurrency trading platform with limited information available online so far. The company behind Fox Trading, Fox Binary Signals, launched a binary options trading platform 2 years ago. That platform has 1500 users.
There’s an overall lack of information about Fox Trading available online. There’s no whitepaper, for example, and there’s no explanation of the technical details of the platform. Despite the lack of information, Fox Trading seems prepared to launch its token sale for FXT tokens on February 7, 2018. The main ICO, meanwhile, is scheduled for March / April 2018.
To learn more about Fox Trading, visit online today at FoxTrading.io.