InvestingFox
Pros and Cons
Pros
- Offers a wide variety of trading instruments including Forex and commodities
- Trading platform: MetaTrader 5 (MT5)
- Demo accounts available for practice
- No deposit or withdrawal fees
- Flexible leverage ratios up to 1:30
Cons
- No valid regulatory oversight
- High minimum deposit of €20,000
- Wide EUR/USD spread of 3 pips
- No cryptocurrency trading options
- Limited educational resources for traders
Basic Information
User Reviews
InvestingFox Overview
Founded in 2015, InvestingFox is a forex broker based in Slovakia. While the broker offers a range of trading services, it operates without regulatory oversight, which may raise concerns for potential clients. As an unregulated entity, InvestingFox lacks the protections typically associated with regulated brokers, making it essential for traders to proceed with caution and conduct thorough research before engaging with the platform.
Is InvestingFox Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| No Regulation | Slovakia | No investor protection measures |
Is InvestingFox Regulated and How Are Client Funds Protected?
InvestingFox is currently unregulated by any recognized financial authority, which raises significant concerns regarding the safety of client funds. With no regulatory oversight, there are no investor protection mechanisms in place, leaving traders vulnerable to potential fraud or unethical practices. Trading with an unregulated broker like InvestingFox poses increased risks, including the possibility of losing your investment without any recourse. It is crucial for traders to consider these factors carefully before engaging with such brokers.
Trading Products and Services
What trading instruments does InvestingFox offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | 50+ |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | Apple, Tesla, BP | 100+ |
| Cryptocurrencies | BTC, ETH | Varies |
InvestingFox provides a diverse selection of trading instruments that cater to a wide array of trading strategies and preferences. With offerings across multiple asset categories, including Forex, commodities, indices, and stocks, traders can effectively diversify their portfolios. This variety not only meets the needs of different types of traders—ranging from beginners looking to explore the markets to seasoned professionals employing complex trading strategies—but also enhances opportunities for risk management and capital growth. By supporting various products, InvestingFox empowers traders to adapt their strategies and maximize potential returns in ever-changing market conditions.
Account Types and Trading Conditions
What Account Types and Fees Does InvestingFox Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Basic Account | Beginners | Low minimum deposit, access to educational resources | Minimum deposit of €20,000 |
| Advanced Account | Intermediate traders | Higher leverage, improved spreads | Minimum deposit of €100,000 |
| Professional Account | Experienced traders | Customizable services, high leverage | Minimum deposit of €500,000 |
| Platinum Account | Corporate clients | Exclusive features, premium support | Minimum deposit of €1,000,000 |
| Demo Account | All traders | Risk-free trading environment | Available for practice without financial commitment |
Account Opening Process
To open an account with InvestingFox, follow these steps: First, submit personal information, including your full name, address, and date of birth. Next, provide employment and financial details, such as your income and trading experience. After this, you will need to verify your identity by uploading documents like a valid ID and proof of address (e.g., utility bill). The process is straightforward and ensures compliance with regulations. Additionally, there is flexibility to upgrade your account type later, allowing you to access more advanced trading features as your experience grows.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 3.0 | €5 per lot | Standard spread for major pairs |
| CFDs (Stocks) | Varies | 0.10% per trade | Dependent on the stock traded |
| CFDs (Indices) | Varies | €5 per lot | Competitive rates for indices |
| CFDs (Commodities) | Varies | €5 per lot | Includes various commodity types |
Other Fees
InvestingFox does not charge any deposit or withdrawal fees, which is a significant advantage for traders. However, keep in mind that there may be inactivity fees applied to accounts that remain dormant for an extended period. Additionally, overnight interest (swap rates) may apply on positions held overnight. Currency conversion fees can also be incurred when trading in different currency pairs, depending on your account currency and the selected trading instruments.
Trading Platforms and Apps
What Trading Platforms and Apps Does InvestingFox Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, multiple order types, technical indicators, symbol lookup | Demo accounts, VPS |
| Web Version | Any device with a browser | Encryption, market search, one-click trading, price alerts | API interface |
| Mobile App | iOS, Android | Biometrics, push notifications, real-time alerts, easy navigation | Demo accounts |
InvestingFox offers a variety of trading platforms tailored to meet different trader needs. The MT4/MT5 platforms, suited for desktop users, provide advanced trading capabilities including multiple order types and technical indicators. The web version enhances accessibility across devices, while the mobile app ensures that traders can manage their accounts on the go with secure biometric logins and real-time alerts.
Overall, InvestingFox prioritizes a secure trading environment with features like two-factor authentication and encryption. Each platform supports efficient market searching and fast order execution, enabling traders to stay informed and responsive in dynamic market conditions.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-2 business days | No platform fee, 0.5% charge for amounts under €1,000 | Min €50, Max €15,000/day | EUR, USD |
| GrabPay | Instant | No fees | Min SGD 30, Max SGD 20,000/day | SGD, USD |
| SPEI | Instant | No platform fee, 1% charge for amounts over MXN 5,000 | Min MXN 100, Max MXN 50,000/day | MXN, USD |
| International Wire Transfer | 3-5 business days | $25 fee per transfer | Min $100, Max $30,000 per transaction | USD, EUR |
Minimum Deposit
InvestingFox requires a minimum deposit of €50 for accounts funded via SEPA transfer, while the minimum for GrabPay is SGD 30. For SPEI, the minimum deposit is MXN 100. The minimum deposit may vary depending on the account type and the chosen payment method.
How to Withdraw
To withdraw funds from your InvestingFox account, follow these steps:
- Log in to your InvestingFox account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the limits.
- Confirm your withdrawal request.
- You will receive a confirmation email. Processing times will vary based on your selected method.
Customer Support
InvestingFox Customer Support Overview
Support Channels
InvestingFox offers multiple contact methods for customer support to ensure that clients receive prompt assistance. The primary support channels include:
- Email: Clients can reach out to the support team via email at support@investingfox.com.
- Live Chat: For real-time assistance, clients can utilize the live chat feature available on the InvestingFox website.
- Telephone: Customers can contact support directly by calling +421 2/222 007 70.
- Social Media: InvestingFox maintains a presence on various social media platforms where clients can also seek help and updates.
Service Availability
InvestingFox provides customer support services 24/5, ensuring that clients can contact the support team during regular business hours. Additionally, the platform offers multilingual support in several languages, catering to a diverse clientele.
Additional Resources
To enhance the trading experience, InvestingFox also provides various educational resources, including:
- Video tutorials to help clients navigate the trading platform.
- Webinars covering key trading strategies and market insights.
- Market analysis to assist traders in making informed decisions.
- Trading signals for clients seeking guidance on potential trading opportunities.
InvestingFox is committed to delivering high-quality support services to its customers, ensuring they have the resources and assistance needed for successful trading.
Frequently Asked Questions
InvestingFox operates without any valid regulatory oversight. As a result, clients are advised to be aware of the inherent risks associated with trading through an unregulated broker.
InvestingFox offers trading on various instruments, including forex, commodities, and indices, with leverage up to 1:30. The minimum deposit required to open an account is €20,000, and spreads can start from 0.01 pips, with a typical EUR/USD spread of 3 pips.
While InvestingFox does not charge deposit or withdrawal fees, it is important to note that the lack of regulation may pose risks to fund security. Clients should carefully consider this before investing and ensure they understand the potential risks involved.
Clients can reach InvestingFox’s customer support via email at support@investingfox.com or by phone at +421 2/222 007 70. The support team is available to assist with inquiries regarding account management and trading services.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.