Hello FPA,
the Fox Trading Ltd. is a company located in Hong Kong, with a office in Austria. Its offering Managed Forex Accounts and some Trading Software.
Here is their website: www.fox-signal.hk/index.php
A friend of mine here in Germany have become a client of this company 3 months ago. They manage his account and made since then a good perfomance.
First he gives then 3000 Euro, after a few weeks 10.000 Euro, and up to date he has 50.000 Euro there.
A few days ago, i read about scamer of managed accounts in forex market, and to watch out about some things like the location of the company, or some regulations. I think of my friend, and then i tried to find some informations about that company in the net, but found nothing! Not a single site about some previews or tests. The Homepage adress of Fox Trading Ltd. was send to me by my friend, because you can not find it at google.
I tried to call and email some regulatory authorities like BaFin here in Germany or FSA in london, to find something about FT, but i couldn't get some answers.
My friend is now a bit nervous, and now he want so make some withdraw of his money. A few hundreds Euro were not problem. But i don't know with bigger amount.
Maybe some of you have some experiences with this company, and can tell me more. Maybe theres nothing wrong with them, but if there is, than i hope i can help my friend and warn other people about that company.
Best regards
the Fox Trading Ltd. is a company located in Hong Kong, with a office in Austria. Its offering Managed Forex Accounts and some Trading Software.
Here is their website: www.fox-signal.hk/index.php
A friend of mine here in Germany have become a client of this company 3 months ago. They manage his account and made since then a good perfomance.
First he gives then 3000 Euro, after a few weeks 10.000 Euro, and up to date he has 50.000 Euro there.
A few days ago, i read about scamer of managed accounts in forex market, and to watch out about some things like the location of the company, or some regulations. I think of my friend, and then i tried to find some informations about that company in the net, but found nothing! Not a single site about some previews or tests. The Homepage adress of Fox Trading Ltd. was send to me by my friend, because you can not find it at google.
I tried to call and email some regulatory authorities like BaFin here in Germany or FSA in london, to find something about FT, but i couldn't get some answers.
My friend is now a bit nervous, and now he want so make some withdraw of his money. A few hundreds Euro were not problem. But i don't know with bigger amount.
Maybe some of you have some experiences with this company, and can tell me more. Maybe theres nothing wrong with them, but if there is, than i hope i can help my friend and warn other people about that company.
Best regards