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: 404 Not Found
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
Hi, could you please help me to get the office address in Austria? I'm located in Austria and would like to visit them ..... thanks!