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Is Foxi Markets still licensed?
Daniel Lacroix
澳大利亚
2024-06-12
ANSWER No, Foxi Markets is currently not licensed.Foxi Markets claims to be regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), but our checks show that the licenses with the same names are no longer valid. There's also no proof that Foxi Markets is linked to these expired licenses.Although Foxi Markets says it's registered in Thailand, it only gives a supposed company registration number. Currently, there are no specific forex trading regulations or regulatory bodies in Thailand. As such, Foxi Markets appears to be operating in an unregulated environment.The absence of regulatory oversight could lead to the risk of fraud and identity theft. To have a safer trading environment, investors are highly recommended to choose fully regulated brokers over unregulated ones like Foxi Markets.
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