What is Foxane?
Foxane is a forex and CFD broker based in Saint Vincent and the Grenadines, listed with a foundation year of 2021. It offers leverage up to 1:20, spreads from 1.0 pips and a minimum deposit of $1. Clients trade on FoxTrader for webtrading, android and iOS. and on mobile.
Foxane is an online trading broker that trades for Forex, Indices, Commodities, and Stocks. This broker is based on its own trading platform named FoxTrader. This is available as a webtrader along with software for Android and iOS.
Foxane has seven types of live trading accounts. All these accounts have a different level of minimum deposit. All these accounts have different features. These accounts are named Beginner, Plus, Advanced, Premium, Platinum, Platinum Pro, and VIP account. All the live trading accounts by this broker are described below;-
- Beginner account:- The Beginner account starts with a thousand US dollars of deposit. Clients can Trade in thousands of markets around the globe with competitive pricing and reliable execution. This account gets multi-lingual support.
- Plus account:- This account starts with a $2,500 minimum deposit. This account has educational tools, Live Signals, and access to the advanced list of market instruments.
- Advanced account:- This account starts with a $5000 deposit. This account has access to trading with individual stocks. This account is a customizable account. Clients can customize the alert, they can personalize the feed also.
- Premier account:- This account starts from $10,000. This account has Islamic account support. This account has individual charts and personal-oriented analytics. This account has all the features of the advanced account.
- Platinum account:- This account starts with $25,000 of funding. This account gets the development of a personal trading strategy. This account also gets support from a personal account manager. This account also has the features of the premier account as standard.
- Platinum Pro account:- This account starts with a $50,000 minimum deposit. This account has all the features of the platinum account. This also gets individual direct communication lines. This also has a special swap account.
- The VIP account;- This account starts with $100,000 of funding. This account is the flagship account by this broker. This account has accelerated withdrawals of funds. The account holder will get invitations to VIP events. It has all the standard features from the Platinum pro account.
Is Foxane safe and regulated?
Foxane is regulated by Foxane has no regulatory. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Foxane account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $1 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Foxane provides FoxTrader for webtrading, android and iOS., so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 1.0 pips on major currency pairs.
- Leverage up to 1:20 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Foxane supports 2 funding methods, including Bank Transfers, Credit card/ Debit card. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
Foxane bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current Foxane promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Foxane website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Foxane pros and cons
Pros
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
- Low minimum deposit of $1
Cons
- Only offshore regulation
- No investor compensation scheme
- FoxTrader for webtrading, android and iOS. only in our listing, no MT4/MT5 confirmed
- No Islamic account listed
How to open a Foxane account
- RegisterVisit the Foxane website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $1 with Bank Transfers, Credit card/ Debit card.
- Start tradingLog in to FoxTrader for webtrading, android and iOS. or the mobile app and set your risk per trade.
Is Foxane a good broker? Our verdict
Foxane suits active traders who want freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.