The world of trading has experienced an unprecedented transformation in the last few decades, mainly thanks to the development of the Internet and technology. This has resulted in stock trading becoming more affordable than ever before. In recent years, more and more new brokers have appeared on the market, trying to take their place. Among them is InvestingFox, which was founded in 2023.
In this review, we’ll take a look at what InvestingFox has to offer and how it stacks up against the competition.
What is InvestingFox?
InvestingFox is an online broker that offers trading in stocks, forex, commodities, indices and stock CFDs, according to its website . The broker is regulated in the EU and offers its clients a number of advantages, such as low fees, a wide range of instruments and customer support.
InvestingFox was founded in Slovakia by a group of developers who clearly see the prospects of online trading. The company is regulated by the EU and has been created in compliance with all EU legislation. InvestingFox is a new but promising and rapidly developing trader, whose main point of activity is total orientation towards the client.
With an extensive trading portfolio and more than 1000 trading instruments, InvestingFox makes a positive impression. InvestingFox occupies a good position among other brokers in the market, although it is not easy to get a stable position.
Advantages of the new InvestingFox broker
InvestingFox is a reliable and high-quality broker that offers a number of advantages such as:
- Transparent fees and terms: InvestingFox provides clear information about its fees and terms.
- Excellent Customer Service: InvestingFox offers customer service that is always ready to help.
- Modern technology: InvestingFox uses modern technologies that facilitate trading.
- Risk Management: InvestingFox has a robust risk management system to protect clients’ investments.
- Educational Resources: InvestingFox provides clients with educational resources to help them make informed decisions.
- Regulatory Compliance: InvestingFox complies with all applicable regulations.
- Marketing and Branding: InvestingFox invests in marketing and branding.
- Building Relationships: InvestingFox builds strong relationships with clients and colleagues.
- Feedback: InvestingFox actively seeks feedback from clients.
- Diversification: InvestingFox offers a wide range of financial products and services to meet different client needs.
What can be traded?
InvestingFox is a broker that offers a wide range of tradable instruments, including forex, indices, stocks and commodities. It also offers competitive spreads and leverage.
InvestingFox has over 1,000 tradable instruments, meaning traders can choose the ones that best suit their investment goals. For example, traders interested in trading currencies can choose from multiple currency pairs. Traders interested in trading stocks can choose from multiple stocks from around the world. And traders interested in commodity trading can choose from multiple commodities such as gold, silver, oil and natural gas.
Competitive spreads mean traders pay less for each trade they close. Spread is the difference between the buying and selling price of a financial instrument. The lower the spread, the less traders pay for each trade.
Leverage allows traders to trade with more volume than they have available in cash. This can help traders increase potential profits, but it can also increase potential losses.
InvestingFox demo account and its terms
InvestingFox offers a demo account that is quick and easy to set up. Follow these steps:
- Fill in your personal details, including name, email and password.
- Verify your identity as required by the platform.
- After verification, you will get access to a demo account with virtual capital.
A demo account is a great way to learn how to trade without the risk of losing real money. It replicates the real trading environment, including real-time data, charts and execution speed.
Once you’re ready, you can create a trading account. The validity of the demo account is limited to 30 days, after which you can switch to a Live account. The fee for maintaining a live account in the event of its inactivity is up to EUR 89.
X Station trading platform
InvestingFox uses the X Station trading platform, which is popular among traders. The platform offers a wide range of features and tools that facilitate trading.
X Station is a versatile platform that provides access to a variety of asset classes, including stocks, indices, commodities and forex. This allows traders to create well-balanced portfolios and explore different trading strategies.
The platform is also user-friendly, with an intuitive interface that makes it easy to navigate. Traders have one-stop access to real-time market data, advanced charting tools and technical analysis indicators.
X Station is also a secure platform that uses robust encryption protocols to protect users’ personal and financial information. In addition, the platform offers a mobile and web version, so it can be accessed from anywhere with an Internet connection.
InvestingFox Technical Support and Social Media
Other technical support is essential for merchants because it can help them in the following situations:
- Technical troubleshooting: Trading platforms can be complex and things can go wrong. Technical support can help traders resolve these issues and ensure they can continue trading.
- Strategy Advice: Technical support can provide strategy advice to traders and help them choose the right strategy for their investment goals.
- Education: Technical support can provide traders with education about the financial markets and trading. This can help traders become more knowledgeable and skilled.
InvestingFox has excellent customer support that is available 24/7, responds quickly and provides professional advice. Clients can contact customer support by phone, email or via a web form.
Conclusion of the review
InvestingFox is an important Slovak trader that has the potential to become a market leader.
The company offers a wide range of trading instruments and products, including stocks, indices, commodities and forex. It is licensed by the European Union, which guarantees the safety and protection of client funds.
InvestingFox also has great customer support that is available 24/7 and provides professional advice. The X Station trading platform is user-friendly and offers a wide range of features and tools.
The company’s website is well structured and contains useful information about trading and investing. InvestingFox is also making good strides in developing social media accounts.
InvestingFox offers the following benefits:
- Extensive and interesting portfolio: The company offers a wide range of trading instruments and products, including stocks, indices, commodities and forex.
- Demo Account: A demo account allows traders to try out the platform and trading strategies without the risk of losing real money.
- Relatively low minimum deposit
- Technical Support: The Company offers 24/7 technical support available by phone, email or web form.
- EU License: The company is licensed by the European Union, which guarantees the safety and protection of client funds.
- X Station trading platform: The company uses the X Station trading platform, which is user-friendly and offers a wide range of features and tools.
- Cyber Security Standards: The company adheres to the latest cyber security standards to protect the personal and financial information of its clients.
Demo account is only available for 30 days: The demo account is only available for a limited time, which may not be enough for some traders.
- Proposed solutions: The company could extend the duration of the demo account to 60 or 90 days.
Under-followed social accounts: The company has a lackluster social media presence, which can make it difficult for potential customers to learn about it.
- Anticipated solutions: The company could increase its social media presence by regularly sharing content such as news, trading tips and videos.
Conclusion: While InvestingFox offers a number of advantages, it also has some drawbacks. The demo account is only available for a limited time and the company’s social accounts are not heavily followed. If the company solves these shortcomings, it can become an even stronger player in the market.
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