The world of commerce has experienced an unprecedented transformation in the last few decades, mainly due to the development of the Internet and technology. This has made securities trading more accessible than ever before. In recent years, more and more new brokers have appeared on the Czech market, trying to take their place. Among them is InvestingFox, which was founded in 2023.
In this review, we’ll look at what InvestingFox offers and how it stacks up against the competition.
The content of the InvestingFox review:
What is InvestingFox?
InvestingFox is an online broker that offers trading in stocks, forex, commodities, indices and CFDs, according to its website. The broker is regulated in the EU and offers its clients a number of benefits such as low fees, a wide range of instruments and customer support in English.
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 was created in compliance with all EU legislation. InvestingFox is a new but promising and fast-growing trader, whose main point of activity is total client orientation.
With an extensive trading portfolio and more than 1000 trading instruments, InvestingFox makes a positive impression. InvestingFox occupies a good position among other brokers on the market, although it is not easy to gain a stable position.
Advantages of the new InvestingFox broker
InvestingFox is a reliable and quality broker that offers a number of benefits such as:
- Transparent fees and terms and conditions: InvestingFox provides clear information about its fees and terms and conditions.
- Excellent customer service: InvestingFox offers customer service that is always ready to help.
- Modern technology: InvestingFox uses modern technology to make trading easier.
- Risk Management: InvestingFox has a robust risk management system that protects clients’ investments.
- Educational Resources: InvestingFox provides clients with educational resources to help them make informed decisions.
- Regulations: InvestingFox complies with all applicable regulations.
- Marketing and Branding: InvestingFox invests in marketing and branding.
- Relationship Building: 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 that cater to the diverse needs of clients.
What all 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, which means traders can choose the ones that best suit their investment goals. For example, traders interested in currency trading can choose from multiple currency pairs. Traders who are interested in trading stocks can choose from multiple stocks from around the world. And traders interested in trading commodities can choose from multiple commodities such as gold, silver, oil and natural gas.
Competitive spreads mean that traders pay less for each trade they make. The 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 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 and conditions
InvestingFox offers a demo account that is quick and easy to create. Follow these steps:
- Fill in your personal details, including name, email and password.
- Verify your identity as required by the platform.
- Once verified, you will be given 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 demo account is limited to 30 days, after which you can upgrade to a live account. The fee for maintaining a live account in case of inactivity is up to €89.
Read also: BITmarkets review
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 make trading easier.
X Station is a versatile platform that provides access to various 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 navigation easy. Traders can access real-time market data, advanced charting tools and technical analysis indicators all in one place.
X Station is also a secure platform that uses robust encryption protocols to protect users’ personal and financial information. In addition, the platform offers mobile and web versions, making it accessible from anywhere with an internet connection.
Technical support and social networks InvestingFox
Technical support is essential for marketers because it can help them in the following situations:
- Technical troubleshooting: trading platforms can be complex and things can go wrong with them. Technical support can help traders resolve these issues and ensure that they can continue trading.
- Strategy advice: Technical support can provide strategy advice to help traders choose the right strategy for their investment goals.
- Education: technical support can provide traders with education about financial markets and trading. This can help traders become more informed and skilled.
InvestingFox has excellent customer support that is available around the clock, responds quickly and provides professional advice. Clients can contact customer support via phone, email or web form.
Conclusion of the review
InvestingFox is a major 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 excellent customer support that is available around the clock 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.
- A relatively low minimum deposit
- Technical Support: The company offers round-the-clock technical support available by phone, email or web form.
- EU license: the company is licensed by the European Union, which guarantees the safety and security 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.
- Cybersecurity standards: The company adheres to the latest cybersecurity 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 be insufficient for some traders.
- Anticipated solutions: the company could extend the demo account duration to 60 or 90 days.
Unfollowed social accounts: the company has a lackluster social media presence, which can make it difficult for potential customers to learn about it.
- Anticipated solution: the company could increase its social media presence by regularly sharing content such as news, trading tips and videos.
Conclusion: InvestingFox offers a number of advantages, but it also has some shortcomings. The demo account is only available for a limited time and the company’s social accounts are not very well followed. If the company resolves these shortcomings, it can become an even stronger player in the market.
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