Fx Trade Foundation is a Contract for Difference (CFD) broker with a domain registered on December 18, 2023. This broker primarily offers investment services for trading markets including foreign exchange, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on the Fx Trade Foundation website (fxtradefoundation.live), this broker claims to be regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
After verification, no regulatory institutions such as the FCA or ASIC have any registered companies named "Fx Trade Foundation."
Therefore, Fx Trade Foundation (fxtradefoundation.live) is essentially a scam broker with no company entity or regulatory oversight.
Account Opening Process
The Fx Trade Foundation account opening process involves visiting the broker's website, clicking "Open Account" on the homepage or "SIGN UP" at the top right corner to access the registration page. Fill in the required personal information such as name and email, set a login password, and submit. Once verified, the account is successfully registered.
Trading Instruments:
Fx Trade Foundation offers a variety of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculating on the performance of an entire market or specific sector without dealing with individual stocks, offering diverse trading opportunities with high leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in the global markets, enabling traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in public company stock price fluctuations, earning from price changes and dividends based on company performance without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Fx Trade Foundation offers four different types of investment plans: Basic account, Classic account, Platinum account, Forex Signal Subscription.
Basic account:
- Minimum Deposit: $500
- Minimum Expected Profit: $4,500
- Maximum Expected Profit: $5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profits
Classic account:
- Minimum Deposit: $5,000
- Minimum Expected Profit: $45,000
- Maximum Expected Profit: $50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profits
Platinum account:
- Minimum Deposit: $10,000
- Minimum Expected Profit: $99,999
- Full Benefits
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profits
Forex Signal Subscription:
- Professional Forex Signals
- Up to 10 Signals Per Day
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payments Only
- Use Any Broker
Trading Platform
Fx Trade Foundation claims to offer users MT4 and MT5 trading platforms with deep liquidity, up to 1:500 trading leverage, and the best spreads in the industry. However, upon investigating, MT4 and MT5 trading platforms do not list any broker named Fx Trade Foundation.
Deposits and Withdrawals
Fx Trade Foundation's website claims to support deposits and withdrawals via debit card, wire transfer, e-check, or check deposit. However, in the "FAQ" section, it states that multiple deposit methods including credit/debit cards and bank wire transfers are not supported, only cryptocurrency deposits and withdrawals are allowed.
Summary:
Traderknows reminds investors that Fx Trade Foundation is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
