Fox Trading as a Forex and cryptocurrency trading platform, has come to the forefront with their promise of a unique platform for trading in cryptocurrencies. Here we explore the details of the company, the services they offer and their future plans for which an ICO has been initiated by the company.
About Fox Trading
Fox Trading is an online platform for trading in fiat and cryptocurrencies. It was developed and launched by Fix Binary Signals. This existing trading platform has been around since 2016 and today they have about 1500 active daily users who log into the trading platform. The company is headed by Sergi Fernandez, who is CEO and Co-Founder of the company as well as Fox Binary Signals. Other key team members of this Barcelona based company include Roger Casanellas who is CTO and co-founder of the platform.
Their future plans
The company has launched a crowd sale in the month of March 2018 where they encourage participants to be a part of the community so that they can gain access to the unique algorithm that the platform would be used. The participants would also benefit with a guaranteed percentage of the trading pool. The platform would also provide access to an Autotrader service that will be an automated boot trading platform.
How will Fox Trading work?
For those who are curious to know how this trading platform works, users can use the Fox Trading platform on their desktop or even log in using a smartphone or tablet app. For those who invest in the ICO they will gain lifetime access to this trading platform. Hence such users will be sent trading signals as well as a portion of profits that they will collect from the Fox trading pool.
Features of Fox Trading
● Fox Trading offers exclusivity as this trading service will have a limited number of users.
● It is backed by an experienced team that has run an online Forex exchange and cryptocurrency trading platform for quite some time. The binary options platform that the team runs have been in existence for two years now.
● The trading system is an automated system which will ensure easy profits for the users through automatic trading signals set.
● The ICO participants would be guaranteed low fees and secure trading on the platform with Blockchain technology.
Fox Trading FXT token
The trading platform is a cryptocurrency based framework that would include a secure community of the ICO participants. Token sales through the ICO would have a soft cap of $500,000 for sale and a hard cap limit of $20 million. FXT is an ERC 20 token that is based on the Ethereum Blockchain technology. Tokens are being priced between $0.5 to $0.68 in the ICO sale. Those who become FXT token holders will gain membership to the trading platform as well as 75% of the benefits that the platform earns in the trading pool. The ICO is ongoing currently until April 2018.
Points to consider
Many might wonder whether it is an investment scam or would it prove to be a legitimate investment opportunity into a lucrative currency trading business. Today there is not much information as to how well Fox Trading has performed in the past and provided profits to past customers. With the trading platform set to change, there would be a certain level of uncertainty about the profitability of the framework that participants need to consider.
