Fox Trading

Fox Trading

Created using Figma
Created using Figma
FOX TRADING is a platform in which a trading robot, created by seasoned experts using a computer program, smartly determines and notifies the user the best time to buy or sell a currency pair. Fox trading is specialized in all aspects of Forex trading and the algorithm (with the supervision of competent traders) sends signals of market opportunities with very high accuracy. The binary signals are executed by a broker automatically, giving users profits as they sleep, work or even drive.Even though the whitepaper easy to understand, it leaves out a lot of details that would play a huge role in my decision to invest in the platform. It dwells more on how different the ecosystem is from manual trading and the subsequent benefits.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Mercatox
    FOXT/BTC one month ago
    $ 0.0029
    $ 28.709 K
    1.92%
    -37.22%
  • Mercatox
    FOXT/ETH one month ago
    $ 0.0034
    $ 7.716 K
    15.70%
    57.10%
  • Hotbit
    FOXT/ETH one month ago
    $ 0.0033
    -
    -
    -
  • Idex
    FOXT/ETH one month ago
    $ 0.0163
    -
    -
    -
Sale
Mar 10, 2018
Apr 10, 2018
100% completed
$300 000
100% goal completed
past
Pre-sale
Feb 7, 2018
Mar 9, 2018
100% completed
Raised funds - no Data
past
Token Details
Accepted Currencies
ETH, BTC
Company Details
Registered Country
Spain
Additional Details
MVP/Prototype
Yes
Categories
Platform, Cryptocurrency, Business services, Software, Smart Contract

About Fox Trading

We want to provide our contributors with a trading service that it’s going to be limited and exclusive. Ensuring that the algorithm of the robot is not used for many people to keep the correct performance and also creating a token that will turn into a good investment, which is linked to the performance of the robot.

With Fox Trading tokens investors can access the exclusive signal service for Forex and Cryptocurrencies, which will be sent through the web dashboard and the iOS/Android app. User will receive notifications with all information about the signals, when our traders place each order. In the dashboard, users will also see the global performance of the robot and the revenue generated by the Trading Pool that they will receive monthly or quarterly.

Fox Trading system is built on one algorithm created by programmers and traders, based on 2 years of results on the Forex industry, which has been renewed and adapted to Forex and Cryptocurrencies trading. The algorithm is based on MetaTrader 4 (main Forex trading platform) and programmed in MQL4. The algorithm provides to our traders team clear market opportunities but they’re the ones who finally validate and execute the orders and send signals to the customers. To completely avoid losing performance on the algorithm, the service is going to be provided to a limited number of customers. The algorithm will also work with an amount destined to Trading Pool.

One of the main advantages for participating Fox Trading ICO is the opportunity to contribute to the Trading Pool and receive dividends. A 15% of the total crowdsale is allocated from the liquidity fund to those then awarded proportionally to the participants. The more tokens you have, the more percentage you will receive. The 75% of the revenues generated by the algorithm will be paid from the Trading Pool to token holders - profits will be paid as a monthly or quarterly fee. The other 25% will be reinvested on the Trading Pool to increase the fund capital and, consequently, also the next benefits that are generated. When a token holder aims more benefits he is able to add funds to the pool to increase his revenues, in that case, they will receive 90% of the profits generated by his funds.

All users of the ICO will have free and lifetime access to the signals service when they hold the tokens. On the other hand, new users will have to buy tokens to access, which  will make the tokens unique, and token holders are safe because this demand increases the price of the token. All users will have access to the signals, but the Autotrading Service access promotion will be only for Premium users who buy more than 0.5 ETH of tokens. This VIP or Premium access is given to them with also premium signals, access to future exclusive promotions, extend access to the service. To benefit our investors, this Premium access will be available only during the ICO, after which there will be no more available slots for the sale of this type (they will be able to sell membership).

As we already did in our service for Binary Options, our goal is to offer users an Autotrading platform to be able to copy all our trades in a 100% automatic way. We understand the need of users to be able to follow our performance without to be sitting all day on in front of the computer. That is why, using the APIs that offer the most important exchanges of cryptocurrencies, we are going to develop a tool to be able to generate profits while you are sleeping or enjoying free time. Of course, by also offering trading signals for Forex, the system will be compatible with the MetaTrader platform, the most common for most standard Forex brokers. In turn, due to the current high demand, these brokers have also added the possibility to trade with some of the main cryptocurrencies, offering to trade pairs like BTC/USD or ETH/USD.

 

Features

Trading signals based on algorithm.
Percentage of the benefits of the Trading Pool without adding extra investment.
Autotrader service hands-free to copy investments.

Fox Trading Roadmap

  • Final development of trading algorithm

  • Continue testing, improving and developing the final version of the trading algorithm to take advantage of the cryptocurrencies trading.
  • January 2014

  • Company Founded. Fox Binary Signals was a project created by traders for traders. We want to contribute our experience on trading to the Binary Options Signals services to provide a quality product at an affordable price so we can help as many traders as possible.
  • Desktop platform and app release (BETA)

  • In this phase will be released a first version of the platform with which you can already access the signals generated by the algorithm
  • February 2015

  • Launched Trading Binary Signals Service. After months of hard work developing a real profitable and stable trading method, we finally decided to start with the trading signals. We created a web platform and an iOS/Android app that allows users to receive notifications wherever they are.
  • Read More
  • Launch Autotrading Service (BETA)

  • Offer the Autotrading service for our Premium users. This service will be developed with the maximum possible compatibilities.
  • October 2016

  • Launched Autotrading Platforms Once we established the initial service of trading signals and our community started to grow, we decided to add this functionality. Due to the need of the users who do not really have the time to trade all the signals that we send. Also, with this system they copy and make profit 24 hours a day while you're sleeping or enjoying free time.
  • Final Platform release

  • Once several tests have been carried out the final platform will be released.
  • September 2017

  • Starting trading on Cryptocurrencies. We had planned to upgrade the service to Forex Trading and we were working on the project, but due to the Cryptocurrency boom we also empathize with trading these assets, with which we can generate much more % daily due to the high volatility. Then, we started working to adapt the current algorithm/method to the Forex and Cryptocurrencies markets. We wanted to limit this service to a controlled number of users, so, in turn, we decide to take advantage of the Blockchain revolution to create our own ICO.
  • February 7, 2018

  • ICO Presale. As detailed in the Whitepaper, during this stage the ICO will be opened for the sale of a part of the tokens with an amazing bonus to reward the early investors. A total of 2.5M FXT tokens that would signify around $1.5M with which, completing this phase, we would ensure the development of the Project because the Soft Cap is reached at $500,000.
  • March-April 2018

  • ICO Main Sale. Here the rest of the ICO tokens will be sold, also with some % with which we reward our investors. Everyone who wants to secure a slot in this service, should acquire part of the tokens during this stage.
  • Q2-Q3 2018

  • Final development of trading algorithm. As we have already mentioned, we have been testing our algorithm for months (mainly in Forex currencies), but we will continue for much of 2018 in the definitive and improved development of this algorithm so that it adapts perfectly to the needs of our investors to take full advantage of the cryptocurrencies trading. We will begin to make contact with the APIs of several exchange to be able to perform algorithm tests directly on their platform.
  • Q3 2018

  • Desktop platform and app release (BETA). In this phase will be released a first version of the platform with which you can already access the signals generated by the algorithm, it will be a BETA phase in which users can report problems or provide improvements to the platform.
  • Q1 2019

  • Launch Autotrading Service (BETA). Once the web platform and the applications are working correctly, the next step, following the correct steps made in our previous service, will be to offer the Autotrading service for our Premium users. This service will be developed with the maximum possible compatibilities, depending on availability and compatibilities with our trading method, using the APIs offered by the main cryptocurrency exchanges
  • Q1-Q2 2019

  • Final Platform release. Once several tests have been carried out, possible errors have been fixed and the improvements proposed by the contributors implemented, the final platform will be released. It will be from this point, where users interested in accessing the service can do so, only and explicitly, purchasing FXT tokens. Thus ensuring the increase in demand and FXT token price with which the initial contributors will have a valuable asset and they will see their investment grow.

Activity

Activity:
504
VERY HIGH
Merit:
101
MEDIUM
Posts:
256
MEDIUM
Views:
5 435
MEDIUM
Users:
98
LOW

Fox Trading Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Sergi Fernandez
CEO and Co-Founder
unverified
Roger Casanellas
CTO and Co-Founder
unverified
Marc Garcia
Developer Manager
unverified
Jaume Pina
Forex and Stocks Trading Expert
unverified
Gerard Sole
Applications Developer
unverified
Lorena Nieto
Marketing
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Ricard Valles
Advisor
unverified
Francesc Puig
Advisor
unverified
Oriol Valles
Advisor
unverified
Taiga Harigai
Advisor
unverified
Pol Garcia
Advisor
unverified
Joan Company
Advisor
unverified
Albert Pineda
Advisor
unverified
$ 0.0022
-4.31%
Coin Stats
Daily, %:
-4.31%
Weekly, %:
-24.20%
Monthly, %:
-37.07%
Market Info
Market Cap:
Volume 24h:
$ 46.011 K
Circ. Supply:
0 FOXT
Ticker:
FOXT

Fox Trading Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

FOX TRADING is a platform in which a trading robot, created by seasoned experts using a computer program, smartly determines and notifies the user the best time to buy or sell a currency pair. Fox trading is specialized in all aspects of Forex trading and the algorithm (with the supervision of competent traders) sends signals of market opportunities with very high accuracy. The binary signals are executed by a broker automatically, giving users profits as they sleep, work or even drive.

PROS

  • Fox Trading will be built on an algorithm created by distinguished traders and programmers based on two years of positive results in the FOREX industry.
  • With a working algorithm and a small number of people using it (The trading service will be limited and exclusive), this platform has greater profits than conventional alternatives.
  • The ecosystem works for Fox Binary Signals as well as for Forex and Cryptocurrency trading. It, therefore, provides a complete service for FOREX trading.
  • Investors in FOX trading will be entitled to exclusive signal service for cryptocurrencies and Forex, sent through the iOS/Android app and the web dashboard, among many other benefits.
  • Once the tried-and-tested algorithm performs well, a larger number of investors will be attracted to the platform. Such investors will buy tokens at a higher price generating profits to initial token buyers.
  • It eliminates the need to waste time on a daily basis as a trader looks out for and analyses signals before trading. Psychological factors related to anxiety also do not affect trading.
  • The whitepaper covers all important aspects of the platform allowing the reader to make an informed investment decision.

CONS

  • The team; there is no mention of the core team members and advisor. The reader is left wondering if they exist in the first place and what qualifications they have.
  • Users cannot buy FOXT (the system tokens) using fiat currencies. Non-users of digital currencies have a hard time acquiring the tokens.
  • Using an algorithm makes investing in Forex a less exciting affair and as such destroys the ecstasy and rage of trading.

SUGGESTIONS

  • The whitepaper should include a list of core team members complete with a brief description of their qualifications, specializations and any other relevant detail.
  • The FOXT should be made compatible with fiat currency so that potentials customers who are not using cryptocurrencies can easily buy the tokens.
  • The platform should include an option where the algorithm tells the users what the signals are indicating and allow the user to make the final decision.

NOTE:

Even though the whitepaper easy to understand, it leaves out a lot of details that would play a huge role in my decision to invest in the platform. It dwells more on how different the ecosystem is from manual trading and the subsequent benefits. The main technical aspects of its profitability, the working of the system and future prospects are missing. So, I will not invest in it.

Read More
thetechinsider.org
reviews

Summary

We believe that you should be cautious when viewing ICOs such as Fox Trading. There are a few pieces of important information that was either left out or ignored by the developers. Thus, be careful with this ICO as it has some red flags present.

Positives
Low Fees and Security: Fox Trading ensures that users will receive full security and 0% fees when participating in their network.
Multi-Platform Service: Users can use Fox Trading through the use of an iOS/Android app or through a desktop.
Exclusivity: Fox Trading’s key to success is its ability to only allow a few users onto their platform. Under 200,000 users will be eligible to participate on their network.

Negatives
Lack of Information: There are a few gaps on the whitepaper that have yet to be addressed. This reduces the credibility of this ICO.
Uncertainty: No one knows what Fox Trading tokens are used for. They seem to be used just for investing and not any long-term benefit.
MVP: We would like to see a working version of Fox Trading. But since the ICO is exclusive to only investors, we’ll have to wait to see if any updates occur in the future.

Read More
bitcoinexchangeguide.com
News, reviews

Fox Trading is a cryptocurrency trading platform with limited information available online so far. The company behind Fox Trading, Fox Binary Signals, launched a binary options trading platform 2 years ago. That platform has 1500 users.

There’s an overall lack of information about Fox Trading available online. There’s no whitepaper, for example, and there’s no explanation of the technical details of the platform. Despite the lack of information, Fox Trading seems prepared to launch its token sale for FXT tokens on February 7, 2018. The main ICO, meanwhile, is scheduled for March / April 2018.

Read More
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