Foxi Markets
We checked Foxi Markets against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Foxi Markets asserts that it is regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), providing alleged licensing information to support these claims. However, our verification with both regulators indicates that the licensees with identical names in the registers are no longer authorized and regulated. Furthermore, the records from these two watchdogs are insufficient to confirm that Foxi Markets is associated with these now-invalid licenses. Despite its claim of being registered in Thailand, Foxi Markets only provides a purported company registration number. As of the current date, there are no specific regulations for forex trading in the country, and no specific financial regulator responsible for licensing or regulating the forex market. In summary, Foxi Markets is not regulated by any governing body. Entrusting them with investors’ funds is highly risky, as there are no legal protections in place to safeguard these funds. We advise against investing with Foxi Markets.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Foxi Markets.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.