Fox Trading Platform Summary
By: Ivan Juras
Tags: Cryptocurrency, Make Money Online, Passive Income, Blockchain, Ethereum

Fox Trading is a real trading platform. Its aim is to improve and modernize algorithmic trading using the blockchain technology.

The company has issued their own ERC20 token: FOXT. It’s strictly a utility token. Every service you use on the platform will cost you FOXT. However, the payouts (such as your arbitrage profits) will never be in FOXT, because that would make it a Ponzi scheme.

Remember, if you need to sell your profits to somebody else, that means you’re dependent on the buyers, in reality making the “platform” a Ponzi scheme.

Fox Trading is NOT a Ponzi scheme. They’re a real company, with real people living and working in Spain.

They have a proven record of over 2 years in the binary options industry. They have real, working bots, and the transactions will be available on Etherscan.

The payouts will mostly be in ETH (depending on the service you’re using).

Fox Trading platform has 3 parts:

Signals, for taking trades manually, Auto-trading, for connecting your accounts to their trading algorithms, Trading pool, for a completely hands-off passive income

You can check out the demo of the entire platform here.

1. Signals

The signals section is the only aspect of the platform that requires you to take the trades manually.

Fox will offer crypto arbitrage signals, Forex signals and digital options signals. They have an 85% win rate on their Forex and Digital Options signals.

For Forex, you’ll get the exact entry price, TP and SL prices.

For Digital Options, you’ll get the exact entry time as well as the expiry time (5 minutes, 10 minutes, etc.)

For crypto arbitrage, you get the exchange #1, exchange #2, difference percentage, fees, and the total profit. With crypto arbitrage, you also get an additional tool, called the “Arbitrage Monitor”.

This tool helps you find the best arbitrage opportunities without having to rely on the signals. It shows you a live representation of price difference percentage between all available exchanges.

It’s also a great tool when you want to do a round-trip (return the money from exchange #1 to exchange #2) without suffering great losses.

The cost: holding 1000 FOXT.

2. Auto-Trading

The auto-trading section allows you to use Fox Trading’s algorithms to trade for you on your own exchange and broker accounts.

You will be able to use the platform to do automated crypto arbitrage on your exchanges, trade digital options for you on Spectre (the first decentralized, regulated and broker-less financial platform in the world), or connect your MT4 account for FX trading.

2.1. Crypto Arbitrage Auto-Trading

All you have to do is set up your API keys for your exchange accounts, and put them into the system. The algorithm will only find the opportunities that you want (example, only arbitrage trades above 2.5% profit).

You can also set the trade size, so you don’t have to trade with your entire account.

Note: the algorithm, as of right now, doesn’t allow withdrawals. This is a decision that the Fox Trading team had to make — simply because of security. They don’t want to be able to withdraw your funds.

As a result, the crypto arbitrage auto-trading isn’t 100% automated: you still have to return the money from the second exchange to the first exchange, if you want the arbitrage loop to repeat. The simplest way to make the transfer is to look at the Arbitrage Monitor. It will show you how to get out of the second exchange with the least possible loss.

Price: Check the pricing here (the “Auto-Trading” section).

2.2. Digital Options Auto-Trading

Digital options auto trading will be available after Spectre.ai releases their public API.

You’ll be able to connect your account to Fox Trading’s algorithm, and it will trade digital options for you.

Their digital options algorithm has an 85% win rate, but you have to keep in mind that they’re using a 1-time re-entry system. That means that if you risk 1% on the first trade — and it ends up in a loss — the risk of the second trade will increase so that you cover the loss of your first trade, and still make some profit. Just keep that in mid.

This is their original product, and they have a proven record of 2 years. You can see the results and every trade on their old website.

September of 2017 was a bad month, but it was not the company’s fault. The binary options broker business is — as we all know — shady, and because the writing was on the wall for binary options (EU ESMA banning BO altogether), they started manipulating the entry times — resulting in a very bad month.

Overall, you can expect a 15–25% per month return, on average. It really depends on your risk settings, and whether you follow their instructions, or not.

Price: Unknown (FOXT)

2.3. Forex Auto-Trading

You will be able to connect your MT4 account to Fox Trading’s algorithm.

You can see the performance here:

https://www.myfxbook.com/en/members/foxbinarysignals/fox-trading-beta/2317579

The bot has been performing flawlessly for more than a year, up until January 11, 2019. There was a bug with the trailing stop in the algorithm, and — from what I understand — the stop didn’t trigger. Here’s the official report from Sergi, Fox Trading’s CEO:

https://medium.com/@foxtrading/forex-bot-beta-report-11th-january-6af2a5911eb3

They continue working on the Forex algorithm. Once it’s polished, it will be an amazing long-term investment to grow your capital.

Price: Unknown (FOXT).

3. Trading Pool

There is a problem when trying to do Arbitrage with your own APIs on your own exchange accounts: you need to have large amounts of money spread out across them.

In order to solve this issue, Fox Trading is releasing a trading pool that combines the money of all investors. As a result, your fees will be lower, and you’ll be able to put less money inside.

The pool will consist of crypto arbitrage and Forex trading — for start. They’re still working on tweaking the Forex algorithm, so Forex won’t be included at first.

The trading pool will be completely transparent, so you don’t have to be afraid whether the bot/algo really exists, or not.

You’ll have to hold some FOXT in order to cut down the fees they will take from your profits. Right now, the fees can go from 10% all the way to 2% — depending on how much FOXT you’re holding.

In order to use the pool, you’ll have to deposit ETH, at first. Later on, when the liquidity of FOXT goes up, you’ll have to deposit FOXT into the pool.

The payouts will ALWAYS be in ETH, however.

Where to Buy FOXT?

Right now you can buy FOXT on these 2 exchanges:

Conclusion

I wrote this document in order to make it easier for the newcomers to understand what Fox Trading is, how it works, what the costs are, etc.

I’ll be updating this page regularly — as soon as I find out more.