The company Foinixsoft promises to provide clients with unique opportunities for successful and comfortable trading. According to the broker, traders are guaranteed constant support, stable operation and security, competitive commissions, and exclusive tools for analysis and trading.
The web resource foinixsoft.com is translated into several languages, including Russian. The appearance of the welcome page in the Russian localization is captured in this screenshot.
The Foni Sot project claims to have been operating since 2017 and officially registered in Switzerland, but the corresponding registration documentation is absent. On the other hand, the company's activities are under the control of financial regulators ASIC, FCA, DFSA, and CySEC, which operate in the jurisdictions of Australia, the UK, the UAE, and Cyprus, respectively.
The main way to contact the representatives of "Foinixsoft" is via email, with an alternative being the feedback form. There is no phone number or social media links.
The official "Foinixsoft" website mentions three types of accounts, one of which the client must choose after registering on the project. It makes sense to consider the accounts in more detail:
To be able to open a personal PAMM account or trade without swaps, you need to open a Standard or Master account. In addition, only when opening these accounts does the possibility of trading cryptocurrencies appear, while trading ETFs and indices is available only for the Master account. Similarly, only this account provides the opportunity to insure the deposit and use the services of a personal manager.
It is worth noting that "Foni Sot" does not disclose a number of trading conditions, including the minimum lot, spread size, margin call, and stop-out. Moreover, this intermediary does not offer clients the opening of a demo account.
The financial intermediary Foni Sot claims the possibility of trading the following assets: currencies, precious metals, stocks, indices, commodities, cryptocurrencies. However, according to the account descriptions, the specific set of available assets is influenced by the trader's account type.
For access to the above-mentioned assets, the broker's own online platform is used, available at the link foni-sot.pro. It is a web terminal compatible with all devices. The declared advantages include support for 6 types of orders, instant execution, modern analytical and risk management tools, as well as reliability and security.
The "Withdrawal and Refund Policy" document states that "Foinixsoft" clients can use bank cards and electronic wallets for deposits and withdrawals. Information on transaction fees can only be found by logging into the Foinixsoft personal account and initiating a deposit or withdrawal. The stated withdrawal time is 48 hours.
Despite the presence of licenses from reputable regulators, no broker rankings place Foni Sot at the top. The main reasons for this are likely the lack of registration documentation, minimal contact options, high minimum deposit, and lack of a demo account, as well as the concealment of some cooperation conditions. Considering the broker's shortcomings, it is worth studying reviews about Foinixsoft before starting work.
I agree with Dima, it's a real mess. I know for sure that they use different schemes not only to prevent withdrawals of deposits, but also to extract more money. For example, they might require a withdrawal to the beneficiary's card, but on the condition that an additional deposit must be made from it. Of course, if you make the deposit, they still won't let you withdraw anything.
ATTENTION!! Foinixsoft is a CLONED FAKE!! I am 100% telling you that I have personally seen at least 5 such brokers whose websites are 95% identical, especially the structure and these 3 types of accounts and description of conditions; I won't confuse this with anything else! And all the reviews about these clones are only negative because they are mass SCAMS!!
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