Sergi FernandezICO team member replied on 16 May 2018
About Fox Trading
Fox Trading generates profitable signals from our top traders based on our revolutionary algorithm to guarantee the safe trading - our goal is to get stable and long-term profit!
An option for each investor:
The great appeal of this project is the ability to capture all types of investors offering different possibilities to generate revenues.
Signals Service: Lifetime access to exclusive and high quality trading signals with +85% of accuracy to trade it yourself on any broker or exchange.
Autotrading 100% hands-free: Online platform compatible with main Cryptocurrency exchanges and Forex brokers to connect Fox signals with user accounts without moving their funds.
Profits from Trading Pool: Exclusive for ICO investors! Recurrent profits simply holding tokens without adding extra funds. Already +29% gain with on the Forex BETA account.
Ratings
Hung Chih (Jason Hung)
Serial Entrepreneur | Investor Meetup | ICO advisor | China Market | Exchange
Rated on Apr 3, 2018
Rated on Apr 3, 2018
5
4
5
13%
Paul Mears
ICO investor, cryto trader
Rated on May 15, 2018
Rated on May 15, 2018
4
3
3
11%
I think they are late for this product and dont see any niche or edge on many others that are already in place. I am not sure there is a new entrant into signals or copy trading any more
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David Drake
Managing Partner
Rated on Apr 8, 2018
Rated on Apr 8, 2018
5
4
5
6%
This rating's weight is reduced by 50% as there is no review added.
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Mar 23, 2018
Rated on Mar 23, 2018
5
5
5
5%
This rating's weight is reduced by 50% as there is no review added.
Andrey Zolin
ICO Advisor | CTO | Smart contract RD
Rated on Apr 5, 2018
Rated on Apr 5, 2018
4
4
5
5%
This rating's weight is reduced by 50% as there is no review added.
Irina Nikitina
Lawyer
Rated on Mar 23, 2018
Modified on Aug 17, 2018
Rated on Mar 23, 2018
Modified on Aug 17, 2018
4
4
3
9%
Interesting ico
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
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Bogdan Fiedur
ICO and Blockchain Advisor. Full Stack and Ethereum/Solidity smart contract developer.
Rated on Mar 23, 2018
Rated on Mar 23, 2018
5
3
4
4%
This rating's weight is reduced by 50% as there is no review added.
Eugene Podkovyroff
Investor, Decentralized Economics Researcher, Crypto Visionary, FinTech Pro, Startup Mentor and Advisor
Rated on Mar 26, 2018
Rated on Mar 26, 2018
2
2
2
8%
"As an ICO investor, you can decide to earn money selling the tokens, as the benefit
of being an exclusive service and the results of the algorithm trading should see a rise in price" - that is the most sense Fox Trading White Paper makes.
Lost most of my review due to logging out. Yet, this is a brief:
1. Team has no verifiable FX or algotrading development experience.
2. Team ran a binary options aggregation service. You can call it signals, but everyone in finance knows, what it really is and where the money comes from. Binary options is a known deceit for gambling, so make no mistake - this team has experience in gambling and marketing, but not in any real finance.
3. Jaume Pina here is presented as the one and only "Forex and Stocks Trading Expert", but there is no FX or stocks trading related data at his LInkedIn page, where he is a "Sales Sector Manager
at WAM Spain".
4. Very bad tokenomics. It is really only designed to raise as much as possible, and it will cause the token rapid devaluation, unless the team will deliver some miraculous trading strategy to cover all preICO bonuses and costs, which the latest investors (public ICO) will actually pay for.
5. White Paper doesn't worth reading, it actually contains almost no technical information or verifiable claims, but mostly copy-pastes and marketing BS. Word "blockchain" is only used 6 times, and none of that uses has any meaning.
+4Agree
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Sergi FernandezICO team member replied on 26 Mar 2018
Thanks for your feedback Eugene, all reviews always help us to improve our project.
Let me clarify these points:
1. As we said, our trading experience is based on our previous service. I'm Automatic Engineer experienced in Embedded Software. I was trading for a year and finally decide to combine both disciplines to develop the core of the Fox Signals algorithm. With our previous service, Fox Binary Signals, we achieved +350% profit in less than 2 years. You can take a look at our website (https://foxbinarysignals.com).
I haven't worked in any company related to the financial sector before, I just developed my own algorithm with my knowledge on programming. We are a young team that wants to fight to carry out this project. Simply we have supplied the lack of "experience" with the analysis and improving of the algorithm during the last 3 years.
2. I'm sorry, but you're wrong with that. We were always fighting against binary brokers and their unfair practices because, as you say, they earn money when we and our users lose. Even so, we achieved great and stable profits for our users, based on the signals generated by the algorithm and executed by our traders. At no time we encourage users to trade BO or get benefit from these transactions. The user simply pays monthly if they are happy with the service. Finally, after some regulations and constant unfair practices of some brokers, we decide to move away from this industry to finally launch our project based on Forex and Cryptocurrency.
3. Trading is not their full-time work (like me or other traders when started). He is collaborating with me in the improvement of the algorithm and is in charge of the team that reviews and executes the orders. That is precisely why we are looking for financing to be able to carry out the project and focus full-time on that.
4. The token is designed to be used in the platform for unlocking extra features, guides for beginners, paid for indicators, autotrading service, etc. ICO investors will have lifetime access to the platform simply holding part of the tokens purchased.. so it is not correct that we expect a quick devaluation, on the contrary, the price of the tokens will be related to the success of our product and for now we're on the good way (real performance on a real Forex account: https://www.myfxbook.com/members/foxbinarysignals/fox-trading-signals-beta-algorithm/2317579)
5. We regret not having enough previous experience in writing Whitepaper... we only wanted to show in an easy and entertaining way the content of our project. If anyone need more information, we'll be glad to explain all details.
Let me clarify these points:
1. As we said, our trading experience is based on our previous service. I'm Automatic Engineer experienced in Embedded Software. I was trading for a year and finally decide to combine both disciplines to develop the core of the Fox Signals algorithm. With our previous service, Fox Binary Signals, we achieved +350% profit in less than 2 years. You can take a look at our website (https://foxbinarysignals.com).
I haven't worked in any company related to the financial sector before, I just developed my own algorithm with my knowledge on programming. We are a young team that wants to fight to carry out this project. Simply we have supplied the lack of "experience" with the analysis and improving of the algorithm during the last 3 years.
2. I'm sorry, but you're wrong with that. We were always fighting against binary brokers and their unfair practices because, as you say, they earn money when we and our users lose. Even so, we achieved great and stable profits for our users, based on the signals generated by the algorithm and executed by our traders. At no time we encourage users to trade BO or get benefit from these transactions. The user simply pays monthly if they are happy with the service. Finally, after some regulations and constant unfair practices of some brokers, we decide to move away from this industry to finally launch our project based on Forex and Cryptocurrency.
3. Trading is not their full-time work (like me or other traders when started). He is collaborating with me in the improvement of the algorithm and is in charge of the team that reviews and executes the orders. That is precisely why we are looking for financing to be able to carry out the project and focus full-time on that.
4. The token is designed to be used in the platform for unlocking extra features, guides for beginners, paid for indicators, autotrading service, etc. ICO investors will have lifetime access to the platform simply holding part of the tokens purchased.. so it is not correct that we expect a quick devaluation, on the contrary, the price of the tokens will be related to the success of our product and for now we're on the good way (real performance on a real Forex account: https://www.myfxbook.com/members/foxbinarysignals/fox-trading-signals-beta-algorithm/2317579)
5. We regret not having enough previous experience in writing Whitepaper... we only wanted to show in an easy and entertaining way the content of our project. If anyone need more information, we'll be glad to explain all details.
Vlad Skakun
Cryptocurrency Enthusiast | Senior Analyst at Venture Fund
Rated on Mar 26, 2018
Rated on Mar 26, 2018
5
4
4
4%
This rating's weight is reduced by 50% as there is no review added.
Daniel Stewart
ICO Analyst & Growth Hacker
Rated on May 16, 2018
Rated on May 16, 2018
3
4
4
7%
The team is ok. I think they need to hire a few more with specific and relevant background (and I mean several years experience). However, many appear to have skills that are most likely easily transferable to this field.
It is not clear how much actual finance experience the team actually have.
Jaume Pina here is presented as the one and only "Forex and Stocks Trading Expert", - this has not been demonstrated with any evidence.
The whitepaper is very light on details. Please update this.
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Press Releases
Financial
Token info
Token
FOXT
Platform
Ethereum
Type
ERC20
PreICO price
1 ETH = 2,400 FOXT
Price in ICO
0.4900 USD
Bonus
| Pre-sale | 50% |
| Bonus Rally | 40% to 4 % discount |
Tokens for sale
7,000,000
Investment info
Min. investment
0.1 ETH
Accepting
ETH, BTC
Distributed in ICO
70%
Soft cap
500000 USD
Hard cap
4,500,000 USD
Raised
$300,000
Milestones
1
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.
2
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.
3
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.
4
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.
5
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.
6
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.
7
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.
8
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.
9
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
10
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.