FXFellow presents itself as a “trusted global broker”, but trust ends where it becomes clear that there are no licenses, the registration is offshore, and the terms are built on aggressive bonuses and inflated leverage. Traders are already familiar with this profile from dozens of scam platforms. In our review, we will break everything down step by step, verify the facts, and prove that this is a company that should not be trusted with your deposit.
The company built the website to be as simple and minimalist as possible: a black background, white font, and several stock images from the internet. There is no unique content — this is a typical template that can be purchased on any marketplace for next to nothing. For a broker that calls itself a “trusted global broker”, this approach looks unserious.
The key information that actually matters to traders is simply not on the website. The company’s operating history is not specified, there are no licenses from reputable regulators, and the loud claims that FXFellow is a “true STP broker” remain empty words. Where is the proof? Where is the list of liquidity providers? Where are the documents? None of this is there.
The site’s language policy stands out on its own. The interface is available in four languages: English, German, French, and Spanish. It would seem logical if the company wants to cover Europe. However, a warning appears right on the homepage: the platform is not intended for residents of the European Union. A reasonable question arises — why are European languages needed at all then? This looks like a simple “front” to inspire trust among clients from different countries, while legally the company has no right to serve them.
The text on the site is full of bombastic, pseudo-motivational slogans. Examples:
Such phrases are designed to impress beginners who are easily swayed by pretty words. However, an experienced trader immediately sees the truth: this is yet another broker with no transparency, where marketing and attempts to lure clients with money are valued above real facts.
FXFellow lists several email addresses and a phone number with a British code +44, even though the company is registered offshore in Comoros. There is no online chat, which is a major drawback: reputable brokers like XM or Exness provide round-the-clock live chat to resolve issues instantly, while here, a trader is left waiting for an email reply.
The broker’s social media presence exists only formally. On Instagram, there are just a few posts, 5 followers, and zero activity. Facebook is the same: empty pages with flashy pictures but no real engagement.
FXFellow offers flexible leverage up to 1:500, a minimum deposit of $500, and no trading commissions. At first glance, this looks appealing, but compared to legitimate regulated companies, the reality becomes clear.
A $500 minimum deposit is quite high. Top brokers such as IC Markets or Pepperstone allow clients to open an account with $100 or even $10, while providing access to licensed platforms under real regulatory oversight. FXFellow, on the other hand, hides its offices in an offshore jurisdiction in the Comoros and demands many times more without offering anything in return.
The company promises order execution without requotes and STP. These two things are incompatible. If a broker truly routes client orders to liquidity providers, requotes will occur. If the firm claims there are no requotes while also providing STP execution, it is lying. Experienced traders will notice this immediately, but beginners will not.
Bonuses of up to 100% are another sign of a risky company. The site openly advertises the “Power Boost Sharing Bonus” and the “Starter Top-Up Credit Bonus”. In reality, such bonuses often turn into traps: traders cannot withdraw profits until they meet impossible turnover requirements. These conditions are buried in the fine print, leaving funds stuck in the account. For legitimate brokers, such schemes have long been banned by regulators.
The cherry on top is the promise of “zero commissions” and “instant execution”. It sounds nice, but without independent oversight, these are empty words. Any unlicensed broker can write whatever it wants on its website, but in practice, trading goes through an internal dealing desk where quotes and execution depend solely on the company.
The first thing that stands out is the complete absence of licenses on the website. Reputable regulators such as the CySEC, ASIC, or the FCA have no record of this company. This means the broker is operating illegally.
For any legitimate broker, regulation is prominently displayed because it is their main competitive advantage and client guarantee. When there are no licenses, client funds are not protected in any way. In case of a dispute, the trader is left alone against an offshore company, with no right to file a complaint or recover funds through a regulator.
Of all the details, FXFellow only provides a legal address in Anjouan (Comoros). However, registration in an offshore jurisdiction is not a guarantee — it is the opposite, a red flag. Thousands of companies are registered in Anjouan “within 5 minutes”, with no oversight of their activities. In reality, this address serves only as a formality to create the illusion of legitimacy.
The company’s operating history is also a dark area. The domain fxfellow.com was registered in 2021, but until 2025, there were no mentions of it, nor any archived snapshots in WebArchive. This means actual operations only started in 2025. A company without history or the test of time is always a risk: no experience, no proven reputation, and therefore, trusting them with money is dangerous.
Another negative point confirming the short lifespan of FXFellow is the fact that there are fewer than ten reviews online. For a company that supposedly operates “worldwide”, this is nonsense. Even little-known firms gather dozens of reviews, both positive and negative, within just a few months. Here, there is silence, which indicates either an extremely small number of clients or that the project has only existed for a very short time. For a trader, this is another warning sign: no transparency, no proof of real operations, and therefore, this company cannot be trusted.
FXFellow is just another offshore broker with no licenses, no experience, and no positive reputation. All their promises about STP, zero commissions, and instant execution without requotes are unsupported by facts. What traders face is a dangerous platform with inflated leverage and bonus traps. Trusting such a company with your money means accepting the risk of a guaranteed loss in advance.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
I made a few withdrawals in a row to check how it would work in process: -no delays -no suspicious “wait for bla bla bla” -no asking me to submit additional documents All was good without issues.
Trading here is a very bad idea. You risk all your money, and the chances of successfully withdrawing funds are minimal. I do not recommend this fraudulent platform — you will definitely lose your deposit. They have no reliability guarantees; this is nothing more than a fake broker.
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