The company positions itself as a global intermediary. However, upon examining the legal aspects, it becomes clear that the firm is registered in an offshore jurisdiction in the Comoros (Anjouan Island) and claims to hold only a local license, which provides no real legal guarantees to investors from the U.S. or European countries. How transparent is the firm’s operation, and do the advertised benefits match the actual conditions? In this FXFellow review, we’ll examine the broker’s features, compare its promises with the facts, and highlight key points worth noting.
How to Trade
FXFellow provides access to over 200 instruments, including Forex and futures. Trading is conducted via MT4 and WebTrader. The company offers the following terms:
- Three pricing plans.
- Spreads starting at 0 pips.
- Flexible leverage up to 1:1000.
New traders can receive deposit bonuses to increase their trading volume. However, these bonuses cannot be withdrawn from the account. Additionally, the company imposes strict restrictions on withdrawing profits until a substantial trading volume is reached.
Additional services are provided in the form of an Economic Calendar. Additionally, links to the company’s Facebook and Instagram profiles are available on fxfellow.com.
FXFellow Vital Info
The company’s age is not specified on its website. Although the domain was registered in 2019, the platform did not become active until much later. According to archive data, the first screenshots of the site date back to 2021, and full-scale operations began around 2025.
The company claims to hold a license from the Union of the Comoros under number L15891/FXF. However, it does not provide scans of the license, direct links to the regulator’s registry, or any other public confirmation. Furthermore, the stated registration address cannot be verified through public government registries. Is everything in order with a company that hides its actual owners, publishes questionable legal addresses in remote island nations, and is not regulated by any major global regulator?

Beware of scammers! The company didn’t refund my money after I requested a withdrawal; on top of that, they blocked my ability to call them. The broker doesn’t respond to my emails, and in fact, the company doesn’t exist at the listed address, since these are either virtual office addresses or they simply aren’t located at the specified address
This is yet another offshore “black hole.” FXFellow’s cashier operates solely to accept deposits. It’s all so sad and depressing. Yes, they claim here that you can test everything with a small amount. That’s actually true. After funding your account, they’ll force a bonus on you that you can’t refuse. THE WAGERING REQUIREMENTS ARE SUCH THAT EVEN WITH THE BEST OF INTENTIONS, A TRADER WILL BE UNABLE TO MEET THEM - SIMPLY DUE TO THE LAWS OF PROBABILITY. After all, CFDs involve random fluctuations between two possible outcomes. But that’s not all. Even if you manage to meet the bonus wagering requirements, they won’t let you withdraw money from your account. They’ll claim that you need to verify your account by providing photos of your documents. Then they’ll say it’s impossible to verify the authenticity of those documents, and so on. In the end, nobody gets anything here.
I won’t say anything bad about this broker at all, since it’s an honest and excellent platform with a modern trading terminal. They offer a huge number of bonuses and provide high leverage of 1:1000. FXFellow offers exceptionally liquid assets for trading and helps with investment portfolios. As for the trading platform, I’d say the easiest way to access it is from a mobile device, and you can download the apps from official sources. Above all, this guarantees high reliability, good functionality, and efficiency - without freezes or slippage - as well as access to your account from anywhere in the world via the mobile app, which is very convenient.
Hi everyone. I have $2,773 in my account with this company.... Recently, when I tried to trade, I got a message saying “account blocked,” and this message pops up every time I try to log in! ... THEIR WEBSITE IS DOWN, AND THEY’RE NOT RESPONDING TO MY EMAILS. PLEASE, CAN ANYONE HERE HELP ME GET MY MONEY BACK???
The company helped me get started and start making money on the stock market. I’d been thinking about starting to trade on the stock market and make investments for a long time, but I didn’t have the necessary knowledge or a general understanding of how it actually works. I stumbled upon an FXFellow ad by chance and was intrigued by the low entry barrier. So I started learning under the guidance of a manager and trading, which ultimately led to me making serious money. THAT’S WHY I’M SATISFIED - I CAN RECOMMEND THIS BROKERAGE SERVICE TO OTHERS, BECAUSE BY LEARNING HERE, YOU’LL GAIN VALUABLE EXPERIENCE, AS WELL AS KNOWLEDGE THAT WILL HELP YOU TRADE PROFITABLY IN THE FUTURE. Everyone is bound to see results - there’s no doubt about it - because I, too, started my journey as a trader from scratch.
It’s important to understand that this company is trustworthy. I invested my money here, and they helped me build a solid investment portfolio; I’m really pleased with how much my assets have grown. I’d also like to note their professionalism - they selected stocks from fast-growing companies, which ultimately brought me a good return. I successfully withdrew my profits, after which I decided to write this review of FXFellow so that everyone would understand what kind of company they can do business with. In fact, they operate at a high level; they select assets professionally, and their managers provide training that helps you make money from trading in the future.
This platform is a complete disaster. Here’s my experience: they lured me in with a trick and then siphoned off huge sums of money. It’s really upsetting when there’s an intermediary whose only job is to scam people. Basically, it turned out that it’s impossible to withdraw the money you’ve invested from here, and the “investments” themselves are just virtual trading. The company pretends to be a legitimate business, but in reality, it just takes the money and embezzles it. As a result, I left about $1,700 on fxfellow.com, since I initially thought I was actually investing in assets. On top of that, the account manager constantly tried to convince me to make new investments, saying that results were just around the corner.
I wouldn’t recommend trading here to anyone. I opened a trading account here, and the results, of course, didn’t really impress me. At first, they advised me to open an account with the minimum deposit; everything went so quickly and easily, and the money just poured in like water from a cornucopia. Naturally, I then opened a €2K account. They even gave me a 200% bonus right away, and on top of that, I could download the MT4 trading app directly from fxfellow.com. It might seem like there was no scam involved, but you couldn’t call it real trading. The trading took place without any connection to a real exchange; FXFellow was simply ripping me off and lining their own pockets. I deposited funds into my account several times, but it was all in vain until I learned the truth about this company and stopped doing business with them.
When I first started trading with them, they were the best. Now they’re the worst. Night scalpers can’t place orders because of the huge spreads, or orders are filled with significant slippage. During periods of high volatility, trades are executed with a 10–15-second delay and terrible slippage. And, as far as I know, they have problems with withdrawals.
They tricked me out of $234. After a week of trading — I guess I got lucky — I closed my trades with a profit of $214. My initial balance was $20. I tried to withdraw that money. It turned out that I had been credited with a bonus, the requirements for which, by the way, I had met. But according to the terms of this bonus, my account balance — including the bonus after meeting the requirements — cannot exceed three times the amount of the initial deposit. As a result, the maximum amount I’m allowed to have in my account is $60, no more, which is why they wouldn’t let me withdraw the money. When I asked an FXFellow representative what to do, they told me I could use the excess funds for trading. In other words, I literally have to lose it all — otherwise, I won’t be able to withdraw anything.
Stay away from this!!! I was trading in the black… but when it came time to close the trade, the take-profit order wouldn’t trigger, no matter how I set it up on the chart or price bar. The take-profit order was completely ignored. When you try to close a trade at the market price, they close it at the price you specified - or EVEN WORSE!!! Even though I was trading in the black. In the end, I withdrew my money and lost 25%
I’ve come to the conclusion that you can’t do business with this broker… I’m tired of dealing with these scammers. They’ve swindled a lot of money out of me through trading; I can’t even calculate exactly how much I’ve already invested. Let me put it this way: it’s definitely not a small amount, but FXFellow has been stringing me along for a long time. The personal mentor they assigned to help me skillfully won my trust and masterfully tricked me into investing my money in assets. And then, every single time, I suffered losses, and it just wouldn’t stop. It wasn’t until I started digging into the truth about this company that I uncovered the scam… And that didn’t make me happy at all; on the contrary, I was furious that I’d been trading with them for so long.
Beware of this broker, I used to trust them. I had an account with fxfellow.com. However, during news events, they would sometimes lock down their platform, and once I had two pending orders (one to buy, the other to sell) when the news broke. And when the news came out, my stop-loss was changed, which prevented me from making a profit!
This is, without a doubt, the worst company of all. If you trade manually and monitor your trades, everything is fine, but if you leave trades open and log out of the system, that’s when the problems start: they interfere with many of your trades, changing or deleting your SL and TP levels. They really want you to lose money. Stay away from FXFellow if you want to make money!
This is a scam company. I earned $2118, but I still haven’t received a single cent from this company. Do not trust this company…
I’ve been requesting a withdrawal for a month now; all the conditions have been met. However, they refuse to give me my money. They aren’t responding to any of my messages :( This site is not trustworthy!!!!!!!!!
At first, the customer support was excellent. Now, however, it’s just terrible. I waited 16 days for a response 😧 On top of that, they have server issues. I’ve experienced significant delays on fxfellow.com ...
Everyone needs to understand that this company was created by scammers with the goal of stealing money. This project is part of a group of similar sites designed to deceive people. In the website’s footer, they state that they coordinate all activities through FXFELLOW LTD, not through any affiliated organization. However, according to analyses by major monitoring organizations (such as Forex Peace Army), the launch of FXFellow on this domain is closely linked to “subsidiary” entities of the infamous and scandal-ridden company Notesco Limited (IronFX). Creating new websites on old, “clean” domains allows such operators to evade the negative track record of complaints accumulated by their past projects. Moreover, all their websites are very similar, and ultimately, users face the same outcome: their money is fraudulently stolen. Many people have already fallen victim to this scheme. Although the platform looks professionally designed, it’s hard to tell at first glance that you’re dealing with scammers. However, they lack legitimate documentation; all their websites are brand new, and they constantly shut down some platforms while launching new ones. With this post, I simply wanted to warn people about the hidden dangers of dealing with scammers — that’s all.
I traded with this company, but when I tried to withdraw my money, problems began. THEY SAY I’LL HAVE TO PAY $2,482 IN TAXES AND FEES, SO IN THE END THEY TOOK ALMOST $2,500. I still have $7,340 in my account, but they keep demanding more money to process the withdrawal.