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 However, these bonuses cannot be withdrawn from the account.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.

The minimum deposit and demo account terms are not listed on the website’s public pages (pricing, FAQ, homepage).

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?

FAQ

What are the key facts about FXFellow?

The project has a questionable legal status due to the lack of official scanned copies of licenses and an incorrect registration address in the Comoros. Furthermore, an “old” domain from 2019 is used to create the illusion of many years of experience, even though the trading platform itself launched much later.

What's the risk to my wallet when working with this broker?

First of all, we could not find the L15891/FXF license in the registers of Anjouan, which is itself a shady place. In general, signs of a fly-by-night offshore broker and the questionable background of its potential founders pose a huge risk of losing your entire deposit even before you start trading.

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