The digital broker FXFellow presents itself as an STP trading provider focused on forex and CFD markets. According to information published on its website fxfellow.com, the company operates under the legal entity FXFELLOW LTD and is registered in Anjouan, Union of Comoros. The brokerage claims to offer direct order routing to liquidity providers, segregated client funds, MetaTrader 4 access, and leverage reaching 1:1000.
The project discloses the following details:
Company: FXFELLOW LTD
Registered address: Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros
License number: L15891/FXF
Regulatory authority claimed: Union of Comoros Offshore Finance Authority
Support email available
Telephone: +44 (0) 2077 607677
Official website: fxfellow.com
Client area: my.fxfellow.com
A key observation is that the FX Fellow broker does not publish a copy of its incorporation certificate or regulatory authorization documents on its website fxfellow.com. While the company references license number L15891/FXF, independent verification remains necessary before depositing funds.
Another important point is that the FXFellow broker is not listed by BrokerChooser. This may indicate:
a project with limited international recognition,
a company that has not met inclusion criteria used by major brokerage comparison platforms,
or a platform that has not yet undergone extensive third-party safety assessment.
Creating an FXFellow personal account allows users to access the broker's trading environment, funding tools, and verification system.
The registration process is relatively standard and grants access to:
Client portal
Account verification tools
Deposit section
Withdrawal management
Trading platform downloads
The FX Fellow personal account also serves as the location where traders can submit withdrawal requests and manage account settings.
Support channels disclosed by the brokerage include:
Email support
Client portal assistance
Telephone support: +44 (0) 2077 607677
Unlike many regulated trading providers, the onboarding process does not prominently display extensive regulatory disclosures before account creation.
The FXFellow broker provides access to several market categories.
Available instruments include:
Forex
Metals
Indices
Futures
Shares
Platform options include:
FXFellow WebTrader
MetaTrader 4 for Windows and Mac
MT4 Android / iOS
The FX Fellow broker advertises flexible leverage of up to 1:1000, which is significantly higher than leverage limits permitted by many Tier-1 regulators. High leverage can increase both profit potential and trading risk.
| Feature | Available Information |
|---|---|
| Execution Model | STP (claimed) |
| Trading Platforms | MT4 and WebTrader |
| Maximum Leverage | Up to 1:1000 |
| Markets | Forex, Metals, Indices, Futures, Shares |
| Demo Account | Not clearly specified |
The FXFellow broker publishes three primary account categories.
| Account Type | FX Major Spread | Gold Spread | Currency Options | Swap-Free |
|---|---|---|---|---|
| Basic | 16 | 30 | USD, EUR, GBP | Available upon request |
| Premium Upgrade | 14 | 25 | USD, EUR, GBP | Yes |
| VIP Upgrade | 11 | 25 | USD, EUR, GBP | Yes |
Although the CFD intermediary publishes spread information, there is limited detail regarding:
Minimum deposit requirements
Commission structure
Margin call levels
Stop-out levels
Negative balance protection
This reduces overall transparency compared with brokers regulated by FCA, ASIC, or CySEC.
The FX Fellow broker states that deposits may require up to 24 hours for processing, while bank wire transfers can take up to three business days depending on banking institutions.
According to the project's published information:
Deposits can be processed through various payment methods
Initial deposits may be returned through the original payment channel
Trading profits are reportedly withdrawn via bank wire transfer
Withdrawal requests are submitted through the client portal
When evaluating withdrawing money from FXFellow, traders should note that publicly available information remains relatively limited. Exact withdrawal fees, processing schedules, minimum withdrawal thresholds, and verification requirements are not comprehensively disclosed on the website fxfellow.com.
| Payment Area | Published Information |
|---|---|
| Deposit Processing | Up to 24 hours |
| Bank Wire Deposits | Up to 3 business days |
| Profit Withdrawals | Bank wire transfer |
| Withdrawal Fees | Not clearly disclosed |
The FX Fellow broker operates through a domain first registered on February 18, 2019.
Domain creation date: February 18, 2019
Last update: February 3, 2026
IP location: San Mateo, California, United States
Infrastructure provider: Incapsula
Registrant protection: Whois Privacy (enumDNS dba)
The brokerage claims regulation through the Union of Comoros Offshore Finance Authority under license number L15891/FXF. However, Anjouan licensing frameworks are generally considered offshore regulatory regimes and are not regarded as Tier-1 supervision comparable to FCA, ASIC, or CySEC oversight.
Available FXFellow reviews remain relatively limited compared with larger global brokers.
A Trustpilot profile exists, although the number of comments remains small, making it difficult to draw statistically meaningful conclusions. Trustpilot currently shows only a handful of public reviews.
Additional feedback platforms contain mostly positive comments regarding:
Platform stability
Order execution
MT4 availability
Trading conditions
At the same time, independent review sites highlight concerns regarding the brokerage's offshore regulatory structure and the absence of Tier-1 supervision. Some external analyst platforms classify the FX Fellow broker as higher risk because of its offshore licensing framework.
As with any offshore intermediary, traders should independently verify legal status and funding procedures before depositing significant capital.
| Criteria | Assessment |
|---|---|
| Regulation | Offshore Comoros license |
| Corporate Transparency | Moderate |
| Trading Information | Partially disclosed |
| Independent Reviews | Limited volume |
| Investor Protection | Lower than Tier-1 regulated brokers |
| Overall Risk | Medium-High |
The FXFellow broker offers a broader level of transparency than many newly launched offshore trading websites. The company discloses a legal entity, a registration address, a claimed license number, platform information, and trading products. However, significant questions remain regarding the strength of its regulatory framework.
Key observations:
Offshore registration in Anjouan, Comoros.
Claimed license number L15891/FXF.
No published license certificate on the website.
High leverage up to 1:1000.
MT4 and WebTrader platforms available.
Limited number of independent customer reviews.
Not included in BrokerChooser's broker database.
Lower regulatory protection than FCA, ASIC, or CySEC supervised brokers.
Project Characterization: Medium-High Risk
Suitable for: experienced traders familiar with offshore brokerages, high-leverage trading, and elevated risk environments.
Not suitable for: beginners, conservative investors, traders seeking strong investor compensation schemes, or clients who require Tier-1 regulatory oversight and extensive legal transparency.
The overwhelming majority of brokers are scammers. Traders can identify illegitimate ones by using free online resources. It is essential to verify the company's registration, the licensing of its services, and its operational history. It is also important to assess the completeness and authenticity of contact information and the transparency of trading conditions.
You can consult specialists who can help evaluate the broker and identify signs of fraud, and if necessary, assist in opening an account with a reliable service provider. A knowledgeable and comprehensive approach will help avoid negative trading experiences.
First and foremost, pay attention to the content of the comments. Excessively emotional opinions without specifics may indicate paid content. Additionally, a broker's positive reputation may be indicated by mass activity on a single online portal or forum. Another sign of fake reviews is their formulaic nature. Such comments are filled with general phrases and advertising slogans. Fraudulent projects use paid content to confuse traders and lure them into cooperation.
It is important not to fall for the tricks of company representatives. This can lead to additional financial losses. With legitimate brokers, withdrawing funds is a free service that is not subject to any fees such as insurance, taxes, commissions, etc.
If you need assistance in withdrawing capital, it is advisable to consult specialists. Timely consultation with experts can help achieve positive results and withdraw funds from the brokerage account.
In the case of scam brokers, account blocking may be related to a simple refusal to withdraw funds. Clients are accused of violating agreements, money laundering, technical work on the platform, etc. Such manipulations are aimed at depriving traders of the ability to withdraw capital.
When a brokerage account or personal account is blocked, it is better to use the services of professionals . Depending on the reason for the blockage, experts can find the optimal solution to the problem.
The reasons for the inactivity of a brokerage company's presentation portal can vary widely. Blocking due to numerous complaints, cessation of project activities, inclusion in the blacklist of trading platforms — all of this can lead to access issues to the broker's site. Additionally, unstable internet connection and browser restrictions can cause improper functioning of the resource.
If the official broker's website does not open, seek help from experts. They will advise on any questions and provide recommendations for further actions.
First and foremost, it is important to ensure that there are no assets in the account and no debts to the broker. If there are instruments in the investment portfolio, they should be sold, and you should wait for the settlements to be completed. After that, you can submit a request for the withdrawal of funds and the closure of the brokerage account.
If the broker refuses to fulfill requests, it is better to consult experts. They can assist in closing the brokerage account and recovering funds through chargebacks . When preparing to dispute transactions, it is necessary to gather all available evidence of cooperation with the project. This will help increase the chances of successfully initiating refunds.
