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FXFellow

Operating status: Unregulated
Website: https://www.fxfellow.com/en
High-Risk Active
Broker violations and abnormal records
  • Dec 04, 2022 BrokersView has Reviewed that FXFellow is an Unregulated Broker

    FXFellow claims to be a trading name of Notesco Limited, a company registered in Bermuda with registration number 51491. However, as per relevant law, The Bermuda Monetary Authority (BMA) regulates Bermuda's financial services sector, which supervises, regulates, and inspects financial institutions operating in the jurisdiction. But we did not find any match results to FXFellow or Notesco Limited in BMA. The truth is, FXFellow is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.



    FXFellow claims to be a trading name of Notesco Limited, a company registered in Bermuda with registration number 51491. However, as per relevant law, The Bermuda Monetary Authority (BMA) regulates Bermuda's financial services sector, which supervises, regulates, and inspects financial institutions operating in the jurisdiction. But we did not find any match results to FXFellow or Notesco Limited in BMA. The truth is, FXFellow is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

Does FXFellow get any license now?

Myroulla Yu
Italy
Jun 17, 2026
ANSWER Dear Investor, FXFellow currently claims to be a trade name of FXFELLOW LTD, licensed by the Anjouan Offshore Finance Authority (AOFA). Upon checking, we did find a company named FX FELLOW LTD in the AOFA system. However, based on the publicly available information from AOFA, the operating website is not registered. Therefore, we cannot fully confirm whether the platform you are inquiring about is indeed the brand of this company. It is also worth noting that AOFA is an offshore regulatory body known for its weak oversight and lack of international recognition. The jurisdiction offers limited investor protection, and its regulatory framework is generally considered unreliable by global financial standards. Given that the authenticity of the license cannot be fully verified under these circumstances, we believe this platform still carries a high potential risk of being a scam. Therefore, we advise investors to avoid investing with this suspicious broker until its license can be fully verified.
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Is FXFellow a broker using MT5?

maksimgordeevfx
Macedonia
Dec 06, 2022
ANSWER FXFellow is not a licensed or regulated broker even though it states offers that look good to be true.FXFellow claims to be a trading name of Notesco Limited, a company registered in Bermuda with registration number 51491. As per relevant law, The Bermuda Monetary Authority (BMA) regulates Bermuda's financial services sector, which supervises, regulates, and inspects financial institutions operating in the jurisdiction. But we did not find any match results to FXFellow or Notesco Limited in BMA.The truth is, FXFellow is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FXFellow and trade with licensed brokers.
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18 comments

Oakley T
Time to trade gold and oil for me, i m shifting my profolio. I have a base account here, 2 spreads in general, not bad.
Oct 19, 2026
Reply
Hugo Boudet
...sure, it's trading and it has lots of risks per sebeen uing the broker for the last 5 months - safe withdrawals so far
Oct 16, 2026
Reply
3JLMLQ5VKD
didnt even need email i find withdrawal information about in FAQ.
Sep 30, 2026
Reply
alfiemm
basic account has little bit expensive spreads, 1.6 and 30 on gold. but this is not average, it can be for 2pips. for premium already better spreads, upgrade is inportant
Sep 30, 2026
Reply
Harrison Cole
Interesting account system here with the broker: -u start from basic, but you can upgrade to premium and VIP. -Of course with higher tier accounts you have better spreads. -overall even on basic leverage is quite decent, that is one of the pluses of the broker;
Aug 26, 2026
Reply
Alexandre V
just because there s no regulation it dont mena its high risk automatically 🤔 trading is risky overall, but in my experience the broker is fine.
Aug 21, 2026
Reply
N. Shaw
Even on basic account I've seen lower than 1.7 pips on average, I've seen close to 1 pip for eur/usd - this is a good surprise for those trading ;)
Aug 09, 2026
1
Reply
Arnaud Renou
i sent a request about my docs verifications and support feedback showed me:1.they value tradres2.they handle formalities not like formalities but each case individually, i didn't feel i was talking to chatgpti also noted they don't differentiate between new and old clients. I can tell that because of my friend who registered lasst year and he said i got the support feedback as he usually gets
Jul 25, 2026
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M Gribelin
It’s an ok broker… Yeah, it’s not perfect, they have their own cons, but generally they are very average 🤷‍♂️ Btw, payments work for me. I withdrew through visa three times, not bad
Jul 05, 2026
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Jerry Turner
Trading with fxfellow for four months, and here are some of my thoughts:-Trading conditions are well balanced. Spreads are around 1.4 pips for fx majors with the premium upgrade and it’s to get it swap free.- not enough platforms to choose from, would like them to add some variety- the withdrawal process is pretty quick. Used the credit card method and didn’t face any issues.
May 30, 2026
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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