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Does FXFellow get any license now?
Myroulla Yu
Italy
2026-06-17
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
2022-12-06
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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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.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.