FXFellow introduces itself as a global online Contract for Difference (CFD) broker operated by FXFELLOW LTD, offering diversified trading services in forex, metals, indices, futures, and stock CFDs.
While the brand emphasizes accessibility and convenience through MetaTrader 4 (MT4) and professional support, closer examination reveals serious inconsistencies regarding its registration, regulation, and operational legitimacy.
1. Company Background and Domain Information
1.1 Corporate Origins and Online Footprint
According to Whois records, the official domain fxfellow.com was registered on February 18, 2019, and most recently updated on January 7, 2025.
While the domain has existed for several years, archival data from Wayback Machine shows that it was active only intermittently between 2021 and 2023, with no notable updates after early 2023.
This irregular online history suggests that the company’s operational activity has been inconsistent, raising questions about its long-term stability and actual market presence.
2. Registration and Regulatory Status
2.1 Claimed Registration in Anjouan Without Verification
The FXFellow website states that the company is registered in Anjouan Island, part of the Union of Comoros, under registration number 15891.
However, verification through the Anjouan Offshore Finance Authority (AOFA) database found no corresponding company record, suggesting that FXFellow’s claimed regulatory credentials are not verifiable.
2.2 Lack of Regulatory Oversight
Operating without a verified financial license means FXFellow functions outside of international regulatory frameworks, leaving investors exposed to unmonitored trading operations and limited recourse in case of disputes.
This lack of transparency and third-party oversight significantly undermines the credibility of its “regulated” claims.
3. Trading Products and Market Coverage
3.1 Broad Offerings but Limited Verification
FXFellow promotes access to multiple asset classes including:
- Foreign exchange (major and minor currency pairs)
- Precious metals
- Indices and stock CFDs
- Futures
Although this product diversity appears competitive, there is no proof of market connectivity or verified liquidity providers.
In the CFD industry, such omissions often signal that trade execution may occur within a closed internal system, where prices and spreads are controlled by the broker rather than real markets.
4. Trading Platform
4.1 MT4 Support Claims Without Server Verification
FXFellow advertises MetaTrader 4 (MT4) as its core platform, available for Windows, macOS, and mobile devices.
However, a search in the official MetaTrader server directory reveals no listing for FXFellow, meaning the platform may not host a genuine MT4 server.
4.2 Potential Use of White-Label or Simulated Platforms
Without confirmation from MetaQuotes (MT4’s developer), traders cannot verify if they are accessing legitimate MT4 servers.
This creates the risk that FXFellow might be operating a white-label or imitation trading environment, where market data and order execution could be manipulated.
5. Account Structure and Trading Conditions
5.1 Live Floating Account Overview
The company advertises a single Live Floating Account, featuring:
- Average spread: 1.7 pips on EUR/USD, 0.38 USD on gold
- Minimum deposit: $500
- Leverage: Up to 1:500
- Base currencies: USD, GBP, EUR
- Minimum lot size: 0.01
FXFellow claims no additional trading commissions and provides clients with personal account managers.
However, given its unverified regulatory status, such benefits remain unsupported by third-party validation, and therefore their reliability is uncertain.
6. Broker Policy and IB Program
6.1 Introducing Broker Model
FXFellow promotes an Introducing Broker (IB) partnership program, where agents earn rebates from referred clients’ trading activities.
Agents can also build sub-IB networks, earning monthly commissions from their downline’s performance.
6.2 Risks of Agent-Based Expansion
While referral programs are common among legitimate brokers, unregulated platforms often use IB models to expand aggressively without oversight, incentivizing recruitment rather than genuine trading.
Such structures can blur the line between marketing and compliance, posing risks to investors who join through referral incentives.
7. Contact Information
7.1 Multiple Emails but Unclear Headquarters
The company lists several email addresses for different departments:
- Support: [email protected]
- Trading: [email protected]
- Partnerships: [email protected]
- Phone: +44 (0) 2077 607677
However, there is no verifiable physical office address, except for a vague registration mention —
Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros.
This lack of geographic transparency makes it difficult for clients to verify FXFellow’s actual operating base.
8. Social Media Activity
8.1 Low Engagement and Minimal Updates
FXFellow maintains social accounts on Instagram (@fxfellow_official) and Facebook, but both exhibit minimal interaction and low activity.
- Instagram: 20 posts, no visible comments or engagement.
- Facebook: 419 “fans” but zero followers.
The company’s social presence appears to be more promotional than communicative, focusing on generic graphics rather than meaningful interaction with clients.
9. Educational Tools
9.1 Economic Calendar — The Only Learning Resource
The only educational tool available on the site is an economic calendar showing global economic events.
There are no tutorials, trading guides, or research resources.
For a broker claiming global outreach, such limited investor support reflects a lack of educational commitment and content development.
10. Website Traffic and Market Visibility
10.1 Negligible User Activity
Data from Semrush shows that fxfellow.com receives virtually zero monthly visits, implying no organic audience or active user base.
For a broker that has existed since 2019, this absence of online traffic indicates minimal real trading activity or customer engagement.
FXFellow FAQ
1. Is FXFellow a regulated broker?
No. FXFellow claims to be registered in Anjouan, but there is no verified record of regulation or licensing.
2. When was FXFellow founded?
Its domain, fxfellow.com, was registered on February 18, 2019, but real activity appears limited.
3. What trading products does FXFellow offer?
FXFellow provides forex, metals, indices, futures, and stock CFDs, though transparency about trading conditions is low.
4. What platform does FXFellow use?
The broker claims to use MetaTrader 4 (MT4), but it is not listed on the official MT4 server database.
5. What is the minimum deposit?
The minimum deposit is $500, with leverage up to 1:500.
6. How can I contact FXFellow?
You can email [email protected] or call +44 (0) 2077 607677, but no physical office address is confirmed.
7. Does FXFellow have social media?
Yes, on Instagram and Facebook, but both accounts show very low activity.
8. What are the main risks of using FXFellow?
FXFellow operates without verified regulation, has low transparency, and almost no online traffic, making it a high-risk broker.
