Broker Review

Unauthorised Firm Details

Name: Felixmarkets.com
Website: felixmarkets.com

What FelixMarkets.com Claims

From its website and promotional material:

• It presents itself as a global forex / financial trading platform offering many asset classes: foreign exchange (forex), metals, indices, shares, commodities, and cryptocurrencies.

• Claims to provide perks like low spreads (from ~0.01 pips), high leverage (up to 1:400), fast execution, 24/7 support, quick deposits and withdrawals.

• Says it uses MetaTrader (popular trading software) for its platform offerings.

• Presents itself as regulated by “MWALI” (a Comoros regulatory body) and says it is “licensed on two continents” for added legitimacy.

• Also asserts partnership or sponsorships (for instance with a football club: Levante UD) to bolster credibility.

  Red Flags

  1. Unverified regulation: The platform claims to be regulated, but there is no confirmation from respected regulatory bodies that it is.

  2. Regulator warnings: Official bodies have explicitly warned the public. FCA in the UK is one.

  3. User experiences: Multiple reports of users not being able to withdraw, being pressured to deposit more, non‑responsiveness or blocked accounts.

  4. Opaque company information: Hidden or inconsistent details about licensing, leadership, location, etc.

  5. Too good to be true promises: High leverage, abnormally low spreads, quick profits, etc. These are characteristic of high‑risk or scam brokers.ConclusionUsers and investors should avoid this platform.