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FXFellow

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Operating status: SCAM

Website: https://www.fxfellow.com/en

Broker violations and abnormal records
  • 2022-12-04 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

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.

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