Felix Markets Review – Pseudo Broker With No Premium License

Thread carefully with this one, as it’s the first piece of advice we’d give to any Forex beginner. Our Felix Markets review has the task of investigating a series of statements this brokerage makes without any valid proof.

Where are the licenses the firm claims to own, and why did FCA react the way it did towards this company? Keep reading to find out.

Broker status:	Regulated offshore broker
Regulated by:	MISA
Operating Status:	Active online trading firm
Known Websites:	felixmarkets.com
Blacklisted as a Scam by:	FCA
Owner:	FELIX MARKETS PTY LTD
Headquarters Country:	Mwali / Australia / UK
Foundation Year:	2024
Online Trading Platforms:	MT5
Mobile Trading:	Yes
Minimum Deposit:	$100
Deposit Bonus:	No
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, ETH, LTC…
Available Trading Instruments:	Forex, Crypto, Commodities, Equities, Indices
Maximum Leverage:	1:400
Islamic Account:	No
Free Demo Account:	Available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	It may seem like this firm can be trusted, but don’t rush with depositing, as they’ve recently received an FCA warning!

Only Partially Legit

The Felix Markets broker is not an entity you’d refer to as transparent and fully legitimate. The only proof of the company ever existing is their offshore registration with MISA, Mwali (Comoros Islands). This regulator doesn’t impose any licensing standards, so you won’t enjoy safe trading and security of funds.

In addition, the website claims to be operated by FELIX MARKETS PTY LTD, allegedly licensed in Australia. However, the Australian ASIC has no record of such an entity ever entering their database. Neither does NFA, which they also claim to be regulated by.

As if that doesn’t sound suspicious enough, the firm also lists a UK address. It’s not only that the business is not licensed there, but it is also blacklisted for fraud by the FCA.

Not Entirely Honest

In order to attract as many potential investors as possible, the broker advertises their trading environment as if it was god-given. In relation to that, you will see claims about the lowest spreads on the market, the highest leverage ratios, and the richest offer of assets. The credibility of these claims remains questionable, but they can certainly be found on the firm’s Instagram, YouTube, and X, which were also blacklisted by FCA.

Such suspicious firms usually tend to reach out to traders and promote their offer as if it was the most lucrative deal ever. Unfortunately, as soon as victims deposit real cash, issues start.

Who Invests Here

The website we’re reviewing was registered in 2024, which means this is a relatively new broker on the market. That also explains why there are currently no Felix Markets reviews online.

When it comes to areas of activity, it is evident that the firm doesn’t have a particular preference. Instead, the company gathers investors from all over the world despite not being licensed properly. The majority of their users come from these countries:

• Australia
• Spain
• Canada
• United Kingdom

We’d advise caution if you plan on investing here. Should you need support with a chargeback, feel free to contact us.

Tried and Tested Trading Software

The broker provides the industry standard MT5 trading platform for their retailers. This software is always used as a paragon in any comparison.

Felix Markets MT5 server is stable, with latency measured in milliseconds and less than 0.1% packet loss. The only thing lacking here is support for additional trading apps, something the competition, like IFC Markets, does have on offer.

Decent Selection of Assets

The company offers over the selection of Felix Markets trading instruments covering the most popular groups:

• Forex – EUR/USD, GBP/CHF, USD/JPY
• Crypto to FIAT pairs – BTC/USD, ETH/USD, LTC/USD
• Commodities – Natural Gas, Gold, Sugar
• Equities – NVDA, PM, MCD
• Indices – S&P 500, IBEX, Nikkei

The selection of assets is quite diverse, including over 200 symbols and on par with the majority of competitors. Other offshore firms, like EnviFX, for instance, lag behind in this regard.

Range of Accounts

Whether you’re just starting your trading journey or you’re an already experienced trader, this platform claims to have a solution for you. There are several packages available and each is supposed to offer a slightly different range of tools and optimized features. The truthfulness of that, however, remains to be seen, as this portal is a blacklisted entity.

Here are each package’s minimum deposit requirements:

• Standard – $100
• ECN – $5,000
• PRO – $10,000

Demo is Available

Making a decision immediately is often a bad practice. That’s why it is wise to first test the trading environment via Demo, if possible. This platform allows opening a trial account with a virtual margin of up to $1,000,000.

However, bear in mind this is not a legitimate financial services provider so you can’t exactly trust their offer.

Transparency is Lacking

Legal documentation on the site is too short and uninformative so it’s impossible to learn anything more detailed about the costs that apply. Every broker charges some fees, so it’s definitely not true when they say that everything is free.

Trading parameters such as leverage and spreads may vary depending on the account type. The starting spread is around 1.9 pips, while the lowest can start from 0.5 pips. The leverage ratio goes up to 1:400, which is definitely higher than the regulatory limits of 1:30 demanded in the EU, UK, and other countries this broker serves.

Affiliate Program

Referral programs are usually offered by companies which operate in the form of Ponzi schemes, which is why this is yet another feature banned by the strict regulators. On this platform, you get awarded with a small percentage of bonus for every new user you refer. This only works in theory, but in practice, users always face difficulties when requesting a payout.

Funding Isn’t Well Explained

The Terms of Use document does not openly state which financial channels the company supports. While a page on the website mentions bank transfers and crypto transfers as being available, we could not test this.

The reason? All Felix Markets withdrawal and deposit options are hidden prior to the trading account verification. It’s not uncommon for offshore companies to show one thing on their website and then provide a completely different one to clients.

In the best case scenario this is false advertising, in the worst you send money off to some scammer who doesn’t give it back. If you believe you’ve been defrauded by an online con artist, feel free to book a consultation with our experts.

Caution Required!

Although this Forex dealer claims to be fully licensed and properly registered, there’s a ton of doubt surrounding the entire affair. So, is Felix Markets legit? While being registered as an offshore conduct, the firm still lacks the licenses they claim to own. In that sense, the company is not honest and should especially not be trusted because of the FCA warning.

Therefore, if you have trouble withdrawing your hard-earned money from this trading terminal, we recommend you contact us immediately. Our chargeback team is at your service, so book a free consultation with our chat agents.