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Felix Markets Broker Review

5.64

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Risk Control

Risk Manage

License

MISA Offshore Regulated

  

Felix Markets 2025 Review: Everything You Need to Know

  Summary: Felix Markets has garnered mixed reviews from traders, with some praising its low spreads and extensive asset offerings, while others raise concerns about its regulatory status and customer service. Key features include a maximum leverage of 1:400 and a minimum deposit requirement of $100.

  Note: It's essential to consider the different regulatory entities across regions, as Felix Markets operates under offshore regulation, which may impact its credibility and safety.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  How We Rate Brokers: Our ratings are based on user feedback, expert opinions, and factual data gathered from various sources.

  

Broker Overview

  Founded in 2024, Felix Markets is a relatively new player in the forex trading arena, registered in Australia but regulated in Comoros under the Mwali International Services Authority (MISA). The broker offers a user-friendly trading platform, primarily utilizing MetaTrader 5 (MT5) for trading. Felix Markets provides access to a diverse range of trading instruments, including forex, commodities, shares, cryptocurrencies, metals, and indices.

  While the broker claims to be regulated by multiple authorities, including the National Futures Association (NFA) and the Australian Securities and Investments Commission (ASIC), its offshore regulatory status raises concerns about its trustworthiness and reliability.

  

Detailed Breakdown

  Regulated Geographic Areas:

  Felix Markets is registered in Australia but primarily regulated in Comoros. This offshore regulatory status could pose risks for traders, as it may not offer the same level of investor protection as onshore regulations.

  Deposit/Withdrawal Currencies:

  The broker supports multiple base currencies including AUD, CAD, CHF, EUR, GBP, NZD, and USD. However, details regarding cryptocurrency deposits and withdrawals are not explicitly mentioned in the available reviews.

  Minimum Deposit:

  The minimum deposit required to open an account with Felix Markets is $100, making it accessible for beginner traders. However, higher-tier accounts require significantly larger minimum deposits, such as $5,000 for ECN accounts and $10,000 for Pro accounts.

  Bonuses/Promotions:

  There is limited information on current bonuses or promotional offers, which may be a disadvantage for traders looking for incentives to start trading with Felix Markets.

  Tradeable Asset Categories:

  Felix Markets offers a wide array of trading options, including over 1,000 instruments spanning forex, commodities, shares, cryptocurrencies, metals, and indices. This diversity allows traders to create a well-rounded portfolio.

  Costs (Spreads, Fees, Commissions):

  The spreads offered by Felix Markets start from as low as 0.01 pips for certain accounts, which is competitive in the industry. However, the exact fee structure remains ambiguous, with some sources indicating a lack of clarity on trading costs.

  Leverage:

  The maximum leverage offered by Felix Markets is 1:400, which can amplify both profits and losses significantly. This high leverage level is attractive to experienced traders but poses a risk for novices who may not fully understand the implications.

  Allowed Trading Platforms:

  Felix Markets primarily utilizes the MT5 platform, which is available on PC (Windows), Mac, and mobile devices (iOS and Android). This platform is well-regarded for its advanced trading features and user-friendly interface.

  Restricted Regions:

  Felix Markets does not accept clients from several countries, including the United States, Canada, and North Korea, which may limit its global reach.

  Available Customer Service Languages:

  Customer support is available in English, and traders can reach out via email, phone, or live chat. However, reviews indicate that the quality of customer support may not meet expectations, with some users reporting slow response times.

  

Recap Rating Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  

Detailed Breakdown of Ratings

  Account Conditions (6/10):

  The minimum deposit is appealing, but the high requirements for Pro and ECN accounts may deter some traders. Additionally, the lack of clarity around fees could lead to unexpected costs for traders.

  Tools and Resources (7/10):

  The availability of MT5 is a significant advantage, providing traders with advanced tools and features. However, the lack of educational resources or insights into market analysis may limit the effectiveness for novice traders.

  Customer Service and Support (5/10):

  While Felix Markets offers multiple channels for support, user reviews highlight concerns regarding slow response times and the overall quality of service. This could be a critical factor for traders needing timely assistance.

  Trading Setup (6/10):

  The trading experience is generally positive due to the competitive spreads and range of instruments. However, the offshore regulatory status raises questions about the overall safety and security of trading with this broker.

  Trustworthiness (4/10):

  The offshore regulation and mixed reviews about customer service contribute to a lower trust rating. Traders are advised to exercise caution and conduct thorough research before committing funds.

  User Experience (5/10):

  Overall, the user experience is average, with a functional trading platform but a lack of transparency regarding fees and regulatory concerns that could affect trader confidence.

  In conclusion, while Felix Markets presents some attractive features such as low spreads and a wide range of tradable assets, potential traders should carefully weigh the risks associated with its offshore regulation and customer service concerns. As always, thorough research and due diligence are recommended before engaging with any broker, particularly one with mixed reviews like Felix Markets.