FELIX MARKETS

Felix Markets is a retail forex and CFD broker established on May 29, 2024. The company is registered in Australia, though its physical address is in the Comoros Union, specifically in Fomboni on the island of Mwali (Mohéli). This structure is typical of many offshore brokers that target international clients.

The broker operates under a regulatory license from the Mwali International Services Authority (MISA), a Comoros-based regulator. MISA is considered an offshore regulatory body with less stringent requirements compared to top-tier regulators like ASIC or FCA. As a result, Felix Markets offers high leverage up to 1:400 and relatively low minimum deposits, appealing to traders seeking high-risk opportunities.

The sole regulatory oversight for Felix Markets comes from the Mwali International Services Authority (MISA), which issues a Forex Trading License (EP) with a 'Regulated' status. This license is based in Comoros, an offshore financial center known for providing regulatory services to forex brokers.

It is important to note that MISA is not a major regulatory authority and does not offer the same level of investor protection as regulators in jurisdictions like the UK, Cyprus, or Australia. As such, traders should exercise caution and understand the risks associated with trading with an offshore-regulated broker. The company's registration in Australia does not imply ASIC regulation.

Felix Markets offers three live trading account types: Standard, PRO, and ECN. The Standard account requires a minimum deposit of $100, making it accessible to retail traders with limited capital. The PRO account demands a higher entry of $10,000, targeting more experienced or higher-volume traders. The ECN account requires $5,000 and is designed for traders seeking direct market access and tighter spreads.

All accounts share a maximum leverage of 1:400, which is aggressive and increases both potential profits and losses. The broker claims a minimum spread from 0.01 pips, likely applicable to the ECN account. There is no information on commissions or additional fees from the available data.

The broker provides access to a variety of asset classes: forex, indices, cryptocurrencies, and metals. According to its website, it also covers commodities and shares, though the specific number of instruments within each category is not disclosed.

This multi-asset offering allows traders to diversify their portfolios within a single account. However, the lack of detail on instrument availability and trading hours may require prospective clients to contact support for more precise information.

As a newly established broker, Felix Markets has not publicly detailed its deposit and withdrawal methods. Based on common industry practices, offshore brokers typically accept bank transfers, credit/debit cards, and various e-wallets, but this is speculative.

Traders should verify the available payment options directly with the broker before committing funds. The absence of clear information on withdrawal processing times and fees is a concern and adds to the overall risk profile.

Felix Markets maintains a presence on Facebook, Instagram, and YouTube, indicating a focus on social media engagement. However, details about customer support channels (such as live chat, email, or phone) are not readily available from the provided data.

The broker's official domain is felixmarkets.com. Traders are advised to verify the authenticity of the website and ensure they are dealing with the legitimate entity. The lack of independent user reviews further complicates assessment of the broker's reliability and service quality.