About FILSX
Company Overview
FILSX (trading as Filsx) is a retail forex and CFD broker established in November 2024 and registered in the United Kingdom. The firm operates under the legal name FILSX and its official website is filsx.com, with a registered address at Suite 10616, 182-184 High St N, East Ham, London E6 2JA, United Kingdom.
As of the time of research, FILSX does not hold any disclosed regulatory licence from a recognised financial authority. While its website makes general claims of being 'regulated,' no specific regulator name or licence number has been provided. This lack of verifiable regulation is a significant factor for potential traders to consider.
Regulatory Status
Our records indicate that FILSX has no regulators on file. The FCA (Financial Conduct Authority) does not list this entity as an authorised firm, and the broker's address in East Ham, London, does not correspond to any known FCA-regulated brokerage. Without oversight from a credible regulator, clients have limited recourse in case of disputes.
The broker's website does mention 'regulated' on its homepage and product pages, but these claims remain unsubstantiated. Traders should exercise caution and conduct independent verification before depositing funds.
Trading Accounts
FILSX offers four account types: Classic, Gold, Platinum, and Raw. The Classic account has a minimum deposit of $12 and leverage up to 1:1000. The Gold account requires $50, also with 1:1000 leverage. The Platinum account starts at $1,000 with the same leverage, while the Raw account demands a $25,000 minimum deposit and offers leverage up to 1:1200.
Spreads vary by account tier: Classic from 2.0 pips, Gold from 1.2 pips, and Platinum and Raw from 0.0 pips (with commission on Raw). Margin call levels are 80% for Classic, Gold, and Platinum, and 100% for Raw; stop-out levels range from 20% to 50%. The Raw account charges a fixed commission of $3 per side per lot.
Instruments Offered
According to the broker's website, FILSX provides access to over 2,250 tradable instruments. These include forex pairs, spot metals (e.g., gold, silver), spot commodities, CFD indices, US and EU shares, and cryptocurrencies. The broker emphasises 'raw spread trading' with no requotes.
Pricing is offered with variable decimals: 5 decimals for most forex pairs (3 for JPY pairs) and 2 decimals for XAUUSD, 3 for XAGUSD. The platform supports micro lot trading (0.01 lots) and allows both long and short positions.
Platform and Tools
The trading platform used by FILSX is not explicitly named on the website, but the broker claims 'lightning-fast execution' and 'deep liquidity.' A demo account is available, and the broker offers a mobile app tailored for traders in Pakistan and other regions.
Additional services include PAMM accounts, where investors can allocate funds to professional money managers. The broker also runs an introducing broker (IB) program with rebates of up to $20 per lot and CPA up to $500.
Target Audience
FILSX markets itself to retail traders globally, with a specific emphasis on the Pakistani market. The website's slogan 'Best Trading App in Pakistan' and the availability of localised support suggest a focus on clients from that region. The broker also targets high-volume traders, scalpers, and algorithmic traders with its Raw account and competitive spreads.
Given the high leverage options (up to 1:1200) and low minimum deposits ($12), FILSX appears designed to attract both novice traders and experienced speculators. However, the lack of regulation makes it unsuitable for risk-averse traders.
Overview compiled by FXCanary from regulatory records and public data. full FILSX review