Verdict up front: The Forex Peace Army lists FXFellow on its published scam list. Separately, the site says enough on its own pages: the only licence it names is an Anjouan one, it advertises 1:1000 leverage and a bonus that cannot be withdrawn, and its client portal now serves a maintenance notice instead of an account.
Verified evidence (checked 8 September 2026)
- The Forex Peace Army lists it as a scam. FXFellow.com appears on the FPA’s published scam listing, and its review page gives the FPA’s reason: “Fxfellow is just another branch of the scam broker IronFx”. That corporate link is the FPA’s claim, not ours — we did not verify it.
- The only licence it claims is from Anjouan. Its own pages state it is “a trade name of FXFELLOW LTD, a company incorporated in Anjouan”, at Hamchako, Mutsamudu, Union of Comoros, and “licensed by the Union of Comoros Offshore Finance Authority with license number: L15891/FXF”. No FCA, ASIC or CySEC authorisation is claimed anywhere on the site.
- It excludes the markets that would regulate it. The site publishes its own notices that it is “not directed at EU residents” and “not directed at UK residents”. A UK or EU client therefore has no FSCS or ICF cover and no ombudsman.
- The terms do not match a regulated product. Advertised leverage runs to 1:1000 — the FCA caps retail forex at 1:30 — beside “Exclusive Trading Bonuses” whose own footnote reads “Bonus cannot be withdrawn”.
- The client portal is offline. The site’s own maintenance page states login and registration are unavailable, with no restoration date. Domain: fxfellow.com was created 18 February 2019 (registrar EuroDNS S.A.) — not a new domain, and we do not suggest it is. Sources: Forex Peace Army scam listing and review page; the platform’s own website, read 8 September 2026; Verisign registry record.
| Related Investigation No securities regulator we checked names this domain. The scam designation is the Forex Peace Army’s; the licensing facts are the site’s own. |
Investors, Take Note A licence is only worth the register behind it. Ask where you would look the number up, and then look it up. |
Read This Before You Invest If a platform says it is not directed at UK or EU residents, it is telling you which protections do not apply to you. |
What is FXFellow?
A retail forex and CFD brand at fxfellow.com, trading as FXFELLOW LTD — a company its own pages say is incorporated in Anjouan, Union of Comoros. It markets “STP” execution, segregated accounts and leverage to 1:1000. The domain dates from February 2019.
The licence is the whole question
FXFellow does name an authority and a number — and that answer is the finding, not a gap. An Anjouan offshore licence is not authorisation to serve clients in the UK, EU, Australia or Canada, and carries no compensation scheme. The site knows it: hence its own notices that it is not directed at UK or EU residents.
Then read the product beside the licence. Leverage to 1:1000 is roughly thirty times what a UK retail client can be offered, and a bonus that cannot be withdrawn is money that exists only to keep your balance where it is. Neither comes from a firm answerable to a major regulator — which is why the licence comes from somewhere else.
What we could not verify
We could not confirm licence L15891/FXF against the issuing authority’s own register: the register returned nothing for us, and several different websites present themselves as that authority. We are not treating that as proof the licence is fake, and we will not say it is. Nor did we verify the FPA’s IronFX connection — that stays theirs. No FCA, ASIC or Canadian Securities Administrators entry naming this domain could be located by us.
Check it for yourself
Nothing above depends on trusting us. Search the name on Google, ask ChatGPT, and run the register checks named in the evidence box. A regulator warning takes about a minute to confirm on the regulator’s own website, and that minute is the cheapest due diligence available to any investor.
For this platform specifically: read the licence sentence on its About page, then try to look up L15891/FXF on the issuing authority’s register. Then search the FCA Financial Services Register for FXFELLOW LTD — you should find nothing, as we did.
If you have already deposited
Act on paper, not on hope. Save every screenshot, chat log, email, payment reference and wallet address before the platform can close your account — once access goes, so does your evidence. Report the loss to your national financial regulator and to your police force’s fraud unit. Tell your bank or card issuer immediately; where funds moved by card or transfer within recent weeks, a recall or chargeback is sometimes still possible. If you paid in cryptocurrency, the transaction cannot be reversed, but the receiving address is permanent evidence and exchanges can sometimes freeze onward movement.
Then brace for the second approach. Victims of investment fraud are frequently contacted again by people offering to recover the money for an upfront fee, sometimes posing as lawyers, regulators or the platform’s own compliance department. That is a second fraud aimed at the same victim. No legitimate recovery service, and no regulator anywhere, asks for a payment before returning your funds.
The bottom line
An industry watchdog lists this brand as a scam, and the platform’s own pages show an Anjouan licence, 1:1000 leverage, a non-withdrawable bonus and a client portal that will not open. We have separated what we verified from what others assert, and said where our checks stopped. Verify a licence with the authority that issued it before you fund an account, and keep records if you already have.
Reviewed by Jenny Loral, Licensed Fraud Investigation Agent, Investor Protection Unit — Pinkerton. Corrections: support@reclaimdc.com.
