Warning: Is FXFellow a Scam?

Is FXFellow (fxfellow.com) a Scam?

We analyzed FXFellow (fxfellow.com) and found disturbing details.

We found that it is located at Bermuda, and the support email is support@fxfellow.com.

FXFellow presents itself as a financial firm, but it is currently unlicensed by any top-tier commission.

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Is FXFellow Legit?

FXFellow runs without supervision.

Investing with unlicensed firms is very dangerous. Legitimate firms are must be registered with bodies like the FINRA or FCA for your protection.

FXFellow lacks this protection. This means there is no protection if they withhold your funds. Many investment fraud involve unlicensed actors, and getting back funds from them is challenging without expert assistance.

For example, in Europe, unauthorized firms are not covered by the Financial Ombudsman. In America, they are not part of regulatory bodies, meaning your capital is completely exposed.

Warning Signs of FXFellow

Investment fraud is evolving. Scammers use psychological tricks to take wealth. Here are typical tactics seen in sites similar to FXFellow (fxfellow.com).

Dating App Scams

"Pig Butchering" is a common method where scammers groom victims over weeks. They build a relationship on social media. Eventually, they mention a special crypto opportunity. It is a lie to lure you onto a scam site like FXFellow.

The "Bonus" Trap

Fraudsters build websites that mimic real trading apps. You see graphs and profits that go up. But it is a simulation. The scammer manipulates the numbers to make you feel rich to deposit more. When you try to withdraw, the "profits" are gone.

Other Warning Signs

• Unsolicited Contact: You get calls from "brokers" you don't know.
• No License: The firm lacks legal registration.
• High Returns: They promise 1% daily returns with no risk.
• Withdrawal Issues: You cannot get your money out. They ask for "tax fees" first.
• Pressure Tactics: "Account managers" pressure you to deposit more.

Ignore positive ratings. Scammers often post their own 5-star comments to appear real.

Verdict

FXFellow is not trusted. It appears to be a scam. Protect your money and find a licensed broker. Avoid fxfellow.com at all costs.