Felix Markets Information
Felix Markets is a newly founded forex broker which is registered in Australia. The tradable instruments with a maximum leverage of 1:400 include forex, commodities, shares, cryptocurrencies, metals, and indices. The broker also provides three accounts: standard, pro, and ECN. The minimum spread is from 0.01 pips and the minimum deposit is $100. Felix Markets is still risky due to its offshore regulated status.
Pros and Cons
Is Felix Markets Legit?
Felix Markets is only authorized and offshore regulated by the Mwali International Services Authority(MISA) with license No.BFX2024068, even though it claims to be regulated by NFA and ASIC.
What Can I Trade on Felix Markets?
Felix Markets offers over 1,000 tradable instruments, including forex, commodities, shares, cryptocurrencies, metals, and indices.
Account Type
Felix Markets has three account types: standard, pro, and ECN. Traders who want low spreads can choose Pro and ECN accounts, while those with a small budget can open a standard account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
Felix Markets Fees
The spread is from 0.01 pips. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
Trading Platform
Felix Markets cooperates with the authoritative MT5 trading platform available on PC(Windows), Mac, and mobile(iOS and Android) to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.
Deposit and Withdrawal
The minimum deposit is $100. However, transfer processing times and associated fees are unknown.
Comoros
