Felix Market

Felix Markets Information

Felix Market was established in Montenegro within the past year. While the platform offers up to six tradable products, support for MT5, and the competitive advantage of more than 20 payment methods, this may worry some traders due to a lack of regulation and experience.

Pros and Cons

Is Felix Markets Legit?

Felix Markets, with an unregulated status, was first registered on April 6, 2024 and updated on May 9, 2024. It is not regulated by any prominent authorities like the Financial Conduct Authority in the UK.

What Can I Trade on Felix Markets?

Felix Markets offers different types of trading products, including forex, commodities, metals, shares, indices, and digital assets.

Account Type

Felix Market offers three types of live trading accounts: Standard accounts, ECN accounts and Professional accounts, but does not offer demo or Islamic accounts. Leverage options of up to 1:400 are available on all account types, giving traders the ability to expand positions and potential returns.

Standardaccounts attract first-time investors with spreads as low as 1.9 points, leverage as high as 1:400, and only $100 as a starting point.

In contrast, ECN accounts are designed for advanced traders looking for more efficient trade execution speeds and spreads as low as 1.2 points, and its high entry threshold - minimum deposit of $1,000.

Professional accounts are commission-free, have a $10,000 minimum deposit requirement, and a tight 0.5 point spread. They are intended for seasoned traders.

Felix Markets Fees

Felix Markets Spreads

The Standard Account offers spreads starting from 1.9 pips, the ECN Account from 1.2 pips, and the Pro Account from 0.5 pips. A key advantage is the progressively lower spreads, providing a cost benefit for higher-frequency trading. However, the relatively higher spread in the Standard Account may impact the profitability of novice traders.

Trading Platform

Felix Markets offers the MT5 trading platform, which is suitable for both mobile and desktop devices (including Windows and macOS). It is more suitable for experienced traders. However, there are no access of MT4 platform and the Tradingweb platform.

Deposit and Withdrawal

Felix Market uses a tiered deposit structure, which allows users to select the type of account that matches their investment experience and goals.

Standard account: $100

ECN account: $1,000

Pro account: $10,000

Customer Service

Felix Markets provides 24/7 customer service. Support options include phone, email, live chat, callback requests, and WhatsApp.

The Bottom Line

Because of its lack of regulation and short operating history, Felix Markets is not the greatest option for many traders. But with its various deposit choices, strong MT5 platform, and competitive trading conditions, up to 1:400 leverage is ideal for experienced traders who value larger leverage and cutting-edge technology.

FAQs

Is Felix Markets safe?

No, Felix Markets is not regulated and does not hold any licenses.

Is Felix Markets good for beginners?

Yes, Felix Marketsd is good for beginners because its minimum deposit of just $100 and leverage up to 1:400.

Is Felix Markets good for day trading?

Yes, Felix Markets is a fantastic option for those looking for quick execution and inexpensive transactions because it provides access to the MT5 platform and offers attractive spreads.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved.