Felixo Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • TradingView

Felixo Review 2024

Updated:
Updated: October 06, 2023

3.3

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $1

Trading platform:

  • TradingView
Trading features:
  • Of the fiat, there is only the Turkish lira, commissions can be reduced using FLX platform token, there are no investment programs, high-quality training materials, high transaction speed

Summary of Felixo Crypto Exchange

Felixo is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.3 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Felixo clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. Felixo ranks 102 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

The Felixo crypto exchange offers equally favorable conditions for beginners and experienced traders. The trading terminal in the TradingView browser has all the standard functions. Commissions are below average, and there are several ways to further reduce them. You can deposit and withdraw funds in different ways, including Visa/MC cards, and various electronic systems. The referral program is standard, and the Bug Bounty bonus system is in play here. Among the advantages of the platform, experts point out large trading volumes, high speed of operation, and the absence of technical vulnerabilities. As a relative disadvantage, one can single out the absence of other fiat funds besides TYR. The exchange is not suitable for investors, since there are no passive earning options (only the referral program).

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
Your capital is at risk.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Felixo is a Turkish cryptocurrency exchange with an integrated fast exchange service and OTC trading. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, other cryptocurrencies and tokens are traded on this platform. Fiat is represented only by the Turkish lira (TRY). The exchange has low commission fees – 0.15%/0.25% at the start for maker/taker, respectively. Fees can be reduced by increasing trading volumes and using the FLX tokenized coin to pay fees. The platform is characterized by a high level of security, and there are several options for verifying your account, including Google Authenticator. Some of the clients’ funds are stored using the cold method. There are no restrictions on trading strategies, and there is an API. The exchange offers a one-level referral program, and there are no investment programs.

💰 Account currency: Cryptocurrencies, TRY
🚀 Minimum deposit: ₿0.00000001 
⚖️ Leverage: 1:1
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, TRY
💹 Margin Call / Stop Out: No

👍 Advantages of trading with Felixo:

  • the most popular cryptocurrencies and coins are present;
  • trade commissions are below the segment average;
  • easy to learn and functional trading terminal;
  • the exchange has its proprietary application for mobile trading;
  • high-speed transactions;
  • the asset pool is constantly expanding through listing;
  • the optimal level of security and data protection;
  • many options for deposit/withdrawal of funds;
  • there is over-the-counter trading on individual terms;
  • structured training system.

👎 Disadvantages of Felixo:

  • fiat is represented only by the Turkish lira;
  • there are no investment solutions.

Evaluation of the most influential parameters of Felixo

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

1.97

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

3.50

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

3.28

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

3.44

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.80

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

4.02

/10

Geographic Distribution of Felixo Traders

Popularity in

52.1%
TR
Turkey
45.9%
Others
Others

User Satisfaction i

19 comments
Total score:
5.8 /10

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UrukKt
1 year ago

This is a dishonest office that deceives traders. They just got bold! I have never heard so many lies. Trade of poor quality, not real. Horror!

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Jarollbes
1 year ago

Felixo is not going to withdraw money. The broker owes me $1,000. Since I requested funds for withdrawal, there have been problems. I am accused of trading dishonestly and fraudulently making money from them. It's incredible!

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coolming87
2 years ago

There are very few sites where you can find information and reviews about the Felixo exchange. It's a pity, I think that this exchange deserves more attention. Those who got free tokens turned out to be very lucky. I want to note that even many large crypto platforms did not charge tokens for registration. And Felixo also had an incentive program for being active in social networks, a good affiliate program, and some other chips. Currently, there is information that the Felixo exchange is going to increase the number of altcoins in its listing, as well as increase the number of crypto pairs. So this exchange still has a long way to go.

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theuri
2 years ago

There is not much information about the Felixo exchange. When I tried to find reviews, I only saw messages about users who had previously participated in the Airdrop. I no longer fell under the free distribution of tokens, so I had to work with what I had. But I haven’t seen any negative reviews about trading, so I decided to try cryptocurrency trading. I know the platform, and it is not suitable for technical analysis, but it is quite functional for trading. There are only two types of orders: classic market and limit. Slips do occur. Especially there are periods when there are not so many traders on the exchange, the order has to be opened at a completely different price. But there is a good plus which is you can trade with small volume orders, and there are no problems with this. I think that the Felixo exchange is an ordinary exchange, but here you can get your share of the income from the cryptocurrency market.

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snakedanger13
2 years ago

A year ago, I decided to buy LTC crypto through the Felixo exchange. For those clients who do not have internal coins available, the commission is 0.2%. That commission is quite acceptable. After that, I decided to buy the internal FLX token and start trading on the Felixo exchange for the time being. After obtaining the status of a Level 2 account, almost all restrictions were removed. And the withdrawal limit of ₿50 suits me just fine. What attracts me to the Felixo exchange? As I already said, the commission is quite acceptable, and when you also reduce it, it is generally profitable. Liquidity is high, and orders do not freeze. You can use margin trading if you have an FLX token. It is high-risk, but also high-return. I withdraw cryptos without any problems.

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bexinh32482789
2 years ago

A very peculiar platform for the exchange and purchase of cryptocurrencies is the Felixo crypto exchange. Felixo has been on the market for more than three years. But during this time, little has changed in conditions and opportunities. When FLX tokens were distributed, there was a hope that in the future there would be a serious development of the ICO and the addition of new coins to the listing. I received free tokens upon registration, then reposted messages about the company, and participated in contests. In total, I purchased almost 500,000 tokens. I brought some of them out, some I left to work on the Felixo platform. These tokens were expected to be traded on an exchange as well as provide lower fees. But as a trading instrument, the FLX token is almost impossible to use. The commission can be reduced, but the trades are very weak. For two or three pairs, liquidity is off the charts, but there are very few pairs traded, as well as weak trading volumes for other pairs. In general, do not expect cool opportunities from the Felixo crypto platform. This exchange is far from the top.

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samsoum
2 years ago

Exchange trading with Felixo is quite acceptable for conservative crypto traders. There are not many tokens, and the total list of trading assets does not exceed 30. However, liquidity is high, the listing includes the main cryptocurrencies. Also, a feature is the ability to trade cryptocurrency paired with the Turkish lira. I agree that an exotic currency is hardly suitable for conservative trading, it is more for those who like to take risks. Commissions are quite normal, we can say that it is less than the average commission among crypto exchanges. During two years of trading with Felixo, I did not notice any problems with my withdrawals. I withdraw either to a BTC wallet or an ETH wallet. Funds are credited to the wallet quickly, and applications are processed in full. I can recommend the Felixo crypto exchange for trading.

Expert Review of Felixo

The Felixo cryptocurrency exchange was launched in 2018. The headquarters is located in Istanbul. Despite the obvious advantages for Turkish traders (the only fiat is the Turkish lira), the platform is equally convenient for clients from different regions. An exception is only users from the United States, for whom there are certain legal restrictions on working with foreign platforms.

The exchange is rated as universal, that is, suitable for both beginners and experienced traders. They have the typical registration, and verification is of the AML/KYC standard. The TradingView terminal is without any modifications, and a distinctive feature is the presence of a stop limit. The mobile application is developed for iOS and Android and is an adapted version of the browser terminal. The experts did not identify any bugs or vulnerabilities.

The platform is characterized by high stability of work and a degree of safety that meets modern standards. There is multilevel data encryption, and the ability to connect different verification methods (including remembering IP). Customers’ funds are held in cold storage. The smallest minimum deposit in the segment is ₿0.00000001 or the equivalent in another asset.

The exchange has an exchanger with the possibility of direct payment from a bank card, and transactions are carried out instantly. For beginners, the platform offers high-quality training materials with video guides on technical and fundamental analysis. As a disadvantage, we can note, the absence of investment programs and another fiat besides the Turkish lira. But even taking these features into account, trading on the platform is convenient and profitable.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Felixo’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The crypto exchange does not provide investment solutions to its users. The platform is focused on active trading. Alternative ways to earn money are a referral program, the Bug Bounty program, and periodic bonuses for promotions and tournaments.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Felixo’s affiliate program:

Felixo offers a standard referral program. Each user of the exchange can invite another trader. To do this, after registration, you must enter your personal account and you will find a referral link there. The clients of the exchange can place it on any platform at their sole discretion.

Each user who follows the client’s referral link becomes his partner (referral). From that moment on, the inviting client receives 20% of all his commissions as bonus payments. For example, if the commission for the current referral’s trade is 10 FLX, the inviting party will receive 2 FLX on the account.

The program is unlimited, that is, the invited user remains the client’s referral for as long as he trades on the exchange. The program is unlimited in time — each client of the exchange can have an unlimited number of referrals. The referral program is an excellent opportunity to secure significant passive income, including through additional bonus payments for traders with increased activity in the media.

Trading Conditions for Felixo Users

To start trading with the Felixo cryptocurrency exchange, the client needs to go through the registration procedure, and then get verified (confirm personal data). After that, he will have access to the full functionality of the platform, but will not be able to trade until he makes a deposit. The deposit can be made in any asset that is listed on the exchange. The minimum deposit is ₿0.00000001 or the equivalent in another cryptocurrency. In the process of trading, the client of the exchange can rely only on his own assets, since the platform does not provide leverage. Technical support works without breaks or days off. You can contact them by leaving a request on the website in the “Contact Us” section. The table below shows the main trading conditions of the platform.

$1

Minimum
deposit

1:1

Leverage

24/7

Support

💻 Trading platform: TradingView (browser)
📊 Accounts: Standard
💰 Account currency: Cryptocurrencies, TRY
💵 Replenishment / Withdrawal: Bank cards, e-wallets, and crypto wallets
🚀 Minimum deposit: ₿0.00000001 
⚖️ Leverage: 1:1
💼 PAMM-accounts: No
📈️ Min Order: from 0
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, TRY
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Available
➕ Affiliate program: Yes
📋 Orders execution: N/A
⭐ Trading features: Of the fiat, there is only the Turkish lira, commissions can be reduced using FLX platform token, there are no investment programs, high-quality training materials, high transaction speed
🎁 Contests and bonuses: Yes

Broker comparison table of trading instruments

Felixo Bybit MEXC Binance XT.com Yobit
Forex No No No Yes No No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No No
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

Felixo Commissions & Fees

Information
Felixo cryptocurrency exchange charges commission fees for all trading operations carried out on the platform. The amount of the commission does not depend on the asset. The main factor is the trading level, that is, the client’s trading volume over the past 30 days. Here is the relationship between trading volume and commission:

  • 0 level, up to ₿50 – 0.15% maker and 0.25% taker;

  • 1 level, ₿50-100 – 0.135% maker and 0.225% taker;

  • 2 level ₿100-150 – 0.12% maker and 0.2% taker;

  • 3 level more than ₿150 – 0.105% maker and 0.175% taker.

To pay commission fees, the exchange’s client can use the FLX coin, for which he will receive a discount. The amount of the discount is determined by the amount of FLX on the client’s account, the relationship is as follows:

  • 50,000-1,000,000 – 10%;

  • 1,000,000-5,000,000 – 20%;

  • 5,000,000-10,000,000 – 30%;

  • 10,000,000-50,000,000 – 40%;

  • more than 50,000,000 – 50%.

The platform does not charge additional fees, all of them are already included in the total commission for trading operations.

Account type Spread (minimum value) Withdrawal commission
Standard up to 0.25% per order Yes

The crypto exchange charges clients a commission for withdrawing funds (there is no commission for deposit). The amount of this fee is determined by the asset being withdrawn. For example, when withdrawing Bitcoin, the commission is ₿0.0005, and when withdrawing Tether, it is ₮25. There is also a minimum value for the withdrawal amount. For example, an exchange’s client cannot withdraw less than ₿0.001 or less than ₮50.

Broker Average commission Level
Felixo $0.25 Medium
Bybit $20 High
Bitfinex $0.1 Low
Logo Felixo
$0.25
$20
$0.1

Contacts

Foundation date 2018
Registration address Felixo Teknoloji ve Yazılım A.Ş. Merdivenköy Mah. Dikyol Sk. Business İstanbul İş merkezi B blok No:2/36 34732 Kadıköy, İstanbul, Türkiye
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Felixo Review Felixo Review

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FAQs

Do reviews by traders influence the Felixo rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Felixo you need to go to the broker's profile.

How to leave a review about Felixo on the Traders Union website?

To leave a review about Felixo, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Felixo on a non-Traders Union client?

Anyone can leave feedback about Felixo on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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