Callisto FX / @Callistofxtrades / @callisto_Fxtrades has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I had high hopes for Callisto FX / @Callistofxtrades / @callisto_Fxtrades from a blog post comparing services, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Clean UI|High security standards|Educational resources|Two-factor authentication
Cons: Limited social trading features|Research section could be deeper
I joined Callisto FX / @Callistofxtrades / @callisto_Fxtrades through a podcast recommendation and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Regular updates|Smooth onboarding
Cons: Website design could be more modern
After for over three years with Callisto FX / @Callistofxtrades / @callisto_Fxtrades I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Dedicated account manager|Transparent fees
Cons: Live chat only during business hours|Account statements could be more detailed
The onboarding at Callisto FX / @Callistofxtrades / @callisto_Fxtrades was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Fast deposits|Easy to use platform|Responsive team
Cons: Mobile app could be improved|Limited social trading features
Callisto FX / @Callistofxtrades / @callisto_Fxtrades advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Portfolio tracking tools|Educational resources
Cons: Limited social trading features
Callisto FX / @Callistofxtrades / @callisto_Fxtrades offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: API access|Copy trading available|Clean UI|Regular platform improvements
Cons: Onboarding videos are outdated
After seeing ads for Callisto FX / @Callistofxtrades / @callisto_Fxtrades online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
I signed up with Callisto FX / @Callistofxtrades / @callisto_Fxtrades after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Dedicated account manager|Easy withdrawals|Market news feed
Cons: Withdrawal takes 1-2 business days|Limited social trading features
Callisto FX / @Callistofxtrades / @callisto_Fxtrades seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Comprehensive tools|Responsive team|Reliable uptime|API access
Cons: Limited ETF selection|Limited social trading features
Callisto FX / @Callistofxtrades / @callisto_Fxtrades had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Easy withdrawals|Multi-currency support|Quick verification
Cons: Slow to add new assets|Wait times can be long during peak hours