FelonixTrader 59 EVO 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.
The mobile app from FelonixTrader 59 EVO is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Great customer service|Multi-currency support
Cons: Account statements could be more detailed|Help articles are sometimes vague
Tried to withdraw my funds from FelonixTrader 59 EVO and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Customer support at FelonixTrader 59 EVO seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Regular platform improvements|Multi-currency support
Cons: No integrated tax optimization|Search feature is basic
After for a couple of months now with FelonixTrader 59 EVO 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: Market news feed|High security standards|Responsive team
Cons: None so far|No crypto staking
I was about to invest with FelonixTrader 59 EVO but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
I signed up with FelonixTrader 59 EVO after a trusted YouTuber reviewed them 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: Multi-device support|Dedicated account manager|Low minimum deposit|Economic calendar
Cons: Desktop app not available on Linux
Tried to withdraw my funds from FelonixTrader 59 EVO and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I have been trying to close my account with FelonixTrader 59 EVO for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Fast deposits|Segregated accounts
Cons: Limited ETF selection
I trusted FelonixTrader 59 EVO with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Educational resources|Fast deposits
Cons: None so far|No dark mode on mobile
FelonixTrader 59 EVO changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Excellent charting|Transparent fees|Risk management tools|Multiple order types
Cons: Minimum deposit could be lower