Fexolax (fexolax.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: fexolax.com.
I trusted Fexolax (fexolax.com) 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: Real-time alerts|Tax reports included|Stable platform|Detailed reporting
Cons: Search feature is basic|Limited demo account features
Do not believe the bonus offer from Fexolax (fexolax.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after attending a webinar they hosted and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Two-factor authentication|Personal attention
Cons: Email notifications too frequent|Withdrawal takes 1-2 business days
The platform at Fexolax (fexolax.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about three months of dealing with this, I have had enough.
Pros: Reliable uptime|Easy withdrawals|Wide product range|Great customer service
Cons: Website design could be more modern
My card was charged twice by Fexolax (fexolax.com) on the same day. I had to dispute it with my bank. Fexolax (fexolax.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Multiple order types|Risk management tools|Transparent fees|Economic calendar
Cons: None so far|Mobile app could be improved
My withdrawal from Fexolax (fexolax.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about three months of being strung along.
Pros: Easy withdrawals|Market news feed
Cons: Some tools only available on higher tiers
Fexolax (fexolax.com) 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: API access|Easy to use platform
Cons: Limited social trading features
The hidden fees at Fexolax (fexolax.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: API access|Detailed reporting|Dividend tracking|Easy to use platform
Cons: Charting tools need more indicators
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Fexolax (fexolax.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Regular platform improvements|Real-time alerts
Cons: Mobile app could be improved
I joined Fexolax (fexolax.com) through a financial advisor 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: Clean UI|Risk management tools
Cons: Email notifications too frequent