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Follow MyTrader is a product from FELS wealth GmbH, a FELS Group GmbH subsidiary company. The FELS Group GmbH is a fintech company based in Kelkheim near Frankfurt, Germany. It has developed software that enables clients to easily and directly implement strategies from external and independent investment professionals, using their own securities account at their bank. This is made possible by an online financial platform on which select traders and investment professionals post their strategies and investment suggestions for clients. Clients receive these suggestions as a push service, by SMS or e-mail, and can follow them directly and in real time.
The provider of the financial services in accordance to Section 1 German Banking Act (KWG) is FELS wealth GmbH, Dieselstraße 2, 65779 Kelkheim. FELS wealth GmbH has a corresponding permit from the Federal Financial Supervisory Authority (BaFin) in accordance to Section 32 German Banking Act (KWG).
You should ensure that you have the risk appetite, relevant experience and knowledge before you start trading. Using the Follow MyTrader service entails risks to your capital. Amongst others, there is the risk of following traders whose ultimate purpose, or financial status, differs from yours. A Star Trader’s past performance is not a reliable indicator for his future performance. Detailed information is included in our risk disclosure document (only available in German).