FIC Forex broker specializes in providing foreign exchange trading services, the company's official website https://secure.fidusinvestments.eu/en/register, the company's legitimate regulatory information CyprusCYSECStraight Through Processing(STP), to enhance the security of the company's address Aisopou 10 Aglantzia, 2113 Nicosia, Cyprus.
FIC Forex Broker
Basic information
Cyprus
5-10 years Regulated in Cyprus Straight Through Processing(STP) Suspicious Scope of Business Medium potential riskCompany profile
FIC Information
Founded in 2018, FIC provides diversified trading assets, including foreign exchange, CFDs, ETFs, stocks, bonds and derivatives. The platform operates under the supervision of the Cyprus Securities and Exchange Commission (CYSEC) and its commission is flexible. However, the complex cost structure and limited customer support are not suitable for beginners.
Pros & Cons
| Pros | Cons |
| Regulated by CYSEC | Complex Fee Structure |
| A variety of financial instruments | Limited Educational Resources |
| Advanced Trading Platforms: MT4 and Multi Product Platform | Charges costs for missing IBAN information and payment investigations. |
| Clear and consistent commission rates for various securities and markets | |
| Payments through many foreign bank accounts in different currencies |
Is FIC Legit?
FIC is regulated by CYSEC, and with license numbers 326/17.
| Regulated country | Regulated Authority | Regulated Entity | License Type | License Number |
| CYSEC | Fidus Investments Cyprus Ltd | Straight Through Processing(STP) | 326/17 |
What Can I Trade on FIC?
FIC provides clients with access to various investment products and services, such as FX, CFDs, ETFs, stocks, bonds, and derivatives.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ❌ |
| Metals | ❌ |
| Commodities | ❌ |
| ETFs | ✔ |
| Crypto | ❌ |
| Bonds | ✔ |
| Derivatives | ✔ |
| CDFs | ✔ |
FIC Fees
Compare with other trading institution, the fees structure of FIC is more flexibility but relatively complex.
Trading Fees
FIC provides a complete commission structure that varies depending on the financial instrument and the market. While FIC's commission structure is flexible, it may be better suited for seasoned traders or those with specific market preferences due to the complexities involved.
| Financial Instrument | Commission Type | Fee Details |
| Futures | Standardized | USD 35, EUR 35, GBP 35, CHF 35, or JPY 3,500 per contract |
| Stocks (US) | Tiered | 5‰ for shares > USD 10, 5 cents per share for shares < USD 10 |
| Options (US) | Fixed | 7 cents per share with a minimum of USD 50 |
| CFD | Range | 5‰ to 7‰ based on market conditions |
| Forex | Flat | USD 35, EUR 35, GBP 35, CHF 35, or JPY 3,500 for every 100,000 units of the price currency |
| Custody | Monthly | 0.25‰ with a minimum of USD 10 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for which type of traders |
| MT4 | ✔ | Windows, Android, Linux, Apple | Experienced traders seeking advanced charting tools and quick trading functions. |
| MT5 | ❌ | / | / |
| Multi Product Platform | ✔ | Windows, Android, Linux, Apple | Traders looking for a comprehensive platform with full customization options and advanced charting capabilities. |
Deposit and Withdrawal
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank transfer | \ | EUR 30 for missing or incorrect IBAN | \ |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank transfer | \ | EUR 50 for payment investigations;EUR 15 per message | \ |
eezhou
South Korea
Having been trading with FIC for almost five years and I have not encountered any problems. FIC is a legit broker, and it never has any withdrawal problems. so I would definitely recommend this broker to your guys.
Neutral
2023-03-13