Fidelis CM 2025 Review: Everything You Need to Know
Fidelis CM, also known as Fidelis Capital Markets, has garnered mixed reviews from traders and analysts alike. While it offers competitive features such as high leverage and low minimum deposits, numerous user complaints regarding withdrawal issues and regulatory concerns raise red flags about its reliability. This review aims to present a comprehensive analysis of Fidelis CM based on various sources to assist potential traders in making informed decisions.
Note: It's crucial to recognize that Fidelis CM operates under different entities in various jurisdictions, which can significantly affect the level of service and regulation. This review takes a balanced approach to provide an accurate picture of the brokers offerings and potential risks.
Ratings Overview
How We Rate Brokers: Our ratings are based on a thorough analysis of user feedback, expert opinions, and factual data regarding the broker's services.
Broker Overview
Founded in 2011, Fidelis CM is an online forex and CFD broker based in Saint Vincent and the Grenadines. It claims to provide access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, catering to a wide range of trading preferences. The broker offers various asset classes, including forex, commodities, and indices, but does not include cryptocurrencies in its offerings. While the broker asserts regulatory compliance with the local Financial Services Authority (FSA), many sources indicate that this claim lacks credibility, as the FSA does not regulate forex trading.
Detailed Breakdown
Regulated Geographic Areas:
Fidelis CM is registered in Saint Vincent and the Grenadines, a jurisdiction known for its loose regulatory framework. While it claims to have some level of oversight, the lack of stringent regulations raises concerns about the safety of client funds.
Deposit/Withdrawal Currencies/Cryptocurrencies:
The broker accepts deposits in USD and offers various withdrawal methods, including bank transfers and e-wallets like Skrill and Neteller. However, it does not support cryptocurrency deposits or withdrawals, which may limit options for some traders.
Minimum Deposit:
Fidelis CM has a low minimum deposit requirement of just $10 for certain account types, making it accessible for beginner traders. However, some account types may require higher minimum deposits.
Bonuses/Promotions:
Fidelis CM offers various promotional campaigns, including bonuses for new clients, although the specific terms and conditions are often not clearly defined.
Tradeable Asset Classes:
The broker provides access to a limited range of assets, including over 45 forex pairs, commodities, and indices. However, the absence of cryptocurrencies may deter some traders looking for diversified investment options.
Costs (Spreads, Fees, Commissions):
Spreads at Fidelis CM start from as low as 0.0 pips for major currency pairs, but the average spread can be higher depending on the account type. Commissions are applicable for certain account types, and withdrawal fees may apply for amounts below $5,000, which can vary significantly based on the payment method.
Leverage:
Fidelis CM offers high leverage of up to 1:400, which can be appealing to traders looking to maximize their positions. However, high leverage also comes with increased risk, which traders should carefully consider.
Allowed Trading Platforms:
The broker supports both MT4 and MT5, providing traders with a robust trading environment and various tools for market analysis. However, the lack of proprietary platforms may limit some traders' preferences.
Restricted Regions:
Fidelis CM does not accept clients from certain jurisdictions, including the USA and British Columbia, which can limit its market reach.
Available Customer Service Languages:
Customer support is available in multiple languages, including English and Spanish. However, many users have reported long wait times and unresponsive service, which is a significant drawback.
Ratings Overview Revisited
Detailed Breakdown of Ratings
Account Conditions (5/10):
Fidelis CM offers various account types with low minimum deposits, which is appealing to new traders. However, the lack of regulatory oversight and mixed user experiences regarding withdrawals detracts from overall trust.
Tools and Resources (6/10):
The availability of MT4 and MT5 provides traders with essential tools for analysis and execution. However, the educational resources are limited, which may not be sufficient for beginners.
Customer Service and Support (4/10):
While customer support is available in multiple languages, many users have reported dissatisfaction with response times and resolution effectiveness, raising concerns about the overall service quality.
Trading Setup (5/10):
The trading experience can be competitive due to high leverage and low spreads, but the lack of transparency regarding fees and potential withdrawal issues can create a frustrating environment for traders.
Trustworthiness (3/10):
The unregulated status of Fidelis CM and the numerous complaints regarding withdrawal issues significantly impact its trustworthiness. Traders are advised to proceed with caution.
User Experience (4/10):
User experiences vary widely, with some reporting satisfactory trading conditions while others express frustration over withdrawal delays and customer service issues.
In conclusion, while Fidelis CM offers attractive features for traders, such as low minimum deposits and high leverage, the risks associated with its regulatory status and user complaints about withdrawal issues cannot be overlooked. Potential clients should conduct thorough research and consider their risk tolerance before engaging with this broker.
