FidelityCorp claims to be a licensed service provider. In addition, the company promises to provide clients with a “new era of trading excellence.” However, the website is missing information about the license and the firm’s location. Will you really get the “transparency and innovation” on this platform, as claimed by its owners? Our review will help you draw your own conclusions about the safety of working with this broker.
How to Trade
FidelityCorp offers clients to diversify their investment portfolio. The company assures that you will find a “world of opportunities” on its author’s platform and will be able to reduce your risks. The range of assets with which you can “reach your financial goals” includes 5 markets, from stocks to cryptocurrencies. The broker takes great care to protect your funds from cyber fraud. For example, if you use a credit/debit card to deposit/withdraw funds, you must provide the security service with a scan of its front and back (!) side.
FidelityCorp provides the following services to its clients:
- Trading Plans – 6 options structured by minimum deposit amount ranging from $5,000 to $1,000,000.
- Automated trading, Negative Balance Protection, Stop Loss/Take Profit, SSL Security Standard, Trading Signals.
- Bonus funds – the amount depends on the chosen tariff, you can get 10% of your deposit if you make trades for the amount exceeding the bonus 40 times.
FidelityCorp rewards program provides for automatic interest accrual to the client’s balance. The withdrawal request will be processed within 5 business days, after the order is approved you will have to wait up to 10 more days until the funds are credited to your bank account or cryptocurrency wallet. The firm charges a 3.5% fee for all withdrawals except the first one, but not less than $30 and not more than $3,500.
FidelityCorp Vital Info
The broker did not disclose anything about the history of the project. The official website does not suffer from an excess of useful information, in the “About Us” section there are only a few short paragraphs that persistently urge visitors to register an account. However, there is no mention of the management team’s names, the project’s business model, the founding date, the legal address, or license, and the domain was only created at the end of February 2024. What kind of platform is this? It seemed to us that FidelityCorp was playing a sort of mystery game with its clients.
In the user agreement, we found information that the court for resolving “any dispute is the District Court of the county where the headquarters of the brokerage company is located”. However, where is it located? We did not find FidelityCorp in some registers of legal entities, but we found a reputable financial firm Fidelity in the USA, whose logo is suspiciously similar to the one used by the hero of our review. Is this a coincidence? Such a coincidence is unlikely.
This company will not let you make money!!! You need to have at least $200,000 to trade here. I tried to start working with $25,000, but I started to make only losses because of the broker's fault. Fidelitycorp open trades only when they want to, there are huge commissions, and the broker can close your trade without your permission, but for their own reasons. I got the impression that the administrators of fidelitycorp.co draw the charts themselves and work internally rather than on Forex. This is evident because I drain my deposit constantly when orders are closed not in time. I do not recommend this broker!
On fidelitycorp.co there are a lot of hidden commissions, it is even impossible to know the size of spreads and all fees. Tech support replied to me that such information is not allowed to be provided!!! I was stunned by such a service. The rules are written with mistakes, many sentences are broken, and there are commas at the end of clauses. The broker requires 5 thousand dollars for the minimum deposit, of course I am worried about the question, why such a big money and such illiteracy, which is confusing? The company fidelitycorp is very much like a scam, I appeal to the administrators: maybe you will fix all the flaws in the Italian version...?
Don't register a profile on fidelitycorp.co, these scammers will steal all your money from your account! I registered with this broker because of my diversification strategy, as I wanted to open another account, and FidelityCorp has a lot of ads on the internet so I thought they were the coolest. However, in just 2 weeks after I registered, my 7 thousand euros were successfully lost with the help of crooks pretending to be a solid company. Don't get involved!
I learned about this company from a colleague in the US. The broker is oriented to the American market, basically, if you consider even the fact that when working with shares of local companies, that intermediary has zero commissions. However, the company is active in the international arena, so I had no problems with registration and verification. I liked the fact that Fidelity is equally loyal to both professional traders and beginners. The consultants in the support are ready to help and explain how to get started in the financial markets with minimal risks. There's an excellent training base, even a personal manager conducts trading education sessions to increase the level of knowledge of clients. I got used to the broker's author terminal very quickly, it is not bad in functionality and works correctly. I did not see a variety of payment methods, the broker does not provide many electronic payment systems, but always payouts according to the regulations, and you can apply for withdrawal at any time.
I don't spare a good review for this broker. I worked on the platform recently, but my first impression is positive. Support service works around the clock, there was no such thing that my question was left unanswered. Usually all problems are solved within 5-10 minutes. I also liked the options: protection from negative balance, trading signals, no restrictions when using investment strategies. The broker has a lot of other useful services for clients, for example, analytics in my cabinet, where I can track history and it's convenient for me to record income information.
I opened an account here in February, the terminal and set of tools there are standard. The money is deposited in the usual ways, withdrawal too. When I withdrew money for the first time, they gave it to me without questions. But now I do not trade on FIDELITYCORP and do not advise others. The story happened as follows: I had a short position opened on the Australian dollar to the US dollar. Stop loss and take profit were set. The position was left open overnight. I started to check the terminal in the morning and saw that the price fell below my order by 8 pips. The order did not work and the price turned around and went up. I contacted support, but knowing the pitfalls, I started from afar, I asked: how much is the spread on AUD/USD? The operator answers the same day that it is 5 pips. Then I asked the following question: why didn't my order work? I am still waiting for an answer... more than 10 days already...
I was shown this site, by an employee, which i know from another scam site. I am not going to put a cent herein. I have now learnt. Trading platforms without regulation and authorization are just websites, and they belong to no court or jurisdiction. And they may disappear overnight without notice. Which have happened me. Enough.
If you want a trading platform then search for the top ten Authorized ones. There is no reason to risk your money on a website, which for what we know may run just demo platforms, and the only money existing are what you deposited, and its getting stolen.