Fidelis Capital Markets Forex Broker Review

Fidelis Capital Markets is an online forex and CFD broker that offers online trading services.

It is located at Saint Vincent and Grenadines and it is alleged to have been set up in 2011.

This broker presents itself as a prominent online forex broker that employs the extensively secure and improved technology usable to associate directly to the interbank market, providing traders with a genuine ECN, non-dealing desk trading environment and unprohibited 24-hour market access.

It claims that its most important values are trust, reliability, and translucency.

fidelis capital markets

And that its main purpose is to concentrate on customer satisfaction, delivering adequate forex trading products as well as conditions within a perfect STP environment.

 

Fidelis Capital Markets Trading Platform

Fidelis Capital Markets provides six distinct types of trading platforms, including:

• Fidelis MetaTrader 4
• MetaTrader 5 Beta
• MetaTrader Multi-Terminal
• cTrader
• cTrader Mobile Web
• cTrader Web

Fidelis Capital Markets Limited gives customers access to influential and popular MetaTrader trading platforms.
Traders have all the tools required to trade with, and appropriately analyze their trading techniques and profits with the different range of tools, charts, and indicators the MetaTrader come with.

MT4: MT4 is about the world’s most outstanding trading platform as it offers a broad host of characteristics that readers can benefit from.
Some of these features include:

  • ZERO commission account on spreads account
  • Spreads from 0.0 pips on commission account
  • All accounts are STP accounts
  • Direct Market Access
  • Micro Lots accessible for Spot Forex and Metals
  • No Dealing Desk, EA, scalping, and hedging allowed

MT5: the MT5 is the most recent MetaTrader platform version which offers characteristics like:

  • Authorizing both hedging (by request) and Netting
  • Offering 38 technical indicators
  • Offering 44 analytical objects
  • Giving 21 timeframes
  • A vast number of charts.

This trading platform also provides market depth and an economic calendar.

The Fidelis Capital Markets also gives traders access to the strong cTrader platform for lightning-fast order execution. Next to the FIX Protocol, the cTrader trading platform is suitable for scalpers and it guarantees sub-second order execution as well as the poorest valid spreads.

The broker’s cTrader platform is available as a desktop application, a web-based version, and a mobile version.

 

What Fidelis Capital Markets Say it Offers

Fidelis Capital Markets offers more than 45 forex pairs, CFDs, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for investors private investment and trading options.

A detailed list of the trading tools is listed below:

Forex:: There are 62 distinct pairs convenient to be traded with, some of them include:

  • AUDCAD
  • CASCHF
  • EURAUD
  • EURGBP
  • EURUSD
  • GBPJPY
  • GBPNOK
  • NZDUSD
  • USDSEK
  • USDTRY
  • USDZAR.

Precious Metals: the only usable metals are Gold and Silver.

CFDs: the CFDs available include:

  • Indices
  • Commodities
  • Shares – a few examples are STSE 100, Nasdaq, US Oil, UK Oil, and natural gas.

Crypto: this one involves:

  • A few distinct coins, some tradable only against USD and some are tradable against EUR.
  • Bitcoin
  • Ethereum
  • Litecoin
  • Ethereum Classic
  • Monero
  • Ripple
  • ZCash
  • Bitcoin Cash.

 

Fidelis Capital Markets Account Types

Fidelis Capital Markets offer 6 distinct account types with different deposit amounts and trading conditions.
They are listed below:

Mini Account – This account type imposes only $10 to be created, with leverage up to 1:400, and the trade size varying from 0.01 lots up to 100 lots.

The base currency for this account type must be in USD and it employs the ECN/STP execution.
It requires no commission for forex or metals but it does require $12.5 on CFDs.
The margin call is set at 100% and the stop out level set at 50%, this account can as well be used as an Islamic account.
It possesses accessibility to MT4 and MT5 as trading platforms.
It also retains access to 24/5 client support, a private account supervisor, complimentary training, no requotes, credit card deposit/withdrawals, the client cabinet, unrestricted signals, news trading and It is competent to execute scalping and hedging.

Rookie Account: this account type boosts the minimum deposit up to $50 and it can just be in USD.
This account comes with leverage up to 1:400, utilizes the ECN / STP execution strategies.

No commission is required for forex and gold but there is for silver at $7.5 and CFDs at $7.5.

The margin call and stop out are established at 100% and 50%, and this account can also be employed as an Islamic account.

It can use both MT4 and MT5 as trading platforms and also retains access to 24/5 client support, a private account supervisor, complimentary training, no requotes, credit card deposit/withdrawals, the client cabinet, unrestricted signals, news trading and can execute scalping and hedging.

Prime Account: this account type enhances the minimum deposit up to $100, leverage maxed at 1:400, trade sizes varying from 0.01 lots to 100 lots.
Account must be in USD and it employs ECN/STP execution.

It has a commission of $3 for forex, $4.5 for metals and $4.5 for CFDs.
Margin call and stop out levels linger at 100% and 50% and the account can be utilized as an Islamic account.
It can use both MT4 and MT5 as trading platforms. And also, access to 24/5 client support, a private account director, complimentary training, no requotes, credit card deposit/withdrawals, the client cabinet, unrestricted signals, news trading and the ability to execute scalping and hedging.

Elite Account: in this account type, the minimum deposit rises to $5,000, maximum leverage stays at 1:400, trade sizes vary from 0.01 lots to 100 lots.

Account must be in USD and utilizes ECN/STP execution.
Has commission of $2.5 for forex, $4 for metals and $4 for CFDs.
Margin call and stop out levels linger at 100% and 50% and the account can be employed as an Islamic account.

Both MT4 and MT5 can be used as trading platforms.
It also retains access to 24/5 client support, a private account director, complimentary training, no requotes, credit card deposit/withdrawals, the client cabinet, unrestricted signals, news trading with the ability to execute scalping and hedging.

Unique Account: this account type boosts the minimum deposit up to $10,000, an account can just be in USD.
It comes with leverage up to 1:200, utilizes ECN/STP execution techniques.

It has an a commission of $1.25 per side for forex, metals and, CFDs. This account can use just MetaTrader 4 as its trading platform.
It also retains access to 24/5 client support, a private account manager, complimentary training, no requotes, credit card deposit/withdrawals, the client cabinet, unrestricted signals, news trading and the ability to conduct scalping and hedging

Hero Account: this account type curtails the minimum deposit back down to $100, with leverage up to 1:200 and trade sizes varying from 0l01 lots up to 100 lots.
It utilizes ECN/STP for execution which is a restricted trading commission of $2 for each trade.
The Margin call is put at 100% and stop out at 50%, Islamic accounts are also ok.

This account can only employ MetaTrader 5 as its trading platform.
It also retains access to 24/5 client support, a private account director, complimentary training, no requotes, credit card deposit/withdrawals, the client cabinet, unrestricted signals, news trading and the ability to conduct scalping and hedging.

 

Fidelis Capitals Markets Payment Methods

The minimum deposit imposed for account creation is $10 and this earns the investor a mini account.
The minimum deposit drops down $5 once the account is created.
Deposit Methods & Costs:

  • Bank Wire Transfer – Deposits over $5,000 no fee, below $ 5,000 bank fees
  • Visa/MasterCard – 3.35% fee on deposits below $ 5,000
  • Skrill – No fee
  • Neteller – No fee
  • Fasapay – Deposits over $5,000 no fee, below $ 5,000 fee 0.50%
  • WebMoney – Deposits over $5,000 no fee, below $ 5,000 fee 4%
  • Withdrawal Methods & Costs

When withdrawing the same methods are available, they also have their fees:

  • Bank Wire Transfer – Only bank fees
  • Visa/MasterCard – No fee
  • Skrill – No fee
  • Neteller – No fee
  • Fasapay – 0.5% fee
  • WebMoney – 2% fee

 

Is Fidelis Capital Markets Licenced?

This broker is introduced as a CySEC regulated broker although it is not mentioned on the website.

The information on the website says that the broker is registered and governed in St Vincent and the Grenadines. The Financial Services Authority (FSA) is the financial authority in this country.

 

Conclusion

As much as we think this broker is a great place to invest in, we also think it has a license problem, otherwise, why would its regulation be conflicted?

We do not completely recommend this broker.

We advise our readers to invest with care and only begin with the beginner accounts to test the waters before investing with big money.

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